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Crypto - Bitcoin XRP ETH DarkMoon NFTs

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Luke
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Speculative Crypto Art Market Takes Off / Ethereum Cryptocurrency / Bitcoin

#1

Post by Luke »

This is wild, what they keep coming up with is headspinning.

Image
Speculative crypto art market takes off
Felix Salmon, author of Capital

Move over, GameStop. The newest speculative game in town is NFTs — digital files that can be owned and traded on a plethora of new online platforms. Why it matters: Most NFTs include some kind of still or moving image, which makes them similar to many physical art objects. Some of them, including a gif of Nyan Cat flying through the sky with a pop-tart body and rainbow trail, can be worth more than your house.

How it works: Most crypto assets are like dollars, or stocks: They're fungible, which means that one bitcoin, or share of IBM, is worth exactly the same as any other bitcoin, or share of IBM. NFTs, by contrast, are non-fungible tokens: They're unique objects that live on a blockchain and are valued as collectors' items.

By the numbers: Nyan Cat sold for 300 ETH (the Ethereum cryptocurrency), or about $580,000 at the time the bid was entered on Feb. 19. An artist going by the moniker "Beeple" sold 20 artworks for $3.5 million in December, and has consigned a major digital work to auction house Christie's in an online auction that will end on March 11.

One fake Banksy, by an artist calling themselves Pest Supply, sold for more than 60 ETH, or about $100,000. The artwork featured a stencil saying "I can't believe you morons actually buy this NFT shit." It's not clear where or how the buyer could resell the work, given that the Opensea platform has now disabled all future sales by that artist.

A short clip of a LeBron James dunk from 2019 sold for $208,000, on a day when more than 20,000 buyers spent more than $45 million in total buying NBA TopShot clips.

The catch: Most NFTs (but not TopShots) live on the Ethereum blockchain, which has a massive carbon footprint. Artist Joanie Lemercier calculated that one release of his art on NiftyGateway was responsible for more carbon emissions than his entire physical studio emitted in 18 months.

Another artist, Memo Atken, analyzed a separate platform, SuperRare, and calculated that a single NFT is on average responsible for 211kg of CO2 emissions — the equivalent of driving a gasoline-powered car for 1,000km.

The big picture: Our digital lives are surrounded by countless digital objects. NFTs are a way to imbue such objects with financial value. When that happens they take on a new level of significance and importance. They also become vehicles for speculation, whose financial value is generally entirely unrelated to their artistic value.
https://www.axios.com/nft-digital-crypt ... 5f0f9.html
'Nyan Cat' Crypto Art Sells For 300 ETH Equaling More Than $560,000 USD
A big sale celebrating the meme’s 10 year anniversary.
Chris Torres Arts Feb 22, 2021

Last Friday, in celebration of its upcoming 10th anniversary in April, Nyan Cat creator Chris Torres offered up a remastered version of the fantastic GIF for auction over on Foundation, and it has now sold for roughly the equivalent of more than half a million dollars. As the auction neared its end, prices began to skyrocket as expected, going from roughly 15 ETH all the way to a closing price of 300ETH over the course of just 30 minutes. Translated into actual currency, the final amount paid is worth $560,097 USD as of writing. Foundation and Torres also tuned in to the end of the auction with a live-stream on Twitch where he explains the story behind the creation of Nyan Cat, which you can watch below.

Just opened up the flood gates to the future of meme economy in the Crypto universe, no big deal~
But seriously, thanks for believing in Nyan Cat all these years. I hope this inspires future artists to get into #NFT universe so they can get proper recognition for their work! pic.twitter.com/JX7UU9VSPb
— ☆Chris☆ (@PRguitarman) February 19, 2021

Going once, going twice, sold! ?
Thank you to @PRguitarman for bringing us along for the historic ride. ? @NyanCat forever. ?
Rewatch the auction live stream → https://t.co/XJQI2O0Ula pic.twitter.com/ywpgglnGiw
— Foundation (@withFND) February 19, 2021
https://hypebeast.com/2021/2/nyan-cat-3 ... 0-usd-sale
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Re: Speculative Crypto Art Market Takes Off / Ethereum Cryptocurrency / Bitcoin

#2

Post by neeneko »

Here is another crazy one:

Virtual Property Sells for $1.5M in Ether, Smashing NFT Record.

Apparently someone inspired by the 'cryptokitties' game decided to build a virtual property market game thingie. Though I am seeing speculation that big sales like this are actually people just moving their own blocks around in order to drive up demand or make headlines.
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Re: Speculative Crypto Art Market Takes Off / Ethereum Cryptocurrency / Bitcoin

#3

Post by Luke »

Look out below?*
JUST IN - Tesla suspends the purchase of vehicles with #Bitcoin over "climate change" concerns of cryptocurrencies. Bitcoin tanks after Elon Musk's tweet announcing the suspension.



@disclosetv

Image


Yeah, maybe Tesla isn't selling but wouldn't bet that Elon didn't. The marks thought he was joking on SNL when he called Dogecoin a "hustle". Ha ha.

* Only down 12%. Who else will reverse because of environmental impact? https://www.coindesk.com/price/bitcoin
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Crypto - Bitcoin XRP ETH DarkMoon NFTs

#4

Post by Luke »

All this crypto stuff is just incredible, imaginary money is going somewhere...

Dave Portnoy is the Barstool troll guy.
Here's How Much Dave Portnoy's $40,000 SafeMoon Investment Is Worth Now
by Logan Ross August 20, 2021 6:03 pm

In May, Dave Portnoy, founder of Barstool Sports, announced his entrance into the “sh*tcoin” space with a $40,000 investment in SafeMoon (CRYPTO: SAFEMOON).

Since then, the cryptocurrency market has been on a tumultuous path back to a $2 trillion market cap.

But is Dave safely on the Moon yet?

While Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Cardano (CRYPTO: ADA), and many other crypto projects have seen their tokens taking off recently, Portnoy’s SafeMoon hasn’t fared quite as well.

You could pick up 1,000,000 SafeMoon tokens for around $7 at the time of Portnoy’s announcement. Today, you can be a SafeMoon millionaire for just over $2.

On August 18, Dave confirmed on Twitter that he has diamond hands and is still holding his 4.56 billion SafeMoon tokens.

While Dave may have started with $40,000, his bag is now worth a whopping $7,165.

#safemoon https://t.co/B6X6bBQxWj pic.twitter.com/NXnTNNsFsI
— Dave Portnoy (@stoolpresidente) August 18, 2021

Portnoy’s SafeMoon shenanigans cost him $32,835, but at least he can say he’s a crypto billionaire.
There's a kid named Greg with 144K twitter followers, folks seem to follow him a lot and now he's going to sell some of those NFTs with 50% going to St. Jude. Here's background on these:




Greg's into DogeCoin.
greg @greg16676935420
im greg I like football and stocks and my birthday im from kentuckey. I’m a investor. I like to golf at the golf course
@gregmultiverse
Rally Socks Help Keep Dogecoin Over Key Level: What's Next For The Cryptocurrency?
Melanie Schaffer, Benzinga Staff Writer
August 20, 2021 07:20 pm | 2 min read
On Wednesday, @greg16676935420, a popular financial twitter personality and Dogecoin (CRYPTO: DOGE) enthusiast, wore his Shiba Inu covered socks as a good luck charm to keep the crypto over the 30-cent mark. It must have worked because although Dogecoin retraced to the 27-cent mark intraday the crypto rallied a hair over Greg’s wish at $0.303.

Greg and the millions of other Dogecoin traders may not have to worry too much about the crypto losing value in the immediate future if the bull flag plays out.
https://www.benzinga.com/amp/content/22600764

Wild stuff. Still keep expecting the boom to be lowered on taxes and regulation, but guess they can run with it as long as they can.
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#5

Post by Foggy »

kentuckey
:nope:
Out from under. :thumbsup:
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#6

Post by RTH10260 »

Anyone can create a blockchain of "stuff" today with little effort. But that does not make it a cryptocurrency anywhere near. A cryptocurrenty is an ecosystem where many players agree that the tokens represent a real world value expressed in a conventional currency. The cryptocurrency has exchanges that make it possible to convert from and to real world or now also too other cryptocurrencies. Players also trust an initial organization to support the first distribution of the tokens and being the backbone to the system. Note that trust is set in an organization, not a single individual. The past success of cryptocurrencies has been the possibility to mine new tokens and grow ones wealth. The comparison with traditional mining is real, one invests in an infrastructure to locate the hidden riches. Various blockchain systems that followed Bitcoin implemented some more secure way of handling tokens or different algorithms to generate them.
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#7

Post by neeneko »

There is actually a pretty good youtube channel I follow that tries to dissect some of the more interesting crypto scams called Coffeezilla, including dipping into the entire fintok and influencer altcoin pump and dumps.
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#8

Post by tek »

whittakerturbeville wrote: Mon Jan 24, 2022 4:16 am Well, the cryptocurrencies like BTC and ETH are not imaginary money. They have a fundamental base like was used with the real money.
And what is that base, in layman's terms?
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#9

Post by Azastan »

tek wrote: Mon Jan 24, 2022 8:35 am
whittakerturbeville wrote: Mon Jan 24, 2022 4:16 am Well, the cryptocurrencies like BTC and ETH are not imaginary money. They have a fundamental base like was used with the real money.
And what is that base, in layman's terms?
I think that means, in layman's terms, that whittakerturbeville is what is commonly known as a troll. Or perhaps a bot.

Googling that user name reveals a tendency to register at many different sites, where it gets promptly banned for spam.
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#10

Post by Estiveo »

Pyramid schemes need shills.
Image Image Image Image
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#11

Post by RTH10260 »

tek wrote: Mon Jan 24, 2022 8:35 am
whittakerturbeville wrote: Mon Jan 24, 2022 4:16 am Well, the cryptocurrencies like BTC and ETH are not imaginary money. They have a fundamental base like was used with the real money.
And what is that base, in layman's terms?
Doing heavy lifting there, once upon a time in a far away land... it was named gold parity, but then the residents of said land got tired of using it.

Real national currencies has now its base in the stability of a countries economy (in laymans terms - IANAeconomist).

The base of cryptocurrencies tend to be the currency initially used to buy the nifty virtual currency, eg the US$.
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#12

Post by Foggy »

 ! Message from: Foggy
Merged two Crypto threads.

Orlylicious, I don't understand crypto at all and I'm studying other stuff, so please figure out what the best title for the merged thread should be.

I pretty much understand an economy based on exchanging sea shells, beyond that I'm lost.
Out from under. :thumbsup:
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#13

Post by raison de arizona »

Image
Can't vouch for the math, but doesn't sound like a good deal...

Eric Adams too, also...
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#14

Post by jcolvin2 »

raison de arizona wrote: Mon Jan 24, 2022 7:02 pm Can't vouch for the math, but doesn't sound like a good deal...
The math seems in the ballpark, but I doubt that OBJ received full payment upon signing. It was probably ratably payable over the remainder of the season (weekly, bi-monthly, monthly? - not sure how frequently NFL players are paid). If it came in over time as BTC, OBJ would have income in the then current dollar value of each BTC payment as it was received. Assuming monthly payments over five months, if the exchange rate declined linearly from $50k/BTC to $30k/BTC during that time frame, OBJ's taxable income would have been $600k ($150k+$135k+$120k+$105k+$90). Not a good result, but not nearly as bad as the Tweet suggests.
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#15

Post by pipistrelle »



I’m dying.
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#16

Post by raison de arizona »

I can't see any possible problems with legislating Bitcoin as legal tender for the state of Arizona. :thumbsup:
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#17

Post by RTH10260 »

Litigation can start at once. Why chose one specific cryptocurrency over others?
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#18

Post by p0rtia »

pipistrelle wrote: Fri Jan 28, 2022 10:31 am

I’m dying.
:rotflmao: :rotflmao: :rotflmao:
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#19

Post by RTH10260 »

slightly more than usual
‘Huge mess of theft and fraud:’ artists sound alarm as NFT crime proliferates
The digital marketplace for NFTs grew to an estimated $22bn last year but companies face challenges monitoring stolen art

Lois Beckett in Los Angeles
Sat 29 Jan 2022 09.00 GMT

When Lois van Baarle, a Dutch artist, scoured the biggest NFT marketplace for her name late last year, she found more than 100 pieces of her art for sale. None of them had been put up by her.

Van Baarle is a popular digital artist, with millions of followers on social media. She’s one of a growing number of artists who have had online images of their art stolen, minted as unique digital assets on a blockchain, and offered up to trade in cryptocurrency on the NFT platform OpenSea.

The rise in such thefts comes as the market for non-fungible tokens, or NFTs, exploded last year, growing to an estimated $22bn, attracting Sotheby’s and Christie’s, and driving multimillion-dollar auctions for these new certificates of ownership of digital assets.

OpenSea has grown at a dizzying pace, and is now valued at $13bn. But amid its spectacular rise, the company is doing far too little to prevent the trade in fraudulent NFTs, some artists charge, and is placing much of the burden of policing art fraud on the artists themselves.

OpenSea said in a statement: “It is against our policy to sell NFTs using plagiarized content,” adding that it regularly delisted and banned accounts that did so. The company said it was working to build new image recognition and other tools that would quickly recognize stolen content and protect creators, and that it planned to launch some of them in the first half of this year.

A boon and nightmare for artists

In theory, blockchain technology was supposed to make it easier for digital artists to sell unique tokens of ownership, offering buyers a permanent record of ownership linked to the work.

For some artists, the technology opened up a new way to earn money : Kenny Schachter, a New York-based video artist and art writer, embraced NFTs early and said he has made hundreds of thousands of dollars in the past year, after three decades working within an art world in which video art rarely sold.

“We’re in an incredible mushrooming of opportunity for digital artists,” said Schachter. “It’s 1,000% better than a year ago, two years ago, when there was no marketplace for any of this art.”

But other artists say that the past year’s crypto boom has been a nightmare. Among the problems is that anyone can “mint” a digital file as an NFT, whether or not they have rights to it in the first place, and the process is anonymous by default.

“It is much easier to make forgeries in the blockchain space than in the traditional art world. It’s as simple as right-click, save,” said Tina Rivers Ryan, a curator and expert in digital art at the Albright-Knox gallery in Buffalo, New York. “It’s also harder to fight forgers. How do you sue the anonymous holder of a crypto wallet? In which jurisdiction?”

DeviantArt, a decades-old online community for digital artists that hosts half a billion pieces of digital art, began monitoring the blockchain for copies of their users’ work last fall after NFTs based on stolen work by Qing Han, a beloved artist who died in 2020 after publicly chronicling her struggle with cancer, were found for sale on OpenSea.



https://www.theguardian.com/global/2022 ... oliferates
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#20

Post by raison de arizona »

An Artist Placed a Cube Made From $11.7 Million Worth of Gold in Central Park—Protected By Its Own Security Detail
The German artist Niclas Castello is, of course, launching a cryptocurrency alongside the physical work.

This morning, joggers in New York’s Central Park may have come across a curious, rather illustrious sight. A cube composed of 186 kilograms of pure 24-karat gold, conceived by the German artist Niclas Castello who has billed it as a conceptual “socle du monde” (base of the world) sculpture for our time, was wheeled out to the Naumburg Bandshell this morning at around 5 a.m.

Although the work is not for sale, according to the artist’s team, based on the current price of gold at $1,788 per ounce, its material worth is around $11.7 million. Flanked by a heavy security detail, the 410-pound work is set to be displayed in the park until the day’s end.

In a message sent this morning to Artnet News, Castello called the work “a conceptual work of art in all its facets.” He said the idea was to “create something that is beyond our world—that is intangible.”

And so, as with all things in 2022, an accompanying cryptocurrency is being launched alongside the physical artwork. The Castello Coin, traded as $CAST, is available for purchase online at an initial price of €0.39 ($0.44) each, with an accompanying NFT auction scheduled for 21 February.
:snippity:
https://news.artnet.com/art-world/solid ... rk-2067281
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#21

Post by neeneko »

For that much gold, it might actually be worth it to hire a bunch of locals to subdue the security detail and load it onto a truck... which would be poetic justice for this blatant 'look at this expression of wealth! invest in my get rich quick scheme and you might be wealthy too!'.
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#22

Post by Suranis »

why do I suspect its about a thimble full of gold spread across a frame? And if anyone finds out he can just say "Ha, that was the point! dont believe the media! (and still buy my cryptocoin)"
Hic sunt dracones
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#23

Post by Foggy »

Yeah, he says it's "intangible" gold, so do we believe him? :blackeye:
Out from under. :thumbsup:
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#24

Post by Suranis »

Hic sunt dracones
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Re: Crypto - Bitcoin XRP ETH DarkMoon NFTs

#25

Post by much ado »

Suranis wrote: Thu Feb 03, 2022 12:08 pm why do I suspect its about a thimble full of gold spread across a frame? And if anyone finds out he can just say "Ha, that was the point! dont believe the media! (and still buy my cryptocoin)"
Yes, I think you are right. I thought that a cube of pure gold that large would weight much more than 410 pounds.

Here is my arithmetic. Does anyone see anything wrong?

Calculate weight of cube in grams:
410 lbs × 453.592 g/lb = 185972.72 grams

Calculate volume of cube in cm³ based on density of gold, 19.3 g/cm³:
185972.72 g / 19.3 g/cm³ = 9635.89 cm³

Calculate side of cube by taking cube root of volume:
Cube root of 9635.89 cm³ = 21.28 cm

Calculate side of cube in inches based on 2.54 cm/in:
21.28 cm / 2.54 cm/in = 8.38 inches

Doesn't that cube look larger than 8.38 inches on a side?

I think it is just a publicity stunt.
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