They will establish a semi-trustworthy audit firm. Launch a bunch of shit entities with no liabilities. Pump artificially valuations into the moon by quoting audit firm’s reports. And legally + legitimately liquidate all the illiquid shit property they have.
Like a 1M house in Detroit, a central location mansion in the centre of Paris that no one would buy, and more illiquid real estate pieces. omg so rekt cause the public will just keep thinking they are participating in amazing new economy
Now you can IPO your house and have it trade on DeFi. Buyers can own just a small fraction of it (like owning shares of a company) and receive the corresponding revenue from rent🏡
— Camila Russo (@CamiRusso) November 5, 2019
This is so bad…