Thread: Sports Card DAO
View Single Post
  #6  
Old 12-29-2021, 06:46 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is offline
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 33,727
Default

Quote:
Originally Posted by maniac_73 View Post
Much like the other fractional platforms, the group would vote on what to buy and when to sell and the profits could either be put into the treasury to buy more cards/memorabilia or distributed as dividends to the groups all based on what is decided by the voting process .


Sent from my iPad using Tapatalk
So under that structure, why would I trust my money to the collective (or majority) wisdom of this group? Presumably it would attract people with substantial means but having a lot of money doesn't guarantee anything about being a good card investor.

PS wasn't Evan Mathis involved in some venture like this except with more centralized decisionmaking?
__________________
Net 54-- the discussion board where people resent discussions.

My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/

Last edited by Peter_Spaeth; 12-29-2021 at 06:46 PM.
Reply With Quote