Charlie Harper
Footballguy
Is it boner time again? Up another $20 premarket...
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Stock Thread (11 Viewers)
- Thread starter St. Louis Bob
- Start date
JB Breakfast Club
Footballguy
It's a lovely day for a squeeze, don't you think?
David Dodds
Administrator
McBokonon
Footballguy
In order for digital games to be resold, there’s going to need to be some favorable court decisions. Right now, the developers and gaming companies prevent it from happening, but there’s been mixed results in related court cases so far. Right now, the reality of today is digital creators can prevent resale.
JAA
Footballguy
I fundamentally disagree.
If I resell my Topps baseball card, Topps should receive a cut?
If I resell the painting by David Dodds which I purchased, should he (you) get a cut?
JAA
Footballguy
I believe this is different. For digital content, like Amazon videos, Steam games, etc - you dont own the content. You are paying for the right to use content. I believe this is completely different.
If your purchase a license key, that is absolutely transferrable.
McBokonon
Footballguy
This is why you shouldn’t take these reddit theories on what Cohen is going to do at face value. They never seem to look into the reality of making their fantasies happen. Like most conspiracy theories, they break down when you try to actually operationalize them.
This is different than just playing the price action, which I hope is what everyone is ultimately only doing with this. There’s definitely validity in riding this wave outside of the conspiracy stuff.
Pipes
Footballguy
McBokonon
Footballguy
Well, since Xbox and PS4 only allow you to enter the code once, what’s your play? They sell the game with their conditions. Unless that changes, this is wishful thinking. Again, why would any game creator or Microsoft/Sony not just create their own NFTs if they decided to allow for resales? I don’t seem them allowing resales, but there is no special technology or secret sauce that would keep them from just expanding their online stores that you can get to within the console.
Whether or not you think it’s not compelling doesn’t negate that that’s how it is and that there is zero moat anyone has outside of the consoles/game creators.
Did you buy MUDS? One of the key things people in here liked was that they would continue to get royalties as people traded the “cards” to others.
David Dodds
Administrator
that sweet smell of margin calls in the morning. To the moon we go
It is, that’s why it still shows as negative on the day. Jeebus, that hit a high of 50+ last March and is basically at just under 4 now. 1 for 10 reverse split and it’s still well under the yearly high. @kevzilla You still in this thing?
David Dodds
Administrator
Let's see how the next few weeks shake out for crypto. I still think we will see them falter again soon as the margin calls start coming in.
Desert_Power
Footballguy
Not to mention that Overstock never actually did this because the brokers said they would take cash equivalents instead of the crypto dividend. This seems like attempt to combine two conspiracy minded sets of investors into the same mania. Check out Overstock's chart for last August.
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Yep, stuff we’re talking about it the actual business side of things. Short term swings in these stocks have 0 to do with that, which is a bit scary.
BassNBrew
Footballguy
Woo-hoo....I knew this thing would score big. Now that's a rocket shot.
On another note...has anyone seen my missing UVXY shares? I think Fidelity lost them.
McBokonon
Footballguy
JAA
Footballguy
I dont believe it makes sense from a customer standpoint. Either I own something, or I dont. If Im renting something, I do not own it.
Yep, I’d assume anything security wise gets a bit of a bump. Makes sense after the pipeline hack.
JAA
Footballguy
Funny
I believe Im discussing how things do work, you are discussing on how you think things should work.
McBokonon
Footballguy
Funny
I believe Im discussing how things do work, you are discussing on how you think things should work.
I don’t even know how to reply. There’s literally been court cases litigating what we’re talking about. You own a game license which, when you bought it, you agreed was non-transferrable. That’s currently legal. Re-sellers need to convince courts that shouldn’t be legal. There’s no gray area here. SHOULD game licenses be transferable? Sure, maybe. But right now that’s not the case. It just isn’t.
Desert_Power
Footballguy
Not only do they sell games with their conditions, they are mostly moving to selling games as a service....across multiple platforms. Difficult to imagine they could compete with something like Steam on cost or Microsoft/Sony on content without essentially acquiring some 3rd party developer with a few AAA games.
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JAA
Footballguy
Why? Thats how it works today and I believe it is how it should continue to work. If you buy something you agree is not-transferrable, why should the courts change that?
McBokonon
Footballguy
And just wait until better versions of Stadia happen and it’s all streamed, anyway. 5G will lead to this.
Chaz McNulty
Footballguy
https://www.youtube.com/watch?v=qQGgaI-BcI4
McBokonon
Footballguy
I don’t care about “should.” Resellers have tried to make it so the non-transferable condition itself is not allowed, with some mixed success.
The original post that started this was Dodds stating, as fact, that Gamestop would soon be reselling previously owned digital games. We’re just saying there’s going to need to be major changes for that to happen. If you’re just thinking they’ll sell new games, sure, they can do that if the developers think that’ll help them.
Not to be rude, but just because you don’t believe it makes sense doesn’t mean that it hasn’t already happened and is in place and not likely to change.
Honestly, in terms of the downloaded games, the legalese may be something like a forever rental on one PS4/5 or one instance kind of like you can have X number of active streams with Netflix. You own one instance of the game under one account and you can move it if you upgrade the console under the same account. Basically, you do own it but it’s a limited use license.
There’s been a zillion non-transferable things purchased. Consider it a warranty for the original owner and you can’t sell it to the next guy or girl.
JAA
Footballguy
In my opinion you are getting caught up in "digital". People have been reselling license codes (not actual hard copies of software) for decades. Regarding re-sellers, ill say it again ... you cant re-sell something you dont own.
Integrating NFT/blockchain isnt a silver bullet here. NFT doesnt solve DRM and if you believe it does, then I dont think you understand the underlying technologies.
Im happy to bow out of this conversation. We seem to be talking past each other.
kevzilla
Footballguy
Heavens, no. Currently setting money on fire in cannabis, and hydrogen, and solid-state batteries.
JAA
Footballguy
Sure. Hence why I stated it as my opinion and not fact. See what I did there?
For your concept in the second paragraph, please explain to me the difference in that point to Steam. IMHO they are the same thing which already means its solved. FWIW - I could sell my steam account as I do own the rights to log into it.
landrys hat
Footballguy
Bob Sacamano
Footballguy
Depends on what you mean by nice growth potential and what kind of timeline you're looking for. Will 20-ish% in the next 1-2 years work? If you're looking for more/faster, don't bother to read this. If that works...
WPC is rock solid, it's still yielding over 5.5%, it's up 10% from where I bought in, and it has another 17% to go just to get back to pre-COVID prices. I think there's still upside from there as we reopen, rates remain low, and new businesses start to replace those lost during the pandemic. And I'm willing to collect 5.5% as long as I have to in order to find out.
They'll reach dividend aristocrat status pretty soon ('22, I believe. If not, '23), and that will add them to the radars of some additional people/institutions/funds when it happens. That status is a magnet for income investors, and some companies lost it with dividend cuts over the last year+.
Here is a nice comparison between how they performed during COVID vs what is considered a similar REIT. I have to think that's a decent representation of how they perform in the absolute worst conditions. Hopefully we don't have to test it again anytime soon.
ConstruxBoy
Kate's Daddy
"No Mr. Bond, I expect you to lose money in the long run investing in my stock. :EvilVillainLaugh:"
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Well, first Steam is for PC Games, right? Kind of like a PC console so how does Steam help you with XBox and PlayStation? That’s a big difference. Does GameStop sell games for PCs? Second, if you are talking about selling your account then you aren’t the target account, what you are talking about is borderline piracy in that no one like my sons is going to buy an account for each game.
