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gyroprotagonist

Certifiably Surly
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Everything posted by gyroprotagonist

  1. i am not super plugged into the art scene, but have not seen artists scan previous work and then convert that into an NFT. most are originally digitally drawn and then sometimes they will make a physical copy for the holder. I guess it could work in reverse. What @Nice Guy Eddie is talking about is collectors like to know there is a finite amount of these things. If the artist says this collection will have 10 paintings and they sell out and the floor price shoots up to 5eth, it would be a disaster if the artist decided to make another 10 or 50 of the same collection after the fact (even worse if they just made more straight up copies of previous works). rarity and exclusivity are highly valued in the nft space. i have seen artist posting on twitter that it can take 8/12/16 months before even 1 pc gets sold, so it can be something to put out there but probably not instant gratification. Plus there will be a cost for a dev to make the smart contracts. Add in time spent curating a social media presence for exposure. https://discord.gg/VySqukNvfD This is a discord I am in (but don't frequent too much) they host a different artist every month and make their works available to their members (for a small discount) and the public. usually host some ama's with the artist and things like that. Even these don't gain too much traction, tbh. Generative art is big in the nft art scene. letting an algorithm dictate how a base structure will generate. it guarantees the randomness collectors like where each piece won't be the same.
  2. kucoin will have almost every coin under the sun. i mainly use coinbase and then kucoin for stuff they don't offer like gaming coins.
  3. it's the wild west for sure. especially in the nft space. i have been duped probably half a dozen times on the 100s of projects i have stuck my toe into. some of them are eventually revealed to be the same scammers pulling the same shit until they get doxxed/revealed. there is pretty much a game plan. Pay to build hype/engagement on twitter to gain followers. Dupe or bring in an 'influencer' to lend a shred of credibility. flood your project discord with bots and fake followers. farm out the actual art to fiverr.com for cheap. Then usually the person writing the smart contracts is the grifter. Hype Hype Hype for 2-4 weeks and then sellout your 10K nft project at mint. Then give the double birds to everyone and peace out and pull the rug after collecting $1-5M and leaving people with worthless nfts. Just the amount of social engineering ('hacking') to steal people's nfts or eth is astounding. just post on twitter or redit about a problem with your crypto wallet and see how many helpful people reach out and can fix your issue if you give them your seed phrase or allow remote desktop to them, lol. people say it all the time but only 'invest' what you are willing to lose. really and truly willing to lose it all. After getting in somewhat early to nfts, 100% of what I do now is with house money so i am OK taking on some high risk stuff. it's not for everyone, i like the gambling/speculation aspect of it. get a rush out of it for sure. obviously not sound financial advice, lol.
  4. this is getting unwieldy. i was responding to Fudge nugs about passive income i was earning on another coin. i never said it was BTC and stated it was on the eth chain. Then you jumped in harping about pump and dump. Then when I explained it was not a pump and dump, you went back to 'yeah, but i was just talking about BTC only' because that fit your narrative and your pump and dump theory was garbage. @longhornmatt no, i am comparing bitcoin speculation to stock price speculation. people can come up with whatever research/fundamentals/charting to justify any position they choose to take on the price going up or down on either BTC or the value of a share. I agree, I own shares in a private company that occasionally returns some dividends. But some others that don't. I won't make any money until the company is bought out, an exit event you might say. Again, there are TONS of passive ways to make money in crypto that do not require selling your initial investment. i literally just posted one a few posts up. The speculation is that BTC or whatever crypto coin will increase in value relative to USD or your fiat of choice. Same as a share price for stock. your (non dividend earning) share of common stock is worthless until you sell it to somebody. you do know that you have to sell a stock (and a 'mark' has to buy it) to get money right? I am not saying crypto is super stable and will be around forever so move your 401K to BTC. i personally don't see too much difference between speculating on crypto and stocks. If you are investing for the long term (not speculating) then that is different. as i said earlier I am not buying and holding crypto but will continue to play in the market. if you think it's scam - cool. idgaf and not trying to convince you otherwise. I just think that 'betting' on the stock market to go up and 'betting' on crypto go up are similar; you need someone willing to pay a higher amount for the price to keep going up. making weekly/monthly buys in the stock market is a far wiser choice, imo, vs doing the same thing in crypto.
  5. who said anything about a pump and dump? i was a day 1 investor for an online game done on the blockchain. that game has its own tokens and in-game currency and they incentivize people who stake and hold as well as provide the liquidity for people to convert USDC and other coins to their game tokens. That has been paying an extraordinary amount from conception to now. I have some that I locked in for a year, so this is far from a pump and dump. The project has grown from 3 people to now employing 20. Can i guarantee that they will have the stability of Lockheed Martin? no, they don't have a DoD contract as far as i know, but i am realistic in knowing that shit happens and it could all disappear tomorrow and have adjusted my risk appropriately. This is what i am talking about. people's bias just makes up their mind for them because everything related to crypto has to be scam because it all just electrons. "prices inevitably plummet because the asset doesn't have any inherent value or use" - That's just a wrong statement as there is use and inherent value due to the game and community that they have built.
  6. i'm earning 4-5% per week on another crypto coin i am in on the eth block chain. do nothing but collect the coin every day and choose to convert to fiat or speculate on if it will go up in price. it's ~350% per year return. will it last a year? who knows but it's an insane return right now and has been for last 6 months. Lots of crypto cexs will let you earn various rates of return 5-20% for just staking your coins. you can earn a % of the fees accrued when people move from one coin to another. There are tons of ways to earn passive income with crypto coins so this is stupid argument yes, what i am saying is not particularly insightful or useful information because i don't care if people think BTC is going to stand the test of time or not. i'm not personally buying and holding BTC even though i think crypto currency will continue to be more and more relevant as time goes on. people saying it's a fraud or ponzi but take stock valuations as the gospel truth just baffle me is all.
  7. not sure how this spun into comparing BTC to a company. BTC and Shares of a company are similar in that you can speculate on them. people have different theories on their value and it's mostly full of shit and both are over inflated. If you can trade BTC for fiat and then buy something with that fiat, then both BTC and fiat have value. But if your McDs generated $7.5 in fiat and suddenly that fiat cannot buy anything of value, then yes it would just as worthless as BTC. again, BTC, USD whatever is worth what people will trade for it. I am not trying to argue anything other than that. people saying BTC is worthless because it doesn't do anything are stupid. At least today it has worth. Does the gold sitting in UTs vault 'do anything'? is is going to be melted down for circuits, jewelry? no it's going to sit there and either go up or down in value based on speculation.
  8. I'll say it again. people can justify whatever bullshit they want to reinforce their beliefs on any subject. does not make them right or wrong because in the great words of Kip Dynamite "Like anyone could even know that" again, you say 'qualities of the asset' which is completely subjective. the consensus will determine how that quality is valued same as anything else bought and sold. lol at markets getting shut down when shit goes sideways and suddenly the qualities of the assets are plunging that were perfectly fine the day before. Then the powers that be just pull the plug and stop trading for a little while until an appropriate press release can quell the masses or poppa gov can bail them out. Yes, investing in companies *sounds* better than investing in electrons moving around the ether but don't kid yourself that both are not pumped up by smoke and mirrors. One has just has the government backing it and making rules to incentivize the masses to participate. i just think both stocks and crypto are speculative and people yammering away on the 'fundamentals' of a certain company or trying to justify a share price are full shit. But i participate in both because it's stupid not to.
  9. i tried to get into sol nfts. bought in to 2 duds right off the bat then just liquidated my sol holding to fiat before it tanked. guess it's a good time to buy back in for messing around with nfts. who are good people to follow on twitter for sol nfts?
  10. it's all (stocks, crypto) different versions of the emperor has no clothes fable. Yes stocks are based on a actual company, but are they worth the implied value, or are they vastly inflated when you look at actual profitability? But if the consensus says that this one is a winner, then it's a self fulfilling prophecy as long as the gov plays along and does not rock the boat. people still speculate and still need marks to buy at a higher price to be profitable. Fomo is rampant and big money influences the trend with buying and selling especially on individual stocks. something is worth what another will pay for it whether it's understood by everyone or not. That's all you really need to know about NFTs in their present form. More akin to people paying $$ for memorabilia or art if a Christie's auction was going on 24/7 and they could insta buy/sell. there could be some neat stuff come out of this. maybe that is worth something, maybe it's not. For speculating in crypto currency, i see no difference vs the stock market. you can talk about that it's a digital asset that is not worth the current price. Well, so is random share in XYZ company where they would need to increase profit by 1000% to justify the value of the share. Both will have buyers and sellers. tldr - people can justify whatever bullshit they want to reinforce their beliefs on any subject
  11. mint 3/15? that's like 6 months NFT time. But thanks for the link!
  12. straight shooter with upper mgmt becoming a cop written all over him he was likely waiting on the dog to attack him; does not necessarily make it a bad shoot.
  13. @Nice Guy Eddie nice pull! i don't know how the whole TS thing works, but it is like opening a pack of baseball cards? I had a moment of brilliance. some random p2e game that was emulating the Wolf Game. bought in at .15 and did not really want to mess with the game as a lot of other copycats had failed big time. So when the floor started ramping up prior to the game launching i exited at 1.2e and then forgot about it. Looked a week later and these things peaked at 9e! doh! I always tell my self to buy 2-3 of each project so you can take profit and still hold it if looks good, but i seldom do it.
  14. This is all you need to know for crypto. it's really this simple. so just figure out what BTC is going to do and you can't go wrong.
  15. it's not about equal access to the land. it was giving all descendants equal say in how things would be run. due to disparity in amount of grandkids, one side would then have more say/power in how it was run when the kids died. or at least that is what i got out of the story.
  16. good discussion. you say it doesn't do anything but then several "but sure"s idgaf either way and don't generally try to sway people one way or another. There is no game changing benefit as of now. nfts/crypto is a way to speculate on the value of something and try to make some $ while getting to see how it evolves real time. Also picking up some very interesting and fun projects along the way. at least in nfts it seems like the game changes every 3-4 weeks. I initially underestimated (frankly did not understand) the social/tribal aspect of using a marquee nft as an avatar because i was not invested in an online presence. a lot of people pay 6 or 7 figures for an nft avatar because it can give them a measure of online credibility and juice their 'follower' numbers just by possessing it. Interesting phenomenon to be sure now that celebs are jumping on board. i did not have jimmy fallon interviewing paris hilton to talk about their nft purchases on late night TV on my Bingo Card, but here we are. I tend to agree about the getting in early hype speech. i have seen so many people try to compare this moment to few months after Al Gore invented the internet as how 'early' we are in crypto. maybe we are early, but shit is moving 1000x faster than back then. Not sure i get the smart contract gas price comment. I mean, at the heart of it it's worth what someone will pay. one of my wallets shows that ive spent ~9eth on gas, so yeah, it sucks, but it was worth it for me. Even L2 chains can get bogged down with heavy use, but projects on those are pretty much free from gas so there are alternatives.
  17. it basically just whales getting greedy. they will push it back up again and more fomo will be created to produce buyers at the top. i would not put anything you ever need to live/retire into crypto but it's worth speculating into, imo. just take profit when it's there, lol. I am like 95% in cash but will get back in for the ride up. i don't know about that. i'll just say that the blockchain allows for different structures than what was available. legal or not, web3 allows for instant VC money to pour into a project and record who owns what. yes, some of projects are animal cartoon jpgs or outright fraudulent money grabs, but others are funding some interesting ideas (gaming, fashion, gambling, defi, art, music) that might not ever see the light of day. But at the end of the day, it's mostly another speculative market that people are playing to try and make more money.
  18. yeah, with only 13 seconds left AND 3 TOs, the D should not give a shit about keeping the WRs from the sidelines and just line up over them like normal and then start backing up prior to the snap. Wasting 2 players guarding the sidelines was stupid in that situation. Maybe if KC had no TO, I could see it, but with 3, there was no point. The clock is stopping after every play so if they want to throw a 10 yard out to the sidelines to save a TO it's still 4 seconds off the clock and only 10 yards. earlier in the game KC had run a similar formation and used Hill as decoy as he stopped underneath and they hit the receiver at the next level as the defenders reacted to Hill so maybe they were more scared of the deep ball, but Hill with the ball in space is about the scariest thing a Defense can encounter. Hell of a game to watch. was kinda rooting for the Bills to move on.
  19. yeah, i'm still waiting it out. buying the dip is cool and all, but not sure we ready to pamp yet. whales are merciless and probably a pump to clear out some shorts. geez, a single account just sold ~60eth of Looks right when it got up to $4. but it's been holding out pretty well tbh.
  20. took about 5-6 days to be back to 100%, but everything was mild even at that. cough on last Mon. thought i had sinus inf and home tested + on Tuesday. Wed and Thursday had the covid fog and still stuffy nose. Friday fog was gone and cough was gone. Sat/Sun felt pretty good and tested negative on Sunday.
  21. how long before that is in the Xgames or possibly the winter olympics if they use a snowmobile?
  22. yikes. i closed my Luna position around lunch and sitting 100% in fiat for now. RIP all my NFT eth fun money though. Still have degen defi plays working as well.
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