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

[D. Bergin]

Don Zimmer picks a fight with Pedro Martinez

[pokerplyr80]

Originally Posted by D. Bergin

Don Zimmer picks a fight with Pedro Martinez

I would buy that one. With how popular this is I'm sure MLB won't be far behind

[swarmee]

The reason it's working so far is they seem to be artificially restricting pack sales, coupled with a huge social media blitz, and the inability for the majority of user accounts to withdraw any money from the site. So there is a HUGE race to snap up every single animated gif. Ones I sold for $2-3 each less than a week ago are now selling for $10-20 each because the only thing to do on the site currently is to constantly repurchase the same items over and over again.

If they now have 100,000 members and only release 5,000 in the next pack release, 19/20 of members are going to be disappointed with losing the lottery. Of course, the 5K who get a pack will be able to sell their $9 investment for $100-500 depending on the gifs they get. It's a completely explosive dynamic.

[joshuanip]

An ex co-worker who started his own fund alerted me to this site. Its a good measuring stick on what digital collectible is hot. $44M in NBA topShot! I had no idea (he even followed this). WTF is this stuff!

https://cryptoslam.io/

[swarmee]

Originally Posted by joshuanip

An ex co-worker who started his own fund alerted me to this site. Its a good measuring stick on what digital collectible is hot. $44M in NBA topShot! I had no idea (he even followed this). WTF is this stuff!

https://cryptoslam.io/

Yeah, the money is flooding into the site and since there are no packs for sale, is increasingly going to flipping the same items over and over again for profits in a very short time period.

[Exhibitman]

Originally Posted by swarmee

Yeah, the money is flooding into the site and since there are no packs for sale, is increasingly going to flipping the same items over and over again for profits in a very short time period.

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."

[AGuinness]

Originally Posted by D. Bergin

Don Zimmer picks a fight with Pedro Martinez

And Big Papi destroying the dugout phone...

[judsonhamlin]

Bobby Valentine sneaking back to the dugout in shades and a fake mustache

[ccre]

That's one I paid a couple bucks for.

Originally Posted by judsonhamlin

Bobby Valentine sneaking back to the dugout in shades and a fake mustache

[rjackson44]

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.

[BradW]

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.

[swarmee]

Originally Posted by BradW

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.