Millz

5y

I believe he got approvals. There are fakes out there but this one is official

Nine Arts Dragon

5y

Wtf the naruto punks got sold

Millz

5y

animepunks >

https://opensea.io/collection/anime-punks

Mango

5y

Been reading about how easy it is to launder money this way. Pretty much its actual intended purpose. Crazy how the NBA was instrumental in its takeoff.

Jozen

5y

It would be foolish to assume no illicit transactions take place in NFT's. But it's also careless to say that money laundering is "its actual intended purpose". You sound very ignorant and brainwashed by whatever article you read

Mango

5y

Sorry, let me correct myself. Its most useful purpose, and the only other purpose besides financial speculation using totems. One of us is definitely brainwashed though!

Jozen

5y

and cryptocurrency's most useful purpose is for shady dark web transactions! rightttt lol

ngmi

Mango

5y

That was a lot of its early use, yeah. Then it became mainly currency speculation. Most people want it to watch number go up even if there are more vendors accepting crypto. NFTs don't change that. People already use physical art to dodge taxes. This isn't a unique property.

Why are you so hostile lol

Jozen

5y

man I was being hostile lol? well I apologize

you’re right traditional art has been used as a means to evade taxes since forever, nfts are also an asset lol, water is wet

its just for you to come itt and say its not only its sole purpose, but its best intended purpose, feels very nefarious and haterish

like whats the point of coming in here and saying that all NFT’s are for is to launder money? you’re just asking for a response

its a fairly new market that is still blossoming and has made countless amounts of average people life changing money and friendships, but you gotta come in here and say its just to avoid taxes

the sentiment you share is very similar to the “crypto is just for illegal dark web activities” sentiment and is one of the reasons why its taken crypto so long attract any sort of state adoption

dont let haters fud you out of cool new things just cause they dont see the intrinsic value and wanna highlight one negative part of it to scare other people off too

Mango

5y

You are getting way to bent out of shape over semantics. Replace "sole purpose" with "most significant" and my point stands. Being able to use an anonymous wallet to launder money into a tax haven is a big innovation for this space. I presume it's also not as easy to do that with real art. That's the novelty here. Otherwise it's just people treating jpegs the same way they treated s***coins.

Jozen

5y

You’re wrong, you’re still highlighting its purpose as just an innovation in illicit trade. You wont even acknowledge the good NFT’s have done and can do. You’re checking all the boxes of someone who doesnt understand how NFT’s or the space works man

Mango

5y

I'm glad some actual graphic designers are making bank selling their stuff? One good outcome? That's not really the headline here. You're allowed to like NFTs lol. I don't care man. I'm pointing out one use case for it that is a pretty distinguishing feature. You guys might as well be collecting trading cards ITT. Have fun!

Jozen

5y

NFT NYC so soon

Mango

5y

That was a lot of its early use, yeah. Then it became mainly currency speculation. Most people want it to watch number go up even if there are more vendors accepting crypto. NFTs don't change that. People already use physical art to dodge taxes. This isn't a unique property.

Why are you so hostile lol

neon

5y

· edited

crypto is so much more long term than just speculation, art or a currency for paying for things hehe

all assets with value will move to crypto, it's a quadrillion dollar market

crypto is the most efficient way to secure valuable assets with total interoperability and clarity into the workings of it

unlike the current system that hides things from the end users in a black box

let me give some examples
1) tax fraud like you're talking about would be hard long term cause the IRS is paying billions to find people using things to anonomize, everything is permanently tracked forever it's Immutable
2) fraud like faking credit ratings like what happened in 2008 would also be impossible if anyone could audit the assets in real time, instead of the truth being hidden thru corruption
3) insurance fraud where companies don't pay for one reason or another could end with P2P smart contract pools that agree on set programmed values that are filled via a decentralized oracle network
4) concert tickets or home deeds could be issued as NFTs, you could easily verify the issuer and the cost in a second eliminating more fraud

we are towards the end of the first part of the web3 revolution friend

this is the internet in 1995, not beanie babies or a "currency"

8J6

5y

Will you be in attendance?

neon

5y

crypto is so much more long term than just speculation, art or a currency for paying for things hehe

all assets with value will move to crypto, it's a quadrillion dollar market

crypto is the most efficient way to secure valuable assets with total interoperability and clarity into the workings of it

unlike the current system that hides things from the end users in a black box

let me give some examples
1) tax fraud like you're talking about would be hard long term cause the IRS is paying billions to find people using things to anonomize, everything is permanently tracked forever it's Immutable
2) fraud like faking credit ratings like what happened in 2008 would also be impossible if anyone could audit the assets in real time, instead of the truth being hidden thru corruption
3) insurance fraud where companies don't pay for one reason or another could end with P2P smart contract pools that agree on set programmed values that are filled via a decentralized oracle network
4) concert tickets or home deeds could be issued as NFTs, you could easily verify the issuer and the cost in a second eliminating more fraud

we are towards the end of the first part of the web3 revolution friend

this is the internet in 1995, not beanie babies or a "currency"