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Do you really believe that there's not going to be a market for TRUSTLESS wills? For tax-free, trustless estate transfers?
by Donzo 9y ago
Do you really believe that there's not going to be a market for TRUSTLESS wills?
For tax-free, trustless estate transfers?
- paulsutter 9y agoHow does a mechanism change tax rules?
- Donzo 9y agoEverytime you park the crypto in fiat, you face tax burderns. The Etherium Network imposes no such burdens.
- bulte-rs 9y agoDepending on where you live... it still does. It's just hidden. No try buying a house with those ethers and get away with it. So your libertarian utopia of cryptocurrencies being uncontrolled has now become an instrument of former off-shorers to hide their dollars/euros/yen/kittens.
- Donzo 9y agoYeah, yeah, we'll write all that stuff in the fine print.
- Donzo 9y agoRich people just don't know that Ethereum does this, that it's built into it. Everyone (Main Street) just thinks it's a crypto currency right now. What about TRUSTLESS gambling? Hmm... Maybe there'd be a market for that?
- Donzo 9y agoWe could literally set up a company that does this for rich people right now and charge them a percentage of their estate. Some people are so untrusting that they would pay a percentage of the estate for such a service. Not to mention the tax advantages! Now, the high volatility of crypto is an impediment to this model, but after the blood bath (possibly starting today), values will hopefully stabilize a bit and make the values a little more stable and predictable.