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Ashby High-Rise: 1717 Bissonnet St.


musicman

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not a scam, I guess it depends on whether you think bitcoin (any blockchain really) is a scam.

https://www.coindesk.com/startup-tokenizes-2-2b-in-commercial-real-estate-through-polymath

what's interesting, if you register, you get to see a 3 year balance sheet. if this is a scam, then it's just numbers on paper, but if it's for real... 

they have a line called, "balance paid at project completion", which shows income in 2024.

there's also project costs area, and within that they have "hard costs" which I assume is the construction budget, it shows minimal outlays in 2022, and then substantial outlays in 2023 and 2024.

I guess we'll see in late 2022 if this is a scam or not if they start construction, and then again we'll get confirmation in 2024 if it completes. I'm inclined to believe it's not a scam, and if I were willing to toss $1000 at a weekend in Vegas, I'd probably take a chance here. but I'm just words on a computer screen, so please don't invest based on my endorsement. 

Edited by samagon
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1 hour ago, samagon said:

not a scam, I guess it depends on whether you think bitcoin (any blockchain really) is a scam.

Blockchain strikes me as a scam, because it's an attempt to create money from electrons. Weirdest thing I heard of was the bitcoin mine being planned for West Texas...🤪

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7 hours ago, samagon said:

not a scam, I guess it depends on whether you think bitcoin (any blockchain really) is a scam.

https://www.coindesk.com/startup-tokenizes-2-2b-in-commercial-real-estate-through-polymath

what's interesting, if you register, you get to see a 3 year balance sheet. if this is a scam, then it's just numbers on paper, but if it's for real... 

they have a line called, "balance paid at project completion", which shows income in 2024.

there's also project costs area, and within that they have "hard costs" which I assume is the construction budget, it shows minimal outlays in 2022, and then substantial outlays in 2023 and 2024.

I guess we'll see in late 2022 if this is a scam or not if they start construction, and then again we'll get confirmation in 2024 if it completes. I'm inclined to believe it's not a scam, and if I were willing to toss $1000 at a weekend in Vegas, I'd probably take a chance here. but I'm just words on a computer screen, so please don't invest based on my endorsement. 

Not really, I don't think bitcoin is a scam, but I can smell a sh!tcoin project from a mile away lol

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16 hours ago, toxtethogrady said:

Blockchain strikes me as a scam, because it's an attempt to create money from electrons. Weirdest thing I heard of was the bitcoin mine being planned for West Texas...🤪

There is a difference between blockchain technology, and bitcoins. Blockchain is becoming a commonly used tool in many applications, due to its publicly trackable chain (hence... blockchain). IBM is already offering a public-domain blockchain application.

Bitcoins, on the other hand, is fabricated, electronic money, that uses blockchain to track each coin. The value of bitcoin is debatable, but the underlying technology (blockchain) has already moved into the public arena.

Clear as mud?

Edited by astrohip
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Just now, astrohip said:

There is a difference between blockchain technology, and bitcoins. Blockchain is becoming a commonly used tool in many applications, due to its publicly trackable chain (hence... blockchain). IBM is already offering a public-domain blockchain application.

Bitcoins, on the other hand, is fabricated, electronic money, that uses blockchain to track each coin. The value of bitcoin is debatable, but the underlying technology (blockchain) has already moved into the public arena.

I remember Ron Paul complaining that paper money wasn't backed by gold. Bitcoin?

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5 minutes ago, clutchcity94 said:

After all these years, how amazing would it be if they named this project The Karen?!

That would truly be one of the best start-to-finish development stories of all time.  The developer needs to be notified immediately.

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From what I read on another website’s forum earlier today, I may be suffering from a “rabid anti-density paradigm” all because I think that stretch of Bissonnet is a stupid place to put this boring-a$$ed tower. Who knew???😳😳😳

Edited by MidCenturyMoldy
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  • Highrise Tower changed the title to Ashby High-Rise: 1717 Bissonnet St.

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