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Joined 3 years ago
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Cake day: July 30th, 2023

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  • These are the types of examples used, but I don’t not think it is actually good for these uses. If your account is hacked and someone takes the crypto, there is no way to reverse the transaction, now what the hackers own your company? If you can invalidate the shares and reissue new ones, then owning the crypto is not actually ownership of the company.

    Even without theft what do you do when people simply lose access to their wallets. Maybe because they forget their password or they die and they never gave their heirs the information.















  • If 20 strangers get 1/20 of a 10 million dollar mansion what do they do? The most anyone could pay for it is $500,000.

    Everyone is on here talking about how this would cause inflation, but I don’t think it would. A vast majority of this value is not in cash but in stocks bonds and property. I am more sure how you would divide up who gets apples shares and who gets 5% of their neighbors $600,000 home. But even if you were able, what is sure is that most people would want to convert their stock/bonds/property to cash so they can eat. Only problem is that no one in America would have any cash to buy up the assets. So in a market full of sellers and no buyers the value of everything will plummet.