6 ms·

Teens in subsaharan Africa.

• AaronFriel 7y ago
  I'm still not seeing how a blockchain or bitcoin plays a fundamental role here? Teens (edit: adults) in subsaharan Africa can own stock, so can most Americans. They don't and I don't think it's for lack of blockchains or digital wallets.
  • deleted 7y ago
    [deleted]
  • wgerard 7y ago
    > Teens in subsaharan Africa can own stock, so can most Americans is that true? I thought most states had age requirements for trading securities, usually the age of majority. Unless you're not trying to say that "most american teens can own stock".
    • arcticbull 7y ago
      Breaking the law is not a good reason to have a blockchain. If the law is bad it should be revisited. I've got me a theory the law is good here.
      • wgerard 7y ago
        I'm not arguing for a blockchain solution here, fwiw. Just pointing out that people under the age of majority are, in fact, restricted from trading securities (for obvious reasons).
    • AaronFriel 7y ago
      Ah, you're probably right there. Okay, people of the age of majority in sub-Saharan Africa can own stock. I did mean "most Americans", not most teenage Americans. I think OP was probably making a point about access to resources and markets, not age related legislation.
    • gamblor956 7y ago
      The US does not have age limits on stock ownership.
      • wgerard 7y ago
        while true, most brokerages have age limits on executing transactions (which effectively results in the same thing)
• wmf 7y ago
  Why can't someone build a non-blockchain Robinhood-style brokerage allowing teens in subsaharan Africa to buy stocks?
  • wgerard 7y ago
    most brokerages i think wouldn't touch underage trading with a 10-foot pole, for obvious reasons.