Lol
I donât think it is a spicy take. Blockchain is a technologically superior way of doing collectibles. I would bet on that version winning out long term. Physicals that existed prior to the creation of NFTs I think will continue to accrue value (Mona Lisa, Charizard, PSA10 Jordan) but I think that as the years go on the market cap of newly released collectibles will shift more and more towards NFTs.
I think thatâs somewhat understandable. My gripe would be that the internet in 2021 is so wildly different from even say, 2008. The internet wonât look like it does now in 2035. Iâm not smart enough to know how it will change, but no one saw FB/IG/Youtube taking over the world and killing thousands of smaller sites/message boards.
Iâd also be worried about the NFT space being flooded in get rich quick schemes. Weâve seen topshot have too many moments, which creator cares about 10+ years from now?
I just donât see NFTs ever becoming more valuable long term in things like collectibles or memorabilia or art.
What makes sports collectibles or antiques valuable is that they have history and they are unique. Game worn jerseys, or used bats, or historical artifacts with a known owner are valuable because they canât be replicated or replaced. NFTs might be a better way to verify authenticity and to store these things, but there are limits to how cool or how unique something can be that only exists in the digital space.
1 Like
20 years ago, I would have thought that we would have personal AIs curating our online experience. Facebook algorithms are a step in that direction, but primitive compared to what I envision. When phones become powerful enough to do that level of computing, we will see a shift away from doing things in the cloud and back towards your personal device being more central to your experience.
Thereâs space for both as the leisure class grows, but NFTs are about as likely to completely replace physical collectibles as watching porn is to completely replace having actual sex.
- Weâre all becoming more and more digital every day
- Do you even Pak bro?
1 Like
Wake me up when food and sex are completely digital.
Me too friend.
1 Like
Weâre definitely drawing live to this. The food and sex experiences will be inside a/the metaverse. For example, you eat a capsule IRL, or itâs even just some nutrition injection or w/e⊠but in the metaverse, youâll have the perception (taste/feel/etc) of eating a steak or whatever food. The sex stuff will probably get there a lot faster than food. This stuff is all a lot further out than NFTs getting big though.
1 Like
I can accept that for the old cards and actual memorabilia, but the new stuff is all bells and whistles and scarcity for the sake of scarcity. A game worn jersey is cool, a card with a patch that claims to be game worn isnât in the same way. Legitimate game worn stuff/signed bats, etc. was scarce because there were only so many games and thus a limited number of jerseys, now guys will just put on 20 jerseys and give them all the the card company to be cut up and sold - the only scarcity is how many the card company decides to make.
Sports memorabilia used to be collected so it could be displayed - in which case you could argue itâs different in a way than NFTs. Current sports stuff isnât - people only buy it because of false scarcity and speculation.
Just read this article on Panini refractors and its as dumb as anything in NFT land. Itâs just different versions of the same card, with slightly different colors to create artificial scarcity and value. No one is buying the âWhite Sparkleâ version because itâs a better collectable than the base version, itâs because they think another idiot will pay more in a few years for it.
The stock market and crypto trading can be somewhat compared to a live poker like thisâŠ
Itâs a 6 handed nlh game but instead of a 5% rake, the pot is juiced 5% each hand. Unfortunately, in this fucking game you have no prior knowledge of hold-em, other than basic rules and hand rankings. Youâve never been able to read a book worthwhile on the subject and there isnât any helpful videos. Futhermore, every player in the game is a the holdem specialist with a laptop in front of them with piosolver fired up and they know how to use that shit, swiftly.
Since they know youâre terrible, theyâre not interested in GTO play but instead are going to focus on a super exploitative strategy for maximum returns! Theyâre going to cast out all kinds of deceitful t̶e̶l̶l̶s̶ ânewsâ, and tell you that youâre just running bad and are due for a t̶u̶r̶n̶i̶n̶g̶ ̶p̶o̶i̶n̶t̶ support levels to kick in.
From what youâve noticed so far in this game, you now got a primer for basic strategy and have started implementing it by 3-betting 72o pre and 10x potting the river with the second nuts but just canât seem to figure out why the fuck youâre still losingâŠuntil you realize that best and only strategy in this game is to realize that everything youâve been directed to believe to be correct has been total bullshit for maximum ownage against you.
1 Like
When you say âsolutionâ what problem are you referring to?
enjoy!
2 Likes
2 Likes