So you've made many millions at least with this special bit of information. Now either show your brokerage statements... or you're also a fraud.
NFTs, the next wave of stupidity
- Thread starter Pekelo
- Start date
So you've made many millions at least with this special bit of information. Now either show your brokerage statements... or you're also a fraud.
So you've made many millions at least with this special bit of information. Now either show your brokerage statements... or you're also a fraud.
You should rush out to buy some tulips.
Did the truth hurt? Nobody said it is easy to time frauds or you can't make money while riding one.
Cryptos are ponzis all the way down... Ponziception, if you wish...
So, that is your answer? You're telling us you are so smart and yet too stupid at the same time to take even a penny worth advantage out of this.
We thought so.
So, that is your answer? You're telling us you are so smart and yet too stupid at the same time to take even a penny worth advantage out of this.
We thought so.
Want to make money? Invest and/or trade something that actually has value rather than scams. With Crypto and NFT your are likely to be the one holding the bag when your exchange, etc. shuts down and you are left holding the bag -- as criminals run off with your "money". Plus the venues for trading these virtual assets are all rigged to extract money for your pocket and put it into the pockets of insiders. There may have been a heyday for crypto and NFTs when these assets were part of a bubble in recent years associated with the low cost for money (interest rates) -- but those days are gone and balloon has burst.
https://decrypt.co/79406/budweiser-dick-pic-nft-ethereum-wallet
I haven't ingested it for a long time, but from what I remember, a "Dick Pic" might be appropriate.
Why Budweiser Now Has a Dick Pic NFT in Its Ethereum Wallet
As Visa, Coca-Cola, and others have discovered, exposing your wallet address can open you up to NFT-based trolling.
By Andrew Hayward
Aug 25, 2021
4 min read
A peek inside Budweiser's current NFT collection. Image: OpenSea
In brief
- Budweiser bought some NFTs on Tuesday, but its Ethereum wallet now also holds penis-themed illustrations and other oddball collectibles.
- Most likely, NFT owners are sending their weird collectibles to the wallet, as we’ve previously seen with wallets connected to Visa, Coca-Cola, and others.
Budweiser made a splash in the crypto market late Tuesday, as the Anheuser Busch-owned beer brand purchased NFT collectibles, including the beer.eth Ethereum Name Service domain. But a glance at Budweiser’s Ethereum wallet reveals some other surprising NFTs, which are either hilarious or unsettling depending on your perspective.
For example, why is there a cartoonish penis from the PeePeeBoy NFT collection that’s dressed up like Harry Potter? Why also is there a crudely scribbled “Minimalistic cock” drawing from the Minimal Cocks NFT set? There’s also a CryptoDickbutt NFT, and others from varying collections that look like off-brand copycats of sets like Pudgy Penguins and Ether Rocks.
There’s no shame in collecting phallic NFTs, and if that is Budweiser’s prerogative, then more power to ‘em. Go nuts! There’s tens of thousands of them on the leading secondary marketplace, OpenSea.
But that’s probably not what happened here.
Most likely, crypto enthusiasts have been sending their oddball NFTs to Budweiser’s wallet after the address was ultimately revealed as part of Budweiser’s Twitter maneuvers. An NFT acts like a deed of ownership to a digital item, including drawings of body parts and plenty more, so Budweiser now owns those images… even if it didn’t seek them out.
Crypto wallets are pseudonymous, relying on a string of letters and numbers to identify them rather than an easily-identifiable name or moniker. However, when a person or company reveals itself as the owner, that opens up the potential for abuse in the form of receiving unwanted assets, regardless of intent.
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Whether you see it as antagonistic trolling or simply goofy fun, this certainly isn’t the first instance of it happening to high-profile subjects entering the crypto world. In fact, when Visa announced its purchase of a pricey CryptoPunk NFT on Monday, the wallet soon contained potentially controversial collectibles alongside. That wallet now has NFT images featuring penises, breasts, and piles of dog poop, along with a wide array of other collectibles—and the Ethereum Name Service (ENS) domain for feetpic.eth.
Those are two of the highest-profile examples to date, but there are others. For example, New York Times tech columnist Kevin Roose recently implored readers to “please stop sending me your tokens” after writing about Pudgy Penguins. And when billionaire investor Mark Cuban got into NFTs and crypto in a big way earlier this year, his wallet was inundated with incoming NFTs.
Some of the same people are sending NFTs to multiple brand wallets, too. You’ll see some of the same collections represented in both the wallets tied to the Visa and Budweiser NFT purchases, plus the creator of an NFT called “A Gift for Budweiser” also sent similarly mocking NFTs to both Visa and Coca-Cola. On that note, Coca-Cola was also sent an NFT called “Masturbate,” along with many other curious creations.
There’s another detail worth noting, too. While the beer.eth domain and “Life of the Party” NFT from the Tom Sachs Rocket Factory collection are listed as sales on OpenSea, the other NFTs were transferred. In other words, they were sent to Budweiser’s wallet, potentially without the brand’s advance knowledge. All of those non-sale transfers happened after Budweiser changed its Twitter profile picture to the rocket NFT and tweeted about it last night.
NFT folks: please stop sending me your tokens! I'm not going to write about them and I have to burn them or send them back, which costs gas and is generally annoying.
— Kevin Roose (@kevinroose) August 12, 2021
What can you do if you receive an NFT in your wallet that you don’t want to keep? As Roose tweeted, “I have to burn them or send them back, which costs gas and is generally annoying.” Those are the primary options: you can “burn” or destroy the NFT for good, or send it to another Ethereum address, whether it’s that of the original sender or elsewhere. In either case, you have to spend some ETH to pay the gas fee for a transaction.
In fact, when Mark Cuban unexpectedly received a vulgar ENS address NFT, he had to burn the asset to remove the connection to his wallet address. Cuban has apparently taken the hassles in stride, however, telling Decrypt in March: “Yeah, it's not as private as people think. And that's the whole point of the blockchain, right? That it's 100% public because it's all verifiable.”
You can also hide certain NFT assets from being shown on your profile at OpenSea, the leading secondary marketplace and a popular way to view NFT collections—but they’ll still be in your wallet. Those digital dicks won’t disappear so easily.
I haven't ingested it for a long time, but from what I remember, a "Dick Pic" might be appropriate.
Painful way to lose your NFT:
https://finance.yahoo.com/news/nft-trader-accidentally-burns-129k-214622147.html
https://finance.yahoo.com/news/nft-trader-accidentally-burns-129k-214622147.html
NFT Trader Accidentally Burns $129K CryptoPunk
3
André Beganski
Sun, March 26, 2023 at 4:46 PM CDT·4 min read
An NFT trader was devastated Friday to discover that a CryptoPunk he purchased for 77 Ethereum went up in smoke after he accidentally sent the pricy piece of digital art to a burn address.
Burn addresses, which are digital wallets that don’t have a private key, are one-way gateways that can only receive assets like cryptocurrencies and NFTs. As a result, the NFT was permanently removed from circulation, preventing it from ever being traded or owned again.
Brandon Riley, who purchased CryptoPunk #685 two weeks ago, said he made an error when attempting to wrap the NFT to take a loan against it on Twitter. He told Decrypt he planned on posting CryptoPunk #685 to NFTfi.com, where he could earn a yield of around 7% per year.
CryptoPunk #685 was worth approximately $129,000 in Ethereum when it was acquired by Riley, according to the Ethereum block explorer Etherscan.
Crypto.com Accidentally Sent $400M in Ethereum to Wrong Address, CEO Calls Concerns ‘FUD’
Originally created in 2017, CryptoPunks is widely viewed as a “blue chip” collection, on par with the likes of Yuga Labs’ Bored Ape Yacht Club. With a market capitalization of over $1 billion, the cheapest CryptoPunk is worth just over $109,000, according to NFT Price Floor.
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However, CryptoPunks were created before ERC-721 was established as a token standard for NFTs, making them incompatible with some marketplaces and applications designed for decentralized finance—such as NFTfi.com.
Using a guide he found online, Riley tried to wrap his punk as an ERC-721 token, creating a new digital token that proved he owned CryptoPunk #685 but would be compatible with NFTfi.com. But by inputting the wrong address, CryptoPunk #685 is now forever gone.
Someone just made a $2.6 million mistake on Ethereum
Riley’s unfavorable situation is indicative of issues that many face in the digital assets industry due to the often complex and irreversible nature of transactions. And because there are no financial intermediaries involved, there’s nothing Riley can do to get his lost CryptoPunk back, which he described as “both the beauty and the curse of self-custody.”
One Twitter user named NFToga pointed out that the guide used by Riley has since been updated, including language that specifically warns people not to send CryptoPunks to wallets formatted as burn addresses.
Asking for some form of a reprieve, Riley asked Yuga Labs—which purchased the IP to CryptoPunks from Larva Labs last year—if he could buy the v1 version of CryptoPunk #685. CryptoPunks v2 was released after a bug was found in the original collection's smart contract.
Riley said that he has not yet from Yuga Labs after tagging them in his posts on Twitter, and Yuga Labs did not immediately respond to requests for comment from Decrypt.
Sometimes, NFTs aren’t burned by accident, but rather as a way of making a statement. Last month, Jason Williams burned BAYC # 1626—worth $169,000 at the time—to symbolically shift the asset’s underlying network from Ethereum to Bitcoin in the form of an Inscription made through Ordinals.
So the cryptopunk got punked by trying to wrap his CryptoPunk into another punk? And since it is a self-correcting mechanism...the art, which is nothing more than a digital key, is lost forever?
If he had his 130K whatever in a bank and it got lost in translation, he could recover his funds. So how is blockchain helpful again? I am fuzzy on the details.
It's the same stupid thing with gold-bugs. So the pirate got punked by trying to move his Gold, and his ship sunk to the bottom of the sea. So his gold is lost forever?
So how is gold helpful again?
I remember going over these details back when the Spanish Armada was trolling around England...
So how is gold helpful again?
I remember going over these details back when the Spanish Armada was trolling around England...