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

[BradW]

Am I reading the Topshot terms correctly? That even once withdraw is possible, there is a $25 processing fees for each withdraw? That seems excessive to me for an item/app that is dependent on a viable marketplace for its longterm success.

[swarmee]

Originally Posted by BradW

Am I reading the Topshot terms correctly? That even once withdraw is possible, there is a $25 processing fees for each withdraw? That seems excessive to me for an item/app that is dependent on a viable marketplace for its longterm success.

It wouldn't surprise me. Blockchain providers charge to transfer funds, so they want to cover that "miner fee" when they give your cash back to you. They also need to hire a bunch of staff to watch all this stuff, which also takes fees. But the withdraw fee would only be charged when you cash out to PayPal or wherever you deposit to. That wouldn't be for every transaction. That's only the 5% transaction fee for selling an item inside the site.

[slightlyrounded]

Originally Posted by swarmee

It wouldn't surprise me. Blockchain providers charge to transfer funds, so they want to cover that "miner fee" when they give your cash back to you. They also need to hire a bunch of staff to watch all this stuff, which also takes fees. But the withdraw fee would only be charged when you cash out to PayPal or wherever you deposit to. That wouldn't be for every transaction. That's only the 5% transaction fee for selling an item inside the site.

Indistinguishable from an unlicensed casino at the end of the day. NBA has a class-action coming at the end of this.

[Chicosbailbonds]

How does one become a social media influencer?

[swarmee]

Originally Posted by Chicosbailbonds

How does one become a social media influencer?

Open Youtube or Twitch channel or Twitter account, start livestreaming yourself playing video games, putting on makeup, or teaching people how to INVE$$$T, then gainer viewership. If you're not aware of the concept, there are people earning millions just by monetizing their followers on social media. Then when you're popular, people give you stuff to shout out their company to your loyal sheep.

[swarmee]

And the video clip that started the thread is currently at $82,000 + BP with 2.5 hours remaining in the auction.

[chadeast]

Originally Posted by swarmee

And the video clip that started the thread is currently at $82,000 + BP with 2.5 hours remaining in the auction.

Still in extended bidding, now at $162,000 w/ BP. The way in which this item is valued is beyond my comprehension.

[Gary Dunaier]

Originally Posted by Chicosbailbonds

How does one become a social media influencer?

I'd like to know too. Asking for myself a friend...

[pokerplyr80]

Originally Posted by Gary Dunaier

I'd like to know too. Asking for myself a friend...

Well being young, attractive, and/or already famous helps. Assuming that, like me, you're none of these three you'll have to come up with content people want to see.

[chalupacollects]

Originally Posted by Chicosbailbonds

How does one become a social media influencer?

you basically beg for free stuff and then brag about it...

[BobbyStrawberry]

Here's another interesting one... $2.5 mil to own a tweet, anyone?

https://www.bbc.com/news/world-us-canada-56307153

[thecatspajamas]

Originally Posted by BobbyStrawberry

Here's another interesting one... $2.5 mil to own a tweet, anyone?

https://www.bbc.com/news/world-us-canada-56307153

So how long before PSA begins certifying metadata?