Ep. 270 Introducing infineo Marrying Whole Life with Blockchain Technology
Bob officially describes his new role as Chief Economist with infineo. He first explains the mechanics of Whole Life insurance policies and their use as cash management vehicles. Then Bob summarizes the first infineo whitepaper, which explains the $SOUND token, a security token that represents a fractional claim on the aggregate cash value of a pool of Whole Life policies.
Mentioned in the Episode and Other Links of Interest:
- The infineo website.
- Bob’s podcast with Cole Snell, FOUNDERS FORUM.
- Link to view infineo whitepaper 1.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Why would you need a bLoCkcHaiN/tOkEn for this, instead of a plain old database?
Presumably because a plain old database requires trust in a centralized authority, and a blockchain database does not. Hopefully infineo is open sourcing their tech and doing things the right way, and not just creating yet another ScamCoin.
(1) I’m pretty sure this idea requires a central real guy making the final decisions (who decides who’s eligible?), not to mention all the government controls. Adding a tOkEn on top of this mess is ridiculous and pretty clearly a scam? (2) Only bitcoin’s bLoCkcHaIn database is decentralized, for a plethora of different reasons.