Well, I know how to take a company onto the NASDAQ, I even have much of the paperwork.
All we need is a way to decouple MNs from the network, without decoupling the MNs from the network.
If there was a way for MNs to pass through their earnings to an LLC, without being put at risk of removing the decentralisation aspect, then we could start the process of creating a public offering and giving MN owners stock.
That doesn't need anyone or anything other than MN owners saying they would be happy to sign up to an LLC.
Explain for ding dongs like myself, what the advantage would be? I'm at a loss, LOL
Well, where to start.
1. Putting MN payments into a company means that a single company receives income. That is a centralisation, which means the police can go to one place and shutdown the network. Not ideal.
So, you need to decouple the MNs from their income, so that the income can go into the company, without risking the decentralisation aspect.
2. Why would you do that? Lets use an example.
If you buy a residential property and lease it out, you earn rent, right? Ok. Now, if you want to sell your rental property, you would ask a factor of the annual income the rental property generates.
Lets say you earn $10,000 per year from a rental property. If you were to sell it, you would ask, say, 15 x $10,000 = $150,000. Someone is buying the income that the rental property generates, and then they take a risk if the value goes up anyway and also a risk on the costs of owning the property. From this they get their yield, usually something like 3%-7% when compared to just leaving the money in the bank and earning 1% interest on deposit.
Its the same principle from a company. If you sell it, someone is buying the profit potential over a number of years - the yield, plus any other growth they can make happen. You are happy to sell because you get the same value you would have gotten over x number of years, but all upfront.
So, if you put MN payments into a company, the company earns money, which you can now apply a multiplying factor against and sell the company or part of the company based on the earning potential of the MNs over x number of years.
If you had 10 MNs and they earned $10,000 per year, you could ask, say, upfront $50k, plus the cost of the 10 MNs - assuming MNs are hard to get, and or hard to run, and or hard to invest in - the reason why some funds are looking to buy Bitcoins through a stock traded trust winklevoss trust launching soon.
3. Now, if you had 2,000 MNs in a company that generated $1,000 x 2,000 = $2,000,000 each year, you could package up the company for an IPO and sell a bunch of shares on the stock exchange at a rate of say 10x$2m = $20m, plus the value of the MNs, say $13m: total enterprise value of $33m (ops)
That's a pretty decent sized stock listed company.
What that means is that you would get shares in a stock listed company at a rate of $150m divided by the MNs you have which converts to a number of stocks.
edit - you effectively give up the income from the MNs, but instead you get stocks in the company. If you didn't sell your stocks, you would still get the payments from the MNs, but they would go via the company first (look up REITs).
Because it becomes a stock listed company, the value of the company could be a multiple of 10, 15, 20, 50 or 100 depending on the future prospects of the MNs and what other services they could offer to generate additional profit.
You could see a MN worth $10k, $100k, $1m or $10m
Just think, Facebook paid $19bn for an App, Whats-App, that had hardly any profit, but lots of users.
Edit - None of this is easy or without huge complications, but look at the potential:
DRK would have lots of profit and lots of users. So your 1MN could be worth $10m each if we developed some messaging systems like snapchat, that had a payment tool using eCash.
