Message:I once got a few hundred bucks taken from me in an escrow when a title company went bankrupt and later the funds for the property tax of the deal went unrecorded. Sure, Boomer problem. You'd think the insurance you pay for in Title Insurance was created to cover these mistakes but the collection agency (buying the debt) in small claims court said the whole was Unjust Enrichment. You cannot profit from an honest mistake. Enough prologue.
Someone accidentally spends 100 ETH (~$190,000) on a free NFT A pink, orange, and yellow 3D gem with the OpenSea logo on the top. Anyone who bought NFTs from the Gem platform was eligible to mint the NFT for free. The NFTs have been trading on the secondary market for around 0.06 ETH (~$110).
A trader apparently trying to bid $100 for one of the NFTs seems to have mistakenly entered 100 Etherium, or around $190,000. The trade was of course quickly accepted by a seller who made a tidy 1666x the typical floor price.
This cat lost nearly 200K on a pull-down mistake. Unjust Enrichment? Try finding the seller online. To think about three years ago, the
HOPE was to have all the property in America protected by Non Fungible Tokens instead of deeds, to trade NFT properties like baseball cards. To think legislation was moving there...what a world of shoddy.
===========CHEAP ALERT===========
Hey, Conrad's Fantasy Next Millennium is still PWYW. Tell your friends. Pay What You Want is okay by me and the titular author. If you use the pull-down and send us 100 ETH by mistake, we'll give the money back (after we prove it wasn't some new Zoomer scam).
Yours,
IronRed
24-Apr-2023