Bitcoin was bad enough with multi-million dollar fortunes evaporating into thin air after people got hacked. Suggesting tying company ownership to such a thing makes me wonder if we're seeing Poe's Law in action.
The existing ways of selling equity to the public also has drawbacks, such as high transactional costs. And, yes, multi-million dollar fortunes have evaporated into thin air under our existing legal structures -- Eduardo Severin for example.
I agree this isn't something that is ready for primetime today - but it could be in the near future. Even multinational banks are now looking into using block chains for funds transfer.
Let's not pretend Saverin's situation is anything comparable to the ease of stealing someone's bitcoins. He also had legal recourse, which he used, successfully.
In fact, it's much easier to steal someone's credit card details which get transferred around and stored all over the place and are embossed on a piece of plastic you carry with you in your wallet.
We just happen to have a grossly expensive and unfair insurance scheme on top of it that indemnifies consumers against their own stupidity and carelessness. In the future, such a scheme, if so desired, could certainly be added on top of Bitcoin or other blockchain technologies as well.
Bitcoin is the breakthrough technology of the 21st century so far. It's like moving from snail mail to emails in its power and cost-effectiveness relative to existing payment and remittance schemes.
Besides that, it's a beautiful solution to a 30-year-old unsolved problem in computer science (the byzantine general's problem).
