Re:Drug cartel assassinates its enemies with bomb-toting drones
by vmception on Sunday August 30, 2020 @10:19PM
(#24327929)
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.
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.