Do you agree that an asset is a "contract" in the sense, that you offer something for buying that asset?
Now, times often changes things and it might be necessary to change the "contract" of the asset. What would be in your opinion the right way to do so?
I would do the following, would you agree to that?
1. contact all asset holder if they agree to the changes, by secure means, like registered mail, or simpler with a BURST message
2. if we all agree to change, everything is fine
3. I would definitely offer a new asset, since amendments to assets are not possible and
4. exchange them to the new asset: buy old asset back and offer new asset to buy via transfer (not trade)
OMG Elmit - how many time do we have to rehash this? Buying an asset is not the same as buying a contract. You CAN'T buy a contract.
You don't have a contract, you have a stock. You can't buy into a contract - a contract is a legally binding agreement between two or more parties. I can't sign a contract with a company, then sell that contract to a third party - the company never agreed to a contract with the third party - they agreed to a contract with me.
You bought shares in an asset, just like people buy shares of a company. You can choose what you want to do with those shares - buy them, sell them, trade them - but you don't get to tell the company what they can do.
The company gets to decide what it does with those shares - it can pay shareholders a dividend, or not, it can do stock splits, reverse splits, and it can roll your shares over into other types of shares. And that's what has happened here - HardInvest has been subsumed by ByteEnterprises and the shares you held in HardInvest have been rolled over into shares of ByteEnterprises.
Do you understand yet? If not, get your daughter to explain it to you, I'm sure she understands the basic difference between a stock and a contract.
H.
