Sports Card DAO

Yoda · #1 12-29-2021, 11:22 AM

Quote:

Originally Posted by Fred

I was wondering the same thing.

How does someone "buy in" to this? Does this require the potential investor to have a source of crypto currency to obtain the shares of the card board block chain? How does someone "cash out"? The assumption would be that the payout would be in some type of crypto currency. If, for example, you paid in Bitcoin to enter, would you get paid back in Bitcoin when you decided to sell or would the seller have to accept any crypto currency currently being traded in the crypto market, for example Dogecoin.

If played correctly, the person that starts this anonymous chain could say they own a card (which is physical) and not really own it. Is that a possibility?

Sounds like a possible card board Ponzi scheme.

Please, by all means, educate me on this - I'm an ignorant naysayer that could use a little more understanding of this potential investment vehicle.

Will there be an open marketplace where buyers and sellers can easily buy and sell their fractional shares? It is too complicated for my simple brain, so I will pass.

brianp-beme · #2 12-29-2021, 11:59 AM

Quote:

Originally Posted by Yoda

Will there be an open marketplace where buyers and sellers can easily buy and sell their fractional shares? It is too complicated for my simple brain, so I will pass.

And having the brain I have, I wonder about visitation rights, and whether conjugal visits will be on the table.

Brian

Fred · #3 12-29-2021, 12:23 PM

Quote:

Originally Posted by Yoda

Will there be an open marketplace where buyers and sellers can easily buy and sell their fractional shares? It is too complicated for my simple brain, so I will pass.

John, did you really mean to say:

"An open marketplace where buyers and sellers can easily buy and sell their fractional shares, will there be? Too complicated for my simple brain, it is, So I will pass."

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