Category: Crypto

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Earning Royalties from Real Estate Investments Paid to You in Crypto

What is this guy talking about? I got this spammy text, but it sounded interesting to me because I make most of my living from real estate and crypto. The spammy text said:

Hey Corey this is Bernard. Would you be interested in earning Royalties from Real Estate Investments paid to you in Crypto without owning physical RE?

I responded:

Maybe if I knew a Bernard at this number I might be interested

He replied:

I did a search on google for Real Estate Professionals in California about this project

I texted back:

I’d like some more details about what you’re offering

He sent:

Check it out https://www.youtube.com/watch?v=ojVVpZskjOM
then review https://bshelly81.theconversionpros.com/sl/IXGLOBAL/

Call me if interested

860-514-…. Bernard

The links lead to videos that basically say something like: The blockchain is revolutionizing the real estate industry. Blocks is the debt ecosystem real estate project that will bring huge growth and excitement to the debt community. The Blocks project will benefit from multiple components of commercial real estate transactions in the first 24 months. The Blocks project is working with multiple institutions with the goal of collecting fees on over 500 million dollars in transactions. Fees and revenue collected will all be used to buy Blocks tokens out of the ecosystem and burned, never to be seen again. Tokenomics at a glance: for each license purchased, tokens are generated and added to the EGI pool. Blocks has a 10% transaction fee each month, 100% of the fees will be burned. Monthly royalties earned through commercial real estate projects will be burned every year. Blocks will experience an annual halving where 50% of the EGI pool will be burned. Debt is all about real projects, real assets, and real burns. Debt software mining licenses, including Blocks, are compatible with several hosting options and operate with very little electricity and high-speed internet service. While your software license is active, you will earn daily rewards. Be a part of the debt community by purchasing a Blocks software mining license and benefit from the commercial real estate industry through the debt Blocks token.

and the 2nd link talked about how:

They come from a construction and real estate background and have seen the uncertainty in traditional investment tools such as jobs, pensions, and 401ks. People are looking for alternatives due to the trillions of dollars lost in the stock market. The speaker’s journey with cryptocurrency started in 2017 when they bought one token after learning about it from a family friend. They started studying the cryptocurrency space after seeing a big return on their investment in 2018 and 2019. They believe that blockchain will change industries, including real estate, title, and mortgage, but are faced with the challenge of choosing from thousands of tokens.

I said:

Thank you. I understand the value of burning but most people do not understand that. I did not hear what is the particular use case, unique selling proposition and viable function of blox

He responded:

U available for a call?
Here’s the detailed information pertaining to BLOX

Click to access BLOX-lite-paper.pdf

The pdf talks about: D.E.B.T. is a revolutionary decentralized eco-friendly blockchain technology network of autonomous software node operators who, together, create a blockchain ecosystem.
D.E.B.T, digital currencies are supported by real-world commodities through royalties from projects which are used to purchase tokens out of the ecosystem through the blockchain to add stability with tangible revenues. Projects include agriculture, bauxite, crude oil, gold, real estate, royalty cash flows, distribution channels and natural gas, just to name a few, with more projects to be announced.
The D.E.B.T, ecosystem benefits from the token burns that occur from the purchase of tokens from project royalties received. These royalties are generated from real-world physical commodities, products, and services.
GROWTH STRATEGY…

I will text u from my direct line how much I’ve mined so far with a few BLOX Perpetuals in just 3 weeks in of it’s existence. And mind u the Perpetuals mines for at least 11 yrs of mining these tokens

Hey Corey this is Bernard Shelly with IX Global, here’s a snap shot of my Debt Wallet earning Royalties already from the different commodities and industries (especially Real Estate)

—

I see a few inconsistencies. BLOX is a real estate company in India — apparently not associated with this Bernard guy. IX Global website appears to be a self-improvement education website, which also appears to be not connected with Bernard Shelly. I could find one video of Bernard Shelly, in which, it it’s the same guy, he is talking about himself and his personal life.

It’s worth taking an hour of my time to investigate potential opportunities like this. I made a significant amount of money from real estate, bitcoin and other crypto assets. They were worth investigating and investing in. I will but just a little bit more time into researching Blox, but it does not look very promising yet because I don’t see much use case. I don’t see a killer app etc.

They conveniently draw a pyramid compensation structure diagram on the pdf. I could maybe deal with that if the real estate part was as clear.

Also, I don’t see much in the way of professional career proof on the internet about “people person” Bernard and his associates.

What do you think? How much should I invest into Blox with Bernard? Fill out my online form.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. This is not an offer to buy or sell securities. All investments involve risk, including possible loss of principal. All information provided is deemed reliable but is not guaranteed and should be independently verified. This does not constitute financial advice. For financial advice, consult a certified financial advisor. We are not associated with the investment vendor, seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

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Reggie Middleton Patent

DeFi intellectual property protection at the heart of today’s most powerful inventions, innovations and ownership of crypto tech and accessories that relate to the latest investment technologies and assets.

INVESTMENT TECHNOLOGY NEWS — Inventor of peer-to-peer capital markets, and the Father of DeFi, Reggie Middleton recently filed a lawsuit against a leading crypto exchange over patent infringement. The lawsuit was filed by Veritaseum Capital in September 200 in the U.S. District Court in Delaware.

Coinbase Global ( COIN ) is being sued by Veritaseum Capital LLC, which alleges the exchange has infringed on a patent awarded to Veritaseum founder Middleton. According to Veritaseum, Coinbase has used patented intellectual property for some of its blockchain infrastructure. Veritaseum is seeking at least $350 million in damages. Coinbase didn’t immediately respond to request for comment, according to CoinDesk. As expected, Coinbase is attempting to ignore the lawsuit and hope it goes away, addressing the legal issue with a request that the court dismiss the case. The case continues, so here’s a breakdown of the patent and its consequences.

Invented in 2013, the patent application was submitted in 2014. Patents include jurisdictions of U.S. and Japan. The U.S. patent became active in 2021. The foundational technology is presumed to cover ETH, BTC, SOL, NFTs and cold storage using partially signed transfers etc.

A patent is a powerful asset. Companies that pay for a license to use a strong, powerful patent also acquire a valuable asset. Middleton’s approved patent has already proven to be an extraordinary achievement, as 90% of blockchain patent applications are rejected by the USPTO. Let’s analyze the patent, and see exactly what’s in it. What does it cover exactly?

The patent covers a problem that wasn’t specific to any particular blockchain and that problem was the transfer of value without an authority, without a third party, contingent upon a data source — replicating traditional finance abilities on a distributed ledger. That’s why the patent covers distributed ledgers, blockchains, centralized platforms, decentralized platforms etc.

Patent number US20170187535A1 abstract: Devices, systems, and methods enabling parties with little trust or no trust in each other to enter into and enforce value transfer agreements conditioned on input from or participation of a third party, over arbitrary distances, without special technical knowledge of the underlying transfer mechanism(s), optionally affording participation of third-party mediators, substitution of transferors and transferees, term substitution, revision, or reformation, etc. Such value transfers can occur reliably without involving costly third-party intermediaries who traditionally may otherwise be required, and without traditional exposure to counterparty risk.

The bulky patent is largely about technologies involving conditional value transfer. Two parties transferring value between them conditionally, without need of a third party, falls under the patent. While some of the patent language is quite technical and may not be 100% clear to everyone, much of the language clearly describes transaction technology that transfers cryptocurrency from one person to another. The patent describes 4 key pairs, apparently referring to the private key and public key used by cryptocurrencies: 2 that belong to the sender (1 public and 1 private), along with two that are used by the receiver. The verbose patent language mentions other components, such as seemingly superfluous 5th key pairs, along with formulas that a layman would not likely understand. The patent language seems to be a combination of verbiage specific to DeFi decentralized finance, while also using the kitchen sink strategy to mention as many facets, instances and examples as possible for broad coverage in the DeFi sector.

Just how much protection and intellectual property rights does Reggie’s patent give him? Many users of Bitcoin, especially commercial users, are likely subject to the patent because many modern applications that further the effectiveness of Bitcoin fall under the patent. The patent is designed to provide longer staying power than many other patents.

Does Reggie Middleton legally own all of your Ethereum? Well, intellectual property holders don’t usually obtain total ownership of all assets linked to their patent, but they are often entitled to license fees or an equitable remedy paid by the owners of products and services that infringe on the patent. It’s quite possible that Middleton could be entitled to a significant slice of the entire crypto pie, particularly with regards to some assets now owned by commercial organizations that profit from products and services related to Middleton’s patent.

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Decentralized Finance Patent:
Devices, Systems, and Methods for Facilitating Low Trust and Zero Trust Value Transfers

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker CalDRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.