This blockchain startup selling collectible NBA highlights just had $50 million in sales in 30 days

Professor Emeritus

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Because now you got something worth $71k that you can resell. That Youtube video doesn't have any value or owner and nobody paid for that. The clip in itself is not important, it's the fact that it became a unique item somebody paid for.


You just encapsulated one of the dumbest shyts about capitalism in just a few sentences.

The constant effort to put a price on things that used to be free. How has that ever improved society?
 

Professor Emeritus

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Collectables are hardly free

That's the point.

The day before they did this, you could have a copy of the clip for free. Now they slap a number on it, call it a "collectable", and suddenly you're paying to own the exact same shyt you could own for free.

The very idea of some corporation distributing X amount of a fundamentally worthless product and then calling it a "collectable", for the sole purpose of increasing their own profit margin, is pure capitalism and does not create value for society. It's just part of the ever-cycling grift cycle (first cards, then sneakers, now clips) that corporations are forced to engage in to pursue every-increasing growth.
 

King

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Wish I was in fukking college right now and still had my team. I would’ve been a fukking MULTI MILLIONAIRE RIGHT NOW.

We came into this blockchain shyt at the worst time mid 2018 when BTC was a wash.

NFTs were on their way out SMFH :francis:


fukk this gay ass earth.
 

Uitomy

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That's the point.

The day before they did this, you could have a copy of the clip for free. Now they slap a number on it, call it a "collectable", and suddenly you're paying to own the exact same shyt you could own for free.

The very idea of some corporation distributing X amount of a fundamentally worthless product and then calling it a "collectable", for the sole purpose of increasing their own profit margin, is pure capitalism and does not create value for society. It's just part of the ever-cycling grift cycle (first cards, then sneakers, now clips) that corporations are forced to engage in to pursue every-increasing growth.
:russ:its not that serious, dude you know there was a time you could get these top shots for a few dollars mane, these shyts are actually now worth a lil more than what they cost last year. They got millions of moments you can cop for a couple dollars bro this shyt ain't exclusive or hyper capitalist it's just a trading card game like Yu-Gi-Oh or Pokemon. All that doesn't create value for society stuff don't matter this shyt is literally a children's game.
 

Diunx

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This is the dumbest shyt ever :mjlol:

but hey if people are making money off this good for them but holy shyt people buying NFTs with no intention of selling them are dumb as fukk.
 

the bossman

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This is the dumbest shyt ever :mjlol:

but hey if people are making money off this good for them but holy shyt people buying NFTs with no intention of selling them are dumb as fukk.
Some of them will be worth millions in the future. look at cryptopunks. it's just like collecting art, except digital.
 
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Because now you got something worth $71k that you can resell. That Youtube video doesn't have any value or owner and nobody paid for that. The clip in itself is not important, it's the fact that it became a unique item somebody paid for.

Like a famed painting. You could do the same exact painting, watch it at a museum for free... But the original is the one which holds value.

Not a good analogy. In the painter case, there was an original copy then multiple copies could follow. In this case, multiple copies exist in hard drives and they are creating an original. Then again people put value on what they want based on their actions in the market. Why do people choose to put value in a bunch of algorithms (Bitcoin), shiny metal(gold). In the end you want to sell it to the next sucker that see value in whatever object you own.
 
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