Mark Cuban: How selling stamps as a kid helped me see why digital assets are the future of business

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Mark Cuban: How selling stamps as a kid helped me see why digital assets are the future of business (via CNBCMakeIt)

. "The same stamp was selling for different prices at multiple stamp dealers at the same show. It didn't take me long to realize I could buy from one and sell to another." Cuban would buy a stamp for 50 cents and sell it an hour later for $25.

Back in the day, it was "a kid finding discarded items, cleaning them up and selling them on eBay, turning this into a business," Cuban wrote. But more recently, "finding inefficiencies has followed an interesting path from purely analog when I was a kid, you had to have something, go somewhere and sell face to face or by mail, or use an intermediary like a broker, to using the internet and sites like eBay or other marketplaces to sell their physical goods."

"Now we are seeing the next step in that evolution" with digital assets like bitcoin and stocks being sold via apps or online and smart contracts , Cuban wrote.

 

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MakeIt Was he selling StampsCom?

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