On Sat, Feb 5, 2022 at 5:17 PM Daniele Nicolodi <[email protected]> wrote:
> On 01/01/2022 16:26, Martin Blais wrote: > > Yes, of course. > > Hardware VPN piping everything through. > > Few sites are VPN-specific nowadays (so many people with them). > > I can access the site. > > > > Man, this looks like the scam of the century. > > Who's going to be accountable when the LLC holding the property > > you bought in Eastern Europe disappears and you show up in court with > > your little tokens? > > Will the courts recognize your ownership claim, from another country? > > (Likely not.) > > And who's going to care to make sure it's being maintained well? > > The name is to me like an oxymoron. > > > > Maybe I just don't understand enough. Not for me. > > Not the same company nor the same cryptocurrency, but very relevant: > > https://web3isgoinggreat.com/?id=2022-01-31-4 > > Real Estate Cryptocurrency Takes People’s Money, Then Shuts Down and > Vanishes > > https://www.vice.com/en/article/wxdzvy/real-estate-cryptocurrency-takes-peoples-money-then-shuts-down-and-vanishes > > More than that: I fail to see how the idea made sense without leverage anyhow. The prime benefit of real estate is the ability to put on a long property / short interest rate position, where the bank accepts the property itself as a collateral. The costs of ownership (repairs, maintenance, taxes) and the transaction costs (e.g. agent at the end, legal fees) are so high that without leverage RE would be a piss poor investment. -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CAK21%2BhPpE20jMH92sDxNafQnEtS5WBiENUSRGpWp9JCBHEcwKw%40mail.gmail.com.
