Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
I already told you why it's economically impossible, but you didn't quote that explanation.
Better tell owners of these investments then since I don't think they read your explanation either
Anglo American (Yield: 15.3%)
BHP Billton (Yield: 11.6%)
Glencore (Yield: 11.4%)
Vedanta Resources (Yield: 10.6%)
Amec Foster Wheeler (Yield: 10.4%)
Standard Chartered (Yield: 9.8%)
Rio Tinto (Yield: 8.1%)
Royal Dutch Shell (Yield: 8.1%)
Aberdeen Asset Management (Yield: 8%)
https://yourlogicalfallacyis.com/the-texas-sharpshooter
Some investments will by definition out-perform while others under-perform. Duh. Variance is a thing.
It would be impossible for all stocks to underperform, because that would change the benchmark. Again, duh.
I didn't claim the zero-marginal-profit equilibrium is attained instantly. Do you know what the terms "friction" and "incomplete information" mean in economics?
Those stocks you listed? They do well some years, which you've cherry-picked, and worse other years.
You have to take your money out of the bank to gain exposure to those stocks, in contrast to the snake oil claims of Evan Scamfield.
The interesting thing is they exhaustively disclose the potential risks to investors, rather than advertise in advance blanket claims of ""8-15% return on your money in the bank."
Evan Scamfield makes no such legally required disclosures in his get-rich-quick MLM HYIP marketing. And you don't bat an eye, just like a OneCoin pumper.
The only way to avoid such disclosure is to be privately owned, which contradicts Dash's pretense of being a DAO.
http://www.inc.com/encyclopedia/sec-disclosure-laws-and-regulations.html
Quote
Small businesses and other enterprises that are privately owned may shield information from public knowledge and determine for themselves who needs to know specific types of information. Companies that are publicly owned, on the other hand, are subject to detailed disclosure laws about their financial condition, operating results, management compensation, and other areas of their business. While these disclosure obligations are primarily linked with large publicly traded companies, many smaller companies choose to raise capital by making shares in the company available to investors. In such instances, the small business is subject to many of the same disclosure laws that apply to large corporations. Disclosure laws and regulations are monitored and enforced by the U.S. Securities and Exchange Commission (SEC).
All of the SEC's disclosure requirements have statutory authority, and these rules and regulations are subject to changes and amendments over time.
All of the SEC's disclosure requirements have statutory authority, and these rules and regulations are subject to changes and amendments over time.
https://www.law.cornell.edu/cfr/text/17/229.305
17 CFR 229.305 - (Item 305) Quantitative and qualitative disclosures about market risk.
http://www.sec.gov/investor/alerts/bulletin-formadv.htm