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  #1  
Old 02-13-2021, 11:12 AM
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Default Bidding currently at $30K on a fractional share of a video clip at Heritage Auctions

https://sports.ha.com/itm/2020-zion-...umbnail-071515

I sure hope all the sneakerbois, bitcoin guys, and Wall Street investors cling to this new concept. At least it will spare most of us from having to deal with them. But if it can't be trimmed and put into a PSA slab, I wonder if they'll really be interested.

The Greater Fools theory has found new legs in 2020-21 COVID Quarantines.
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  #2  
Old 02-13-2021, 11:20 AM
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Holy Cow.

I feel like that Heritage listing may be the precise moment the entire hobby went full Fonzi and jumped the shark.

Reading this: “The item itself is entirely virtual, exchanged through a blockchain format similar to Bitcoin in that regard but different in the sense that the traded components are valued according to their specific contents and rarity thereof. This product is effective ownership of a particular NBA play, with lower serial numbered examples considered more valuable than those with higher numbers.”

I am reminded of this speech from Billy Madison:

Mr Madison, what you've just said is one of the most insanely idiotic things I've ever heard. At no point in your rambling, incoherent response was there anything that could even be considered a rational thought. Everyone in this room is now dumber for having listened to it.
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  #3  
Old 02-13-2021, 11:54 AM
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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).
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Old 02-13-2021, 01:09 PM
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"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.
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Old 02-13-2021, 01:11 PM
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Quote:
Originally Posted by Tao_Moko View Post
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.
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  #6  
Old 02-13-2021, 01:15 PM
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Originally Posted by swarmee View Post
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!!!
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  #7  
Old 02-13-2021, 01:54 PM
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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.
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  #8  
Old 02-13-2021, 03:15 PM
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Im buying vintage hockey 👍
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  #9  
Old 02-13-2021, 03:24 PM
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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.
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  #10  
Old 02-13-2021, 03:51 PM
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If I win the auction can I pay with e-Topps cards?
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  #11  
Old 02-13-2021, 03:53 PM
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  #12  
Old 02-13-2021, 03:57 PM
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Default Whoa......

I just saved $29k...... I clicked the link and watched it for free!



Peace, Mike
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  #13  
Old 02-13-2021, 04:17 PM
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I don't understand this at all, but I'm sure almost as many people thinking paying 100k for a baseball card is as crazy as paying 100k for this.
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  #14  
Old 02-13-2021, 04:18 PM
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Quote:
Originally Posted by vansaad View Post
Aaron, I just watched that moment you own ten times. Guess I owe you 300k now so please let me pay in installments
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  #15  
Old 02-13-2021, 04:33 PM
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Just send me a pic of some gold bullion and weíll call it even.
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Aaron, I just watched that moment you own ten times. Guess I owe you 300k now so please let me pay in installments
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  #16  
Old 02-13-2021, 04:45 PM
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Well played, sir. Well played.
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  #17  
Old 02-13-2021, 04:59 PM
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Iím seriously interested because of the free shipping.
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  #18  
Old 02-13-2021, 05:06 PM
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Yes, but will PWCC keep it in their vault?
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  #19  
Old 02-13-2021, 05:19 PM
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LOL! Every time I think we're out of shame...........we find more of it.




Last edited by D. Bergin; 02-13-2021 at 05:20 PM.
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  #20  
Old 02-13-2021, 05:20 PM
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ďOnce you get locked into a serious drug collection, the tendency is to push it as far as you can.Ē (Hunter S. Thompson)
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  #21  
Old 02-13-2021, 05:26 PM
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I tried reading that description a half dozen times, and maybe I'm an idiot, but I still can't figure out exactly what they're selling.

Digital E-Cards............fine. Use it as a screensaver on your phone for a buck or two. I don't care.

A basketball video clip, to be traded like "Bitcoin"..................or something?

I'm sure that's a f*#king wonderful idea for a stable financial market.
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  #22  
Old 02-13-2021, 05:41 PM
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Let me get this straight: this is numbered as 1/192. So are there 192 similar video clips floating around? And this one is rarer because it is simply serial numbered #1?........
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  #23  
Old 02-13-2021, 05:49 PM
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Do you own the rights to the clip? Can you use it for marketing or advertising? I suppose I could see value in that.
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  #24  
Old 02-13-2021, 05:55 PM
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Quote:
Originally Posted by Econteachert205 View Post
ďOnce you get locked into a serious drug collection, the tendency is to push it as far as you can.Ē (Hunter S. Thompson)
I think we can shut the Boards down for 2021. We have a winner.
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  #25  
Old 02-13-2021, 05:57 PM
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Quote:
Originally Posted by pokerplyr80 View Post
Do you own the rights to the clip? Can you use it for marketing or advertising? I suppose I could see value in that.
Sure, you and 191 others...
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  #26  
Old 02-13-2021, 06:00 PM
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Quote:
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Sure, you and 191 others...
I can see 192 guys milling around a dark alley dressed in overcoats whispering "Hey, you wanna buy a basketball clip?"
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  #27  
Old 02-13-2021, 07:13 PM
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Quote:
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Yes, but will PWCC keep it in their vault?
No, they'll get it graded a 10 by psa eventhough it has a virus.
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  #28  
Old 02-13-2021, 07:24 PM
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Selling marketing/licensing rights to a famous sports play is one thing, but who wants to own a random dunk, block, etc., from a meaningless game, for ~$35k? Wonder what liquidity there is for this item.
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  #29  
Old 02-13-2021, 07:26 PM
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Here's the main blowout thread if you're interested in reading more from the beginning of the service.
https://www.blowoutforums.com/showthread.php?t=1415428

It's on the heels of the Panini Blockchain cards and Topps GPK blockchain cards, which are doing surprisingly well.
https://www.blowoutforums.com/showth...ght=blockchain
https://www.blowoutforums.com/showth...ght=blockchain
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  #30  
Old 02-13-2021, 08:09 PM
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There is a chapter in one of the Hitchikerís Guide to the Galaxy books that I remember reading as a kid in which a spaceship crashes on a forested planet and the survivors form a new society in which they use leaves as their currency. And so everyone devotes all their time to gathering up bigger piles of leaves to showcase their wealth to the other members of the new society. Since leaves are so commonplace on a forested planet you have to devote an extreme amount of labor to collecting enough to enter the wealthy elite. So much so that they donít have enough leftover for things like producing food or shelter or other necessities. So the society devolves quickly into a social order of starving people wearing rags haughtily sitting on massive piles of leaves since nobody ever thinks to question the underlying logic of their leaves based economic system.

Now that I find myself living in a society where people spend thousands of dollars on....whatever THAT is....I found that passage coming back to me for some reason.
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  #31  
Old 02-13-2021, 08:21 PM
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My only problem with all of this:

Figuring out which post in this thread is my favorite.

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  #32  
Old 02-13-2021, 08:25 PM
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what is the difference between this and splicing the clip from youtube?

i don't get it. but I also do not get purposely created scarcity, jerseys embedded in cards, autos that I did not get in person, and 35 different color versions of the same card...... and I am a better collector for it.
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  #33  
Old 02-13-2021, 08:26 PM
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Maybe Iím dumb, but I just donít get it. I donít want to get it, I want to forget I even saw it.

Bill
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  #34  
Old 02-13-2021, 09:17 PM
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Default New to the hobby Wagners

I am selling fractional ownership in the following, fresh to the hobby, virtual T206 Wagners. 5 shares available of the Green background at $100 each, and 10 shares of the Red background Wagners at $50 each.

Why are the Green background more expensive? Simple, they are rarer, as only 5 shares exist.

PayPal, FF accepted.
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  #35  
Old 02-13-2021, 09:21 PM
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Bite-coin payment sent via the google machine. Iíll take all shares of the green one!

Bill
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  #36  
Old 02-13-2021, 09:22 PM
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Quote:
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Maybe Iím dumb, but I just donít get it. I donít want to get it, I want to forget I even saw it.

Bill
I don't get it either.
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  #37  
Old 02-13-2021, 09:23 PM
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Green Wagner has been sold out.
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  #38  
Old 02-13-2021, 09:34 PM
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This is insane.

Sent from my SM-G973U using Tapatalk
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  #39  
Old 02-13-2021, 09:37 PM
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...And people don't think we are in a card bubble.

People are getting so desperate to buy anything nowadays, including a video that ANYONE can watch anytime on YouTube.
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  #40  
Old 02-13-2021, 09:51 PM
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So, on a lark I threw $200 at this TopShot, and have now purchased three video clips for a total of $20. They are completely sold out of packs at this time. And surprisingly, you can't sell packs to anyone. Some other blockchain games allow you to, and that would make it even more interesting, because once the print run sells out, you now have one of the few remaining unopened packs. The site even links you to clips where other users open packs live on Youtube, so it's not just you and the screen, it's you and your online followers watching pack openings. Kind of like Vintage Breaks, but digitally.

Looking forward to having $5,000 in my account next week from flipping...
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  #41  
Old 02-13-2021, 10:09 PM
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im sitting here eating a Panini sandwich and just bought two cards on my set building checklist. I've seen 3 examples of each card, I'm sure there's more but I haven't seen them. I'm not sure I would have the same feeling of satisfaction buying an electronic bit on the come from some boiled chicken Ponzi scheme.

I'll save that for when the market opens on Tuesday morning.
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  #42  
Old 02-13-2021, 10:15 PM
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I just watched $30 million worth of clips on youtube #likeaboss.
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  #43  
Old 02-13-2021, 10:16 PM
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Quote:
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I just watched $30 million worth of clips on youtube #likeaboss.
Watching is not owning.
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  #44  
Old 02-13-2021, 10:18 PM
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Quote:
Originally Posted by Mark17 View Post
Watching is not owning.
I just downloaded $30 million in clips from youtube...
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  #45  
Old 02-13-2021, 10:20 PM
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Quote:
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I just downloaded $30 million in clips from youtube...
But you still aren't the chump - I mean owner - of record.
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  #46  
Old 02-13-2021, 10:46 PM
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Quote:
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But you still aren't the chump - I mean owner - of record.
Somehow I'll manage to live with the disappointment...
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  #47  
Old 02-13-2021, 11:04 PM
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This thread is the comedy I needed today. Great material, gents. I hope the Sunday show is half as good!
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Last edited by MattyC; 02-13-2021 at 11:04 PM.
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  #48  
Old 02-13-2021, 11:43 PM
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Posts: 3,028
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WTF is this garbage? Either Iím really dumb because I donít get it or this crap is so far fetched that everyone who buys into it is dumb. Maybe thatís the point. Itís so ridiculous that I feel like I need to try out a ďbaseĒ digital blah blah blah for <$20 so I can feel part of the game and not ďmiss outĒ.

Seriously though, is this like the emperorís new clothes?
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  #49  
Old 02-14-2021, 12:26 AM
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James
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Join Date: Jul 2019
Posts: 538
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I thought I saw it all when you could buy shares of stock in a player a while back (I believe it was Arian Foster) this takes the cake. Where do we go from here. Does anyone want to buy fractional shares of athletes memories? For the low price of $4000 you too can buy a video recorded memory from Michael Jordan's Brain!
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  #50  
Old 02-14-2021, 12:40 AM
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Hmm.
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