This week, Chives reviews some ongoing key questions still to be answered for moving forward with the 501c3 IRS process, and invites community input. Key issues discussed include the best fit NTEE code, whether WhyDRS will submit additional paperwork concerning potentially influencing legislation, how and if compensation should be allotted to members from donated funds, and the distinction between a private foundation and a public charity. - Twitter/X Link: https://x.com/tehchives/status/1841568987005567032 - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: GitHub discussion: https://github.com/orgs/WhyDRS/discussions/8 NTEE Directory (Page 21): https://www.irs.gov/pub/irs-pdf/i1023ez.pdf IRS details on Private Foundations and Public Charities: https://www.irs.gov/charities-non-profits/eo-operational-requirements-private-foundations-and-public-charities 501c3.org article on Private Fountations and Public Charities: https://www.501c3.org/private-foundation-vs-public-charity/ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week, Chives and John take a look at Alternate Trading Systems, or ATS. These have transitioned from a small part of the market to representing more than 90% of retail market orders, according to Chairman Gensler in a 2022 Bloomberg interview. Also covered are emergent new models in the ATS space, such as tZero, and other potential developments in the space such as Block Transfer with a custody-first focus. - Twitter/X Link: https://x.com/tehchives/status/1839748628711141464 - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: Chairman Gensler on Bloomberg: https://youtu.be/NBkPQ0VsWV0?t=243 tZero launches Investor Verification: https://x.com/tZERO/status/1836058871674392637 Securitize Partners with Wormhole: https://x.com/Securitize/status/1837032255174193367 Thread diving into a $243mil crypto heist: https://x.com/zachxbt/status/1836752923830702392 - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week on Taking Stock, Chives was joined by @WhatCanIMakeToday, to discuss SEC Petitions, the NSCC petition hosted at WhyDRS, and the history of retail advocacy efforts as we grow from simply commenting on the proposals and reforms developed by the industry to skipping their framing and suggesting those reforms ourselves. - Twitter/X Link: https://x.com/i/spaces/1lPKqODbPebJb - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: WhyDRS Petition Pages: SEC Petitions FAQ and Directory: https://www.whydrs.org/sec-petitions-for-rule-updates NSCC Petition Review and Submission: https://www.whydrs.org/petition-to-amend-nscc-close-out-policy - Information from WhatCanIMakeToday and John Wooten about the OCC proposal to adjust margin and cascade of responsibilities in case of clearing member failures: https://www.reddit.com/r/Superstonk/comments/1ae0toi/occ_proposes_reducing_margin_requirements_to/ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week on Taking Stock, Chives was joined by @beyond-mythos, who has been growing a following around his research into how investors interact with the market, and how a company can be identified as a candidate for activism. We'll dive into these topics and ask Beyond how his interest in these subjects started in the first place! - Twitter/X Link: https://x.com/tehchives/status/1830666523159212349 - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: BeyondMythos's research can be found here: https://x.com/i/communities/1815368353172557836 - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week on Taking Stock, Chives takes a look at taking care and appraising sources carefully when trying to learn. He goes over some helpful habits that can help when examining a source or reading a perspective online, such as keeping in mind that the figure behind the source may have it's own motives beyond helping you better understand a subject. - Twitter/X Link: https://x.com/tehchives/status/1828884998734098916 - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: SEC webiste https://www.investor.gov/ - Federal Register https://www.federalregister.gov/ - Federal Reserve https://www.federalreserve.gov/data.htm - FRED Economic Data https://fred.stlouisfed.org/ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week Chives focuses on regulation in the Transfer Agent space, and we'll touch not only on recent SEC action against TA but on the broader regime, and how we've seen a variety of consolidation in the market sector. Chives was joined by John Wooten who has a unique and valuable perspective as someone who founded his own Transfer Agent and has been through the approval process with the SEC, and we can hear from him about how the decision to regulate TAs in this way has downstream effects on not only custody and investor safety but on the market itself. - Twitter/X Link: https://x.com/i/spaces/1lDxLlbpeoqxm - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: SEC Charges Equiniti Trust Co. https://www.sec.gov/newsroom/press-releases/2024-101 - Transfer Agent Market Share as of 2022 https://www.ideagen.com/thought-leadership/blog/transfer-agent-market-share-2022 - Equiniti and AST Merger After Being Bought by Siris Capital Group https://equiniti.com/uk/news-and-views/news-releases/affiliates-of-siris-capital-group-complete-the-acquisition-and-combination-of-equiniti-and-ast/ - Computershare's Aquisition of BNY Canada https://www.computershare.com/us/news/computershare-to-buy-bny-trust-company-of-canada - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week Chives is joined by Tesla community activist Alexander Merz, AKA TeslaBoomerMama, to discuss the power that retail investors have. The Tesla investor community is one of, if not the largest one in the world and recently had a large struggle with accessing their right to vote. Alexandra provides valuable insight as an international investor, as an organizer, and as someone who is peeling back the layers and learning more about DRS! - Twitter/X Link: https://x.com/i/spaces/1YpJklbvmYjxj/peek - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: Alexandra on X https://x.com/TeslaBoomerMama - Tesla investor's community page on X https://x.com/i/communities/1802325082343121043 - Our interview with Alexandra on Brighter with Herbert https://www.youtube.com/watch?v=RyuNMAUXIPI - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week Chives dives into the platforms, bots and other tools we have been using and looking into in order to promote transparency from top to bottom of the community. - Twitter/X Link: https://x.com/i/spaces/1LyxBgprVdyKN/peek - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: The Artemis Bot https://artemis-bot.com/ - More on Lemmy https://join-lemmy.org/ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week Chives and John were joined by fellow community member Kirk to discuss decentralized community governance Kirk brought to the table his experience in grass roots movements in financial communities or an illuminating discussion. - Twitter/X Link: https://x.com/i/spaces/1DXGydwNDQZKM/peek - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: Kirk on Twitter https://x.com/BoldlyGo__ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week Chive and John were joined by Pasta, a core developer from Dash, to discuss decentralized community development. Pasta has been developing with Dash for several years and offers fantastic insight into how Dash has developed as a currency and as a community. - Twitter/X Link: https://x.com/i/spaces/1LyGBgPDZYkJN/peek - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: Listen to more Pasta talking about Dash https://www.youtube.com/results?search_query=digital+cash+network+pasta - More on Dash https://www.dash.org/faq/ - More on Pasta https://x.com/DashBoost_Pasta https://www.dash.org/forum/index.php?members/pasta.12934/ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week John hosted a community discussion where he dove into the labor involved in the non-profit efforts of WhyDRS and how to decentralize the DRS educational work to expand its potential. - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week, Chives shares some incredible news - WhyDRS has taken it's first steps and filed as a legal entity, a nonprofit structure with decentralized governance and focused on education. Wyoming is the first U.S. state to allow this kind of structure, called a DUNA. While there were similar structure options outside of U.S., this is the first domestic option - and WhyDRS was the first to be approved and filed. - Twitter/X Link: https://x.com/tehchives/status/1808591534088204666 - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: Relevant Wyoming Law https://www.wyoleg.gov/Legislation/2024/SF0050 - Two good articles on the subject https://a16zcrypto.com/posts/article/duna-for-daos/ https://blog.colony.io/wyomings-duna-what-does-it-mean-for-daos/ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week Chives takes a deep dive into the different types and methods by which companies dilute stock, some of the common reasons for doing so, and how these dilutions commonly effect investors. - Twitter/X Link: https://x.com/i/spaces/1lDxLPlzoDvxm/ - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week Chives has returned and checked in with the community, as well as providing updates on the WhyDRS efforts. He was joined by some fantastic members of the community and a great discussion was had. - Twitter/X Link: https://x.com/tehchives/status/1803518007097831592 - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: Computershare new FAQs https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#new - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

Bibic and John were joined by Joaquin Soza, an independent developer originally from Chile who has been fascinated by web3 and blockchain development for years. The modern internet environment allows for skill development from anywhere, and allows anyone to find an effort which speaks to them and which they can contribute to. Joaquin is working with a development team, Palta Labs, on open source protocols on the Stellar network including a decentralized exchange and smart contracts platform. Joaquin provides a valuable perspective on being part of a diverse and worldwide community for technological development. - Twitter/X Link: https://x.com/JFWooten4/status/1800981562743279922 - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: Joaquín Soza of Palta Labs https://joaquinsoza.dev/ https://x.com/coderipper - Palta Labs https://paltalabs.io/ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week, Bibic and John sat down with Miles Patterson from FanSociety. Miles is developing a project which attempts to connect music artists with their fans directly, rather than involving other middlemen as is so common today. FanSociety is both a crowdfunding initiative which operates transparently and a decentralized infrastructure which can be used to discover and share new artists. A structure in which artist health and sustainability is in mind from the start, rather than record producers or streaming services, is an excellent application of public blockchain technology and we’re excited to see independent creators succeed. - Twitter/X Link: https://x.com/Bibic_Jr/status/1798444631694164176 - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: FanSociety https://www.fansociety.xyz/ - FanSociety’s White Paper https://rocky-moon-589.notion.site/FanSociety-Fan-Funding-the-Future-ebdcde35fbad483c9870c89360390084 - Who Gets Paid for a Stream? https://www.billboard.com/pro/music-streaming-royalty-payments-explained-song-profits/ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week, Bibic and John sat down with Anuhya Challagundla from the Stellar Community Fund. Anuhya is an open source veteran of the tech industry, and is now working directly with to develop community incentives. build cohesion and encourage growth. Whether you are unfamiliar with open source technology or already engaged in a project, this conversation will get you excited about what is possible when a diverse network of passionate individuals can achieve. - Twitter/X Link: https://x.com/Bibic_Jr/status/1795907904127533488 - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: Intro to Stellar https://stellar.org/learn/intro-to-stellar - Stellar Community Fund https://communityfund.stellar.org/ - Stellar Community Fund Handbook https://stellarcommunityfund.gitbook.io/scf-handbook - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week on Taking Stock, Chives discusses some of the ways that we could see transparency improve not only in the markets but in general advocacy parameters. There are levels to transparency - either of participants to regulators, to participants sharing to all other participants. We'll talk a bit about CAT, about the OCC rules up for comment, and about WhyDRS's future plans to advocate for transparency in the market space. - Twitter/X Link: https://x.com/tehchives/status/1793371363040006174 - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week on Taking Stock, Chives was joined by John Wooten and together they welcomed open commentary from the community as they discussed the broader aims of WhyDRS and how best to actuate them. The intention to register as a non-profit 501c3 was discussed for the first time, and how that would help realize more potential for ownership advocacy to advance itself. Investors and issuers are self interested to seek a higher ratio of ownership, and the differences between communities are imagined walls. So much more can be accomplished through collective action and drive towards the development of a new market structure, of investors and for investors. It is a vision that regards the financial empowerment of individuals not as a means to generate profit but as an end in itself. This perspective is inspired by the belief that true progress in financial democratization can only be achieved when the primary motive is the collective welfare of the community rather than individual or corporate gain. This was just the first time broaching this topic, and we’re looking forward to bringing more people and more investor groups into the conversation. - Twitter/X Link: https://twitter.com/i/spaces/1PlKQDymLakxE - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: Future of WhyDRS https://6d54ae39-63b7-4a30-8aee-9c47d31bcdfc.usrfiles.com/ugd/6d54ae_e9a4d7cd8f964207a420f6d91618ec6e.pdf - On Block Transfer: Main site https://www.blocktransfer.com/ Yellow Paper https://blocktransfer.com/.well-known/yellowpaper.pdf White Paper https://blocktransfer.com/.well-known/whitepaper.pdf - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music

This week on Taking Stock, Chives and 6days discussed some of the developing narratives in the ownership space. Billionaire attention has started to levy more towards short selling and market fairness, and specifically, Truth Social’s CEO has been bringing attention to the potential market abuse from market makers and encouraging shareholders to move shares to the transfer agent to hold in direct registration. At time of recording, they had released an 8K drawing attention to an update to their FAQ asking shareholders concerned with short selling to hold shares through the transfer agent. A few days later after this recording, they updated the FAQ page again to include the phrase DRS as well. - Twitter/X Link: https://twitter.com/i/spaces/1PlKQDrrXbMxE - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: Articles about Elon Musk on abusive short selling https://www.businessinsider.com/elon-musk-short-seller-height-joke-shareholder-trial-2023-1 https://markets.businessinsider.com/news/stocks/tesla-spacex-ceo-elon-musk-short-selling-should-be-illegal-2019-12-1028733903 https://www.businessinsider.com/elon-musk-sells-red-satin-tesla-short-shorts-2020-7 - Patrick Byrne's response to short sellers https://finance.yahoo.com/news/patrick-byrne-final-act-overstock-133613713.html - Truth Social CEO on illegal short selling https://www.msn.com/en-us/news/politics/truth-social-owner-trump-media-asks-congress-to-investigate-troubling-market-manipulation-claims/ar-AA1nAhp4 - Thread on Truth Social vs Citadel Securities https://twitter.com/sboho/status/1781745474153693363 - TMTG Investor Relations https://ir.tmtgcorp.com/ - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music