Episode 004 - DAOs vs. Cooperatives: An Exploration of Legal, Economic, and Financing Strategies with Jason Wiener
The Ownership Economy
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What Is a Security?
Security is a term of art that has a very broad, far reaching definition in statute and an even more convoluted understanding under case law. You don't own a security if your actions materially impact the performance of the entity. And it's really difficult in dow space to really understand, not what this thing says on paper, really how does it function in practice.
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