, 4 tweets, 1 min read
Companies used to have cap tables.

Under the Warren act they will also have crap tables: a group of “stakeholders” without any money at risk who are there to give you crap.
The next step after shareholder capitalism is not “stakeholder capitalism” (death by a thousand vetos) but blockchain capitalism.

Bitcoin and Ethereum have shown us a way to allow anyone to invest in a new technology, taking both risk and reward.
Silicon Valley was built on the cap table. A way to economically align people from all around the world to build companies like Google.

Crypto allows us to scale the concept of a cap table to millions of people from around the world. news.earn.com/thoughts-on-to…
We all want to make people wealthier.

But the answer is crypto, not veto.

Rather than millions of people with vetos over previously functioning businesses

We want millions of people with crypto stakes in new companies, protocols, and tokens

Shared risk, shared reward.
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