Unedited by Larry Chiang
REMEMBER–all pre-listing shareholders of @coinbase signed over legal ownership of their shares to @The_DTCC & got back IOUs for “security entitlements” in the master #COIN certificate, which DTCC now legally owns. Property right degraded into contractual right.
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Sent from my personal iPhone, 650-283-8008, that Steve Jobs texted me on
https://www.youtube.com/watch?v=ejeIz4EhoJ0