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RE: Centralized Steemit

in #partiko6 years ago (edited)

Interesting thought experiment. While there is no inherent reason a company's stock couldn't be used as a currency like in Steemit, for it to be valuable in the wider world it would need to be listed on a stock exchange, and stock exchange rules and well as regulation of public companies would generally make this system impossible.

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Yes, agreed there. But the main reason for this thought experiment is really to see if there's something of comparable value, not whether it is practical to make this system :) . In this scenario, I would also imagine the stock wouldn't be used as a currency at all, and it would be purely treated as equity.

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