Ken's Half-Baked Ideas #6 - Why Even Bother Investing In Stocks
https://steemitimages.com/DQmfBVMptUoK2ynTpL3BKtzm3P1nzYa1Tw5LrmRMMj3tFiC/IMG_1723.PNG
Too much information. Too fast. This is the first problem.
The second problem - this information flow spills over, creating a
murky swamp of new ideas that I write down, but never have time to fully
flesh out.
The solution - put the ideas on Steemit before they’re “finished,” - drain the swamp - and let other Steemians play with the ideas they think are worth playing with.
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Which stock allows you to buy half a share? A quarter share? A millionth of a share? None that I know of.
Which cryptocurrency allows you to buy a millionth of a share? All of them, as far as I know.
If you’re a small time investor, this is a huge benefit. It means you’re able to invest even if you have very little cash to spare.
Which stock can be sent to a friend instantly? Can be used to buy and sell goods? Hmm? Only cryptocurrency can do that, as far as I know.
Which stock trading platform allows anyone in the world to create their own stock for others to invest in? With Bitshares, you can do that.
Which stock can be tied to another asset through a smart contract, guaranteeing that its value will remain stable? Sure, dividends might be able to do that, but someone could always break the contract and screw you over. Not so with a smart contract. The code will execute regardless of the counterparty’s level of honesty.
Which stock has the potential to be the financial heart of the internet? EOS has that potential. And probably others I haven’t yet heard of.
So why even bother with stocks? I mean, until they’re on the blockchain.
If you think this idea has potential, feel free to expand on it and post to your own Steemit blog.
Until next time , Sayonara, Adios, and something else I forgot.
Published on Hive on 2017-06-26. View the original post and discussion on Hive.