One person doing that in the stamp world is The Digital Philatelist. So let’s see where he keeps making such a fool of himself.
He’s been up to this for a while now, pushing NFTs and crypto-stamps, I think because he’s sunk so much time and money into it that he can’t dare admit that he was wrong all along. The sunk cost fallacy is a mind killer and I think it’s claimed another victim.
How sad.
He’s been out there singing the praises of NFTs and crypto-stamps for a long time now, but he seems to be the only one taking any of it seriously, at least among philatelists. You can go through the comments on Conversations with Philatelists, episode 85, where he’s the only one pushing NFTs. Absolutely nobody agrees with him. Not then and not now, nearly 6 months later.
It’s not just the old farts that are telling him to pound sand, it’s everyone. People his age are no more impressed than people who have been collecting stamps for decades. It’s just sad to watch him spin his wheels and get absolutely no traction. Yet he persists.
Over on Stampboards.com, which is an Australian-based stamp community, he’s most active, which is understandable because he’s from Australia. Now I wouldn’t say if he could hold his own but he can’t. Most people over there are just pointing and laughing and burying him under facts that he simply can’t do anything about but scream “nuh-uh!” and “you just don’t understand!” No, I think it’s you that don’t understand, Gavin. You’re the one making a fool of yourself.
The reality is, the bottom has fallen out of the whole NFT marketplace. Even crypt0-currency has fallen dramatically in value as people are realizing that it’s not actually worth anything. Most places that were selling NFTs are cutting bait because nobody is buying anymore.
What’s his response? “Nuh-uh!” All he can do is stick his fingers in his ears and scream loudly. This is what happens when you follow apologists and can’t think intelligently for yourself.
You turn into a complete idiot online.
He’s clutching at straws because he can’t admit that he was wrong. NFTs exist to take advantage of the young and gullible, which seems to describe him quite well. He doesn’t have a rational leg to stand on, but far too many people these days don’t. Even Elon Musk/Tesla has seen the writing on the wall and has cashed out a billion dollars in BitCoin for something real. Even China has eliminated crypt0-currency and the current word on the street is that BitCoin might reach zero value. Yes, zero. Not worth a thing, not that it ever was.
Not that this will change the minds of the fanatics who will ride this train into the ground. They don’t care. They have more money than sense, but the second they’re left penniless, they’ll whine and cry and scream how unfair it all is because they got taken.
It’s not like we didn’t warn you. You just didn’t listen.
My point here isn’t to make fun of these people, or, in particular, Gavin, but there comes a point in time when you have to stop shilling. You were wrong. You lost. Time to admit your failures and eat crow.
Now I’m not saying that people can’t collect whatever they want. Collect your own toenail clippings if you really want to. It’s just not stamp collecting because these things aren’t stamps. In the stamp realm, NFTs are just pictures of stamps with zero actual existence. I even made the point, showing the definition of a postage stamp and sorry, NFTs, no matter what they depict, don’t qualify. Someone else asked for pictures of non-philatelic covers with NFTs on them. Of course, such things don’t exist because NFTs themselves are useless. They might be linked to a real stamp but they are not, in and of themselves, postally valid. Philately is, “the collection and study of postage stamps” and as such, NFTs are not a part of philately or stamp collecting. You can still engage, if you’re an idiot, but that doesn’t make you a philatelist, any more than printing pictures of stamps on your home printer makes you one. That’s not how these things work. Deal with it.
