Nostr Web Client

It’s an old JD Rockefeller saying, he was a huge proponent of using trust structures and clever corporate structuring so that non of his assets were held in his name, however he still had full control of their operation. No one could take anything from him, because on paper, he didn’t own anything ,

Orange Thoughts 1mo ago 💬 1

Ok, got it. But every trust has juristical risk, right? What happens if the sate, the trust is incorporated in, decides to confiscate your trust?

Reply to this note

Please Login to reply.

Discussion

ReidScar 1mo ago 💬 1

Every structure has jurisdictional risk, but a well-designed international trust is one of the most resilient legal mechanisms in existence. Confiscation is only possible if the entire legal system collapses. With the right jurisdiction, professional trustee, and multi-jurisdiction setup, that risk becomes extremely small.

Orange Thoughts 1mo ago 💬 1

Thanks for the explantion. To me it sounds expensive, complicated and inferior to Bitcoin in multisig self custody.

ReidScar 1mo ago

You are probably right when it comes to BTC, but there’s certain assets you can’t hold in cold storage haha