Topic: Which do you prefer? Physical or digital collectibles? (Read 426 times)

You left out the part of my quote where I talk about digital collectibles being cool if they have a use. Looking at a picture isn’t a use to me. It seems like you are likely unaware that digital collectibles can serve purposes. Using my own offerings as an example, a digital collectible like a NastyFans seat would enable you to collect BTC distributions or vote on club polls. That is a digital collectible with a use. I also offer them in physical form, which makes their ROI lower but some people want physical over digital and pay extra for that. They both have their advantages. However, having a picture of a physical NastyFans seat is worthless.

Maybe. If the content of a digital collectible is preserved forever, nothing can go wrong. You can pass on those collectibles to future generations by making a backup of the keys or seeds linked to your wallet. One of the main benefits of digital collectibles is portability. You can carry hundreds, or even thousands of digital collectibles without taking too much physical space. They can be stored on a tiny piece of paper or even a microSD card. All you need is the key or seed linked to the wallet holding the collectibles.

I still prefer physical collectibles because of their tangibility. You can touch or see them anytime, even when there's no electricity or Internet access at all. Both types of collectibles have their own advantages/disadvantages, so ultimately you decide which ones to keep for your own convenience. I'd be surprised if NFTs are still a thing decades from now.



That's awesome. But storing data on the main BTC blockchain itself would bring congestion issues in the long run. Some say Bitcoin Stamps are even worse than Ordinals inscriptions as they take a lot more space on the Blockchain. I really hope they don't become popular, or BTC will become super expensive for daily payments. I'm afraid the NFT craze is only starting, so hold on tight as this is going to be a wild ride.

    What is better than to have a Digital Currency have a sibling underneath the hologram in the form of an NFT Image?

    Both Digitals...onchains and in a physical capsule to keep each other company! 

Definitely physical!  I jist never got into nfts maybe it's just jealousy 😂

No seriously for being able to display something in real life is what always got me into any collectable.  The shinier the better!  I know a lot is leaning more into digital but maybe I'm just too old for those new tricks.

  I agree....lots of NFT's on chains that the images are not on and they can easily be changed or removed.

  But that's why I like Ordinals...as the images for those NFTs are embedded into the Bitcoin Blockchain forever!

  That to me is the way a real NFT should be...once uploaded it will stay there forever and can never be manipulated in any way

   

Take a picture of it, now it's like an NFT you can look at.

I used to hate the idea of digital collectibles but I like them now so long as they serve a purpose. That purpose could be like a ticket stub, showing you were present for an event, or an active ticket to be able to access online games or services…

The problem with physical collectibles is that you have to store them somewhere. If they are expensive you’ll probably even store them somewhere you never get to see them.

So I think digital collectibles have the potential to be more fun and useful.

Grading companies could join the NFT hype by issuing a digital version of your graded collectible. You'd have both the physical graded coin slab, as well as, an NFT version of it. But I doubt they will do this, especially when most NFTs are a gamble these days. With data stored on centralized servers, you can easily lose your precious NFTs in an instant. It's not like a physical collectible that you can preserve for years with proper care. People have even gone as far as making NFTs linked to tweets made by someone on Twitter, when all of that data could easily fade away into oblivion.

It's a wild and crazy world out there, so I'd expect the NFT hype to last for quite some time. At least, we know physical collectibles won't be going anywhere soon. Who knows if they'll outlive NFTs in the long run?  

I've spent time in both worlds and Physical Art and Collectables will always be better to own and enjoy IMO.

With that said, some of the BTC/XCP NFT's are worthy and definitely collectable. NFT's did start on BTC so there's a place on the shelf and in the story.
I've made many XCP based tokens and works myself as, once "minted" using XCP, all actions take place on the BTC chain, very cool.
As for Ordinals and Stamps. They were inevitable and, if anything nothing new in many ways. Personally I am not a collector of either but I'm not going to tell people how to use an Open Protocol, thats not how this all works.

But as many have noted, the wider NFT scene, esp on other chains, is an utter shit show. But, if trading is your game and you know how to play it, it can be quite lucrative. But that's not a Collectors mindset now is it?  

It's good to experiment and learn about these things and the various technolgies in and behind them. Information is power.

Viz

This is such an awful word though "phygital"

You, sir, are in possession of the best and coolest name ever (I may be biased)

PhysiBits


Viz

I have one NFT . . . from krogothmanhattan! but its with a physical!

I havent looked into the "ordinals" "craze" but what k says above it kind of sounds cool,
to me the kicker is " ... on the Bitcoin Blockchain" this would obviously cut out all
the messy business with NFT's

For me though Physical trumps digital maybe its predominantly older generation thing,
Would younger generations prefer digital collectibles I wonder?

I prefer phygital....  like the CryptoKaijus!
They come in physical and digital form

https://cryptokaiju.io/

NFTs may not become a trend in the future, as non-artists can also create an unlimited amount of unique digital art with the help of AI. So I will still choose the physical collectible, and I think it is also more artistic when placed in a private gallery at home with perfect placement and spatial arrangement.
And actually there are many advantages of physical collectibles more than what I mentioned.

I prefer physical collections over digital and I don't like NFT at the moment because they don't have an investment function yet or even if there is one, I don't want to try it yet.

But I like it specifically for Bitcoin even though it is a digital product because Bitcoin is different from other digital products. Bitcoin can be a real investment for all of us, especially if we own a lot of Bitcoin and store it for sale at a peak price.

But if NFT has developed later and many start using NFT as an investment, maybe I'll just start saving some NFT. For now, NFT prices are also unrealistic

The community around physicals is much more robust and organic then the current NFT community.

Physicals have had nearly a decade to prove themselves and the majority of physicals are built off the extremely robust and proven bitcoin blockchain.

NFTs are not rooted in any sort of foundation and are instead rooted in hysteria and moon-boy mentality and antics.

The good physicals will endure for decades, I can't say the same for NFTs or the people behind them.

Physicals pose massive upside potential due to the fact they are still relatively unknown as well as them being somewhat inaccessible to purchase.  

What Mopar said!

Physical 100%.
For me NTF to physical collectible is similar to having a digital chat vs meeting in person. It just has more dimensions / layers added to the esperience that cannot be replicated in the digital world.

That said, *some* digital art I would fully appreciate as "real" art. One of my favourites is a combination of physical and digital, there is an art expo called Ars Electronica which was very early in trying to combine these two worlds.
They are still around, could still be worth checking out: https://ars.electronica.art/news/en/

I am not generally opposed to NFTs but not a fan of mass produced-for-max-profit randomly-generated-bs. Like with almost anything, there are impressive exceptions, though..

a physical object is the most interesting in this sector.
like an object that "broke through the screen" and crossed an inter-dimensional wall to get to us  
beyond the poetic aspect (yes I have a license for this), giving a physical form to an object that is "virtualW is the most interesting thing there is. Like something that could be shaped on fantasy and become true.

I find everything realized in the first 5-10 years of bitcoin's existence "interesting".
nowaday there are a lot of collectibles produced yearly (both digital and physical). meanwhile those from the early years are really interesting and certainly with a very limited edition.

I have +3000 NFTs and close to 500 physical crypto collectibles. Until recently the physicals was above all. I saw it as more serious and "secure" then NFTs where many teams is to weak to survive particularly long. But lately physicals got hit and some of my idols proved not to be long-term sustainable. So know I don't fully know.

I have most fun with NFTs. I am probably still most proud when I show of my physicals or watch them alone.

My introduction to bitcoin collectibles was loaded physical coins with their digital currency equivalent, and historical ephemera -- but now any physical that has a digital/NFT counterpart makes it collectible to me, whether an NFT of magazine cover on ETH or XCP, a pair of PepeFlyers with their utility/COA+ NFT, or a krogoth original coin with a Polygon NFT It's coming for us all and (I believe) in the very near future we won't even think of purchasing a high-end luxury good (a watch or a classic car, for instance) if it doesn't have a 1:1 digital/NFT component (on BTC blockchain, ofc!)