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Foxfire_
Nov 8, 2010



GlyphGryph posted:

Hmm. This makes it sound like it's not so much a beanie baby, it's the certificate of authenticity that comes with the beanie baby, and people are just trading/selling the certificates themselves instead of the thing they're attached to?

It's not even a certificate of authenticity, it's not inherently associated with the manufacturer or anything

- You have a beanie baby on a shelf in your house
- I write "GlyphGryph has a beanie baby in his house. It's a green rabbit and pretty cool." on a sticky note. Only one person can be physically holding that particular sticky note at a time. Nothing stops me or anyone else from making another one, it'll just be a different piece of paper
- I sell the sticky note to an idiot and write "'Foxfire sold this to X' on the bottom" when I give it to them.

It's that, but the sticky note is digital instead of physical. I don't need to have any relationship with you and you don't have any obligation to keep the beanie baby on that shelf.


e: also, we light a few barrels of oil on fire to celebrate each transaction
e2: the beanie baby also doesn't ever need to actually exist, I can just write a lie on the sticky note

Foxfire_ fucked around with this message at 18:55 on Apr 2, 2021

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Foxfire_
Nov 8, 2010



Is he making money, or is he getting etherium tokens with a nominally high paper value, but aren't readily convertible to USD?

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