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by bendergarcia 1670 days ago
Right but it’s like a meta company. Like, a company of anything, not just traditional businesses. Plus the whole process is totally streamlined and, outside of rug pulls, super transparent. Ownership and transfer of ownership is in front of everyone’s eyes.

It’s like what Amazon did. People could buy stuff before, but now they could buy stuff with much more ease (search, order, return etc).

2 comments

Like just an organization? A non-profit or other type of cooperative depending on your local regulations might fit exactly.

I don't see how it improves any part of the process.

You can create and fund one on Twitter over a weekend…
I just assume that could be possible with a gofundme or kickstarter platform if they were allowed to sell ownership shares to the public. I think why it doesn't happen on those platforms has more to do with the securities laws than tech challenges.
As usual, crypto is not a technical solution but rather a regulatory arbitrage solution. The technology is old and boring. Scoffing at the law, though, well that's fun and new.
> outside of rug pulls

Other than that, how was the play, Mrs. Lincoln?