Tezos

The Crypto Times 0018 - Garbage In, Garbage Out

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tz1PABDPXbg9rqz62umCaQ8YhCUajmoYK2Cb

Description

No. 0018 February 15, 2023 : The eighteenth issue of The Crypto Times and it's Garbage In, Garbage Out. The NFT space is Trash. Let's lead it off with Broke Boy Elon pumping $DOGE after the Super Bowl. Leave the shit coins to die. It's not funny anymore. Here's the real trash...BLUR airdrops. Oh my lord, when will people learn how to spot the scams? Do you have integrity or will you play along with the pamp as long as you are dropped some worthless tokens. Blur was bullshit from day 1 with its abundance of wash trading to earn more air drops. They didn't even try to hide it. 80% of tokens went to 2 wallets from the jump. The website went dead for a few minutes, US citizens couldn't redeem their tokens due to SEC bullshit, but you could use a VPN if you tweeted about it first. By the time anybody was able to redeem their airdrops the $BLUR token had lost 90% of it's value. Jeez. Did we mention Beanie was one of the VC's for this Paradigm of bullshit? Go figure, right...Reddit NFT's are banging at 10 million avatars collected. But were they truly collected or just air dropped to users who aren't playing the game? To date, Reddit avatar secondary sales are $13 million us dollars. Opensea crushes that dollar amount on the regular. They pull that much in one day of trading. Here's a bright spot, The Pompidou Centre and LACMA both have "blockchain art" in their collections after generous collectors donated works to both institutions. Cozomo de Medici donated 22 pieces to LACMA while YUGA Labs has been donating Crypto Punks to any museum that will accept them. Here's the sad fact, both institutions weren't actively seeking these out, the collectors decided to donate them for the clout. More fakeness...and let's wrap this issue up with the first cross chain "teleburning" of a digital assett when @GoingParabolic burnt BAYC #1626 and then inscribed it on a Satoshi as an Ordinal. Cool move Bro, but I have to side with the YUGA Labs guys on this one. You just forfeited your IP when you sent your Ape to a "burn wallet". You cannot actually burn an nft on the ethereum blockchain. You simply transfer it to a ghost wallet and thus transfer your IP at the same time. So now it is just a jpg of a monkey pic on the bitcoin blockchain. Ouch...Garbage In, Garbage Out. . . 1600 x 1300 pixel png file. created by Nite Owl