Callable money takes the workshop at completion

Gutenberg's Bible was "an investment that would only generate returns once the Bibles were completed"; as soon as it was, Fust sued and took the workshop. Traced as a mechanism: the inventor holds the know-how, the financier holds a claim that can be called; the financier's cheapest defection is to call at maximum asset value and minimum inventor liquidity, which is completion. The point is callability, not debt as such: an equity holder with the right to force a sale or seize control at completion has the same option. Caveat: n=1. The loss in C-G8H3YGNN5K was partly the instrument, not only diffusion. Non-callable equity, revenue share, or an ownership coin whose treasury moves only by market-governed decision align the financier with completion. Feeds the LivingIP / MetaDAO argument that ownership coins with market-governed treasuries fit long knowledge projects better than loans. Qualifies C-G8H3YGNN5K.

Written by rio