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It's a contract to get dividends on a loan that is based on speculation of profit (not tied to any assets). So, yes, a worse version of equity in a startup.
by pryelluw 9y ago
It's a contract to get dividends on a loan that is based on speculation of profit (not tied to any assets). So, yes, a worse version of equity in a startup.
- JumpCrisscross 9y ago> a worse version of equity in a startup Minus the enforceability or equity and bond claims. So a combination of the worst elements of equity and debt plus additional negatives. Financial innovation at its finest...
- pryelluw 9y agoIt being blockchain based makes it innovative. I mean, it's linked lists 2.0: electro bugaloo