the purpose of the wrapper is to isolate the taxes to the wrapper
we are creating a wrapper at work. I am not sure the same logic would apply here but TBD
Shit Punk Says
Oceans of Wisdom
19,158
matching drops
#1459158
2026-09-22 15:17
the US tax treatment of that is not "the sale of the lemonade is tax free"
if i say: "I am selling this lemonade with @[maybe] but we are not going to spend the money and we will give it later to someone else"
dunno
each grantee would be the ultimate recipient. everything else is automated and never controlled
the risk of not picking a jurisdiction is that everyone decides they are your jurisdiction
the negative of a wrapper is that there is a wrapper
the benefit of a wrapper is you can pick a jurisdiction
dunno, "where" is this thing
unless the validators each control a sliver of it for voting on proposals but dont actually receive the funds and no one ever controls it until disbursement, right?
so you either wrap it in an entity and isolate the tax to an entity and jurisdiction (doable but adds some centralization) or you distribute to validators which is fine but then you don't have a treasury
the sale of the card is likely a taxable event!
(aside from the artist)
(aside from the artist)
who is getting taxed
when we sell a meme card for eth
different topic
but also we should make 6529 tokens claimable so you only pay taxes when you claim some
it gets more confusing
if you build a treasury with income)
(the individual based on their local tax regime)
it is clear who pays the taxes
if you flow all income to the individuals
what i mean is this
yeah i know about it
the answer is somewhere between daemon/freedom and the last firewall
daemon/freedom getting literal
the hard part is dealing with taxation
that is not the hard part
can convert to stables too etc etc
and network will collect ETH 3x/week
yes
yah i think so - to be more precise i think we will need money
yes all this is doable and will happen
I think at some point we’ll face a vote on an important decision within the Network. There will probably be a need for shared funds that can only be unlocked with a certain TDH threshold, etc. It’s going to be really interesting to see how far we can get.
"safe with TDH lock" is fine but if attacker has physical access they just blow the lock
fuzzy to me still
how this maps to physical world is harder
so the digital/crypto version is solved/solvable
the interesting question is how you can port this into physical world
post decentralization
this is our core defense asset
attacker has to comprise large diverse group simultaneously
defender has advantage
and very very very very powerful
technically speaking
within a visible roadmap
this is doable
hold this naka in a at least 300M TDH consensus contract
on crypto defenses
i think the network can be very reslient
fuzzy in my brain
do you think our personal defense from physical attacks will come from the network itself?
maybe. though i think it is human cope
I think he believes that the human brain, if enhanced, could have potential even beyond that of an artificial ASI, since ASI is ultimately created based on current human knowledge and capabilities. That’s the impression I got.
the freedom vs safety dynamic is going to get very acute
i also think quite adversarial in some ways
i don't think people realize how weird it is going to get