cryptoleft

If stocks didn’t exist, Elon, Bezos, and Thiel wouldn’t be megabillionaires. They’d have to pay themselves and their investors with real income not with this funny money that they can’t actually sell without it rapidly depreciating. All of the insane things rich people do with borrowing money to acquire things essentially for free is because stocks exist, and thus merely eliminating one thing (shares of companies) would radically reshape the world we live in, what wealth means, and the nature of power.

Discuss.

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Totally agree, that's what US debt is about, they just keep getting richer but in reality they're going deeper into negative numbers lmao spending what they haven't earned and getting deals on what's not in their pockets to pull out

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Quite painful for a monetary system but then remember how many times did it happen through history?!

Crypto is one thing we've got now though that have potential to hold value no matter what the global currency is, through centuries

Some people still digging up unknown coins from the ground which cost nothing but with crypto it could be worth and be used whenever it's picked back up

I guess the only way for all of it to collapse in the end, there's no fixing it

Feel the same way, on the crowdfund many things came out of it like Exploding kittens game which I ordered recently and it's now a kind of big gaming company lol

A lot of them fail though but that's a valuable experience and feels a bit like memecoin trading, some of them deliver, most are forgotten soon after launch

Not sure I know any cooperative examples, but this year I got to work with many based projects and today with the launch of warped I got a % of supply which I think, so far, is the best way to reward collaborators:

- Free open decentralized market to do whatever you want with it whenever you want, can put into LP or sell or hold till the project grows/keep contributing to it's growth

Yeah that’s what inspired this honestly. Like I want there to be some way for shareholders to benefit from investment of time (AND LABOUR) into a company, which is why I’m a fan of cooperatives. I also like P2P/protocol lending to counter the way banks arbitrarily exclude people, and crowdfunding/presale of products is cool too as far as seed funding new ventures, but stocks, I dunno they feel like a trick we’ve all been told to buy into so investors can dump on us and the company doesn’t have to pay back what the funding the receive