This s*** so dumb

$500 for mine unopened obo

The whole NFT-crypto part of it is dope

But its basic premise is dumb to me. Physical cards to me hold more value than a damn video

You banking on being stuck with Rudy Gobert huh

I got Embiid

Bitcoin has zero purpose. The whole point of Bitcoin is literally that people believe in it, but Bitcoin is horrible as a currency. Ethereum blockchain is useful but the coin itself isn’t really useful. Top shot is the next generation of collectibles

BTC has proven to be a great store of value rather than a form of currency

Honestly didnt know this was a thing, absolutely bonkers concept lmao

The store of value thing is made up and what bitcoin became. It literally just means people are betting on bitcoin's price going up. But bitcoin doesn't really have any utility. No one's sitting here buying things with bitcoin, it costs a crazy amount of energy to mine bitcoin, there's nothing tangible about bitcoin, etc. Gold has real value beyond being a store of value which is why the price is justified. Bitcoin is priced where it's at because the market says so

My boy just told me about this s*** the other day

There’s a reason why people bet the price will go up, it’s not just pure speculation. Its limited availability of only 21 million creates scarcity and value

While you could argue it’s not real the same could be said for fiat. As for ETH the potential is limitless through defi, dapps and web 3.0

Don’t be surprised when the whole financial system is running through crypto in our lifetime

Cant understand it.

Like why do I need to own a clip thats available for free everywhere?

I definitely believe its here to stay tho

The same reason that some weird abstract art is priced in the millions

Sometimes our economics are illogical lol

It’s still speculative... I can say I have 1000 wooden spoons. Will you pay $50,000 for them even if they’re the only ones in the world that exist? No. And again ethereum itself is great but the coin doesn’t have much utility. And lastly, no chance in hell will the entire financial system run through crypto. Crypto is SLOW, fees are high, and everything rn is predicated on BTC which is simply inefficient. Not too mention, crypto is a scam safehaven and a regulatory nightmare that govs want pretty much no business with hence why trading is getting shut down so many places. The concept of a decentralized monetary system just doesn’t seem feasible at scale.

The blockchain legitimizes it and also makes it impossible to fake and its easily tradable. It's like how there's fakes and reprints of baseball cards that are worthless but ones that are original are worth a lot.

I think they're cool I got my first Top Shot pack today and it was a fun experience revealing what moments you got.

FYI, bitcoin is the opposite of anonymous. Every transaction is public (and it's there for ever) so even though there's no personal info attached to a transaction, they can trace every transaction back to you (for example, using data from exchanges that have to abide by know your customer and anti money laundering laws). I guess the only way to make it anonymous is buying and selling it in cash. That's why most serious darknet markeplaces no longer use it, and use Monero instead.

Of course it’s speculative, that doesn’t take away from its use case. It seems like you need to do more research on what crypto actually is because while the fees are high now and certain coins may be slow atm. It’s constantly being updated and improved, in just a few years time those issues will be resolved

The whole scam safe haven narrative is a result of a new and growing space. As for government regulation, most western governments seem to be taking a wait and see approach

Decentralized finance is already working and improving everyday, NFT’s are a result of that. Trading can’t be fully shut down in a decentralized environment lol

It's essentially a play on gambling addictions.

Bro, you're not giving many good use cases for crypto lmao. We know that blockchain will have tons of use cases, that's a fact. Every major company in the world has had a blockchain division for years. But crypto itself, most coins are useless and will never be useful and that's a fact as well. And as for defi, nfts and defi are 2 completely different things. The reason why NFTs work at least rn is simply because it's pretty easy to explain in comparison to other aspects of crypto and it plays into the creator economy trend that has been brewing

Think its just gonna make physical collector stuff even more expensive imo.

Feels like theyre just trying to attach a "tangible irl" value & feel to it when really it has none of that.

Seems like a scam. Especially with clips that exist already, just repackaged a certain way in a limit amount.

Actual digital currency makes sense tho. To me, its literally just the next step of handling money like how it has always evolved.

The actual know hows of it being created & why it stops at a certain point etc. can be confusing, but the bare concept overall i.e. "digital money" makes sense imo.

Them nba niggas made 2k lootboxes irl

NFT’s are interconnected with dapps and defi. You could argue that dapps selling NFT’s aren’t technically part of defi but we haven’t even scratched the surface of the potential that NFT’s have combined with defi

A lot of unique financial services will be created through the combination of defi and NFT’s. One of those are in game worlds that could have their own economies

I only mentioned ETH and BTC, which are much more likely to be successful in the long run compared to other coins

who cares stop thinking and just make money