To protect private wealth, presumably.why do these closed platforms exist in the first place?
To protect private wealth, presumably.
Yeah, in some ways even more so. It would just be more difficult to hide it, like how its more difficult to hide things when everyone has their own personal surveillance equipment on them at all times.wont web3.0 also protect private wealth?
Firms also strike me as a means of more efficient capital management, what with the various combinations of legal forms to explore in the interest of minimizing "friction" like taxation.that doesnt seem like the answer to me
Like there are just mountains of money in plain sight on blockchains like bitcoin and ethereum. There are ways to make it less immediately evident, like splitting them up into a number of other wallets, but these ways are still easy to identify for anyone who can navigate blockchains.Yeah, in some ways even more so. It would just be more difficult to hide it, like how its more difficult to hide things when everyone has their own personal surveillance equipment on them at all times.
it does seem like a failure of crypto on its own terms if it makes wealth more difficult to hold for individualsYeah, in some ways even more so. It would just be more difficult to hide it, like how its more difficult to hide things when everyone has their own personal surveillance equipment on them at all times.
I think the reality is that centralisation is often more efficient than decentralisationFirms also strike me as a means of more efficient capital management, what with the various combinations of legal forms to explore in the interest of minimizing "friction" like taxation.
Hold or hide? Easier to hold, and control, especially if you use non-custodial wallets.it does seem like a failure of crypto on its own terms if it makes wealth more difficult to hold for individuals
What do you mean? Like how easy is it to hide your wealth in the traditional financial system?at base isnt it the same thing? how easy is it to be a privately wealthy individual? or at least two sides to the same coin ...
What's not that important?I don't think it's that important for the existence of centralised web platforms tho. they exist due to the fact that they're much more appealing than the alternatives, probably for a variety of reasons
I mean that if you consider he question of how easy it is to be.a privately wealthy individual, the questions of holding and hiding your wealth are a part of thatWhat do you mean? Like how easy is it to hide your wealth in the traditional financial system?