
Yes, it’s gambling. No matter how you put it, there is an uncontrollable uncertainty and uncontrollable element to this addiction. This addiction may not be chemical or acutely financially devastating in one shot to most, but it is a chronic problem most people in this hobby will face. But guess what, everything is a gamble including investing and a surprise including whether you will know you will wake up the next day or not. A surprise you may or may not always find out if you even know who you are after it happens in the first place. Like everything else, card collecting is all about moderation and the probability of winning and losing along with safeguards in place to prevent catastrophe. Ever noticed no one is selling cards widely believed to appreciate in the foreseeable future in large quantities? That’s because no one is stupid. Isn’t this a signal the cards being sold in large numbers that people actually buy now are all pretty much contrarian or polarized products? Stable coins are stable within a given range but loses the speculating components these gamblers are in the market for. People like that couldn’t care less about small dividends or interests otherwise they would already be in stocks. I think the only way for crypto to become useful is if it had more functionality like privacy. Block chain needs to be enhanced with privacy enhanced technology. If the criminals could voice their concerns, they probably will say that they wish after they committed their crimes and ransomed the coins, they could easily move these coins to an encrypted escrow black hole that no one could track them down ever.
Legitimate people especially in countries where their government promote limit and track digital payments want a way to spend and make freely and worldly without the government knowing about it. If one day Bitcoin suddenly opened up more authorized supply for mining, the market will likely crash. The saddest part are the people who are getting to this game at 5 figures even the educated ones. Those in at a penny or two will probably feel no remorse to let them hold the bag at 1 billion percent profit. Federal regulation most likely won’t happen for crypto within Trump’s administration. This has nothing to do who will get rich and who won’t. It has everything to do with crypto being shady as F*** with little legitimate applications though blockchain is somewhat useful when the government is comfortable with it. Can you imagine some entity out there suddenly becoming a gazillionaire? How will the descendants of the central conspiracy theory figures feel about that after their ancestors spent centuries being misers, destroying human societies just to see some entity named after a non-casuarina being richer than all of them when Bitcoin hit one million dollars. Would you feel good about that if you were them? All semi-jokes aside, if America’s number one enemy doesn’t even feel comfortable about AI, how do you think they and likeminded entities will react when this possibility increasing becomes a high probability event? What the alternative assets industry need is liquidity through assurance. When insurances, even self-funded ones become a reality, the regulations will follow.
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Pokemon and sports collectible card collectors and cryptocurrency investors gamblers who need insurance and the best mainstream baseball repack product ever.

Anything that actually impact the mainstream financial system will be easily regulatable even when by then people in the industry probably no longer need that legitimacy and oppose regulations. Insurance need scale to work. Who has the scale? The card and grading companies? True, but they are not fortune 50 global companies that can tap into the banking system. Retailers especially the big box ones do have such leverage but they are not in the prime position of insuring. They do have protection plans but look under the hood, it’s underwritten by large P&C insurance companies. And they themselves are likely reinsured and the insurer is also insured. The government through its good faith and full credit brand label the. Provide certain guarantees or it’s too big to fail with implicit bailout potential. The whole chain is already institutionalized. The industry can get together and get their whole value chain together then go from there. I recommend starting small like a guarantee/warrantee program for returning damaged cards within a certain number of days without excess delays that is institutionalized throughout the whole chain of consumer protections. Taking damaged goods, shrinkage in packages, uneven distribution and stockouts seriously as violations that require corrective actions by the whole industry is probably the first real steps in establishing an insurance scheme. Allowed uneducated people to gatekeeper and buy cards are just not a smart way to promote this hobby. If there is even a .0001% chance that buying cards at big box create potentially violent or unpleasant experiences, that’s too much for this hobby to handle. “Yo gonna buy all tha’ree, not gonna leave one fo’ me homes”soft accosting that happens probably every hundred purchases and flocking (one person looking at cards everyone in the vicinity all flock to the area or mad dog you when you try to buy cards) not only is not good for the hobby but creates societal problems that is commonplace in the land of America’s number one enemy. Then there are these wandering people who appear to be employee of big box stores who walk about the area especially during restocks hoping to get a piece of the action for themselves or their entire hood of personalities and family. I don’t mind the hustling babies that literally are five year old trying to hustle get paid, I just think it’s poor and lazy parenting from otherwise people who may be well-educated and have disposable income. Getting your baby kid hustling at card shows is different than getting them working at your hedge fund. At their formidable age, why would you as a mainstream wealth want to subject your offsprings into the ghetto world of borderline potential criminals who themselves are not well-to-do may even be living in a basement?
This hobby got to legitimize by making these basement people the side effects rather than mainstream audiences. These people have little to no disposable income compared to the big walleted people who have dignified jobs that machines can’t do yet. Capitalism is all about money talks, kicking these people to the curve is the most capitalist thing to do. They can now get a better takeout of cards by eating on the side of the road just not in country clubs. They wouldn’t be a good fit for the country clubs anyway. Cards are arts and exclusive investment opportunities into the careers and life of athletes, artists and other people of notoriety that they are legally prohibited from profiting from their own work unless explicitly allowed to do so. This hobby do need people and fans, the “disposable income challenged” one can pay $10 bucks sitting in a bar, watch on the Jumbotron outside of a stadium or tailgate then sit at their nosebleed cheap seats. As long as they stay out of the private rooms and VIP boxes, they can still participate in the hobby. Card companies can’t operate with talent level of college dropouts. This is the age of analytics and AI, there needs to be smarter people in the room to begets exponentially more richer and smarter people who will open up their wallets and calendars. There may be a mystical repack blister box typically featuring 1+1 packs sold at a certain national chain that start with the letter W that may be priced around $10 that may potentially yield surprising good card value returns consistently in large sample testings and over a long period of time. YMMV.





































































































































































































