Well originally PLC stood for placeholder but when it stuck they renamed it "Public Ledger of Credentials". At least they're not moving it to an independent organization. Not perfect, but a step in the right direction.
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You know that there is did:nostr spec (draft) too?
https://github.com/nostrcg/did-nostr
Still a placeholder, because without DIDs, the whole system isn't more decentralized than ActivityPub, which is already a widely used standard now.