I believe the distributions of Apple, Microsoft, Google, Facebook, and Netflix stocks are unfair. Everyone in the world should be able to buy shares at their IPO prices today. It is totally unfair. waaaaaaaaaa
Envy is such an ugly thing. Don't you think?
Oh, and if anyone wants to get Maxcoin at an early adopter price of $1, I'll be glad to sell up to 1 million of them.
No, those shares don't pretend to be decentralized business, so they don't have to be distributed fairly to be useful.
They don't pretend to become medium of value exchange and don't have goal of price stability (though funny thing that they are more stable than majority of crypto).
But considering that they are based on income from useful services, they would be best candidates for crypto if distributed widely and fairly as a token redeemable for their services. Currently Google does not offer any service in exchange for it's stock. But if this stock is to become currency - it must do that. It's like with trading oil through dollars. Why not skip conversion into dollar and pay for appengine, ads, gmail with Google tokens ? Why not pay Microsoft with msft tokens ? Why people are not allowed to prepay for future services from these companies but only allowed to speculate with their stock ? The answer is - taxation that requires everything to be valued in fiat disallowing barter of service in exchange for tokens.
How do I know if maxcoin will not significantly drop in price ?
What kind of tech does it have making it fundamentally successful ?