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> Me and You start a company together. We would like to split things 50/50. We setup an address such that when values are paid to it, half goes to you, half goe
by Joeboy 9y ago
> Me and You start a company together. We would like to split things 50/50. We setup an address such that when values are paid to it, half goes to you, half goes to me.
What is the real world use case for that, though? That seems like a contract that makes sense as long as you and I trust each other, which rather negates the purpose of a contract.
Some immediate issues that strike me:
* There's nothing to stop either of us offering the services of the company outside of that contract;
* There's no way to ensure that one of us isn't freeloading;
* If my wallet gets stolen you'll be paying half the earnings of the company to the hacker until the contract is somehow voided;
* Which raises the question of how can this contract get voided? Do either of us get to void it whenever we feel like it? What if I've lost my key? Do we potentially just have to live with the money being paid into hacked / unusable accounts forever?
So all you've really saved is the bother of dividing a number by two and doing bank transfers, in return for which you've gained significant operational burdens.