Sports Card DAO

[maniac_73]

Originally Posted by Peter_Spaeth

Out of my league, but DISCORD server seems an ironic name.

Interesting topic, I guess my principal concern would be I don't think having a lot of money always translates into investing wisdom in the card world; from what I've seen guys with a lot of money often just pay what it takes to win and are not very sophisticated or price savvy about it.

I’m actually enjoying the learning that I’m doing about it and the conversation here is sparking questions and different avenues to continue learning. New tech and ideas are always questioned at first as they should be. I mean if Net54 existed when ebay came out, we would’ve had some people saying it would change the card industry, some people who were interested and wanted to learn more and others who thought it was a scam and disaster that would never catch on lol.


Sent from my iPad using Tapatalk

[Peter_Spaeth]

Originally Posted by maniac_73

I’m actually enjoying the learning that I’m doing about it and the conversation here is sparking questions and different avenues to continue learning. New tech and ideas are always questioned at first as they should be. I mean if Net54 existed when ebay came out, we would’ve had some people saying it would change the card industry, some people who were interested and wanted to learn more and others who thought it was a scam and disaster that would never catch on lol.


Sent from my iPad using Tapatalk

Yes, they mocked Galileo too, and imprisoned him. Resistance to new ideas is human nature. As Schopenhauer said, I think it was him, all truths go through three stages. First, they are ridiculed. Then, they are violently opposed. Finally, they are accepted as self-evident. End of pretentious post.

That said, I find this investment vehicle dubious LOL.

[Lorewalker]

Originally Posted by maniac_73

I’m actually enjoying the learning that I’m doing about it and the conversation here is sparking questions and different avenues to continue learning. New tech and ideas are always questioned at first as they should be. I mean if Net54 existed when ebay came out, we would’ve had some people saying it would change the card industry, some people who were interested and wanted to learn more and others who thought it was a scam and disaster that would never catch on lol.


Sent from my iPad using Tapatalk

Ok...once more with feeling...Which of the fractional owners posses or has access to said purchases? Is that up for a vote too?

[Huysmans]

This is the kind of shit that in my humble opinion is ruining the hobby.
The more money and "investors" that enter the hobby, the worse off it becomes.
In fact, I can't see anyone successfully arguing that.
Shilling, card doctors, cracked slabs, fake autographs... these detriments to the hobby only INCREASE as prices go up, and NEVER the other way around. lol
Ask yourself this honest question.... If EVERY card tomorrow was valued at $1 dollar, and all the "investors" faded away instantly, how much fraud would there be in the hobby?.... Literally none.

I care about COLLECTING when it comes to cards and memorabilia, and nothing else, and a lot of it is about preserving items and serving as custodian so that future collectors can also enjoy them.

It's not about trying to make money and profit off of what is a "hobby" for me, but to each his own I guess.

[Leon]

Originally Posted by Huysmans

This is the kind of shit that in my humble opinion is ruining the hobby.
The more money and "investors" that enter the hobby, the worse off it becomes.
In fact, I can't see anyone successfully arguing that.
Shilling, card doctors, cracked slabs, fake autographs... these detriments to the hobby only INCREASE as prices go up, and NEVER the other way around. lol
Ask yourself this honest question.... If EVERY card tomorrow was valued at $1 dollar, and all the "investors" faded away instantly, how much fraud would there be in the hobby?.... Literally none.

I care about COLLECTING when it comes to cards and memorabilia, and nothing else, and a lot of it is about preserving items and serving as custodian so that future collectors can also enjoy them.

It's not about trying to make money and profit off of what is a "hobby" for me, but to each his own I guess.

That's the thing, Brent. It is not a hobby to many that are in it now. It is just trying to make a quick buck.
I would collect even more if everything were a buck! And then the foiks who ONLY see dollar signs would leave. I, and many on this forum, would be happy.
.

[obcbobd]

Originally Posted by Leon

That's the thing, Brent. It is not a hobby to many that are in it now. It is just trying to make a quick buck.
I would collect even more if everything were a buck! And then the foiks who ONLY see dollar signs would leave. I, and many on this forum, would be happy.
.

Yes!

Sometimes I wish that baseball would have another crippling strike, maybe some more scandals with it's popularity plummeting. This would cause investors in BB cards to abandon the market. Leaving it to collectors.

A man can dream!

[skelly423]

Originally Posted by obcbobd

Sometimes I wish that baseball would have another crippling strike, maybe some more scandals with it's popularity plummeting. This would cause investors in BB cards to abandon the market. Leaving it to collectors.

A man can dream!

I may have some very good news for you...

[jingram058]

Originally Posted by Leon

That's the thing, Brent. It is not a hobby to many that are in it now. It is just trying to make a quick buck.
I would collect even more if everything were a buck! And then the foiks who ONLY see dollar signs would leave. I, and many on this forum, would be happy.
.

+1 and amen to that, Leon.

[maniac_73]

Originally Posted by Huysmans

This is the kind of shit that in my humble opinion is ruining the hobby.
The more money and "investors" that enter the hobby, the worse off it becomes.
In fact, I can't see anyone successfully arguing that.
Shilling, card doctors, cracked slabs, fake autographs... these detriments to the hobby only INCREASE as prices go up, and NEVER the other way around. lol
Ask yourself this honest question.... If EVERY card tomorrow was valued at $1 dollar, and all the "investors" faded away instantly, how much fraud would there be in the hobby?.... Literally none.

I care about COLLECTING when it comes to cards and memorabilia, and nothing else, and a lot of it is about preserving items and serving as custodian so that future collectors can also enjoy them.

It's not about trying to make money and profit off of what is a "hobby" for me, but to each his own I guess.

I see what ur saying. I look at it like fine art. If you want to collect or invest there is something for you in it.


Sent from my iPhone using Tapatalk

[Bigdaddy]

Originally Posted by Huysmans

This is the kind of shit that in my humble opinion is ruining the hobby.
The more money and "investors" that enter the hobby, the worse off it becomes.
In fact, I can't see anyone successfully arguing that.
Shilling, card doctors, cracked slabs, fake autographs... these detriments to the hobby only INCREASE as prices go up, and NEVER the other way around. lol
Ask yourself this honest question.... If EVERY card tomorrow was valued at $1 dollar, and all the "investors" faded away instantly, how much fraud would there be in the hobby?.... Literally none.

I care about COLLECTING when it comes to cards and memorabilia, and nothing else, and a lot of it is about preserving items and serving as custodian so that future collectors can also enjoy them.

It's not about trying to make money and profit off of what is a "hobby" for me, but to each his own I guess.

That's the thing, Brent. If all cards were valued at $1, then we wouldn't have a National Convention, local card shops and shows, Net54, supplies for displaying and preserving our collections, access to other collectors to buy-sell-trade with, and all the other venues we now routinely use to build our collections. Without the money factor, many people are just not interested. It's no coincidence that the rise of many of the things mentioned above paralleled the rising value of sportscards. I'm sure there are plenty of other things to collect - old buttons, matchbook covers, milk bottles, Slurpee cups, cigarette butts, rusty nails, etc., that the 'investors' have not infiltrated. And the other thing with devalued cards, many of them would just be thrown out - there would be no new 'finds' as they would be sent straight to the dump.

Money in the hobby is not all bad.

And I'm a collector, just one that has learned to take the good with the bad as far as money entering the hobby.

[drcy]

It's an intriguing concept, though seems more like a game than collecting.

However, my key question is: Is a "pure democracy" is a good investment strategy? I would imagine not.

[x2drich2000]

Per the OP the group would be to have group of cards, so essentially you would need to join the group, commit to financing before evening knowing exactly what the group would be elect to purchase. Imagine joining expecting to purchase a high grade Ruths/Cobbs and getting stuck with some modern basketball patch cards instead.

[maniac_73]

Hey Everybody, loving this conversation and questions (both positive and negative lol). Just as an update, the DAO has been created as a closed DAO with some really great members. I wont say who they are but if they want to disclose then that is their choice. Let's keep this convo going though as its a really interesting topic and one that will continue to evolve as this space evolves.

[drcy]

Originally Posted by x2drich2000

Per the OP the group would be to have group of cards, so essentially you would need to join the group, commit to financing before evening knowing exactly what the group would be elect to purchase. Imagine joining expecting to purchase a high grade Ruths/Cobbs and getting stuck with some modern basketball patch cards instead.

Pokeman, Lady Gaga concert-used swatch card

[cardsagain74]

Originally Posted by Bigdaddy

That's the thing, Brent. If all cards were valued at $1, then we wouldn't have a National Convention, local card shops and shows, Net54, supplies for displaying and preserving our collections, access to other collectors to buy-sell-trade with, and all the other venues we now routinely use to build our collections. Without the money factor, many people are just not interested. It's no coincidence that the rise of many of the things mentioned above paralleled the rising value of sportscards. I'm sure there are plenty of other things to collect - old buttons, matchbook covers, milk bottles, Slurpee cups, cigarette butts, rusty nails, etc., that the 'investors' have not infiltrated. And the other thing with devalued cards, many of them would just be thrown out - there would be no new 'finds' as they would be sent straight to the dump.

Money in the hobby is not all bad.

And I'm a collector, just one that has learned to take the good with the bad as far as money entering the hobby.

Exactly.

Endlessly fascinating when some people can't see all the factors on both sides of this coin. And the focus on only the negative just resonates so unhealthily

[Huysmans]

Originally Posted by Bigdaddy

That's the thing, Brent. If all cards were valued at $1, then we wouldn't have a National Convention, local card shops and shows, Net54, supplies for displaying and preserving our collections, access to other collectors to buy-sell-trade with, and all the other venues we now routinely use to build our collections. Without the money factor, many people are just not interested. It's no coincidence that the rise of many of the things mentioned above paralleled the rising value of sportscards. I'm sure there are plenty of other things to collect - old buttons, matchbook covers, milk bottles, Slurpee cups, cigarette butts, rusty nails, etc., that the 'investors' have not infiltrated. And the other thing with devalued cards, many of them would just be thrown out - there would be no new 'finds' as they would be sent straight to the dump.

Money in the hobby is not all bad.

And I'm a collector, just one that has learned to take the good with the bad as far as money entering the hobby.

The problem with this statement is that essentially it’s not at all accurate.
There was a hobby long before the National Convention, local card shops and shows, and early collectors had no problem finding cards as well as other collectors to trade with, all before money was a factor at all. They also preserved much of the supply of what exists today for prewar cards, and again, they had no trouble doing this despite no hobby supplies for the most part existing.
And guess how much fraud was in the hobby then??

These were the actual “collectors” in their truest and purist form, not the modern investa-collector who thinks there needs to be money or the desire for profit just to have interest in the hobby. Unlike many here, they did it for just the love of cards. They existed before, and certainly, they can exist now despite how nefarious the “hobby” has become, which includes the endless contemporary influx of investors who care nothing whatsoever about actual cards.

[cardsagain74]

Originally Posted by Huysmans

There was a hobby long before the National Convention, local card shops and shows, and early collectors had no problem finding cards as well as other collectors to trade with, all before money was a factor at all.

Equating the (pre and post NSCC era) ease of collectors finding most of the cards they need is laughable.

[maniac_73]

Originally Posted by Lorewalker

Ok...once more with feeling...Which of the fractional owners posses or has access to said purchases? Is that up for a vote too?

Yes, there would be put forth proposals by the group on what to do and that would be voted on. The most likely scenario would be to work with one of the vault companies and store it in there but that’s up to the collective to decide


Sent from my iPhone using Tapatalk