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re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by Master of Sinanju 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.
re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by rocket31 
on 2/16/21 at 2:16 pm to Master of Sinanju
on 2/16/21 at 2:16 pm to Master of Sinanjuyou could easily argue that it being digital makes it more valuable.
see gold vs bitcoin
see gold vs bitcoin
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.
re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by KosmoCramer 
on 2/16/21 at 2:21 pm to rockchlkjayhku11
on 2/16/21 at 2:21 pm to rockchlkjayhku11quote:
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.
re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by stlslick 
on 2/16/21 at 2:27 pm to BowDownToLSU
on 2/16/21 at 2:27 pm to BowDownToLSUquote:
which he doesn't own the exclusive rights to, will eventually jump in value from six figures to seven
100% a liberal
re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by LSUBoo 
on 2/16/21 at 2:35 pm to rockchlkjayhku11
on 2/16/21 at 2:35 pm to rockchlkjayhku11quote:
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.
re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by rockchlkjayhku11 
on 2/16/21 at 2:50 pm to LSUBoo
on 2/16/21 at 2:50 pm to LSUBooquote:
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 at 2:52 pm
re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by LSUBoo on 2/16/21 at 3:01 pm to rockchlkjayhku11
on 2/16/21 at 3:01 pm to rockchlkjayhku11quote:
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.
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
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re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by BowDownToLSU 
on 2/16/21 at 3:17 pm to rocket31
on 2/16/21 at 3:17 pm to rocket31Rocket31 you have a link? I’d like to look into this more .. tia
re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by rocket31 on 2/16/21 at 3:21 pm to BowDownToLSU
on 2/16/21 at 3:21 pm to BowDownToLSUre: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by Jcorye1 on 2/16/21 at 3:21 pm to BowDownToLSU
So it's like naming a star.
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?
re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':Posted by JakeFromStateFarm on 2/16/21 at 3:31 pm to BowDownToLSU
on 2/16/21 at 3:31 pm to BowDownToLSUNow imagine you had $100k lying around to do something this stupid with it.
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