thewayne: (Default)
No, that's not the word. What's the word?

Not. Guaranteed that I'll not open it.

The subject line is: Ꮯοոցrаtսⅼаtіоոѕ Υοս hаⅴе ѕսссеѕѕfսⅼⅼу Ԝοո аո ΝFΤ іtеⅿ !

You send me an email with shifted case and multiple fonts like that, you ain't gonna win me over, skippy! Not to mention trying to hook me into an NFT scam?

Nope.
thewayne: (Default)
You would think that a raid of this scope would sorely hamper cybercrime! It will take some time to see how much this will affect things.

From the article: "Interpol, an international police organization, has arrested nearly 3,500 people allegedly connected to cybercrime in a sweeping operation announced on Tuesday. $300 million worth of assets across 34 countries were reportedly seized. The operation, Haechi IV, blocked over 80,000 suspicious bank accounts and warned government officials of new types of scams using AI and fake NFTs."

The fake NFT thing was largely targeted to South Koreans. Apparently they start up a fake NFT and after a certain threshold of people invest in it, the organizers just up and vanish.

https://gizmodo.com/interpol-arrest-3-500-cybercrime-operation-300-million-1851113003
thewayne: (Default)
My mind boggles.

Apparently someone installed the wrong kind of ultraviolet lights to light up the stage at an expo for Bored Ape Yacht Club in Hong Kong last weekend and a number of people experienced severe sun burn and EYE DAMAGE. I mean, I experience eye damage looking at Bored Ape NFTs, apparently this was much worse to the point of people being unable to see! Most sought treatment at local hospitals and I guess didn't require hospitalization, the article is pretty short. The organizers say that less than 1% of attendees and workers were affected.

So that's the new line: NFTs cause blindness and skin cancer!

Frankly, I'm amazed that there would be enough people to attend such an event, much less in Hong Kong.

https://www.msn.com/en-us/news/other/bored-ape-nft-event-attendees-report-severe-eye-burn/ar-AA1jsZ2x

UPDATE: the people who set up the lights installed UV-C lights which are used to sterilize ENTIRE ROOMS. Sounds like they used the same people who measured the track for the Pan Olympics Games.
thewayne: (Default)
Oh ye gods and little fishes, I certainly hope so!

The article states that "cryptocurrency analysts dappGambl determined that out of the 73,257 total NFT collections it analyzed, 69,795 had a 0 Ether (ETH) market cap. Which is to say, $0. [approx 95%]

Even when looking at 8,850 brand-name, top NFT collections like CryptoPunks, 18 percent of them now have a $0 floor price, and 41 percent are worth between $5 and $100, “which may signal a lack of perceived value among these digital assets,” dappGambl surmises.

And, if it’s possible, “the situation may even be bleaker than these numbers suggest,” the analytics site continues.

For example, MacContract on Ethereum has a floor price of $13,234,204.2, but its all-time sales is only $18. This stark discrepancy between listed floor prices and actual sales data exposes a significant issue in the NFT market—inflated valuations that don’t reflect genuine buyer interest or real-world transactions."
[emphasis mine]

Oh, hallelujah! A portfolio allegedly worth $13mil having less than a yuppie food stamp in actual trades? BWAHAHAHAHA! OMG, that's priceless! No, wait. It has a price - $18!

There's one line in the article that I absolutely love, that NFTs too often look like bad MS Paint jobs"! Given the option, I'd much rather see Jackson Pollock do a Bored Ape - it would certainly be worth a lot more since he's been dead for 70 years. I hope those people who bought into the Bored Ape Yacht Club feel like the idiots that they are for wasting an awful lot of money on them for a RECEIPT.

https://kotaku.com/nft-meaning-scam-crypto-marketplace-price-bored-ape-1850860661
thewayne: (Default)
Justin Bieber's Bored Ape NFT has gone from $1,290,000 to $56,000 in apparent value.

It's a good thing he's worth around $300mil or we might have to start a GoFundMe campaign for poor Justin!

You're sad for him, right?

Or like me, rolling on the floor laughing and endlessly amused?

A lot of people have bought into this idiotic NFT craze and lost a lot of money. But here is the question: did Bieber actually drop $1.3 x 10^6 on an NFT?

Asdie from Justin, people like Paris Hilton and other celebs bought into the Bored Ape NFT craze and hyped them to the end of the earth. Conan O'Brien was another celeb "purchaser". It's now being alleged that they did not buy these - that the company was using them as compensated promoters. The problem is that in addition to not paying for the NFTs, they also did not state that these are compensate endorsements!

THAT is something that the Securities and Exchange Commission takes a very dim view of!

Several celebs have been busted for doing compensated endorsements of NFTs and cryptocurrency and not making it plain that they're getting paid for it, and have had to pay some whopping fines. You'd think that they or their agent/people would know better. But apparently they're surrounded by a bunch of stupid and greedy people who like being investigated by the Federal Government.

https://gizmodo.com/justin-bieber-bored-ape-price-collapse-million-dollars-1850606250
thewayne: (Default)
Bloomberg is reporting this as being part of the cryptocurrency $2billion freefall.

Yes, I would like to pay an outrageous amount of money for a digital receipt, thank you. May I have some more and how do I subscribe to your newsletter?

It ain't over yet, there was still almost half a billion in trades this month.

The Bloomberg article is semi-paywalled, they give you X number of free articles per month.

https://www.bloomberg.com/news/articles/2022-09-28/nft-volumes-tumble-97-from-2022-highs-as-frenzy-fades-chart

https://tech.slashdot.org/story/22/09/28/1427248/nft-trading-volumes-collapse-97-from-january-peak
thewayne: (Default)
Jack Dorsey, the founder of Twitter, sold his first Tweet as an NFT for $2.9 million last year.

Good for him, pocketing a nice $3mil for selling nothing after transforming it into a digital receipt.

The person who bought it, a "crypto entrepreneur", put the NFT up for auction, expecting to make about $48mil on it.

The bidding close with a top bid of $280. Note the absence of MILLION after it.

ROFLMAO!

You bought a virtual thing with nothing backing it, and when you tried to sell it you got nothing for it. Go, team!

https://www.coindesk.com/business/2022/04/13/jack-dorseys-first-tweet-nft-went-on-sale-for-48m-it-ended-with-a-top-bid-of-just-280/

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