in the current system:
"Nobody owns stock. What you own is an entitlement to stock held for you by your broker. But your broker doesn't own the stock either. What your broker owns is an entitlement to stock held for it by Cede & Co., which is a nominee of the Depository Trust Company, which is a company that is in the business of owning everyone's stock for them."
https://archive.is/XrRgT
Byzantine
npub1t5…k6dke
2023-05-12 22:43:00
Author Public Key
npub1t5wc8h37uhkau9tsw82sjxndq04d3n8p634utpdfvs4tm5xmt2sqgk6dkePublished at
2023-05-12 22:43:00Event JSON
{
"id": "83a7b019e9b7f32696778e540e8ccaf714332e4dafaded9ee8fab9607a7ed699",
"pubkey": "5d1d83de3ee5edde157071d5091a6d03ead8cce1d46bc585a9642abdd0db5aa0",
"created_at": 1683931380,
"kind": 1,
"tags": [],
"content": "in the current system:\n\n\"Nobody owns stock. What you own is an entitlement to stock held for you by your broker. But your broker doesn't own the stock either. What your broker owns is an entitlement to stock held for it by Cede \u0026 Co., which is a nominee of the Depository Trust Company, which is a company that is in the business of owning everyone's stock for them.\"\nhttps://archive.is/XrRgT",
"sig": "ae85f5ebe87d3507f7cf8a9a41027c818da9939851519bf1f52f63487c9708ee18b44fd46383b0fc5e7dcfec252bfc96aed299928683f5b49e7469984f380666"
}