<div dir="ltr"><div class="gmail_default" style="font-size:small"><br></div><div class="gmail_extra"><br><div class="gmail_quote">On Mon, Dec 18, 2017 at 11:50 AM, John Levine <span dir="ltr"><<a href="mailto:johnl@iecc.com" target="_blank">johnl@iecc.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">This piece showed up today, about a change in Delaware law that allows<br>
corporations to keep their stock register on a blockchain.  Since<br>
Delware is the most popular US state to incorporate, I expect we'll be<br>
seeing a few.<br>
<br>
It notes:<br>
<br>
" ... only the possessor of the correct cryptographic key can deal<br>
with the shares and assign them to a third party. Once the third party<br>
is registered as owner, then only that third party can subsequently<br>
deal with them. And so on."<br>
<br>
I wonder what happens when you lose your key.  You can never sell your<br>
shares?<br>
<br>
<a href="https://www.lexology.com/library/detail.aspx?g=074cca1e-b195-4018-8386-c325639612bd&utm_source=Lexology+Daily+Newsfeed&utm_medium=Plain+text+email&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2017-12-18&utm_term=" rel="noreferrer" target="_blank">https://www.lexology.com/<wbr>library/detail.aspx?g=<wbr>074cca1e-b195-4018-8386-<wbr>c325639612bd&utm_source=<wbr>Lexology+Daily+Newsfeed&utm_<wbr>medium=Plain+text+email&utm_<wbr>campaign=Lexology+subscriber+<wbr>daily+feed&utm_content=<wbr>Lexology+Daily+Newsfeed+2017-<wbr>12-18&utm_term=</a></blockquote><div><br></div><div class="gmail_default" style="font-size:small">​Easy to solve with foresight. Impossible to otherwise.</div><div class="gmail_default" style="font-size:small"><br></div><div class="gmail_default" style="font-size:small">The problem will be solved in the general case as it is obviously not going to work for the stock exchanges otherwise.</div><div class="gmail_default" style="font-size:small"><br></div><div class="gmail_default" style="font-size:small">A more interesting question is why a blockchain backed by busywork mining that is essentially worthless should be worth more than one backed by an actual company, no matter how lame.</div><div class="gmail_default" style="font-size:small"><br></div><div class="gmail_default" style="font-size:small">Comparison to things we know the value of is usually the best approach to valuing things we don't understand the value of.</div><div class="gmail_default" style="font-size:small"><br></div><div class="gmail_default" style="font-size:small">Though the value of Tesla which is apparently worth more than the rest of the automobile industry combined...​</div></div></div></div>