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NFT collector accidentally sells their rock for close to $0 instead of $0
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Mar 11, 2022 10:10
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that's almost infinite % profit already
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Mar 11, 2022 10:19
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https://twitter.com/muradahmed/status/1502200522706767873
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Mar 11, 2022 11:10
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So is this where I buy the dip?
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Mar 11, 2022 12:14
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https://twitter.com/wallstreetpro/status/1502233356745986052?s=21
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Mar 11, 2022 12:28
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incredible gif embedded there
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Mar 11, 2022 12:56
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oopsie! I sold my 7 figure jpg to an anonymous untraceable buyer who could be anyone, guess I just have to write off $1m in losses on my taxes this year. guess we'll never know who I bought the rock from and who I accidentally sold it to for nothing oh these? these are my hardware wallets. I keep 3 on me for...redundancy. yeah, redundancy
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Mar 11, 2022 13:40
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gschmidl posted:A cartoon rock, or "crock", a cartoon rock of shinary digits!!! 
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Mar 11, 2022 16:32
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text editor posted:oopsie! I sold my 7 figure jpg to an anonymous untraceable buyer who could be anyone, guess I just have to write off $1m in losses on my taxes this year. guess we'll never know who I bought the rock from and who I accidentally sold it to for nothing
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Mar 11, 2022 16:37
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qirex posted:technically they sold it to a sniping script created to take advantage of this exact mistake on behalf of an anonymous untraceable buyer they're suggesting they're doing a tax fraud, though i'm not really sure that makes a lot of sense here unless they expect to have a lot of other sales they want to offset. even then they're certainly not able to deduct the $1mm loss, since their cost basis was certainly less than that, though it's impossible to actually find this since opensea is just full of copies of copies of copies
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Mar 11, 2022 17:08
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maybe they can just buy a copy then no harm no foul
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Mar 11, 2022 17:09
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just imagine, somewhere out there is a bright, vibrant comunity of people who just talk about how amazing and valuable their rock drawings are
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Mar 11, 2022 17:56
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the bid-ask spread on those dumb rocks is wild listed price: $1.8M highest offer: $77 https://opensea.io/assets/0xa3f5998047579334607c47a6a2889bf87a17fc02/70
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Mar 11, 2022 18:22
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Actually, this is good for Bitcoin because...  Wait no, it is the statists attempting to reign in a long running Mercury_Storm fucked around with this message at 18:30 on Mar 11, 2022 |
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Mar 11, 2022 18:28
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Endless Mike posted:they're suggesting they're doing a tax fraud, though i'm not really sure that makes a lot of sense here unless they expect to have a lot of other sales they want to offset. even then they're certainly not able to deduct the $1mm loss, since their cost basis was certainly less than that, though it's impossible to actually find this since opensea is just full of copies of copies of copies if you're going full-on tax fraud, you buy the nft from someone who totally isn't you for $1m and "accidentally" sell it for $1. now you have a $1m loss to report and $1m of dirty money that you need to launder somehow.
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Mar 11, 2022 18:51
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drk posted:the bid-ask spread on those dumb rocks is wild the art is even lazier than most nfts, too instead of mixing and matching parts they just put different color filters over the same rock jpeg 
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Mar 11, 2022 19:09
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aw man I just bought this rock for a few thousand, it has this amazing blue tint on the highlight and the shadows are just so dark, I literally can't stop staring at it. I'm thinking of getting it as a tattoo. Do you think disney would be interested in making a cartoon series about it?
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Mar 11, 2022 19:12
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I propose a cartoon series about people bludgeoning themselves in their head repeatedly with (ether) rocks until they get more and more brain damage, this will be GREAT and a producer will be picking this up soon I'm sure
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Mar 11, 2022 19:22
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pretty sure that one was intentionally made to make a point about how lazy NFTs are and then welp we live in a post irony world
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Mar 11, 2022 19:30
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Mar 11, 2022 19:37
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[Fred Schneider voice] Rock fraudsters!
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Mar 11, 2022 19:40
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novamute posted:pretty sure that one was intentionally made to make a point about how lazy NFTs are and then welp we live in a post irony world yeah though the rocks have actually been wash traded for a million in ETH a few times so its only part ironic
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Mar 11, 2022 19:41
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Escape From Noise posted:[Fred Schneider voice] Rock fraudsters!
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Mar 11, 2022 19:44
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Boxturret posted:just imagine, somewhere out there is a bright, vibrant comunity of people who just talk about how amazing and valuable their rock drawings are The whole "NFT as membership card" thing has been an interesting shift in the con, which I've particularly enjoyed after watching the Anna Delvey series on Netflix where she was basically running her whole con around setting up a similar "high-end, exclusive" membership club. That seems to be an excellent way to bring in a particular type of mark.
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Mar 11, 2022 19:53
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Look, it's an investment. It took me a couple of seconds to figure out if this was parody or not. I should have known.
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Mar 11, 2022 20:06
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repiv posted:hmm lol graph is showing nft search intrest dropping off a cliff btw
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Mar 11, 2022 20:10
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but surely the conservative investor who only invests in "blue chip" nfts is doing well oh
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Mar 11, 2022 20:17
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"We'll prove it by performing unethical experiments on members of the global underclass, bing bong so simple!" https://twitter.com/brad_214/status/1502247660782333953
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Mar 11, 2022 20:29
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or something
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Mar 11, 2022 20:33
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LanceHunter posted:The whole "NFT as membership card" thing has been an interesting shift in the con, which I've particularly enjoyed after watching the Anna Delvey series on Netflix where she was basically running her whole con around setting up a similar "high-end, exclusive" membership club. That seems to be an excellent way to bring in a particular type of mark. one of the things about crypto is it literally can't be "exclusive" because it depends on a steady stream of new marks but oh man do the folks who sell it lean on that language Juul-Whip posted:"We'll prove it by performing unethical experiments on members of the global underclass, bing bong so simple!" qirex fucked around with this message at 21:03 on Mar 11, 2022 |
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Mar 11, 2022 21:00
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Surely upon witnessing the glory of crypto these poor communities will band together to build a solar powered mining rig that will connect to the internet through satellites or something?
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Mar 11, 2022 21:18
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the only reason for the poor/unbanked to use any of this poo poo is to make some hodler money, that's it. there's no utility and the idea of a combination currency and speculation vehicle is as flawed as it was a decade ago
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Mar 11, 2022 21:21
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quote:By the end of last year “there was a general sense that there was saturation in certain parts of the market, particularly in primate-themed profile pictures”
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Mar 11, 2022 21:26
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i think it reached saturation point at one, with the current 2 billion it's so oversaturated that it's basically just monkey water with a few bits of dirt
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Mar 11, 2022 21:41
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qirex posted:one of the things about crypto is it literally can't be "exclusive" because it depends on a steady stream of new marks but oh man do the folks who sell it lean on that language a better experiment, give half the village $100 in cash and give the other half the keys to a bitcoin wallet containing $100 and make note of which ones tell you to go gently caress yourself
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Mar 11, 2022 21:55
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Potrzebie posted:lol, the conversion rate of WEI to ETH is 10^18:1
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Mar 11, 2022 21:59
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even accepting the claim that giving a bunch of poor people some garbage made up crap will somehow increase their standard of living that's called charity not capitalism
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Mar 11, 2022 23:05
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https://twitter.com/stereogum/status/1501587836650278912
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Mar 12, 2022 00:10
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are they owned by the radio shack guy?
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Mar 12, 2022 00:28
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| # ? Jun 6, 2024 07:41 |
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infernal machines posted:are they owned by the radio shack guy? no theyre self-owned
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Mar 12, 2022 01:23
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