Blockchain ultimately distills down to a ledger, so the worth or ownership of a given item on a blockchain is basically a function of the respect accorded to the blockchain itself by the entities that matter. So if Gamestop declared it would honor some NFT, then that NFT has equivalent value to a Gamestop gift card. But intellectual property in this country is defined by the copyright laws passed by the legislature, and none of them acknowledge blockchain as authoritative. So when it comes to actual ownership, at best an NFT is just a ride-along to the real ownership, which is the legal copyright. I suppose you could write a legal contract that says whoever owns the NFT owns the copyright, but that contract is still only as strong as the US copyright system; the NFT hasn't actually added anything meaningful to it.
Assuming you don't consider the whole blockchain transaction mechanism and standardization to be of value. I think there's big value in that, as it's already defined, already public, already in use. A decentralized exchange system seems pretty compelling to me.
"Code Is Law" is a massive problem because that's what these "smart" contracts rely on. Much like standard legal contracts, but made worse because things are almost always irreversible. The law is completely transparent the same way a public research paper on the effects of quantum spin on the Earth's ability to absorb neutrinos while holding it's dick inside a 2mm cup of water. Being able to read something is far from understanding it, and the amount of time it takes to read these things, other contracts it may or may not interact with, etc. is essentially untenable. While NFTs can carry a payload, that payload is reproduceable. Carrying the required legal mumbo jumbo with it would make it absurdly expensive long term, and pointers to the location of contracts have zero guarantee of being available in the event of such a requirement. Kind of link asking a foreclosure company for the note when they're trying to steal your home from you. The note is often lost to the digital ether. On a side note, you can all look forward to my NFT series that will come out somewhere. It's gonna be a banger.
Shib is still red hot. Broke out of a massive bull pennant that has been filling in for a couple weeks. Briefly put me above 400% overall gains, It's settled down to about 387% right now. The people that YOLO'd this might look like geniuses before it's over.
Holy SHIBU! I bought in two weeks ago. Got myself 30 million worth of something. Have been watching it bounce around and laughing at how ridiculous it might be if it hits .02. This little bump is getting it closer.
Same. Thankfully that is way before a penny. It's going to be a zoo trying to exit from a penny. I like how it went from about +23%, down to some negative number, then immediately back to +7%. Then it is consolidating and then gained a little more even. Shows that Elon doesn't matter to this group.
In case anyone missed it, a guy using his twitter account to run pump and dumps with OTC stocks has been arrested and charged. As a side effect, accounts that were actively bashing OTC stocks on message boards with half truths, outright lies, and innuendo have all disappeared. Just a coincidence I'm sure.
Looks like we're getting close to filling that pennant that started with the new ATH a little bit ago. I'm thinking 20-30 minutes til it moves one way or the other. The nightshift, as everyone calls it, has been pumping it up late at night or early morning, I bet they burn that zero. Tomorrow will tell if it stays gone. I haven't seen anything indicating that SHIB is going drop significantly, or for very long. Too many rushing to buy it right now.
Eh, a little early, but... Called it! This thing is pretty predictable. I'm just being stubborn and not putting more in when it's giving buy signals.
I think we were well on our way to burning that zero when someone incorrectly spread news that SHIB had added 200 trillion coins. You can see the same pennant I drew yesterday evening, and when the news hit. It bounced back pretty hard.
The swings with SHIB are crazy, and -20% to +30% within the span of even a few hours based on news or no news doesn't surprise me anymore. It's very volatile, but it's been showing resilience to bounce back consistently over the past couple weeks (it'll be back up to yesterday's high in no time by the looks of it). It's a fun ride and I don't have any worrying amount of money tied up in it so...weeeee!
All I did was sell some bags I was holding to put in SHIB. Shit I was negative in and saw no green in sight. I'll sell when I see a number that nearly makes me faint. I don't even want my $290 back if it goes to zero. It is nice turning such a profit on pocket money and not staking money you need now or in retirement.
Yep I already set my sell price and I'll stick to that. Once it gets to .01, I'm a quarter millionaire and I'm ok with that. No need to be greedy.