[adrianwaj]

This makes so much sense, especially with the rise of crypto Payment Cards, although I like the idea of keeping things crypto-native (eventually!)

Next step will be to allow founders to capital raise on the blockchain but do it in a way where they don't dilute control even if they do dilute ownership. That could be achieved by having a large number of token buyers to prevent third-party ownership concentration. But could they merge into a voting block?

Surely this has been done before? Is there any way to make newly issued tokens equivalent to conventional equity so no rug-pulls? Are Decentralized Autonomous Organizations currently being used to this effect?

Imagine distributing a firm's revenues directly to shareholders in real-time. Everything stays on the blockchain. That's crazy!

[codethief]

> Imagine distributing a firm's revenues directly to shareholders in real-time.

1) You surely wouldn't want to distribute the revenue but the profit. 2) You still wouldn't want to distribute the profit in "real-time" (whatever that means exactly). Part of the profit usually gets re-invested or put in a reserve, and so the company leadership must actively make a decision how to use the profits vs. what part to distribute. You can't make those decisions on a continuous "real-time" (say, daily or weekly) basis, though. This needs analysis, planning, etc.

[adrianwaj]

I don't know the answer but it's an interesting problem to have.

Instant redistribution can be seen as a cost-center and entice strategic investors to work in the background for the firm. I am thinking like a Paid Advisory Committee.

It's really about getting the ball rolling sooner in terms of investor returns. If it's going to happen, why defer it? It could also be at the discretion of the investor.

Good points, though.

[arbol]

Related: metamask announced you can invest in shares via their extension yesterday. The tokens are ec20 versions pinned to the shares or something. Managed by a 3rd party though, and only available in the US.

[adrianwaj]

https://metamask.io/news/metamask-adds-tokenized-us-stocks-e...

Binance moving in a similar direction. I was thinking more in the realm of early-stage private equity. I think Switzerland is in the process of allowing it but there are significant hurdles.

https://gemini.google.com/share/b06020007217 (see bottom)

A black market may arise for this sort of stuff. People won't want to be locked out of investing due to not being eligible due to lack of High Net-Worth status. Is that even validated on the blockchain? Maybe such investing could be classed as gambling in certain places.