Club Dynasty

NFT’s (Non Fungible Tokens) as Art. You in?

Valcazar

Just a bundle of fucking sunshine
Mar 27, 2014
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my point is stop arguing about this stuff.

to me it's all about price action, regardless if you are absolutely right that blockchain and its "applications" are useless. I guess if a guy can't counter back and that makes you sleep better at night, all to you.

some people do view blockchain as the ultimate driving force for price action (and hence buy or "invest" in crypto) , some people like yourself think it's useless (and hence sit out). i would just leave it at that, it's not like you're gonna convince each other anyway.
But we aren't talking about Bitcoin here so who cares about your investment in bitcoin or that you don't care if blockchain works as long as you make money?

We were talking about whether or not NFTs are useful to solve the issue of tracking art ownership.
 

sprite09

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Aug 10, 2020
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But we aren't talking about Bitcoin here so who cares about your investment in bitcoin or that you don't care if blockchain works as long as you make money?

We were talking about whether or not NFTs are useful to solve the issue of tracking art ownership.
then it became just a discussion about blockchain in general
 
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Jubee

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then it became just a discussion about blockchain in general
Crypto and NFTs were introduced to us to get use to and comfortable with the idea of the word and concept of the "blockchain".

*CBDCs and Digital IDs entered the conversation*
 

sprite09

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Aug 10, 2020
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Crypto and NFTs were introduced to us to get use to and comfortable with the idea of the word and concept of the "blockchain".

*CBDCs and Digital IDs entered the conversation*
lmao 🤣
 
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sprite09

Well-known member
Aug 10, 2020
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Crypto and NFTs were introduced to us to get use to and comfortable with the idea of the word and concept of the "blockchain".

*CBDCs and Digital IDs entered the conversation*
true, the govt hates its censorship resistance (e.g. i remember Bitcoin was given to the freedom convoy truckers for that reason)
 

Jubee

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May 29, 2016
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You really think that the Central Banks, IMF and the World Bank are going to let some random currencies created out of nothing, by who knows who to be an actual currency for people to be able to use in day to day things like the dollar?
Store of value sure, it's like the stock market, but 2.0 at this point.
Unless you're a whale in the crypto market you're not really making much, just like stocks, only a few will ever make it big and you either have to be in the know and have very deep pockets to make the "right" investments.

Sorry to burst your bubble.
 

sprite09

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Aug 10, 2020
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You really think that the Central Banks, IMF and the World Bank are going to let some random currencies created out of nothing, by who knows who to be an actual currency for people to be able to use in day to day things like the dollar?
Store of value sure, it's like the stock market, but 2.0 at this point.
Unless you're a whale in the crypto market you're not really making much, just like stocks, only a few will ever make it big and you either have to be in the know and have very deep pockets to make the "right" investments.

Sorry to burst your bubble.
nah, I don't think those authorities will , but it doesn't matter; people will still pay for it.

ya, store of value I guess...Bitcoin has changed its narrative many times. but like I said I really don't care as long as it goes up.

-with regulation coming, which will allow real institutional investors to buy it (sov funds, pension funds)
-a spot ETF in the US looking more likely (tks BlackRock),
-and the next halving event next year,

looks like the market is following its typical cycle and due for another bull run ....might be some headwinds, but that's with risk on assets in general

generally speaking , you don't need to pick the right "investment" becomes the all the coins and tokens are bonded by the liquidity in their trading pairs. in short, this means the entire market moves together (with Bitcoin leading), so you could pretty much pick any coin or token right now (even if it's a dead project ) and it would still move up naturally in the next bull run .

you don't need to be a whale either, although that'd certainly help. I was able to 10x in the last run and my buddy who got in the space earlier got 100x and bought himself a nice house in downtown Toronto, lol. but, yes, some will move much more than others and there is that luck element.

in the end, like I said, don't wanna buy it ? cool with me. to each his or her own. but i will say, probably not a good idea to short it!
 
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Valcazar

Just a bundle of fucking sunshine
Mar 27, 2014
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then it became just a discussion about blockchain in general
But so what?
You said you don't care about blockchain and whether or not it does what its supporters say it does.
"Blockchain" does not equal "Bitcoin".
Like I said in an earlier post - you posting about Bitcoin's trading value has nothing to do with a discussion of blockchain unless you believe Bitcoin price is an indicator of whether or not people think Blockchain as a tech is important. Even then - market value isn't actually a proper assessment of whether something can do what it claims to do.

You didn't jump in to talk about blockchain in general, you jumped in to talk about the Bitcoin valuation.
Those are different things.
 

sprite09

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Aug 10, 2020
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But so what?
You said you don't care about blockchain and whether or not it does what its supporters say it does.
Blockchain" does not equal "Bitcoin".
I know it doesn't

actually, based on your past arguments , you essentially say blockchain is Bitcoin , eg you say blockchain is slow (there are other chains that are pretty much instantaneous).

Like I said in an earlier post - you posting about Bitcoin's trading value has nothing to do with a discussion of blockchain unless you believe Bitcoin price is an indicator of whether or not people think Blockchain as a tech is important. Even then - market value isn't actually a proper assessment of whether something can do what it claims to do.

You didn't jump in to talk about blockchain in general, you jumped in to talk about the Bitcoin valuation.

Those are different things.
I brought in valuation because your arguments against blockchain imply the value of crypto and its applications are intrinsically worthless.

so blockchain is useless (or any main argument /statement made in a debate ) goes back to what you said initially...."so what ?"

1) ultimately I'm assuming you saying blockchain is useless, you're basically advising (trying to help ) the other party that crypto and anything associated with it is useless , so don't touch it (but like I said unlikely to convince anyway, so basically a waste of time ). if not....then ...


2) you get a kick out saying blockchain is useless , then by all means, whatever floats your bloat.
 
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Valcazar

Just a bundle of fucking sunshine
Mar 27, 2014
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I know it doesn't

actually, based on your past arguments , you essentially say blockchain is Bitcoin , eg you say blockchain is slow (there are other chains that are pretty much instantaneous).
Blockchain is slow.
The way to make fast transactions is to NOT use blockchain tech.
I know people have been working on making a blockchain that isn't so inefficient, but I haven't heard of any successes, really.

I brought in valuation because your arguments against blockchain imply the value of crypto and its applications are intrinsically worthless.
But you also said you literally don't care about whether or not it is worthless as long as the price goes up.

And, again, the "worth" of the crypto is disconnected from "are NFTs useful to solve this problem".

Bitcoin and other cryptos could be back up at 500,000 per BTC and it wouldn't affect "are NFTs useful to solve this problem".

1) ultimately I'm assuming you saying blockchain is useless, you're basically advising (trying to help ) the other party that crypto and anything associated with it is useless , so don't touch it (but like I said unlikely to convince anyway, so basically a waste of time ). if not....then ...
Right.
It looked like you were paranoid that I was somehow making that argument and so jumped in with an irrelevant argument about Bitcoin.
Even weirder, you then undercut the argument by claiming that you don't care if it is useless as long as the number goes up.

If you were worried about what discussing when and why blockchain might be useful was secretly a trojan horse argument about why no one should be investing money in blockchain, then jumping in by saying that you don't care about whether or not it works, because this related thing that uses the technology still has people trading it for money kind of defeats the "don't talk about how it doesn't work for this other use case".

I mean, this just looks like you are somehow worried about your investments or something, which is weird, because "NFTs are a bad solution to art ownership verification" should have no fucking impact on that. It makes you look like you are protesting way too much.
 

sprite09

Well-known member
Aug 10, 2020
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Blockchain is slow.
The way to make fast transactions is to NOT use blockchain tech.
I know people have been working on making a blockchain that isn't so inefficient, but I haven't heard of any successes, really.
I wasn't gonna argue about fundamentals, but looks like you haven't even actually done any transactions period except what you've read or "heard" from your "expert" friends

I've done transactions on certain chains where it was cheap and virtually instantaneous

you shouldn't really say anything about this unless youve actually experimented yourself ...I really don't care what you retort with in terms of speed at this point because Ive seen it with my own eyes while now I know you havent at all


But you also said you literally don't care about whether or not it is worthless as long as the price goes up.

And, again, the "worth" of the crypto is disconnected from "are NFTs useful to solve this problem".
ya ,I actually don't care as long as the price goes up, doesn't matter whether it's crypto , stocks , collectibles, etc ...

to your second point , your discussion of NFTs then became just a discussion about blockchain in general and its limitations (eg you pointed it's slow) ...this debate has been going on forever here and elsewhere ...to which I said, just stop . what's the point ?

either

1) you just like telling the tech and applications are garbage and get a kick out of it (fine, whatever makes you happy)



2) you're trying to "save" people from losing their money but I say waste of time...real proponents of the tech have their minds set already




Right.
It looked like you were paranoid that I was somehow making that argument and so jumped in with an irrelevant argument about Bitcoin.
Even weirder, you then undercut the argument by claiming that you don't care if it is useless as long as the number goes up.

If you were worried about what discussing when and why blockchain might be useful was secretly a trojan horse argument about why no one should be investing money in blockchain, then jumping in by saying that you don't care about whether or not it works, because this related thing that uses the technology still has people trading it for money kind of defeats the "don't talk about how it doesn't work for this other use case".

I mean, this just looks like you are somehow worried about your investments or something, which is weird, because "NFTs are a bad solution to art ownership verification" should have no fucking impact on that. It makes you look like you are protesting way too much.
lol, not worried at all, bro, and I don't need shill it because nobody here can realistically prop up the market anyway...but I am saying is this ...hey, you got some money you wanna have fun with ? get into the space, because looks like it's gonna have a fun time in the next couple of years based on the reasons I've outlined ...a great reward to risk ratio in my view...can use the reward for some nice "hobbying" (why we are on this site) or wherever

still can't stomach the volatility? ok , not everyone can ...can't buy based on lack of fundamentals and think it's just based on psychology? I'd counter, im sure anybody here wouldn't care if they were able to snatch up a collectible (even if they don't care about it personally) at a cheap price because they know they could sell it a lot higher since someone is willing to pay for it (sports cards, original iPhone, some baseball player's historical home run ball etc)

so my question to you is..again, genuinely curious why you argue against it?

do you genuinely believe you're gonna convince the proponent of blockchain otherwise ? I say no, so you're wasting time, but if you think otherwise, then we can agree to disagree here

you get a kick out of it ? ok, that makes sense... whatever floats your boat

you have a short position in the space in one capacity or another ? this is to counter your point about me afraid of my money in the space , lol...this can't be the reason, right ? because I think we can agree here nobody here can impact the market anyway
 
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Valcazar

Just a bundle of fucking sunshine
Mar 27, 2014
34,196
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I don't know what you're on about.
We were talking about NFTs and you came in with something unrelated and now you are off on some kind of further weirdness.

If you want to have a thread on investing in Bitcoin, go make one.
 

sprite09

Well-known member
Aug 10, 2020
1,272
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I don't know what you're on about.
We were talking about NFTs and you came in with something unrelated and now you are off on some kind of further weirdness.

If you want to have a thread on investing in Bitcoin, go make one.
All good, was just curious, but you're obviously under no obligation to answer.
 
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