> So what would happen if you made your own "stock market"... Let's say someone like Elon Musk wanted to launch a personal IPO. He raises $1B for a share of h

> So what would happen if you made your own "stock market"... Let's say someone like Elon Musk wanted to launch a personal IPO. He raises $1B for a share of his personal wealth. There's instantly a value floor, because if his total market valuation becomes less than the amount he raised he can always buy back his own stock and he gets a bargain on the money raised. E.g. if the IPO price was $1 per share, and now the market is $0.90 per share, he effectively gets a 10% discount on money he originally raised back at the IPO -- hence the value floor. Bitclout is nothing but a popularity contest with the participants hoping a greater fool will buy in after they do.