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Dr RC
Alabama A&M Fan
The Money Pit
Member since Aug 2011
47736 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

You can read a scanned copy of the first edition Grapes of Wrath now.


The first edition is a physical product that has real scarcity though. The digital does not. You can't hold a digital copy of a highlight in your hands. You can't keep it for yourself and yourself alone. It won't be gone forever if it gets lost to a house fire. Once a digital highlight is out on the web it's there forever.


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

Yeah, and I can look at a picture of the Mona Lisa and even print it out and frame it in my art room, but it's still just a reproduction.

That's where it loses me... these are limited edition authenticated highlight videos, but fundamentally they aren't a different medium or quality than any other version out there.

Obviously you and others see value here... I don't.


I mean, I'm not investing in them. But I can see how the scarcity can be created.


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

The first edition is a physical product that has real scarcity though. The digital does not. You can't hold a digital copy of a highlight in your hands. You can't keep it for yourself and yourself alone. It won't be gone forever if it gets lost to a house fire. Once a digital highlight is out on the web it's there forever.


But what if you can prove that I have an original digital copy, and those digital versions are finite and scarce?


LSUBoo
Houston Astros Fan
Knoxville, TN
Member since Mar 2006
87732 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:


Are they going back and creating old school Jordan highlights to sell?


They could, right?

Or they could release another 500 of this one.


Honkus
USA Fan
Member since Aug 2005
43263 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
$100k for a goal tend?


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70
KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

They could, right?

Or they could release another 500 of this one.


I assume they could, and will create old ones.

And yeah, they can create another 500 (I assume, I haven't read the contract language), but since they're numbered then the low/original ones are still scarce.


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03
LSUBoo
Houston Astros Fan
Knoxville, TN
Member since Mar 2006
87732 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

But I can see how the scarcity can be created.


Sure, but I don't see how that scarcity translates to long term value when the free version is the exact same thing.


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

Sure, but I don't see how that scarcity translates to long term value when the free version is the exact same thing.


You can't own or legally sell the free version.


LSUBoo
Houston Astros Fan
Knoxville, TN
Member since Mar 2006
87732 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
Technically do you even own this one?

quote:

He bought it because he's hoping this encapsulated video clip, which he doesn't own the exclusive rights to, will eventually jump in value from six figures to seven.


Scruffy
USA Fan
Kansas City
Member since Jul 2011
65244 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
Digital “ownership” is a complicated thing.

People say that the clip is “labeled” as 1/500 or something.

I’m what way are these not reproducible?

If anyone figures out how to digitally copy these, they become completely worthless.

And you can bet your collection, someone is working on it.

This is the complication of digital ownership.


Master of Sinanju
Member since Feb 2012
9350 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
As a sports card collector, the idea is intriguing, but I would hesitate before dropping big bucks into this.




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50
KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
Yes, he owns this official copy of the NBA Top Shot. It can never be taken away from him or reproduced (even though it actually could be repoduced, but not legally within the contract, and that repuduction wouldn't have any value because it's "fake").

It just means he doesn't own exclusive rights to the any use of the highlight so that it can never be shown again without his permission/liscense.


Kinda confusing


UnluckyTiger
Virginia Fan
Member since Sep 2003
29488 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
I own a LSU National Championship DVD. What’s that get me??


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30
LSUBoo
Houston Astros Fan
Knoxville, TN
Member since Mar 2006
87732 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
The most confusing part is that anyone would pay anything for these Top Shots.

Maybe I should buy a few cheap bench guys in case the whole thing blows up.


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

The most confusing part is that anyone would pay anything for these Top Shots.


There's a lot of things out there that I'm confused people would pay anything for.

The long term value is definitely up in the air, you're not wrong there.

Short term value is indisputable.


KosmoCramer
Ohio State Fan
Member since Dec 2007
70703 posts
 Online 

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

Digital “ownership” is a complicated thing.

People say that the clip is “labeled” as 1/500 or something.

I’m what way are these not reproducible?

If anyone figures out how to digitally copy these, they become completely worthless.

And you can bet your collection, someone is working on it.

This is the complication of digital ownership.


There is a provable, electronic trail associated with the Top Shots. They can't be faked.

A copy of them could easily be created, but it wouldn't have any value since it can't legally be sold.


LSUBoo
Houston Astros Fan
Knoxville, TN
Member since Mar 2006
87732 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

There's a lot of things out there that I'm confused people would pay anything for.


This is factual.


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20
LSUTigKyl
LSU Fan
Nashville
Member since May 2009
1435 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
I’m surprised some people are having such trouble with this concept. The amount of $ people are spending might be insane but the idea is the exact same as physical sports trading cards.

That’s all this is. I don’t know much about blockchain code or whatever but I think that’s the part that makes them unique meaning they can’t be reproduced. Obviously the highlight is everywhere but it’s different than you think. At least go check it out.

The big $ guys who made tons off of playing Daily Fantasy Sports are a majority of the guys sinking $ into this. Whether it’s dumb or not, those guys seem to be pretty savvy in this market. That alone makes me think this will hold long term value.


VerlanderBEAST
Michigan Fan
Member since Dec 2011
18310 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
I don't understand whats being bought or traded?

Is it a USB drive or CD that comes in the mail?

Is it a login for a website?


rocket31
Toledo Fan
Member since Jan 2008
37409 posts

re: 13-second Zion Williamson highlight sold for $100k : 'This is the future':
quote:

what way are these not reproducible?


it's impossible to copy these digital asset

fake copies of a Topps Michael Jordan rookie card are much more likely that's why there is an entire industry dedicated to proving the authenticity of cardboard sports cards



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