Jump to content
BandaTalk

Physical financial securities

Recommended Posts

My idea is for securities such as stocks and bonds to be held as physical items, such as they would’ve been held as physical certificates in times past in the real world.  This would allow players to conduct finance is a far more secure manner and also give the holders of these securities incentive to protect and honor them.  

 

This would also also allow the set of of trade hubs specifically dedicated to trading securities and would essentially be a DU stock market.  

 

I’d think this would be relatively easy to implement, but maybe not.  What are everyone’s opinions on this?  

Share this post


Link to post
Share on other sites

Aside from currency ( which is non physical in DU ) everything else is physical in DU.

Share this post


Link to post
Share on other sites
1 hour ago, ShioriStein said:

Aside from currency ( which is non physical in DU ) everything else is physical in DU.

I guess I could create unique certificates just like one would create a unique ship and then sell it.  

Share this post


Link to post
Share on other sites

The Terran Union folks aren’t gonna be happy with high taxes, bonds could be a more popular means of raising revenues for their activities in game.  The Terran Union could issue their version of Treasury Notes and Treasury Bills.  Same with BOB and all the other orgs also.  

Share this post


Link to post
Share on other sites
7 hours ago, BandaTalk said:

My idea is for securities such as stocks and bonds to be held as physical items, such as they would’ve been held as physical certificates in times past in the real world.

 

Sounds like another thing to steal...

 

Sign me up!

Lethys likes this

Share this post


Link to post
Share on other sites
9 minutes ago, DarkHorizon said:

Sounds like another thing to steal...

 

Sign me up!

Exactly!  Imagine the VoC vs Pirates but in space.  

Share this post


Link to post
Share on other sites
1 hour ago, BandaTalk said:

Exactly!  Imagine the VoC vs Pirates but in space.  

I don't know what that is but alrighty, sounds like lots of people are going to be needing rescuing after that fight. ^_^

Share this post


Link to post
Share on other sites
14 minutes ago, DarkHorizon said:

I don't know what that is but alrighty, sounds like lots of people are going to be needing rescuing after that fight. ^_^

The VoC is also known as the Dutch East India Trading Company, the world first multinational corporation and the world’s first publicly listed company.  The pirates are the guys from Pirates of the Caribbean.  

Share this post


Link to post
Share on other sites

I think, naturally, it would be a world of hurt and grief to allow people to buy and sell ownership of organizations.

Share this post


Link to post
Share on other sites
2 hours ago, Thokan said:

I think, naturally, it would be a world of hurt and grief to allow people to buy and sell ownership of organizations.

It didnt different from selling your account.

Share this post


Link to post
Share on other sites

A mechanism for ownership of organizations has already been announced.  Being a legate will mean being an owner of the organization.  How would these stocks fit with that system? 

 

I think it would be a good idea to be able to exchange a legateship in the market.  If that is not possible, it would still happen informally with one player agreeing to make another a legate for a certain amount of quanta.  With an informal transaction, there is always the  possibility one player does not fulfill their part of the deal.  Going through the market would ensure no one is cheated.  However, I do not see the advantage of introducing another in-game object to do that.

 

 

Share this post


Link to post
Share on other sites
On 8/10/2018 at 10:42 AM, Ben Fargo said:

A mechanism for ownership of organizations has already been announced.  Being a legate will mean being an owner of the organization.  How would these stocks fit with that system? 

 

It wouldn't. The stocks and bonds the OP are describing wouldn't give you any control over the org, just a monetary share of it.

Share this post


Link to post
Share on other sites
5 hours ago, 0something0 said:

It wouldn't. The stocks and bonds the OP are describing wouldn't give you any control over the org, just a monetary share of it.

 

Then the question is, where would this money come from?

Share this post


Link to post
Share on other sites
2 hours ago, Thokan said:

Then the question is, where would this money come from?

This boy asked himself the same question and, you see, look what he found...

 

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×