The exact reason why Bitcoin dominance is dropping is because it is not growing as fast in market cap as all altcoins (tracked by CoinMarketCap) combined. Outpacing the totality of all other crypto seems to be a heavy responsibility to bear at this point.

I have two different takes for this, so let's do both, because why not:


Not in a way that would lead them to be included by CoinMarketCap. Let's drop everything but the top 100: how long before the sum of the market cap of those 99 other coins surpasses that of BTC? If you look at the general trend of things, not too long. And who cares? It is symbolic more than anything -- the rise of altcoins into their own (most of them won't make it ofc). If it is "extremely easy" to do this, you should go ahead and do it.


Well, that's how Bitcoin got started.

Why would people use a wallet if there's a chance it could take and hold your coins, for who knows how long? Makes no sense to me as it defeats the purpose of having a wallet. It really doesn't matter if they are doing what they do for KYC/AML compliance or whatever, it doesn't make sense to keep coins there if that's all you are doing. I get maybe its a matter of convenience for some, but people should learn a bit more about how to self-custody rather than risk interrupting their wealth.

I thought this was an account of somebody who has been banned, but its actually the alt of a translator who has already been busted for crappy translations. I present to you

rezaanahviII

A storied trust history of deceit:




They are connected by this ETH address.


The address was provided on an airdrop spreadsheet under the Bitcointalk username "reezana" (misspelled on the spreadsheet).

So it actually is a case of ban evasion, but the evidence connecting rezaanahvi and rezaanahviII must not have been very solid.    

---

Oh, when I saw your avatar I momentarily thought I had been hacked, even though I saw it already, and I haven't worn that picture for months.

I don't think so, unfortunately. It's not a very good look is it.

It's coming, someday soon I imagine. They created an official WAX account a week ago:

https://wax.bloks.io/account/mlb.topps

Here's Topps' announcement of the initial Garbage Pail Kids release, from last year:

https://www.topps.com/blog/the-topps-company-partners-with-wax-to-bring-garbage-pail-kidscollectible-cards-to-life-on-the-blockchain-.html

They've released 5 additional GPK series after that. The most recent is something called "Food Fight", the most interesting thing about it is each physical pack includes a little redemption voucher for a WAX GPK NFT... Or maybe you have to collect a bunch of them to get 1 NFT. Something like that. Anyway, it's a way to introduce WAX to a whole new audience, including Walmart and Target shoppers, which is why its my favorite altcoin as of late.


Unfortunately this is also true. I'd love the parade to go on forever, but it won't, and when the music stops, it's gonna take everything decent down with it. The good ideas will eventually rebound; they usually do.

Not going to watch the video, but in my experience when a YouTube video begins with "The TRUTH About...", its usually the exact opposite.

Are you sure you're not actually just being an attention-demanding child? That's what it seems like to me.

How is leaving me negative feedback for plagiarism "benevolently trolling"? Seems like just trolling.

Stop harassing me.

He's not talking about Bitcoin vs. Ethereum tokens, he's talking about why NFTs are launched on Ethereum as opposed to Bitcoin.


You can add smart contracts to Bitcoin, people have been doing it for years, and the first NFTs ever were minted on the Bitcoin blockchain.

You don't need 1000 BTC in order to enjoy NFTs. There are thousands of NFTs that are quite cheap. If you enjoy the artwork or care about the brand - anything from Rare Pepe to CryptoKitties to whatever the latest thing is - I'd say that in itself is a decent enough reason to jump in.

Meni Rosenfeld's paper on the subject is one of the most brilliant bitcoin documents since the white paper -- it pretty much paved the way for the tokenization of cryptocurrencies. The Mastercoin white paper predates it by almost an entire year, but that was before my time and not really that impactful (outside of Tether, of course).

Nobody mentioned the main reason why nobody uses OMNI or Counterparty anymore, and that is because it is far too expensive to transact on the Bitcoin blockchain, unless you are creating orders hundreds or thousands of dollars in size. Kind of defeats the purpose of tokenizing something.

Somewhat ironically, it's now too expensive to transact tokens on Ethereum as well, so a lot demand is spilling into L2-oriented chains like Polygon, Binance Chain, etc.

I think Counterparty would still serve perfectly well for tokenizing more expensive things like real estate ownership, but the exchange (the world's first DEX, unless if that was NXT) would have to be readily re-creatable in case the counterwallet servers go down.

Take a gander at the OG NFTs, Rare Pepes, hosted on Counterparty:

https://rarepepewallet.com/

I think the broader lesson experienced was that NFT collecting can be fun. If you approach it from that perspective - that you are in it to have a fun time doing it - is it really so bad? The philosophy applies to the entire realm of physical collectibles as well: there's a lot of hobbyists who are simply into it because they enjoy doing it. If you're in it for the pure sake of making money, you may end up disappointed, especially if NFT prices are in a bubble, which they largely are. The technology and concept will remain standing long after the bubble bursts.

Ban evasion

noope, they are all liars. sorry to tell you.

WAX was initially created with in-game items in mind (specifically skins), but they found that using Ethereum simply wasn't practical as nobody is going to trade a $2 item with a $1 transaction fee (these days its $20). So they forked the EOS blockchain and repurposed it with NFTs in mind.

Over the last year I've watched a few daring physical collectors cross over into the NFT space, starting with Topps launching the Garbage Pail Kids series on WAX. Most diehard GPK collectors could care less, but there is a certain percentage drawn toward the idea of digital collectibles.

This market will be amplified significantly when Topps releases their baseball cards, as that is a huge audience. Previous Topps Digital releases sell out in minutes. The demand is there.

But on top of all this, I do believe the NFT market in general is in a bubble. When it will pop, nobody really knows. After that point, we'll see which NFT-related business was meant to survive.

Here are the "Top Bitcointalk fNFT Brands"... the top 25 members by total sales of NFTs made of that member:

Member	Total NFT Sales
sabotag3x	16165
theymos	10654
Pieter Wuille	8600
nanotube	7800
mprep	7667
Matt Corallo	7000
teeGUMES	6247
LoyceV	6192
lcharles123	6179
EFS	5995
LFC_Bitcoin	5639
Silberman	5455
DroomieChikito	5363
DdmrDdmr	4636
janggernaut	4577
BayAreaCoins	4576
JayJuanGee	4294
hahay	3980
Jawhead999	3728
gmaxwell	3650
NeuroticFish	3647
Mauser	3461
coblee	3389
geophphreigh	3375
fillippone	3281

Wonder if that includes my coblee-III or not.

Hate to break it to you but I never read your posts, nullius. Any time we engage its because I'm responding to your attacks on me and correcting your outright lies. I'm not some bounty hunter who can't form an original thought, and I won't get paid for it as its past the 5th page in that thread (campaign condition). So why would I plagiarize your post?? Do you honestly believe you were the first and only person to notice the highlighted coincidences?

edit for some evidence from the defendant:

only 2 of the 4 items are similar observations ✔
I used a different type of checkmark ✓
go fuck yourself nullius ✅

Anyway, congrats to Foxpup. Definitely reaped the benefits of some successful branding. Here's the top 20 by end fBTC total:

Username	User ID	End fBTC
Foxpup	55384	11707
gmaxwell	11425	9989
mprep	51173	6271
sabotag3x	846936	5729
Karma24	2931165	4484
theymos	35	4064
philipma1957	64507	3945
nutildah	317618	3556
Elwar	554	3542
bL4nkcode	765632	3261
Bitinity	449846	3081
trendcoin	1367217	3000
hahay	359658	2930
Dabs	54791	2673
sapta	347141	2650
Stunna	81292	2450
FinneysTrueVision	2434463	2100
mole0815	1424178	1935
yxt	23810	1890
tg88	1112094	1888

edit: rugpull'd. aww are u serious? Oh well, first one who wants this can have it for free, make your own NFT out of it.

Hot Off The Press:

It's the world's first animated Bitcointalk fNFT:

nutildah-V



Here's a link to the video file so you can witness it in its full 9.36 MB glory:

https://i.imgur.com/dmzUmpU.mp4

As with the others, the owner of this NFT has the rights to use this image however they see fit. But if you use it without owning it, I'm going to sue your balls off. My people are quite litigious I'm afraid.

Because I'm readily willing to put money above pride, I've reduced the price of this one-of-a-kind original by almost 40%, from 6969 to a never-before-seen low price of 4200.

Buy my NFTs and stop being poor today!

It adds an interesting, random effect to the valuations of fNFTs.

The numbers have to do with account age + activity, I would imagine... Hard to say for sure. But its fun and I'm not stopping until I reach 10,000 BTC, then I'll retire.

Buy my Charlie Lee, its on sale at a steal. Theymos owns the only other one I've seen.

This is one of the most common criticisms of NFTs, but is there actually any data to back it? I don't mess much with Ethereum-hosted NFTs as the data that makes them unique and gives them value is often stored on private servers (as opposed to decentralized ones), but the collectors I know who are into digital collectibles are in it for the value, and because they see potential in it. A far more realistic problem is people selling NFTs back and forth to themselves in order to create artificial value.

What's struck me as a touch ironic is that bitcoiners are criticizing NFTs for the exact same reasons nocoiners criticize bitcoin:

"Anybody can make one." ✓
"It's a bubble and a fad that will never catch on." ✓
"It's a highly illiquid market, or else it's all wash trading." ✓
"Its only used by money launderers and criminals." ✓

What am I forgetting?