Sports Card DAO

Peter_Spaeth · #1 12-29-2021, 06:11 PM

Quote:

Originally Posted by notfast

I can�t think of much else I�d want to do less than something like this.

Yah, what could possibly go wrong in a sportscard buying syndicate?

Fred · #2 12-29-2021, 06:59 PM

Quote:

Originally Posted by Peter_Spaeth

Yah, what could possibly go wrong in a sportscard buying syndicate?

laughing all the way...!

Peter - I think the idea is to have liquidity for the fractional ownership. You can buy/sell the fractional ownership but the goal is to make sure you're not the last group holding the fractional ownership if/when the cardboard Ponzi scheme collapses.

Ok, I shouldn't call it a cardboard Ponzi scheme because I'm ignorant to the innerworkings of this type of "investment". However, I don't want any part of it unless I'm on the ground floor when the fractional ownership is being purchased so that I can sell my fractional shares at a profit and can spend those profits on cardboard that I can hold in my hands. Either that or be voted the dude that holds on to the asset.

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