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Wacky idea for a new PCGS product. Virtual collection.

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  • jmlanzafjmlanzaf Posts: 35,204 ✭✭✭✭✭

    @LindyS said:
    PCGS captures pics of the coins submitted.

    I wonder if they own copyright to your coins' images ?

    @Zoins said:
    Who says they haven't been?

    This job opening has been closed. Do we know if this role was filled and, if so, who is leading this?

    https://startup.jobs/principal-software-engineer-nfts-collectors-universe-3030514

    COLLECTORS UNIVERSE IS HIRING A
    Principal Software Engineer, NFTs
    [...]
    We’re looking for a Principal Software Engineer to lead our engineering efforts on a stealth project team focused on NFTs and crypto. This leader will serve as the Technical founder and leader of this new initiative and will come in at the ground floor, partnering hand-in-hand with the Product founder. We are looking for someone who is passionate about building Web3, and has proven experience leading NFT projects and deploying crypto products. You’ll use these skills to play a lead role in shaping the future of Collectors, and will be at the forefront of innovation and emerging technologies. We seek a Principal Engineer who is ambitious, quick to learn, comfortable with ambiguity and outcomes driven. We value people who can quickly obtain a deep technical understanding of new domains, and enjoy working highly independently to solve our most important problems.
    [...]
    What You’ll Do:

    • Serve as a technical co-founder of a new NFT initiative, developing technical strategy and its architecture
    • Be able to serve as a full-stack blockchain developer (solidity, javascript)
    • Build frontend and backend software in Web3 environments (e.g. ether.js, web3.js, Foundry, React, Node.js)
    • Collaboratively partner with product, data science, UX, and other teams within the organization to identify the highest impact technology opportunities to impact the product and user experience.
    • Partner with other leaders from architecture, engineering management, and product management on project requirements.
    • Help to set a high-bar on code quality by writing thorough tests, conducting code reviews, and creating robust documentation.
    • Mentor junior engineers as they develop their software development skills.
    • Stay on the bleeding edge of the latest NFT/Blockchain trends, best practices, and technologies

    They do

  • jmlanzafjmlanzaf Posts: 35,204 ✭✭✭✭✭

    @Zoins said:

    @messydesk said:

    @DCW said:
    I think the NFT stupidity has already had its time in the Sun.
    The whole thing is absurd.

    There is a place for it with stuff like conveying title to something real that can't be replicated. For coins, an NFT could hold fractional ownership in a trophy coin. If today a group of people own shares of such a coin, one person selling their share is likely a complicated process. With an NFT holding someone's share of a coin, it could easily be sold at auction without involving the other shareholders, barring contractual agreement between the shareholders governing how shares are to be sold.

    I wonder if NFTs will be as easy to steal as Bitcoin?

    Please see the BTC thread to better understaffed your fallacy

  • jmlanzafjmlanzaf Posts: 35,204 ✭✭✭✭✭

    @Chevyrose said:
    Well this is awkward

    I like things that exist that don’t involve things like phones, internet, television, ect.

    Like books, cars, coins, nature, tangible art

    NTFs are preposterously stupid

    In my opinion this is a terrible idea

    NFT.

    The point is not the NFT, is the virtual collection. The NFT is just a way to manage it and make it a little more challenging and official than simply stealing Heritage auction photos or TVs..

  • jmlanzafjmlanzaf Posts: 35,204 ✭✭✭✭✭

    @david3142 said:
    You don’t have to like (or use) NFTs in particular but obviously they would need to limit how many of each image would be available and keep track of any trades.

    Yes. This is the point. It's not about the NFT. It's about the limited edition virtual collection.

  • ZoinsZoins Posts: 34,364 ✭✭✭✭✭
    edited January 22, 2023 7:41PM

    @jmlanzaf said:

    @Zoins said:

    @messydesk said:

    @DCW said:
    I think the NFT stupidity has already had its time in the Sun.
    The whole thing is absurd.

    There is a place for it with stuff like conveying title to something real that can't be replicated. For coins, an NFT could hold fractional ownership in a trophy coin. If today a group of people own shares of such a coin, one person selling their share is likely a complicated process. With an NFT holding someone's share of a coin, it could easily be sold at auction without involving the other shareholders, barring contractual agreement between the shareholders governing how shares are to be sold.

    I wonder if NFTs will be as easy to steal as Bitcoin?

    Please see the BTC thread to better understaffed your fallacy

    Just found this article:

    More than $100m worth of NFTs stolen since July 2021, data shows

    https://www.theguardian.com/technology/2022/aug/24/nfts-stolen-non-fungible-tokens-criminals-scam-cryptocurrency

  • PedzolaPedzola Posts: 1,027 ✭✭✭✭✭

    I sometimes feel like I collect photos more than coins. I certainly interact with images of my coins more frequently than the physical collection which is locked away.

    I think the idea of "fantasy" collecting is interesting. Go find your favorite trueviews and put together a virtual set. I don't think NFT technogy is required. You can find and save pictures now from the coinfacts app.

    Maybe PCGSs can figure out how to gamify this into something engaging that people can compete like the registry.

  • emeraldATVemeraldATV Posts: 4,718 ✭✭✭✭✭

    @airplanenut said:

    @ricko said:
    NFT's are not appealing to me..... You pay money and own nothing.

    You're missing the point. You may own nothing, but no one else can own that particular nothing.

    Sorry,
    Your free trial of Collectors Universe Plus
    has expired.

  • jmlanzafjmlanzaf Posts: 35,204 ✭✭✭✭✭

    @Zoins said:

    @jmlanzaf said:

    @Zoins said:

    @messydesk said:

    @DCW said:
    I think the NFT stupidity has already had its time in the Sun.
    The whole thing is absurd.

    There is a place for it with stuff like conveying title to something real that can't be replicated. For coins, an NFT could hold fractional ownership in a trophy coin. If today a group of people own shares of such a coin, one person selling their share is likely a complicated process. With an NFT holding someone's share of a coin, it could easily be sold at auction without involving the other shareholders, barring contractual agreement between the shareholders governing how shares are to be sold.

    I wonder if NFTs will be as easy to steal as Bitcoin?

    Please see the BTC thread to better understaffed your fallacy

    Just found this article:

    More than $100m worth of NFTs stolen since July 2021, data shows

    I'm talking about BTC. It is not easy to steal it out of a private wallet.

  • jmlanzafjmlanzaf Posts: 35,204 ✭✭✭✭✭

    @Pedzola said:
    I sometimes feel like I collect photos more than coins. I certainly interact with images of my coins more frequently than the physical collection which is locked away.

    I think the idea of "fantasy" collecting is interesting. Go find your favorite trueviews and put together a virtual set. I don't think NFT technogy is required. You can find and save pictures now from the coinfacts app.

    Maybe PCGSs can figure out how to gamify this into something engaging that people can compete like the registry.

    That's really the point. NFTs are just a way to manage it. Probably not the only one. But the advantage of the limited edition NFT is that not everyone can own the same coins. If you want the 1894-S dime or 1913 Liberty Nickel in your virtual collection, then you have to pay the actual owner for the rights to its image.

  • emeraldATVemeraldATV Posts: 4,718 ✭✭✭✭✭

    Royalties ? Hmmm...?
    At least a phone call ?

  • CoinscratchCoinscratch Posts: 8,957 ✭✭✭✭✭

    @jmlanzaf said:

    @Pedzola said:
    I sometimes feel like I collect photos more than coins. I certainly interact with images of my coins more frequently than the physical collection which is locked away.

    I think the idea of "fantasy" collecting is interesting. Go find your favorite trueviews and put together a virtual set. I don't think NFT technogy is required. You can find and save pictures now from the coinfacts app.

    Maybe PCGSs can figure out how to gamify this into something engaging that people can compete like the registry.

    That's really the point. NFTs are just a way to manage it. Probably not the only one. But the advantage of the limited edition NFT is that not everyone can own the same coins. If you want the 1894-S dime or 1913 Liberty Nickel in your virtual collection, then you have to pay the actual owner for the rights to its image.

    Or how about cutting each image into a 1000 piece jigsaw puzzle and you can earn pieces by giving me some of that ,,,, your smoking...wacky :D

  • ZoinsZoins Posts: 34,364 ✭✭✭✭✭
    edited January 23, 2023 6:19AM

    @jmlanzaf said:

    @Pedzola said:
    I sometimes feel like I collect photos more than coins. I certainly interact with images of my coins more frequently than the physical collection which is locked away.

    I think the idea of "fantasy" collecting is interesting. Go find your favorite trueviews and put together a virtual set. I don't think NFT technogy is required. You can find and save pictures now from the coinfacts app.

    Maybe PCGSs can figure out how to gamify this into something engaging that people can compete like the registry.

    That's really the point. NFTs are just a way to manage it. Probably not the only one. But the advantage of the limited edition NFT is that not everyone can own the same coins. If you want the 1894-S dime or 1913 Liberty Nickel in your virtual collection, then you have to pay the actual owner for the rights to its image.

    Why not invest in the physical coin?

    I wonder if owners can do fractional ownership of their coins via something like Masterworks.

    The interesting here is that NFTs are generally associated with digital assets with no physical form, but here we’re discussing a photo of a physical object.

  • ZoinsZoins Posts: 34,364 ✭✭✭✭✭

    It could be interesting for multiple photos of a coin from multiple photographers to have NFTs, so you could say have a license for photos from PCGS, ATS, Heritage, Stack’s, BlueCC, MessyDesk, Robecs, and others. Then photos of the same coin by different photographers could trade at different values based on supply (how many fractional parts) and demand.

  • jmlanzafjmlanzaf Posts: 35,204 ✭✭✭✭✭

    @Zoins said:

    @jmlanzaf said:

    @Pedzola said:
    I sometimes feel like I collect photos more than coins. I certainly interact with images of my coins more frequently than the physical collection which is locked away.

    I think the idea of "fantasy" collecting is interesting. Go find your favorite trueviews and put together a virtual set. I don't think NFT technogy is required. You can find and save pictures now from the coinfacts app.

    Maybe PCGSs can figure out how to gamify this into something engaging that people can compete like the registry.

    That's really the point. NFTs are just a way to manage it. Probably not the only one. But the advantage of the limited edition NFT is that not everyone can own the same coins. If you want the 1894-S dime or 1913 Liberty Nickel in your virtual collection, then you have to pay the actual owner for the rights to its image.

    Why not invest in the physical coin?

    I wonder if owners can do fractional ownership of their coins via something like Masterworks.

    The interesting here is that NFTs are generally associated with digital assets with no physical form, but here we’re discussing a photo of a physical object.

    That's a whole different thing

  • coinkatcoinkat Posts: 23,429 ✭✭✭✭✭

    Sadly this has escalated beyond my pay grade... good luck with the optimal outcome

    Experience the World through Numismatics...it's more than you can imagine.

  • joeykoinsjoeykoins Posts: 16,581 ✭✭✭✭✭
    edited January 23, 2023 11:04AM

    @ErrorsOnCoins said:
    Just hire this guy to manage it ...

    Looks like the Crypto Coin founder.
    :D

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • TrazTraz Posts: 377 ✭✭✭✭

    If NFTs were on a reliable blockchain that'd be great.
    But unfortunately NFT's just point to an image.

  • telephoto1telephoto1 Posts: 4,939 ✭✭✭✭✭

    It allows PCGS to monetize their TVs.

    Hello...PCGS already monetizes TVs. You have to pay for imaging of the item.
    (Yet they retain the right to use the images any way they wish).


    RIP Mom- 1932-2012
  • CoinosaurusCoinosaurus Posts: 9,632 ✭✭✭✭✭

    I think what the OP describes is entirely possible. Question is whether the revenues would exceed the software development cost, which would not be trivial. You would have to build a platform that would allow users to trade them. TVs have gained a certain amout of mindshare and the branding has value. Why not try to moneitize it via NFTs?

  • SIowhandSIowhand Posts: 348 ✭✭✭✭✭

    In 1984, I was in a meeting at a company I worked for. They were developing an idea that we all now know as cloud services.

    I spoke right up in that meeting and matter of factly said they were barking up the wrong tree. Dumb idea. I said, no sane company would ever allow their data and compute services to be farmed out to a third party. I left that company shortly after.

    That cost me a multiple of millions of dollars. I'd be living on my own private island by now.

    I stopped pre-judging things I don't truly understand.

  • JimnightJimnight Posts: 10,846 ✭✭✭✭✭

    What the heck is NFTs ?

  • OnastoneOnastone Posts: 4,027 ✭✭✭✭✭

    Great idea and we could store them in the Fog....I mean the Cloud.

  • Mr_SpudMr_Spud Posts: 5,841 ✭✭✭✭✭
    edited January 23, 2023 4:21PM

    Might as well treat the actual image like a baseball card and slab and grade your official copy of the image while you are at it. Have an authentication chip inside the coin card and all of that.
    Without the chip you can’t load it into your digital album.

    Mr_Spud

  • jmlanzafjmlanzaf Posts: 35,204 ✭✭✭✭✭

    @telephoto1 said:
    It allows PCGS to monetize their TVs.

    Hello...PCGS already monetizes TVs. You have to pay for imaging of the item.
    (Yet they retain the right to use the images any way they wish).

    "Further monetize", if you prefer. [Sheesh, people think I pick nits.]

  • jmlanzafjmlanzaf Posts: 35,204 ✭✭✭✭✭

    @Jimnight said:
    What the heck is NFTs ?

    Non-fungible token

  • jmlanzafjmlanzaf Posts: 35,204 ✭✭✭✭✭

    @SIowhand said:
    In 1984, I was in a meeting at a company I worked for. They were developing an idea that we all now know as cloud services.

    I spoke right up in that meeting and matter of factly said they were barking up the wrong tree. Dumb idea. I said, no sane company would ever allow their data and compute services to be farmed out to a third party. I left that company shortly after.

    That cost me a multiple of millions of dollars. I'd be living on my own private island by now.

    I stopped pre-judging things I don't truly understand.

    Interesting story.

    Private islands are probably over-rated.

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