not sure why I did not think of this basic corporate finance topic
Shit Punk Says
Oceans of Wisdom
19,158
matching drops
#1459158
2026-09-22 15:17
he and I were going around in circles on this last week
cc @[6529Guardian]
this is a good solution
or even 10
you guys would be like "thank you very much, we will take it for 11"
if I really try to sell summer.jpg to my "secret other ethereum address" for 10 ETH
this is the usual way to prevent below market sales
or give the network a right of first refusal
just be a check on "this is a sale fucking the others
look you don't need to do that much
like a curator board
could be
interesting idea
What if network managed the sales
we could probably figure it out
on the other hand
ahahahaha
but then do i need to tell the museum their yearly tax liability?
you can do a below market related party sale
this is the issue with sales
yup
ensuring the owner sells them for FMV is tough
not sure
USA law I think
each holder pays taxes prorata
i think it is an unincorporated partnership
if not
depends on if you make a legal entity
that to me is the biggest Q
i think that is the easiest
gotcha yes then new collection
if it is just you it is fine
because new collection also want the 5%
to others
i think he means if you sell I dunno 49%
if museum still owns 5% i am happy to keep adding money
you do another collection
if you want to do more
that probably you can't
i have concluded that
it is adding money that is hard
nobody is going to object really to getting money
i think distributing money out is easy
if you ever expect to add money in
you need to declare upfront i think
if it is your collection you will have the issues @[david] mentioned
yes but if you sell a jpeg from collection isnt that a withdrawl?
@[6529er] or @[itsjpower] can you confirm this pls
https://app.safe.global/transactions/queue?safe=eth:0xbECfa2bA5a782D11E1a0e821E8F2e30b6684178c
or all contribute
you either have to leave as is or leave some money in to buy more
but for the ones that you affiliated with and then sell a stake in
it is ok
nobody is getting a dividend or distribution from it etc
the network pays for things to go into it
it is owned by the network
the main network one is easy
I think the problem with the network museum wallets are basically how do you keep adding to the collection once it is owned by lots of people
what a crazy 10 minutes it is been
- guilty
- superior
- guilty again
now i am back to feeling work guilty again