Oddbean new post about login | logout Are you against compagnies offering stocks to receive financial help and grow their buisness?
No
What about one that isn't regulated by the government?
I don't think you can set up a trustless model since you have counterparty risk by definition. So I think it must be regulated in some way to prevent securities fraud. I think the government is a good solution. Unregulated wouldn't fly. But re government, open to alternatives. Some governments / jurisdictions are more worthy than others too.
I 100% see what you mean, but if people buy shitcoins backed by nothing more than memes, why wouldn't anyone buy my shitcoin (openly marketed as a stock) to help me and invest in me? Obviously everyone has to trust I won't just dump on them and disappear but ai feel like the idea is not totally absurd.
Well, I think firstly, scale is important. Are you looking to have a business partner or two, or are you looking to go public and raise capital that way? A business partner shouldn't be too worried about you running away. They'd know you on a personal basis and would have a say directly before you go spending any money. Or you could crowdfund. Raise capital, and pay them back with product not equity. But fuck it, if you want to raise capital and people want to invest in you, go ahead. Beaurocracy is expensive, maybe you don't want to spend half the money raised paying intermediaries.
If your marketing is good, it seems like you can sell air these days. But also depends on the crowd you're selling to. You can also minimize trust in different ways, like a multi-sig treasury, transparent accounting, etc.
"Wouldn't work" maybe. It requires more trust. But, would it be be wrong for me to try?
If I had more experience in it then no, not against it.