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I see the similarities there. However, isn't there a fundamental difference in stock valuation and a currency? The currency can't "go out of business", as it's
by LMYahooTFY 9y ago
I see the similarities there. However, isn't there a fundamental difference in stock valuation and a currency?
The currency can't "go out of business", as it's entire existence is a speculation. Anyone using a given currency speculates that it will be accepted tomorrow.
- andruby 9y agoGood point. That is indeed a fundamental difference. It probably also points to a large difference between a new blockchain _Currency_ and a token _Asset_. The latter often being a proxy for company shares in an ICO.
- LMYahooTFY 9y agoWas this the idea underlying the DAO? I haven't read much into it, but my impression was that it was essentially mandating signatories to a contract in order to make desired changes. Using this crypto-tech would make it impossible to circumvent and screw another party.