NZGames.com Forums
Register FAQ Calendar Mark Forums Read

Go Back   NZGames.com Forums > General > Technology & Troubleshooting
User Name
Password

Reply
 
Thread Tools
Old 8th March 2021, 08:41     #561
Ajax
Architeuthis
 
I'm sure they're all well-aware and are busy recalibrating their Willy bots right now.
  Reply With Quote
Old 8th March 2021, 08:44     #562
Ajax
Architeuthis
 
I've seen a lot of stupid shit over the years in crypto, but the current NFT trend has got to be the dumbest fucking thing ever
  Reply With Quote
Old 8th March 2021, 12:23     #563
Nich
 
NFT makes sense to me for:
- Gaming collectables (WTS: Diablo II Resurrected Zod Rune)
- Digital art
- Bragging rights on iconic internet events (i.e buying the first ever Tweet)

and I know there are thousands of other applications that I can't even imagine. But that's what understanding Bitcoin and NFTs requires, imagination.

What's stupid is how much these are currently selling for, and that those buying expects to fetch a higher price in the future.
__________________
but what would I know?
  Reply With Quote
Old 8th March 2021, 13:23     #564
Cyberbob
 
Quote:
Originally Posted by Nich
NFT makes sense to me for:
- Gaming collectables (WTS: Diablo II Resurrected Zod Rune)
What's the BTC to SOJ?
__________________
ɹǝʌo sᴉ ǝɯɐƃ ʎɥʇ
  Reply With Quote
Old 8th March 2021, 13:54     #565
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Ab
Wth is eth up to?
same shit, different day...
  Reply With Quote
Old 8th March 2021, 15:15     #566
Ajax
Architeuthis
 
Quote:
Originally Posted by Nich

What's stupid is how much these are currently selling for, and that those buying expects to fetch a higher price in the future.
At the moment the NFT scene amounts to people paying thousands of dollars for pixel art and inane tweets. You pay for ownership but don't get the exclusivity that comes with buying physical art, because anyone can make a perfect copy and display it. But I do like the concept that the original artist can get a cut every time a digital work changes hands.
  Reply With Quote
Old 8th March 2021, 15:27     #567
Ab
A mariachi ogre snorkel
 
...provided you're OK with expending the energy budget of a small country to do it.
  Reply With Quote
Old 8th March 2021, 17:35     #568
Nich
 
This is the current state of NFTs:
https://twitter.com/RudyHavenstein/s...14448432467969
__________________
but what would I know?
  Reply With Quote
Old 8th March 2021, 21:04     #569
Ab
A mariachi ogre snorkel
 
BTC is really struggling to keep its head above 50K USD.
  Reply With Quote
Old 9th March 2021, 10:50     #570
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Ab
same shit, different day...
And again. This is quite a run.
  Reply With Quote
Old 9th March 2021, 11:11     #571
Nich
 
Nasdaq slowly bleeds out, BTC sticking to $50k. BTC is correlated with equities until it isn't.

So long as BTC stays still around $50k, ETH can steal the show. ETH is correlated with BTC until it isn't.
__________________
but what would I know?
  Reply With Quote
Old 9th March 2021, 11:20     #572
Nich
 
Annnd, Boomerberg's most read story is about Ethereum (or "crypto coin" as they call it) , EIP1559

https://twitter.com/crypto_bobby/sta...782464514?s=21

At the end of the year the biggest hype will be around DeFi, however. Maybe we'll have the first ever 24/7 banking/finance protocols running behind a trusted front end like Paypal, VISA, or Mastercard.
__________________
but what would I know?

Last edited by Nich : 9th March 2021 at 11:24.
  Reply With Quote
Old 9th March 2021, 23:19     #573
Ab
A mariachi ogre snorkel
 
All aboard the BNB train!
  Reply With Quote
Old 10th March 2021, 09:17     #574
Nich
 
No FOMO, No trending coins. Give me decentralised projects with full blocks of real world usage.

Binance white paper mentions Ethereum every paragraph. It's proof of stake, with only 21 federated validator nodes (i.e Binance will probably always own all 21 validator nodes). I haven't checked it's on chain stats but the lions share of fees go to the validators (i.e Binance) so Binance can theoretically wash trade at 0 cost to give the appearance of a fully utilised blockchain.

On the otherhand, BNB is a good short term buy because Binance will be the on ramp for lots of normies new to crypto this cycle.
__________________
but what would I know?
  Reply With Quote
Old 10th March 2021, 11:59     #575
Nich
 
Tim Ferriss 504: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant)
https://www.breaker.audio/the-tim-fe...how/e/82676691
__________________
but what would I know?
  Reply With Quote
Old 10th March 2021, 13:15     #576
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Nich
No FOMO, No trending coins. Give me decentralised projects with full blocks of real world usage.
Oh I hear you philosophically. I think Binance goes against the principles that make cryptocurrencies societally important. And its corporate governance seems more than a little shady.

But for many people it's going to be the place they go to trade once they take the Coinbase-style training wheels off, and it's going to be easier and cheaper for them to trade if they have Binance Coin in their wallets, so I think BNB is useful and will be into the future. I took some of my ETH and BTC gains at the peak a few weeks back and bought BNB when I was diversifying a bit. Until last night I'd been wondering if that had been a good move, so a bit of relief today.

Edit - and just like that BNB jumps into the #3 spot by cap. The top 5 are now

Bitcoin
Ethereum
Binance Coin
Cardano
Polkadot


yeah fuck off Tether
  Reply With Quote
Old 11th March 2021, 11:56     #577
Ab
A mariachi ogre snorkel
 
Confession: try as I might, I cannot train my brain to pronounce Ethereum as anything other than "ethəRAYəm"
  Reply With Quote
Old 11th March 2021, 15:05     #578
Lightspeed
 
Thumbs up

Quote:
Originally Posted by Nich
Tim Ferriss 504: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant)
https://www.breaker.audio/the-tim-fe...how/e/82676691
__________________
Stay shook. No sook.
  Reply With Quote
Old 11th March 2021, 17:21     #579
Nich
 
Another use for NFTs:
Social media^H^H^H^H advertising platforms pay to use your data they have until now been harvesting for free.
__________________
but what would I know?
  Reply With Quote
Old 12th March 2021, 09:19     #580
Nich
 
Face melting season incoming.
__________________
but what would I know?
  Reply With Quote
Old 12th March 2021, 11:28     #581
Ajax
Architeuthis
 
NFT sells for US$69 million. The buyer was Justin Sun, the TRON guy.

The auction’s winner doesn’t get much: a digital file, mostly, plus some vague rights to present the image. But Winkelmann expects to work with the buyer to find various ways to display the piece physically, whether that’s on a TV in their house or projected onto “the side of a fucking building” at Art Basel.
  Reply With Quote
Old 13th March 2021, 01:58     #582
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Nich
Face melting season incoming.
Everything that isn’t BTC is curling up in a ball tonight...
  Reply With Quote
Old 13th March 2021, 23:13     #583
blynk
 
BTC is about to break the 60k.
  Reply With Quote
Old 14th March 2021, 14:56     #584
Nich
 
BTC futures stuck at $57k until Monday. They gonna get serious whiplash at the opening bell.
__________________
but what would I know?
  Reply With Quote
Old 14th March 2021, 15:47     #585
Ajax
Architeuthis
 
Grayscale BTC premium consistently into the negatives for nearly all of March. Little organic demand, mostly USDT pumps. Buyers trapped and can't get out.
  Reply With Quote
Old 17th March 2021, 10:33     #586
Ab
A mariachi ogre snorkel
 
Cardano go zoom.You don't often see a top 5 coin jump 20% in a day.
  Reply With Quote
Old 17th March 2021, 11:55     #587
Ab
A mariachi ogre snorkel
 
Quote:
Originally Posted by Ajax
I've seen a lot of stupid shit over the years in crypto, but the current NFT trend has got to be the dumbest fucking thing ever
Au contraire, NFTs are a legitim--

Quote:
The rapper Ja Rule is selling an NFT tied to Fyre Festival, the fraudulent concert series he promoted in 2017.

The certificate of digital ownership comes along with a physical artwork, too—a painting of the Fyre Festival logo by the artist Tripp Derrick Barnes.

https://decrypt.co/61654/ja-rule-fyre-festival-nft
  Reply With Quote
Old 17th March 2021, 16:57     #588
Ajax
Architeuthis
 
This guy fucks


  Reply With Quote
Old 18th March 2021, 11:30     #589
Nich
 
Can't argue with that. Uganda goat farmers already have a digital currency in the form of mobile credits and energy retail credits. They can trade with an app on their phone. So in many ways Bitcoin (as a medium of exchange) has to compete with an established network effect in these places, and everywhere in the world for that matter. It loses as a medium of exchange.

Bitcoin ideal good news is institutions and corporations buying big bags of Bitcoin and then the coins don't move. Best treasury reserve / savings account in the world.

Ethereum ideal good news is how much velocity and usage there is across DeFi and all other Dapps. Most useful, functional currency in the world. and now we have digital ownership certificates (NFTs), which is going through a silly phase now but we all know it has a place on the internet. It'll find where it fits.
__________________
but what would I know?

Last edited by Nich : 18th March 2021 at 11:31.
  Reply With Quote
Old 23rd March 2021, 20:02     #590
Ab
A mariachi ogre snorkel
 
BTC at 53.4USD right now. Ouch!
  Reply With Quote
Old 24th March 2021, 09:27     #591
Ajax
Architeuthis
 
OK so I figured NFTs represented peak crypto stupidity but then along comes this ridiculous BitClout thing which already has hundreds of millions in VC funding.
  Reply With Quote
Old 24th March 2021, 11:38     #592
crocos
 
Quote:
“People are incentivized to cancel people,” Lumi told CoinDesk in a phone call. “All you have to do is open a short position and then try to mangle someone’s reputation.”
What the fucking fuckery?
__________________
Ξ √ Ω L U T ↑ ☼ N

وكل يوم كنت تعيش في العبودية
  Reply With Quote
Old 24th March 2021, 13:22     #593
DrTiTus
HENCE WHY FOREVER ALONE
 
Anyone in Aussie wanna buy $100-200 worth of ETH or BTC?

I need to put some money in an Australian bank account, and thought I could do a trade

All good if not, I'll just do the international transfer thing.
__________________
Finger rolling rhythm, ride the horse one hand...
  Reply With Quote
Old 24th March 2021, 13:48     #594
Ab
A mariachi ogre snorkel
 
How much of a hurry are you in?
  Reply With Quote
Old 24th March 2021, 14:20     #595
DrTiTus
HENCE WHY FOREVER ALONE
 
By the end of the week would be good? Mate hasn't been paid from their new job, just needs cash moneys.
__________________
Finger rolling rhythm, ride the horse one hand...
  Reply With Quote
Old 24th March 2021, 14:36     #596
Ab
A mariachi ogre snorkel
 
Hold on - you in Oz now yourself?
  Reply With Quote
Old 24th March 2021, 14:48     #597
DrTiTus
HENCE WHY FOREVER ALONE
 
Nope. Give me an address, I'll put in say 0.1ETH and you (or whoever) puts some amount of money in an Aussie bank account.
__________________
Finger rolling rhythm, ride the horse one hand...
  Reply With Quote
Old 24th March 2021, 18:34     #598
Ab
A mariachi ogre snorkel
 
ETH's a waste of money the way gas fees are right now. Send me some XLM, I'll sell it at market and send fiat to your mate. In Oz most people use a bank transfer system called PayID - get your guy's phone number or email, whatever (s)he uses for PayID.

XLM wallet:
GBG7K2KRELQXP3B4CA6VTWJLGWET2NZ74ECGWI3ZEB4ZTYHICAOY3TTZ
  Reply With Quote
Old 24th March 2021, 19:39     #599
Ab
A mariachi ogre snorkel
 
All sorted, check your email.
  Reply With Quote
Old 24th March 2021, 19:47     #600
DrTiTus
HENCE WHY FOREVER ALONE
 
Thumbs up

Fanks G
__________________
Finger rolling rhythm, ride the horse one hand...
  Reply With Quote
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump



© Copyright NZGames.com 1996-2023
Site paid for by members (love you guys)