Post
Topic
Board Collectibles
Re: I'm surprised this hobby and genre of crypto collectibles isn't more popular
by
elmejorrematador
on 20/06/2024, 16:06:56 UTC
I usually buy collectibles because I like them in some way.  They speak to me.  They mark the journey that I went through.  I do not expect them to gain value in any way vs holding bitcoin.  But I only have one life, and I do like to enjoy some physical things once in a while. Therefore each buy in carefully considered against just buying bitcoin instead.   

Recently, I've noticed that while some of the quality of some items has drastically improved, the premiums are just way too high.  On top of this, my concern is with loaded items.  Now that we know that the "dust" on main chain will keep going up due to fees, why are artist STILL making pieces with small amount of sats on mainchain on those physicals?  I'd much rather have an unloaded item that I like in hand, than having a loaded item that will become unspendable some day (and that i paid much higher for!)  The premiums are already through the roof... I just don't get it... Is the goal to ultimately have those traded like an opendime?   

I really just like having loaded items, though now they are starting to seem more of a liability. But definitely the reason I like them is because they ARE actually Bitcoin. Buyer-funded coins or peeled coins just never appealed to me, I still prefer to have funded coins. I think my initial thought was that if I was to ever sell the coins that we might get a bigger premium because it was funded (assuming other people desire funded coins as I do). Before when BTC wasn't too much, selling one of these coins wasn't such a big deal, but now its like you pretty much gotta fly the damn thing to the buyer. I had thought about Stacks Bowers, but if by some chance you didn't get what you were looking to get it would be a shame.

When you mentioned about a loaded item becoming "unspendable", why might that happen? Could you paint me a scenario. I know a bit about dust attacks, but never really thought how they might affect loaded coins.