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> ...leaves control in the hands of a small number. Yes but it would still provide a considerably larger number of controllers (and with more diverse interests
by uncletammy 7y ago
> ...leaves control in the hands of a small number.
Yes but it would still provide a considerably larger number of controllers (and with more diverse interests) than our current system.
> In practice this is both hard to do (denominator issue) ...
Excellent point here. It would be incredibly difficult.
Here's a thought though ...
Warning! I'm about to talk about cryptocurrency. Everyone might want to put on their futurism hats and keep their downvoting finger at bay, at least until I finish.
This problem wouldn't be very hard at all to solve in a world where the bailout currency has similar properties to blockchain based cryptocurrencies. Company shares could be issued as an "airdropped" token to everyone holding the currency at the block height during which the bailout is agreed upon. Those tokens could be used directly to vote on shareholder matters and in a way that is fully fair and transparent.
Yes I know. We are still many decades (and maybe centuries) out from a world in which cryptocurrency actually works how it's meant to. One day though...it's gonna be glorious.
Alright, I'm done. Downvote away.
- pasabagi 7y agoI didn't really follow the blockchain thing - but now I'm curious - is blockchain (as tech) essentially money with built-in metadata? The whole 'proof-of-work' thing seemed a bit potlatch to me, but building publicly-accessable metadata into money seems like an interesting (although possibly scary) idea.