I am not sure of the structuring of the various BTC businesses but would not ES simply be able to provide a site and guaranteed regulatory protection in exchange for a cut of the profits.
One concern I have always had in investing overseas is nationalization of my investment -- this has happened countless times before: Iran and VZ come to mind.
But what if ES put some of their profits into an escrow account that would revert to investors if a change in government resulted in nationalization?
What ES offers to BTC investors is it is a sovereign state -- this is extremely valuable in and of itself, but if there was some further protection against what has happened in the past in other states, that would I believe be unprecedented.
Or perhaps it would work like this: All BTC would go to investors until they were repaid and then ES would start to get its share of profits.
Could this all be accomplished via smart contracts? Thoughts?
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