Bitcoin Forum
May 19, 2022, 07:06:45 PM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 »
1  Economy / Collectibles / Re: [Biggest Loser Raffle] 1oz .999 Silver Bitcoin Binary Round on: October 20, 2021, 03:09:26 PM
d please!
2  Economy / Collectibles / Re: (NFT'S) Anyone want to comment on them? on: October 16, 2021, 08:56:01 PM
IMO most NFTs are the definition of an overhyped fad that will not end well.. To me they are like zero utility alts, master-nodes, and current DeFi projects..they are mostly riding off the bitcoin/blockchain hype since everyone and their mom now wants in on crypto something but aren’t sustainable long-term. I mean most of it  doesn’t make any sense really. Why would you pay all that money for weird pics that do absolutely nothing, or art that will just sit on your wallet that you’ll never look at until you go to sell them. I bought a few NBA Top Shot NFTs and wow, what a joke, The question I always ask myself with crypto stuff is what do the cypherpunks think..I believe they see NFT value in spaces such as proof of ownership that’s easy to transfer and safely stored..home/car titles, marriage license storage, ownership for gamers that they can move from one platform to the next etc.

For me I can’t help but think that most of these projects were wasted time spent to make money off hype/fads when it could have been spent trying to build Satoshis proposed no-3rd party escrow project utilizing smart contracts, or a better lightning network alternative etc.

While many will turn out to be nothing more than useless JPEGs, many won't and a lot already offer a great deal of utility simply from owning the NFT. How will you know the good from the bad if you ignore the space entirely? Where are all the people that dismissed bitcoin as an overhyped fad ten years ago? Poor I'd imagine. Remember, at the peak of the 2017 bull market, one could have easily argued that Bitcoin was an overhyped fad. Because, at that singular moment in time, it was. The world and the market weren't ready to accept Bitcoin at that time. But those who ignored the noise and held on are wealthy today.

Like any new business each year, thousands will fail, but some will succeed. And the ones that do.....
3  Economy / Collectibles / Re: (NFT'S) Anyone want to comment on them? on: October 16, 2021, 04:52:05 PM
There's so much positive commentary on NFTs here, so I'll offer a contrary opinion...

NFTs are currently extremely overhyped and even more extremely overvalued.

First off, NFT = Non-Fungible Token. One of the largest value props of Bitcoin is that it's fungible. One sat is worth just as much as the next sat, and the network doesn't discriminate. With NFTs, you're creating tokens which each have a distinctive, subjective value, rather than a more widely agreed upon objective value, determined from multiple global exchanges.

Nothing wrong with subjective value. To some degree, most value is subjective, but I feel like people are investing in these non-fungible tokens as if they were fungible.

The value of holding a token which is tied to some other object, whether it be physical or digital, makes very little sense to me. Okay, so you're the owner of this particular digital image because you hold the private keys to a digital token linked in some way to the image. What does that do to you? What extra satisfaction is there for the key holder?

Compare this to an original painting that one has physical possession of. The painting itself has value over a digital image of the painting for several reasons - it's a physical object, and more about the painting can be appreciated because of the nuances that can't be replicated with a digital scan - the feel and visual texture of the medium, how it looks at different light angles, etc. This I can understand. But the digital image is something so cheap with modern technology that it is indefinitely replicable for a cost that is very near zero.

Disclaimer - I bought a bunch of rare pepes back in 2017 because it was novel and fun, and a good network stress test. Though why people are willing to trade large amounts of real BTC for these digital tokens is beyond me. In pre Bitcoin world, it would be like trading a bar of gold for Pokemon cards - sure, you might get lucky, and get some valuable card you can pass off to someone else, but fundamentally it's trading real wealth for more subjective, imaginary value. Part of me feels bad when I sell a Pepe card for BTC. And I would never be buying Pepes at these prices.

NFTs may have a place in the collector's world. But this initial hype doesn't correlate to the "value" offered by corresponding digital tokens. From my perspective, this is a giant money grab from both artists and speculators looking for another way to cash in from noobs caught up in the current crypto hype cycle.

That being said, I'm all about the free market, and other people's choices are ultimately none of my business. The above is me thinking aloud and voicing my opinion. Happy to hear from people as to why NFTs give them value, or other arguments as to what justifies the current hype.

I think you're allowing the genuine examples of hype and overvalued NFTs to cloud your view of the use cases that go far beyond digital art. There are indeed many overhyped projects and those are the ones that make headlines because people love to hear how someone paid a million dollars for a jpeg. These are the NFTs that offer no utility beyond a digital flex of wealth as one's profile pic. My unsolicited advice would be to make sure that the noise doesn't prevent you from missing the true value here. In my personal opinion, the value of NFTs is not so much in digital art (with art being so subjective, it's nearly impossible to say what the value should be), but rather in the realm of online gaming and access to unique events or clubs. To see this, one needs to look no further than what is already happening in gaming with people purchasing downloadable content (DLC) like skins, mods, digital items, etc for use in-game. This is happening right now to the tune of millions of dollars being spent in fiat currency. Now imagine what happens if you make that content as an NFT instead and remove all barriers to the free and open cross-border exchange of these items on the blockchain.  Also, consider that there are a multitude of projects today that already use the NFTs as keys or tickets basically to access special content or events that would otherwise be inaccessible.

Additional use-cases I see are news organizations using them to digitally sign a video as authentic in an era of deep fakes being rampantly spread. A photographer could use an NFT as a digital receipt to allow the holder to possess commercial reuse rights to that image. There are many many more likely use-cases that I am not even considering. NFT art is simply the tip of the iceberg. Personally, I think that yes there will be a bubble pop for NFTs as art similar to what happened with the dot com bubble pop in the late 90s. But what happened after that pop? Did the Internet go away? Nope, instead, when people looked away the development continued behind the scenes until the world was ready for the ideas that people had a bit too early in the 90s. I see the same thing happening for NFTs.

The fungible vs non-fungible point you make is valid. In the NFT space, you need to realize that the market is highly illiquid compared to the trade of fungible tokens as a result of their uniqueness. That doesn't mean they aren't an incredible opportunity for massive gains, just invest accordingly per your risk tolerance and understand that most NFT projects are like investing in a new startup company so do your due diligence as with any investment.
4  Economy / Collectibles / Re: (NFT'S) Anyone want to comment on them? on: October 08, 2021, 08:42:35 PM
I'll repeat my comment from another thread regarding Cardano NFTs (CNFTs):

The space is still nascent compared to ETH NFTs, but with dramatically lower fees than ETH (typically .17 ADA).
You can find the main secondary marketplace here (admittedly a work in progress): https://cnft.io/.
Others include https://tokhun.io/ and the promising (but currently unreleased) https://exnft.io/

Ideally, you want to get in at the initial drop level, not the secondary market if possible. You can find info on drops here: https://www.wencnft.com/

You can see analytics on projects to discover good ones here https://opencnft.io/ and here https://cnftanalytics.io/
You can also find rarity information on many projects here https://cnft.tools/ and here https://www.tokenref.com/

You will want a good ADA wallet as well. I connect my Ledger to https://ccwallet.io/ but another popular one is https://yoroi-wallet.com/. You can also run the full node official Daedalus wallet if you like https://daedaluswallet.io/.

My experience is mostly with the Cardano NFTs, though I have a small handful of ETH NFTs. I personally lean more towards NFTs that come with additional utility such as in-game advantages for those that will be used in future games, or those that unlock access to additional opportunities. Much to my chagrin though, the NFT projects that tend to moon are the ones that can be used as profile pics since people like to use them as digital flexes of wealth. Very popular Cardano projects that fall into that category are:

1. SpaceBudz https://spacebudz.io/
2. Clay Mates https://www.claymates.org/
3. Yummi Universe: https://yummiuniverse.com/

My personal favorites are:

1. Cardano City: https://cardanocity.io/
2. Cardacity: https://carda.city/#home
3. Hash Guardians: https://hashguardians.io/
4. Cardano Keys: https://cardanokeys.com/

To view CNFTs once you have them, go to the following link and add your receiving address to the end of the URL: https://pool.pm/
5  Economy / Collectibles / Re: Kialara New Release- Silver Series, 2021 – ‘Exogenesis’ (SOLD OUT) on: October 07, 2021, 06:06:33 PM
Received mine today. Thank you Max! This is beautiful...and heavy wow! Love the quality and the holo.


6  Economy / Collectibles / Re: [SOLD]PR1MAL CYPHER & CI NFT Coins on: October 06, 2021, 10:45:44 PM
Got mine today! Both the coin and the NFT look badass. Thank you!



7  Economy / Collectibles / Re: FREE RAFFLE- MyBitcoinMint Silver round on: October 05, 2021, 02:52:39 PM
77 please! Thank you!
8  Economy / Collectibles / Re: [INFO] Digital Collectibles on: September 30, 2021, 03:01:07 PM
Man, I wish I had paid more attention to this post when it was made.  I figured NFTs were a passing fad, along with DeFi, but so far I've been proven wrong.  I've even put together a couple NFT collections myself as a learning experience and really enjoyed it.  I look forward to continuing to explore what's possible and finding some other NFT collectors in this community who may be able to teach me a thing or two.  If you're into NFTs and are a positive member of the community, feel free to reach out.

I can share what I know about the Cardano NFT (CNFT) scene that I'm heavily involved in:

The space is still nascent compared to ETH NFTs, but with dramatically lower fees than ETH (typically .17 ADA).
You can find the main secondary marketplace here (admittedly a work in progress): https://cnft.io/.
Others include https://tokhun.io/ and the promising (but currently unreleased) https://exnft.io/

Ideally, you want to get in at the initial drop level, not the secondary market if possible. You can find info on drops here: https://www.wencnft.com/

You can see analytics on projects to discover good ones here https://opencnft.io/ and here https://cnftanalytics.io/
You can also find rarity information on many projects here https://cnft.tools/ and here https://www.tokenref.com/

You will want a good ADA wallet as well. I connect my Ledger to https://ccwallet.io/ but another popular one is https://yoroi-wallet.com/. You can also run the full node official Daedalus wallet if you like https://daedaluswallet.io/.

My experience is mostly with the Cardano NFTs, though I have a small handful of ETH NFTs. I personally lean more towards NFTs that come with additional utility such as in-game advantages for those that will be used in future games, or those that unlock access to additional opportunities. Much to my chagrin though, the NFT projects that tend to moon are the ones that can be used as profile pics since people like to use them as digital flexes of wealth. Very popular Cardano projects that fall into that category are:

1. SpaceBudz https://spacebudz.io/
2. Clay Mates https://www.claymates.org/
3. Yummi Universe: https://yummiuniverse.com/

My personal favorites are:

1. Cardano City: https://cardanocity.io/
2. Cardacity: https://carda.city/#home
3. Hash Guardians: https://hashguardians.io/
4. Cardano Keys: https://cardanokeys.com/

To view CNFTs once you have them, go to the following link and add your receiving address to the end of the URL: https://pool.pm/
9  Economy / Collectibles / Re: Where did all the OG collectors go? on: September 18, 2021, 02:54:43 PM
The collectors who want to be OGs these days should be looking into NFT collectibles. I think loaded coins are cool, but they’re a bridge from the physical into the digital world. NFTs are the next step off that bridge and into the metaverse. Some really cool things being done around the sandbox project. NFT communities also remind me of the early days here, with talented individuals passionate to work together in a positive environment to build cool things.

Where can we find NFT community's?

The CNFT space (Cardano NFTs) is exploding right now. I strongly recommend that collectors don't sleep on it. Still nascent compared to ETH NFTs, but with dramatically lower fees than ETH (typically .17 ADA). You can find the secondary marketplace here (admittedly a work in progress): https://cnft.io/.

Ideally, you want to get in at the initial drop level, not the secondary market if possible. You can find info on drops here: https://www.wencnft.com/

You can see analytics on projects to discover good ones here https://opencnft.io/ and here https://cnftanalytics.io/php/legacyProjects.php/

Most of the projects have vibrant Discord communities listed on their websites. It is very easily possible to 10x your money if you get in at the drop level on good projects.

Okay, I'll shut up now.... Smiley
10  Economy / Collectibles / Re: [SALES OPEN]Bitcoin Attack "A Cryptocurrency story" - 12 left on 100 Editions🚀 on: September 17, 2021, 01:41:47 AM
I received my book today! Wow, such nice quality! Cover is smooth to the touch, and the paper very thick. Love it! So honored to be included on the back cover. Thank you! One day someone will write of the years that follow and your work will be included in it!






11  Economy / Collectibles / Re: [FREE RAFFLE] 2nd 1HoDLCLUB Free raffle / 3 lot ! Memberships and Book ! on: September 16, 2021, 01:55:23 PM
#01 please! Thank you vey much!
12  Economy / Collectibles / Re: [INFO] 1HoDLCLUB Bitcoin Casino - BTC Collectibles - Q4 2021 🎰 on: September 16, 2021, 02:39:59 AM
Hi everyone ! Hope you'all are fine !

Just to informe you that i receive a photo from factory for Face hologram of poker chips, maybe if you look good you can see your user name  Shocked Grin

Twitter photo : https://twitter.com/MrCryptHODL/status/1438021107983032325?s=20

So now, i'm waiting for Face and rear holo and i'm gonna start the sale of Clay Solo poker chips, i'm waiting quotes for the box too to start as soon as possible the rolls sales !

it's confirmed mid october i gonna receive all the Golden Brass chips, holo for gonna be here before btw !

Sorry if there is some delay with release date, but production of all this collectible take lot of time and money, i have lot of time but and i don't have money printer  Grin

Btw i want to thanks all people who get his Memberships ! Really appreciate you'all support and trust !

It is thanks to your support that such a great project has come true!

Looking good! Wow, I do see my username. That's so cool!
13  Economy / Collectibles / Re: [AUCTION] Rare 2012 5 BTC Casascius Coin (Nasty Mining Hybrid Repackage 1 of 20) on: September 01, 2021, 03:41:40 PM
0.002 BTC
14  Economy / Collectibles / Re: [Auction] LOT 1: Roll 20 Alpen Coins ➕ LOT 2: Alpencoin Vreneli 0.001 BTC on: August 27, 2021, 09:10:12 PM
LOT 1: .002 BTC
15  Economy / Collectibles / Re: [Auction] Goxxed for the last time - Silver (Serial #008) on: August 25, 2021, 08:09:04 PM
.003 BTC
16  Economy / Collectibles / Re: [WTS]PR1MAL CYPHER & CI NFT Coins on: August 25, 2021, 03:08:09 PM
I'll take one!
17  Economy / Collectibles / Re: BCmint.com Physical Bitcoin updates August 23 on: August 23, 2021, 02:02:00 PM
The coins are great! I've enjoyed giving these to people as gifts (perfect price for that). They're very large with a good weight to them. One recipient commented that they didn't fully understand Bitcoin until they held one of these in their hands and the physicality of it made it click for them. Here is an image of the back of a 2021-A coin. I like the cleaner look of the 2021 holos.

18  Economy / Collectibles / Re: Balletcrypto new additions to PURE series on: August 20, 2021, 08:52:55 PM
Cool! Thank you!

A goal of only $100? Interesting marketing technique.
19  Economy / Collectibles / Re: Kialara New Release- Silver Series, 2021 – ‘Exogenesis’ on: August 19, 2021, 08:29:00 PM
Only 3 left! Don't sleep on this if you want one!
20  Economy / Collectibles / Re: Kialara New Release- Silver Series, 2021 – ‘Exogenesis’ on: August 10, 2021, 08:14:57 PM
Picked one up! Thank you for the post, would've missed it otherwise! These look fantastic!
Pages: [1] 2 3 4 5 6 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!