Interesting thesis Joel. I suspect there are contradictions. Amazon for example has fairly large number of 'dodgy' goods and counterfeits and they do get delivered into USA. Cheap medicine is another large hole in enclosure in USA with shipments leaking thru.
Maybe some more elements are also contributor and maybe velocity of trade and volume may have been less the bother at this point in time. Once crypto hots up organizations 're-discover' crypto
Absolutely! I just think it is a lot easier to catch and claim platform fraud with NFTs because they are digital goods. With offline goods- there's a high portion of fraud that goes unreported because of how much hassle is there in the process.
You are right in that this is a peak bubble to bust emotion switch at large orgs. Good point
Interesting thesis Joel. I suspect there are contradictions. Amazon for example has fairly large number of 'dodgy' goods and counterfeits and they do get delivered into USA. Cheap medicine is another large hole in enclosure in USA with shipments leaking thru.
Maybe some more elements are also contributor and maybe velocity of trade and volume may have been less the bother at this point in time. Once crypto hots up organizations 're-discover' crypto
Absolutely! I just think it is a lot easier to catch and claim platform fraud with NFTs because they are digital goods. With offline goods- there's a high portion of fraud that goes unreported because of how much hassle is there in the process.
You are right in that this is a peak bubble to bust emotion switch at large orgs. Good point
The NYT had a sardonic take on underperformance of Trump cards :
Trump’s online trading cards show underwhelming early sales