Quote:
Originally Posted by x2drich2000
So without a central entity in charge, who takes physical possession of the asset? Who is responsible for up keep and handling (i.e. insurance, handling sales, organizing owners wishes, proposing when to sell, etc)? Maybe I'm missing something or just don't understand the relationship between the physical and electronic tracking, but seems like it would be an easy way for someone to just disappear with the items.
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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.
