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

[Casey2296]

Smells of the same old snake oil pitch ala Milken in the 80's, leveraged CDO's in 06, etc. I saw no part of the pitch that said you get residuals as owner of your virtual clip when it's played, maybe I missed something, or that might be a different pitch.

There's is so much wrong with this and the guy who's gonna get hurt most is the little guy who can't afford to lose it. Like that idiot Mayor of Miami who wants to give all city employees the option to be paid in bitcoin. Soon the pension funds will be chasing returns in these poorly concocted schemes and when they don't perform as "promised" the little guy will be left holding the bag.

That being said, I hope this is wildly popular and everybody wants so badly to get in on owning a piece of digital microfiche securely tucked away in a block chain cloud that the market for a 51B Mantle craters (I need one for my PC).

[Tao_Moko]

"but different in the sense that the traded components are valued according to their specific contents and rarity thereof"

Let me get this right. I can create virtual "rarity"in any amount and monetize it? This is the antithesis of rarity.

[swarmee]

Originally Posted by Tao_Moko

Let me get this right. I can create virtual "rarity"in any amount and monetize it?

The trick is, you have to convince other people it has value. So start a cook group and Youtube channel, and watch the Dogecoin roll in.

[Tao_Moko]

Originally Posted by swarmee

The trick is, you have to convince other people it has value. So start a cook group and Youtube channel, and watch the Dogecoin roll in.

Well, fooling Americans is as easy as it gets. Let's create a virtual Wagner 1/1 and get rich!!!

[glchen]

It is times when I read things like this where I think people really have to know better. Folks are screaming that this is a bubble. If people are investing in these type of things and lose their life savings, whose fault is it? Is it all of these news articles hyping the skyrocketing card prices? People have to realize if they are putting big money into these type of assets, they may lose it all, and have no one to blame but themselves.

[rjackson44]

Im buying vintage hockey 👍

[Johnny630]

This hobby has been driven to new highs by gamblers, investors, and speculators.

Some price increases are fundamentally natural and correct.

Many others are complete utter BS.