Damn I liked the old title
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I woke up in a bathtub full of ice missing a kidney. I looked over at the bathroom counter and there was a new MS Surface and somehow I found myself in a cyrpto discord server. Go figure.
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Notably, rare/vintage games have recently emerged as a significant collectorâs market rife with grifters, scammers, ridiculous sales numbers, etc. SEALED games graded by Wata especially exploded during the pandemic as did many other collectibles like Pokemon cards. Imma drop a name yâall hoped youâd never see again because heâs deep into the hobby and made waves recently (nobody had this on their Bingo card):
A few highlights:
https://twitter.com/SethAbramson/status/1429936236236529665
https://twitter.com/SethAbramson/status/1429936590550409221
https://twitter.com/SethAbramson/status/1429936971170844674
IOW heâs calling it a bubble perpetrated by speculators and market manipulators selling to greater fools. Nearly all of the arguments against NFTs are the same ones levied in all collectibles markets. You might think expensive ape gifs are dumb, but what about a $2M sealed copy of Super Marios Bros that you canât open? Itâs impossible to verify the contents of the box as was recently shown by Logan Paulâs fake resealed $2M Pokemon case.
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Is there a reason for the 5-10% notcoin today or should I just expect this with crypto?
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Tech stonks down big today too and crypto has been pretty correlated lately.
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reported that biden is going to have an executive order on crypto next week
but yeah as noted, itâs also a tech stonk and those go down so does crypto
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wouldnât trust wata for anything
like even the grade itself
some of those numbers posted werenât real sales too I know youâre shocked journalism goes for clickbait headlines rather than any sort of digging.
This actually sounds like a problem NFTs could solve!
logan pauls case actually wasnât a good fake if you carefully looked at it, those guys were just idiots
but Iâm sure thereâs good fakes out there of that stuff
like anything else if people can make money theyâre gonna try to fake it, most of them are poor fakes but some are good and can fool even some experts looking at them.
My default position is all graders are scammers. I hold a susbtantial amount of CIB / sealed product and the idea that this is going to be the new standard going forward is nauseating. Just checked to see how much they want for a CIB grade and holy shit did you think gas fees were high?
Yeah, you can identify bad fakes like the Paul but not the good ones, and the scammers are (correctly) banking on the fact that most will never be opened. Also, isnât it somewhat suspicious that a ton of 30-40 year old games suddenly start showing up encased in perfect shrink wrap?
Better for those two things (obfuscation, grader fees) and probably worse in other ways. To me itâs like online poker vs live poker where I can multi-table it at home in my underwear and avoid the annoying IRL aspects. Some people prefer handling real cards though which is fine.
some of the major ones in various industries arenât scams per se, but theyâre also humans and thereâs so much shit grading companies out there that anyone in the space would just ignore but might fool a casual
wata had the same people behind it that did a similar coin scam years ago
Seems like there should be more of this happening.
itâs over
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JP and JR are the quintessential representation of btc, imo.
With the opening of Stranglehold as they walk down the aisle.
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BAHAHAHAHAHA
Nah man this is how you know thereâs easy money to be made.
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Dammit, genuinely tempted to sell ma btc now