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21 sats \ 0 replies \ @nerd2ninja OP 12 Jul 2022 \ parent \ on: If You Aren't Trying to be Money, Why Do You Need a Coin? bitcoin
My brother in Christ you're talking about a workers cooperative which is a business type like an LLC or a Corporation which gives shares of the company to its workers, shares which are a type of security which under US law has to be registered with the Securities Exchange Commission.
Once again, there are benefits for investors who buy regulated stocks:
https://www.investor.gov/introduction-investing/investing-basics/role-sec/laws-govern-securities-industry
I have a huge issue with what is known in the traditional world as "an increase in the total capital stock"
Info: https://www.investopedia.com/terms/c/capitalstock.asp
https://www.investopedia.com/ask/answers/050415/why-increase-capital-stock-companys-balance-sheet-bad-sign-stockholders.asp#:~:text=Disadvantages%20of%20Increasing%20Capital%20Stock,making%20the%20shares%20less%20valuable.