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A shirt whose price increases by 1 euro with every purchase
- david422 2y agoWhat's the incentive to buy? Get a shirt with a low number for the prestige?
- towawy 2y ago…or a high number to brag!
- ttyprintk 2y agoCurrently 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.
- DJBunnies 2y ago[flagged]
- whatsupdog 2y agoWhat 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.
- s1artibartfast 2y agoIt is actually a reasonable use case for a NFT
- Galanwe 2y agoNot sure why you are downvoted. This is indeed the exact use case for which NFTs were invented.
- iLoveOncall 2y agoBecause 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.
- s1artibartfast 2y agoBut it does require buying one real shirt/NFT for each fake a scammer sells.
- nickthegreek 2y agoWe used to have these thing called a Certificate of Authenticity that came with memorabilia, no blockchain required!
- Galanwe 2y agoNFTs were created for the very reason that certificates of authenticity have no value unless the ledger from which they were issued is not public. How can you know there wasn't more certificates printed than tee shirt created ? How do you know it's a real certificate in the first place ? How about you loose the certificate ? Seriously there really is no reason to not prefer a digital certificate versus a physical one, it is on all accounts superior. You certainly wouldn't argue cryptographic keys are useless because we have physical ones on any other matter if it wasn't for following the "I don't like blockchain" trainwagon.
- BobAliceInATree 2y agoWhat if you lose the private key to the NFT? What if you sell the NFT with a fake item? What if the blockchain splits and there's now two NFTS? What if people collectively think that NFTS are stupid and forget about them, so now the physical item owners are no longer the same the NFT owners? Definitely not "on all accounts superior."
- Thorrez 2y agoUsually there are ways to tell counterfeit from a real item.
- Cpoll 2y agoOnly 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 2y agoIt 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.
- PaulLeiby 2y agoRespectfully, 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 2y agoGreat 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.
- iLoveOncall 2y agoHere's how you calculate the total spent on the shirt so far: https://en.wikipedia.org/wiki/Arithmetic_progression#Sum https://en.wikipedia.org/wiki/Arithmetic_progression#Sum 16,836€ (183 sold)
- owendarko 2y agoWeren't 182 t-shirts sold? That would put the total amount made to 16,653. But yes, that's the way to calculate it.
- stearns 2y agoI think you're right. A price of 183 means that the seller is offering it to potential buyers at 183, not that it has sold at 183. So your calculation is correct.
- deleted 2y ago[deleted]
- iLoveOncall 2y agoYeah my bad, 183 t-shirts were sold but your total is still correct because the first one was sold for 0. EDIT: Someone bought another one, so my initial total is now correct lol
- dannyfritz07 2y agoDid it start at 1€?
- owendarko 2y agoIf this is at 183 euros, it means that the artist made 16,653 euros so far. Very impressive.
- null_deref 2y agoAre they an artist or one of the greatest marketers
- smnrg 2y agoRight. Paraphrasing, any sufficiently popular art piece is indistinguishable from marketing.
- SirFatty 2y agoI know it's completely different, but somehow feels similar to the Million Dollar Homepage. https://en.wikipedia.org/wiki/The_Million_Dollar_Homepage https://en.wikipedia.org/wiki/The_Million_Dollar_Homepage
- inanutshellus 2y agoWent ahead and headed over to the MDH and clicked on 20 links. Only two worked. Wondermark.com (apparently a comic strip) and... SendShit.co.uk. lol.
- mojuba 2y agoYep, thought the same. Both are social games with very simple rules. Always wondered what makes social games like these, and by extension also social networks interesting or not.
- jkestner 2y agoPinboard pricing model escapes containment.
- ttyprintk 2y agoI wonder what happened to that? https://news.ycombinator.com/item?id=8751170 https://news.ycombinator.com/item?id=8751170
- schnitzelstoat 2y agoThis reminds me of that early internet web page where you could buy a pixel for $1. It seems novelty pricing can be quite successful!
- xnx 2y agoMissed the chance to call them NFTshirts.
- deleted 2y ago[deleted]
- underseacables 2y agoInteresting. Reminds me of TeeFury, which only sells a T-shirt design for 24 hours.