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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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23534074 No.23534074 [Reply] [Original]

Is it true as a member of the DAO I will be occasionally summoned to repossess used cars who's owners defaulted on the loan? I am just a 5ft9 132 lb NEET...

>> No.23534139

imagine still holding this lmao

>> No.23534153

>>23534139
imagine not holding this lmao

>> No.23534208

>>23534153
but i did
i got in on biz presale and sold for 1.75
only retards didn't see the obvious top

>> No.23534292

>>23534208
censored screens for proof or gtfo with your low effort larp. if you don't accumulate now you'll not gonna make it.
>comfy alt hold.
>chad team
>draper
>$40 each share/year end-game

>> No.23534339

Can we stay on topic please? I want to know if I need to start working out to be a part of the DAO...

>> No.23534543

>>23534292
Anon... this figure assumed that we don't burn tokens for the first few years. So the payout per token might end up being higher. Or still $40 in case we are a bit more conservative about payouts. With us looking at a value of at least $400 per token, in which case 2.5mm tokens make you a billionaire and 250k still get you a solid $100mm.

>> No.23535069

>>23534074
Only if you stake DMG for the privilege

>> No.23535183

>>23534543
yes, $40 assumed a 1%, correct? We can see 1-10%.

>> No.23535820

imagine holding dmg instead of CUR

>> No.23536428

>>23535069
How is repossessing the car a privilege? I feel like they are all used cars and probably in rough neighborhoods...

>> No.23536705

>>23536428
because you're being paid as a loan servicer
"Principal members receive 0.5% derived from the income production of the underlying assets, while Affiliates receive 0.25% derived income payment production. Essentially, 0.75% is garnered as a benefit in addition to origination or other fees. These amounts are paid in the DMG governance token."

>> No.23537576
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23537576

>>23536705
I'm scared of going into a strange neighborhood to take a car though frens...

>> No.23537686

>>23534208
how does one see an obvious top

>> No.23538951

>>23537686
combination of retrospect and larping

>> No.23539199
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23539199

Pls someone spoonfeed me on the $40 meme? Haven't read a thing about shitbird since I sold it.