Thats to allow accordancd with the law, we dont live in fairytale land. If you create a uia and sell for real money you bet your ass you will be in trouble now that they crack down on crypto ipos and transfers for equity.
You can always relinquish that control by throwing your keys.. Something you might do.
But it's ok to sell (Bit)
SHARES without registering with the SEC?
Of course. BitShares is a company! If the owning stakeholders think that will make them more profitable and grow faster, why can't a company decide to do that?
In the short term, while shares are worth pennies
...
Remember, BitShares is a company, not a currency.
It seems that Stan and Dan only want to comply with the law when it suits their best interests.
Bitshares is not issuing an ipo like a uia is essentially doing.