"Capital Accounts" Combined Escrow | Bitcointalksearch.org

Stephen Gornick

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Quote from: doobadoo on May 21, 2012, 07:43:40 PM

Does this by any change exist?

There is support in the protocol for this, but the client does yet have that spend transaction supported for RPC yet.

Quote from: doobadoo on May 21, 2012, 07:43:40 PM

investors would vote up or down via the need to have say 60% of investors sign before the btc can be released?

Here's a thread with a related discussion:
- https://bitcointalksearch.org/topic/how-would-bitcoin-have-prevented-the-mf-global-client-money-going-missing-54194

sunnankar

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Quote from: doobadoo on May 21, 2012, 07:43:40 PM

I was thinking about the impact that a bitcoin would have on corporate america, particularly governance.

I think the true advantage and change BitCoin poses to corporate governance is in its triple-entry bookkeeping. When double-entry was introduced five hundred years ago we saw tremendous increases in the scale of capital accumulation because of the advances in accounting that made savings safer. Likewise, triple-entry bookkeeping will push the envelope which will make it an even better environment for investors.

doobadoo

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I was thinking about the impact that a bitcoin would have on corporate america, particularly governance. My understanding is that there is a feature in bitcoin that allows pooling of fund ans then requires multiple signatures or a percentage of signatures to disperse.

Imagine if you are pitching a business plan to investors and you can restrict the capital raised to an account where the investors would vote up or down via the need to have say 60% of investors sign before the btc can be released? Does this by any change exist? I know there is a bitcoin stock exchange of sorts, but are they taking advantage of the underlying protocol like this is some way.

I could image a decade from now. Major corporations funded by bit coins. Profits swept into capital accounts controlled by share holder who vote up or down all major investment decisions (the capital budget). That could have a profound effect on how corporations are managed to be so in regular need of investor approvals.

Topic: "Capital Accounts" Combined Escrow (Read 1113 times)