Opening a new business is more or less compete with the current one.
Competition drives down profit. So be careful who you go after.
I don't understand your point.
I don't want to open a business, I am talking about a way to make a create a business whose financial existence would exist on the bitcoin network. (Votes, Shares, and profit alike)
Do you mean that such system would create high business creation, and drive competition up, so would crush profit to the current one ?
This seems more like feature than a bug for me.
It is impossible to do due diligence with this kind of company.
One part of corporate america is that people are held responsible when mistakes are made.
Is management is anonymous then it will be impossible to see that people are held accountable.
InvardContour, I want to keep founders and investors anonymous, because they can't be sued. It is a feature, not a limit.
The Open Business, like Bitcoin, won't use the justice system to protect itself, but a system of incentives so we don't need justice.
However, the real reason why people should be anonymous, at least for the beginning, is because of the emission of shares with the form of CC.
A normal IPO is heavily restricted to big companies, and by paying large fees to banks. Emitting CC bypass this system, and I fear that such thing is illegal.
Moreover, the founder can't give information about the investors and from where the funds come from, since there would be no centralized institution to emit and trade CC.
Such thing would make impossible for the IRS to fight against money laundering.
This two reasons, to my mind, would make such business illegal. Thus anonymity should be kept.
And yes, recourse would be impossible, which is the heart of the problem.
How to give incentives to the founder to not fraud ?
The goal is to lift the international, bureaucratic, fiscal and political barriers for worldwide entrepreneurship and funding. And sadly, there is no legal way to do it.
