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Two of my favorite people collided worlds when @netw3rk read @econoar 's tweet about the @NBA's @SDinwiddie_25's tokenizing his contract on #Ethereum on the Emmy Award Winning #nbadesktop @ringernba.
What a time to be alive!
Thread 1/many
What a time to be alive!
Thread 1/many
The great @ReformedBroker got the details mostly right, but oversold risk involved for easy Blockchain laughs. @SDinwiddie_25 is turning his contract into a bond, taking the money raised up front, and then paying those who hold the tokens a 2.5% rate until he repays principal.
This has been done before. #DavidBowie (EVER HEARD OF HIM???!!??) did this in the 90's & was met skeptically but ended up being a solid and memorable investment. The ambit of what Bowie wanted to do was much lower than what @SDinwiddie_25's end goals are.
en.wikipedia.org/wiki/Celebrity…
en.wikipedia.org/wiki/Celebrity…
