fyi guys theres a place round the corner from me that sells paintings on a canvas for eye watering amounts of money, people buy these things as investments! Unbelievable. I heard their made using OILS! (that's fossil fuels that come out of the ground). Some people have made lots of money out of it, but most of them become worthless. I don't know what problem they solve - we already have photographs.
Jeez, turn it in eh mate? You've already had this thread closed down once.
it was satire to @seth plum going apoplectic whenever crypto is mentioned in any thread. So... i guess... whoosh?
Is 'apoplectic' your new word for anybody who disagrees with you?
Here, have another bitcoin and calm down
and i'm the one supposedly de-railing this thread. *sigh*
@seth plum I've repeatedly tried to engage with you in good faith on this subject before, but your replies always consist of this condescending, deliberately ignorant sea lioning or "2+2=4 here i made a bitcoin" joke. You're using a computer, this uses mathematics to function. You're using the internet, which uses mathematics to function. Everything digital is based on mathematics and 0's and 1's. Can we please stop this, so that questions can be answered, things can be learned and threads don't get thrown off and derailed because of petty squabbling. Thanks.
If traditional currencies are backed up by things like oil, or coffee, or car manufacturing, or tourism or whatever, what backs up cryptocurrency? You say mathematics. It makes no sense to me compared with actual tangible things. Right now I can’t buy bananas with equations.
And Militaries. Big Militaries. With Nuclear Weapons. Lots of them. That cannot be stressed enough.
Been doing a little digging around GR... very strange stuff. I follow a lot, and i mean a lot, of crypto influencers on twitter, none of them follow GR (i have no mutual followers) yet they have around 35k followers. Their GR nfts have a very low volume and last sale price. Their token GEAR has a very small market cap of around $1.6 million. One of their holders owns around 20% of the total supply. The link to their whitepaper doesn't work, I'll ask around a few more questions perhaps when i have time.
I mean the whole purpose of these things is to drive up the price of whatever crypto currency is used to underpin their worthless NFTs before the inevitable cash out and crash. In this case it seems GEAR is the currency of choice.
Again I say please do not buy these NFTs solely if you think they are somehow good investments and you can make money from them. The chances of being able to sell them for more than you paid for them is close to zero.
If only there was some sort of shape to describe this sort of thing...
I wonder when bank notes came in, the Charlton life equivalent back then we’re saying “it’s just a bit of paper, it’s worthless. It’s just another scam”.
I can't right-click on a banknote to save a copy of it.
I wonder when bank notes came in, the Charlton life equivalent back then we’re saying “it’s just a bit of paper, it’s worthless. It’s just another scam”.
I can't right-click on a banknote to save a copy of it.
My understanding of it is that I doodle something on a bit of A4 paper and that is the original. Something is coded within this specific original A4 to denote it as the original.
That original A4 can be photocopied an infinite number of times but only the original A4 paper will have the code/ seal of authenticity and all the others whilst appearing as identical will not have that seal of authenticity as being the original.
The doodle will look exactly identical on every copy to the original.
People may want to buy the original for the "kudos" of owning the original. People may offer a % stake in ownership of the original to "investors" who speculate that the market value of the doodle will increase in value.
Exit strategy is someone happily owning the original at a price they're willing to pay merely for the kudos of owning it eternally regardless of changes to it's resell value.
Or speculating that it will increase in price as someone (or a pool of people) is willing to pay more.
Rather than being done on A4 paper it is done digitally in form of a still image or moving image (GIF) which can both be copied by simply right click ctrl C (hence the emergence of intended derogatory term in NFT circles ... "right clickers").
That's my very crude understanding of how the market exists at its most basic level.
I wonder when bank notes came in, the Charlton life equivalent back then we’re saying “it’s just a bit of paper, it’s worthless. It’s just another scam”.
I can't right-click on a banknote to save a copy of it.
Generous Robots is a family, a community, and a group of investors who are looking to bring change to the Solana space.
We've brought together talents from all walks of life to create a Launchpad, VC Fund, Staking System earning $GEAR and much more.
Generous Robots was started as an idea to reward holders with IDO (Initial Dex Offering) utilities but it became much bigger than that, and there's so much more in the future.
Basically, you give them money, believe in them, spread the word, stay loyal, wait for the next bull-run and strap yourself in for a rocket ship to the moon in investment terms. Quite what you're investing in isn't exactly clear.
All of that may happen. But it's very similar to how pyramid schemes work too. So more than a few people are a tad suspicious. The fact that the "structure" of the organisation is opaque, at best, and the fella supposedly behind it all does interviews in disguise doesn't exactly breed much confidence either.
My understanding of it is that I doodle something on a bit of A4 paper and that is the original. Something is coded within this specific original A4 to denote it as the original.
That original A4 can be photocopied an infinite number of times but only the original A4 paper will have the code/ seal of authenticity and all the others whilst appearing as identical will not have that seal of authenticity as being the original.
The doodle will look exactly identical on every copy to the original.
People may want to buy the original for the "kudos" of owning the original. People may offer a % stake in ownership of the original to "investors" who speculate that the market value of the doodle will increase in value.
Exit strategy is someone happily owning the original at a price they're willing to pay merely for the kudos of owning it eternally regardless of changes to it's resell value.
Or speculating that it will increase in price as someone (or a pool of people) is willing to pay more.
Rather than being done on A4 paper it is done digitally in form of a still image or moving image (GIF) which can both be copied by simply right click ctrl C (hence the emergence of intended derogatory term in NFT circles ... "right clickers").
That's my very crude understanding of how the market exists at its most basic level.
Comments
There goes the economy
Not listed with the other partners/sponsors either (not sure if they ever were to be honest)
I was just about to buy an NFT picture of a straight line too.
I'll bet all my NFTs on "No"
That original A4 can be photocopied an infinite number of times but only the original A4 paper will have the code/ seal of authenticity and all the others whilst appearing as identical will not have that seal of authenticity as being the original.
The doodle will look exactly identical on every copy to the original.
People may want to buy the original for the "kudos" of owning the original. People may offer a % stake in ownership of the original to "investors" who speculate that the market value of the doodle will increase in value.
Exit strategy is someone happily owning the original at a price they're willing to pay merely for the kudos of owning it eternally regardless of changes to it's resell value.
Or speculating that it will increase in price as someone (or a pool of people) is willing to pay more.
Rather than being done on A4 paper it is done digitally in form of a still image or moving image (GIF) which can both be copied by simply right click ctrl C (hence the emergence of intended derogatory term in NFT circles ... "right clickers").
That's my very crude understanding of how the market exists at its most basic level.
Generous Robots is a family, a community, and a group of investors who are looking to bring change to the Solana space.
We've brought together talents from all walks of life to create a Launchpad, VC Fund, Staking System earning $GEAR and much more.
Generous Robots was started as an idea to reward holders with IDO (Initial Dex Offering) utilities but it became much bigger than that, and there's so much more in the future.
All of that may happen. But it's very similar to how pyramid schemes work too. So more than a few people are a tad suspicious. The fact that the "structure" of the organisation is opaque, at best, and the fella supposedly behind it all does interviews in disguise doesn't exactly breed much confidence either.
Crypto.com has pulled out of a sponsorship deal with Uefa for the Champions League, the BBC understands.
The agreement, worth £428m over five seasons, is said to have fallen through at the "last moment", amid concerns about increased crypto regulation.
https://www.bbc.co.uk/news/technology-62764654
Say it ain't so.