Specifically with regard to philately, the whole point of it is to collect items designed, printed and sold to move the mail. We can have a discussion about non-philatelic stamps like revenues, etc., but the NFT market isn't about that at all. It's no different than printing pictures of stamps off of the Internet, cutting them out and sticking them in an album and pretending you actually own any of those stamps. That's all an NFT is, saying you "own" a thing that you don't own, often because the demand far outweighs the supply. The ideas of selling "shares" of things is absurd. Yes, there are people who are making a bunch of money off of people who are stupid enough to go along with it, scam artists have always made money off of the gullible but at least you used to get a bottle of snake oil, even if it didn't do anything. Now, people aren't getting anything. Ultimately, stamp collecting is about collecting things intended for postal use. NFTs do not fill that definition. Now anyone can spend their money any way they want to, but let's be honest. The post office is desperate enough to try anything to make a buck. It's why they spend so much time putting out items aimed at the collector market, so they can make a buck without ever doing the duty they are in business to do. This should make people mad at the post office. Instead of putting their efforts into improving service, etc., they'd rather try to scam the gullible with non-philatelic grifts. These are not people who want to sell products, they want to sell ideas. Their customers are buying feelings with nothing to back them up. That's just stupid.
@@BitchspotBlog No, you're wrong. There are NFTs used for postal purposes. You are thinking of the ones like Austria with the digital counterpart to the physical stamp.
@@thedigitalphilatelist Please describe how a *digital* non-fungible token, something that doesn't actually exist in the real world, can be placed on a physical envelope and used to move the mail. At best, the NFT portion is meaningless to the actual function of the stamp, such that without the NFT, the stamp works just fine on its own. Edit: Funny how he can't manage it, isn't it? This shouldn't be that hard. If it's actually going on, he should be able to describe how it happens. Instead, he runs around bad-mouthing CWP.
What I liked about this: the Bible block! I don't collect US stamps, am not specially interested in them, but that block is an awesome item! You don't need to know that much about US stamps to appreciate how special such an item must be. With a great story too; I even looked it up. Will I ever say the same about an NFT?
I think the bigger possible issue with rare stamps, is that people may have the option to destroy the original stamp after the NFT is produced and sold. This could be detrimental to the hobby if this kind of thing occurs.
I'm so very glad to hear this conversation. You hit on all of the problems I see with this technology. As you say, philately is about dealing with tangible artifacts of the world's postal systems. To me, the joy of philately, as with many hobbies, is that interaction with tangible objects, There are people, no doubt, who will collect NFT's of various kinds, including of philatelic items. But there is no reason to expect that many of them will then make the jump to collecting tangible postal items aka philately.
Ultimately, it's up to the collector as to what they place value in. Philately is about examining, inspecting, researching a physical stamp. It's also about history, art, politics, culture. NFT's don't really offer any of that. They're popular, not because of they're collectability, but because people can profit from them greatly at the moment. They're fine for other people, just not for me, and please don't count them as philately, they belong in some other classification.
I'm currently reading 'What Price Philately' and oh boy!, I see we can now add two more to Milbury's list of philatelic pathologies: Scratchticketoma (cryptostamps) and Phantom Stamp Syndrome (NFCs).
I agree with you guys … no nfts … but I don’t think this will impact the hobby… collectors don’t look at the value but they do want to protect it… holding the physical is like gold
It took me 30 mins to try and understand what an earth you guys were talking about . I had to Google it . NFT’s makes zilch comprehende! Absolute madness and I still don’t actually get it . Never want to hear about it again ! 😡💨💨💨💨😂😂
So, do you take the red pill or the blue pill? Take the red pill and welcome to the Matrix of Philately. As for me, if I can't strike a match and burn it, I don't own it!
I want to mention also that some of the people who are throwing a lot of money (more than $100.000) is also done for money laundering or for tax benefits or tax evasion. You buy something for 100k and sell it to a friend for 300k then he pretends he lose the passphrase and now can claim a 300k loss on his taxes while getting the 300k back laundered by you minus a fee. This is not the proper way to do it but you get the point. Furbies used to sell for tons of money...nobody cares anymore. NFTs are the 2022 furbies
There are a few types of philatelic NFTs. You have NFTs used for postal purposes, NFTs that are counterparts to physical stamps (issued by Postal Authorities and embedded in the stamp), NFTs that are just stamp art (Veve), and then general stamp NFTs which are best likened to cinderellas (Opensea and the Stamp Auction Network stuff mentioned in the video).
The Exploring Stamps video referred to in this video is a useful introduction. It certainly helped me to get a better appreciation for the subject: ua-cam.com/video/79dDjoO165s/v-deo.html
NFTs are the giant pile of dong that Jeff Goldblum looks at in Jurassic Park. If you don t have internet...your NFTs don t exist. It is an idiotic concept for stamps and anything where you collect things digitally is a waste. It is the same as having a playstation game physical disk or having the game only online and not own a physical copy. If the company bans your account for any reason you now have nothing when everything is online.
One is strongly reminded of tulips in Amsterdam in the 1630s. One future day (possibly not-so-distant) this bubble will burst, too.
😂 Gary Loew says NFT means non flowering tulip 🌷
Comparing the NFT market to Tulipmania is a bad comparison. They aren't the same thing.
@@thedigitalphilatelist They obviously aren't but the human behaviour patterns behind such bubbles are.
I m older and I will always enjoy going and looking through my many albums of my stamps and getting a new stamp and adding it to my collection
Specifically with regard to philately, the whole point of it is to collect items designed, printed and sold to move the mail. We can have a discussion about non-philatelic stamps like revenues, etc., but the NFT market isn't about that at all. It's no different than printing pictures of stamps off of the Internet, cutting them out and sticking them in an album and pretending you actually own any of those stamps. That's all an NFT is, saying you "own" a thing that you don't own, often because the demand far outweighs the supply. The ideas of selling "shares" of things is absurd. Yes, there are people who are making a bunch of money off of people who are stupid enough to go along with it, scam artists have always made money off of the gullible but at least you used to get a bottle of snake oil, even if it didn't do anything. Now, people aren't getting anything.
Ultimately, stamp collecting is about collecting things intended for postal use. NFTs do not fill that definition. Now anyone can spend their money any way they want to, but let's be honest. The post office is desperate enough to try anything to make a buck. It's why they spend so much time putting out items aimed at the collector market, so they can make a buck without ever doing the duty they are in business to do. This should make people mad at the post office. Instead of putting their efforts into improving service, etc., they'd rather try to scam the gullible with non-philatelic grifts. These are not people who want to sell products, they want to sell ideas. Their customers are buying feelings with nothing to back them up.
That's just stupid.
NFTs are used for postal puposes.
@@thedigitalphilatelist The physical stamps are. The digital part is not.
@@BitchspotBlog No, you're wrong. There are NFTs used for postal purposes. You are thinking of the ones like Austria with the digital counterpart to the physical stamp.
@@thedigitalphilatelist Please describe how a *digital* non-fungible token, something that doesn't actually exist in the real world, can be placed on a physical envelope and used to move the mail. At best, the NFT portion is meaningless to the actual function of the stamp, such that without the NFT, the stamp works just fine on its own.
Edit: Funny how he can't manage it, isn't it? This shouldn't be that hard. If it's actually going on, he should be able to describe how it happens. Instead, he runs around bad-mouthing CWP.
@@BitchspotBlog ay, dont feel too bad. You're talking to a dude who copypastes wikipedia articles on his website and calls it his own.
You are not only speaking for the 20-40 demographic. This 65 you old agrees with you!
What I liked about this: the Bible block! I don't collect US stamps, am not specially interested in them, but that block is an awesome item! You don't need to know that much about US stamps to appreciate how special such an item must be. With a great story too; I even looked it up. Will I ever say the same about an NFT?
I think the bigger possible issue with rare stamps, is that people may have the option to destroy the original stamp after the NFT is produced and sold. This could be detrimental to the hobby if this kind of thing occurs.
I'm so very glad to hear this conversation. You hit on all of the problems I see with this technology.
As you say, philately is about dealing with tangible artifacts of the world's postal systems. To me, the joy of philately, as with many hobbies, is that interaction with tangible objects,
There are people, no doubt, who will collect NFT's of various kinds, including of philatelic items.
But there is no reason to expect that many of them will then make the jump to collecting tangible postal items aka philately.
Which is exactly the point. What's going to keep philately going isn't people buying digital chachkies. It's people buying physical stamps.
Ultimately, it's up to the collector as to what they place value in. Philately is about examining, inspecting, researching a physical stamp. It's also about history, art, politics, culture. NFT's don't really offer any of that. They're popular, not because of they're collectability, but because people can profit from them greatly at the moment. They're fine for other people, just not for me, and please don't count them as philately, they belong in some other classification.
I'm currently reading 'What Price Philately' and oh boy!, I see we can now add two more to Milbury's list of philatelic pathologies: Scratchticketoma (cryptostamps) and Phantom Stamp Syndrome (NFCs).
I agree with you guys … no nfts … but I don’t think this will impact the hobby… collectors don’t look at the value but they do want to protect it… holding the physical is like gold
It took me 30 mins to try and understand what an earth you guys were talking about . I had to Google it . NFT’s makes zilch comprehende! Absolute madness and I still don’t actually get it . Never want to hear about it again ! 😡💨💨💨💨😂😂
I would rather stand in the shower tearing up $100 bills then buy an NFT, at least I would get a shower with the former....
So, do you take the red pill or the blue pill? Take the red pill and welcome to the Matrix of Philately. As for me, if I can't strike a match and burn it, I don't own it!
I want to mention also that some of the people who are throwing a lot of money (more than $100.000) is also done for money laundering or for tax benefits or tax evasion. You buy something for 100k and sell it to a friend for 300k then he pretends he lose the passphrase and now can claim a 300k loss on his taxes while getting the 300k back laundered by you minus a fee. This is not the proper way to do it but you get the point.
Furbies used to sell for tons of money...nobody cares anymore. NFTs are the 2022 furbies
You didn't explain what Philatelic NFTs are
Selling digital pictures of stamps or portions of them using crypto currencies. That's my view. May be wrong.
@@ehtashamahmad3137 No, that's not it. People gamble real money on these too.
Watch Graham’s episode on the concept, he does a good explanation of it (Exploring Stamps)
There are a few types of philatelic NFTs. You have NFTs used for postal purposes, NFTs that are counterparts to physical stamps (issued by Postal Authorities and embedded in the stamp), NFTs that are just stamp art (Veve), and then general stamp NFTs which are best likened to cinderellas (Opensea and the Stamp Auction Network stuff mentioned in the video).
The Exploring Stamps video referred to in this video is a useful introduction.
It certainly helped me to get a better appreciation for the subject:
ua-cam.com/video/79dDjoO165s/v-deo.html
please fix both of your audios, very hard to hear.
NFTs are the giant pile of dong that Jeff Goldblum looks at in Jurassic Park. If you don t have internet...your NFTs don t exist. It is an idiotic concept for stamps and anything where you collect things digitally is a waste. It is the same as having a playstation game physical disk or having the game only online and not own a physical copy. If the company bans your account for any reason you now have nothing when everything is online.
Wow...this episode had so much misinformation in it. It was kinda painful to watch.