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Imagine an alternate reality where all stock holding info is public, with names attached, (Everyone's! Including yours!). There are also no insider trading rule

Imagine an alternate reality where all stock holding info is public, with names attached, (Everyone's! Including yours!). There are also no insider trading rules. Such a system seems possibly fairer and more efficient than what we have now.

tacostakohashi 5y ago
That reality sounds pretty similar to what we have. Pretty much everything of consequence is on a 13-D, 13-F, 13-G , etc.
- chii 5y ago
  the reporting time might be too long for it to matter. What is needed is instantaneous reporting.
jcpham2 5y ago
Do you mean something like a distributed, immutable, permissionless database that everyone can query?
- satellites 5y ago
  Or a well-audited public ledger overseen by democratic institutions. Bonus if it doesn’t consume the electricity of an average nation to operate.
  - jkhdigital 5y ago
    > well-audited public ledger overseen by democratic institutions Yes, because democratic institutions have such a great track record of managing things like this
    - satellites 5y ago
      As opposed to what? The wonderfully secure blockchain-based alternatives where redress for fraud and theft is still handled by… those stodgy old institutions?
      - jacoblambda 5y ago
        The alternative is providing a base network that is fully decentralised (and doesn't use a resource based proof system that is terrible for the environment). Nation states and institutions can build on top of or integrate into this base network rather than building their own walled gardens. Long term this improves auditability and protects these institutions' CBDC networks from censorship.
ProjectArcturis 5y ago
The elite would hide behind walls of shell companies.
- pyuser583 5y ago
  Not just “shell” companies. Berkshire Hathaway is hardly a shell company, but much of its money comes from investments. Same with most insurers.
- hliyan 5y ago
  Can someone create a system that stores and parses all this company registration data to instantly dereference the person behind any shell corporation?
- etaioinshrdlu 5y ago
  Maybe shell companies should not exist. Or be fully transparent.
  - collaborative 5y ago
    Shell companies, tax havens, tax loopholes... every law has a loophole and guess who makes the laws
phyalow 5y ago
No, because swaps are a thing. Ie a bank will buy a stock on your behalf in its name, write a derivative to you for the economics of the price return/loss on the side. This is very common today and has the effect of defeating disclosure requirements.

tacostakohashi 5y ago

That reality sounds pretty similar to what we have. Pretty much everything of consequence is on a 13-D, 13-F, 13-G , etc.

chii 5y ago
the reporting time might be too long for it to matter. What is needed is instantaneous reporting.

jcpham2 5y ago

Do you mean something like a distributed, immutable, permissionless database that everyone can query?

satellites 5y ago
Or a well-audited public ledger overseen by democratic institutions. Bonus if it doesn’t consume the electricity of an average nation to operate.
- jkhdigital 5y ago
  > well-audited public ledger overseen by democratic institutions Yes, because democratic institutions have such a great track record of managing things like this
  - satellites 5y ago
    As opposed to what? The wonderfully secure blockchain-based alternatives where redress for fraud and theft is still handled by… those stodgy old institutions?
    - jacoblambda 5y ago
      The alternative is providing a base network that is fully decentralised (and doesn't use a resource based proof system that is terrible for the environment). Nation states and institutions can build on top of or integrate into this base network rather than building their own walled gardens. Long term this improves auditability and protects these institutions' CBDC networks from censorship.

ProjectArcturis 5y ago

The elite would hide behind walls of shell companies.

pyuser583 5y ago
Not just “shell” companies. Berkshire Hathaway is hardly a shell company, but much of its money comes from investments. Same with most insurers.
hliyan 5y ago
Can someone create a system that stores and parses all this company registration data to instantly dereference the person behind any shell corporation?
etaioinshrdlu 5y ago
Maybe shell companies should not exist. Or be fully transparent.
- collaborative 5y ago
  Shell companies, tax havens, tax loopholes... every law has a loophole and guess who makes the laws

phyalow 5y ago

No, because swaps are a thing. Ie a bank will buy a stock on your behalf in its name, write a derivative to you for the economics of the price return/loss on the side. This is very common today and has the effect of defeating disclosure requirements.