That's one I paid a couple bucks for.

As im sitting in a hospital i have two choices psa 5 pistol pete r.c ,,or a video of pistol pete pulling up his socks ,,hmmmm.

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.

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

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.

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

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

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.

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

Chad lol your funny

And then there's this:
https://forums.collectors.com/discus...-getting-silly

They're dropping a couple of more packs this weekend, with three possible times to get the limit of 1 pack per person. Anyone trying to buy multiple will theoretically have their account(s) shut down. And once you win and purchase your pack, it will immediately be worth hundreds. And they've only just begun pumping it using the NBA players' social media accounts.

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

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?

In case anyone cares, my new band will be called The Non Fungible Tokens.

Sounds like a penny stock boiler room.

"I read this article a while back that said that Microsoft employs more millionaire secretaries than any other company in the world. They took stock options over Christmas bonuses. It was a good move. I remember there was this photograph of one of the groundskeepers next to his Ferrari. Blew my mind. You see shit like that, and it just plants seeds, makes you think it's possible, even easy. And then you turn on the TV, and there's just more of it. The 87 million dollar lottery winner. That kid actor that just made $20 million on his last movie. That internet stock that shot through the roof. You could have made millions on it if you'd just got in early. And that's exactly what I wanted to do: get in. I didn't want to be an innovator. I just wanted to make the quick and easy buck. I just wanted in."

Ha!

The more I read about this the more it looks to me like phony-baloney demand for an otherwise uninteresting thing ginned up by a savvy media campaign and perpetuated by the equivalent of a velvet rope in front of the bar to restrict entry and raise the level of FOMO to a frenzy. Hard pass.

It reminds me of Seinfeld: A show about nothing.

But then again, look at how many hundreds of millions that "show about nothing" raked in.....

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.

That's an episode!!!!

All I can say is LOL!!!!!!!!!!!!

Brilliant!!!!! And it describes these video clips perfectly - they are nothing. Air.

So's cryptocurrency! Heck so is the USD at this point!!!!

I'd like to see them do that episode with Abbott and Costello guest starring.

Basically just high tech Sportflics.

I don't understand the hype with these, but I got one of the $14 packs over the weekend out of curiosity. I couldn't list the cards right away but logged in tonight to list them. I was restricted to 1 listing per hour but each of the 3 cards I listed sold within 2 minutes of listing them.

The sales were:
Damian Lillard 3 Point Shot /10,000 - $175 (which was immediately re-sold 2 minutes later for $194)
Tyrese Haliburton Dunk /35,000+ - $30
Collin Sexton 3 Point Shot /35,000+ - $8

I'm still not sure what to make of all this but it was very interesting.

MLB and the NFL should set up databases and "sell ownership" of all the games ever played in their respective leagues. For example, you buy a "pack" of MLB games for $20 and get 5 games, for instance 6/7/1962 Mets-Giants, 8/1/1936 White Sox-Red Sox, 1940 World Series Game 3, and so on. Then you are the registered "owner" of those games and can sell them in a marketplace, adding a small transaction fee.

Imagine if this caught on.... One day, the big event, REA or Sotheby's or some major AH, working with MLB, auctions off some of the big ones:

Ruth's called shot
A couple of Koufax' no-hitters
The Merkle game
And several noteworthy World Series games, like Mazeroski, Reggie, Jack Morris, Johnny Podres, Grover Alexander.

Of course, the winners don't actually "own" anything - they are just the designated "owner" of those games in the MLB database, which is public and confers nothing excerpt bragging rights.

OK, I'll admit it, I'm a simple guy.

I can be very satisfied sipping a little Scotch, and reading and feeling a piece of cardboard with some dead (or still living) guy printed on it with along with some statistics or facts.

I have some original sports related art that was hand drawn that I find even more satisfying.

There's an oil painting of a waterfront hanging on the wall behind me that adds a little something to the feel of the room. I bought it specifically for this room.


Now . . . Christie's first NFT art auction has closed at $69 MILLION!
https://finance.yahoo.com/news/chris...205146239.html

$69 MILLION ?

NFT ?

To me it seems more like WTF !



Again, I'm just a simple man and this is obviously way above anything that I can understand or comprehend.


.

Costello: I understand they made you the production manager of this here whole new product line.
Abbott: Why not?
Costello: So you’re the production manager?
Abbott: I'm the manager!
Costello: Well, you know, I'd like to know something about what you produce.
Abbott: Why sure I'll explain it to you. Well, let's see, we have uh nothing in the office, nothing in the warehouse, nothing anyone actually owns...
Costello: Are you the production manager?
Abbott: Yes.
Costello: You manage production?
Abbott: I sure do.
Costello: Then tell me what you produce.
Abbott: I say, we have nothing in the office, nothing in the warehouse, nothing anyone actually owns...
Costello: You’re the production manager?
Abbott: Yes.
Costello: You handle this product line?
Abbott: I'm telling you I do!
Costello: Well what do you make?
Abbott: Nothing.
Costello: Go ahead and tell me.
Abbott: I’m telling you nothing.
Costello: What you make.
Abbott: Nothing.
Costello: The product you produce.
Abbott: Nothing.
Costello: The product your line produces.
Abbott: It’s nothing!
Costello: You ain't tellin' me nothin' is the product?
Abbott: That's it!
Costello: Well go ahead and tell me.
Abbott: What!
Costello: The product.
Abbott: Nothing.
Costello: That's what you make?
Abbott: Yes.
Costello: Well go ahead and tell me.
Abbott: I’m telling you, nothing!
Costello: Nothing?
Abbott: Yeah!
Costello: Well go ahead and tell me!
Abbott: Nothing.
Costello: What are you telling me nothing for?
Abbott: That's it.
Costello: Well go ahead and tell me.
Abbott: What.
Costello: What you have in inventory.
Abbott: That's nothing.
Costello: Nothing is what you have?
Abbott: No, we sell something.
Costello: Well what is it?
Abbott: Nothing.
Costello: That's what I'm askin' you! What, do you sell nothing?
Abbott: Now wait a minute. Don’t...don’t accuse me of selling nothing, that would be fraud.
Costello: I'm not accusing you of fraud! I asked you a simple question. What’re you in charge of producing?
Abbott: Nothing.

Like everyone else I was confused and doubtful about this all...and then I got lucky enough to get two packs and pulled a Lamelo Ball Rising Stars which is a big hit going for 5k in the marketplace. Im all in now lol

Lemme see if I get this right: You sign up for this thing and you pay some money for a randomly assigned bit of data. The data is revealed and you see what you got. You then cash it out by selling it to another gambler.

Sounds like a slot machine with an extra step between you and the cash-out.

Has anyone been able to cash out significant sums of profit yet or is everybody just playing with monopoly money still?

I think once serious money can actually be taken out of the platform easily a lot of this will crash. Right now it seems to me its a lot of people just flipping imaginary digital items for imaginary digital cash while they're waiting to actually withdraw it.

I'm a tech savvy person and I understand how stuff like this works but I don't see the point of it. Other than to make seemingly easy money, which I'm sure the huge majority of people are in it for, but again none of this is real until you can put it in your bank account.

Some people are able to cash out, and are withdrawing some. Some are letting most ride since they still think they're in the early adopter stage.

Well, the easy money gravy train has come to a screeching halt for the TopShot program. When people could finally cash out, and a whole bunch of new blood came on site looking for the easy money, it caused "moments" to be overprinted heavily to meet the demand for packs. Single commons are now widely available for $2 each, even though they announced an interesting fact. Many of the original moments from first season (much lower print runs like 4K instead of the 40K now being made) were never sold in packs and are being stockpiled by the company. You will have the option this summer to redeem some number of moments to enter a lottery to buy packs from the original season. So you would think that singles would retain some value, but with the crypto industry taking a 50% haircut this week (#thanksElonMusk) the race to the bottom is in full force.

Good luck to those who bought moments for tens or hundreds of thousands each... as always, only gamble what you can afford to lose.

"Only when the tide goes out do you discover who has been swimming naked."

-Warren Buffett

I'm so happy I sold my Lamelo Ball Rising stars card that I pulled in a pack for 4700 in march when everyone was saying to hold onto it. It goes for 800 now.

While I am not active in the market it really is quite interesting. I find it amusing that a bunch of buys (myself include) see the value in a 1933 Goudey Ruth but not a color copy of it. Here's a half decent primer.

https://www.npr.org/2021/03/22/97998...fungible-token

Here is the $250k video for free
 

https://nbatopshot.com/moment/evanbr...d-016b53ae99d7

You're welcome

Pyramid Scheme

Bitcoin too if you ask me.
I can't imagine buying a frame of a play on the internet. Who wants to buy the moon? I will sell it cheaply.

.

lol leon

Moons? Pffft. Overproduced. Lots of planets have them.

:cool::):D

If these things had been around in 2006, we'd be reading about how holders of Pluto took a bath when it was downgraded to a dwarf planet.

Move over Covid, we have a new pandemic in town.