No, not at all. It is the difference betweena credit union and a bank, a housing cooperstive vs a landlord owned building.
To use a real world example: DisneyWorld is a city owned by a corporation, instead of democratically run. Because the people who own DisneyWorld shares (shareholder class) aren’t the visitors — the visitors buy DisneyDollars. They are the consumer class.
And there is also the working class (people who work in DisneyWorld) and their employers (small capitalists) who run a business inside DisneyWorld and pay rent.
Disneyworld and other cities could have its own smart economy with DisneyDollars and never have to raise money from speculators. Think of DisneyDollars as utility tokens and shares as security tokens for speculators.
To use a real world example: DisneyWorld is a city owned by a corporation, instead of democratically run. Because the people who own DisneyWorld shares (shareholder class) aren’t the visitors — the visitors buy DisneyDollars. They are the consumer class.
And there is also the working class (people who work in DisneyWorld) and their employers (small capitalists) who run a business inside DisneyWorld and pay rent.
Disneyworld and other cities could have its own smart economy with DisneyDollars and never have to raise money from speculators. Think of DisneyDollars as utility tokens and shares as security tokens for speculators.
Here is how it works in detail: https://intercoin.org/communities.pdf