Bidding currently at $30K on a fractional share of a video clip at Heritage Auctions

[swarmee]

https://sports.ha.com/itm/2020-zion-...umbnail-071515

I sure hope all the sneakerbois, bitcoin guys, and Wall Street investors cling to this new concept. At least it will spare most of us from having to deal with them. But if it can't be trimmed and put into a PSA slab, I wonder if they'll really be interested.

The Greater Fools theory has found new legs in 2020-21 COVID Quarantines.

[MattyC]

Holy Cow.

I feel like that Heritage listing may be the precise moment the entire hobby went full Fonzi and jumped the shark.

Reading this: “The item itself is entirely virtual, exchanged through a blockchain format similar to Bitcoin in that regard but different in the sense that the traded components are valued according to their specific contents and rarity thereof. This product is effective ownership of a particular NBA play, with lower serial numbered examples considered more valuable than those with higher numbers.”

I am reminded of this speech from Billy Madison:

Mr Madison, what you've just said is one of the most insanely idiotic things I've ever heard. At no point in your rambling, incoherent response was there anything that could even be considered a rational thought. Everyone in this room is now dumber for having listened to it.

[Casey2296]

Smells of the same old snake oil pitch ala Milken in the 80's, leveraged CDO's in 06, etc. I saw no part of the pitch that said you get residuals as owner of your virtual clip when it's played, maybe I missed something, or that might be a different pitch.

There's is so much wrong with this and the guy who's gonna get hurt most is the little guy who can't afford to lose it. Like that idiot Mayor of Miami who wants to give all city employees the option to be paid in bitcoin. Soon the pension funds will be chasing returns in these poorly concocted schemes and when they don't perform as "promised" the little guy will be left holding the bag.

That being said, I hope this is wildly popular and everybody wants so badly to get in on owning a piece of digital microfiche securely tucked away in a block chain cloud that the market for a 51B Mantle craters (I need one for my PC).

[Tao_Moko]

"but different in the sense that the traded components are valued according to their specific contents and rarity thereof"

Let me get this right. I can create virtual "rarity"in any amount and monetize it? This is the antithesis of rarity.

[swarmee]

Originally Posted by Tao_Moko

Let me get this right. I can create virtual "rarity"in any amount and monetize it?

The trick is, you have to convince other people it has value. So start a cook group and Youtube channel, and watch the Dogecoin roll in.

[Tao_Moko]

Originally Posted by swarmee

The trick is, you have to convince other people it has value. So start a cook group and Youtube channel, and watch the Dogecoin roll in.

Well, fooling Americans is as easy as it gets. Let's create a virtual Wagner 1/1 and get rich!!!

[I Only Smoke 4 the Cards]

This is insane.

Sent from my SM-G973U using Tapatalk

[The Nasty Nati]

...And people don't think we are in a card bubble.

People are getting so desperate to buy anything nowadays, including a video that ANYONE can watch anytime on YouTube.

[swarmee]

So, on a lark I threw $200 at this TopShot, and have now purchased three video clips for a total of $20. They are completely sold out of packs at this time. And surprisingly, you can't sell packs to anyone. Some other blockchain games allow you to, and that would make it even more interesting, because once the print run sells out, you now have one of the few remaining unopened packs. The site even links you to clips where other users open packs live on Youtube, so it's not just you and the screen, it's you and your online followers watching pack openings. Kind of like Vintage Breaks, but digitally.

Looking forward to having $5,000 in my account next week from flipping...

[Casey2296]

im sitting here eating a Panini sandwich and just bought two cards on my set building checklist. I've seen 3 examples of each card, I'm sure there's more but I haven't seen them. I'm not sure I would have the same feeling of satisfaction buying an electronic bit on the come from some boiled chicken Ponzi scheme.

I'll save that for when the market opens on Tuesday morning.

[Aquarian Sports Cards]

I just watched $30 million worth of clips on youtube #likeaboss.

[Mark17]

Originally Posted by Aquarian Sports Cards

I just watched $30 million worth of clips on youtube #likeaboss.

Watching is not owning.

[todeen]

Originally Posted by Aquarian Sports Cards

I just watched $30 million worth of clips on youtube #likeaboss.

Like a boss! Make sure you eat!

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[jboosted92]

im more concerned how a 1989 upper deck griffey PSA 10 is now 5,000 and a 82 traded ripken is 8,000

lol

[todeen]

How about a digital clip of Lou Pinella yelling at umpires? There could be common moments, and his more outstanding antics could be cool cats moments.

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[doug.goodman]

https://nbatopshot.com/moment/evanbr...d-016b53ae99d7

You're welcome

[Johnny630]

Pyramid Scheme

[Leon]

Originally Posted by Johnny630

Pyramid Scheme

Bitcoin too if you ask me.
I can't imagine buying a frame of a play on the internet. Who wants to buy the moon? I will sell it cheaply.

.

[rjackson44]

Originally Posted by Leon

Bitcoin too if you ask me.
I can't imagine buying a frame of a play on the internet. Who wants to buy the moon? I will sell it cheaply.

.

lol leon

[Eric72]

Originally Posted by Leon

Bitcoin too if you ask me.
I can't imagine buying a frame of a play on the internet. Who wants to buy the moon? I will sell it cheaply.

.

Moons? Pffft. Overproduced. Lots of planets have them.

[egri]

Originally Posted by Leon

Bitcoin too if you ask me.
I can't imagine buying a frame of a play on the internet. Who wants to buy the moon? I will sell it cheaply.

.

Originally Posted by Eric72

Moons? Pffft. Overproduced. Lots of planets have them.

If these things had been around in 2006, we'd be reading about how holders of Pluto took a bath when it was downgraded to a dwarf planet.