3 ms·
"None of those provide any real safeguards". Don't you feel like this is an overstatement? Like if Microsoft commits a fraud I can sue Microsoft. Like yes it
by jegutman 11y ago
"None of those provide any real safeguards". Don't you feel like this is an overstatement? Like if Microsoft commits a fraud I can sue Microsoft. Like yes it's possible that in the future these safeguards wont' be available, but having real legal entities with known individuals you can have a trust based relationship in society is of tremendous value. Knowing that your counter-party in a transaction has repetitional risk is definitely beneficial.
- snogglethorpe 11y ago... and frankly, at least in a country with a stable legal system, it's a slight bit of comfort to know that if all else fails (hopefully it never reaches that point of course), the police can go and arrest somebody that caused us harm, and/or seize their assets.