take the two extreme cases
Shit Punk Says
Oceans of Wisdom
20,234
matching drops
#1521332
2026-10-14 11:44
i am burdened by knowing too much
is how can we do it and not accidentally create a security
all of the difficulty in almost anything I want to do
this is my point
um sir this is kind of part of the thesis
that is different
now if the numbers get big
will not think "we need to protect capital markets in the United States by preventing you from doing that"
that Trump's SEC
if you and @maybe and 5 others each chip in 10 ETH to buy some JPGs
I am 99.99999999999999999999% sure
a lot of this is "it depends"
i mean look
well I am an accredited investor so in this particular case it won't matter
so you do not think me selling you 5% of my current gpebbles collection would be security?
basically you have to make it permissioned
and it is a big nuisance with onchain
you need to check if your buyers are accredited investors
then if USA
but but but
and of course you are allowed to sell securities
or at a minimum you are selling a security
where eventually you become a fund manager
but there is a line
indeed
i also could see a scenario.. where let's say i wanted to start a fresh collection with 1,000 eth.. but i raise the eth from others and all get some share of the 1,000 NFTs backing the collection.. that i would still want control over decisions
it is all quite interesting
but this is a good solution for minority protection
until now
not sure why I did not think of this basic corporate finance topic
he and I were going around in circles on this last week
cc @[6529Guardian]
this is a good solution
or even 10
you guys would be like "thank you very much, we will take it for 11"
if I really try to sell summer.jpg to my "secret other ethereum address" for 10 ETH
this is the usual way to prevent below market sales
or give the network a right of first refusal
just be a check on "this is a sale fucking the others
look you don't need to do that much
like a curator board
could be
interesting idea
What if network managed the sales
we could probably figure it out
on the other hand
ahahahaha
but then do i need to tell the museum their yearly tax liability?
you can do a below market related party sale
this is the issue with sales
yup
ensuring the owner sells them for FMV is tough
not sure
USA law I think
each holder pays taxes prorata
i think it is an unincorporated partnership
if not