This makes so much sense, especially with the rise of crypto Payment Cards, although I like the idea of keeping things crypto-native (eventually!)

Next step will be to allow founders to capital raise on the blockchain but do it in a way where they don't dilute control even if they do dilute ownership. That could be achieved by having a large number of token buyers to prevent third-party ownership concentration. But could they merge into a voting block?

Surely this has been done before? Is there any way to make newly issued tokens equivalent to conventional equity so no rug-pulls? Are Decentralized Autonomous Organizations currently being used to this effect?

Imagine distributing a firm's revenues directly to shareholders in real-time. Everything stays on the blockchain. That's crazy!

> Imagine distributing a firm's revenues directly to shareholders in real-time.

1) You surely wouldn't want to distribute the revenue but the profit. 2) You still wouldn't want to distribute the profit in "real-time" (whatever that means exactly). Part of the profit usually gets re-invested or put in a reserve, and so the company leadership must actively make a decision how to use the profits vs. what part to distribute. You can't make those decisions on a continuous "real-time" (say, daily or weekly) basis, though. This needs analysis, planning, etc.

Related: metamask announced you can invest in shares via their extension yesterday. The tokens are ec20 versions pinned to the shares or something. Managed by a 3rd party though, and only available in the US.