Back to episode — Episode 1306 Scott Adams - Stimulus Package Shenanigans, Voting Changes, Super Anti-Racists
Context —
ne if the politicians could operate free of criticism except when they made a mistake. Imagine it. Like what options would open up? Yeah, yeah. The press has become I would say if you could fix one thing, fixing the press would fix the most other things. Because the press is keeping the people from understanding what's happening and therefore the people get out of the decision making except to cau…
← Previous segment →ould help me make a decision. You wouldn't hire that person. You would hire somebody who knows how to make a decision when the decision needs to be made. And if somebody doesn't say test it first they don't know how to make decisions.
All right. Yeah somebody in the comments is saying the election system does work the way it was designed. That's true. It does work the way it was designed and it was not designed to serve the public. It was designed to serve the people who buy the machines and that's all you need to know.
All right that's all for now. And I'm gonna go work on a Dilbert NFT. I've already created it but I'm just working on the numbers to make and the pricing and stuff like that. So I will let you know as soon as there's a Dilbert NFT available. That's a digital collectible. If you wonder why would anybody collect a digital thing since you can just reproduce it, and the answer is I don't know. I have no idea why anybody would collect a digital thing. But the blockchain allows you to know that you have the only original or one of a numbered original.
And yesterday I think it was yesterday Jack Dorsey took the first ever tweet and turned it into an NFT. And I think the bidding was over ninety thousand dollars. So somebody was willing to pay ninety thousand dollars. It might be a lot more by now. Ninety thousand dollars for a little text. I imagine it's just a screen grab of the first tweet. Somebody's gonna pay ninety thousand dollars for a screen grab only because it's certified as Jack Dorsey's created NFT.
And here's the weird part. I wanted to buy it. I wanted to buy it. Like I was actually close last night to doing some research to figure out which site it's on and making an offer. And I thought I would pay a hundred thousand dollars for that. And you know why I would pay a hundred thousand dollars for a piece of text that Jack Dorsey certified as the first ever tweet? Because somebody will pay more. Do you need a better reason? Do you think that if I paid a hundred thousand dollars for the first ever tweet that it wouldn't be worth more than a hundred thousand dollars and fairly soon? The only thing that would stop it is if the entire NFT market collapses which could easily happen, right?
Somebody says whoa my god it's over 2 million. Somebody said I'm assuming that's real because more than one person in the comments says it's over 2 million. I was thinking of pricing the Dilbert NFT at a million but then there wouldn't be enough people buying it. So I'm gonna figure out do I want more people to own them because that's more fun and then they can bid up the prices they like or just start out with a ridiculous price and if nobody buys it that's fine and if somebody does well that's cool too. Oh it was up to 2.5 million yesterday.
The Dilbert NFT does have a curse word in it but let me tell you what I'm gonna do. All right I made one special comic that doesn't won't appear anywhere else and there are two versions. One of them has the F word in it. It would be the only time that a Dilbert comic had that. And the other is the same comic with the F word taken out. So people will have a choice of the F-word version or non. They'll both be NFTs, separate, and we'll see which one gets the highest value. So basically you'll be able to vote with your money to say which one's more collectible and it just gives it a little more interest.
Now to make something collectible there needs to be something special about it. And what's special about it? You couldn't see it anywhere else. There will never be another swear word in a Dilbert comic I think. And you got a choice of two different ones. So we'll see. And of course Dilbert is the ultimate native digital property so if there were going to be digital art there — well let me make a claim. I'm going to make a claim right now. Fact-check me on this. Dilbert is the most reproduced digital art.
There will be an update on the Wen tokens. I'm going to wait for that but there's something happening that'll I should know in a week or so about that. I get an update today so there will be another app that uses the Wen but I'm waiting to get the green light on that.
Did I ever talk about the tulip craze? Well I have a degree in economics so of course I know about the tulip craze. And I would say that the tulip craze is a little different because you can't collect a tulip. I would say that the NFT market would be more comparable to the fine art market in the real world. Meaning that people buy classic art and it goes up in value. Could art in the real world like actual physical paintings, could that market someday collapse and nobody wants to buy one because you could just take a picture of the Mona Lisa? It could but hasn't happened yet. So people like to collect stuff. I don't know why. And like I said if I had I would have been a hundred thousand dollars for the first tweet just because I knew as you saw it's already been up to 2.5 million. There wasn't really any question on that one. That was sort of an easy one. You knew that was gonna keep going up.
All right fine art is forever as is a digital collectible we think. All right that's all and I will talk to you tomorrow.
All right. YouTubers like stamp collecting. Yeah or coin collecting or all that exactly. Can the buyer reproduce it without — yeah so here's the thing. Anybody can reproduce it but the copy would not be certified because the blockchain would know the difference between a mere copy and an original. So the fact that you can make a photocopy of it, you can also make a copy of the Mona Lisa. You can just take a picture of it but owning a picture of the Mona Lisa nobody's going to buy it from you. Can you make money on it? The only way people make money on it is by owning it and it goes up in value and then reselling it.
When can you expect it to go on sale? I'm in the final research phase of how to price it and how many to make and which site to put it on. Couldn't be in a week but I might run into some obstacles so I don't know. But yeah as soon as a week. The people who follow me on the Locals platform will probably get the first warning. I'll probably give them first dibs because they subscribe.
Do you retain copyright? Interesting question. Interesting questio
Context —
n. I think the copyright is irrelevant now. Here's the first thing you need to know about copyrights. You don't have to apply for a copyright. You have the copyright upon creation of art. So if you take your little pen and piece of paper — here's a copyright lesson for you — you take a piece of paper and a pen and you say here's my art. Here I made some art. It's copyrighted. It's copyrighted. It'…
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