Sunday, April 2, 2017

Is crowd funding a ledger service or a trading pit?

The crowd funding service says, the system shall sell shares in the new company until 100k has been reached or a year passes, in which case the money is returned.

Now, we get competitive pricing, but the timeout is known! However, you get ownership shares.  The money collected should climb like a wiener process.  I call it a hybrid. like tokenization, block chain; it falls on the boundary between pure cash and smart contracts.  Also, if the shares can be re-traded before the contract ends, then is mostly a trading pit.

We should crowd fund a generic trading pit built to the Redneck architecture, a sure winner.

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