[kidwoo]

Gee whilikers, who coulda known?

Will This Be the First Country Bankrupted by Crypto?

It’s been a year since El Salvador's President Nayib Bukele adopted bitcoin as currency. Things are not going well.

www.rollingstone.com

Not your boy, that's for sure

Good Read By Andrew Yang

Interesting read. No wonder Yang could never be President…he has a conscience and an intellectual curiosity. https://www.politico.com/news/magazine/2021/10/03/andrew-yang-book-excerpt-campaigning-514967

ridemonkey.bikemag.com

Candidate for Mayor Andrew Yang Plans to Make New York City a Bitcoin Hub – Featured Bitcoin News

Former presidential candidate Andrew Yang is running for mayor of New York City. He has promised that as mayor he would invest in making the city "a hub for bitcoin and other cryptocurrencies." Yang is also pro-universal basic income (UBI) and wants to launch "the largest basic income program in...

news.bitcoin.com

 

[rideit]

I thought Yang was just a bit more marginally sensible than most of the field…but that was about the extent of it. Deeper dives revealed fatal flaws, I concur.

you won’t find any post of mine endorsing Bitcoin/etc.

 

[kidwoo]

definitely some sensible entertainment

Jim Acosta Shows His Colleagues How It's Done In Yang Interview

Here's what you do with subjects who have nothing serious to say.

crooksandliars.com

 

[jonKranked]

Gee whilikers, who coulda known?

Will This Be the First Country Bankrupted by Crypto?

It’s been a year since El Salvador's President Nayib Bukele adopted bitcoin as currency. Things are not going well.

www.rollingstone.com

ripe for a takeover!

 

[jimmydean]

https://www.pcgamer.com/snoop-dogg-and-eminem-performed-as-their-ape-nfts-and-its-somehow-even-worse-than-youd-think/

 

[SkaredShtles]

https://www.pcgamer.com/snoop-dogg-and-eminem-performed-as-their-ape-nfts-and-its-somehow-even-worse-than-youd-think/

 

[kidwoo]

so a cartoon video

revolutionary

 

[Pesqueeb]

May 2005 is when this album came out.

 

[jimmydean]

Get ready for the feds to start indicting NFT traders

The SEC should move to protect investors from traders who distort the NFT market with manipulative trades — and it probably will soon.

cointelegraph.com

 

[kidwoo]

Get ready for the feds to start indicting NFT traders

The SEC should move to protect investors from traders who distort the NFT market with manipulative trades — and it probably will soon.

cointelegraph.com

investor sez: investors are innocent in this!

 

[jimmydean]

A job for the poors.

https://www.pcgamer.com/nft-expert-imagines-a-hopeful-future-where-poor-people-serve-as-real-life-npcs-in-games/

 

[jimmydean]

You and me both.

https://finance.yahoo.com/news/snap-ceo-evan-spiegel-isn-151004574.html

 

[jimmydean]

Crypto = ponzi scheme

https://www.pcgamer.com/us-regulators-say-multi-billion-dollar-crypto-lender-celsius-was-operating-like-a-ponzi-scheme/

 

[jonKranked]

Crypto = ponzi scheme

https://www.pcgamer.com/us-regulators-say-multi-billion-dollar-crypto-lender-celsius-was-operating-like-a-ponzi-scheme/

who would have thought

 

[jimmydean]

who would have thought

Hey, if GameStop can show a profit, anything is possible.

 

[jonKranked]

Hey, if GameStop can show a profit, anything is possible.

i mean, it's unregulated currency without any sort of tangible backing. what could go wrong?!

 

[Pesqueeb]

NFT Trading Volumes Collapse 97% From January Peak

Trading volumes in nonfungible tokens -- digital art and collectibles recorded on blockchains -- have tumbled 97% from a record high in January this year. They slid to just $466 million in September from $17 billion at the start of 2022, according to data from Dune Analytics. The fading NFT...

www.bloomberg.com

 

[StiHacka]

NFT Trading Volumes Collapse 97% From January Peak

Trading volumes in nonfungible tokens -- digital art and collectibles recorded on blockchains -- have tumbled 97% from a record high in January this year. They slid to just $466 million in September from $17 billion at the start of 2022, according to data from Dune Analytics. The fading NFT...

www.bloomberg.com

So, what's next?

 

[johnbryanpeters]

So, what's next?

Tulips. The Panama Canal.

 

[Pesqueeb]

So, what's next?

Bag Holder Loses Their Shirt by Holding Too Long

Bag holder is an informal investment term used to describe an investor who holds a position in a stock that decreases in value until it is worthless.

www.investopedia.com

 

[jonKranked]

NFT Trading Volumes Collapse 97% From January Peak

Trading volumes in nonfungible tokens -- digital art and collectibles recorded on blockchains -- have tumbled 97% from a record high in January this year. They slid to just $466 million in September from $17 billion at the start of 2022, according to data from Dune Analytics. The fading NFT...

www.bloomberg.com

every time i click this thread i think of the pete davidson NFT song

 

[jonKranked]

NFT Trading Volumes Collapse 97% From January Peak

Trading volumes in nonfungible tokens -- digital art and collectibles recorded on blockchains -- have tumbled 97% from a record high in January this year. They slid to just $466 million in September from $17 billion at the start of 2022, according to data from Dune Analytics. The fading NFT...

www.bloomberg.com

oh noes!

"The fading NFT mania is part of a wider, $2 trillion wipeout in the crypto sector as rapidly tightening monetary policy starves speculative assets of investment flows. "

 

[jimmydean]

Because of course they did.

https://gizmodo.com/celsius-execs-cashed-out-bitcoin-price-crypto-ponzi-1849623526

 

[jimmydean]

I'm actually surprised to see crypto ads in F1.

https://jalopnik.com/formula-1s-crypto-com-sponsor-is-falling-apart-1849626650

 

[jimmydean]

So the folks they aren't firing they are making spend time in the metaverse.

https://kotaku.com/meta-facebook-vr-metaverse-horizon-worlds-online-1849629766

"I want to be clear on this point. We are working on a product that has not found product market fit. If you are on Horizon, I need you to fully embrace ambiguity and change.”

 

[jimmydean]

Seems it's not just Meta that's empty. Less than 1000 active users a day? I think MySpace gets more traffic than that these days.

It's Lonely in the Metaverse: DappRadar Data Suggests Decentraland Has 38 ‘Daily Active’ Users in $1.3B Ecosystem

Data from DappRadar suggests metaverse platforms Decentraland and The Sandbox each have fewer than 1,000 "daily active" users, despite $1 billion valuations. The platforms say these numbers don’t tell the full story.

www.coindesk.com

 

[gonefirefightin]

Seems my property value will be increasing soon.

Aspen Lakes has buyer interest

Go to aspenlakes.com and you will be greeted by an invitation to join “the world’s first NFT private golf resort and gated residential community, located in Sisters, Oregon.” There’s a lot to unpack, but at core is the sale of Aspen Lakes to outside investors. It’s shrouded in mystery, and the...

nuggetnews.com

 

[jimmydean]

https://futurism.com/the-byte/metaverse-decentraland-report-active-users

 

[jonKranked]

https://futurism.com/the-byte/metaverse-decentraland-report-active-users

reminds me of all the totally empty cities im china.

 

[kidwoo]

reminds me of all the totally empty cities im china.

those might still be useful one day

 

[jonKranked]

those might still be useful one day

does the metavrrse have rats?

 

[kidwoo]

does the metavrrse have rats?

big ones

common near water

 

[jonKranked]

at this point mark douchaberg is basically JP from grandmas boy except for the outfit

 

[jimmydean]

Lt. Dan, you got new legs!!!!

https://www.pcgamer.com/the-internet-is-mocking-meta-for-announcing-its-probably-most-requested-feature-legs/

 

[Pesqueeb]

Lt. Dan, you got new legs!!!!

https://www.pcgamer.com/the-internet-is-mocking-meta-for-announcing-its-probably-most-requested-feature-legs/

That opening paragraph is fucking gold.

 

[jimmydean]

They can't all be winners.

From Over $620K to $10: Logan Paul's Unsuccessful NFT Investment

The ongoing crypto winter has caused million-dollar losses to the well-known YouTuber Logan Paul.

cryptopotato.com

 

[jonKranked]

They can't all be winners.

From Over $620K to $10: Logan Paul's Unsuccessful NFT Investment

The ongoing crypto winter has caused million-dollar losses to the well-known YouTuber Logan Paul.

cryptopotato.com

 

[jimmydean]

Meta has burned $15 billion trying to build the metaverse — and nobody's saying exactly where the money went

Meta's losses from its metaverse project continue mounting. The company says it's due to heavy spending on research, but it's light on the details.

www.businessinsider.in

 

[jimmydean]

I'm actually surprised this is even still a thing, but a sucker is born every minute or something.

Azuki NFT project sets record for eight most expensive skateboards ever sold

Azuki completed an auction for eight Golden Skateboard NFTs — which will be redeemable for physical golden skateboards — setting a record in the process.

www.theblock.co

 

[jimmydean]

Buy the dip!!!

Another NFT Marketplace Goes Zero Royalties in 'Race to the Bottom' - Decrypt

Token rewards-driven marketplace LooksRare will no longer enforce royalties on NFT sales and instead pay a share of protocol fees to creators

decrypt.co