The image is called "boredapenftaccidental."
Click to save the image.
The image is via OpenSea.
How much have you lost on a mistake? It's not likely to be hundreds of thousands of dollars. The unfortunate individual sold a Bored Ape NFT for $3,000 instead of $300,000 because of a mistake.
The NFT was listed for sale by its owner on Saturday. Max accidentally typed 0.75 ether instead of 75 ether when he meant to price the NFT at 75 ether. The NFT was snapped up before they could correct the mistake. The drama can be seen on the NFT's OpenSea page.
How did it happen? A lapse of concentration.
How did it happen? Max said that it was a lapse of concentration. I list a lot of items every day, but I wasn't paying attention. I instantly saw the error as my finger clicked the mouse, but a bot sent a transaction with over eight thousand dollars in gas fees, so I couldn't cancel it, and $250k was gone.
The world of finance is well-known for these types of errors. In 2015, a junior employee ofDeutsche Bank accidentally sent $6 billion to a hedge fund client. When the worst happens, traditional markets have some recourse. The hedge fund sent the money back the next day.
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Max doesn't have a way to get his money back. It doesn't help that the NFT is part of a very valuable collection. There are 10,000 Bored Apes, each with their own set of attributes that are combined to create a portrait with the aesthetic qualities of a mid-2000s gaming character. NFTs are not about the quality of the artwork, they are about speculation and perceived value. The Bored Ape NFTs are an exclusive club with owners including celebrities. They were originally priced at $320, but now cost hundreds of thousands of dollars.
Max seems to be taking things in stride despite the loss. Sometimes you fuck up, make a bad buy, out of gas fail, send Eth to the wrong wallet or fat finger listing. It is going to happen. It's pointless to let it occupy your mind after you can no longer affect the outcome.
Sometimes you make a bad buy, out of gas fail, and send Eth to the wrong wallet or fat finger.
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It's going to happen. It's pointless to let it occupy your mind after you can no longer affect the outcome.
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December 12, 2021
