15 sats \ 1 reply \ @gmd 12 Jul 2022 \ on: If You Aren't Trying to be Money, Why Do You Need a Coin? bitcoin
Just because it hasn't worked very well historically doesn't mean it's always necessarily a terrible idea. It would be nice for end users to be able to participate and get rewarded on the upside of a winning project.
IE uber drivers / AirBNB hosts grew the network but did not get any of the upside from growth.
Unfortunately the pump and dump marketing economics add tremendous noise as to whether you actually have product market fit.
My brother in Christ you're talking about a workers cooperative which is a business type like an LLC or a Corporation which gives shares of the company to its workers, shares which are a type of security which under US law has to be registered with the Securities Exchange Commission.
Once again, there are benefits for investors who buy regulated stocks:
https://www.investor.gov/introduction-investing/investing-basics/role-sec/laws-govern-securities-industry
I have a huge issue with what is known in the traditional world as "an increase in the total capital stock"
Info: https://www.investopedia.com/terms/c/capitalstock.asp
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