[2015-12-09] Redditor Offers $38,000 in Bitcoin to Pro Magic Player

[elyas772]

Redditor Offers $38,000 in Bitcoin to Pro Magic Player Using Terrible Card

With a card pool that’s swelled to more than 10 thousand, finding a Magic: The Gathering card that you are particularly enamored with isn’t uncommon among players. (I have a Japanese-language Lightning Bolt I’m weirdly fond of!) What is uncommon is offering 90.5 BTC — that’s over $37,000 — to the pro Magic spell-slinger who fields a card competitively, especially when 8 months ago, you paid people to burn them en mass.

Perhaps you’re aware that certain Magic cards are worth thousands of dollars, which typically end up as cornerstones of top-tier decks. The card in question is not one of those. Redditor jobs141910’s objet d’art is Séance, which is rarely seen in competitive play and goes for under a buck a pop.

https://www.inverse.com/article/9026-redditor-offers-38-000-in-bitcoin-to-pro-magic-player-using-terrible-card

[Kakmakr]

I am not a huge board game fan, but I want to understand the principle behind this. You pay other people to burn their cards, to diminish the supply and to increase the value of your selected card, right? So these cards are printed in limited quantities, right?

The collectors value of the card should obviously be much more valuable than the amount being paid to destroy the rest of these cards.

Interesting concept, and I am glad Bitcoin is linked to this whole card trading scene now. Once something like this happens, a lot of people could start adopting Bitcoin for the same thing. 

How secure is the Escrow service linked to this transaction?