Peck by twetch#1512

1P64Th…1abU Key · twetch

Interesting conversation. I strongly disagree. Owning shares in a company !== owning shares in a person. That's called "Slavery". I assume your intentions are honorable, but there's likely a good reason to abstract investment to an entity which cannot die

twetch#22429 6.4y

Companies = persons, just formed as a legal entity, which I see as a useless middle man for me as an investors

Show me the future of investing, dont be afraid to have money thrown at you directly

YOU are the companie in the end

What the chain says

Transaction: 058f4ac6ce439d17c2e3f817565e07c138691ca1cb674f5de8482c2bc5dfc663
Block: 635 221
Time: 2020-05-16T22:51:45Z
Signer: 1P64ThNtECjBzA98VsPCMF8igPekxt1abU
App: twetch
Type: post
Content type: text/plain
References: 3cc23d3cef852b146c7797394e8d74b771423633cb45cac8dd908231f4aa60b9
Name in tx: twetch#1512

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1P64ThNtECjBzA98VsPCMF8igPekxt1abU Verified

Reposted by (1)

twetch#2022 Reposted · 6.4y

Replies (29)

twetch#10895 6.4y

1JPfyL…Yirr Key · twetch

Replying to@1P64Th…1abU

Entities which cannot die are already dead... because they were never alive to begin with. There's something to be said for the early American version of the corporate charter, which required evidence of social returns in order to be renewed. 2 sided coins

twetch#1512 6.4y

1P64Th…1abU Key · twetch

Replying to@1JPfyL…Yirr

Agreed. How interesting! What kind of social evidence was required? Can you give an example?

twetch#10895 6.4y

1JPfyL…Yirr Key · twetch

Replying to@1P64Th…1abU

There's some information here https://reclaimdemocracy.org/corporate-accountability-history-corporations-us/

Plenty of other materials out there.

twetch#1489 6.4y

1G7DLq…4kZS Key · twetch

Replying to@1P64Th…1abU

I think you met Mephisto 👹

twetch#22429 6.4y

1P3nuz…qhdV Key · twetch

Replying to@1G7DLq…4kZS

@255 did hint at he has some kind of solution or idea for what I asked for

Lets see

twetch#22429 6.4y

1P3nuz…qhdV Key · twetch

Replying to@1P64Th…1abU

Slavery historically did not involve negotiations, so it is a bold statement to compare my question to slavery as a concept

I also did not say owning shares of companies = owning shares of a person

I said companies are persons, formed as a legal entity

twetch#22429 6.4y

1P3nuz…qhdV Key · twetch

Replying to@1P3nuz…qhdV

If persons would be willing to directly let money be thrown at them in exchange for "a share of their income" they should be free to do so

Not being able to do so is closer to slavery than the idea of doing so itself

twetch#22429 6.4y

1P3nuz…qhdV Key · twetch

Replying to@1P3nuz…qhdV

legal entities are a social construct after all

with benefits of course, and good reasons to have them

does not mean we have to stick to it though, there are cases where it would make much more sense for me to directly invest in persons if they agree

twetch#1512 6.4y

1P64Th…1abU Key · twetch

Replying to@1P3nuz…qhdV

Open to the possibility of improvement on the current situation. Quite sure that I personally would never accept such an offer of investment. What happens when the living person you own a revenue share in stops working? Or waived a salary? This sounds bad.

Continue thread →

twetch#2083 6.4y

1E25VB…CVYo Key · twetch

Replying to@1P64Th…1abU

Deeply conversation. I think BSV will eliminate the corporate legal system and revert to the individual. At the same time, funding will also take individuals as the main body of legal responsibility, rather than companies. I'm drafting such an agreement.

twetch#22429 6.4y

1P3nuz…qhdV Key · twetch

Replying to@1E25VB…CVYo

Nice to meet you, Liu. Sounds promising.

I know you are on Coingeek, too. Why not write an article about exactly that?

twetch#2083 6.4y

1E25VB…CVYo Key · twetch

Replying to@1P3nuz…qhdV

Nice to see you too.I have some legal cases in hand,in time I will write.

twetch#1512 6.4y

1P64Th…1abU Key · twetch

Replying to@1E25VB…CVYo

I’m curious to see your work, while remaining skeptical. I would argue CEOs do take personal responsibility for their company. The liability is limited so that if they fuck up, they can try again. How will this agreement allow that freedom? Could be huge!

Post by twetch#1512

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