Sports Card DAO

[notfast]

I can’t think of much else I’d want to do less than something like this.

[Peter_Spaeth]

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]

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.

[JollyElm]

If fractional shares can be had for less based on OC, PD and ST qualifiers attached to them, then I am in!!

[Lorewalker]

So I get the part where we all get the privilege of paying for fractional ownership but as has been asked numerous times, which of the fractional owners takes possession of the card? If there is truly no central person or persons controlling the company who takes possession and assures the safety of the card?

Seems very sketchy to me and fraught with potential for threats of litigation but at the least lots of disagreements and disappointments. Hard enough to be in accord with a spouse imagine how many disgruntled owners there will be in situation like this?

[Peter_Spaeth]

Originally Posted by Lorewalker

So I get the part where we all get the privilege of paying for fractional ownership but as has been asked numerous times, which of the fractional owners takes possession of the card? If there is truly no central person or persons controlling the company who takes possession and assures the safety of the card?

Seems very sketchy to me and fraught with potential for threats of litigation but at the least lots of disagreements and disappointments. Hard enough to be in accord with a spouse imagine how many disgruntled owners there will be in situation like this?

Who decides what to buy and what to pay, or when and what to sell, and through what venue, and for how much? I wouldn't be comfortable delegating all that control to someone and at the same time if everyone votes on everything it would seem unworkable.