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Goodbye NFTs... Hello tokenized SpaceX and OpenAI

Solitaire

Neoclinus blanchardi
Solitaire
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Jul 25, 2001
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Blockchain-driven platform to mimic stock trading, allowing users to buy shares of SpaceX, other hot private companies


Republic, a New York-based investment startup, is offering users exposure to SpaceX by issuing a "tokenized" representation of its shares.

The company will begin selling the digital tokens this week and eventually plans to expand the offering to other private companies like artificial intelligence darlings OpenAI and Anthropic, as well as Stripe, X, Waymo, Epic Games and more. The Wall Street Journal first reported the story Wednesday.

"We're talking about delivering products to retail investors that they've have been held out of previously," Republic co-CEO Andrew Durgee told CNBC. "The fact that retail investors couldn't own pre-IPO SpaceX has always been crazy to us. Now that's going to be attached to the upside of these pre-IPO businesses. The businesses that we target out of the gate we want to have a retail focus, or at least significant retail following."
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Same deal as NFTs... I cannot stop laughing.
 
microstrategy is an interesting company as well. instead of buying bitcoin yourself, you can buy shares of microstrategy, who just takes your money and buys bitcoin

realinvestmentadvice.com

A Ponzi Scheme: The Graph Driving MicroStrategy And Others

Explore the dynamics of a Ponzi scheme through Bitcoin. Understand how capital influences crypto prices and market behavior.
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TragicMonkey said:
Why do people blow their money on things "that are like investments" instead of, you know, actual investments?
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They don't want 10% or so annual returns they want to quintuple their money overnight. They are scratchers buyers writ large.
 
TragicMonkey said:
Why do people blow their money on things "that are like investments" instead of, you know, actual investments?
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Rich people have more money than they know what to do with. Literally.

Rich people make money off of investments, but in the real world there is a limit to the number of things that they can profitably invested in. If all the decent opportunities have been bought up and you still have money to invest, how are you supposed to make money?

Well classically, there are three ways to make money in the financial sector. Profitable investment, economic rent seeking, and fraud. If there are not enough profitable investments to go around...

This is a serious problem which is causing problems for the rest of the economy. Clearly, the solution is tax cuts for the rich, right?
 
Random said:
Rich people have more money than they know what to do with. Literally.

Rich people make money off of investments, but in the real world there is a limit to the number of things that they can profitably invested in. If all the decent opportunities have been bought up and you still have money to invest, how are you supposed to make money?

Well classically, there are three ways to make money in the financial sector. Profitable investment, economic rent seeking, and fraud. If there are not enough profitable investments to go around...

This is a serious problem which is causing problems for the rest of the economy. Clearly, the solution is tax cuts for the rich, right?
Click to expand...
I doubt this sort of thing is for the rich. Except for the very-newly rich, like lottery winners, maybe. Rich people who are accustomed to investment won't be the ones rushing into newfangled fads. If they "still have money to invest" they add it to the rest of their normal investments. There's no upper limit, you know. If I had twenty million in index funds and came into another ten million I'm not going to buy magic beans or made-up electronic clown tokens: I'm going to have thirty million in index funds and make even more money the same way I currently am.

I think things like this are for the wannabes, the people with some money but little sense, who have no patience. Worse, they think they're smarter than they are, and that they have somehow found a shortcut to wealth that all those boring old fogeys who already have wealth just aren't smart enough for.
 
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