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Local Group Pools 0.3% of Asking Price for Thing, Claims to be Serious
by lelandfe 5y ago
Local Group Pools 0.3% of Asking Price for Thing, Claims to be Serious
- wyxuan 5y agoThey’re going for a minority stake, along with a few other intermediate milestones
- MisterBastahrd 5y agoThe NBA has a rule where a team can have no more than 25 total owners and the least an owner can hold is 1%. It was created in response to shenanigans by team owners where they would sell tiny fractions of a percent of the company to friends and family so they could claim they owned teams. So unless one of them have at least $12M laying around, I don't see any of them being able to do this.
- AnimalMuppet 5y agoYeah. If you couldn't afford the Constitution, how are you going to afford an NBA team?
- reginold 5y agoSince the title doesn't make this clear -- this is not ConstitutionDAO. It's a new DAO called Krause House.
- thesuperbigfrog 5y agoApologies on the title. It is a bit misleading in that it it is a different DAO (Krause House). Just following the HN guideline: "please use the original title, unless it is misleading or linkbait; don't editorialize." from https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html with a minor change to the original title to fit length restrictions. Not sure if the NPR headline writers understood the DAO difference or just wanted to generate more interest in the story.
- reginold 5y agoYa agreed, understand it's not your title. Seems like NPR is grouping it under "those krazy krypto kids" so it's all the same.
- hanniabu 5y agoThe fact you're being downvoted for this correction just goes to show how happy and proud the HN crowd is with being ignorant to crypto