Quote from: jlp on October 23, 2017, 07:28:16 PM

Quote from: cicnos on October 23, 2017, 02:07:02 PM

I have to disagree regarding Swarm fund. REITs definitely have their place as an investment to consider, but Swam takes this concept many levels deeper. Swarm is about much more than real estate, it is fully decentralized, members vote on the direction of the platform via a stake weighted liquid democracy system (already developed) with the first vote scheduled for a week after the ICO. It would be foolish to dismiss any ICO based on one aspect you disagree with or misunderstood. Not to mention that the whole idea of Swarm is to function as an agnostic platform where anyone can bring an investment opportunity to it and tokenize it. Just like Ethereum created an ecosystem for applications to be run on top of it, Swarm is doing the same but for any and every investment opportunity out there. I will definitely be investing on their ICO and using their platform, which by the way, already has a beta version out. Like any investment of course you have to do your due diligence but to call them liars is a bit of a stretch.

You didnt disagree with what I wrote about Swarm Fund. I wrote that they lied when they said:

Quote

You need large amounts of money to buy real estate and your money is tied down for an indefinite amount of time.

I have the same questions about Swarm Fund, or any fund, as I do for Crypto20. See my posting above about Crypto20. How can they prove that the tokens legally own the real estate? Ownership of real estate is recorded by municipalities. They record the name of the owner. I assume that municipalities will record Swarm Fund as the owner? If so, then what are the legal documents that will prove that my ERC20 token entitles me to part ownership of the real estate that has Swarm Funds name recorded as owner?

How do we confirm that Swarm Fund is going to take all of the ETH that I give them to buy real estate? How do we confirm that they wont skim off 10%, 20% or 50% of the ETH and put it into their personal wallets?

Im not saying that investment funds (into any asset) does not have value. There have been many investment funds throughout history that have provided a lot of value. There have been many investment funds throughout history that have been scams. How do we confirm that Swarm fund will be the former and not the latter?

Deed must list the wallet address, like a property description. That's the only way.