Twetch ·
I agree with Deggen. Companies are a social fiction, an abstract invention, just like money, that allows for human cooperation and risk taking on scales never before possible.
https://twetch.app/t/0dd94acc7fc1bc88d16ccb1a509d01a9b66cae9f74df0a440bf862bfca0f7532
Replies
Twetch ·
discussion was not about whether companies as a legal entity make sense or not (btw: they do make sense)
question was if there is any way for investors to directly invest into persons, too
While most just talk, @255 did hint that he has a solution soon.
Twetch ·
Love Jack, but hinting is also just talk. What is your ideal end scenario? Could you achieve your end by investing in all the apps that Josh is a part of?
Twetch ·
Investing directly in apps, lets say participating a certain % of an "app's income" is a nice thought, too. I guess most apps would be offered by a company in the end, but not all.
Let us work through this as an example real quick.
Twetch ·
Have not looked into Baemail yet, but I assume you profit from all the interaction in Baemail.
So lets say there is a "main Baemail" BSV wallet, where your profit goes.
Would you take money and in exchange give the investor a certain % of all income from
Twetch ·
from that "main Baemail wallet" for a certain time? (all negotiable of course, question of details)
That would be interesting. Investors help you to scale, you have no risk taking the money other than let them participate from the income
Classic investing
Twetch ·
And the investor would not have to care whether Baemail is a company or just Deggen as a private person
All risks are on the investor's side, he has to do his job to find out if you are capable and trustworthy
again: classic investing
Twetch ·
Totally agree. This is a good idea. Right now I run a script which pays out a percentage of Baemail revenue to a split of Paymails, with this concept in mind.
Twetch ·
My twetch didn't send in followup -- "To clarify - we diverge at this point. Pehaps this is a crack in the idea itself. I think it DOES matter whether this is an app or a person."
Twetch ·
I think this is also what @255 mentioned at CG London with his "in and out" investment plan (not sure how it was called)
Next step is your private "main Deggen BSV wallet" to let investors participate. I agree it sounds scary though!
Twetch ·
But since Deggen would set the rules and not accept any shady offers, I would not see a problem.-
You are in full control. The investor depends solely on you and the deal is mainly set by what you accept. Nobody can force oneself into your income!
Twetch ·
Every exchange has too sides. The problem is if you give the investee full control then you attract psychopaths who feel it is their duty to use their superior intelligence to defraud the ill informed investors.
Twetch ·
I dont see it as our job to protect ill informed investors
ill informed investors = bad investors
But thats a whole other discussion about how much regulation should be in investment in general.
Twetch ·
Since many were talking of "slavery" here...
If anything, Deggen would enslave the investor, not the other way around.
Twetch ·
You are the company. Deggen is Baemail.
Twetch ·
Yes, "investing in app" and "investing in person" is not the same thing. Agreed!
The latter is not impossible though and should be doable via Bitcoin, as long as both sides negotiate a free deal. I dont know why so many argue like it was a thing by force
Twetch ·
It's not your job, no. However, if you want to live in a productive society then it is in your best interests to minimise poor investment decisions, because of the opportunity cost this has on the economy as a whole.
Twetch ·
Totally. There can be regulations for the "invest in person"-thing, too. Would never say this should be completely unregulated. It is doable
Twetch ·
No. Baemail is a brand name owned by Probatus Ltd.
Twetch ·
And Probatus Ltd. is who? I guess Deggen, in the end.
Companies are a social and legal construct. They are essentially persons, real private persons.
But now we circle around
Twetch ·
Or rather hinting might be more a market test. Gauge interest before continuing perhaps. Guide language to market.
Twetch ·
It does sound scary! That's your subconscious figuring out the danger before you are consciously aware of it. Perhaps slavery was an exaggeration. Indentured servitude might be more accurate. The point is - once agreed - one cannot escape.
Twetch ·
Escape mechanisms are a question of detail
I wouldnt let someone participate from my income forever.
Set a date. Limit the investors participation. Do it for 1 year first or whatever. Maybe even monthly, weekly?
BSV makes it possible
Twetch ·
Probatus Ltd !== Me The social legal construct is there for the reasons we have been discussing. Thank you for the lively discussion. Good day, Sir. Exeunt Deggen
Twetch ·
When you called them a “useless middle man for me as an investor” I would say the exact opposite has proven to be the case over time.
Twetch ·
I would want both options to be available with a good, preferebly Bitcoin driven technical solution: investing in companies and investing in persons directly and see where it takes me.
Twetch ·
Neither.
Twetch ·
Show us the future then, we need it