Crypto Stamps and NFTs?
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- Опубликовано: 4 окт 2024
- What is a Crypto Stamp? Or a stamp NFT? In this episode I explore the blockchain world of crypto collectables and figure out if this is part of #philately or just a lot of hype.
#NFT #Crypto
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Links:
The world of NFTs:
• NFTs, Explained
• NFTs Are Fueling a Boo...
Funny: • NFTs - SNL
The Digital Philatelist
Crypto stamps: thedigitalphil...
NFTs: thedigitalphil...
thedigitalphil...
Blockchains Explained:
• How does a blockchain ...
Dorsey's First Tweet Sale:
www.cnbc.com/2...
Climate Change and NFTs:
www.wired.com/...
NFT regulation:
www.nasdaq.com...
Cat Gif that sold for over 500K:
news.artnet.co...
Ethereum:
ethereum.org/en/
Austria Crypto Stamps
crypto.post.at/
VeVe:
www.veve.me/
Other Crypto Stamps:
Croatia: www.posta.hr/e...
Swiss: www.post.ch/en...
Dubai: www.dubai92.co...
Day of the Dead NFT stamps sold in 1 second:
www.linns.com/...
NFT stamps on Open Sea:
opensea.io/ass...
Other NFTs to purchase as shown in video:
Stamps Factory: www.stampsfact...
NFT Stamps Collection: nftstamps.info/
Twitter Stamps Gif
/ stamps_nft
Iceland Text Message Stamps:
posturinn.is/e...
History of Philately:
• The History & Future o...
Gary Loew on Twitter
/ garyloew
Tulip Mania Wiki:
en.wikipedia.o....
Showpiece 1 cent magenta
showpiece.com/...
Iceland Text stamp:
posturinn.is/e...
USPS certifies blockchain stamps:
www.prnewswire...
*Non Flowering Tulip*
😆 🤣 😂
Brilliant!
I laughed when I saw Gary's comment, its perfect!
Yay! Pet rocks all over again!
Believe it or not… there are pet rock NFTs 🤦🏼♂️
Not only an excellent evaluation of the intersection between NFTs and philately, but also just one of the easiest-to-understand explanations of the blockchain that I’ve ever seen. Well done Graham! You can keep your little piece of pretty computer code designed to trick your eyes into perceiving a stamp though 😝
Thanks Punk! Are you sure you don't want to buy my 'Day of the Dead' NFT? You can store it in your digital vault, AND you might become rich one day because of it 😅...
@@ExploringStamps That vault is too full of SG shares LOL
Maybe our kids or grandkids will be NFT philatelists. And that would be their philately. Philately of the future
Who knows?! You might be right Elvira. Thanks for watching 😊
Fascinating!
Thanks Karen 😊
Great video...thanks. Just thinking if the electricity grid goes down anything Crypto isn't worth anything at all 😄
Can you imagine?! Thank goodness my stamp albums don't require electricity 😅. Thanks for watching Johnny.
The joy of actually owning a physical item is why vinyl records are still so popular
19:08
Agreed. Physical philately is unrivaled.
🙌 🍻
19:30
Beautiful summation of why the enthusiasm for physical philately by many ............NOT sappy at all.
😊😊😊
I'm a philatelist and history buff who also happens to work full-time in the blockchain technology industry as a copywriter. As a passionate believer in blockchain and a lover of art and history, the connection between stamp-collecting and NFTs was a no-brainer for me. However, I never expected to see these two worlds collide with one of the best explanations of blockchain tech I've ever heard. I appreciate you taking the time to do research and explain this to your audience. Thank you for having an open mind and exploring an industry that is often misunderstood. I've always loved your channel but now I'm a subscriber for life
P.S. Ethereum became proof-of-stake in 2022, meaning it now consumes 99% less energy than it did previously when it was proof of work.
Also, even though the markets are down right now, layer 2 scaling solutions like Polygon and Optimism are thriving on Ethereum. They make transactions cheaper and faster. I could see them playing a huge role in the future of philately or any other type of collecting. Imagine if you had a digital catalog of your stamp collection that was fraud-proof and connected to your digital identity. When you buy or sell a stamp in your collection, the digital version - an NFT or digital collectible - is automatically transferred to the new owner's catalog.
This is already in use in Reddit avatars and many fashion designers to track and prove authenticity. Even Starbucks is using Polygon for its new reward program.
Very, very interesting, learned a lot. Thank you!
Sappy though it may be, your speech about the value of philately articulated nicely my personal opposition to NFTs, both within philately and in general. Ignoring the negative environmental consequences (which do concern me greatly), these are speculative assets whose only real purpose is to inflate their value with no other avenue of study available. As with all speculative asset bubbles once they run out of new marks to take advantage of, a handful of lucky early adopters will make bank while most will be left losing their shirts.
I particularly feel for the visual artists who have been sold on this idea as a means to make a living, as they stand to lose the most of all. In addition, I've already seen far too many artists have their work minted as NFTs against their will with no recourse available to them.
That being said, I don't necessarily blame postal services for jumping on a trend to make a quick buck. If nothing else, the physical stamps will serve as an interesting record of this time in the years to come.
I think that is a key thing that needs to be stressed. There is a lot of money to be lost here, while we hear of the artists and NFT sellers becoming millionaires overnight, there are many more that will be 'losing their shirts' as you mentioned. Thank you for watching!
Illuminating video, I agree with your sentiments.
I don't mind digital collectibles as long as there's a physical item linked to it, like with the Austrian stamp you purchased. But do you think that QR code (and the vault) will still work in 50, 100, 150 years' time? I know a penny black will still 'work' and change hands long after I die.
It’s a very good point, things change quickly in the online, software, and hardware space. Very likely that things will change even more in the next few years. Thanks for watching ☺️
I just love physical stamps especially from the old days. Very interesting digital stamps collecting information, Graham! Thank you so much for sharing!
My pleasure! Glad you found the episode interesting!
I still don’t get it Graham. But I’m always up for possibly winning a $700 Red Rhino. 😄
Oh good, I don't get it either 😂... Thanks Ted, Good luck for the Giveaway.
Thanks for this. I am always glad to learn something new particularly things I don't quite understand yet. Your stuff is excellent.
Thank you Scott, this taught me a lot, glad you enjoyed it 😊
Perhaps I am a bit old fashion in that I want to collect something that is tangible, that I can hold and admire; something that has a unique beauty like art. Your black and white videos may be a bit sappy, but they remind us of why philately is so appealing. I want to appreciate a stamp's artistic beauty, it's history, or the stories behind the way it traveled on it's journey from sender to recipient. I made my living in IT and appreciate all the advances the digital world has brought to our lives, including this hobby; but, there is nothing about NFTs or digital postage that will stir the same romanticism associated with the beautiful art of a tangible stamp and all of the stories that make it's history. Thank you Graham for delving into this new world of NFTs and the way you explained how it works and where this new technology is headed. More importantly, thank you for reminding us of why we all fell in love with philately and why those elements are the real reason this hobby is so meaningful and popular.
Thank you Gary 😊. I think we are all a bit old fashioned here, I can't see myself enjoying the digital over the physical. Thanks for watching!!
Wow this was super interesting. I have heard about NFTs and crypto but had absolutely no idea what it all meant and entailed. I loved that “sappy” love letter to philately that you included, I’m not going to lie it actually moved me. I would consider purchasing an NFT stamp but only if it was about a topic I collect and only if I can add a matching physical stamp to my collection. If I don’t get a physical something that I can store in my stock book I feel like I would forget about it.
😊😊 Thank you Sarah. Glad you like the sappy love letter, I guess I'm a philatelic romantic. I like your strategy, consider purchasing a crypto ONLY if it has a physical twin and meets a requirement for your collection. Thanks for watching!!
Got a big Q for you guys, do you collect stamps mainly for the big ROI on investment or just because you like stamps?
@@ExploringStamps Got a big Q for you guys, do you collect stamps mainly for the big ROI on investment or just because you like stamps?
@@Who-cu9eu I personally collect stamps because (1) I like them both generally and the specific ones I purchase (2) because I like learning about them and often want to own ones that I think are special and cool and (3) because I tell myself they might one day be worth something. I don’t expect that my collection will bring in a big ROI because I don’t have the know how to find and buy those types of stamps and I don’t base my purchasing off of potential ROI. I find it super interesting to learn and hear about people who do though.
I collect rhinos of all sorts, and to know that you love collecting rhino stamps makes me so happy! I have a grand total of one rhino stamp lol. I just got into philately a little bit, especially knowing that there are rhino stamps.
Wow another Rhino Collector!! Hi 👋. Lots of rhino stamps to look out for, check out my video about rhino stamps! Thanks for watching.
Wow, the video helped me a lot in understanding. Yes it is next level in our traditional stamp collecting topic..
Glad it was helpful! Thanks for watching Dev 😊
Everything I knew about NFTs came from SNL's music video, now I know a lot more 😂 (still dont like the idea of it)
ERICA!! Where have you been? I owe you a lunch from your accurate guess of the Magenta sale price 😅
For me, the NFT stamps are merely air waybill with beautiful images on them. Most people collect NFT stamps as an opportunistic investment, instead of appreciating philately and its intrinsic values as stamps.
Exactly! I am in total agreement with you, most people are collecting them because of the craze.
I think collecting should always be fun and people should only buy stuff they want for the pleasure of having it. Speculation has spoiled other hobbies such as comic collecting and collectible cards. People are “slabbing” comics. Putting them in plastic blocks thar guarantee the condition. You can’t read the comic. Similarly, people pay lots of money for unopened toys. Toys are for playing with and displaying. Comics are for reading and appreciating the art. Stamps are for the joy of looking at them and learning about their history and the themes they depict. As long as collectors buy stuff that gives them pleasure they can’t lose- whether that is physical objects of digital. People who just want an investment should invest in the stock market and leave collectibles for people who will treasure them.
I collect both; the nft stamps ( only original, like the USPS stamps) and the original ones.
Very informative! I agree that there is something much more satisfying collecting a physical object that has unique postal history versus a digital transaction log.
Absolutely! I struggle to see the excitement in having a blockchain record a transaction. Give me a stamp!!
Yes, super interesting. Keep us posted (NPI)
Thanks Joe, glad you found it interesting 🙂
Very informative, Not really into NFT"s myself but was interesting. Loved the "sappy" comment towards the end. I have to say that I used to be really heavy into japanese and occupation stamps and had them put away for quite awhile but your channel has got me back into this big time. Love stamps!!!! I hope alot of the younger generation starts getting into this as well. It really is such a broad hobby that you can do. Thanks to you for the great videos, I know that you put alot of time into. Just be assured that theres alot of people that appreciate you and what you do. Keep up the great work. Lee
Thank you so much 😊. Glad to see that you are enjoying the channel, and that you love the hobby once again.
Thank you very much for approaching this issue in such a thoughtful and balanced manner. I still can’t bring myself to think of NFTs as a philatelist’s object of interest. But the postal systems and interested people show there’s a reality in it. It was a good explainer!
Thank you for this informative video!!! And thank you for sharing what you think and feel about real stamps... It's the same that I feel!!! It's much more than a little square of paper!!! I will always prefer to have my stamps in the end of my tweezers!!! Manipulate them, feel them and "listen to their stories....
Thank you Ricardo, totally agree 😃
The history at 19:35 #themusic 😭 My 30 yr collector ❤️ felt it. 😊
❤️❤️❤️😊
interesting nft! great video.. 👍👍👍
Nice to see Graham breaking new ground... Philately to survive must also change and evolve... 👍🙏🏼
😊👍
Oh.... Last few minutes where very emotional for a stamp collector 😢 specially when you mention and shown flag of bangladesh. Thank you very much....
😊 you are very welcome, Thank you for watching Tofail.
This is totally a new thing for me. Let’s wait for the future. Thank you for the informative episode Graham.
It's the story and history of the physical stamp, the reason why those were issued, the joy of seeing the stamp "in the flesh" without any need of an application or a wallet. NFTs are here, just in the other side of the spectrum, a different hobby altogether in my opinion. But postage stamps transitioning into NFTs in a way can help in the preservation of such items. Exciting times ahead!
Scanning a letter to collect digital stamps would be more eco friendly
This was very helpful. Thank you! While people, especially ones involved in an old hobby, can be resistant to change, I love seeing what possibilities are out there. We cannot grow our hobby if we do not grow as a hobby.
Glad it was helpful! I learned a lot about the NFT space thanks to stamps, a collision of old and new worlds. Thanks so much for watching!
This video is just amazing! Pointed out the truth - “Philately, and stamp collecting, and postal history go well beyond the ink that is on the paper (and it certainly will go well beyond any pixels on a smartphone).” All my life I’ve felt the same, collecting stamps is much more than just owning the stamps, or a digital copy in this context. Thanks for making such amazing videos for us philatelists!
Another stupendous episode!
Thank you Louis! 😊
I'm your 24,000 subscriber! Great channel!
Welcome to the channel ☺️
Great explanation. Makes me feel optimistic about my 1 piece in the Magenta.
🙌 Thanks Charlene.
Interesante vídeo gracias por compartir un abrazo buenos días 👏👏👍
De nada, gracias por mirar 😊
Wonderful video! And the best explanation of NFT's I've seen. I have an Austria Post crypto stamp, but I've never opened it. Keeping it sealed and not knowing which color whale it is, in a strange way, has its own mystery and value to me.
Ooo, you have me curious now, I wonder which one you actually have! Ah I couldn't do that, I'm too impatient. Thanks for sharing :)
@@ExploringStamps 😆
Great video Graham. I am not sure what to think of these issues. I mean, where there are physical stamps issued tied to the stamps (as in the Austria Rhino, or the new United Arab Emirates issue for their 50th Anniversary of Independence) I can see the items as having a clear connection to philately (and even moreso if you can find them used on commercial cover, though given the face values that is likely a daunting challenge,) The USPS Veve tie-in with the Day of the Dead though just seems very odd to me - why collect a digital version when you can have the hard copy would I think be the response of most "traditional" stamp collectors. Perhaps it might be better to say that this is the intersection between the world of stamp collecting and the world of digtial NFT collecting. Whether or not the NFT collecting "hobby" is a fad fuelled by money looking for a better rate of return, or actually can become the "next wave" of collecting as postal services move forward with digitalization of their services is another question. Gene from Colnect.
Oh totally Gene, that is a really good way to put it "Intersection between the world of stamp collecting and NFT collecting". What I didn't mention that you just brought up is the current economic situation in which the NFTs were born in, finding better rates of return. Basically this area could be highly sensitive to any changes in the economy. The concept is still young, lets see..Fad or future?
Call me old-fashioned but i prefer that my stamps are actually present physically. And i agree with you on what makes philately interesting for me its the historical value, not the fact that it is "unique" or "you can own this and that".
Yep, I'm with you there 😊👍
TsukiCat here, I have to say about the whole NFT thing, Austria definitely is alot more interesting. You have both a digital and psyical stamp and a digital one. But the USPS one is kinda lack luster. I too see how simular they are to the tulip mania, and I'm sure it might end up the same fate
Thanks Tsuki! Avoid the tulips 🌷🌷🌷
Very interesting , loved the part of the traditional stamp collecting , great job , IMHO I do not see myself collecting NFT🤔
Thank you Bernardo! I'm the same as you, Ill stick to the physical stamps :)
The interest of earning money with NFT art got me here, but as a Philatist myself, I think I will stick with the more "tangible" stamp collecting. Great job on explaining... and grounding me.
I did a deep dive on NFTs and crypto a couple of months ago. It's a fascinating field, but a lot of the criticisms are fair. It still feels very Wild West-ish, and a lot of companies and people are just throwing stuff at the wall to see what sticks. The environmental concerns are definitely valid, though there are some other blockchains like Tezos that use proof-of-stake instead of proof-of-work, so they use much less energy. All in all, I definitely think this is its own branch of philately, and will definitely grow if/when postage stamps get tied to the blockchain in a more real way than just novelty items.
'Wild Westi-sh' is a good way to put it, this space totally feels that way. Ill def have to look up proof-of-stake blockchains, very interesting. Thanks for sharing Karey. 😊
Very useful now that I finally got here. Thank you for saying a philatelist need never collect a stamp. I like the Austrian version, at least linking the initial purchase to a physical item.
Thank you for bringing me from zero to square one on this issue. The connection to stamp collecting seems flimsy at this point. We'll see what the future brings.
Thank you Chai! I totally agree with you, the connection is weak, but as you said let’s see what the future brings.
I have just bought the 3 lion crypto stamps from Netherlands , Luxembourg ,and Austria . I bought them out of curiosity . Your video has helped me to grasp the meaning of crypto, blockchain and NFTs . thank you so much for a superb and easy to understand explanation. I may now go on and collect a selection of other crypto stamps. Not for the investment potential but merely because I like the look of the stamp. France No 1 will be my first purchase
Some guy online tried to sell me a super rare "Inverted Rhino" stamp from Austria. But then he killed the deal by telling me I can't put it into my album because I can't ever touch it.
Yeah no, good thing you killed that deal. Lots of weird stuff going on out there.
Graham
Thank for a great video on NFT's! You have the best explanation of what a BIT is and I have a better understanding of Blockchain technology. I think I will look into the purchase of one Stamp NFT. I still like the physical owner ship of stamps and truly enjoy the History behind each stamp and the knowledge we gain.
Thanks for a great video
Graham, I think I will pass on the NFTs, however I would like to collect one of those #philately Tee Shirts. Any chance of that?
Thanks Rick, yes the #philately shirts come in a variety of colors, check them out here: exploring-stamps.creator-spring.com/listing/philately-white-logo?product=46
Good job! Well done. Very interesting and helpful. Fascinating concept.
Thank you Devlan, glad you found it interesting :)
Great Video as always. NFT's are not for me, one of the joys of Philately for me is owning a tangible piece of postal history, knowing that what I am holding has been on a journey through time and places that I could never go on outside of stamp collecting. The great thing about Philately is it is a large and diverse hobby that has room for all collectors and collections.
Well said! Yes I am right there with you. the great thing about this hobby is that it has room for such a diversity of collectors and collections. Thank you 😊
I am 72 years old. I am no good with a smart phone. Digital ownership means nothing to me. I do not care about it, and do not want to own any of it. I do like my stamp collecting.
I'm right there with you, I love my physical stamp collection, thats where I get the most joy 😊. Thanks Charles.
Informative, but still prefer to have the traditional stamp collecting and the history behind every stamp.
I'm with you, Cheryl. I think I will stick to my traditional physical stamp for now. Thanks for watching 😊
Great explanation for this new fad! too expensive for me! As the Fiddler on the Roof Sated in the movie TRADITION!!
Thanks for this video. I’ve been wondering about nfts and the “non flowering tulips” comparison does seem apt. I appreciated your musings on what philately is. I didn’t find it a bit sappy. Seemed pretty heartfelt to me.
Thank you Dwayne :). Gary's 'non flowering tulips' are probably foreshadowing things to come, only time will tell! Thanks for watching.
Thanks Graham. I'd heard about NFT's but had a very sketchy understanding of what they were. The way you explained it was very enlightening.
Thank you Caroline! Glad the video was helpful 😊
Awesome :-)
Thank you! 😀
NFTs, cryptocurrencies... I'm just too old school! It's not for me! I like to have the physical stamp knowing they've been on a journey and the hands they've passed through!
Cheers to that 🍻. I struggle to wrap my brain around the digital collectible space.
I think that the ability to track the providence of art and stamps on the Blockchain is a great reason for NFT stamps to exists, but I think the biggest hurdle is how you enjoy and fire a digital asset that is a part of your collection. I’m still going to want a physical representation of that digital asset which in a way makes the collection come full circle
Totally! I'm someone who needs a physical representation at the very least, its a good point. Thanks Kyle :)
NFTs dovetail into the Metaverse! Creating a VR Vault where favorite (stamp) images are featured in an Art Gallery-like manner is very cool! Need to add hologram images as well! The future is what you make of it.
Oh great point! With all the talk and excitement about the metaverse, I think nfts are the early days of this digital universe... the future is indeed what you make it.
@@ExploringStamps in the future letters could have barcodes that you scan so you know if it was delivered by standard class or express
I think the important learning we can all take from this, is that stamp collecting is continuing to evolve. And it doesn't matter whether NFT/CryptoStamps are for you, this will be a branch of philately in the future. Collect your way, anyway! ;) PS. Is Exploring Stamps NFT stamp now considered fine used? Asking for a friend. :P
Digi P! Yes that is probably the most important learning we can all take from this. Stamp collecting is looking for opportunities to grow, and this NFT/cryptostamp space is exciting to follow. Lets see where this goes. Btw, I think it is fine used 😂
Thanks sooooo much for an awesome explanation. This Baby Boomer Appreciates it!
You are very welcome 🙏, thanks for watching!!
Oh I read this NFT story before. The title is "The Emperor's New Clothes."
😂😂😂
I think I will stick to real postage stamps! Someone somewhere is making a fast buck on nothingness! Interesting video though
Thank you! Yes I am the same, Ill stick to the physical. Thanks for watching!
Great unusual topic. I will stick to the philately side always, and don't think of digital sense of the subject. Perhaps, Graham you should do a vid for Christmas stamps, HAPPY HOLIDAYS and to Laura AND STAY SAFE. I'm looking forward for a pre xmas episode/mail etc.
Thanks Roger, I will also stick to the physical side of the hobby, it makes the most sense. Thanks for watching.
I got my bowl of chicken soup and traveled with you on your spot on explanation of this digital future. NOT MY WORLD!! I am adding to my real collection of US Stamps not by filling holes any more but picking out stamps I love. I then add postal history connections to them. I get to expand the beauty or interest in these areas. When I peruse my albums I get to pause at these mile posts and re experience my original pleasure I once had.
I have no interest in getting in ground floor of the digital world.
Thanks for another GEM!
Thank you Wayne 😊. I think we are collecting in a similar style, by looking for the postal history connections to stamps that we love, I really enjoy it. Hope the chicken soup was good. Thanks for watching!
Some folks used stamp as inflation hedge, because limited quantity. This case, NFT stamps serve the purpose well due to its uncheatable property
However, not my cup of tea. Me love to touch, smell,and learn through stamps.
Nice videos with detail explanation
Hi.. I was looking at some of your old vids.. 3 years ago.. The groot constancia purple stamp.. Specifically the 2 1/2 c stamp.. Very common but I have one with no purple bar and curve on the top arch above the statue, also no purple around the statue.. Then the purple lining above and sides of the door and step also missing it is present on the windows and shutters.. Faint purple lining where it's suppose to be.. Ever seen one like it.. Thanks
Philately is the collecting of stamps that at the time of their issue we’re fungible. They may, over time, have become non fungible. NFTs we’re never created to be used as postage therefore do not qualify as philatelic items. Rather they are a get rich quick scheme.
This is not true - the USPS uses NFTs for postal purposes. :)
A part of this feels like Cancelled To Order (CTO) stamps. They were never used or could be used when deliberately cancelled by the postal service, and are just sold directly to collectors to make money. Eh, its something that I will likely avoid. Thanks for watching David.
(saurio) i'm in the philaty for the art, i like they details and the peroective from they creator, i think the nfts give us they posibilty to have digital art and shared with th world without ceasing to be the owner
Appreciation of the art is an important factor. Thank you for sharing 😊
Hi, i found myself here when searching for a slightly different approach. Wanted to look into Scanning & Uploading & NFT'ing & Selling stamps from a personal collection. Maybe best idea is to promise to send the physical stamp when the NFT is bought by someone. Just thinking out loud: this could probably be done on eBay without going through the NFT process. OK Maybe the NFT is to have a digital ownership contract, but if we let the buyer worry about that part if he wants that or not, and we just sell the physical stamp by actually mailing it to them... donno :)
Good vid but 0% chance I'm buying NFT stamps. I want to hold them and handle them, not stare at my computer looking at one
😊 I am totally in agreement with you! But maybe we are both old fashioned...uh whatever, a physical stamp is the way to go!!
Man I should have sent you pics of the UN Crypto stamp souvenir sheet I got recently. The Geneva one had a little scratch on the scratch off area but no big deal. If you would like me to send you pics, let me know.
The UN Cryptos look interesting. Its amazing that the UN is also exploring this space, for anyone reading this comment, check them out here: crypto.unstamps.org/
One question which has a profound effect on the value of anything is survival rate? It seems the NFT digital collectible has a long survival rate. If it thrives, to reduce operating costs, the amount of power will be reduced so there will be more of these "unique" collectible. I like the comaprison to owner a share in a franchise. Basically the more investors into a franchise the smaller the portion unless it is refinanced with more money to allow greater value of shares in the franchise. If the franchise fails then your shares are worthless. So the danger is NFTs are in a huge bubble and the supply of them is increasing.
As for the UN Crypto stamps have 15 varieties based on which of the 15 program goals is connected with your souvenir stamp.
I love my stamp collection. I am not buying digital ownership of a stamp. I want the physical stamp.
What is the world coming to? I can't keep up. Great video Graham, I knew nothing about this crypto space.
I can’t keep up either. I guess that I’m at the point where I am no longer keeping up with the tech trends 😩
@@ExploringStamps Im right there with you!! 😂
Did not know until today that there was a stamp NFT hype coming up...I just saw it could be a cool idea to re-alive my collection in digital world
I think the future stamps should have a tracking function since the 5G and blockchain are emerging. When you put your letter with a tracking stamp into the mailbox, it can automatically be tracked online.
I think that would be soo cool, blockchain stamps. Thanks for watching Luke 😊
Two things caught my attention. First concealing the color of the Austrian NFT until after purchase reminded me of the various little packets of cards/stickers that one would get at petrol stations (South Africa in the 70s and 80s). You would accumulate an increasing pile of, say, the Liverpool FC cards in the hope of getting the rare, say, Manchester City card. Then after a few months you forgot the whole business anyway.
Second, there does not seem to be an equivalent of my collecting interests. For example, postally used recent stamps from African countries. The stamps are produced in the millions. They're not rare or worth much mint. With a little savings, I could purchase a complete mint collection over a weekend or two. But actually used? There are not many but they're not expensive either as few collectors are interested. But finding them is really hard and when I do get any I know that they likely performed a useful task for an ordinary person in a distant country.
I LOVE your comparison David. I used to go to the Engen Petrol Station to purchase Lion King marbles, you only found out which marble you got after opening the bag, and so I emptied my pocket money while buying bags of the darn things to get each of the characters... ah memories. It was the first thing that I thought of when getting my rhino color stamp revealed. Thanks for sharing!
Amen! I have been saying for a while that modern used African material is actually kinda rare. Zimbabwe material can get quite expensive sometimes too!
@@thedigitalphilatelist I collect modern Mozambique postally used. It's really difficult! Excluding Stamperija material, a decade of accumulating has resulted in maybe 50% of listed catalog items. Then some Stamperija stamps have actually been used in the mail. I doubt anyone will ever assemble a complete list of which of the 1000s of Stamperija Mozambique were available in Mozambique post offices. It's like collecting from the pre-stamp era. You just content yourself with whatever you can find.
Thanks for pointing me to the video, Graham. Even a year later, still excellently done and excellent content. I'm not on any of the crypto / NFT exchanges so I don't think I can check to see if the price of stamp NFTs is changing (up or down), but it would be interesting to know given the dramatic fall in bitcoin and collapse of multiple blockchain-based exchanges.
Thank you Bob. I just went and looked up an example, in the video I point out that the Day of the Dead rare stamp was going for $565. Today it is listed at $73 …. Yikes.
Doesn't surprise me given the collapse of so much blockchain-related, but excellent to have a real data point. Very glad your Austrian crypto stamps look so good.
I dont think it is for me. What happens if the computers crash and all the Information is lost. Then what do you own?
Hey that is a great point, what about hacks and outages and just system failures? My stamp album doesnt get 404 error messages.
Thanks for explaining NFT "stamps". Now I'm sure it's not my cup of tea.
You are very welcome Willem! 🫖 😊
As with all your perfectly amazing videos, you are the first person who has coherently explained NFTs to me and I have heard quite a number of them. You have taken a complex topic and made it understandable. But most importantly, you discuss the implications of blockchain on philately from a large number of perspectives. You have given this deep thought. Superficially, it seems one major thing which differentiates NFTs from real objects is that the NFT "impulse" is really around the concept of ownership and bragging rights vs. all the more complex reasons collectors collect stamps as physical objects. Your "sappy speech" isn't sappy; it is a very elegant explanation for why we collect and provides a strong case for "old school" collecting. We shall see if NFTs end up as the Dutch tulips did - they lost their value but still remained pretty flowers. But sometimes you just need another rhino in the collection. There is no shame in that :-) Again, I can't tell you how much I enjoy your channel. You seem to put everything into producing this content. Keep it up!
Thank you so much!! you are too kind 😊. We shall see where NFTs end up in the future, who knows...but as you said, the bragging rights for owning an NFT versus the reasons for owning a physical stamp are completely different motivations. Thanks for watching.
(JoeUrban) Really interesting video, from both a Philately standpoint but also for someone new to the whole concepts of blockchain and NFTs. I'm stull on the fence as far as its place within the realm of philately. The ones with a physical 'twin' I'm fine with, but unsure of the pure digital versions.
Thanks Joe!! I think a lot of philatelists will agree with you, a digital collectable that is tied to a physical item has a legit philatelic connection, the complete digital is completely questionable. Thanks for watching!
You've stepped into the matrix.
Following the art world I've read up on NFTs and soon got bored with it.
Something new will replace it like the next video game and people will move on.
Since it's on a card are philatelists also now card collectors?
There's no physical transaction so I see no real tangible philately involved. Merely collectable hype for collecting sakes only.
I'm glad you mentioned the huge amount of natural gas and coal needed to burn NFTs. I can remember being scolded for using the wrong kind of light bulb and fined if I don't recycle but crypto seems to get a pass.
For those who love it fantastic and don't forget to see the new Matrix movie! 😊
I can't wait for the new Matrix movie!! Dec 22 in case anyone is reading this.
Apparently the climate concerns regarding the Crypto space are quite alarming, I went down a rabbit hole reading about China's issues with crypto miners consuming vast amounts of energy, and how countries are cracking down on mining because of the issues. It is interesting. Thanks for watching Jim.
@@ExploringStamps I read one article (whether it's true or not) where less energy is spent mining gold than mining crypto.
Thanks for being on top of all the latest in the hobby.
@@jimhresco1728 whoa 😳 if that’s true, then I’m just mind blown
I have a lot of those Cryptos and didnt even looked up the virtual identity. But hey, why not? :)
The real issue is the price, the cryptos are very expensive and you never really need the postage of these stamps. It's pretty obvious that Austrian Post want to get all the money out of the hype. I think there could be amazing ways to enrich the hobby by IT, but we didnt found the way till now. Maybe it would be better to add QR Codes with additional information to the stamps topic, or some kind of gamification. I like the swiss Cryptos that use funny pictures instead of just some different colors.
Wolfgang - I'm with you. Having a QR code link to information about the stamp - whether it by what the stamp is about or how the stamp was produced or both - would make them much more interesting to me, too
Great video as always, let me think a lot about digital world and future.. Personally I'm old school and I m happy with stamps, letters and philatelic material I can touch,stock in my album, smell and watch my bookshelf full of all these small piece of paper... But I have to say probably the future will be more digital, like it or not, nft is a part of our future.. Of course I prefer the Austria post choice of both phisical and digital stamp...
Ps. Sorry for my bad English 😅
Thank you 😊. I agree that having a digital twin with a physical stamp is a lot more appealing to JUST an NFT... but like you said, NFTs could be a big part of the future, lets see! Thanks for watching 😊
Check out the Swiss Crypto Stamp :-) One of them Sold for around $40k
That’s just crazy!?!
Austria are very good at creating quirky stamps, two of which- the ski and the covid one are now in my collection, and I wouldn't mind owning one of these. However I do like how tangible my stamp collection is. The online gallery is a great idea/ way to display them and there probably is a market for them, but right now I'm unsure. I certainly don't fully get it, but it will be interesting to see how popular they become
Austria are really good at it! It is no surprise that they were the ones to pioneer the crytpo stamp space. I am also curious to see how popular they become. Thanks for watching Martin! 😊
Great episode! The love letter to philately nailed it, & I know I’m in the minority, but I love crypto stamps! My niece goes nuts over the animations & I like how stamps record our history. Austria is killing it where humanity is rn imo. Cryptostamps & the mask stamp made of mask? I know it’s cheesy, but if someone made a stamp of tulip back in the day, I’d buy that too. ;)
Thanks Lauren 😊. The fact that your niece gets excited over the stamps, is a sign that Austria are making stamps appeal to different groups outside of the traditional philatelic sphere, brilliant!! Thanks so much for watching.
Sounds like a Ponzi scheme to me. Some people will make a fortune but most will lose money. Not for me but some will, no doubt, collect.
Not quite the same but, earlier this year, the UK issued 2nd class (machin) stamps with a QR barcode making each of approx 20 million unique stamps.
Thanks Iaian. Yeah I can see that being the case. Some will win big, most will lose... I am already writing my two NFTs as a loss 😂. Thanks for watching.
Great video Graham. I’m one of those people who bought a couple of the Austrian crypto stamps and glad I did. The process was horrendous, but I learned a ton about crypto wallets and digital coins. And we have the stamps as collector’s items for fun. But I seriously doubt we’ll make it into a major part of our collecting hobby. I did think the USPO crypto project was cool, especially the AR aspect. Thanks for all the great content. Happy New Year and happy hunting.
Thank you Daniel. What you bring up about the difficult process and what you had to learn about crypto, is exactly what I am grateful for. Had Austria post not made the crypto, it would all still very much be a mystery to me. 😊
I actually read about the veve NFTs being an issue as you cant escape the app, meaning that you cant cash out and get your USD, is that true?
Yes! Currently you cannot cash out and convert gems to USD. The platform promises to have a solution shortly, but until then everyone is locked into the app. I don’t feel good about it, but I am regarding my $60 as an expense/loss.
@@ExploringStamps That smells like a scam. No thanks.
You can't cash out at the moment. However, VeVe is backed by Omi currency. Their plan is to allow collectors to convert their Gems to Omi and make it open wallet. This is why everyone is buying them so damn fast!!!
I live in croatia, and I am new to philately, and I saw the crypto stamp we offer, and I am actually quite tempted to buy it. It costs about 7 dollars here.
6:00 about artists getting commissions when their artwork sells again... unfortunately, it is more like people are stealing artwork online and making it NFTs. So the original artists are getting nothing. I follow several artists on Twitter who have had to send takedown order to one of the art NFT sites, because their artwork is ending up as NFT without their permission.
(I will see if you mention anything about this...)
Personally I will always exclusively collect physical stamps but this is a fun new addition to the world of philately nonetheless. Time will tell if it lasts. You make a good point in that a lot of NFTs are bought and sold for profit alone and that is something I am against when it comes to stamp collecting.
Yes exactly, time will tell if it lasts. Thank you for watching and interacting with the video 😊
This would of been how physical stamps would of started though. Same thing.
Thank you again for this much needed informative video on NFTs and the blockchain and crypto stamps! While anything to do with the blockchain still confuses me at least I feel a little bit less confused. I'm glad Austria post issued a rhino stamp for you to "force" this topic 😂 and uh-oh.. I see they also have a cat one, hmmm.... Lastly out of curiosity I'm wondering do you personally like to buy crypto currency or coins? Like I said I don't understand the stuff but the hubby is quite into it so he enjoyed this video a lot, too. Thanks!
Thanks Lisa! I only started to understand the crypto currency world as a result of researching for this video, so I’m very new to it. 😅 glad you showed it to the hubby as well, hi hubby 👋