Hmm, new thread title?

Somebody ban this idiot!

 

Div token won't do anything since the shares are still held on the open market. Shorts can pay a cash equivalent to the brokerage (in most scenarios). It's the whole overstock.com case replaying itself.
"But, kairo, it's a unique token, it has no cash value!" Welp, enjoy fighting it out in the courts for the next decade when the shorts refuse to issue an equivalent.

Div token shenanigans will only work if enough shares are taken out of the DTCC. Everything else can be subterfuged. How do I know? "Trust me bro"

Also I hope it does work and blows up a couple hedge funds. That'd be good for all of us.

 

Your way to far down the rabbit hole. Let's go back towards the top.

The main reason it's not going to work is how are they gonna distribute the token. That's never been clarified. I think it hasn't been clarified because they haven't figured it out. lol

 

Oh, so it's a bunch of clueless management doing a "this seems like a good idea" thing?

 

That's what I believe until proven wrong. I picked up 100 shares on the off chance I am wrong. Plus, I've still got 250 of those stupid fucking warrants. lol

 

I think what you're trying to say is "we're working our way back toward decent buy in prices".

 

Everybody seems wants a piece of the tokenization and NFT realm lately.

If only there was a company who'd snatched up some of the best crypto and web3 developers in the world, powered by a management team from the upper echelons of F10 companies, working on such a marketplace to present in a digestible way to the masses for a relatively untouched $41b market.

If only.

 

There is. BBIG. lol

 

...

 

*Marge Simpson concerned groan*

https://m.economictimes.com/magazin...ud-in-online-auction/articleshow/90934455.cms

I think the real value in an NFT marketplace will be trading videogame based content.

Outside of purely digital property, the application seems limited and not terribly unique.

I mean, my anus is non-fungible. But no one's knocking down the door to buy it for millions.

 

I just want my 3 pixels of picasso for my 9 GTii shares

 

The entire world right now is convinced NFTs are a scam because of those shitty bored ape .jpg avatars. There's so, so much more that can be done with the technology.

I don't know if you play games, but imagine the steam marketplace across an entire genre of games. You earn a skin in one game, you can carry it over to tons of others. And more importantly, you have an offramp. In Steam, my $3k worth of TF2 items I grinded out through college is only redeemable through Steam's marketplace. I can buy more digital items with it or acquire more games.

Imagine if a company linked all of this nonsense together and let you cash out your grind hours for real cash.

And mind you, that's one potential revenue stream.

 

You better not get the nipple

 

I bought early in hopes of getting the nipple

 

selling FIFA coins got me banned on 4 different FIFA's, but it also payed for the next one plus a few COD games. That's as close as I can imagine

 

Yah, but only one good one

 

Oh, I understand the concept just fine. I'm just not sure who cares. People have been selling in-game cosmetics on ebay since like, Diablo 1. Even when it got noteworthy, like when the TF2 hats first came out, total exchange of currency was modest by any "business sector" standard. And if you're a game dev, you don't *want* your sought-after cosmetics compatible cross-title or cross platform, for the same reason Netflix doesn't want you to be able to watch Stranger Things on Disney+.

"A lot can be done with the technology" is the same thing we've heard about blockchain for the past 15 years.

That's great. I'm sure we'll love that "a lot" when it happens, and we'll know it when it happens. But so far, crickets. I expect NFTs to end up the same way. Non-fungible items just aren't rare and value comes from scarcity. So yes, the Mona Lisa NFT is extremely valuable but literal snowflake NFTs are not - there are millions produced every year that are just as good.

So an NFT marketplace certainly make sense for Gamestop as they can provide a neutral ground for digital-asset exchange which dovetails perfectly with the "we are the place for gaming" that they are trying to make their brand into. It could also be a huge help if there are in fact 100s of millions of naked/synthetic shorts and a token/NFT dividend forces a reckoning.

Outside of those two realms...meh.

 

"Who would buy a car? My horse works just fine"

With any new tech, you've got the adoption curve. I've spent enough time, money, and research over the last year and a half, I'm quite comfortable being on the early adopter side.