nicholas 🧨
@nicholas
It will not make sense to run a corporation entirely onchain for a long time
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p0pps
@p0pps
Tell me why.. I think about this a lot.
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nicholas 🧨
@nicholas
Start from what real businesses really need, and work from there, instead of from ideologically driven ideal behavior. Why would a business owner throw away private internal banking when they can use crypto and trad biz entities and banking in concert.
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Philip Milestone
@philipmilestone.eth
One reason, I think, is reasonable privacy? Limited liability is arbitrarily tied to doxxed centralization (and will become worse on 2024.Jan.01 with the CTA). On chain we can be Xonymous and limit collectability of judgments b/c no one else can access our funds.
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Philip Milestone
@philipmilestone.eth
AML matters imho and that’s a wicket to be unstuck but because having an offchain corporation necessitates an absence of reasonable privacy I think the move away from corps to a better form will be more rapid than not.
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Philip Milestone
@philipmilestone.eth
this sticky wicket is discussed in the latest @epicenter interviewing @rand_hindi of @zama. it’s in the last 3rd or so of the show (which starts with a great disambiguation of zk, mpc and fhe). tagging @abbeyjaz.eth as FC’s resident Zaman.
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Philip Milestone
@philipmilestone.eth
https://podcasts.apple.com/us/podcast/epicenter-learn-about-crypto-blockchain-ethereum-bitcoin/id792338939?i=1000636418791
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