A Derivation of Crypto-Currencies - Bitshares - the end of stock markets are we know it?
The investment business world is dominated by the transactions of equities in small, medium and large enterprises.
These take place is stock markets and broking-houses all over the world. This is a multi-trillion dollar business.
It is vital for global business that this market is operating and healthy.
With the rise of crypto-currencies and the technology and ideas behind them: I also see an alternative to traditional equity purchases and holdings - "the Bitshare".
Just as exciting as Bitcoin and friends: The Bitshare is even more persuasive. Whereas with Bitcoin you need to convince the holder of the coin that it has some value. With Bitshares - there is value: It is the proportion of the companies' stock that it represents.
Stock markets and broking houses cream off a small but very significant percentage off each transaction. This has made stock brokers the world over, extremely wealthy. And hence, like Banks, make themselves targets of the crypto-currency revolution.
I believe that if a company was to issue equity stock in the form of crypto-shares these could be issued very simply by an company and then traded in the same way that shares are currently traded on the markets: by being transferred from one owner to the next. But they would be transferred directly without entering any market as such. Simply transferred in the same way as Bitcoin via a wallet, and the verified in a public ledger.
As such they will be "bearer shares" i.e. owned and due dividends (paid in Bitcoin of course!) by the person who has the shares in his possession. Traders will will also benefit from the zero-percent sending and receiving costs, making business more fluid, as this is one of the primary benefits of crypto-currencies and there derivations such as these bitshares.
We would probably still need centralised markets like we have today like the NASDAQ or the LSE, but these would certainly not be physical anymore, and would only contain "listings", such as Offers for sale. And would not actually trade the items themselves. That sounds like a good idea for a web site!
Exciting and lucrative times ahead!
These take place is stock markets and broking-houses all over the world. This is a multi-trillion dollar business.
It is vital for global business that this market is operating and healthy.
With the rise of crypto-currencies and the technology and ideas behind them: I also see an alternative to traditional equity purchases and holdings - "the Bitshare".
Just as exciting as Bitcoin and friends: The Bitshare is even more persuasive. Whereas with Bitcoin you need to convince the holder of the coin that it has some value. With Bitshares - there is value: It is the proportion of the companies' stock that it represents.
Stock markets and broking houses cream off a small but very significant percentage off each transaction. This has made stock brokers the world over, extremely wealthy. And hence, like Banks, make themselves targets of the crypto-currency revolution.
I believe that if a company was to issue equity stock in the form of crypto-shares these could be issued very simply by an company and then traded in the same way that shares are currently traded on the markets: by being transferred from one owner to the next. But they would be transferred directly without entering any market as such. Simply transferred in the same way as Bitcoin via a wallet, and the verified in a public ledger.
As such they will be "bearer shares" i.e. owned and due dividends (paid in Bitcoin of course!) by the person who has the shares in his possession. Traders will will also benefit from the zero-percent sending and receiving costs, making business more fluid, as this is one of the primary benefits of crypto-currencies and there derivations such as these bitshares.
We would probably still need centralised markets like we have today like the NASDAQ or the LSE, but these would certainly not be physical anymore, and would only contain "listings", such as Offers for sale. And would not actually trade the items themselves. That sounds like a good idea for a web site!
Exciting and lucrative times ahead!
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