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It doesn't need to be trustless. Is this a roundabout way of trying to associate cryptocurrencies with a prerequisite of trustlessness for everything that uses
by vmception 6y ago
It doesn't need to be trustless.
Is this a roundabout way of trying to associate cryptocurrencies with a prerequisite of trustlessness for everything that uses them?
This is just corporations using permissionless architecture, there have been companies doing this on blockchains for almost 10 years. I used to own shares of SatoshiDice for the daily dividends it paid onchain from 2012-2013.
The market enforces the behavior. A cartel that pays nice dividends will have a better share price and deeper secondary market, allowing them and their employees to always sell shares for more money. A corporation that doesnt perform well for shareholders doesnt have the same market.
I think I’m the one specifically drawing no distinction between criminal groups and liquidity, because they are unrelated concepts.