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
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.
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1P64ThNtECjBzA98VsPCMF8igPekxt1abU VerifiedRight, I have no answers for that in detail - that is why I asked the question and said "Show me the future"
Let's wait for @255 he seems to have something planned. There has to be a way to do this via Bitcoin, the rest is negotiation and risk management
Theranos comes to kind. This creates a system where Psychopathic manipulation yields investment and then there could be no recourse for lack of results so the psychopath would just move on with the investment money. How do you sell your investment?
I say it again: it is based on free negotiation, so it does not even create a system as a system is set by rules
If something is freely negotiable, it is not set by rules
Better to discuss these things via vid chat, but I'll wait for @255 solution first
You are afraid someone takes the investment and does nothing?
Bad luck for the investor then - if you invest in persons, you take the risk of them being psychopaths or thieves.
Its a higher risk investment for sure.
Question, Deggen, just brainstorming/example:
Someone gives you 50k in exchange for a 1% of your personal (!) yearly income for 5 years (just an example!)
You have no risk, he has it, but you have more money to scale/accelerate your work/ideas
Why not?
gets^* This creates an incentive to sell oneself as the best entrepreneur, rather than create genuinely wealth creating businesses and ideas. Okay - I’m done pretending to know what I’m talking about. Perhaps I should stfu and build.
Thanks for the input, I appreciate it. I just raised a question + asked for a solution.
You go and build more - give people a chance to throw money at you, directly or via company. If you dont need extra money to scale your business, then god bless you!
Thanks for raising the question. I love talking about stuff I barely understand. Makes me realise how little I know.
Maybe I’m wrong. To me it seems like ICOs. It’s not obviously bad, as people can make their own choices. However, in hindsight it allowed lots of people to scam uninformed investors out of what little they had to invest. One geta more of what one pays for
Firstly, because I don’t think anyone would take home a Million via income given the tax %. ( The break even point ) Secondly, because I value the signal that earning gives me. Taking money destroys that signal, psychologically. Thirdly, —
— because if many people do this, then we have misallocated capital. People have fiduciary responsibilities in the corp model. They have limited liability. Remove that and creative people will not risk trying ideas because they must fear the lynch mob.
A lot would go wrong.
Sure, but nobody is forced to take the risk. I just want the opportunity, if I get scammed eventually, it is my problem.
If you accept that cognitive ability is a Pareto distribution, then you ought to advocate for the reasonable protection of the less able minded investor from the psychopathic malfeasant. This helps the society avoid the opportunity cost of bad investments.
But because it wouldn’t work out for most, the investment format would fail and then you’ll end up with lemons only again.