Sotheby's sued over sale of NFTs 1 1

[comix4fun]

On 8/18/2023 at 9:55 AM, Bronty said:

Thanks, that's interesting.

You don't think there's a common sense element of "you bought a fukkin digital file with no inherent value"?

Sure, and if it was marketed that way there'd be no case (and no market for these things). Once they crack open this walnut and show their hand and evidence of how this was sold to people we'll see if it's people being dumb with their money or people being dumb with their money because they were induced to by fraud or deception. 

[Terry E. Gibbs]

On 8/19/2023 at 3:41 AM, Will_K said:

In general, going to court would open the can of worms that is the entire art market.  As has been mentioned in previous topics, there are some loose analogs between the lowly comic book art market and art sales/auctions.

To my mind it is the celebrities who got paid to hype something even they abstained from who may be the easy targets. " What do you mean I can't just open my mouth about stuff I have zero knowledge about just to make more than most people earn over many years !!!!!"

[Terry E. Gibbs]

On 8/18/2023 at 3:05 AM, Bronty said:

 

   What did they expect was going to happen?

 

Probably that these would jump to maybe 10 times their purchase price in a matter of months. Hey it worked when they brought crypto and they knew zilch about that either.

[grapeape]

On 8/18/2023 at 8:02 AM, SpineTic said:

Hey gang I'm taking investors and selling 50,000 shares at $999 each for this 1/1. They won't be available forever. The phone lines are lit and supply is limited. 🍇 + 🦍 

[Pickie]

So they speculated and actually lost money? 

[tth2]

On 8/19/2023 at 4:13 PM, Pickie said:

So they speculated and actually lost money? 

They wouldn't be suing if they made money.

[shadroch]

On 8/19/2023 at 1:13 AM, Pickie said:

So they speculated and actually lost money? 

Is that legal?

[SpineTic]

[Michael Browning]

On 8/17/2023 at 11:25 AM, SpineTic said:

Seems legit?

After watching this, I feel like Chuck Bartowski and now I may have the intersect in my head and can now be a super spy.

[MAR1979]

In court...

Sothebys atrorney to some NFT bro; "You literally purchasing nothing, then when it increased in goint rate and you bragged and gloated about it. Where was you lawsuit then????"

NFT bro;  "Buh buh buh...we're 1% ers and are entitled by the Lord to make a large profit"

Jury decision;   STFU Rich boy NFT bro and beat it.

Edited August 22, 2023 by MAR1979

[Rick2you2]

On 8/19/2023 at 12:21 PM, Michael Browning said:

After watching this, I feel like Chuck Bartowski and now I may have the intersect in my head and can now be a super spy.

This is probably one of the only places that reference would still resonate. Buy More?

[alxjhnsn]

On 8/22/2023 at 6:48 PM, Rick2you2 said:

This is probably one of the only places that reference would still resonate. Buy More?

I had to look it up. https://en.wikipedia.org/wiki/Chuck_Bartowski

[MAR1979]

Man this festering gob keeps spewing out the same manure

https://blog.gocollect.com/does-new-technology-make-you-skeptical-of-digital-collecting-heres-why-you-shouldnt-be-afraid/

BTW he things the Apes gif is/was good because it means mass adoption...

It’s already happening with terms like digital assets, digital contracts, digital collectibles and digital experiences replacing a term that instantly conveys techno-geeks & celebrities dolling out million$ for 2D apes or napkin art.  This is when mass adoption occurs, which is EXACTLY what we saw with THE INTERNET, now 100% engrained in daily life.

BTW the Moe Ron thinks engrained means ingrained

Edited September 3, 2023 by MAR1979

[comix4fun]

On 9/3/2023 at 2:28 PM, MAR1979 said:

Man this festering good keeps spewing out the same manure

https://blog.gocollect.com/does-new-technology-make-you-skeptical-of-digital-collecting-heres-why-you-shouldnt-be-afraid/

BTW he things the Apes gif is/was good because it means mass adoption...

It’s already happening with terms like digital assets, digital contracts, digital collectibles and digital experiences replacing a term that instantly conveys techno-geeks & celebrities dolling out million$ for 2D apes or napkin art.  This is when mass adoption occurs, which is EXACTLY what we saw with THE INTERNET, now 100% engrained in daily life.

BTW the Moe Ron thinks engrained means ingrained

The kind and gentle angel on my shoulder would describe his point of view as "Not Fully Objective".