You respond by telling them with a block reward of 10000 per minute, Doge is generating the same number of coins every day and a half that Bitcoin will generate in it's entire lifespan, and there's currently about 6900x the amount of Doge available as BTC will ever have.

10k x 60 = 600000
600000 x 24 = 14,400,000 per day

Bitcoin hard cap is 21 million. 21 / 14.4 = 1.45 days for Doge to generate 21 million coins.

If that doesn't explain why Doge can never hold value long-term......I don't know what will. But the people making money are always going to have their ears plugged and refuse to listen or comprehend why this is an issue. You're wasting your time trying to explain it to them. If they had half a brain, they'd be doing the research themselves, before buying.

Yeah well.... I never thought that it was going to continue to hover around 7 cents as long as it did, so I'm not holding my breath for it to go back to 7, or lower....anytime soon. Probably not until the pandemic is more fully resolved and people are too busy again to fritter away their time on this fools' errand with Robinhood.

Yeah, was gonna say you have to be running ASIC miners... even my 3080 FTW3 Ultra only gets maybe 90 MH/s....

Well, okay, fair enough. Go compare to a 5900X Ryzen then. That's what I've got. I guarantee you it's nowhere near the 500 MH/sec you seem to be getting (assuming running 5 boxes and I'm reading that correctly). The entire point is that the numbers were way too high for either CPU or GPU mining.

I'm sorry, but this is hilarious. What beef does Binance have with Texas specifically that's not applicable to the rest of the US?

*edit* Found a bit of stuff, including TX issuing a C&D against them a month ago....heh.

Part of what's wrong is that you're apparently comparing your core CPU temp to their memory temps (hopefully junction temps.....if they're at 98C on the surface or edge of the package, that is horrific...). If your memory junction temps are 65 C.....you ain't running GDDR6X, unless it's under a water block.

GDDR6X mems are regularly in this 90-110C range while mining on 3080 and 3090's. It's not good. The max rated junction temp is 95c according to spec. It's likely going to lead to long term degradation of the memory, but people are still doing it anyways. You have to undervolt and underclock the memory (i.e. the most critical part of hashing speed on a GPU...) to get the temps down. Yeah, you drop from like 95-105 MH/sec to probably 80-ish, but you're not destroying your card in the process. Your call.

Very stupid question, regarding all the ERC-20 token stuff that runs on ETH chain..

Do all these things, like SHIB and whatnot, just use a standard ETH address? As in you could technically have ETH and any number of ERC-20 altcoins tied to a single address (if you were so inclined and not particularly security minded lol). Obviously, if they're all running on ETH addresses, ideally you'd want a separate address for each coin for security reasons. I've been poking around looking at some of this stuff but still not very familiar with all the details of the ETH systems....aside from the ridiculous transaction fees.

Yeah....going to have to look for the cheap gas times..I'm usually up more or less in the middle of the night anyways, so it shouldn't be too hard to find.

Good news is that in spite of whatever you THINK you can do.....the reality is that nothing you do or say is going to change a single thing in that regard, ever. If you don't want your kids to be crushed by crypto, find the time, do some research, and start educating them. Otherwise, all you're doing is blowing hot air at strangers over the internet that don't give two craps about the future of anyone's kids. And even if they did, greed is stronger. Hence, you get all these artists (that typically would be .....liberal.....save the trees and all that, or at least a LITTLE eco-minded..) pushing things like NFTs, which is probably one of the worst wastes of electricity that's ever been invented.

The odds in a casino are never in your favor.

Fan merch in their team store.

Last I saw, they had sold about 45k worth of stuff via Doge.

Don't let the amount bother you! I've been playing with various crypto for a year or so with less than 250 bucks base investment in. I don't have money to risk excessively, and my priority will always be my 401k and company match first. We can't all throw around 15 or 20 grand like it's a fart on the wind, and that's okay. It's just another option to invest.

Yeah, I can only make 8-12 bucks a day mining via NiceHash, but you know what? After electricity cost....that pays my full electricity bill and then some. That's not insignificant to me, and it means I have more money to save or pay down my house.

Is it actual pain, or just more rich white guy alligator tears? And if it is...why? They're rich. If they overextended themselves enough that a 2.6% cut in their income, which at the low end of the bracket is roughly 10,100 dollars ("top individual income tax rate would rise to 39.6 percent from 37 percent, reversing the Trump administration’s tax cuts for the highest income taxpayers.") is going to sink them or cause them any REAL pain.....out of FOUR HUNDRED THOUSAND dollars a year...

They done f'ed themselves there. You'd have to be a blithering idiot to make 388k/year and be reliant on a margin of 10k to separate living comfortably from having any kind of difficulty. Idiots living above their means...

I make like 50k/year. I've taken roughly 5-7% in pay cuts in the form of increased medical premiums over the last 6 years! Learn to manage your money, people. Every bloody raise I get annually is immediately mooted 3 months later when they tell us our new medical costs.

Anyways...more on topic... Doge is bumming me out. Gonna have to have some diamond hands for a while, I guess.

On the upside, I feel like I've been waiting years for a really big bear market in crypto to put money in so.....

How odd that RH decides to run maintenance in the middle of the day on a weekend.....and it's only on crypto.....

Oh schiesse. You're right, I did not math that correctly at all. But that just makes my point even more, yes? : |

Sure must be nice to have ~120k to just play around with...yeesus.

Doing it right, this guy actually deactivated his account to boot. Props to him for backing up his words.

Next time I deactivate, it's permanent and out of my hands. Aside from this thread...I'm not sure I'd be missing a whole lot..

Stop posting your account holdings...you're making me jealous (and sick to my stomach thinking about how little I'm able to invest in anything at 40).

Yeah, I don't generally let it get me down too much, but seeing someone with twice in crypto what I have in total saved for retirement at this point kind of accentuates just how bad my finances were for over a decade. Ugh.

In other news...

Why is Coinbase Wallet such an UTTER PIECE OF GARBAGE?

Every time I load it, it harps about turning on Google Play Protect.....provides a button to open the setting to do so, and then says it's already turned on. I've also confirmed that in my settings. It's ALWAYS been on. Also, there doesn't seem to be any actual way to transfer from Coinbase to Coinbase Wallet, other than going through the desktop Coinbase site, and then they're still eating like 10% in fees for "miner fees" and "coinbase fee"... when I tried to change the funding method to Coinbase instead of a credit card, it's just greyed out and won't let me click on it.

My god, this is trash, but I'm already tired of having a wallet for every specific bloody crypto...

Oh, my 401k is already Roth, has been for a long time. I should probably set up an IRA as well. I used to have one, but I had to clean it out 15 years ago when some major medical problems came up. Pending a currently odd situation with our housing (moving into a friend's house and going to rent out our condo, but need to do some fairly major repair work) then I'll have a better idea what I can actually get away with putting into that, or upping the 401k from just 6%.

So....more related question. People that are staking stuff...how much are you staking at once with the ETH gas fees eating away at gains? Like, is it even WORTH staking something like ADA or AMP if you only have 100-200 bucks in it, or is it just a buy-and-hold game until you reach some threshold where it makes sense to pay 50-100 bucks in gas fees to stake? Even with like a 10% annual return, you'd have to stake 1k and wait a year just to recover your staking fee in ETH gas, right, or am I completely missing something?

Oops. Well...that explains a lot.

Right, and with the notable exception of Doge (though at this point I'm sitting on like 150 bucks of Doge that I need to go back up to like 65 cents to get out, LOL), I'm usually a longer term holder than I am a day trader, so consistent returns while something sits are good for me.

I'm honestly just tired of watching my 401k returns, which ARE better than average, still be dwarfed by almost anything crypto, so I'm pushing out into other things than just beefing up the retirement accounts only. It's convenient to have it all in one place, but at this point, I need bigger gains to make up for lost time. Gonna have to take some risk to get there.

Yeah well, there's a reason why my crypto investment thus far is like 1/136th of my other retirement stuff, heh. I'm not putting in crazy amounts, or taking away from what I'm doing elsewhere. I spent 50 bucks earlier today as an birthday present to myself. Most weeks, it's pretty much zero new money into crypto. Still, one can never truly know enough, while I'm not buying a lot of crypto right now, it's good to know how things work, especially if this becomes a bigger facet of the overall finance picture.

Technically, it's Thursday, but thanks.

Here's the issue with NFTs as I currently see it (aside from the ridiculous energy cost of minting NFTs on Etherium specifically)...

You create this "digital asset" or "proof of ownership", but what's stopping the creator from just making another one and selling it as a "second edition" "third edition" and so on? Nothing. Nothing at all. You're entirely reliant on this piece of blockchain data saying that someone at this receiving address is the owner of that piece of content. Who do you dispute this with when your value is entirely diluted by more editions being minted? I don't think any government entity is going to give a crap that you spent 50k on a 20 year old youtube video that's been viewed 40 million times and reposted in 300 different places, or a clip of a NBA highlight that was aired on a network that paid for broadcast rights for that game, and still retains the rights to that video content in spite of the team or NBA saying "this is yours now."

There's nothing to prevent duplication ad infinitum of the original content, nor the NFT itself, and nobody to settle any disputes that come up. It's entirely reliant on FOMO, and the creation of entirely artificial scarcity that can be upended at any moment the NFT creator wishes to pocket more money. There's no obvious legally enforceable contract, and no physical object to claim. This is IP exploitation, and most of the smart people already seem to have bailed on NFTs in general.

It's all just a bunch of "look at what I bought!" with no basis in reality. Until someone finds a way to link NFTs to the actual things they're purporting to sell and give the new owner absolute 100% control over it, including the right to deny issuance of additional "editions"... it's a joke to me. If I could find some way to part some idiot from a few k's by making and selling a NFT right now, I'd do it.

Potential, yes, but currently it's fully unrealized, and anyone spending money on this garbage is getting literally nothing in return, unless they manage to find the schmuckier schmuck to pay even more than they did.

I did a painting of a moogle from Final Fantasy a while back. Can I NFT that, or is it Square's property? If I keep the original painting, and the NFT is only for digital rights, does the "digital ownership" really exist, since I've never taken a high-rez photo of the painting or had it scanned in any way? These lines get even more blurry when we're talking about content created entirely in the digital realm. Maybe I'll NFT my Voltron vector redraws that I'm going to use for the WPT->Voltron conversion project (Yes, that's still a thing that I'm set on doing even though I've made almost no progress in the last 2 years due to money).

If I was seriously considering buying a NFT, I want to know exactly how I "own" anything other than a token that purports that something artificial belongs to me. I want to know who's allowed to legally reproduce that thing, how I enforce my own rights of ownership etc, and I think these questions all remain largely unanswered. A blockchain showing that a NFT belongs to some address doesn't tell me WHO it is. It doesn't tell me who I need to talk to in order to license or otherwise secure permission to use that content if I want to use it.

They're going to have to tie these things to something more concrete than just a single mostly-anonymous blockchain entry if they want it to progress beyond this moneymaking speculator crap, and into something that's legitimately viable for BOTH content creators, and purchasers, to want to take part in. Eventually, the idiots will run out. It might be to the next fad, or just because they all eventually realize that they don't actually own the rights to do anything at all.

Hell, I have an EDM album that I made 20 years ago that I'd love to sell as a NFT. Let's start bidding at.... 100k, but I'm keeping the original files. I'll send you the token.

That actually makes more sense to me than selling all these digital media files. The only advantage over this being "DLC" sold ingame is that

1. You have the potential to market one-off or extremely limited quantity cosmetics for games.
2. The market will ultimately set the price, as there exists no current mechanism for an auction style DLC that I'm aware of, and this bypasses things like Ebay taking a cut of the money.

But hey, that's a valid use case right there for NFTs in gaming, if they could hook it directly into the game. I still think it would be ludicrous, but it's still filling a niche that doesn't exist. I don't know if you'd piss enough few enough gamers doing something like that to not offset the profit from the NFT, but it's a possibility. And if those NFTs are transferable, there could be a large aftermarket for such things. Just look at Steam Marketplace for Counterstrike....

The MMO I met my wife through had items ingame that were so rare that you were lucky if there was one of each of them on a server of several thousand players 5 years after they went ingame. I actually bought one for about 150 bucks. That's pretty similar. No other duplicate (that we know of) was ever dropped on our server before the game shut down. It wasn't massively overpowered, but it was very very close to extreme top-tier gear, and it had a unique model that no other weapon of that type did. I actually made a character that is mentioned in the lore text for the weapon to use it, because it was a fun concept to play around with giving a story to a character that was just a blurb in the text on the weapon description. I could TOTALLY see things like this playing out as single-issue NFTs in games.

I think I missed that post. I'm only on here sporadically lol.... I'll try and take a look at it soon and respond. Can't watch it right now.

Anyone watching the IRON/TITAN drama? It's utterly fascinating, and tragic.

I did a meme thing and bought 576 million TITAN for the lulz (hey, it's my birthday week) last night. No, it won't ever come back up, nor do I expect it to, but the hour of laughing my ass off and also learning how to use swaps was worth every cent of that 50 bucks or whatever. Hell, I could sell back out right now and break dead even aside from coinbase and ETH fees. It's just amusing to me to think that if they ever do fix it somehow, or enough idiots are still buying it to push it up to just .0010 cent each, I'd be a millionaire. It won't ever happen, nor should anyone ever buy IRON or TITAN ever again after this, but it's fun to look at the wallet and see that ridiculous amount of tokens.

If it makes me a millionaire, it's worth a shot. Lemme dig up my 15 year old twitter account that I've never used.

Wow...I dunno what's going on with IRON/TITANIUM other than some extreme speculation (of a dead coin that can't be fixed by the developers......???? Yeah.), but I got rid of my 577 million TITAN this morning for all of 74 bucks, assuming the swap transaction went through. Didn't have time to verify fully before I had to leave for work, heh. In the end, I'll end up making next to nothing, and losing nothing, but it was a fun learning experience in doing crypto swaps.

Yeah so for whatever reason my transaction did NOT go through this morning....

Just checked QuickSwap? Apparently the price kept going up all day...so instead of 74 bucks, I just got 135.68. So....more or less 200% gains for me after fees and whatnot. I have no idea why people are buying TITAN, but whatever. I was resigned to the loss of all of it from the moment I bought it, this is a nice surprise.

https://www.livecoinwatch.com/price/IRONTitaniumToken-_TITAN

Been trying to figure that out for a few weeks now. There's no logical explanation of why this coin is still around, but people are still buying and selling it. What does it do at this point? Hell if I know.

Math is hard.

Oh really? Might have to see if mine could do that. I have them for some of my retirement accounts.

This shit running on Binance? How the hell do I get BNB (for gas, presumably) without spending 50 bucks (Atomic Wallet), or having access to Binance at all since US/TX/No VPN. Really about to say to hell with it all and get a VPN...at least I know my roommate/sorta-landlord would be in on that, and willing to do the dirty work. :p

Anytime I've tried to do anything on PS, it's wanting to charge me BNB for the transaction fee. Is there something specific to USDT *specifically* in this equation?

This requires BNB for gas fee. Ask me how I know. I sent the USDC I planned to use to swap for CAKE, sent it to BSC, so now it's in my BSC wallet in Metamask, but I can't do anything WITH it, because I have no BNB to pay the transaction fees, nor apparently any direct way of getting BNB without either buying 50 bucks worth through my Atomic Wallet (which honestly isn't THAT big of a deal, it's just fucking annoying when I only need a few bucks at most for transaction fees), or brokering an off-exchange deal with someone to purchase a small amount.

Well....at the very least I've backed myself into a corner now. If I want my USDC back, or to do anything with it, I'll have no choice but to get some BNB.

I'll probably still be holding my 150 bucks of worthless Doge.

I'd have to be able to file itemized...not once in my 40 years have I *ever* had enough deductions to file itemized, and believe me...I do check it every year.

Man what a garbage site...I'm not sure I've seen that many ads on one page since Geocities stopped being "a thing". Oof.

Um...I need to look into that. I got rid of my IRA a very long time ago, still have a 401k, but if I can put more money into crypto and take that off my earnings....yeah, I'm gonna do some of that.

That's entirely fucking ass-backwards to only give a pass to proof of stake and not proof of work. I'm sure that has ABSOLUTELY NOTHING to do with idiot politicians trying to get in an extra benefit for fossil fuel producers and power companies.

Yeah seriously. That's a big WTF.

I can't even access Binance here because they =aren't= pro-crypto. TX is like one of seven states that Binance cannot operate in.

Connecticut, Hawaii, New York, Texas, Vermont, Idaho, and Louisiana.

You want to know what Ted Cruz is interested in? Ted Cruz's career in politics. That's IT. End of line.

Many people probably saw there was an amendment to fix the issue, resumed their investing, and have not realized that the amendments are off the table yet. My personal guess.

Ah, yes, you're right. Crap.

Uh yeah, they're already doing that in the investment sector, and have been for decades. At least if there's no taxes it's a level playing field. Add the taxes and the only ones that will be paying it is the middle class investors. The rich bastards will find a way around it, just as they always have.

You're a bit late. That part of the discussion was already over.

See, that's what happens with *REASONABLE* people participating in a discussion. Not everything has to carry on and be a bitchfest.

You're the one downvoting and talking shit. Who's the passive aggressive one again?

*edit* Nice try at hiding your post with the edit there.

My understanding is that they're going to try to do something in the House with regards to getting the amendments put back into the current bill, since the Senate did it's usual Senate things and screwed the pooch. Beyond that is likely anyone's guess.

I moved pretty much the bulk of what I have into pancakeSwap staking. It took forever to figure out how to get BNB without having access to Binance itself, but I can explain it now if anyone needs a rundown..

At least so far, that's working out well. Math is coming out right about where the APR currently shows (~96%) Also got the wife's computer set up for mining as well since she hasn't been really using it.

I'd love to dump a ton in there when I sell my Iron Man, but with the POLY hack, a bit nervous about pumping large amounts in there. I'm also concerned that prices do eventually drop to pre-stimmy-check levels means I could lose a LOT of the base value, but at least so far, I'm up 10% on the base value of the tokens alone, which is interesting, but unexpected. Would love for things to hold steady for the next year and get my Ultraman for almost half price...

The really sad part is that I was delivering pizzas myself around that time, and opted to not invest in bitcoin because it seemed like such a ridiculous prospect I wasn't going to put any money into it. If a customer had offered this, I would've taken it, though, because 41 bucks was only half of what I was taking home every day in cash. I worked a very busy, very large area (Not kidding when I say our store covered approximately 50 square miles... it was about 10 miles east to west, and about 5 miles north to south....).

Yeah, it's actually not THAT complicated! I'm not sure why it took me like 2 months to figure this out, but here's the gist of it...I'll find the youtube video I watched after I get home from work tonight and edit it in here..

The thing is you cannot transfer native Binance coin to Metamask for use on things like PancakeSwap, and the only option I had to buy Binance coin is for the native one, not the smart chain which PS uses, so you need some way to facilitate both the purchase of BNB, as well as a mediator to get it over to the smart chain.

1. Set up Atomic Wallet account if you don't already have one.
2. Install Metamask and set up account if you don't already have one.
3. Make sure Metamask has the Binance and Binance Smart Chain networks loaded on it....it should by default but instructions to add them are easily google-able.
4. Download the Binance Chain Wallet extension for Chrome (https://chrome.google.com/webstore/detail/binance-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp?hl=en)
5. Transfer crypto to Atomic Wallet, or purchase BNB coin outright. Make SURE you doublecheck the minimums for transfers, swaps, and purchases, because Atomic vastly prefers doing larger transfers. If you leave small amounts of crypto in Atomic, you're likely going to have to buy or send more to the wallet to get stuff out of it. I've got about 30 bucks in Doge and ETH just sitting there because they're too small to transfer out lol.
6. Get address from Binance Chain Wallet.
7. Send BNB coin from Atomic to Binance Chain Wallet.
8. Send BNB from Binance Chain Wallet to the "0x" address for your Metamask. BCW *should* show that this will be a cross-chain transfer, as you're sending it to the Binance Smart Chain.
9. From there, you can use Metamask on PancakeSwap to trade BNB for Cake for staking, or doing liquidity pairs, or whatnot. Basically at this point you have access to all the tokens on the BSC via swaps.

Yeah, you lose a little bit in fees having to go this route, but it's relatively quick and easy. The longest wait part for me is doing the swap on Atomic for BTC->BNB.

I *highly* recommend doing a minimum value transfer first (or just slightly more than minimum) even though it's extra fees, just to make sure you're doing it correctly. That way if you send it to some fruity address that's not recoverable, you're out like maybe 30 bucks at most.

*edit* Here's the video link for my fellow visual people.

I dunno why Coinbase would have USDT frozen, or why they wouldn't support it on their platform. It could be related to that Poly hack, as I believe USDT did freeze some assets afterwards. They may be trying to unwind all that. To be honest I've kind of moved away from Coinbase in general. The only reason I used them in the first place at all was because NiceHash withdraws to Coinbase with a much lower or zero fee. But the fees to move it out of Coinbase to where I needed it negated the benefit so.....why am I paying a middleman?

"About one hour after Poly announced the hack on Twitter, the hacker tried to move assets including USDT through the Ethereum address into liquidity pool Curve.fi, records show. The transaction was rejected."

Okay, legit. I love it. I've always had a weak spot for silly covers of other songs, so you got me there. My wife gets annoyed when I insert lyrics into her favorite songs that don't belong there.

What was the ratio of Coinbase fees to just gas fees? 50 bucks on gas for a single set of transactions seems really odd, other than the fact that you did it in the middle of the day on a Saturday, which is going to contribute quite a lot to how much you're having to spend in gas versus submitting these transactions after say 10pm Central or so.

Pretty much says it all right there when the Coinbase fees are over 50% of your cost. I agree that if that's your only option, that's not going to be very viable for smaller transactions. I would have to go calculate the specifics, as I just tend to give it a glance and if it's not entirely dookie, I don't pay much attention to gas fees. I'm pretty sure my exhange fee on Atomic for BTC->BNB was around 1.75 for 270 bucks worth. Fees are going to be higher on outright purchases with fiat...especially if it's via credit/debit card, though. I have done that on Atomic, and I remember being irritated, but I'd have to go look up the specifics.

FWIW, the fees you listed for the other parts all look to be around what I would expect to see.

Primary risks as far as I know are:

1. CAKE tokens drop in value substantially, removing much value of what you've accumulated, and potentially annihilating your original investment with it.
2. Pool gets hacked and drained, and the currency doesn't get returned.

There's a lot of other weird stuff with liquidity pools where you're putting in 2 types of currency to provide liquidity (look up "impermanent loss"), but that's my big two fears right now, at least. CAKE in January was 60 cents... it's now 20 dollars. The daily volume in January was 4-6 million....and now it's like 450 million. If interest drops off or there is something like the POLY hack that makes people less interested in it...it could drop quite a damn lot.

Nope, I don't have 105k to lock up for 3 years.

They're saying the difficulty spike to kill PoW is November. The stuff I'm referencing came from an article (*edit* 3rd party, not ETH) from last November, so the "3 years" thing is probably wrong.......but at least currently, nobody actually knows when you'll be able to unstake. Definitely not until after the merge, and they have to do a small update after that to enable unstaking. So at minimum, if you wanted to start running a validator node today, you're locking up 100k+ for at bare minimum 3 months assuming they get that updated in November as well.

Pffft....tell that to Sears and Citibank. We haven't had SQUAT of substance on that card in YEARS... it's got like an 8.75k limit on it. We used it long long ago to purchase an oven and some other appliances, back when we were truly living paycheck to paycheck and had no other option. I think they're going to keep it open forever just on the off chance we're ever stupid enough to pay 19% APR again. My understanding is that you just need to use them every few months......not that I do that. Half my cards haven't had a balance at all on them in the last year. One is pushing 18 months, and one other very small limit one hasn't had anything on it in so long, I don't even KNOW when it was last paid off.

Yes, we have too many cards, and really screwed ourselves for the better part of a decade. I'm just glad it's all under relative control now. I worked myself to the bone to keep things afloat for years and years, to the point of having multiple jobs and working 60+ hour weeks months on end for peanuts, and never had a single late payment. Credit score has always been moderately good, but now it's like 821 or something. Still have more debt than I'd like, but it's not on the cards anymore. I've earned the right to brag a little at this point, I think. Lots of people lose this fight and have to go through bankruptcy. I would say I got lucky....but luck had so very little to do with it...

Always pay this crap off before praying for a moon on crypto. That's my 'expert' opinion as someone that suffered through crippling debt for a very very long time. It can sneak up on you fast, and it's extremely hard unless you're diligent with money and making way more than you actually NEED to just pay the minimums. It's not worth a lottery ticket to sacrifice your credit rating.

Well, okay, that's entirely incorrect. It IS a credit card, I can use it other places than Sears, and have. I haven't bought anything from Sears in over a decade, and even when we did initially use that card, it's not like we were buying Kenmore or whatever their house brand is.

Always the best advice. I actually had this happen on a trip to pick up a pin in Houston.

My air conditioning has been out and we're on emergency coolers for the two rooms we can inhabit currently. Problem is the bedrooms are 15a circuits and.....the cooling units pull 15.7a....so........ I don't really want to turn on my uber-PC at the moment until the A/C gets fixed. It's 98F in the halls and main rooms during the day right now, and 80F in the bedrooms, so even aside from possibly burning the wiring, that's just not a temp I want to run my PC at.

I *think* I'm up ~20% just on the base value of CAKE, so I'd really like to claw back some of those gains...but I'm just gonna keep my fingers crossed and let it ride out until our stuff is hopefully fixed tomorrow. ~_~

Both WinRAR and WinZIP both support this, for the record.

I'm not touching NFTs with a 10 million mile long pole. Utterly worthless other than FOMO value.

Fools and their money. *shrug*

Frankly, I hope the creators of these things walk with billions of dollars. It's the greatest legal scam I've ever seen. Literally selling vapor and people are paying thousands of dollars for it.

You just made my entire point for me. Thanks. Not a single cogent argument for how they're NOT just FOMO fodder for the rich and/or stupid. What do they do? Nothing. What rights do you get by owning them. None, aside from being able to sell it. The only purpose is to fool idiots into spending money, and then getting other idiots to spend more money. At least the state-run lotteries give some money to schools.

Why so defensive? You clearly fit into my statement here. Congratulations on your profit.

*edit* Any of you guys want to buy a pinball related NFT? I'll go put up some of my pixel art (which I have previously shared here) as a NFT and you can pay me. I'll actually sign away reproduction and use rights for it. Low low price of 2 ETH so that I can buy a new A/C unit for my condo.

See, and I tried to be a bit more open-minded...looked into Axie and I just don't get it. Like...I'm not going to spend hundreds or thousands of dollars up front to play something that looks like Zynga junk from 10 years ago?

*Edit* Cheapest I see on their market is 188 bucks, or the price of THREE AAA games. I'll stick with Metroid Dread.

I'd say I'll try to find some videos or something...but frankly I just don't have the time. The A/C unit in my condo (that we're supposed to be vacating for our rental tenants in 12 days!!!) seriously is dead (wish I was joking about that..), and I'm on mandatory overtime...but I'm working at least 63.5 hours for the next two weeks assuming our voluntary overtime doesn't get cancelled to try and pay for this crap.....money was supposed to be going towards Ultraman, now I'm not even sure if I'll be able to keep Ultraman or not.

Good times.

*edit 2* I think the entire point is NFTs having any value beyond FOMO is still in "extremely early adopter" phase. If you have the money to gamble, go ahead. I don't. Until it gets to a place where it's affordable for people to drop a *reasonable* amount of money, say 60 bucks, to get into these gaming systems, I don't see myself giving a single hoot about it. It seems Axie has some way to "rent" them.....but again...time, and my personal interest is almost zero because it looks like a typical cell phone game.

Someone integrate unique NFT-and-one-only cosmetic gear or housing items into Final Fantasy 14 if you want to sell me on it.

Well....that's nice? It's still a lottery ticket. I'm not interested in what *was*. I can't go back in time, only forward. Bitcoin was less than a dollar when I first found out about it. I'm not going to spend my life worrying about the things that happened for other people that didn't happen for me. I'm not interested in get-rich-quick schemes, period. Those are games for the already wealthy, or the extremely careless, not someone that makes 42k/year and has responsibilities to their family to provide a stable environment.

Without some way to bring in new blood, the economy will stagnate and die, just like in many other games in the past. Do they have enough addicted whales to pull off the gatcha-type longevity of say something like Final Fantasy Brave Exvius that's been running for 5 years, or will they just die out from attrition as other copycats come out, like so many low-tier gatchas and MMOs do? Impossible to say, but I don't for one second believe that 300 dollars for entry is a price point that is sustainable. The game could run for a decade, or one year. I have no idea what their development and operating expenses are like...if they're very minimal because everything is just procedurally generated and the backend doesn't take much maintenance....they could be around for a VERY long time with comparatively few active users.

Stable returns over instant gratification has saved my bacon countless times. I'm not going to throw that away just because other people are losing their damn minds over this or that "new hotness". I'm quite happy to take larger returns than my 401k at very little risk right now. Once I get the A/C fixed, Ultraman, and my house and other debt paid off? I'll have more money for gambling at that point, and I won't care if it disappears or not so much.

Lots of other people can make money on this stuff right now. Good for them. It's not for me, and I fail to see how it will ever be at this point. It's going to take something far more interesting than these "games" like Axie. I'll be waiting on the announcements of those major licenses. If Nintendo/GameFreak decided to get in on this crap with Pokemon, it would make Axie look like utter garbage.

Star Atlas looks like someone is trying to build NFT stuff into EVE Online/No Man's Sky. That's more along the lines of what I'm talking about. It looks like an actual game that might be fun to play even if you don't heavily participate in the NFT part of it. Second Life has made a killing with stuff along these lines...not that I expect Second Life level of freedom to do whatever, but SL to me is the most successful model of commoditization of player-owned and designed items.

CAKE is down a bit... I put the money I'd pulled out last week back in it. Just felt like it was time, though I don't have any logic for this. I almost instantly regretted it, and it was probably a bad decision, but at this point, I'm just going to let it ride until it spikes back up, or if it looks like it's going to continue downward in a substantial way....I just need to get back out before it goes below 18.

Extremely wary of putting a bigger amount into it, and I've still got a few days to wait since minimum stake time is 3 days to withdraw from pool without the .1% fee.

When I looked into it months ago, the largest issue seemed to be getting equipment....might be reconsidering the wait now...

The hex I live in says 30 day earnings was 283 bucks?

Hm, I think the other reason I balked on this previously was the fact you can only pay Bobcat in crypto. That's one thing for something I trust, but for someone sending out stuff on a 20 week lead time.....uh....that's a lot of time that stuff could just suddenly not show up and money disappears with no recourse. Ugh.

The real question, and one that everyone seems to be dancing around that invests in these things is "Which ones, and how much did you have to pay in to get that kind of a gain?"

I mean...I understand why. Why the hell would you tell anyone else -how- you're making money hand over fist, right? I don't expect you to actually answer that, for the record. I am curious, though. Did you actually sell any of them, or just sitting on them?

Getting real salty over CAKE. Seems to be going nowhere. I guess that's good for liquidity providers, maybe. They make more money on stability than prices bouncing all over the place if I understand things correctly....but it's not fun to watch or participate in.

Thanks. I'm rocking a migraine and I'm just gonna step away for the rest of the day. If you hadn't responded I was actually going to just delete the post.

I find it interesting that procedural generated "stuff" is generating a lot more interest than original one-off artwork.

His answer wasn't BS, those are two specific NFTs that he said.

I was just about to ask the same thing CAKE *cratered*, losing 22% or so since 1am... WTF.

I'd rather play a 30 buck lottery ticket than gamble 3k+.... jesus.

SMH...

I'm so out on all this crap except for making my own NFT and selling it as a standalone thing. Screw all this rich f-u money get richer quick crap. Enjoy the profits while they last, you already wealthy geezers.

Really? I'm only 41. Also, technically, "geezer" can just mean "man."

I have no idea what age anyone here is, nor do I actually care to know, so it's just my way of saying "ya'll" without being all Texas about it.

Lots of ways I use words confuses people, you're hardly alone in that. You're not wrong, in that IS the general connotation, especially in the US. It's both a blessing and a curse to be fond of etymology.

NFT = Not Fully Thinking

My advice? Just give up. Some things make no sense, and some of those things aren't worth the effort to understand.

NFTs are the same as people paying ever-increasing prices for NIB games. There's nothing you can do about it other than just sit back and watch, or choose to participate, and it's not worth the effort to understand, unless you're trying to sell your own NFT.

I'd had that thought, but I wasn't going to be the one to bring it up, since clearly I'm biased.

Honestly, I think it's fine on here. It's not like it's completely drowning out crypto talk.....there's just not much going on in crypto right now to talk about, really. I guess we could talk about Shiba Floki, or Baby Floki Inu, or BabyFloki, or Floki Inu...... *facepalm*

https://kotaku.com/nft-game-steals-artwork-gets-called-out-deletes-accou-1847662161

Even the wife asked me about NFTs last night after finding out that Ryan Bliss (Digital Blasphemy artist, sells desktop backgrounds. She's got a lifetime subscription to his stuff.) is selling NFTs of the same shit he's had up for sale for years. You get no rights, just the original resolution render. She is just as confused as I am to why people are spending thousands of dollars on an easily replicated file with no rights and no guarantee it won't be re-sold or re-issued again.

Yes. And I did explain the other stuff to her as well. He's doing exactly what I said people SHOULDN'T do. If I sell any of my art, I plan to attach the rights to it (mostly in the hopes it will bring more money, as I'm too lazy to commercialize anything)

So...

3500 for an animated GIF, then? Does kind of remind me of Haunted Mansion a bit. Guess Disney rubbed off on ya.

*Edit* sorry if that sounded assholey or whatever... legitimately asking if there's more to it or just the pic...

I would say there's a certain value in trying to understand things, even if it's not specifically "for me".....but sure, please continue with your elitist snooty diatribe. I've mentioned multiple times on this thread that I might be interested in putting up some stuff as NFTs. I don't have to be interested in buying them myself, as I have no intention to waste money on false rarity easily replicated digital items.

And I just learned something new: Someone is actually making frames to display NFTs on the wall! To me, this adds a measurable amount of legitimacy for the ones that exist "just for art's sake". If I can buy a frame that connects to my wallet, and display them, they become more than just some useless digital chaff in a wallet somewhere, they add to my environment in the physical world as well. Pretty cool. Still doesn't address the replication (or resale as Xnd/Xrd editions) issue, but it does provide a convenient way to share them with the world after you purchase them without sharing the actual file.

https://tokenframe.com/

Okay. Perhaps I'm being too defensive or misunderstood your tone, then. I f'ing hate text...been waiting 20 years for video messageboards so that I can hear tone and read body language. Sigh.

I'm not going to pretend I have the first clue what goes into producing 3d animation. I know it's far beyond my skill base at this point, and clearly your name and work history potentially carries weight with it that would justify prices. Let me see if I can put this in my frame of reference, as it's not necessarily about what you're doing, but more of a general question that I'm interested in a seller's perspective:

I believe that most of us will agree that the "artistic quality", at least of most of the 'generated from parts' NFTs is....pretty bad, to put it lightly. Some of them are tied to other things like profit-sharing or whatnot. Throw all that out the window. I'm talking about *purely* art. No other stuff attached to it. Given the dubious quality of a lot of the non-animated, 2d stuff I've seen offered as NFTs, would you personally ever spend 3k+ on something like a Crypto Dad, assuming it was a one-off piece, not part of a randomized collection of multiple thousands of similar pieces...just to have it for aesthetic reasons? I have to believe the answer is no. Sure...art is highly subjective and personal taste always applies, but... man a lot of this stuff is just laughably low effort and downright ugly.

Even the stuff that's not goober trash, like Ryan Bliss' art, is available at very high desktop resolutions very cheap. Is a 5000x5000 resolution "original" with no licensing or copyrights really anything more than an art print... and if so... why in god's name are people spending this kind of money on it? Sure, I can just throw shit at a wall and see what sticks, but if I seriously wanted to dedicate any real time to learning the process of creating art NFTs, I'd sure like to understand more about why people are buying them...especially when so many of them are so ugly. Is it just speculation run wild, or do people really see this as the future.... infinitely reproducible, but the "Certificate of Authenticity" vis a vis NFTs, is what's actually worth money?

That's interesting, I'll check that out. Thanks.

Fair enough. So basically, just get out there and try to sell shit and if it sells, great, and if not, don't put any further effort into it.

Hard to do marketing when the motivation of the buyer is not known. It's pretty clear with "rarity lotteries" and game/functional related NFTs what the draw is.

Maybe some goofball will think my painting of a fat moogle with a beard and some tulips is worth 3k. Who knows, right?

If they made 10 million dollars a year on the casino, and rewards are split evenly among all 7777, it would be 900 bucks a piece.

*scratch head*

What's the point of that? Push down all prices to get rarer stuff on the cheap hoping that it all bounces back enough to justify the immediate losses? Pretty ballsy.

Meka is interesting in that they're going to raffle off minting slots instead of just having a gas war. Still don't know that I want to lock up 700-1400 bucks for 1 or 2 but...at least you're at a static cost not some random amount just lost to failed transactions.

Yeah...I've about had it with Doge. I've been holding onto this crap for forever and a day. The next time there's any appreciable increase, I'm selling what I have and taking the loss. I'd already written off the money in my head a good long while ago....just sick of looking at it. Might as well just write it off for real. Planning for this year to be the first year that I actually hire someone to do my taxes.

CAKE also crapped out 10% over the last 24 hours.... was finally back above my break point, too. Was going to dump that out to possibly try to get in on Mekas.... not so sure about that now.

Only specifically to buy Meka NFT. That's the only reason. It's a lot more palatable than me coming up with another ~700 bucks out of thin air.

I may be getting 80% interest, but as of yet, that's not enough to offset losses of the token value itself. It's just slowly lowering the break even threshold, really. My initial purchase was somewhere around the 22 buck mark, I don't have the exact number handy.

There is that possibility, but at the end of the day, I got murdered by something that I knew when I bought into Doge in the first place:

Stupidity.

It looked *just enough* that Doge might be able to outrun the fact that it's minted at a completely ludicrous rate to fool me. I should've (and did) known better than to put even a measly ~200 bucks into it. Now I'll be lucky if I get 60 bucks back out of it.

Screw Doge. Don't ever buy it. 10k DOGE/block reward is dumb.

The only "easy" money anywhere in life is literally winning Powerball (or similar). Buy the ticket, get rich, that's it.

Everyone would love to pretend that cryptos and NFT are SOOO EASY CMON BRUH, but that's a load of BS if I've ever seen it....

You know what's "easy" in crypto? Nicehash. You know where nearly all of my crypto money comes from? Nicehash. Pretty sure at this point I've made almost enough to have paid for my 3080.

Target launch date for the raffle/minting was pushed back to oct 2nd/3rd per their discord announcements yesterday.....which would be great for me because I'm off work both those days. 2nd is actually my anniversary, heh. Could be my first NFT buy, and first concert in years.