I don't agree that redistribution is an issue at all. In that case, you've just selected for a crappy metric: dollars invested. If wiping out the existing shareholders is indeed the best way to maximize for new dollars invested, then the futarchy is just doing its job.
If you select instead for share price, redistribution shouldn't be an …
I don't agree that redistribution is an issue at all. In that case, you've just selected for a crappy metric: dollars invested. If wiping out the existing shareholders is indeed the best way to maximize for new dollars invested, then the futarchy is just doing its job.
If you select instead for share price, redistribution shouldn't be an issue. Diluting the existing shareholders by 60% would make those shares far less valuable. We've had investment proposals to MetaDAO fail because the market deemed the dilution to not be worth the investment dollars.
I don't agree that redistribution is an issue at all. In that case, you've just selected for a crappy metric: dollars invested. If wiping out the existing shareholders is indeed the best way to maximize for new dollars invested, then the futarchy is just doing its job.
If you select instead for share price, redistribution shouldn't be an issue. Diluting the existing shareholders by 60% would make those shares far less valuable. We've had investment proposals to MetaDAO fail because the market deemed the dilution to not be worth the investment dollars.