A social media where posts are permanent. Edits are guarded against via cryptographic signature. Deletes are guarded against via chaining. I think, with identity verification, permanence massively increases the quality of discourse. Such identity verification will become necessary soon for everyone due to AI fraud, but at any rate, I think this app would be very useful to hold public figures to their words.
I mean even $100 annually compounds to be tens of thousands over a lifetime. Furthermore, Vanguard manages like almost 10 trillion so that ends up being nearly a billion extra extracted per year.
My main issue though is that Vanguard's brand is low-risk passive, but they are now selling high-risk active funds under that brand.
Fair point. My thought is they are clearly spending money on tons of people they wouldn't have to if they were strictly passive. Presumably, if they didn't, the fees would be lower than they are now.