/biz/ - Business & Finance

>>19898164
they're gonna go bankrupt
people are going to default on the loans
something something depression

>>19898164
Not only are they beaters but those prices are literal fantasy.

what coin is this I can't keep up with all of the scams anymore

>>19898164
what shitcoin is this?

>>19898215
>>19898218
DMM

>>19898188
they wont go bankrupt, they will likely just stick to commercial vehicles.

I mentioned that earlier. Also consider that the loans are exorbitantly overpriced for the year/model of the car. And since they’re overcollateralized this implies they are valuing the cars higher than their actual market value. Shady as fuck

they are title loans dumb fucks.. did any of you even research what your buying. This is a gem and card are only the beginning. Buy or stay fucking poor..

>>19898164
wait till you know how much toxic asset can they dump on the DAO, you have 0 control in this

>>19898280
You're buying something backed by 15*20 year old cars. There is no greater depreciating value, regardless of whether or not it's a loan.

>>19898263
This is unreal, a fucking 2008 buick valued at $8000. They are literally all cars you'd find in a
trailer park or a college dorm

>>19898302
If you park the car in your college dorm you're probably gonna get kicked out PLT

>>19898280
Yes we did which is why you can come to the conclusion that the loans are shady as fuck. Someone got over 10k value off a 2007 Honda Accord. Or a 1998 car with a 6k loan implying at least 8k valuation. It’s completely bullshit. They are selling you guys shit loans

>>19898324
How do I see the mileage on these cars? I can understand if they are in mint condition I guess.... but they are still the lowest tier, who will want to buy one of these in 15 years?

>>19898349
They don’t have that information public. Which is another thing....if you own dmg you technically own a share of the organization. You should be able to view the liens. It’s retarded that the organization cannot do its due diligence by getting the full loan docs. Or at least the lien transfers.

>>19898365
Why does this thing have so many big backers and a spook CEO? It seems like such a scam

>>19898390
Just because something has big backers doesn’t mean it’s not a scam. Rich smart people get scammed too. Something is 100% up though....biz just took over their official discord. That’s the biggest red flag I’ve ever seen. Same people from all the pnd groups too

>>19898349
If I recall correctly the loans all last 1 year only so there is little risk of depreciation

Are people unironically still buying DMG after it was exposed that they photoshopped the liens

>>19898630
yes

>>19898565
Oh that's not as bad. I just wish I could see more details of these vehicles
>>19898630
Really?

Prices are in line with fags that played for them new, it's a loan.

NO ONE IN THIS THREAD KNOWS ANYTHING EXCEPT ME

DMM checks the price of vehicles using Black Book pricing, which acquires its data from wholesale auctions and retail sales nationwide. This factors in mileage, condition and previous damage.

They picked old cars because old cars depreciate less than new cars. cars depreciate the most in the first 0-3 years of ownership.

They picked cars because cars are relatively liquid assets.

>>19898630
>Are people unironically still buying DMG after it was exposed that they photoshopped the liens?
Is any bit of this true?

>>19898292
>you have 0 control in this
except for the fact that DMG owners vote on the future of the DAO and the asset classes that it takes on.
This is the primary purpose of owning DMG, beside profit share.
Anon, are you retarded?

>>19898874
does this look photoshopped to you?

>>19898164
6k for a 1998 Dodge Ram sure thing guys

Pajeets were trying to fud this below 20c, so they could 100x their 1 ETH. First it was the lawsuit fud, even though the guy that threatened to sue had an anime avatar. This shit is loaded with pajeet fud. It's fucking pajeeted out with these gambler fucks that sold below 50c trying to "get in lower".

>>19898874
no they already debunked it.

>>19898903
kek yes, yes it does
>>19898953 how did they debunk this?

>>19898932
>dispells completely irrelevant FUD instead of addressing the FUD in the thread.

>>19898896
Profit share would make this a security and the sec will shut it down

>>19899018
They didn’t he’s a retard. They actually confirmed it. Their excuse is that they needed to show it was currently owned by the dmm foundation. They could have just uploaded transfer paperwork but they won’t address that fud

>>19898412
Are you kidding me you fucking retard? The new 'admins' are niggerloving reddit plebs

>>19898630
The liens are digitally stamped you fucking moron
>>19898866
This guy is unironically right

>>19899112
No they’re not lmao they’re the same fucking retards in all the biz and chainlink official discords.

>>19899140
Doesn’t matter when they don’t verify if the loans were made with correct assumptions. One look at any of the loans can tell you that they are severely over estimating the value of most of their assets.

>>19899159
The vehicles "value" isn't the amount that is loaned out, and is probably just generated by KBB. The loans are over collateralized.

>>19899249
It says that’s the loan value retard. even if that’s the value and not the loan it’s still too high

>>19899281
>even if that’s the value and not the loan it’s still too high

>Even if I don't know the true loan amount, it's too high
Ok retard

>>19899304
>6k for a car that is barely worth 3k is too high
No you’re actually retarded. They are 100% using shitty predatory loans and selling crypto off of it. It’s genius

>>19898896
Let me ask you this, does the 'DAO' control the valuation of underlying asset? Does the 'DAO' vote to approve or deny each loan? Nothing is stopping them from getting free money out of the DAO by dumping toxic mispriced asset.
I'm not saying they will but there's no checks and balances and transparency is severely lacking.

>>19899316
The loans are obviously predatory.
My point remains - the loans themselves are properly collateralized.

>>19899316
>>19899500

>>19898164
The car FUD is the weakest DMG FUD.

See you above $2.

>>19898903
HAHAHAHAHAHA

>>19899574
Okay... but...
>this is much more info than banks give their customers
THE WHOLE POINT OF DMG IS GOVERNANCE. IT'S DEFI. IN OTHER WORDS, WE ARE THE BANK
And there's still no info, available to the actual governing body. Sketchy af

>>19899847
Yeah true. All DMG holders are entitled to know the full name, DOB, and social security number of all borrowers.

>>19899865
That has nothing to do with why they can't show documentation showing that they in fact hold the lien

>>19899893
Wait you really think that all of these people have put their reputations on the line for this project and don't even hold the lien?

Public sale about to sell out. How convenient another FUD thread just like the private sale FUD!

NOTHING WILL PREVENT DMG FROM GOING TO $5 IN JULY.

buy in or be priced out.

>>19899978
CHECKED that glowing ID

>>19899035
the chewbacca defud

>>19899035
What's the 'real' fud then, you tranny faggot??