New way to buy and sell pokemon cards

Are they trying to set it up like Blur or OS? Ballsy move IMO, if so, but I understand the concept of making them liquid. Not my personal cup of tea, but thank you for sharing, as I had no idea these concepts were out there.

Side note: I personally like PWCC, so for sure, check it out :blush:

Thought I sleep-posted for a bit there.

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The irony is this is what we did with money. Gold turned to cash, cash turned into a number on a computer. Then Fitch downgrades the US credit because we spend more than we can afford.

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More like Opensea. I am seeing that PWCC has a pretty solid business model. I guess what I like about the NFT version is you have instant settlement and access to your funds when you buy or sell. and you would not need to KYC as a buyer.

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my mom has a new boyfriend and he recently said that ā€œNFTs are ugly cartoonsā€ and a ā€œmultilevel marketing scheme for virginsā€. When I tried to explain the fundamentals of the blockchain to him he said that he ā€œright clicked on your mom last night.ā€ Any advice?

EDIT: also yeah, this is…just why? why would anyone use this company? its a scam with extra steps

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Sounds very dangerous to me. Prefer physical original copies of cards which I can bring home.

NFT = gold certificate

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NFTs aren’t a solution to anything, just like crypto isn’t.

As previously mentioned, get out of it while you can.

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I agree the company does not have the reputation built, for trust. But I do really like the concept of using nfts for instant settlement. Maybe PWCC would be the right company to be able to use the nft system since they already have the trust.

I would stop using pwcc the second they switch to using some digital token

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I think the main value add in the digitalization like courtyard is that its not dependent on any platform - and can offer new ways of flexible transactions + potential security (if done right).

A couple examples I can think of:

  1. Being able to have more platforms that you can search and discover available inventory on. Currently searching on PWCC and EBAY kinda sucks, there is minimum standardization for labels or posts - when someone like courtyard generates the NFT, the metadata is created with it.

  2. Anyone can potentially build a marketplace to transact the NFTs on, in the OPs example courtyard is just where one would go to redeem the NFT for the physical but NFT marketplaces like Opensea are where you might go to buy/bid/sell. This means that there is more competition on the marketplace side, which means less fees for consumers longterm - it also separates marketplace from storage/utility.

  3. Private Peer to Peer transactions could be safer and free- I see alot of deals happening now on places like faceboook or instagram where we have ā€œbuyer protectionā€ through 3rd parties like paypal. But I know i’ve first hand been screwed over by Paypal as a buyer when something was lost in shipping. Digitalization allows moving the asset between two people as well not just on a marketplace. Say I buy a card off someone on Instagram - they could set up a private deal for the NFT (NFT marketplaces are 0 fees for private transactions) - then if i want the card i go to courtyard to redeem it. I’m not reliant on the seller to ship and package properly. To be fair I don’t know anything about BRINK at all and how secure it is (the company courtyard is using for physical storage). The benefit here is that the transaction is instant - buyer gets ownership and seller gets money - with no fees inbetween. Transfers are also easy - you technically own the NFT in a wallet that no one controls but you - you can send it to anyone you want instantly. The difficult part is proving out the model enough so people can trust the physical backing - only a matter of time IMO.

Agree we have a long way to go in digital security and ensuring things are backed properly and with proper regulations/rules in place - but i do believe digital/blockchain tech is laying fundamentals of the future proof of ownership model.

Full disclose: i have no affiliation with any nft company but have done a ton of nft/crypto trading so just here to offer a voice from the otherside.

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You hit alot of things I think would make collectibles trading great and also a few I hadnt even thought before. You are right that is could create really great new market places. I think there will be a company that comes in to gain reputation for storing all sorts of different collectibles and issues nfts as certificate of deposit. already in the art world there are companys that store peoples paintings. Not a big stretch for a company to adapt and add collectibles too.

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If I am understanding you correctly. You prefer that the proof of ownership of your cards you send in PWCC are stored on PWCC’s private sever and, not a public one. Interested to know why?

I don’t care what the database architecture is at all. The only important thing is that when I need to take my items or money out, I get my items and money. Adding something to a public ledger does not make a company more honest or solvent, in fact history would suggest the opposite.

I don’t want to go through the unnecessary step of converting my money into a volatile currency as a way to buy something and store value. I don’t want the company I am trusting to protect my valuables to also be tied to the success of that currency.

Most importantly is the message it sends. All this block chain nft stuff has WAY more to do with marketing than actually building a functional project. It signals to a specific type of person. The selling point is never ā€œhere is a need we fulfilledā€ but almost universally about how the service will generate you money, usually in an non-scalable way.

So if PWCC were to go on the blockchain tomorrow, it would signal to me that they are looking to capitalize on a hype market and trade off long term stability for potential short term gains. I’d rather not have my cards stored at a place like that

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I think this is great, I’ll take photos of all of my cards and you guys can buy the photos and I get to keep the card :slight_smile: Sounds like a win-win for me!

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I think this hits the nail on the head, while fundamentally I think crypto will have a substantial use case in the future, current projects are generally cases of creating a problem to sell a solution, rather than selling a novel solution to a prevalent problem.

Although trust is a fundamental problem in online commerce in general, and no company (or custodian in this case) is above becoming insolvent, the current state of any sort of blockchain based solution is just adding a layer of trust on top of a layer of trust-lessness, adding more steps and more complication to the issue, much like @pfm’s meme.

I personally would still hedge my bets on someone like PWCC in this example, even coming from a bleeding-edge tech background. I’ve thought up solutions to the fundamental problems of trust in commerce and frankly traditional tech is doing a far better job addressing those problems than anything bleeding-edge or blockchain related.

Edit: As a note I’m not intending to nay-say this company in particular or anything like that, I’ve always had great interest forward thinking technology and bleeding-edge solutions. My intent is to add to the discussion of the role of blockchain tech in a market like this.

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Ensuring proper security protocols are in place is one thing, how can people be sure any NFT company won’t bankrupt and run away with people’s slabs?

I mean, even big banks had bankrupted and collapsed before.

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It’s 2023 and it’s wild that there are people who still think that crypto and NFTs offer any value.

Goes back to this:

It’s easier to fool people than to convince them that they have been fooled.

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And some people prefer to listen to sweet lies than hear the bitter reality.

Your point about banks kinda answers that no? You could say that about any company, regardless of whether its crypto/nft related. Any sort of custodial storage comes with a level of risk - that risk just decreases with historical track record, regulations, proper decentralization, etc.

If anything this would be adding a layer of decentralization - one entity holds the physical, one holds the digital, and the 3rd is a marketplace that facilitates transactions. Today its just unique entities (ebay, PWCC) doing all 3 in silos, if anything that increases the risk if one goes down you’d have a tough time getting stuff back.