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A comment on Crypto enthusiasts want to buy an NBA team, after not purchasing US Constitution. Parent comment

Re:Crypto enthusiasts want to buy an NBA team, after not pur... by bendergarcia on Sunday November 28, 2021 @12:26AM (#29366416)
Right but it’s like a meta company. Like, a company of anything, not just traditional businesses. Plus the whole process is totally streamlined and, outside of rug pulls, super transparent. Ownership and transfer of ownership is in front of everyone’s eyes.

It’s like what Amazon did. People could buy stuff before, but now they could buy stuff with much more ease (search, order, return etc).

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Re:Crypto enthusiasts want to buy an NBA team, after not pur... by agucova on Sunday November 28, 2021 @12:47AM (#29366518)
Like just an organization? A non-profit or other type of cooperative depending on your local regulations might fit exactly.

I don't see how it improves any part of the process.

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Re:Crypto enthusiasts want to buy an NBA team, after not pur... by dudeman6969 on Sunday November 28, 2021 @01:29AM (#29366679)
You can create and fund one on Twitter over a weekend…
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Re:Crypto enthusiasts want to buy an NBA team, after not pur... by jimkleiber on Sunday November 28, 2021 @01:40AM (#29366718)
I just assume that could be possible with a gofundme or kickstarter platform if they were allowed to sell ownership shares to the public. I think why it doesn't happen on those platforms has more to do with the securities laws than tech challenges.
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Re:Crypto enthusiasts want to buy an NBA team, after not pur... by arcticbull on Sunday November 28, 2021 @02:58AM (#29367061)
As usual, crypto is not a technical solution but rather a regulatory arbitrage solution. The technology is old and boring. Scoffing at the law, though, well that's fun and new.
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Re:Crypto enthusiasts want to buy an NBA team, after not pur... by gammarator on Sunday November 28, 2021 @12:50AM (#29366530)
> outside of rug pulls

Other than that, how was the play, Mrs. Lincoln?

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