CryptoLogo
Sr. Member
 Offline
Activity: 656
Merit: 251
www.fintropy.io
|
 |
September 20, 2017, 06:40:10 PM |
|
Wait. How will a client contact the trustee if they doesn't know who they are?
Via LAToken as a middleman. So what's the difference between that and the traditional model? This way we just get back to a bunch of middlemen. |
|
|
|
|
|
|
|
|
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
armaan56
|
|
September 20, 2017, 06:41:50 PM |
|
Wait. How will a client contact the trustee if they doesn't know who they are?
Via LAToken as a middleman. So what's the difference between that and the traditional model? This way we just get back to a bunch of middlemen. Don't know it's what LAToken wants to do. |
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ |
|
|
CryptoLogo
Sr. Member
Offline
Activity: 656
Merit: 251
www.fintropy.io
|
|
September 20, 2017, 06:43:04 PM |
|
Wait. How will a client contact the trustee if they doesn't know who they are?
Via LAToken as a middleman. So what's the difference between that and the traditional model? This way we just get back to a bunch of middlemen. Don't know it's what LAToken wants to do. Are you trolling? It's not LAToken, it's you who came up with this ridiculous idea! |
|
|
|
|
monsterdoge
|
|
September 20, 2017, 06:44:44 PM |
|
Can I tokenize, and then actually sell my used car using the LAToken platform?
If your used car is special custom or retro, maybe it can be tokinized like work of art. So i can't tokinize something not specified during four rounds of sales? |
|
|
|
|
|
badman74
|
|
September 20, 2017, 06:50:34 PM |
|
The thing is, clients will pay in your scheme. They'll pay for risks taken by trustees who work in not-quite-legal sphere, for LAToken performing middleman services, for compensations to the victims of this reckless playing with the law. Don't you think it isn't the most rational plan to implement?
LAToken actually wants to comply with the national legislatures in order to reduce risks and costs. This way it will be no risk of losing the reputation for trustees and no high costs. The latter is the primary purpose of LAToken after all.
|
|
|
|
|
|
panteraforlife
|
|
September 20, 2017, 06:57:33 PM |
|
Can I tokenize, and then actually sell my used car using the LAToken platform?
If your used car is special custom or retro, maybe it can be tokinized like work of art. So i can't tokinize something not specified during four rounds of sales? You will can, but not in the near future. Badman74 said here about the universal scheme. But right now LAToken follows their roadmap. |
|
|
|
|
|
armaan56
|
|
September 20, 2017, 06:58:15 PM |
|
Wait. How will a client contact the trustee if they doesn't know who they are?
Via LAToken as a middleman. So what's the difference between that and the traditional model? This way we just get back to a bunch of middlemen. Don't know it's what LAToken wants to do. Are you trolling? It's not LAToken, it's you who came up with this ridiculous idea! No need to be rude, it's just an idea. And quite an efficient one. |
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ |
|
|
|
badman74
|
|
September 20, 2017, 06:58:53 PM |
|
Wait. How will a client contact the trustee if they doesn't know who they are?
Via LAToken as a middleman. So what's the difference between that and the traditional model? This way we just get back to a bunch of middlemen. Don't know it's what LAToken wants to do. Are you trolling? It's not LAToken, it's you who came up with this ridiculous idea! No need to be rude, it's just an idea. And quite an efficient one. It isn't, pls read my post above. |
|
|
|
|
|
armaan56
|
|
September 20, 2017, 07:01:39 PM |
|
OK, I see it. Cost reduction by complying with national laws. But what if the national law will be: "Everybody pays 50% from crypto transactions"? Will LAToken follow it too?
|
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ |
|
|
|
monsterdoge
|
|
September 20, 2017, 07:02:25 PM |
|
Can I tokenize, and then actually sell my used car using the LAToken platform?
If your used car is special custom or retro, maybe it can be tokinized like work of art. So i can't tokinize something not specified during four rounds of sales? You will can, but not in the near future. Badman74 said here about the universal scheme. But right now LAToken follows their roadmap. What do you mean about following roadmap? |
|
|
|
|
|
keepinquiet
|
|
September 20, 2017, 07:05:33 PM |
|
OK, I see it. Cost reduction by complying with national laws. But what if the national law will be: "Everybody pays 50% from crypto transactions"? Will LAToken follow it too?
Let's not beat about the bush. We talked about it yesterday. "What if..." - it's not the option. Why in the world would they introduce such a law? To make the cryptocurrency market dead in that specific economy? Or to make the number of cybercrimes rise with a spring? |
|
|
|
|
|
panteraforlife
|
|
September 20, 2017, 07:17:15 PM |
|
Can I tokenize, and then actually sell my used car using the LAToken platform?
If your used car is special custom or retro, maybe it can be tokinized like work of art. So i can't tokinize something not specified during four rounds of sales? You will can, but not in the near future. Badman74 said here about the universal scheme. But right now LAToken follows their roadmap. What do you mean about following roadmap? According to whitepaper, new specific assets will be added during 2019 year. I think LAToken wants complitely solve all problems of his four basic asset types before adding any other types. Polish all procedures. |
|
|
|
|
|
iamthewalrus
|
|
September 20, 2017, 08:01:17 PM |
|
What happens if the price of the property goes down below 80% of the value?
|
|
|
|
|
|
gtac01
|
|
September 20, 2017, 08:04:13 PM |
|
The property must be bought back by the seller or sold by a custodian at a fiat auctio regardless of its price.
|
|
|
|
|
|
iamthewalrus
|
|
September 20, 2017, 08:08:41 PM |
|
Seller can allow it to default and either he or someone else buy's it in auction, what happens to the differential? it will be a loss to the investors.
|
|
|
|
|
|
gtac01
|
|
September 20, 2017, 08:09:43 PM |
|
If the market value of the asset drops by the settlement date - investors lose, if it appreciates - investors gain. That's how it works.
|
|
|
|
|
|
iamthewalrus
|
|
September 20, 2017, 08:14:27 PM |
|
Can I buy LAT token by using USD or any other currency instead of ETH?
|
|
|
|
|
|
monsterdoge
|
|
September 20, 2017, 08:26:54 PM |
|
From what I read LAT allows you to own fractions of an asset that LATokens hold. And there is a future settlement date with a guaranteed price. The token seems to act like a derivative, e.g. a future option in the stock market. Is my understanding correct?
|
|
|
|
|
|
gtac01
|
|
September 20, 2017, 08:27:56 PM |
|
Can I buy LAT token by using USD or any other currency instead of ETH?
No, you can contribute with ETH only to buy LAT. |
|
|
|
|
|
gtac01
|
|
September 20, 2017, 08:35:49 PM |
|
From what I read LAT allows you to own fractions of an asset that LATokens hold. And there is a future settlement date with a guaranteed price. The token seems to act like a derivative, e.g. a future option in the stock market. Is my understanding correct?
Yes, it is similar to what you’ve described, pal. |
|
|
|
|
|
