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A lot of friction, paperwork, time, lawyers involved. You can use a boilerplate DAO and raise millions because of a meme that takes off, and the shareholders ar
by seibelj 5y ago
A lot of friction, paperwork, time, lawyers involved. You can use a boilerplate DAO and raise millions because of a meme that takes off, and the shareholders are liquid immediately. For good or bad you must admit this is novel.
- thawaya3113 5y agoYou can do exactly the same thing without regulation. Regulation exists because the alternative is what’s happening. More than half of these are scams where people are running with the money. And the majority of the rest are people buying a copy of Dune thinking they now own the rights to it.
- seibelj 5y agoDo you have any statistics to back up your claims of “more than half”? It just sounds like baseless attacks and dang said to be productive in this convo.
- qeternity 5y agoGo back and look at the history of the earliest corporations and also why certain cities are known for stock exchanges. This is exactly the state of securities issuance and trading a few hundred years ago.