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Jack Dorsey put up one of his tweets for an auction, and it could go for as much as $10m
Posted on 3/6/21 at 7:11 pm
Posted on 3/6/21 at 7:11 pm
quote:
Dorsey posted a link to the auction, hosted by a platform called Valuables, on Twitter on Friday without a comment or explanation. Some of you may be asking, how can he sell a tweet? Dorsey is selling a “non-fungible token” of his tweet, known as an NFT.
quote:
Now, what exactly does the person who wins the auction for Dorsey’s tweet get? According to Valuables, you get a “digital certificate of the tweet, unique because it has been signed and verified by the creator.” Despite the sale, the tweet will continue to live on Twitter.
quote:
As of the publication of this blog, the highest bid for Dorsey’s tweet is $2.5 million. The person that bid this jaw-dropping amount for Dorsey’s tweet is Hakan Estavi, CEO of Bridge Oracle, a Malaysia-based company that uses Oracle systems to enable smart contracts on the TRON network.
However, on Twitter on Saturday, Estavi said that he would actually be willing to shell out a lot more for the tweet. He’s willing to go up to $10 million.
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Posted on 3/6/21 at 7:13 pm to agregime1
How the hell are the wealthiest among us also the most retarded among us as well?
Posted on 3/6/21 at 7:14 pm to agregime1
Sounds like laundering for some weird shite ala modern art.
Posted on 3/6/21 at 7:14 pm to agregime1
First people are buying sport clips and now this. Im officially old!
Posted on 3/6/21 at 7:22 pm to agregime1
Jack Dorsey is a pot head who did some meditation but thinks he's achieved enlightenment.
Posted on 3/6/21 at 7:27 pm to TheeRealCarolina
quote:
How the hell are the wealthiest among us also the most retarded among us as well?
1. they have "real" money to spend on frivolous things which most of us do on occasion just in-line with our personal net worths and disposable income.
2. Estavi was one of the first serious money investors in crypto so just like then he may have an insight that the average person simply doesn't and is willing to bet on something most people see as silly. Hell, I don't even understand the concept of these digital clips and Tweet owning instruments. I don't see any future monetization potential but that doesn't mean there is not a potential big upside that I simply don't understand.
Posted on 3/6/21 at 7:27 pm to agregime1
Seems like some sort of money laundering type stuff, or payment for some kind of "services rendered" 
weird nonetheless.
weird nonetheless.Posted on 3/6/21 at 7:32 pm to Obtuse1
Perhaps the long con is establishing a legal premise for copyrighting certain words, phrases, or quotations on the internet.
Posted on 3/6/21 at 7:33 pm to Jim Rockford
quote:
Perhaps the long con is establishing a legal premise for copyrighting certain words, phrases, or quotations on the internet.
God help us all if you are correct.
Posted on 3/6/21 at 7:35 pm to BorrisMart
quote:
payment for some kind of "services rendered"
That’s exactly what this is. It’s not an actual auction.
This post was edited on 3/6/21 at 7:38 pm
Posted on 3/6/21 at 7:36 pm to Jim Rockford
quote:No. This has nothing to do with that
Perhaps the long con is establishing a legal premise for copyrighting certain words, phrases, or quotations on the internet.
This post was edited on 3/6/21 at 7:37 pm
Posted on 3/6/21 at 8:04 pm to agregime1
Jack-off has always been a cuck
Posted on 3/6/21 at 8:22 pm to stlslick
I did have to laugh a little, as Jacks other business, Square, which does mobile banking, was down, and the food truck people couldn't use the swiper for people to pay for their food, which led to a cluster frick.
Posted on 3/6/21 at 8:25 pm to Obtuse1
quote:Trump could pay off all his debt like this if they let him
2. Estavi was one of the first serious money investors in crypto so just like then he may have an insight that the average person simply doesn't and is willing to bet on something most people see as silly. Hell, I don't even understand the concept of these digital clips and Tweet owning instruments. I don't see any future monetization potential but that doesn't mean there is not a potential big upside that I simply don't understand.
Posted on 3/6/21 at 8:31 pm to HempHead
quote:
Sounds like laundering for some weird shite ala modern art.
They can always go the Gates route and "donate" to some charitable interest that will then "decide" to use his tech in their new ventures. All tax free, mind you.
This post was edited on 3/6/21 at 8:32 pm
Posted on 3/6/21 at 8:38 pm to agregime1
quote:
However, on Twitter on Saturday, Estavi said that he would actually be willing to shell out a lot more for the tweet. He’s willing to go up to $10 million.
WTF. First, that’s ridiculous money for something with no tangible, intrinsic value. Second, if you are participating in an auction why on the hell would you tell the world what you are willing to go up to?
Posted on 3/6/21 at 9:22 pm to Wiseguy
quote:
First, that’s ridiculous money for something with no tangible, intrinsic value.
There's something to HempHead's modern art comparison. If a billionaire says it's worth "x," then it is. The piece of art won't lose value as long as the billionaire has appraisers working for him to say what it's worth. Mark Rothko had all the talent of a house painter and none of the skill, but his paintings soared in value after a single billionaire collector declared him a genius. Collectors' markets are different from other commodities markets because of the arbitrary nature of experts working on behalf of buyers and sellers. And with the art market being spread thin, really rich people are looking for other creative ways to stash cash.
This post was edited on 3/6/21 at 9:47 pm
Posted on 3/6/21 at 9:52 pm to agregime1
This feels like my grandparents hearing for the first time that some baseball cards have sold for over a million dollars each at times.
Posted on 3/6/21 at 10:04 pm to kciDAtaE
quote:
This feels like my grandparents hearing for the first time that some baseball cards have sold for over a million dollars each at times.
This sounds like the start oif Dutch Tulip Bulb Mania.
https://en.wikipedia.org/wiki/Tulip_mania
Posted on 3/6/21 at 10:14 pm to gthog61
^ This.
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