Chapter
The difference between paper equity and digital assets
2:01:11 - 2:07:07 (05:56)
Digital assets incentivize people to build out a network, whereas paper equity incentivizes people to build out a company. The SEC's attempts to regulate digital assets are hindered by their inability to make the analogy to paper equity.
Clips
In this episode, the speaker explains how individual efforts can boost the value of equity in a way that cannot be done with dollars.
2:01:11 - 2:02:37 (01:25)
Summary
In this episode, the speaker explains how individual efforts can boost the value of equity in a way that cannot be done with dollars. He addresses the concept of dividends and how it has been abused in practice by companies.
ChapterThe difference between paper equity and digital assets
Episode#606: Balaji S. Srinivasan — 5-10-Year Predictions, How to Start a New Country, Society-as-a-Service (SaaS), Bitcoin Maximalism, Memetic Warfare, How Prices Are Born, Moral Flippenings, The One Commandment, and The Power of Missionary over Mercenary
PodcastThe Tim Ferriss Show
A digital asset incentivizes people to build out a network, similarly to how a paper equity incentivizes people to build a company.
2:02:37 - 2:07:07 (04:30)
Summary
A digital asset incentivizes people to build out a network, similarly to how a paper equity incentivizes people to build a company. However, journalists and government officials alike are trying to pathologize the issuance of digital assets and make baseless enforcement actions, which can harm reputable companies such as Kick.