5 ms·

I sure hope more companies don't adopt this sort of gatekeeping, that sounds awful for the people who actually want to wear the shoes and great for the speculat

by shkkmo 5y ago

I sure hope more companies don't adopt this sort of gatekeeping, that sounds awful for the people who actually want to wear the shoes and great for the speculators who are abusing that demand to make money. If you have limited runs that you want to sell fairly and maximize profit on, why not just do a regular auction?

criddell 5y ago
What you call gatekeeping, Adidas would probably call price discovery.
- shkkmo 5y ago
  An auction seems like a much simpler way to do price discovery without excluding that part of your customer base that doesn't know how to use an NFT (or doesn't want to.) Edit: The market is for the NFTs, not for the shoes themselves. It isn't clear to me how Adidas is able to separate demand for the shoes themselves from speculative interest in making money off of the NFT. Markets can indeed be great price discovery mechanisms, but rampant speculation can significantly tarnish the effectiveness of that mechanism because the pricing can become more dependent of the market's understanding of demand rather than on the demand itself.
  - vmception 5y ago
    > The market is for the NFTs, not for the shoes themselves. It isn't clear to me how Adidas is able to separate demand for the shoes themselves from speculative interest in making money off of the NFT. The real question is why assume that was a goal? Adidas and many companies don't raise the MSRP specifically because they know they have a price sensitive audience and reputation. This gives them plausible deniability, the ability to sell an additional product and financial exposure to the volume in the secondary market anyway.
    - shkkmo 5y ago
      > The real question is why assume that was a goal? I didn't assume that. I was disputing as assertion that "price discovery" was the goal and that somehow made this not "gatekeeping".
- vmception 5y ago
  and so do I Glad to see mechanisms for the primary seller to accrue value from the secondary market.
vmception 5y ago
I think what you're missing is that Adidas and many streetware companies have already gone decades without acknowledging that their purchasers for certain merchandise are scalpers and speculators. Its a massive scene that has grown by orders of magnitude over the last decade like many other scenes. The only thing new here is that adidas finally acknowledged it.
- shkkmo 5y ago
  I'm not missing that fact. I think that NFTs are a bad, customer hostile solution to that problem.
  - vmception 5y ago
    Its more of a byproduct of a marketing push than an attempt at a solution. I didn't say Adidas did this because of a problem, they did this for fun. The problem is also distorted due to it. In the context of Adafruit's issue, the same model would have a result a bit more different than a one-time-password implementation.
    - shkkmo 5y ago
      > Its more of a byproduct of a marketing push than an attempt at a solution. > I didn't say Adidas did this because of a problem, they did this for fun. This, I absolutely agree with. > In the context of Adafruit's issue, the same model would have a result a bit more different than a one-time-password implementation. Adafruit is trying to keep access affordable, so the Adidas model isn't appropriate to their goals.
      - vmception 5y ago
        mmm yeah forgot that was one of the purposes of the Raspberri Pi, I just noticed that the 4's are too good and they noticed it too apparently

by shkkmo 5y ago

criddell 5y ago

What you call gatekeeping, Adidas would probably call price discovery.

shkkmo 5y ago
An auction seems like a much simpler way to do price discovery without excluding that part of your customer base that doesn't know how to use an NFT (or doesn't want to.) Edit: The market is for the NFTs, not for the shoes themselves. It isn't clear to me how Adidas is able to separate demand for the shoes themselves from speculative interest in making money off of the NFT. Markets can indeed be great price discovery mechanisms, but rampant speculation can significantly tarnish the effectiveness of that mechanism because the pricing can become more dependent of the market's understanding of demand rather than on the demand itself.
- vmception 5y ago
  > The market is for the NFTs, not for the shoes themselves. It isn't clear to me how Adidas is able to separate demand for the shoes themselves from speculative interest in making money off of the NFT. The real question is why assume that was a goal? Adidas and many companies don't raise the MSRP specifically because they know they have a price sensitive audience and reputation. This gives them plausible deniability, the ability to sell an additional product and financial exposure to the volume in the secondary market anyway.
  - shkkmo 5y ago
    > The real question is why assume that was a goal? I didn't assume that. I was disputing as assertion that "price discovery" was the goal and that somehow made this not "gatekeeping".
vmception 5y ago
and so do I Glad to see mechanisms for the primary seller to accrue value from the secondary market.

vmception 5y ago

I think what you're missing is that Adidas and many streetware companies have already gone decades without acknowledging that their purchasers for certain merchandise are scalpers and speculators. Its a massive scene that has grown by orders of magnitude over the last decade like many other scenes. The only thing new here is that adidas finally acknowledged it.

shkkmo 5y ago
I'm not missing that fact. I think that NFTs are a bad, customer hostile solution to that problem.
- vmception 5y ago
  Its more of a byproduct of a marketing push than an attempt at a solution. I didn't say Adidas did this because of a problem, they did this for fun. The problem is also distorted due to it. In the context of Adafruit's issue, the same model would have a result a bit more different than a one-time-password implementation.
  - shkkmo 5y ago
    > Its more of a byproduct of a marketing push than an attempt at a solution. > I didn't say Adidas did this because of a problem, they did this for fun. This, I absolutely agree with. > In the context of Adafruit's issue, the same model would have a result a bit more different than a one-time-password implementation. Adafruit is trying to keep access affordable, so the Adidas model isn't appropriate to their goals.
    - vmception 5y ago
      mmm yeah forgot that was one of the purposes of the Raspberri Pi, I just noticed that the 4's are too good and they noticed it too apparently