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Lebron James rookie cards were always a scam.

by coralreef 4y ago

whateveracct 4y ago
Less of a scam than NFTs though
- bravetraveler 4y ago
  Yea, you actually get the card. Not a pointer to it
  - coralreef 4y ago
    So you pay money for cardboard with ink on it, and it’s worth thousands? Sounds sus
    - bravetraveler 4y ago
      No, but I'd be more amenable to the price for the verifiable cardboard than infinitely numbered unauthoritative pointers
      - coralreef 4y ago
        You realize it’s not the pointer to a jpg that makes an NFT valuable, it’s the provability of the artist that published it?
        bravetraveler 4y ago
        I recognize the distinction, but I don't believe it makes it particularly valuable. The concepts are so abstract I have a hard time even discussing it. I'm not a collector or market person at all. I'd be hard to convince buying anything of this sort of novelty. No judgement against those who do, I just grew up poor and protect my disposable income like a dragon. The 'pointer' tells me the thing I reportedly own exists as a part of the chain, it doesn't certify any particular uniqueness or rarity, for example. As long as it's affordable to mint, could I not could lob a personal attack and 'devalue' an NFT by cloning it? I suspect given the amount of speculation around these, it may even prove profitable for some time.
        coralreef 4y ago
        Yes, you could go and mint NFTs claiming to be authentic. The same way you can try selling fake Rolex’s or picasso’s. Any serious buyer would attempt to vet the items provenance to make sure it’s authentic. You might be able to pull a quick one on some, but that’s not unique to crypto.
    - whateveracct 4y ago
      That's like calling an Andy Warhol a piece of paper with acrylic on it. Provenance is a thing.
      - coralreef 4y ago
        And cryptographic proofs are not a form of provenance?
        whateveracct 4y ago
        A physical object with provenance is of significantly more historical significance. A minted basketball card is actually even more anti-fragile than crypto. The crypto network may flop and cease to exist or be relevant. A card is a true artifact of sports history.
        coralreef 4y ago
        > is of significantly more historical significance Hmm, maybe, or maybe a video representation of the moment, endorsed and co-branded by the league and the athletes, will come to be as valuable or more valuable than a physical photo print of that moment as represented by trading cards. A trading card doesn’t survive a house fire or flood. How can a card be a true artifact of sports history when its also just a derivative product?

Lebron James rookie cards were always a scam.

whateveracct 4y ago

Less of a scam than NFTs though

bravetraveler 4y ago
Yea, you actually get the card. Not a pointer to it
- coralreef 4y ago
  So you pay money for cardboard with ink on it, and it’s worth thousands? Sounds sus
  - bravetraveler 4y ago
    No, but I'd be more amenable to the price for the verifiable cardboard than infinitely numbered unauthoritative pointers
    - coralreef 4y ago
      You realize it’s not the pointer to a jpg that makes an NFT valuable, it’s the provability of the artist that published it?
      - bravetraveler 4y ago
        I recognize the distinction, but I don't believe it makes it particularly valuable. The concepts are so abstract I have a hard time even discussing it. I'm not a collector or market person at all. I'd be hard to convince buying anything of this sort of novelty. No judgement against those who do, I just grew up poor and protect my disposable income like a dragon. The 'pointer' tells me the thing I reportedly own exists as a part of the chain, it doesn't certify any particular uniqueness or rarity, for example. As long as it's affordable to mint, could I not could lob a personal attack and 'devalue' an NFT by cloning it? I suspect given the amount of speculation around these, it may even prove profitable for some time.
        coralreef 4y ago
        Yes, you could go and mint NFTs claiming to be authentic. The same way you can try selling fake Rolex’s or picasso’s. Any serious buyer would attempt to vet the items provenance to make sure it’s authentic. You might be able to pull a quick one on some, but that’s not unique to crypto.
  - whateveracct 4y ago
    That's like calling an Andy Warhol a piece of paper with acrylic on it. Provenance is a thing.
    - coralreef 4y ago
      And cryptographic proofs are not a form of provenance?
      - whateveracct 4y ago
        A physical object with provenance is of significantly more historical significance. A minted basketball card is actually even more anti-fragile than crypto. The crypto network may flop and cease to exist or be relevant. A card is a true artifact of sports history.
        coralreef 4y ago
        > is of significantly more historical significance Hmm, maybe, or maybe a video representation of the moment, endorsed and co-branded by the league and the athletes, will come to be as valuable or more valuable than a physical photo print of that moment as represented by trading cards. A trading card doesn’t survive a house fire or flood. How can a card be a true artifact of sports history when its also just a derivative product?