Re:Tell HN: We have a responsibility to speak out against bl...
by thisisbrians on Friday January 28, 2022 @08:47PM
(#30122930)
Perhaps an even more germane example for the crowd would be the use of blockchain to manage cap tables: https://balajis.com/mirrortable/
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Re:Tell HN: We have a responsibility to speak out against bl...
by thrwn_frthr_awy on Friday January 28, 2022 @09:32PM
(#30123214)
Maybe I'm just too old, but I just don't understand what stuff like this is saying:
> A mirrortable is a way to take a legally compliant cap table held in a system like Carta and mirror it on the blockchain. It consists of an on-chain smart contract and a bidirectional interface that syncs changes made on-chain to the off-chain cap table and vice versa. In this it is similar to a stablecoin, which similarly links an on-chain asset like USDC to a legally compliant set of off-chain USD bank accounts.
Re:Tell HN: We have a responsibility to speak out against bl...
by exdsq on Friday January 28, 2022 @11:58PM
(#30123923)
It's basically saying the cap table is held 'offline', that is off of the blockchain, in a legally compliant digital place. There is then a copy of that cap table on the blockchain with a smart contract - an API if you will - to modify the cap table on the blockchain, which will then update the legally compliant one or vice versa. Not sure what the perks are here, but that's what it is.