Topps NFT Problems

[BobbyStrawberry]

In other NFT news....

https://www.coindesk.com/policy/2023...-29m-rug-pull/

[D. Bergin]

Everybody wants to be the next Bernie Madoff. Crypto and NFT's just made it easier.

I'm far from a financial genius, but I can't believe that anybody is surprised by any of this.

Almost every Major League Sports and "Sports Entertainment" entity got in bed with these NFT con artists. Led by people in the financial sector who should know better.

[BobbyStrawberry]

Originally Posted by D. Bergin

Everybody wants to be the next Bernie Madoff. Crypto and NFT's just made it easier.

I'm far from a financial genius, but I can't believe that anybody is surprised by any of this.

Almost every Major League Sports and "Sports Entertainment" entity got in bed with these NFT con artists. Led by people in the financial sector who should know better.

I think they do know better - they just don't care. After all, when they screw up, the government just bails them out so they can do it all over again.

[D. Bergin]

Originally Posted by BobbyStrawberry

I think they do know better - they just don't care. After all, when they screw up, the government just bails them out so they can do it all over again.

I was mainly referring to all these sports and entertainment entities that bought into the NFT hype, and the people in charge of their finances that let them to do this.

I don't think any of this trash is going to be deemed "Too Big To Fail", and I don't think the people in charge of FTX and the like are going to get bailed out.

The ones who don't get prosecuted will however give themselves giant severance packages on the way out, leaving everybody else holding the bag.

[BobbyStrawberry]

Originally Posted by D. Bergin

I was mainly referring to all these sports and entertainment entities that bought into the NFT hype, and the people in charge of their finances that let them to do this.

I don't think any of this trash is going to be deemed "Too Big To Fail", and I don't think the people in charge of FTX and the like are going to get bailed out.

The ones who don't get prosecuted will however give themselves giant severance packages on the way out, leaving everybody else holding the bag.

Gotcha - in that case I understand your point and agree. No sympathy for these crypto con artist bros from me.

[Exhibitman]

From my column a few weeks ago:

https://adamstevenwarshaw.substack.com/p/cut-the-crap

"...don’t get me started on the infected anal fissure that is crypto, though it has been fun watching the arrogant crypto-bros getting gelded this year; the word for the day is “schadenfreude” when it comes to those insufferable dicks. Suffice it to say that when you have an unregulated market the crooks, cons and swindlers have a field day with the true believers stupid enough to trust them with their money."

Same goes for NFTs. Who could have foreseen a calamitous situation there? Well, everyone.

GEORGE: See, this should be a collectible. This is the collectible.

JERRY: What?

GEORGE: This. Just a short video clip that is online.

JERRY: (dismissing) Yeah, right.

GEORGE: I'm really serious. I think that's a good idea.

JERRY: A non-existent collectible that no one issues and no one can touch? Well, what's the collector get?

GEORGE: Nothing.

JERRY: No real item?

GEORGE: No, forget the real item.

JERRY: You've got to have something to collect.

GEORGE: Who says you gotta have that?

JERRY: And who supports this item? What does it look like?

GEORGE: Anything. I could be on a clip.

JERRY: You?

GEORGE: Yeah. You could base a clip on me.

JERRY: So, there's a clip showing George Costanza?

GEORGE: Yeah. There's something wrong with that? I'm a character. People are always saying to me, "You know you're a quite a character."

JERRY: And who else is on a clip?

GEORGE: Elaine could be a clip. Kramer...

JERRY: Now he's a character. (Pause) So anybody I know gets to be on a clip?

GEORGE: Right.

JERRY: And it's a collectible that doesn't exist and is backed by no one and nothing?

GEORGE: Absolutely nothing.

JERRY: So you're saying, I go in to Topps, and tell them I got this idea for a collectible that is nothing.

GEORGE: We go into Topps.

JERRY: "We"? Since when are you a writer?

GEORGE: (Scoffs) Writer. We're talking about a baseball card maker.

JERRY: You want to go with me to Topps?

GEORGE: Yeah. I think we really got something here.

JERRY: What do we got?

GEORGE: An idea.

JERRY: What idea?

GEORGE: An idea for a collectible.

JERRY: I still don't know what the idea is.

GEORGE: It's nothing.

JERRY: Right.

GEORGE: Everybody's making something, we'll make nothing.

JERRY: So, we go into Topps, we tell them we've got an idea for a collectible that is nothing.

GEORGE: Exactly.

JERRY: They say, "What's your collectible made of?" I say, "Nothing."

GEORGE: There you go.

(A moment passes)

JERRY: (Nodding) I think you may have something there.

[todeen]

Originally Posted by Exhibitman

From my column a few weeks ago:



https://adamstevenwarshaw.substack.com/p/cut-the-crap



"...don’t get me started on the infected anal fissure that is crypto, though it has been fun watching the arrogant crypto-bros getting gelded this year; the word for the day is “schadenfreude” when it comes to those insufferable dicks. Suffice it to say that when you have an unregulated market the crooks, cons and swindlers have a field day with the true believers stupid enough to trust them with their money."



Same goes for NFTs. Who could have foreseen a calamitous situation there? Well, everyone.



GEORGE: See, this should be a collectible. This is the collectible.



JERRY: What?



GEORGE: This. Just a short video clip that is online.



JERRY: (dismissing) Yeah, right.



GEORGE: I'm really serious. I think that's a good idea.



JERRY: A non-existent collectible that no one issues and no one can touch? Well, what's the collector get?



GEORGE: Nothing.



JERRY: No real item?



GEORGE: No, forget the real item.



JERRY: You've got to have something to collect.



GEORGE: Who says you gotta have that?



JERRY: And who supports this item? What does it look like?



GEORGE: Anything. I could be on a clip.



JERRY: You?



GEORGE: Yeah. You could base a clip on me.



JERRY: So, there's a clip showing George Costanza?



GEORGE: Yeah. There's something wrong with that? I'm a character. People are always saying to me, "You know you're a quite a character."



JERRY: And who else is on a clip?



GEORGE: Elaine could be a clip. Kramer...



JERRY: Now he's a character. (Pause) So anybody I know gets to be on a clip?



GEORGE: Right.



JERRY: And it's a collectible that doesn't exist and is backed by no one and nothing?



GEORGE: Absolutely nothing.



JERRY: So you're saying, I go in to Topps, and tell them I got this idea for a collectible that is nothing.



GEORGE: We go into Topps.



JERRY: "We"? Since when are you a writer?



GEORGE: (Scoffs) Writer. We're talking about a baseball card maker.



JERRY: You want to go with me to Topps?



GEORGE: Yeah. I think we really got something here.



JERRY: What do we got?



GEORGE: An idea.



JERRY: What idea?



GEORGE: An idea for a collectible.



JERRY: I still don't know what the idea is.



GEORGE: It's nothing.



JERRY: Right.



GEORGE: Everybody's making something, we'll make nothing.



JERRY: So, we go into Topps, we tell them we've got an idea for a collectible that is nothing.



GEORGE: Exactly.



JERRY: They say, "What's your collectible made of?" I say, "Nothing."



GEORGE: There you go.



(A moment passes)



JERRY: (Nodding) I think you may have something there.

my wife is having me watch Seinfeld now. I was too young to appreciate it when it was running the first time around. But I'm howling at some of the episodes. Second spitter was a great episode.

Your commentary is on the money

Sent from my SM-G9900 using Tapatalk

[mrreality68]

Originally Posted by BobbyStrawberry

Gotcha - in that case I understand your point and agree. No sympathy for these crypto con artist bros from me.

+1 Agree

and hopefully the rest just have small investments and thus small loses because the money in most cases is gone