As an Anarchist, I look forward to seeing all the State's little piglets cut off from the violence and subsidies (disguised and otherwise) that sustain their artificial "lives" and privileged status in the economy. Public Corporations are the State writ small, and they depend on thousands of pages of specialised laws and regulations and dozens of government agencies to support the Board against their hired managers, and both those against their workers, customers and often suppliers. If people want to organise their efforts as a Partnership, that's fine by me, courts should recognise Partnerships. Anything larger, you can code up a DAO, but the community and its courts shouldn't waste resources on keeping separate your duties and privileges.

Idk if this answers my question though lol

Hard money makes subsidies of all kinds less affordable, especially in crises. Under a Bitcoin standard, I would invest in skills, relationships and equipment, not synthetic state-administered promises.

People at nvda have skills, relationships, and equipment But they've already outperformed Bitcoin for a long time based on what seems to just be economic manipulation So I think it's a really interesting question whether they can continue to compete by tokenizing their stocks (making shares scarce like Bitcoin)

(scarce and verifiable I should say!)

It's kinda just: what if nvda couldn't just print money or manipulate share value and they had to like, sell graphics cards to customers for their money

Would they unleash super skills on this or just die

I've never invested in nvda btw, just wondering about the future

Public corporations typically have a market cap at a multiple of at least 2x to their Net Asset Backing. So you could buy equal capital equipment to Nvidia, and hire staff with an equal budget, even buy the "IP", and still have MOST of Nvidia's market cap left over. Conventionally termed "Goodwill", that remaining value is mostly their relationships with the State, that allow them privileges in many, many fields.

That still exists as long as the Nvidia brand or stock exists If their connected authorities are gone, there's no IP anymore to own If we get tokenized stocks, I assume it would mean we have new authorities that replaced the old ones, or it's just the old ones trying to cling to legitimacy

If they had to compete in a free market, they would just die. Assuming that doesn't happen, but that the State's capacity for subsidies declines, I would expect Nvidia (and other "strategic" or highly-regulated stocks) to get clobbered.

True. Most of the value of Nvidia is government, so the 95% probability bars are quite wide if govt changes discontinuously

Yeah, I guess my question kinda just hinges on whether they have a plan other than collapsing/decaying when the authorities can't prop them up by printing money anymore

This is like halfway to a free market though The authorities would still prop them up by taxing competitors more, stopping people from building factories without "IP" licenses, etc. Just no more free printed money / drawing whatever lines you want on the share price chart

I would guess the answer is a hard "no", but the future point at which the authorities can no longer subsidise them is highly uncertain. 95% confidence it will be days to centuries :p

Yup

I still think they'd probably die or at least decay against Bitcoin

Lo único que entiendo es que gran parte del valor de Nvidia viene de que los fondos están desviando los recursos que la gente está metiendo para su futuro solo en la IA, por lo que en realidad es la gente la que estamos manteniendo a Nvidia a flote.