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You forgot no share dilution in this offtopic tangent. Every stock out there can double their issuance if they want to.
by BelenusMordred 6y ago
You forgot no share dilution in this offtopic tangent. Every stock out there can double their issuance if they want to.
- vermilingua 6y agoAs can bitcoin, and it would only take a soft fork.
- WrtCdEvrydy 6y agoYeah, but you have to have people switch to that chain. Miners won't because it would devalue their coin. New buyers might because they can "buy cheap"
- optimiz3 6y agoIt wouldn't be Bitcoin then; a change in rules creates a new coin. There would have to be incredibly strong incentives for people to accept a fork that would debase their assets. Nit: it would also require a hard, not a soft fork.
- BelenusMordred 6y agoThere's a soft fork coming up for taproot requiring a super-consensus of 90% miners. It will likely go through and still be bitcoin afterwards. Thinking you might not understand the difference between the various types of forks the protocol can undergo. https://taprootactivation.com/ https://taprootactivation.com/
- ric2b 6y ago> and it would only take a soft fork. No, it would be a hard-fork and be rejected by all nodes that weren't explicitly updated to accept it.
- auc 6y agoYeah, but if they did this, they would be raising cash to deploy. Presumably in an attempt to grow their business and create actual value.
- ric2b 6y ago> Presumably in an attempt to grow their business and create actual value. Or not, you don't know. Maybe a friend of the board wants to have a controlling stake in the company and that's the reason.
- scatters 6y agoA share offering doesn't make existing stockholdings worth less. Usually, they benefit, because it gives the company increased working capital to invest in projects.
- ric2b 6y agoIt (in theory) doesn't reduce the _market cap_, but it reduces the voting power of existing stockholdings and that is certainly bad for those shareholders.