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My startup is, in fact, disrupting the custodial stock ownership space right now and we grew out of a FinTech hackathon last year. I'm joking of course, but it
by colinbartlett 11y ago
My startup is, in fact, disrupting the custodial stock ownership space right now and we grew out of a FinTech hackathon last year.
I'm joking of course, but it's only a matter of time until someone tries to Uber (can we make that a verb?) their way over these regulations. And fails miserably at it.
- zitterbewegung 11y agoWe would need a verb that encompasses general infringement of laws that isn't trademarked. Also it would have been called someone trying to YouTube their way back a few years ago.
- bronson 11y agoNapstering?
- zitterbewegung 11y agoThat is perfect!
- zitterbewegung 11y agoThat is perfect!
- tedunangst 11y agoBut who would use it? As far as I know, the banks are pretty happy with this system. And while it's possible to be "that guy" with paper stocks, it's a pain in the butt since you can basically only trade them with people you find on Craigslist. A single centrally managed monopoly seems to be exactly what everybody wants.
- erichurkman 11y agoAs-is, if you hold a paper stock certificate for a privately-held company, you likely cannot sell it. Private stock typically has transfer and sales restrictions; you can only sell if the company approves of the sale or transfer.
- ars 11y ago> since you can basically only trade them with people you find on Craigslist. You can sign them and send them in to your broker.
- deleted 11y ago[deleted]