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So if you lose your private keys you're out all your shares? Or maybe you get hacked and lose your retirement savings?

The reason IPOs cost money is because the solutions to problems like the above cost money, and crypto-tokens don't change that simple fact.

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One goal is to automate most of the work of a transfer agent, not to eliminate them completely. And that’s the open question: how many roles in the process can be simplified and to what degree?

https://www.sec.gov/fast-answers/answerstransferagenthtm.htm...

> So if you lose your private keys you're out all your shares? Or maybe you get hacked and lose your retirement savings?

You act as if identity and account theft aren't things. A private key sounds a lot better than a 9 digit number with predictabilities and a bit of social engineering.

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