฿ully esq.

I’m sorta drunk and this is off the top of my head, but I’m sick of bs tokens not representing anything but speculative vaporware. Got a startup idea? Use reg d or reg a to raise money and give investors equity in the form of tokenized securities. Don’t just exitscam shit

This tech is PERFECT for corporate formalities like cap tables and equity distribution. People just need to shift their mindset from it being a product to it being a backend infrastructure.

And there are actual mechanisms to achieve this. The idea of settling securities via the blockchain is brilliant. Imagine how easy is it to sort out a 200-person esop via smart contracts. Trying to do that via signed esop grants is a fucking nightmare. I’ve done it.

For this to actually work, tokenized securities have to act exactly like securities! I.e. each token has to represent a small portion of the actual company, not just access to some network. Investors don’t want coupons- they want skin in the game.

You can use them to access the network! How tho? Uhh they’ll go up in value! How tho? Secondary markets! Are these legitimate? Tokenize the world!!! Can I have my money back? Sorry, the disclosure docs note they have no value.

The fucked up thing about tokenized securities is that no one actually gives up equity in their company. “Here, have these shitcoins in exchange for working capital. But they’re worthless and don’t represent a stake in the company.” Founders having their cake and eating it too

Just FYI, you can buy an entire bitcoin at once.

I’m such a wage cuck but I fricken love leaving work on Friday afternoon

“A ship in the harbor is safe but that’s not what ships are built for.”

Get Destro to 3500. And maybe with some gear in the process.https://twitter.com/listendestro/status/1012417386065035270 …

Juice cleanse. But for shitcoins

I bought $eth for $10 *last year*. Last year! It’s at $421 right now. If this is the bubble popping, things could get a hell of a lot worse. Or maybe we have a huge bounce this weekend. But the trend is bearish. And the bull trend lasted longer than I expected.

I heard it would be really fun to dump $etc to $10