That's just way too irresponsible gambling for my taste. Risking capital of 1.4 million for high possibility reward of $11200 shouldn't be worth anyone's time. Changes for losing that are pretty too darn high for a 1.4 million bucks if you ask me.

Even if you make a 1.4 million per month from what ever job you have, it would be risking one month's salary. And it just gives me another question. Why would anyone making million per month risk anything for maybe winning $11200. How much that gambler really needs that money?

Binance has been being regulatory compliant all along so it makes me think what's the boost here. Maybe they provided more access to Polish regulators for catching Polish Tax avoiding citizens to get to be "fully" compliant. Taking credit of not being an illegal operation these days however is just weird PR amd tells a lot about how things used to be. I know that working with regulators goes still against for many crypto libertarian ethos but it's the only way forward (and to avoid jail).

Ok i'll tell you it was a stupid question. They are not building same things so they are not in competition with each other, even though some maximalists like to think so. If you are talking in terms of marketcap, flippening at some point is possible, but it hasn't happened yet and ETH has been way more sensitive to any fud out there. And more importantly BTC leads the price movements. That should tell you enough about it.

You shouldn't really compare Fungible tokens or coins with non-fungible tokens. They serve a different purpose. Like comparing stamps to fiat money.
And i don't see it's NFT's "turn". NFT can coexist with fungible tokens, they are not fighting for the same space.

First we would need to understand why people view scarcity valuable in anything culturally semi important, then turn that scarcity to digital scarcity and you have your answer.

But what do you mean by not being verified or protected? Their whole deal is selling collectables with an easy verification. That someone is stealing art is more of copyright issue, not the NFT issue.

Flipping physical collectables in ebay means you would need to be sure they are original, how are you going to do that? You need just trust the seller, you can't check the smart contract being correct one. Not to mention you would need a dry storage space to store them.

With nfts it's impossible to sell digital counterfeits that could be confused to be part of the original collection. You can sell copies for sure just like in ebay you can sell cheap chinese knock offs but no one wants to buy those and you could check them way more faster then physical copies.

I guess your question should be why price of altcoins is high as this is all about concept of digital scarcity.

Marketcap of BAYC is around 1 billion dollars while marketcap of doge is 11 Billion dollars. So maybe better question is why dogecoin has over 10x value to the biggest NFT collection out there. It doesn't even have links to pictures attached to the tokens .

From what i know all these adoptions are still in pilot program stage and that's really far from adoption. Most companies have ton of different pilot programs that doesn't really go anywhere. They are just testing new ways to save money and being more efficient which is something most big companies should be doing in order to grow.

But if you know something that i don't, please share it.

What's the reasoning you need to understand? You just said what the reason was and every sources you link say the same thing. Well that and tax crimes but that goes without saying.

But as you are saying "allegedly", i would argue that it's pretty much sure thing they are guilty. You don't make joint operations of 300 people of agents, police and prosecutors raiding a place if you aren't sure what's going on.

I don't want to rain on your parade but you can't really adopt something that isn't ready yet. Remember what happened to The McRib NFT? Neither does anyone else, yet people were calling that adoption. And now they are making more?

So far collectables have been about scarcity, community and art. If a Coca-Cola makes generic advertisement poster and brings one of them to Louvre museum as an art, that isn't art being adopted, that's corporations advertising and trying to ride with a wave of the trend they don't fully grasp or respect. Adoption happens when there would be actual use cases for corporations. McDonald NFTs make me think low quality happy meal toys without any scarcity or class.

I meant that it was meme that markets went down every time China "banned crypto". Somewhere right when i started crypto, they banned banks from crypto transactions, price dumped and headlines said that china banned crypto. 2017 they banned ICOs (China bans crypto again). 2019 they labeled mining as undesirable industry. 2020 they went for OTC crypto traders. 2021 they banned crypto trading and mining. And now that i am googling apparently they unbanned trading again: https://techstory.in/chinese-court-unbans-crypto-trading-but-theres-a-catch/

If my memory serves me correctly, india has done some banning and unbanning too.

India can't make their mind, they are like a new China.

In 2019, they banned crypto and by breaking the ban you risked imprisonment of up to 10 years.
Next year (2020) they removed the ban. They really don't know what they are doing.
Imagine getting sentenced 10 years in jail and next year you hear that what you did would be legal now, and after 3 years it would be illegal again

Define good future? I think so but i am not measuring good future in terms of profits.

You are the one making decisions. Just don't make those decisions for your family or friends by investing their money. As you obviously have no idea what you are doing.

POS isn't really tested out yet on such a big scale. And new tokemonics could bring results we haven't really calculated. There could be new exploits bringing it down.


Because it has the biggest marketcap. Marketcap = circulating amount of tokens * value

Exploring possibilities of bitcoin? Possibilites like not having a change to print more money as a buffering system to protect governments from catastrophes?

Just because bitcoin would be a tool for you fighting against inflation doesn't mean it would be such for any government. At the moment it's too volatile for any government to take a risk even investing into it. And inflation isn't really a problem as long as it stays in control and don't spiral out of control. It's only problem if you think fiat money as long time storage for wealth, which it's not. It's a tool for transactions and with a high liquidity and being not so volatile it's a good tool for that.

No i don't mean that software itself can be harmful, this is more threat to inexperienced users whee they give access to your computer by social engineering. If you know what the program is used for you obviously would't give an access to anyone. But scammers are always targeting the weakest, uninformed, not tech-savvy people they can manipulate.

I was referring to these guys and tactics they are encountering: https://www.youtube.com/c/ScammerPayback/
Watching them will be worth the time as they often are hilarious and contain so much scammer tears.

Yep, ETH tokenomics turning deflationary wasn't in the calculations. It baffles me that people think project with nearly 200 billion dollar martkecap would have a development team that wouldn't do careful calculations on their tokenomics game theory. That they would push out something poorly planned without enough incentive for people to secure their chain.

Yeah, i understand that he is one of the founders it but it doesn't change what i said. I just think that people have been overestimating his skills as somekind of renaissance man. He has however lots of funds to hire talented developers for him. And i know for a fact that some of the most talented ones have rejected his offer of ludicrous amount of money because they see his goals uninspirational and even futile.

I didn't see this coming either and don't know how what to think about it yet, but they are clearly referring to research data not made by them so how is it Biden administration's culture war?
Saying they aren't that dangerous could be said about anything if you are not comparing it to anything or looking at research.

https://www.mdpi.com/1660-4601/20/1/75
https://pubs.acs.org/doi/10.1021/acs.est.1c04707
https://time.com/6223219/gas-stove-leaking-benzene/

Is your argument that why isn't heated food banned if gas stoves are?

No, eth has ton of development too and truth to be told Charles Hoskinson doesn't seem that smart. I mean he is smart but compared to ETH dev team he seems like he has impossible mission ahead him.
Ad then there are the devs, ETH has the lead and devs who want to make money stay on the chain that has most users for their tech.

ADA and almost every altcoin out there has been predicted to be an ETH killer, but somehow people don't understand that eth doesn't need to be killed. If someone has a new approach they can just do that. ETH and BTC can live side by side as they are not killing each other. They are doing somehing completely different. So it should be with newcomers. They should be fixing something ETH or BTC isn't fixing. Visionaries are building new things. They aren't next anything, they are themselves that others want to be next.

No alcohol
I make hasty decisions if i am not sober and if i have taken any alcohol i stop being realistical, i don't feel fear and make huge risks just to feel more rush.

Long walks
I need to cool down if i have lost money. Even when i am playing for fun it gets on my nerves and i end up playing like a lunatic if i don't cool off.

Don't play more money have originally planned to
I always keep a strict budget that i follow all the time. I don't play more this week by telling myself i am using next weeks budget or something like that. Not even if there would be sure bet would most likely win.

Having other activities i can replace gambling with
I have a hobby that has nothing to do with gambling and i fill rest of my week with that if i have used my budget for that week. One of the hobbies is gaming with my pc. It's so close to the feeling i get from gambling that i mostly do just that. Or if i want to test new slots or something, i am doing that with play money.

If someone figures that out, i would like to know. There are ton of different theories but i am guessing it's the one i haven't yet seen. I would like to think it was time, or that this is correction for dumping so fast, but i don't think you can justify this hope and trust on the markets just by technical analysis. Fundamentals on the other hand didn't make any sense to me either as i was probably following wrong ones as i can't figure out major bullish triggers. There were only bearish triggers that are obvious for anyone following the markets.

Mine is combination of lifestyle and that i am neuroatypical, Weirdly i could have been rich ages ago even though i didn't have a job but i did't follow trough my plans of hodling or even getting out in time.  just kept my lavish lifestyle until i couldn't afford it. I had fun but i guess having financial freedom right now would make up that if didn't have fun and just saved my money.

But i have no regrets, i just hope i learned something. Regretting selling eth, bnb and bitcoin so early could drive me mad if i let it bother me.

Sadly i get the feeling of copy of the copy of the copy.
Adding a cigarette to some nft collection that already exist doesn't really signal any effort or that you are being serious and had big plans for this. ( i am assuming that you took the apes from somewhere and modified as there are ton of these pixelated punks and apes, if you didn't please do correct me.)
 
At least you aren't using midjourney so i am giving points for that, AI art is currently lowest effort of them all and for some reason EVERYONE wants to try it and flood the markets with it..