[ttyprintk]

Currently at #183. Regarding my asking price of €190 for my mint-condition shirt #4, some people say I need to have more faith and HODL. Others say I’m contributing to a worse society by trying to find the next greater fool.

[PaulLeiby]

Respectfully, I fear the latter. Trying to generate value through specious/arbitrary scarcity, and hoping that demand (willingness to pay) will rise because of that arbitrary constraint on supply. Maybe this is the future, when it seems increasingly easy and cheap to create "things" (t-shirts, widgets, design, prose text, code, music ...), and in large number. The original hope for mechanization/automation is that people's free time and creativity could be devoted to creating new, better, or just more personally satisfying things. I definitely do like the t-shirt as a satirical statement on Bitcoin and NFTs though, if that is what is it. Good luck!

[ttyprintk]

Great comment. I have decided to insure my mint-condition #4 for €185. Even though the shirt is its own receipt, €185 is the replacement cost.

I notice 100 shirt owners like me have taken out the same policy. So, average replacement cost for a tragic dry-cleaning mistake in which all 100 insured shirts are lost is actually €235.

Obviously, any insurance company recognizes me as a sophisticated customer, so they offer me a choice: they could preventatively buy and store shirt #185 today, if I should ever need it, for an extra €10, or add a policy rider to insure the €50 difference between the replacement price and €235, for an extra 5.

[whatsupdog]

What stops a Chinese factory to print a 1000 shirts with 0004 embroidered and shipped all over the world? This is just a NFT esque grift.

[Thorrez]

Usually there are ways to tell counterfeit from a real item.

[Cpoll]

Only if the cost of making a better counterfeit exceeds the cost of the legitimate item. It's a t-shirt, it doesn't have a chain of attestation.

[Thorrez]

It doesn't cost much for me to write my signature, but people can still detect forgeries.

Unless the counterfeit shirts were manufactured in the same factory, with the same process, I don't think they'll be identical. Dries Depoorter might be adding the numbers herself by hand, so unless the counterfeiter has the same tools as he does, there will likely be differences.

[s1artibartfast]

It is actually a reasonable use case for a NFT

[Galanwe]

Not sure why you are downvoted. This is indeed the exact use case for which NFTs were invented.

[iLoveOncall]

Because the NFT isn't the t-shirt. You can own the NFT and the physical t-shirt, and sell the NFT to someone else but give them a fake t-shirt. They don't suddenly have a real t-shirt just because they have the NFT.

[Galanwe]

> You can own the NFT and the physical t-shirt, and sell the NFT to someone else but give them a fake t-shirt

That's a very smart way to achieve nothing. You now have created an actual copy on a shirt, at your cost, and proceeded to still own a shirt that has no market value now that you don't have it's authenticity proof. Seems like a very smart thing to do.

[s1artibartfast]

But it does require buying one real shirt/NFT for each fake a scammer sells.

[nickthegreek]

We used to have these thing called a Certificate of Authenticity that came with memorabilia, no blockchain required!