www.marketwatch.com
Cracks me up that people think "decentralized" means "untraceable"New York hipster couple charged in billion-dollar bitcoin heist were ‘serial entrepreneurs’ who used startups to launder money, prosecutors say
Ilya Lichtenstein and Heather Morgan allegedly started with millions in stolen money, but were faced with laundering billions as bitcoin shot through the roof.
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www.reuters.com
people trying to setup systems free of regulation always end up learning the reason regulation existsMarketplace suspends most NFT sales, citing 'rampant' fakes and plagiarism
The platform which sold an NFT of Jack Dorsey's first tweet for $2.9 million has halted most transactions because people were selling tokens of content that did not belong to them.
It was just a matter of time due to the concept being molested and contorted by the retail market. I would bet you will see some sort of licensing or vetting of the procedures so the industry can get back on track with the true purpose of the concept.Marketplace suspends most NFT sales, citing 'rampant' fakes and plagiarism
The platform which sold an NFT of Jack Dorsey's first tweet for $2.9 million has halted most transactions because people were selling tokens of content that did not belong to them.
what does back on track mean and whats the purpose exactly?
What I find odd about the Nike lawsuit is that StockX made an NFT of an actual Nike that they own. You bought the shoes, so you can't make an NFT of the shoes you bought?
The markets originally see it as a conduit for things such as or akin to serial numbers or activation codes with the data but using the non centralized format either in crypto or blockchain delivery rather than the fiat USD
Nike is mad over the trademark and copyright issues in the digital domain and not having a piece of the monetization.
The tech will come around, its was introduced and implemented very poorly without any education. Sort of like throwing a survival kit to uneducated cavemen and they chose to use it as jewelry rather than its purpose. Or tossing an e-bike into monkey fest and they smash it with rocks.
Exactly the BS pipedream I thought they were trying to sell people on....it was always a scam for rich people to funnel more wealth upwards.
Its actually meant for the retail user like you and I to be able to buy and sell products in a decentralized format away from prying eyes like the IRS and such. The corporate world wants to adopt it so they can gain that crowd that is truly getting away from the fiat currency, little bit of tin foil hat and cloak and dagger mix for income and expenses
Its just being so convoluted and misused right now it is a giant shit show for any developer because you are already behind the curve of acceptance. Kind of a bum deal that it has been manipulated and contorted to what it is today.Because the folks who do the work, KNOW it's a scam? Na.
Notice how it's CEO's pushing NFT's and actual software devs EVERYWHERE want nothing to do with it. But @gonefirefightin knows we will all "get it" some day, because Blockchain.
www.thedailybeast.com
Its one of thousands of shit coins started by users in their parent basements. I feel sorry for those whom are diving into crypto and yolo on something like this but then again, its like self regulation.More proof that Trump fans are the most easily duped form of multicellular life on this planet.
‘Let’s Go Brandon’ Crypto Coin Turns Into Total Dumpster Fire
The MAGA-themed coin with dreams of sponsoring a NASCAR team is now circling the drain.
Eh..... I dunno. If the last 5 years have shown us anything, its that a MAGA and his money are soon parted. Build the Wall, Stop the Steal, tv network, social platform, Trump university…
I dont follow any of that so have no clue
every now and then I will google some current events as to how it relates to me in the markets but other than that I am blind AF when it comes to news, politics, etc.
prolly helps to ignore this
www.bloomberg.com
Yet another prime example of basement dwellers. It’s all the rage with kids these days.prolly helps to ignore this
Bitcoin Miners Are on a Path to Self-Destruction
Producing the cryptocurrency is a massive drain on global power and computer chip supplies. Another way is needed before countries balk.
pulling massive computer power with the processors on gucci graphics cards has been going on for a decade, promoted initially by blockchain currency's earliest proponents.
75% of the effective mining in the country is done in suburban settings with 6-12 stand alone "budget" miners working on a residential internet connections. Farms/commercial mining operations only account for 25%, Those numbers were reversed about 5 years ago. That was my basement reference.
www.forbes.com
cryptopotato.com
LOL it's nothing but one long continuous printout
That's why it's funny to see crypto bros buying each other's crap, or even buying their own. "But look at what somebody totally not me paid for it "
Actually it the small timers that have the majority in the segment and peeps got smart to those high priced miners with over priced components.
certainly not with bitcoin or that dumb ape shit....
