Crypto Currency - Believers Only

Hursty

https://www.bbc.com/news/world-us-canada-60310783

Value of the Bitcoin went from $71 mil in 2016 to $5 bil today 😳

bosstrabs

Hursty Which of these pieces of magnificent NFT art do you recommend I invest in Hursty?
https://www.vice.com/en/article/qjbz5m/why-does-nft-art-look-so-bad
Just any that becomes available?

Sorry but if you think ANY NFT art looks good and pictures of apes drawn by idiot techbros will ever have any value you know absolutely nothing about art.

Hursty

bosstrabs I’ve repeatedly said it’s not for me, I’m not really into any art, apart from the electronic beats variant!

It’s all crazy mental shit but that’s the world we live in, value is given by the community behind something and the online community is huge.

Regarding NFTs there are hundreds of other use cases, I’m currently working on one regarding carbon offsetting with someone who works in the airline industry, currently there is no way to verify the authenticity of such certificates and you rely on trusting a company which as we know is not great. Using blockchain technology and specifically minting a NFT version of a certificate means the validity/uniqueness can be verified by anyone anytime, reducing fraud etc.

There is a lot more to NFTs than just jpeg images…

Pickles

Yeah very, very early days for NFT’s but from what i can see so far it’s the underlying contract sitting on the blockchain that can potentially be a game changer…

For the music biz types this could give artists with a following a chance to, say, flog an album as an NFT direct to fans with a share of streaming profits, fan meets etc. then it becomes tradeable…so no need for the record company to stump up the advances or to own the rights.

Exciting stuff potentially from what I can see? Although I could easily be totally wrong as I don’t claim to fully understand it yet!

Smallman1

The acronym I most think of when I hear NFT is NFI.

Amps

bosstrabs

Wally

OMG, flog the fucking lot.

bosstrabs

Some of the replies to Owen are brutally funny.

bosstrabs

You can buy Alpha Kong NFTs for 0.6 eth at the moment. That’s $1,833 in FIAT currency.

Get in before they go to 4 eth each.

Hursty

Not much doing out in China at the moment Dave with everyone locked up?

bosstrabs

Hursty Not much doing out in China at the moment Dave with everyone locked up?

Beijing had one case yesterday, the whole city is running free with an iron wall around it so the nongs can’t get in.

It’s the poor bastards outside the capital you want to feel sorry for.

Bought any Alpha Kongs yet?

Hursty

bosstrabs Nope, just consolidating many positions as the market is offering many opportunities once again

vinnyt77

https://www.theguardian.com/technology/2022/apr/14/twitter-nft-jack-dorsey-sina-estavi

benson

Well that depreciated quiclly

bosstrabs

Opportunity for Hursty here to buy the dip.

Hursty

The market decides, sounds like that guy fucked up. That’s crypto, win big, lose big, only those on Nugenix need get involved

Old-Dutch

“It’s important to me who wants to buy it, I will not sell this NFT to anyone because I do not think everyone deserves this NFT,” Estavi said

LOL

benson

https://www.theregister.com/2022/04/16/something_for_the_weekend/

benson

Smart contracts and decentralised and unregulated. What could go wrong??

https://www.theregister.com/2022/04/18/beanstalk_loses_182m_flash_loan/

Hursty

benson As always, the smart money invests in reputable projects the same in any walk of life. Regulation and compliance first, there are crypto based companies that follow this method believe it or not

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