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@thumbsup.eth
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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@baseddesigner.eth
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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@thumbsup.eth
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
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$degen ¢ummunist
@degencummunist.eth
If we did the Venture Communist thing those stocks wouldn’t be perpetual infinite income but rather a fixed rate of profit deliver in a set amount of time is reasonable to me for lending money but it also shouldn’t be extraordinary amounts of return either. I.e. like all business loans work except instead of a fixed rate, it’d be a fixed percentage of shared income through dividends that pays off the loan so if biz goes great rapidly, then you pay it off fast and without much interest, if it’s slow but sure growth then it gets paid off eventually, with extra interest made in the end.
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@baseddesigner.eth
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
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