Replying to Avatar burns

Got ninja-launched into a virtual networking breakout room this morning.

Someone said:

“I think we need to rebrand the industry. Bitcoin has a negative connotation. Crypto has a somewhat negative connotation.”

…then proceeded to repeatedly say bitcoin is vaporware and that they’re only interested in tokens backed by real assets.

They’re building a “TREIT” (tokenized real estate investment trust), which is a portfolio of tokenized real estate deals. Their goal is to launch a toke for the portfolio, essentially “a token of tokens”.

…now what in the world could have given crypto its ‘somewhat negative connotation’?
a8
nobody 2y ago

Sounds like NFT version of a REIT. Yeah, that sounds legit.🥸

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burns 2y ago

The mental gymnastics required to think tokenizing a basket of tokens that tokenize real estate deals is legit but bitcoin is not is astounding.

What a fiat-brained idea.

a8
nobody 2y ago

Agreed. These are quick change artists. Sell you a bill of goods for your real assets.