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  1. Hypolite Petovan (hypolite@friendica.mrpetovan.com)'s status on Tuesday, 11-Jan-2022 16:29:50 EST Hypolite Petovan Hypolite Petovan
    Yes, this is the point this article makes, if you easily can pull your money from any system, then it becomes highly unstable as it makes politics obsolete and the group capabilities expand or contract as easily as stock market rises and falls which prevent any long term strategy.

    However, the ConstitutionDAO failure to achieve their goal shows that, even if everything goes as good as it could towards the goal (an auction is everything but a guaranteed success), it isn't that easy to take your money out as gas fees were subtracted from invested sums, which means most of the smaller investors actually lost money in the process of getting their money back as the transaction gas fees exceeded their invested sum.

    So once again, it favors the richest investors, which I feel like we already had in regular shares ownership which much lower transaction costs.
    In conversation Tuesday, 11-Jan-2022 16:29:50 EST from friendica.mrpetovan.com permalink
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