Sports Card DAO

[maniac_73]

Not sure how many are familiar with the concept of DAO(Decentralized Autonomous Organizations) but they are basically a group chat with a bank account that uses the blockchain for transparency. Recently a group crated a DAO and raised 47 Million to bid on the US constitution. DAO’s allow people who buy tokens to be able to vote on the actions of the group without a hierarchy or traditional management model. Everyone has a voice and reaps the rewards.
Anyone here interested in starting a Sports card DAO to create a basket of high end vintage cards as a fractional investment?
Basically the way Rally and Collectible work but the owners of the DAO are everyone who invests and not a central person controlling a company.
Here’s a couple of Articles on DAO’s and the potential benefits.

https://www.macobserver.com/link/what-is-a-dao/

https://www.ft.com/content/c4b6d38d-...c-7b5cf8f0cea6


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[Dead-Ball-Hitter]

An interesting concept. I'd like to think about this a bit before responding. I'm slightly intrigued...

[skelly423]

Respectfully, that is the last thing I would ever invest in. I understand enough about crypto and blockchain to know it’s a con, and I don’t want any part of it.

[maniac_73]

Originally Posted by skelly423

Respectfully, that is the last thing I would ever invest in. I understand enough about crypto and blockchain to know it’s a con, and I don’t want any part of it.

Lol ok


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[zoomfest]

Originally Posted by skelly423

Respectfully, that is the last thing I would ever invest in. I understand enough about crypto and blockchain to know it’s a con, and I don’t want any part of it.

I'm curious - why "do you know [crypto is] a con"? What's your concern exactly?

[skelly423]

I don't know that a vintage baseball card forum is the place to have that conversation, but if you want to flip over to the Watercooler section, I'll give you an honest answer.

[maniac_73]

Originally Posted by Dead-Ball-Hitter

An interesting concept. I'd like to think about this a bit before responding. I'm slightly intrigued...

I’m still doing my research on it as well. Fractional ownership has always intrigued me but I was never comfortable with the concept of a company having the final say without transparency. What I like about DAO’s is that the community has the authority in what to do with the investment and there’s full transparency with the blockchain records.
Still early days on DAO’s but so many exciting possibility’s with the technology.


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[RL]

easy pass for me

[Leon]

This has to do with the block chain. I am not a crypto person. IF that is what folks want to do, more power to them. Have fun. I like my cards in hand...
.

[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.

[maniac_73]

Originally Posted by Leon

This has to do with the block chain. I am not a crypto person. IF that is what folks want to do, more power to them. Have fun. I like my cards in hand...
.

As a hobbyist, I also like to have cards in hand. As an investor, I’ve seen the returns over time of high end blue chip vintage cards and it’s a great alternative asset to have as part of ur overall investment portfolio.


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