Show HN: A new type of company to raise money and give stakeholders a voice

#1

Post by BlockchainStock » Mon, Mar 11, 2019, 9:32 PM UTC

Show HN: A new type of company to raise money and give stakeholders a voice
theblockchainstockcompany.com

Re: Show HN: A new type of company to raise money and give stakeholders a voice

#2

Post by redm » Mon, Mar 11, 2019, 9:49 PM UTC

I'm not sure how this fully differs from the concept of a COOP such as RChain[1] who is already in the blockchain space. They have annual elections; you get to vote on business directions and leadership, etc.

I feel its been problematic for a variety of reasons:

1) Most people won't participate. 2) Lack of fully informed decisions. 3) Goals don't always turn out as intended. 4) Leadership/management has to appeal to the masses.

It reminds me of our political cycle and the California prop system. I don't personally feel like those are good models to follow.

[1] https://www.rchain.coop/

Re: Show HN: A new type of company to raise money and give stakeholders a voice

#3

Post by BlockchainStock » Mon, Mar 11, 2019, 10:13 PM UTC

redm wrote: post #2

I'm not sure how this fully differs from the concept of a COOP such as RChain[1] who is already in the blockchain space. They have annual elections; you get to vote on business directions and leadership, etc. I feel its been problematic for a variety of reasons: 1) Most people won't participate. 2) Lack of fully informed decisions. 3) Goals don't always turn out as intended. 4) Leadership/management has to appeal to…

RChain is focused on the community involvement side only.

RChain is not working to solve the ICO legal problem, whereas we are working with the SEC to develop a legal framework/guidelines other businesses/startups can follow to raise capital legally using Blockchain technology.

Here, just for the legal experiment, the supporters can vote (execute the “51% attack”) authorizing the company to assign its IP to the public domain and dissolve.