NFTs | ktt2

neon 🍄

Oct 28, 2021

edited

Mango

1) The IRS has essentially been crippled. They are not an effective entity at all, especially when it comes to taxing people with the means to avoid them. I believe low income earners are actually audited at higher rates than the wealthy last time I checked.

2) Yes, nobody has been scammed by crypto. Could you imagine? Pumping and dumping? Exit scamming? It's a lot safer than homer ownership prior to 2008. No volatility here at all.

3) The insurance lobbyists would never allow this even if the merit you speak of is actually true. Their entire business model is built on lobbying.

4) Home deeds? I mean, a concert vendor, sure. Is there rampant home deed fraud I'm unaware of?

I honestly admire the TopShot guys. At least they understand the nature of what they're actually doing. This bogus futurism about any interest group being able to supplant USD in market transactions is ludicrous.

what does Congresses f***ed up policy regarding the IRS have to do with the fundamental of Crypto long term? seems like you're misinterpreting my points

I'm not here to try and convince anyone honestly if you think it's all just a scam that has no long term value that's fine don't care

but that also doesn't mean you have a bit of understanding of the current system of security and how impossible it will be to secure things with value long term in a database

I'm a network engineer tho what do I know about that stuff probably nothing

it's just pie in the sky ideas to rob poor people with pump n dumps and tax scams

the fact you think the insurance lobby has power over decentralized networks that can be instantly forked and spun up in seconds proves you have no grasp of any of these concepts.. I remember when the recording / film industry stopped piracy oh wait

same goes for you comparing a network like the internet to the USD (a currency) and after I explained that to you and how it's actually like apple and oranges you still insist on making the comparison

if i sound hostile it’s just i’m tired of responding to the same criticism about crypto that i did 9 years ago when people online said the same s*** about btc, i’m not going to respond again

8J6 🤴🏼

Oct 28, 2021

8J6 🤴🏼

Oct 28, 2021

Releasing some 1/1s this weekend let’s see what happens in the coming months

neon 🍄

Oct 29, 2021

3 replies

🤯🤯 that's definitely the biggest sale ever

8J6 🤴🏼

Oct 29, 2021

1 reply

neon

https://twitter.com/cryptopunksbot/status/1453872415591829504

🤯🤯 that's definitely the biggest sale ever

Half a B for the joker is no joke 😳

neon 🍄

Oct 29, 2021

edited

all the billionaires that bought Ethereum for 10 cents

it's mostly speculation by crypto whales, there probably is some level of money laundering just cause all art has it but I doubt it's with any of these top collections that have to bought for a lot to begin with and are rising in price for years now

it would be way easier to do something like that with less known stuff that has less attention, doesn't make much sense people would buy a punk to launder money

neon 🍄

Oct 29, 2021

8J6

Half a B for the joker is no joke 😳

seriously lol

neon 🍄

Oct 29, 2021

looks like it wasn't a real sale the guy just used a flash loan to get a bunch of attention

still is in his wallet clever

Jozen

Oct 29, 2021

neon

https://twitter.com/cryptopunksbot/status/1453872415591829504

🤯🤯 that's definitely the biggest sale ever

jesus

Jozen

Oct 29, 2021

neon 🍄

Oct 29, 2021

1 reply

sticky :D

ragedsycokiller

Oct 29, 2021

Mango

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.

I think this describes more art nfts than nfts in general. Nfts can be a lot of things in the space. This thread is more about the art trade, which I think should be highlighted in the OP.

Cause real estate nfts is something new as well that I think can blow up.

Jozen

Oct 29, 2021

neon

sticky :D

LFG

Jozen

Oct 29, 2021