[45963] in Cypherpunks
Re: a new idea: stocks == currency
daemon@ATHENA.MIT.EDU (Bill Frantz)
Wed Dec 27 04:41:53 1995
Date: Wed, 27 Dec 1995 00:04:26 -0800
To: "Vladimir Z. Nuri" <vznuri@netcom.com>
From: frantz@netcom.com (Bill Frantz)
Cc: cypherpunks@toad.com
At 18:22 12/26/95 -0800, Vladimir Z. Nuri wrote:
>...An I believe that future company
>stock will be considered a kind of currency issued by the company. when
>you are buying and selling stocks, what you are really doing is buying
>and selling currencies backed by different corporate entities.
Here are some differences between stocks and currencies. I don't know how
they effect your arguments, but I do invite comment:
Stocks Curriences
(1) Voting Most stock Based on residency
inplies voting not net worth
(2) Reputation availability Many stocks, Few curriencies,
reputations hard to reputations well known
find
(3) Legal backing Based on government same
(4) Dividends Commonly payed never heard of it
-----------------------------------------------------------------
Bill Frantz Periwinkle -- Computer Consulting
(408)356-8506 16345 Englewood Ave.
frantz@netcom.com Los Gatos, CA 95032, USA
