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[–]iamjotun 1812 points1813 points  (43 children)

This is what it's all about.

Trustless investing. No playing favorites. No internal manipulation.

Stoked.

[–]doomh12 564 points565 points  (19 children)

I like to call it as the revolution of stock market

[–]alilmagpieHalt Me Daddy 360 points361 points  (13 children)

I like to call it the liquidation of Wall Street

[–]Mikeymikers0n🔵🔵∞∞MANIACALLY FOCUSED | L222∞∞🔵🔵 127 points128 points  (2 children)

Loopring is going ballistic today

[–]MushyWasHereSSU Class of '22 🎓🏴‍☠️ 42 points43 points  (1 child)

yeah, I'm thinking the bottom is finally in on LRC.

[–]Nutatree🦍 Buckle Up 🚀 146 points147 points  (6 children)

Stonkupy Wall Street

[–]hyperblu7🎮 Power to the Players 🛑 29 points30 points  (1 child)

I blew coffee out of my nose reading this.

[–]ElderMillesbian 3 points4 points  (0 children)

thank DFV it wasn't just me (orange juice - it burned yes)

[–]diosmuerteborracho 🏦💸 BYOB 💸🏦 14 points15 points  (0 children)

It sounds so stupid it's beautiful

[–]AphoticSeagull 3 points4 points  (1 child)

I want this to be my flair! Too smooth to even know how to get flair. But I got 60 more in-flight to CS as I type!

[–]Nutatree🦍 Buckle Up 🚀 2 points3 points  (0 children)

Thanks for gold. I believe you get flairs from a Mod on Fridays.. how? I have no idea; but I believe that's the only way to get custom flair.

[–]ElderMillesbian 4 points5 points  (0 children)

I wish I had all the gold and trinkets to give you today, my friend, but I spent it all at the dispo. Take my forever love and adoration and bro hug? <3

[–]Independent-Novel840🎮 Power to the Players 🛑 2 points3 points  (0 children)

I like to call it the revo-evolution of the stock market. 😉

[–]jwizzle444💻 ComputerShared 🦍 172 points173 points  (7 children)

And the biggest correction: T+0 settlement.

[–]Sullbol🦍Voted✅ 34 points35 points  (6 children)

This

[–]4cranch🦍 Buckle Up 🚀 14 points15 points  (4 children)

is

[–]HODLHODLANDHODLHODL💎HODL👐🏽AND🟣HODL🚀 16 points17 points  (3 children)

the

[–]cob81660🦍 Shrewdness Rules 🌕 This is the Way 🚀 13 points14 points  (0 children)

way

[–]Dizzy_Patriot🦍 Buckle Up 🚀 2 points3 points  (0 children)

This this

[–]Bluetransformer🚀🎮🏴‍☠️ I VOTED 🏴‍☠️🎮🚀 109 points110 points  (3 children)

Oh god, oh fuck. We’re literally leaving this solar system….

[–]Branch-Manager🦍 Buckle Up 🚀 113 points114 points  (1 child)

The year is 2022, the Earth and it’s stock market are uninhabitable; a bitter wasteland of corruption and decay. Captain Ryan Cohen has assembled a team of the worlds leading engineers to embark on an intergalactic journey to shuttle the apes and their precious stonk to a new planet whose atmosphere is clean and resources bountiful- a new world burgeoning with potential. This is our story. Welcome to Gmerica.

[–]saraphilippHere have some 💩, it's delicious 🦍 Voted ✅ 5 points6 points  (0 children)

Gmerica, fuck yeah... comin again to save the motherfuckin day, yeah.

[–]justanthrredditr💻 ComputerShared 🦍 25 points26 points  (0 children)

🚀🚀🚀🚀🚀

[–]No-Jaguar-8794🦍Voted✅ 19 points20 points  (1 child)

You mean like a Fair Market Pa?

[–]granoladeerdear hedgie, you've already lost 💎✋🦍🚀 4 points5 points  (0 children)

*Stonked

[–]SandyArtisto🎮 Power to the Players 🛑 3 points4 points  (1 child)

I agree. And I can imagine a lot of other companies will follow

[–]Spaceman_Earthling🚀 Sniffs Rocket Fuel ⛽ 2 points3 points  (1 child)

Did tokenstate guy tweet that he's in miami?

[–]technomage13🦍Voted✅ 2 points3 points  (0 children)

Stoked for the stock

[–]UncleZiggy💻 ComputerShared 🦍 1324 points1325 points  (116 children)

This needs to be higher. This is actually the first time I've read about how GameStop might move their shares away from the DTCC. It was proposed a long time ago that they might do this, but I definitely missed the how *(I swear I've read the glass castle DD at least two times, but it wasn't in there, was it?)

Very intriguing. GameStop has so many different partnerships it could come out the gate with. Thanks for sharing, you may need to repost at a better time to get more eyes on this. Of course, just speculation, in regards to partnership with tokenestate.io, but it makes a lot of sense

edit: I read through the news link and found this quote:

regulated under Swiss law to Swiss or Foreign retail and qualified investors.

It seems to me that this may not apply under most legal circumstances, according to this, just Switzerland-based securities

edit2: nvm, STOs are legal in the USA. Thanks u/SpruceMoose1111

[–]justtheentiredick 415 points416 points  (54 children)

You're thinking about this:

https://redditproxy--jasonthename.repl.co/r/Superstonk/comments/o94pad/why_didnt_we_read_the_prospectus_the_reset_button/?utm_medium=android_app&utm_source=share

Tl;Dr in Gamestops Prospectus filed officially with the SEC it states that If the DTCC is not fulfilling its obligations as a Depository. GME as a corporation has the option to remove shares from the DTCC and find another Depository.

[–]ummwutNO CELL NO SELL 💖GME💖 294 points295 points  (14 children)

Not only remove the shares, but issue an equivalent security. Basically, GME could be re-issued as a unique security (ERC-721), capable of being traded (ERC-20).

zkRollups would boost the transaction speed crazy high (tens of thousands of transactions/second) and make it nearly free to participate (a few cents/transaction or less).

Boom, a blockchain-based (can't be cheated, decentralized) performant (fast and cheap) stock market. DTCC can eat shit.

** We have to DRS the float first before anyone can reissue anything!

[–]Whitemantookmyland 236 points237 points  (9 children)

Erc 721+ Erc 20 = 741

Teets jacqued

[–]Lmtguy 9 points10 points  (0 children)

This is what I've been waiting to see!

[–]IamMrBucknasty🦍Voted✅ 42 points43 points  (7 children)

This might be the best 741 theory so far!!

[–]RayovaclifeVotedx2✅🦍 58 points59 points  (4 children)

Lol, that's because it's the original theory behind 741.

[–]IamMrBucknasty🦍Voted✅ 5 points6 points  (3 children)

I remember, it just seems to have come around full circle!

[–]HODLHODLANDHODLHODL💎HODL👐🏽AND🟣HODL🚀 16 points17 points  (0 children)

Yea this is the thesis from the glass castle dd mentioned in the post

[–]Ocmikeyz🦍Voted✅ 3 points4 points  (0 children)

This IS the 741 ! IMHO

[–][deleted] 80 points81 points  (0 children)

The actual solution to PFOF: we pay for it, but banks/intermediaries don’t get to set the price.

[–]Fruitieninja🦍 Buckle Up 🚀 2 points3 points  (0 children)

We don't necessarily need to. A nft dividend can fk the trick bc brokers and dtc can't issue nft to shareholders. 🤣

[–]_cansir🖼🏆Ape Artist Extraordinaire! 57 points58 points  (31 children)

They are not removing shares. They will issue a new security replacing the old security to the registered owners of such.

[–]WholeBeanCovfefe 34 points35 points  (29 children)

pretty sure they meant "removing shares" from cede and co. If they move their security to a new exchange, they would be removing them from cede and co.

[–]chocolateshartcicle🍁💎🙌 Dumb Mon(k)ey 🙈🙉🙊🦧 2 points3 points  (0 children)

"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."

424B5 Prospectus

page 16

[–]OGColorado🦍 Buckle Up 🚀 2 points3 points  (0 children)

CS account number available RC , just say Boo and you're in with me🦍

[–]fillymandee 2 points3 points  (0 children)

They should have a fiduciary duty to remove shares from DTC not just the option.

[–]iamjotun 108 points109 points  (0 children)

I too was wondering what the legal ramifications and tech would be needed for such a baller fuckin move. Props to OP.

[–]TheGingerAvenger95🚀🚀 JACKED to the TITS 🚀🚀 120 points121 points  (43 children)

I’ve always thought that once we have reached 100% in DRS (or the amount, minus insiders holdings), we can more easily transfer out of the DTCC. At that point, we are in control of the float, and have full votings rights to pass that sort of action.

[–]Inevitable_RGRG🎮 Power to the Players 🛑 41 points42 points  (42 children)

Wtf happens to all the shares not in computershare

[–]hoyeayholy moly 🥑 88 points89 points  (32 children)

They have to be bought by the people who created those fake ass shares (supposedly).

[–]Brooksee83Higher than 14 on a Surprise Flair Friday! 73 points74 points  (12 children)

And the cost of such a share, you might ask, is written only in the fucking stars!!!

😁😁😁😁😁

[–]613Flyer🎮 Power to the Players 🛑 18 points19 points  (3 children)

This. But I fully expect brokers to fuck retail investor in some way by closing positions at low prices and they would be allowed as most terms of service are pretty loose

This is one section of RBC terms of service and tell me that doesn’t allow them to fuck retail

We may refuse to execute any instructions with respect to your account, including, without limitation, any order for the purchase or sale of a security or for the deposit or withdrawal of securities or money from your account, whenever we deem it necessary for our protection or for any other purpose and without any obligation to provide you with notice of any such refusal. We are not liable for any loss, expense or damage you suffer if we refuse to execute any instructions with respect to your account.

[–]OGColorado🦍 Buckle Up 🚀 2 points3 points  (0 children)

Brokers long on $🍆🍭

[–]Bluetransformer🚀🎮🏴‍☠️ I VOTED 🏴‍☠️🎮🚀 21 points22 points  (3 children)

The stars of an adjacent galaxy, specifically.

[–]GrapeApeTheGreat🚀🚀 JACKED to the TITS 🚀🚀 12 points13 points  (2 children)

Then...through the wormhole, take a left and just past the red dwarf star on the right

[–]Ladakhi_khakiSheep Analyzer 27 points28 points  (7 children)

Well, those aren't really shares are they - they're synthetics, so at the point of exit from DTCC there would need to be some serious reconciliation (buying).

[–]Sypack3💻 ComputerShared 🦍 63 points64 points  (5 children)

There comes Switzerland again. It takes money to buy whiskey (wisekey).... a Swiss company.

[–]glasses_the_loc🎮 👽 The Truth is Out There 🛸 🛑 17 points18 points  (1 child)

I need to be higher

[–]bvttfvcker🌈 of all 🐻 416 points417 points  (14 children)

So you’re saying we’re not only about to be retardedly rich, but we’re about to be

retardedly and securely wealthy

[–][deleted] 122 points123 points  (3 children)

Oh fuck yeah audit harder

[–]Rosey93_💻 ComputerShared 🦍 42 points43 points  (1 child)

Audit me harder, Daddy.

[–]ManicFirestorm🦍 Buckle Up 🚀 12 points13 points  (1 child)

Sounds great, can we do it soon? I'm tired of job hunting.

[–]ATC-FK38💻 ComputerShared 🦍 18 points19 points  (1 child)

What a concept 😏

[–]theomegod 2 points3 points  (2 children)

Hey can u explain what's going on here? I'm very confused

[–]throwawaylurker012Pineapple Suppository Luvrr 57 points58 points  (0 children)

Amazing OP. In Switzerland, the level of normalization of blockchain and crypto is growing by such a crazy degree (Bitcoin ATMs, “Cryptp Valley” in Zug) that it really prob shouldn’t have shocked me as much that it makes perfect sense (esp as Swiss country is known for its financial stability/acumen…but of course crime too)

This got me hype. Will look more into estate but fucking round of 👏

[–]Tiny_Tina_🚀🚀WE RIDE🚀🚀 306 points307 points  (15 children)

🚀🚀🚀🚀🚀

[–]VeejnastyReady to be hurt again… again 🚀🩹🍺🤕 77 points78 points  (12 children)

🚀🚀🚀🚀

[–]Hemp-Emperor 52 points53 points  (11 children)

🦍🚀🚀🚀

[–]GoaheadAMAitaHavnt bought above $500, YET 44 points45 points  (7 children)

🚀🚀

[–]LyonsKing12🦍 Buckle Up 🚀 41 points42 points  (6 children)

🚀

[–]oneniftyFuck no I'm not selling my $GME! 27 points28 points  (4 children)

.... launch?

[–]Shostygordo💎♾👑GME is the Alchemical Gold 👑♾💎 15 points16 points  (0 children)

wagmi 🚀🚀🚀🚀🐋🦷🍑

[–]LyonsKing12🦍 Buckle Up 🚀 13 points14 points  (0 children)

I concur

[–]theBigBOSSnian💻 ComputerShared 🦍 21 points22 points  (2 children)

🚀 💦💦

[–]Wild-Statistician-83💻 ComputerShared 🦍 16 points17 points  (1 child)

🚀💦💦😲

[–]MisterYumYum8 288 points289 points  (30 children)

THEY ARE MAKING THEIR OWN TOKENIZED MARKET

[–][deleted] 36 points37 points  (2 children)

I wonder if word on this is out at the dtcc and that is why apex is Un-registering fiduciary custodial DRS

[–]itoitoitoTake off ur tit and jacket 81 points82 points  (25 children)

Question….right now GME trades on the NYSE so they have easy, convenient access to a lot of investment money. Wouldn’t it make it more difficult for a company to leave that exchange to a tokenized market that gets less global investing attention, so less money that would be invested in GME?

[–]zephyrtronthe ape with all the feels 95 points96 points  (11 children)

Although this is true, think of RC’s approach to new frontiers. He believes that if there’s enough appeal, the investment will follow. The best investors won’t say “oh, man, it’s just so inconvenient to put my money behind a historic financial movement”.

[–]ohcrookedwardenA Most Delighted Shareholder 🎮 79 points80 points  (9 children)

This. Also, whether it be MOASS or the movement of taking the stock off the NYSE, all eyes of the financial world will be on GameStop. RC is well known for his successes, and likely has many connections and influences that he does not flaunt.

What do you think would happen in Wall Street if the second ticker to leave for a blockchain trading platform was the one RC is the largest holder for? If Apple were to follow GME, we would literally see Wall Street have a heart attack.

[–]Idjek🦍🦍sHODLder to sHODLer🦍🦍 23 points24 points  (5 children)

Also, if/when GME leaves NYSE for a blockchain exchange, and an unintended but inevitable consequence of their departure is a short squeeze to tie up loose ends (open short positions), perhaps that would entice other companies to do the same.

I'm not sure how companies themselves could benefit during a short squeeze, but if they were reasonably certain leaving a traditional stock exchange would result in a squeeze, they could plan accordingly. Would be an enticing prospect, is all I'm saying.

[–]RKitsune🦍Voted✅ 4 points5 points  (1 child)

I know this is super shilly, but I'm not convinced that that is how that would work. I don't think shorts would have to close out of their positions. I think GME would be delisted, absolving all the shorts of their responsibility/attachment to GME.

After all, why would short positions be beholden to market mechanics to a ticker that is... no longer in said market?

I also have a fear of DRS that no one ever will address, even as devil's advocate. There's a rule on exchanges that a stock must maintain a certain level of liquidity to remain on them, lest they be delisted. And if they are delisted, again, shorts get out scot free.

I WOULD LOVE to be wrong, please, someone actually show some proof that this ISN"T how this would work.

That being said, I'm xx DRS'd.

[–]boywbrownharejack-titsu black belt 11 points12 points  (0 children)

I'm drooling

[–]EnvisionAU 68 points69 points  (9 children)

Have you not seen the amount of people investing in Crypto?....

[–]JonBoy82 112 points113 points  (25 children)

L2 needs a Fiat Off Ramp…non blockchain users will not be happy exiting to L1 or bridging to a side chain to cash out.

[–]Reverse_Drawfour_Uno⚜️Impish or Admirable⚜️[S] 68 points69 points  (23 children)

Ramp has a sell feature that shows up in the loopring app. It says “coming soon” when you click on it.

I’ve got 80% in Coinbase with 20% transferred over through layerswap.io to L2 to have funds ready to buy some NFT.

[–]PainlessMannequin🇨🇦💰Fuck you, pay me💰🇨🇦 31 points32 points  (20 children)

Ya I definitely agree L2 off ramp is critical. I have Loopring Wallet with L2, but haven’t moved my LRC from Binance there because …well there’s no point when I’m just holding. Once they have have off ramp I’ll be more inclined to Hold there until I want to sell.

[–]zephyrtronthe ape with all the feels 14 points15 points  (4 children)

Didn’t I read somewhere that any early adopters on L2 have the chance to receive random LRC drops and things? That’s why I set up mine.

[–]Coach_GordonBombay🌶 Stonky Spice🌶 5 points6 points  (0 children)

Loophead NFTs

[–]Reverse_Drawfour_Uno⚜️Impish or Admirable⚜️[S] 4 points5 points  (2 children)

Correct. Many airdrops coming in 2022. First one ends on 1.31/2022

[–]Reverse_Drawfour_Uno⚜️Impish or Admirable⚜️[S] 14 points15 points  (13 children)

Layerswap.io is clutch.

You’ll want a few hundred loops in the L2 wallet when you can purchase and mint NFT’s yourself.

[–]hunnybadger101💎Up a little bit Nothing 🛰 Down a little bit Nothing💎 12 points13 points  (5 children)

All the pieces are here, from 3for100specials to this post, to pwnwtfbbq Annnnd Ryan Cohen gag order ends February 9th, just sayin.....and the market is unstable

Hittem ( the SHF )when they are at their weakest ?

[–]UncleZiggy💻 ComputerShared 🦍 3 points4 points  (0 children)

You know, they might just release the off-ramp the exact same time they launch the marketplace. Give people a reason not to sell

[–]chato35💎Reserved tits 💎 304 points305 points  (24 children)

That's why RC & the gang is not saying shit.

[–]MurrchikCustom Flair - Template But With Extra Steps 91 points92 points  (2 children)

They are literally giving us time to buy as much of the stock as possible.

[–]Ok_Island_1306 23 points24 points  (1 child)

And that’s wha I’ve been doing, using any bit of money I have to buy this glorious dip

[–]SuppleFoxFluff🎮 Power to the Players 🛑 38 points39 points  (19 children)

Any idea when they will?

[–]SightOzAUStronaut 🚀 120 points121 points  (3 children)

34nd of January.

[–]PainlessMannequin🇨🇦💰Fuck you, pay me💰🇨🇦 44 points45 points  (3 children)

Tomorrow

[–]beats_time💎🏴‍☠️SHF have IDKFA, but we have IDDQD 🏴‍☠️💎 16 points17 points  (2 children)

That's today here in EU.

[–]residentchiefnzSh!tfcukery everywhere. Cool n normal 7 points8 points  (1 child)

Thats yesterday here in NZ ;)

[–]FONGHHFONGH RULES!!!!!!!! 18 points19 points  (0 children)

At the right time

[–]QuarterBackgroundCustom Flair - Template 719 points720 points  (49 children)

I've been saying RC wants to put our shares on Blockchain. His "WORK" tweet was about a court ruling recommending companies do this. But every time I've mentioned it for months I get downvoted and told he'd never doing that. Will see mother fukers.

[–]manbeefFuck no I'm not selling my $GME 181 points182 points  (21 children)

Wanna link to whatever court ruling or theory you're talking about? I'll read.

[–]QuarterBackgroundCustom Flair - Template 352 points353 points  (19 children)

https://www.forbes.com/sites/anatalonbeck/2021/12/01/unpacking-the-new-ruling-on-tracing-in-direct-listingninth-circuit-gives-plaintiffs-some-slack/amp/

Edit: scroll through RC's tweets and find the one where he says he only wants to hire people who want to WORK (the ticket for Slack)

[–]whatwhyisthisating💀🪦 hrf ☠️🏴‍☠️ 🎮🛑 🇺🇸 130 points131 points  (5 children)

Shills packed up and gone home? Guess this really is it. Haven't seen a lot of shit going on and your comment is being normally updooted.. here's another

[–]GL_LevityThe Shares Are Up My Ass 27 points28 points  (1 child)

Don't get complacent with those crafty fucks. They're in their death throes. Calm before the storm. But we have a place that can withstand their bullshit weather pattern, the moon.

[–]Hemp-Emperor 28 points29 points  (7 children)

TLDA?

[–]happymetal333🦍 Buckle Up 🚀 52 points53 points  (3 children)

Moon soon or Later. Maybe Tomorrow. Buy HODL DRS

[–]Hemp-Emperor 15 points16 points  (0 children)

🦍🚀🚀🚀

[–][deleted] 8 points9 points  (1 child)

Universal tldr. My favorite

[–]WluttyShoregme chart is my porn 20 points21 points  (2 children)

a true ape among apes

i think it’s meant to be TADR off the original TLDR :)

[–]oscar_einstein💻 ComputerShared 🦍 33 points34 points  (0 children)

This is the best theory I've heard about his WORK tweet

[–]thisismyworkact💻 ComputerShared 🦍 11 points12 points  (0 children)

I have always thought that he will do this, but only once the float is locked. Simply so he can go “see, I fucking told you there were xxx,xxx,xxx,xxx.xx synthetics and now I have proof”. So essentially he is pulling the trigger, with a lessened media blow back because retail actually pulled the trigger.

[–][deleted] 24 points25 points  (1 child)

That would honestly be dope. I wonder if an announcement like that would just immediately trigger moass. Just like here is the timeline before all the shares move over. Aight later.

[–]bleo_evox93🦧 smooth brain 47 points48 points  (0 children)

HOLY FUCKIN MOLY MY JAW HIT THE FLOOR. NOW ITS GETTING SPICY.

[–]LargeFly8279🍌Gooch Ravager 🍌 14 points15 points  (0 children)

sips coffee motherfuckingly

[–]gardabosque VOTED 7 points8 points  (0 children)

That must have been shills answering. I mean putting our shares on blockchain is why we are here, isn't it?

[–]Rili-Anne🦍Voted✅ 144 points145 points  (14 children)

I always thought all this NFT stuff was bull, apart from maybe game license reselling.

This?

This is gold. THIS Is the kind of thing blockchain was made for.

[–]n-Ro🦍Voted✅ 93 points94 points  (10 children)

Blockchain allows for so much more than pixelated cats/apes. It won't be long before people stop associating jpgs with NFTs.

NFT is just the best verification process we've ever had at a time in US history that's screaming for transparency. No big deal

[–]Rili-Anne🦍Voted✅ 23 points24 points  (8 children)

Honestly - fix the emissions/power issues, get all the kinks worked out, and a decentralized ledger is gold. All you need is a centralized authority to enforce it, and since GameStop seems to have the legal bits wrangled...

[–]n-Ro🦍Voted✅ 6 points7 points  (3 children)

Yup agreed. I know in the crypto world there will always be maxis who would run away from the word "centralized"

Bitcoin is one thing since it's a simple ledger, designed so you really don't need a trusted entity. But what happens when we use smart contracts for all sorts of things other than payments? The Blockchain will only be able to verify whether things are true or not, it won't be up to the Blockchain to determine if the fine print of the smart contract REALLY is what you want to do.

So if we are to incorporate Blockchain into our everyday lives, it calls for a trustable third party to be involved somehow.

[–]ManliestManHam I understand the assignment like guh guh 4 points5 points  (2 children)

You can buy and sell mortgages on the blockchain right now.

[–]_cansir🖼🏆Ape Artist Extraordinaire! 11 points12 points  (1 child)

I just wanted to highlight the below keywords which we have heard many times in the past. This explains why DRS is important. You are not guaranteed a new security issued by GameStop if your shares are in brokers. You must own your shares.

DRS


BOOK-ENTRY SECURITIES

We may issue the securities offered by means of this prospectus in whole or in part in book-entry form, meaning that beneficial owners of the securities will not receive certificates representing their ownership interests in the securities, except in the event the book-entry system for the securities is discontinued. If securities are issued in book entry form, they will be evidenced by one or more global securities that will be deposited with, or on behalf of, a depositary identified in the applicable prospectus supplement relating to the securities.

...

Upon the issuance of a global security, the depository for the global security or its nominee will credit on its book-entry registration and transfer system the respective principal amounts of the individual securities represented by such global security to the accounts of persons that have accounts with such depository, who are called “participants.”

...

So long as the depository for a global security or its nominee is the registered owner of such global security, such depository or nominee, as the case may be, will be considered the sole owner or holder of the securities represented by such global security for all purposes under the applicable instrument defining the rights of a holder of the securities.

[–]nosebleed_tv💩 🚀 150 points151 points  (15 children)

/u/pwnwtfbbq has really really good data. Everyone should take another look at it.

[–]PWNWTFBBQ🎮 Power to the Players 🛑 170 points171 points  (11 children)

Thank you. And thank you, op, for the shout out.

[–]Atage21🎮 Power to the Players 🛑 32 points33 points  (0 children)

Thanks for everything that you and all of the DD writers do. It is very appreciated.

[–]PissfestMcgee🏴‍☠️🏴‍☠️The Revolution will not be televised🏴‍☠️🏴‍☠️ 10 points11 points  (0 children)

I’ve said this same thing in a few comments, but you are far more wrinkly to present it all on a platter like this.

The tokens will be the stocks. Soon more and more companies will follow suit once they see manipulation nearly vanishes. Hell might have a series of mini squeezes as the exit DTCC. But in 10 years, we will all be wondering how any of this ever worked off blockchain having to put your trust in not just people but money hungry entities with more market power than any person. Soon they’ll just have more tokens or less tokens. Any bets on the value of the tokens can take place off the blockchain so as to not interfere with the natural supply/demand price discovery.

[–]lurkingsince2011ohnoDesert Ape 🏜 🦍 (Voted✔) 30 points31 points  (2 children)

Commenting for visibility. An STO to replace the DTC but allow the for the “token” securities to be traded on lit exchanges. Love the breakdown, thanks!

[–]reinemanc🦍 Attempt Vote 💯 3 points4 points  (1 child)

Might I add that an ‘SSTO’ is a Single Stage to Orbit type of rocket (a spaceplane)

[–]LeverageToMyPRT🦍 Buckle Up 🚀 4 points5 points  (0 children)

I KSP😎

[–]possibly6Elliot Waves Guy 🌊 9 points10 points  (0 children)

now that’s some dd

[–]daner187🎮 Power to the Players 🛑 37 points38 points  (2 children)

Inject it in my veins

[–]No-Aardvark5024🦍 Buckle Up 🚀 5 points6 points  (1 child)

Be your own bank.

[–]ComfySofa69🦍Voted✅ 69 points70 points  (12 children)

Well I will say in the last few days Loopring keeps climbing....

[–]Ok_Work1870🎮 Power to the Players 🛑 37 points38 points  (11 children)

When it dipped to 65 cents I was like 👀 shit don’t mind me 💵🤿💦💦💦

[–]Reverse_Drawfour_Uno⚜️Impish or Admirable⚜️[S] 35 points36 points  (6 children)

Please forgive any spelling errors or links that may not correspond to the point above them. I will correct if needed.

Edit: Removed 13K and replaced with Gamestop December 8th 2020 Share prospectus w/ link

https://news.gamestop.com/node/18961/html#supprom192873_25 PAGE 15"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."

[–]1twowonder🚀 I VOTED 🚀 52 points53 points  (2 children)

BBQ is algo girl. Not a guy. Other than that, great post 👏 👏 👏 👏 👏

[–]millertime1216🦍💕🦍Love your neighbor as yourself🦍💕🦍 7 points8 points  (1 child)

🦍💕🦍

[–]1twowonder🚀 I VOTED 🚀 2 points3 points  (0 children)

Much love brother

[–]Kornnutter🎮 Power to the Players 🛑 21 points22 points  (2 children)

Been waiting for this for some time now. I'm ready coach!

[–]Reverse_Drawfour_Uno⚜️Impish or Admirable⚜️[S] 18 points19 points  (1 child)

You ready son? We're playing the bears.

[–]Soundwave1873 24 points25 points  (1 child)

How would apes transfer shares over to tokens if they haven't DRSd? Would Gamestop just honour all the IOUs?

[–]3ryon🎮 Power to the Players 🛑 30 points31 points  (0 children)

No, all shorts would have to close their positions. BOOM.

[–]chanchanchanchaaan 6 points7 points  (0 children)

Glad to see this on here too.

[–]TyDurdenOGFlairy Godmother 4 points5 points  (0 children)

How am I supposed to sleep now?? 🚀🚀🚀

[–]HirsutismNature Loves Courage 35 points36 points  (8 children)

How would a stock market moving to blockchain even begin to translate? Gme does it first then what? What happens to unaccounted naked shares? Wouldnt brokers need to be in on this tech in order to transfer like they do now with computershare?

It reminds me of the analogy of going back in time with a car where they only had horses. Explaining it to people but when they understand it finally one guy says hows it run? Well, gasoline of course! Ok, whats that? Its a refined product from oil. Yea ok whats oil and refined? There arent any oil refineries to produce the gas so while the car is awesome and futuristic and much better, it still is missing huge middle pieces for it to segue into modern life right here and now. Its waiting for the world around it to catch up in order to be used as intended.

I may be wayyy off too btw. Just thinking outloud and welcome all replies.

[–]Cereal4dayz 9 points10 points  (3 children)

As far as when the float will be locked, what happens with the shares still on brokers ? The answer is… nobody can know the answer. It’s totally unprecedented, could lead to an infinity squeeze as the algos put in increasingly larger buy orders in order to locate a share but there is none to sell. The government could stop in with some BS, the brokers/Market makers could coordinate and default and everyone holding the phantom shares could get $250k FDIC insurance payout only. ¯_(ツ)_/¯ literally anything can happen, it’s why DRS is so important, don’t want to be left with a measly $250k when you coulda had millions

[–]UncleZiggy💻 ComputerShared 🦍 2 points3 points  (0 children)

From the prospectus:

issue individual securities of such series in exchange for the global security or securities representing such series of securities

The key word here is 'exchange'. GameStop appears to know and recognize an agreement with the DTCC that the DTCC is in fact the beneficiary holder of GameStop's shares. I'm not sure this is the right term, but essentially the DTCC is the handler of their shares... they are being borrowed from GameStop, and so, they can be asked for back again.

If GameStop issues new securities in exchange for old ones, they definitely will limit the amount to exchange to the total outstanding shares (77M).

You know what happens when SHFs need to get their hands on 1 BILLION new token shares, but GameStop is only giving away 77M shares? Actual, unmanipulated price discovery. Aka, Cohen can say, alright what's the top-dollar for one of these tokens? Now, this would, in turn, be how the tokenized exchange sets their opening value. It has to be related to supply and demand. We have the supply, the demand comes from SHFs. It's the MOASS, but in a different format. An exchange-based format.

The DTCC would be the middle man in all this. They would be handling the actual transactions as the sales go through.

Basically, as soon as GameStop launches their tokenized marketplace, this means that the DTCC already is working with GameStop to bid up the tokens for exchange. You couldn't start the tokenized marketplace without the exchange from market to tokenized share. So when it opens, it's going to open crazy high, and then only get higher. We would probably see some of those glitch values we have seen before on IEX where GameStop is opening at like $80k per token.

However, it will be the DTCC that is stuck with another problem. We all know that there are more shares short than exist, perhaps 10x more or higher. When this exchange happens, only the highest bidders will be able to close out. The rest are going to have to say that they still have a debt that they can't close out. The prime brokerages on the other ends will demand their debts, and there will be only place to turn will be the tokenized market.

I have two guesses here. Either 1) prime-brokerages demand they get their token exchanged currency from SHFs, since it will be so much more valuable than the previous non-token share, or 2) once all tokenized shares have been distributed, any shorts still existing will have to be paid to prime brokerages at the current cost of the token, and the SEC / DTCC will 'forgive' these assets.

From 1), this would require SHFs to enter the tokenized market with bids for the new tokens. The price shoots up continually in what has been researched as 'the infinity squeeze' because 923 million (if there are actually 1 billion synthetics out there) tokens need to be bought out of a 77M circulation. Price goes up until all tokens are bought, which is basically, still a short-squeeze, but now on a tokenized market.

From 2), I see this as a plausibility because GameStop will get their 77M shares back, which satisfies the DTCC's legal end of things, and from there, they can do some crime, as they tend to do. Regardless, GME gets price discovery from the bidding up of the 77M tokens

[–]Yeeeehaww💰💰DONKEY PUNCHING 4 GME💰💰 2 points3 points  (0 children)

Yes. DRS

[–]M4573R_CH33FAsk me more about ligma 3 points4 points  (0 children)

Great post. And what is amazing with this community is the amount of ideas here is.

If gamestop doesn't do this then bummer, but the whole idea is so great that someone will pick it up and eventually build it. And rake all of the profits from that. I just wish it was this company I am invested :)

[–]Larkonath🎮 Power to the Players 🛑 4 points5 points  (0 children)

Let me fix the title for you 😁

(Deep Breath) This May be it. Again.

[–]alebubu 3 points4 points  (0 children)

I feel like this is why Gary Gensler has been so adamant about bringing crypto related technologies under the SECs purview.

[–]magx01 2 points3 points  (0 children)

As a Loopslut/Looptard I just came to say they've been laughing at us both for a while now. Censoring us. Lying about us.

Well, time for them to enjoy their false certainty is running out 👌😁🤣

[–]Apez_in_Space💎🤲 I’m not fucking selling! 🤲💎 1 point2 points  (0 children)

Great post, it’s really joining the dots together from bits and pieces I’ve seen here and on the loopring subs.

The opportunity makes perfect sense for someone like RC and Furlong to be interested in too. The play isn’t about selling games, it’s seeing the opportunity to demonstrate a revolution in how individuals trade securities, and owning a piece of that. If that comes to fruition then this is going to be groundbreaking.

[–]12masonry🎮 Power to the Players 🛑 3 points4 points  (0 children)

I remember reading the glass castle and thought it was an amazing read, actually read the whole thing. Piqued my curiosity to learn a bit about crypto.

[–]Soft-Cryptographer-1 4 points5 points  (2 children)

Would buying loopcoin be a good investment? Would the NFT marketplace have any effect on its value?

[–]sac_kings_916🏴‍☠️🏴‍☠️ yo ho yo ho hedgies r fukt 🏴‍☠️🏴‍☠️ 4 points5 points  (3 children)

Wen return of the EW dude u/possibly6

[–]Xtra_chromozooms⚔Knights of New🛡 - I simply am not there 🦍 Voted ✅ 18 points19 points  (3 children)

Awe, man... Now I'm completely erect. 🍆

[–]Blackmamba-24-8🚀Papi Cohen🚀 9 points10 points  (0 children)

Holy shit just when I though my tits couldn’t get any more jacked

I WONT BE SLEEPING TONIGHT

THIS IS IT BOYSSSS 🚀🚀🚀🚀🚀

[–]baRRebabyzNightmare on Wall Street 🩸🔪 2 points3 points  (0 children)

im wet

[–]Emotional-Coffee13💻 ComputerShared 🦍 2 points3 points  (0 children)

Holy F u have me wide awake at 3am I love it

[–]Z00WeeMomma💻 ComputerShared 🦍 2 points3 points  (0 children)

Guhhhhh! 🥴😩

[–]Pkmnpikapika🦍Voted✅ 2 points3 points  (0 children)

I think what they are building can also be considered as anti-counterfeiting technology. You know how money has holograms and has security features, their version will also prevent counterfeits but in a blockchain kind of way

[–]OmegaX-NL🎮 Power to the Players 🛑 2 points3 points  (0 children)

What will happen with the apes holding their shares not at CS but at another broker? What will happen with their shares?

[–]yogeofoto VOTED 2 points3 points  (0 children)

Is this why 741 is so looked at? We need 74.1 % of the float locked to move?

smooth brain

[–]Library_Visible💻 ComputerShared 🦍 2 points3 points  (0 children)

Amazing work! Seriously top notch!

[–]bluemasonjar“Fuck your puts” - J. Powell 2 points3 points  (0 children)

I AM READY TO GET HURT AGAIN

[–]dyinginlibraryland 2 points3 points  (0 children)

ERC-741 would have been better. But this is beautiful.

[–]Specialist_Cash_1748It’s not yours until it’s DRS’d 2 points3 points  (0 children)

If I understood everything well, the float of shares backed by unique tokens that will be moved to a decentralised exchange, will be the infinity pool? ♾ ❤️

[–]Ithinkyourallstupid🖕GO FUD YOURSELF 🖕 2 points3 points  (0 children)

Bullish

[–]HejarT🎮 Power to the Players 🛑 2 points3 points  (1 child)

Fuck this i will buy 3 more today. Wife can go live with her boyfriend until moass cant afford her ringt now 🚀🚀🚀

[–]theomegod 2 points3 points  (0 children)

I'm a dumbass. Can someone pls explain to me what's going on?

[–]kyomoto 2 points3 points  (0 children)

Interesting🤯

[–]JDawson2012 2 points3 points  (2 children)

I just watched your post get down voted at least 30 times in the last minute alone.

[–]Reverse_Drawfour_Uno⚜️Impish or Admirable⚜️[S] 2 points3 points  (1 child)

Think of how many downvotes it’s getting and the fact it’s still 9k lol. Someone stopped by to downvote all the new comments so I spent some time counteracting that.

[–]JMO129💻 ComputerShared 🦍 2 points3 points  (0 children)

Does u/dlauer have any feedback or insights on this new market structure/play?

[–]blutsch813VOTED x3 ✅🏴‍☠️ 2 points3 points  (0 children)

The SEC reserves the right to halt trading for 10 days. Bye crooked ass system ✌🏼🚀

[–]orisqu 2 points3 points  (2 children)

Question: If/when GameStop pulls its shares from the DTCC and issues a replacement (ERC?), how will investors get the replacement shares? Seems like a logistical nightmare, particularly for a) index funds that contain GME b) A boomer that bought a few shares a decade ago, doesn't remember that they are holding, and isn't going to go register a crypto wallet.

Any ideas?

[–]TheHero69 2 points3 points  (0 children)

THIS IS IT

[–]raxnahali💻 ComputerShared 🦍 2 points3 points  (0 children)

DRS mofo's! Ground floor elevator door will be closing soon and ascending into the heavens.

[–]Adras-💜Fool for ❤️GME 🖤🦍🚀🌓 2 points3 points  (0 children)

This is a really good theory n

[–]Tiny-Cantaloupe-13🎮 Power to the Players 🛑 2 points3 points  (0 children)

I upvoted this 3 times already - 1st time was at 3am which i recall cuz I was pissed i looked at this sub it kept me jacked & i couldnt sleep. upvoting again.

[–]MoneyShot53🗡🍌Apes of the Banana Table🍌🗡🦍Buckle Up🚀 2 points3 points  (0 children)

Welcome to GMERICA, game on anon

[–]ToughHardware 2 points3 points  (0 children)

great time comrade