{"id":11681,"date":"2018-01-18T22:26:35","date_gmt":"2018-01-19T02:26:35","guid":{"rendered":"https:\/\/www.duck9.com\/?p=11681"},"modified":"2018-01-18T23:01:20","modified_gmt":"2018-01-19T03:01:20","slug":"we-buy-ugly-crypto","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/we-buy-ugly-crypto\/","title":{"rendered":"We Buy Ugly Crypto"},"content":{"rendered":"
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By Larry Chiang<\/span><\/p>\n


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Have you seen those signs, \u201c<\/span>We Buy Ugly Houses\u201d? Real estate investors buy distressed property, fix it up and then sell it. It\u2019s coming to crypto.\u00a0<\/span><\/p>\n


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It\u2019s coming to crypto because I brought it.<\/p>\n

I first learned of this from an MIT media lab speaker when he was talking at Stanford Blockchain. Tadge brought up VertCoin (sp?). But then it occurred to me that purchasing turd and then repackaging it is what the credit industry\u2019s all about. Ditto, private equity and what family offices do. We buy. We improve. We flip.<\/p>\n

Thus, we buy houses is just version 1.0 of\u00a0#ShitCoinTurnaround<\/a><\/span>. Now, let\u2019s explore the CLO maneuver where we get a free option. Think no money down asset arbitrage.\u00a0<\/span><\/p>\n


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<\/span><\/td>\nLarry Chiang (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
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1\/16\/18, 4:06 PM<\/font><\/a><\/div>\n
@Uncrypt_Vlad<\/a>\u00a0You honor, spotlight and help distribute my\u00a0#ShitCoinTurnaround<\/a>\u00a0effort that is based on the genius of my three Bk (bankruptcy) & ABC [assignment for Benefit of Creditors]\u00a0#cs183abc<\/a>\u00a0mentors. Gerri Detweiler, Marty Pitchison,\u00a0pic.twitter.com\/Fsdpxngh81<\/a><\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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<\/td>\nVladislav Ginzburg (@Uncrypt_Vlad<\/a>)<\/b><\/td>\n<\/tr>\n
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1\/16\/18, 12:58 PM<\/a><\/div>\n
#shitcointurnaround<\/a> is the best phrase I’ve heard at #WCEF2018<\/a> so far. Coined by @LarryChiang<\/a> twitter.com\/LarryChiang\/st\u2026<\/span><\/a><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang Have you seen those signs, \u201cWe Buy Ugly Houses\u201d? Real estate investors buy distressed property, fix it up and then sell it. It\u2019s coming to crypto.\u00a0 It\u2019s coming to crypto because I brought it. I first learned of this from an MIT media lab speaker when he was talking at Stanford Blockchain. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-11681","post","type-post","status-publish","format-standard","hentry","category-deep-underground-capital-knowledge"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/11681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=11681"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/11681\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=11681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=11681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=11681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}