chadlupkes on Nostr: There's a misconception that I see a lot in the Bitcoin world that stocks will no ...

There's a misconception that I see a lot in the Bitcoin world that stocks will no longer be bought or sold once Bitcoin becomes the global monetary foundation. I believe that is foolish. People will still want to aggregate capital in order to accomplish things that are beyond the ability of a single individual, and these collective enterprises will still want to earn a profit on their transactions. We're not going to see that idea disappear. And I also don't believe that return of profits to shareholders is going to disappear either. Bitcoin represents a replacement of the monetary foundation, it is not going to result in the complete elimination of all of the economic and financial systems that operate today. It's going to make them more honest, because we will be able to see at the transaction level what they are doing with our money, but it's not going to eliminate them.