Critique this idea
pmichaud: If you're at all familiar with how shares are traditionally divided in a business, then you'll realize this is no trivial matter. If you want to think of an individual operating agreement or charter as an "implementation," then the complex negotiations, armies of lawyers, rounds of iterations, and continuing amendments to these documents are a lot like a huge enterprise app.What happens when we decide, like businesses, that we need new classes of shares? Who gets paid first? Who has "voting rights"? What's the process to to pursue remedies if you feel you've been cheated, or that the "board" (project owner and his lackeys) has operated in bad faith to defraud share holders?This is a complex issue even before you hit the psychological problems that others have already raised.What I'm saying is that shares can't really divided in a trivial, algorithmic way. I like the idea in theory, but I think it's impossible to correctly implement.