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Collectible dolls aren't SEC regulated as investments. But they're still subject to laws protecting property rights.
by rayiner 2y ago
Collectible dolls aren't SEC regulated as investments. But they're still subject to laws protecting property rights.
- westurner 2y agoJeff Foxworthy, a comedian, once said: > Sophisticated people invest their money in stock portfolios. > Rednecks invest their money in commemorative plates. Are NFTs or memecoins more similar to (NASCAR) commemorative plates?
- rayiner 2y agoThat is the perfect analogy both for what NFTs are and who buys them. I’m stealing that.
- westurner 2y agoCollectibles are also subject to financial reporting requirements that apply according to the USD value at time of purchase and sale. As I said before in the past regarding "Elephant in the room: Quantum computers will destroy Bitcoin" https://news.ycombinator.com/item?id=43188345#43188777 https://news.ycombinator.com/item?id=43188345#43188777 : > The market does not appear to cost infosec value, risk, or technical debt into cryptoasset prices. > PQ or non-PQ does not predict asset price in 2025-02. But what about DOGE?