Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
Perhaps my scepticism is unjustified, but I don't really see this taking off and suspect the crypto / NFT stamps will go the same way as FDC's, prestige booklets and other items created especially for collectors: overpriced but in the end unwanted.
What do you think?
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05:39:32pm
I must be getting really old but I have no idea what you mean by "a socalled NFT that can be traded online"! I never really understand NFTs either and they really never seem to be discussed any more!
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@Joe: i never understood this NFT ( https://en.wikipedia.org/wiki/Non-fungible_token) idea either. Just another tulip mania and like you say they seem to be out of fashion already. So the postal administrations are getting on board pretty late. Too late probably.
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Remember when Canada sold the stamps that were also phone cards that you could use? That fizzled out fast, but the stamps hold a high value.
I agree with you, Jan.
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"I must be getting really old but I have no idea what you mean by "a socalled NFT that can be traded online"! I never really understand NFTs either and they really never seem to be discussed any more!"
I might have said it before, but NFT's, cryptocurrencies and, in my view , even RRSP investments are mirroring the well known case of the Filed of Miracles from Pinocchio:
"Pinocchio encounters The Fox and the Cat after leaving Mangiafuoco's theatre with five gold coins. The Fox claims to know Pinocchio's father Geppetto and proposes to Pinocchio to visit the Land of Barn Owls (Italian: Paese dei Barbagianni) and thence to a Field of Miracles, where coins can be grown into a money-producing tree. They convince him that if he plants his coins in the field, they will grow into a tree with gold coins. "
I am yet to see RRSP investments keeping up with inflation - in my case, I must have realized a 50% loss in the buying power of the little I had there.
But Bitcoin is now at nearly $30K/piece after hitting a bottom of $16K just a few months ago. I have my own explanation of why these digital assets exist and continue to exist.
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Anything called crypto seems like a way for someone to make money and not solve many problems.
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Cryptocurrency and NFTs remind me of the Hans Christian Andersen parable, The Emperor Has No Clothes.
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Recently several postal administrations issued socalled crypto stamps where one does not only buy a stamp for mailing letters, but also a socalled NFT that can be traded online. Among others the Netherlands and Austria issued such stamps. In my opinion it is just another attempt to make money over the backs of collectors because really: is someone waiting for this?
Perhaps my scepticism is unjustified, but I don't really see this taking off and suspect the crypto / NFT stamps will go the same way as FDC's, prestige booklets and other items created especially for collectors: overpriced but in the end unwanted.
What do you think?
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This is my diabetic cat OBI! I think, therefore I am - I think! Descartes, sort of!
21 Jul 2023
05:39:32pm
re: Crypto stamps - a hype or a good investment?
I must be getting really old but I have no idea what you mean by "a socalled NFT that can be traded online"! I never really understand NFTs either and they really never seem to be discussed any more!
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this post
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re: Crypto stamps - a hype or a good investment?
@Joe: i never understood this NFT ( https://en.wikipedia.org/wiki/Non-fungible_token) idea either. Just another tulip mania and like you say they seem to be out of fashion already. So the postal administrations are getting on board pretty late. Too late probably.
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11:23:48pm
re: Crypto stamps - a hype or a good investment?
Remember when Canada sold the stamps that were also phone cards that you could use? That fizzled out fast, but the stamps hold a high value.
I agree with you, Jan.
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re: Crypto stamps - a hype or a good investment?
"I must be getting really old but I have no idea what you mean by "a socalled NFT that can be traded online"! I never really understand NFTs either and they really never seem to be discussed any more!"
I might have said it before, but NFT's, cryptocurrencies and, in my view , even RRSP investments are mirroring the well known case of the Filed of Miracles from Pinocchio:
"Pinocchio encounters The Fox and the Cat after leaving Mangiafuoco's theatre with five gold coins. The Fox claims to know Pinocchio's father Geppetto and proposes to Pinocchio to visit the Land of Barn Owls (Italian: Paese dei Barbagianni) and thence to a Field of Miracles, where coins can be grown into a money-producing tree. They convince him that if he plants his coins in the field, they will grow into a tree with gold coins. "
I am yet to see RRSP investments keeping up with inflation - in my case, I must have realized a 50% loss in the buying power of the little I had there.
But Bitcoin is now at nearly $30K/piece after hitting a bottom of $16K just a few months ago. I have my own explanation of why these digital assets exist and continue to exist.
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this post
re: Crypto stamps - a hype or a good investment?
Anything called crypto seems like a way for someone to make money and not solve many problems.
6 Members
like this post.
Login to Like.
re: Crypto stamps - a hype or a good investment?
Cryptocurrency and NFTs remind me of the Hans Christian Andersen parable, The Emperor Has No Clothes.
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like this post.
Login to Like.