AMAZON VALUATION OF 1.6 TRILLION DOLLARS?!!?!? You Bet! You can buy stock, even if you thought you couldn't afford it! LAToken LAT

rexusmo (64) · 7 years ago

I love diversification and I think you guys should too. Will look for smaller companies to invest on lat

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3 votes

rejuvenation (46) · 7 years ago

I followed, but it is confusing to me, how to buy their LAT coin. And I don't really understand how I can buy a part of a painting? In whose house, on whose wall would we hang it?

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4 votes

scarlet7 (59) · 7 years ago

Haha....I think you're joking....? It warrants more information though. So....you have your asset appraised, create a contract to get the liquid value of the asset from interested investors, and as with all smart contracts, all parties much do their thing to execute contract commands. These are legally binding contracts. You don't ever have to give your asset to anyone, you can keep it, and get the value from it. I know, sounds nuts, but it's very much what people already do with many things, only it opens the door for assets you previously had to give away to satisfy a lean on it. Anyone who has bought part of something that may gain value, like stocks, real estate, debts, high end jewelry, etc, gets paid back with interest or, depending on the contract, gets paid out for their percentage if the item sells or the item contract may pay out dividends or interest on set dates, or set percentage gains....really all up to the contract writer, which also means that crappy items won't get bought on bad terms....well they shouldn't that's all up to whoever buys, much like the coins we all buy.

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technomancer0101 (25) · 7 years ago (edited)

The website has a lot to be desired....like, wow not finished at all. Seems sketchy, another pump and dump scenario ? And why can you only buy with ETH ? ...... Suspicious I am. Maybe they are not setup fully, but why start half ready ? Is there 2FA for an offline wallet ? If not, I'm not getting inviolved. But best of luck to everyone who does. PIVX is where I am putting my money.

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scarlet7 (59) · 7 years ago (edited)

If you read their strategy for a long release ICO basically, it is to prevent things like pump and dump, and also to allow time for the token to acquire a true value before full market release, not some arbitrary number that instantly plummets. They also want to prevent single entities from trying to control the market shares. I communicate with this team regularly, and I will say that I can see some issues arising with governing powers when it comes to ownership of items, but really, that's what the decentralized smart contract is for....the powers can do little to nothing if the parties all agreed.

Also, to note of why they take only ETH in exchange for LAT.....it keeps a steady and sure price in view as the full release gets close, once again, allowing the token to become properly valued before it hits the markets. It's also based completely around ETH smart contracts, and that is the most versatile crypto that is widespread at this point, makes sense to me. I wouldn't accept your pivx for a startup fund, Ethereum is established, and steady, compared to most every other coin there is.

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canudo76 (43) · 7 years ago

How much can one carry?
Buddha Bag.jpg

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vimukthi (72) · 7 years ago

You think Amazon had growth :P
Try Tencent.I'm 90% sure that Tencent will hit $1 Trillion market cap before Amazon. I'm 99% sure Tencent will be bigger than Amazon within 5 Years. Do some research and you'll see that I'm making a very sensible statement. Amazon is old news.

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scarlet7 (59) · 7 years ago

Tencent is a great investment, I agree. But I will say that old news that you still hear about, is usually good news. Oil, Gold, Amazon, Apple.....diversifying in items with steady growth is certainly a long term strategy meant to provide almost certain security in your funds.

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vimukthi (72) · 7 years ago

I just have a thing against Blue Chips. Mainly they are STABLE!!!
I feel home in the crypto space cause things go down 50% and up 400% like nobody's business. I just love that. It help me feel alive. I'm a speculator I guess. I need chaos. It really helps me.

I should also mention that my 2 favorite and most relatable characters from BBC Sherlock (best TV show ever) is Moriarty and Mycroft.

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scarlet7 (59) · 7 years ago

The purpose of the LAT news is that you can buy pieces of these companies, and diversify, not sink everything into new or old news.

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vimukthi (72) · 7 years ago

I should also mention that my 2 favorite and most relatable characters from BBC Sherlock (best TV show ever) is Moriarty and Mycroft.

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rejuvenation (46) · 7 years ago

Ha ! I can relate to you.

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vimukthi (72) · 7 years ago

Great to know. If you like Sherlock, you'd probably also like lot's of great psychological anime. Hollywood is a barren land when it comes to relatable characters within amazing stories. I could recommend:
Death Note
Code Geass
Psycho-Pass
Monster
Tokyo Ghoul

For live action stuff try:
Ender's Game
Confession of Murder
The Admiral: Roaring Currents
Oldboy

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scarlet7 (59) · 7 years ago

Don't misunderstand me.....I LOVE the volatility of the crypto market. But what I like to see in ICO's, which as I mentioned I'm not a big fan of mostly, is a real USE for the coin. While certainly useless coins can have value, and valueless coins can have no use, a coin that is both useful and valuable is what I see the future of this foray of ours to be.

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vimukthi (72) · 7 years ago

Totally agreed. I must also add the disruptiveness and growth potential. For an example I think Filecoin has a BS valuation. We have Sia and Storj. Why should filecoin even exist? I saw an AR game on blockchain. The project is great; the game looked shit.

On the other hand Ahoole.io and veredictum.io or my best first impression ever, Monaco is pretty straightforward and even act as simply evolutions of existing businesses.

In that sense LAToken and Bytom are really good stuff.

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steemitboard (66) · 7 years ago

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http://www.nasdaq.com/symbol/amzn/interactive-chart?timeframe=1y

vaporhaze (41) · 7 years ago

Question 1: What is 'impossible' about Amazon's potential for growth in the next 8 years? Have you seen their growth in the last 8 years? (If you're only looking at their stock, it was average $50 in 2009)

Question 2: Besides the bait-and-switch , what does Amazon have to do with this 'groundbreaking' ICO?

Just looking for clarification... I wish you luck in all of your trades.

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scarlet7 (59) · 7 years ago

Hi @vaporhaze, I think you may have misread that. I wrote it is completely POSSIBLE. And its no bait and switch, I'll add this to the article. I thought more people knew about LAT, as I've written about it before myself.

You can, RIGHT NOW, buy pieces of Amazon stock with LAToken! Now I see I didn't tell the whole story again, as I should have, thank you for reading, hope this helps clarify!

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vaporhaze (41) · 7 years ago

Yes, I apologize, I read it too fast and my mind saw 'IMpossible'.. Although I am still a skeptic about buying a representation of a purchased asset by a third party instead of just buying and owning the asset yourself... It's like buying 'paper gold' through stocks instead of buying and owning gold outright, with no custodial fees... just my two cents.

Again, the best of luck to you!

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scarlet7 (59) · 7 years ago (edited)

I find the comments about buying something you can't hold on to the most interesting argument against the system....mostly because all crypto is something you can't hold on to....yet it gains and loses value just like anything else does. If you were to buy into a piece of real estate....get paid a small amount of the gained equity once every 6 months, but you had never been to the property, wouldn't that ownership still have value for you?

If you buy a share of amazon stock, you can't do anything with it, except trade it for its decided value at that time. So if you buy a piece of a share....its....exactly...the...same....thing.

The world is now tokenized, you don't have to own all of anything to get use or value out of it when it comes to investments and trades.

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vaporhaze (41) · 7 years ago

I understand that you can't 'hold' your crypto, but I can hold the Trezor, and its contents CANNOT be touched by anyone else... Real estate that I own but have never seen is a nice analogy, and I would be all right with this AS LONG AS it has one other thing. My property can only be accessed by ONE KEY, and that I have (tangible or not) the ONLY KEY to access the property!

The great and wise Andreas Antonopoulos says, 'Not your keys, not your bitcoin!' Or like great and wiser Nick Szabo says, 'Trusted Third Parties are Security Holes'

Example, you ask; EQUIFAX...

The whole idea of crypto (for some of us, I suppose) is a decentralized currency... I buy a whole (or a 'bit') of a coin and as long as you aren't keeping it on an exchange, you have 100% full value/ownership, if that makes sense.

I don't live in a decentralized society, so I do have a 401k... A stock is an agreed upon (and backed, unlike crypto) 'share' of that company and its profits (as well as risks). If a preferred stock, you have voting power for the direction of the company...

So through these eyes... its...NOT...exactly.... the...same...thing.

But I honestly appreciate the feedback and conversation! Been on Steem for a bit now, and not had too much back and forth with valid points! Keep up the good work!

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scarlet7 (59) · 7 years ago (edited)

Almost all truly decentralized blockchain operations set rules, and then the community (share holders) decide where it goes from there (ie hard forks).

I have read some of the contracts, and they are written by the asset holder or their lawyer. Perhaps we are just viewing this a bit differently, let me try to close the gap.

Currently, people with loads of money (millions, hundreds of millions, etc), can already invest in assets they have never been near. Potentially anyone could, but the fact that they have the cash to back it up is what gives them value as an investor or loaner, and thus, if you don't have that level of cash, people wouldn't want to get involved with you, and for good reason, you can't back it up if something goes wrong.

So, in this situation, rather than going to a bank or an investor and paying the fees and percentages to them, you can present a contract for the liquidity you need. People can read it, then they have to apply, depending on the rules of the contract. The presenter may accept or not, depending on the application. To keep it short, I don't believe the idea is that you just throw money at assets with no assurance, and the holders don't just let anyone put their money in.

Very simply put, it's a method of allowing people who did not previously have access to the those types of investments an avenue to enter that space. It's also nothing like ebay or a shopping center, all assets must pass all requirements before ever being listed, meaning they must go to an approved appraiser, and get the proper documents in order to make the transaction official and legal.

One of the very promising aspects of it that I think many countries/governments/people will try to and maybe successfully will stomp out is that these contracts (if found legal in your country) have the potential to disrupt a large amount of income for those who are used to a large amount of income. For example, I'm purchasing a piece of property currently, and have in the past. The amount of people necessary to purchase an asset like that is absolutely ridiculous, and very expensive. Realtors, Lawyers, Title Companies, Escrow Companies, Banks, and on and on and on. If the purchase of a piece of property (lets say the whole thing for this example) could be completely legally, and all the paperwork filed, and all the tax records updated, and everything legitimized by agreeing to a digital smart contract that only executes upon the fulfillment of the laid out terms....everyone wins, except the middlemen.

LAT does not act as an escrow, they only provide a platform for an already existing market, and they are trying to streamline the processes, which includes eliminating unnecessary steps and payments that can all be done with the click of a button. Just to mention it again, this market is well at work, long before LAToken came on the scene....in fact, they're backed by an already existing asset investment company. They aren't building the crowd for the idea, they are building a service for the crowd that already exists and invests in these things, while also opening up avenues for others to be involved that previously did not have the resources to enter that space.

I enjoy tit for tat, lemme know what you think!

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vaporhaze (41) · 7 years ago

Okay, let me research this token and its platform and see why its important before I can give you a rational response...

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pele23 (68) · 7 years ago

Tnx for sharing this, I never heard of LAToken, I will check it out

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steemitboard (66) · 7 years ago

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i-steem (49) · 7 years ago

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siddartha (63) · 7 years ago

Wow, this does seem a game changer. Ability to buy Amazon shares in small pieces is really cool thing for sure.

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quattrobit (47) · 7 years ago

I feel like this breaks some usa laws just as In the US we cant use Etoro

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scarlet7 (59) · 7 years ago

The beauty of crypto and deep web options is that anyone anywhere can participate in pretty much anything their country tells them they aren't allowed to.

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scarlet7 (59) · 7 years ago

Tomorrow I will release a detailed explanation of LAT and why it matters, please keep an eye out for that.

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