Taking Stock

This week, Chives shares some incredible news - WhyDRS has taken it's first steps and filed as a legal entity, a nonprofit structure with decentralized governance and focused on education.

Wyoming is the first U.S. state to allow this kind of structure, called a DUNA. While there were similar structure options outside of U.S., this is the first domestic option - and WhyDRS was the first to be approved and filed.

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Twitter/X Link:

https://x.com/tehchives/status/1808591534088204666

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

Relevant Wyoming Law

https://www.wyoleg.gov/Legislation/2024/SF0050

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Two good articles on the subject

https://a16zcrypto.com/posts/article/duna-for-daos/

https://blog.colony.io/wyomings-duna-what-does-it-mean-for-daos/

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week Chives takes a deep dive into the different types and methods by which companies dilute stock, some of the common reasons for doing so, and how these dilutions commonly effect investors.

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Twitter/X Link:

https://x.com/i/spaces/1lDxLPlzoDvxm/

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week Chives has returned and checked in with the community, as well as providing updates on the WhyDRS efforts.

He was joined by some fantastic members of the community and a great discussion was had.

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Twitter/X Link:

https://x.com/tehchives/status/1803518007097831592

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

Computershare new FAQs

https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#new

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

Bibic and John were joined by Joaquin Soza, an independent developer originally from Chile who has been fascinated by web3 and blockchain development for years.

The modern internet environment allows for skill development from anywhere, and allows anyone to find an effort which speaks to them and which they can contribute to. Joaquin is working with a development team, Palta Labs, on open source protocols on the Stellar network including a decentralized exchange and smart contracts platform. Joaquin provides a valuable perspective on being part of a diverse and worldwide community for technological development.

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Twitter/X Link:

https://x.com/JFWooten4/status/1800981562743279922

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

Joaquín Soza of Palta Labs

https://joaquinsoza.dev/

https://x.com/coderipper

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Palta Labs

https://paltalabs.io/

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week, Bibic and John sat down with Miles Patterson from FanSociety. Miles is developing a project which attempts to connect music artists with their fans directly, rather than involving other middlemen as is so common today.

FanSociety is both a crowdfunding initiative which operates transparently and a decentralized infrastructure which can be used to discover and share new artists. A structure in which artist health and sustainability is in mind from the start, rather than record producers or streaming services, is an excellent application of public blockchain technology and we’re excited to see independent creators succeed.

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Twitter/X Link:

https://x.com/Bibic_Jr/status/1798444631694164176

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

FanSociety

https://www.fansociety.xyz/

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FanSociety’s White Paper

https://rocky-moon-589.notion.site/FanSociety-Fan-Funding-the-Future-ebdcde35fbad483c9870c89360390084

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Who Gets Paid for a Stream?

https://www.billboard.com/pro/music-streaming-royalty-payments-explained-song-profits/

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week, Bibic and John sat down with Anuhya Challagundla from the Stellar Community Fund. Anuhya is an open source veteran of the tech industry, and is now working directly with to develop community incentives. build cohesion and encourage growth.

Whether you are unfamiliar with open source technology or already engaged in a project, this conversation will get you excited about what is possible when a diverse network of passionate individuals can achieve.

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Twitter/X Link:

https://x.com/Bibic_Jr/status/1795907904127533488

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

Intro to Stellar

https://stellar.org/learn/intro-to-stellar

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Stellar Community Fund

https://communityfund.stellar.org/

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Stellar Community Fund Handbook

https://stellarcommunityfund.gitbook.io/scf-handbook

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock, Chives discusses some of the ways that we could see transparency improve not only in the markets but in general advocacy parameters.

There are levels to transparency - either of participants to regulators, to participants sharing to all other participants. We'll talk a bit about CAT, about the OCC rules up for comment, and about WhyDRS's future plans to advocate for transparency in the market space.

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Twitter/X Link:

https://x.com/tehchives/status/1793371363040006174

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock, Chives was joined by John Wooten and together they welcomed open commentary from the community as they discussed the broader aims of WhyDRS and how best to actuate them. The intention to register as a non-profit 501c3 was discussed for the first time, and how that would help realize more potential for ownership advocacy to advance itself. Investors and issuers are self interested to seek a higher ratio of ownership, and the differences between communities are imagined walls. So much more can be accomplished through collective action and drive towards the development of a new market structure, of investors and for investors.

It is a vision that regards the financial empowerment of individuals not as a means to generate profit but as an end in itself. This perspective is inspired by the belief that true progress in financial democratization can only be achieved when the primary motive is the collective welfare of the community rather than individual or corporate gain.

This was just the first time broaching this topic, and we’re looking forward to bringing more people and more investor groups into the conversation.

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Twitter/X Link:

https://twitter.com/i/spaces/1PlKQDymLakxE

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

Future of WhyDRS

https://6d54ae39-63b7-4a30-8aee-9c47d31bcdfc.usrfiles.com/ugd/6d54ae_e9a4d7cd8f964207a420f6d91618ec6e.pdf

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On Block Transfer:

Main site

https://www.blocktransfer.com/

Yellow Paper

https://blocktransfer.com/.well-known/yellowpaper.pdf

White Paper

https://blocktransfer.com/.well-known/whitepaper.pdf

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock, Chives and 6days discussed some of the developing narratives in the ownership space. Billionaire attention has started to levy more towards short selling and market fairness, and specifically, Truth Social’s CEO has been bringing attention to the potential market abuse from market makers and encouraging shareholders to move shares to the transfer agent to hold in direct registration.

At time of recording, they had released an 8K drawing attention to an update to their FAQ asking shareholders concerned with short selling to hold shares through the transfer agent. A few days later after this recording, they updated the FAQ page again to include the phrase DRS as well.

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Twitter/X Link:

https://twitter.com/i/spaces/1PlKQDrrXbMxE

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

Articles about Elon Musk on abusive short selling

https://www.businessinsider.com/elon-musk-short-seller-height-joke-shareholder-trial-2023-1

https://markets.businessinsider.com/news/stocks/tesla-spacex-ceo-elon-musk-short-selling-should-be-illegal-2019-12-1028733903

https://www.businessinsider.com/elon-musk-sells-red-satin-tesla-short-shorts-2020-7

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Patrick Byrne's response to short sellers

https://finance.yahoo.com/news/patrick-byrne-final-act-overstock-133613713.html

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Truth Social CEO on illegal short selling

https://www.msn.com/en-us/news/politics/truth-social-owner-trump-media-asks-congress-to-investigate-troubling-market-manipulation-claims/ar-AA1nAhp4

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Thread on Truth Social vs Citadel Securities

https://twitter.com/sboho/status/1781745474153693363

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TMTG Investor Relations

https://ir.tmtgcorp.com/

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music

This week on Taking Stock, Chives was joined by 6days1week to talk in more detail about the community-gathered questions sent over to Computershare. A few days before the time of recording, the WhyDRS team was asked by Paul Conn to narrow the questions down. Chives and 6days discuss six of the questions that they found most important, and some of the possible answers to expect.

In the show notes below the original set of questions plus the refined smaller list of questions will be linked.

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Twitter/X Link:

https://twitter.com/i/spaces/1YpJkwmeDLoJj

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Links and Resources:

Original set of 52 questions

https://twitter.com/lawsondt/status/1775544195098218662

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High priority questions

https://twitter.com/lawsondt/status/1782484625568215302

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music