Ummmm what the fuck, has anyone else looked at the explorer? This shit is only backed by CARS...

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.

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

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

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

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?

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.

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

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

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

yes

Oh that's not as bad. I just wish I could see more details of these vehicles
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.

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

>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.
user, are you retarded?

does this look photoshopped to you?

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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".

no they already debunked it.

kek yes, yes it does
how did they debunk this?

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

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

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