@[email protected] to [email protected] • edit-21 year agoWhat isn't illegal but should be?message-square344fedilinkarrow-up1151
arrow-up1151message-squareWhat isn't illegal but should be?@[email protected] to [email protected] • edit-21 year agomessage-square344fedilink
minus-squaretheksepyrolinkfedilink7•1 year agoWhy wouldn’t companies just set themselves up as the exchanges in that scenario? I don’t think it would functionally change anything
minus-square@[email protected]linkfedilink2•1 year agoI’m envisioning stock as a sort of non-transferable contract between you and a company. There would be no way to pass the stock to a third party.
minus-square@[email protected]linkfedilink2•1 year agoThe way it originally had value. You are loaning the company money and betting they are successful enough to pay you back with dividends.
Why wouldn’t companies just set themselves up as the exchanges in that scenario?
I don’t think it would functionally change anything
I’m envisioning stock as a sort of non-transferable contract between you and a company. There would be no way to pass the stock to a third party.
Then how would the stock have any value?
The way it originally had value. You are loaning the company money and betting they are successful enough to pay you back with dividends.