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Started By
Message
re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
Posted on 2/16/21 at 2:15 pm to rockchlkjayhku11
Posted on 2/16/21 at 2:15 pm to rockchlkjayhku11
quote:
so people want to own this highlight or a unique serial number of this highlight/other highlights. why?
Why would someone want to own a cardboard photo of an athlete, when you can find tons of photos for free?
Now, the lack of a tangible item makes me doubt this is here to stay, but its the same concept as sports card collecting.
1
Posted on 2/16/21 at 2:16 pm to Master of Sinanju
you could easily argue that it being digital makes it more valuable.
see gold vs bitcoin
see gold vs bitcoin
Posted on 2/16/21 at 2:20 pm to zzgobucky
Yeah, that's the way I'm interpreting it - a video version of a baseball card with a unique digital stamp.
You can find millions of photographs of Mickey Mantle for free, but his photograph, "likeness" or the rights to his image are not what make his rookie card so valuable. It's the fact that Topps only printed a limited number of them back in 1952 and most of those were destroyed by kids putting them in their bike spokes or mom's throwing them away when they had a room cleaning fit.
Of course rarity is only part of the equation. I could create a limited edition set of trading cards or video stamps of the appliances in my kitchen. But nobody cares about the appliances in my kitchen. People care about star athletes.
Posted on 2/16/21 at 2:21 pm to rockchlkjayhku11
quote:
that's great. can you give a slightly more detailed explanation on how it works? it doesn't really make any sense on the surface.
it's just virtual trading cards? i cant figure out what the market is whatsoever
ok, so people want to own this highlight or a unique serial number of this highlight/other highlights. why? the human behavior part of it is lost on me.
You can basically recreate a Honus Wagner rookie card but it would be essentially worthless.
These "highlights" are official from the NBA, numbered, their official reproduction is limited, etc.
It's like many "collectable" things in life.
Posted on 2/16/21 at 2:27 pm to BowDownToLSU
quote:
which he doesn't own the exclusive rights to, will eventually jump in value from six figures to seven
100% a liberal
Posted on 2/16/21 at 2:35 pm to rockchlkjayhku11
quote:
ok, so people want to own this highlight or a unique serial number of this highlight/other highlights. why? the human behavior part of it is lost on me.
I'm with you.
Why would anyone pay to own a digital clip of something that is available for free online?
I don't care if it's 1/500 officially licensed clips, it's still just a digital highlight. There's no real rarity, only manufatured rarity.
That's not at all like a playing card that has a tangible aspect.
Posted on 2/16/21 at 2:50 pm to LSUBoo
quote:
I'm with you.
Why would anyone pay to own a digital clip of something that is available for free online?
I don't care if it's 1/500 officially licensed clips, it's still just a digital highlight. There's no real rarity, only manufatured rarity.
That's not at all like a playing card that has a tangible aspect.
im understanding both sides a little bit better now.
why would anyone want a piece of carboard with a picture of a player when i can see pictures online whenever i want? who fricking knows, but this does have a market.
i tend to side with you that the digital aspect makes it LESS cool, not more cool, but i see the argument that the market is very similar. as i said, i personally don't really understand the human behavior side of this as i don't exhibit this particular behavior, but i can now better imagine that some people (losers) would care about this.
im risk averse generally and would need to better understand the demand and the why behind it before getting involved. while this may become absolutely huge, i don't personally believe in it so im gonna have to miss out.
This post was edited on 2/16/21 at 2:52 pm
Posted on 2/16/21 at 3:01 pm to rockchlkjayhku11
quote:
why would anyone want a piece of carboard with a picture of a player when i can see pictures online whenever i want? who fricking knows, but this does have a market.
The cardboard card and a picture of the card aren't the same thing. It might be the same picture of the same player, but it's a different medium.
A youtube clip of Zion Williamson and an officially licensed clip might not be the exact same thing, but it's even the same clip in the same medium. Apart from some manufactured rarity, there's no difference.
I'm not going to tell people how to spend their money... but this is a head scratcher.
Posted on 2/16/21 at 3:03 pm to LSUBoo
quote:
Why would anyone pay to own a digital clip of something that is available for free online?
I don't care if it's 1/500 officially licensed clips, it's still just a digital highlight. There's no real rarity, only manufatured rarity.
That's not at all like a playing card that has a tangible aspect.
why would anyone pay to own a tangible card that can be printed for free online?
i dont care if its 1/500 officially licensed tangible cards, its just a piece of cardboard. there is no real rarity, only manufactured rarity
thats not at all like a playing card that has a digital aspect
Posted on 2/16/21 at 3:06 pm to rocket31
That reverse argument falls apart faster than Houston's power grid.
Posted on 2/16/21 at 3:17 pm to rocket31
Rocket31 you have a link? I’d like to look into this more .. tia
Posted on 2/16/21 at 3:21 pm to BowDownToLSU
Posted on 2/16/21 at 3:21 pm to BowDownToLSU
So it's like naming a star.
Posted on 2/16/21 at 3:23 pm to LSUBoo
quote:
That reverse argument falls apart faster than Houston's power grid.
Which is ironic because if the lights go out, you can't look at your "collectible" item. I have no doubt that people will make money off of this but is it a lasting investment?
Posted on 2/16/21 at 3:24 pm to Monday
quote:
because if the lights go out, you can't look at your "collectible" item
oh lord
Posted on 2/16/21 at 3:28 pm to rocket31
I guess I'm just too dumb to get the value of a digital highlight. I could think of much better ways for me personally to invest $100k
Posted on 2/16/21 at 3:29 pm to Monday
I mean what is the value of the highlights? What creates price increases or decreases? What makes Zion's first block $900k more valuable than it is now?
Posted on 2/16/21 at 3:31 pm to BowDownToLSU
Now imagine you had $100k lying around to do something this stupid with it.
Posted on 2/16/21 at 3:32 pm to Monday
think of ways in which a digital asset is more valuable than something you can
physically hold.
i don't think you're dumb but once you see "it" then you'll understand
physically hold.
i don't think you're dumb but once you see "it" then you'll understand
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