First up, the background from the New York Post:
A GoFundMe page set up to pay off the mortgage on Meghan Markle and Prince Harry’s $14.6 million California estate has gone bust — after raising a measly $110, a report says.
Anastasia Hanson, 56, of California told Britain’s the Sun that she started the fundraising effort because she seriously felt sorry for the multimillionaire royal couple — after Harry publicly whined to Oprah Winfrey about being financially cut off by Buckingham Palace.
“When they came to the USA, they were without jobs and with limited funds,” said Hanson....
....MORE
Fortunately for them, Harry's dad (if he really is Harry's dad) has people who read the Financial Times and who I assume caught this at FT Alphaville and maybe passed it along to relieve Harry and Meghan's penury:
Token citizens of the world, decentralise!
*****
To that end, a not dissimilar concept came to our attention on Monday in the shape of BitClout. The system aims to (our emphasis):
. . . create a new type of social network that lets you speculate on people and posts with real money.According to the pitch, BitClout will allow anyone to reserve a profile of any living person, which doesn’t even have to represent the person doing the reserving, and to issue tradable tokens off the back of it. This allows you to trade someone’s actual reputation. So, if their reputation takes a knock because of a scandal, it would be reflected in the market price of their profile coins, or vice versa. (Just consider the market for Meghan Markle tokens right now.)....
....MUCH MORE
We will circle back to FTAV's post this weekend with thoughts on insurable interest and some fascinating insights from the Society of Actuaries.
I'll leave you with a variation on an old joke and some behind-the-scenes Buckingham Palace:
"Meghan, Harry, now that we've established what you are, let's talk downround"
