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In The Media

Gift Attached to a Legit Share

by Larry Chiang on May 14, 2024

I think I figured something out.  It’s a little complicated legally, but it’s clever as fuck if I’m right.
First, I presume everyone is on the same page that this guy standing backwards is RC in the same black hoodie from the Gamestop store pictures:
And now the @PleasrDAO is edging everyone hard with posts about the album (which I am *dying* to hear) but the legal agreement says they can’t sell or commercialize the album for 88 more years.
Fuck me, I’m 56.  Not gonna hear it, right?
Let’s look at the agreement, because the language matters:
“Only one single copy of Once Upon A Time In Shaolin was ever to be made. This has been the case since the very first announcement. A commercial release was never planned. The right to commercialize it, meaning the right to sell it en mass to the public in any form is not allowed until 88 years from now. If the public rights were handed over now, then this would be a record deal like any other. Not the sale of a single copy. It can be exhibited publically and it can be given away for free. But it cannot be commercialized as a conventional album release until 2103. Even then, it will be the owner’s decision to release it or keep it as a single unit, not the Wu-Tang.”
Here is the magic phrase:  “It can be exhibited publically and it can be given away for free”
Want to know how to create a business virus that destroys all shorts and even blows up the mechanics of shorting at the core principle of fungible securities?
A free NFT of the album to shareholders, distributed to shareholders in a digital wallet with a smart contract on it.
So what, we knew that, that’s been around for some time.  What’s new?
image3.jpeg
The free bit combined with “it can’t be sold”,  It’s an NFT you cannot buy, it can only be attached to the stock share and transmitted as a free asset with the paid asset.
You can’t buy them and attach them to fake shares.  They are tied to real shares only.  And there are limited number of them.
I expect it comes with a contract model that validates the share transfer at a digital registrar, which implies the entire asset is digital and non-fungible.
#DividendViralPayload #NonRehypotheticable
 
 
Ross Brown
⁦‪@Hey_ross‬⁩
I think I figured something out. It’s a little complicated legally, but it’s clever as fuck if I’m right.

First, I presume everyone is on the same page that this guy standing backwards is RC in the same black hoodie from the Gamestop store pictures:

And now the ⁦‪@PleasrDAO‬⁩ is… pic.twitter.com/ebjAfPPZPW

 
5/14/24, 6:24 PM
 
 
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WordPress’d from my personal iPhone, 650-283-8008, number that Steve Jobs texted me on

https://www.YouTube.com/watch?v=ejeIz4EhoJ0

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