https://twitter.com/NathanHeadPhoto/status/1492598009837854722
This is a million percent some kind of money laundering thing
Is that when person A gives person B Etherium for them to buy an NFT for outrageous sums of money in order to promote NFTs?
IMO money laundering is also a huge possibility.
Yes but there's no need for a person B, person A only needs to exchange ETH between wallets and the Blockchain can't tell the difference
If I was a crypto scam guy, i would buy a bunch of cheap nfts, then buy one for 23 million dollars if some other crypto scam guys agreed to buy a few of mine for a total of 23 million dollars
Oh look none of us spent any money but now a bunch of the worlds biggest losers want to invest
Why yes officer I did spend millions of dollars on this image, the cases of ammunition and heroin was simply a gift
imagine having money to chill your whole life and throwing it down the toilet
noooooo guys we can't take money from rich people they neeeeeeeeeed it!!!!!!!!!!!!!
Is there a way to verify these transactions are real? Or can you just say your jpg sold for this much?
I'm gonna put this jpg up for sale for $23m
Then, me in a mustache is gonna buy it for $23m
The trade is real, money has exchanged hands/accounts, only i own both hands/accounts
That definitely makes sense, but is there a way to see that the money changed wallets or whatever they're called? Or is it reliant only on tweets?
The fact that a transaction occurred is on the blockchain- that's basically the blockchain's only function. However, it has basically no way to determine whether or not the transaction is between two wallets owned by the same person.
yeah, that is the one thing the blockchain can do, and the one thing you can trust with certainty.
this transaction happened. everything surrounding it is likely a lie.
Yes, that's the Block chain, or the transaction ledger.
Basically tweets in a spreadsheet only you can't retroactively alter it, only add to it
We're killing the planet for electronic receipts, lmao? Le epic.
Yeah but the receipt says that this jpg is worth $23m. You can't argue with that.
Unless you took a photo of the receipt, then minted it as an nft, then burned the physical receipt thus making its value intangible, then you can have a $50m jpg of a receipt of a $23m jpg. It's genius!
Unless some important dipshit gets butthurted by some scam so they actually do change the blockchain
23 million. I can't even wrap my head around that much for a couple pixels.
*23 million for a deed saying you own the location where a couple pixels will probably be for the foreseeable future. Until the server goes down.
*23 million for advertising in the hopes someone will give you more than 23 million later
You have a lot of Monopoly money cuz you invented this particular flavor of Monopoly money, so you start wash trading so some idiot will eventually change real money for some of your illimited monopoly money to then change it for an ugly jpg thibking they might be able to resell that image and then resell the monopoly money for real money.
They all suck and are stupid, but this one is especially shitty looking. I could make this in paint in 30 seconds.
Is there an IPO phase where someone buys it for a relatively small (but still insane) sum, and then increasingly stupid people buy it for increasingly higher prices?
Or am I really supposed to believe that someone got paid a couple tens of millions of dollars to produce this?
I just don’t understand
its just a ponzi. This could very well be a insider trade as we don't know who the wallet belongs to. You and I could just make a deal where I pay for your NFT for X amount. Now I will buy your NFT, the transaction goes on the blockchain confirming that someone paid 29 mill for this specific NFT "ART"? Since the transaction is immutable the next sucker sees that it sold for 29 mill and now that is the base price that will be sold off to the next sucker.
Sure, that all makes sense
I guess it’s just funny for me to trace the mind of someone who thinks any of this could have any legitimacy at all, what sorts of things they would necessarily also have to believe
Imagining this is the first sale is incredibly funny, and it’s also funny to imagine that it was “bid” or “traded” up to this price (in the latter case: did some incredibly brazen and imaginary person just drop the hammer and increase the price by $10M, or do so many imaginary people want it that the price has been steadily climbing?).
It’s just a trip to wander the grounds of these mind palaces
I guess it’s just funny for me to trace the mind of someone who thinks any of this could have any legitimacy at all, what sorts of things they would necessarily also have to believe
Remeber that their foundation is ; Money isn't real
