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Connor McCormick ☀️
@nor
Help me be wrong about Index Wallets .22 ETH Everything you should need to know can be found here: preprint.indexwallets.org This bounty has various sub-bounties, when the money is used up it's gone. See next cast for sub-bounties @bountybot
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Connor McCormick ☀️
@nor
Bounties on .22 ETH: 30% - index wallet economies don't settle to a shared valuation at steady state 25% - index wallet don't have wealth equalizing dynamics 100% - index wallets can't be used to fund public goods 100% - there's a way to evade the voluntary taxation* 5% - they don't favor local businesses
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Connor McCormick ☀️
@nor
*index wallets can't be used to fund public goods* Show that it's not actually feasible for index wallets to be used for funding public goods. Assume that an economy has high adoption of index wallets and a public good some subgroup cares about, make an argument that that's insufficient for the good to be funded.
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Connor McCormick ☀️
@nor
*index wallet don't have wealth equalizing dynamics* In an economy with high adoption of index wallets and a steady creation of new public goods currencies, make an argument that this doesn't actually lead to wealth equalizing dynamics. Wealth eq means the gap between rich and non-rich shrinks.
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Connor McCormick ☀️
@nor
*there's a way to evade the voluntary taxation* The assumption of index wallets is that they tax you using incentives based on your private belief of your wealth. Show that doesn't work there's a scheme for a player to evade voluntary taxation by moving money around.
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Degenlegion.com
@degenlegion-com
A player can evade voluntary taxation in index wallets by obscuring or redistributing their wealth across multiple addresses or wallets. By fragmenting their assets, they can underreport the true extent of their holdings, making it appear as if they have less wealth than they actually possess. Additionally, they could temporarily transfer assets to other parties or platforms before the wealth assessment occurs, only to reclaim them afterward. This scheme exploits the decentralized and pseudonymous nature of the system, bypassing the mechanism meant to gauge and tax wealth accurately.
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