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re: 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 10:22 pm to
Posted by Demshoes
Up in here
Member since Aug 2015
10659 posts
Posted on 3/6/21 at 10:22 pm to
I got a tree-fiddy bid in. Fingers crossed.
Posted by 9001
Pools closed
Member since Jul 2017
2097 posts
Posted on 3/6/21 at 10:26 pm to
Beats my 288 bid
Posted by Havoc
Member since Nov 2015
37135 posts
Posted on 3/6/21 at 11:57 pm to
Clown arse world we are living in today.

God please send an asteroid, now.
Posted by southdowns84
Member since Dec 2009
1608 posts
Posted on 3/7/21 at 12:09 am to
quote:

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.


Except it’s not cash free.

There’s a difference between cash and a tax deduction.
Posted by RobbBobb
Member since Feb 2007
33000 posts
Posted on 3/7/21 at 12:38 am to
This is classic bored rich guys pump and dump

Create a new 'trend'. Attempt to drive mania like the beanie babies once did. Then laugh as you collect money from the 'little people' who are trying to cash in on this 'new trend'



Posted by Gravitiger
Member since Jun 2011
12138 posts
Posted on 3/7/21 at 5:33 am to
quote:

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?
It's not about this one auction, it's about driving up the prices and interest in these kinds of transactions long term. You're thinking checkers. He's playing chess.
Posted by Penrod
Member since Jan 2011
51501 posts
Posted on 3/7/21 at 6:21 am to
quote:

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.

Both great points!

The first point is especially misunderstood. When the average person contemplates spending $2.5 million he can’t imagine it being spent frivolously. But if he instead considers it as $5 it might make more sense to hum, and it would more closely represent what $2.5 million means to this guy.
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
19759 posts
Posted on 3/7/21 at 8:05 am to
quote:

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.


Don't know why you got all the downvotes. You are correct. This guy is establishing that there can be "ownership" of these things and that they have value. Just like you would pay real money for a First Edition autographed copy of a book. The poster just below your comment nailed it as well. If you "own" this electronically made statement then you can Copyright and control its future use. It may seem dumb but an arrangement of words can have value and be earned along with the concept they represent, that's established law when you write it down and publish it in a book. Why wouldn't it be the same electronically?
Posted by Who_Dat_Tiger
Member since Nov 2015
24481 posts
Posted on 3/7/21 at 8:09 am to
This one? Guys a freak pedo


Posted by HickoryofOld
PEC
Member since Jul 2011
256 posts
Posted on 3/7/21 at 8:17 am to
I just don’t get it, which probably means I’m now old.
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