NameSilo

Are you putting money into crypocurrency or nfts that would have gone into domains?

Labeled as discuss in General Domain Discussion, started by equity78, Aug 24, 2021

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  1. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    If people are making money why are they so pissed off about not being able to convince others?

    It seems there is almost a cultish like devotion in some of these NFT communities that can't accept any alternating opinions.

    Look some people just think they are stupid (especially the "artwork" aspect). It doesn't matter if they go up in value. They still think they are stupid.

    I think Jackson Pollock was an overrated painter, whose artwork sucks. That doesn't mean others won't pay millions for his paintings.

    The difference is the attitude in a bunch of these NFT collectors. I have never seen an investment community so toxic to outside people really, and this is mainly from the things I have seen some other domain investors say.

    Brad
     
    Last edited: Aug 27, 2021
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  2. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    [QUOTE="bmugford, post: 8378143, member: 54578"

    The difference is the attitude in a bunch of these NFT collectors. I have never seen an investment community so toxic to outside people really, and this is mainly from the things I have seen some other domain investors say.

    Brad[/QUOTE]

    In all fairness, not from you at all …

    but started in another thread last week, the attitude came and stems from others, making fun of mocking others for being into NFTs….

    when you have to justify why you support something, while basically being called a moron, stupid, silly and and basic insults …and then deal with these comments coming from ones who haven’t a clue..

    One might catch an attitude! The toxic traits you are speaking of I have seen thrown all around this forum since before I or NFTs were here.


    I’m all for helping , learning and sharing!

    not down with being mocked, made fun of or accused of spreading lies and false information, fake sales and such …


    Been here going on 5yrs and I never ONCE used nore bothered with the ignore button, till ole GLOBALSTABLECOINS came around lol

    It has been a relief since.

    I apologize if you took any of my overtones as directed to you Brad, as they were not.

    The attitude thing comes out both ends of the spectrum here. Actually it’s why I spend less time here now and more time on other places, much more friendly open minded people…then what it’s gotten to be around here.
     
    Last edited: Aug 27, 2021
  3. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    In all fairness, not from you at all …

    but started in another thread last week, the attitude came and stems from others, making fun of mocking others for being into NFTs….

    when you have to justify why you support something, while basically being called a moron, stupid, silly and and basic insults …and then deal with these comments coming from ones who haven’t a clue..

    One might catch an attitude! The toxic traits you are speaking of I have seen thrown all around this forum since before I or NFTs were here.


    I’m all for helping , learning and sharing!

    not down with being mocked, made fun of or accused of spreading lies and false information, fake sales and such …


    Been here going on 5yrs and I never ONCE used nore bothered with the ignore button, till ole GLOBALSTABLECOINS came around lol

    It has been a relief since.

    I apologize if you took any of my overtones as directed to you Brad, as they were not.

    The attitude thing comes out both ends of the spectrum here. Actually it’s why I spend less time here now and more time on other places, much more friendly open minded people…then what it’s gotten to be around here.[/QUOTE]


    Rob I read a good article that said the next generation of NFTs will be dynamic, can you tell me what that all would entail and do you agree?
     
  4. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    Basically, long as you understand the fundamentals of NFTs, the Dynamic NFTs are not a far stretch in terms of the tech evolving.

    Take for example Collectable Trading Cards(as I’ve strongly pointed out prior ) …a Sports cards of a NFL player minted NFT with stats player stats, that you could move on and off chain or Port onto a Video Game platform….this dynamic upgrade would also allow for it to upgrade the stats of the player in real time, say after each game, (not sure if that means re-minting clone or what, I’m still learning each day) but it be that the function of your NfT would do more than just site in your wallet, but act as transportable in and out of Game items and Merch …think Loot Crates in game, but being interchangeable between platforms, and the ability to go on or off chain.

    I believe there huge potential behind all this.


    This also goes much further than games and collectibles…as people worry about scams and OpenSea proctection

    dynamic NFTS could solve much of that, by create real time time ID verifications when connected to Oracle networks by fetching data via IOT. Basically a NFT could query a smart contact in real time and verify it almost instantly, by linking say a digital ID or your passport to a NFT on the blockchain, it’s a public ledger, hence allowing for instant verification.



    There so many use cases, and so much more than just ART good or Bad that will come from the tech of a non fungible token …it literally had the potential to reshape out digital world and the internet as you and I know it.


    I’m no expert lol, but I’m trying to learn and absorb as much of it as I can, luckily I’m a fast leaner…I also own a few NFTs and enjoy seeing them in my wallet and chatting about them with my peers within that community
     
    Last edited: Aug 27, 2021
  5. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    I a shorter explanation lol:

    imagine a NFT connected to a LIVE FEED CLOUD / or data outside of the blockchain and able to access, interact and talk back.
     
  6. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Found the article:

    While NFTs are certainly on the rise, a large share of these blockchain-based collectibles that we’re seeing on the market still face two major limitations. First, are these supposedly unique NFTs provably rare? Rarity is what gives NFTs their value and it is much harder to guarantee than most people realize. The second key factor is whether NFTs can actually interact with the real world to unlock novel gameplay and incentive mechanisms. Only when we move beyond static digital collectibles to truly dynamic NFTs will the blockchain ecosystem and the world realize the true value of this new unique asset class.

    Why Provable Randomness Is Half the Equation With NFTs

    Many NFTs, especially those that are collected through randomized “drops”, such as virtual trading cards, or in-game items, gain a significant amount of their value through their perceived rarity. Just as is the case with real trading cards, the lottery-like process of opening a pack in the hopes of finding a rare item is highly alluring, because it means anyone and everyone has a chance to own something truly unique. As one of the largest NFT projects Ether Cards, recently made clear, randomness is “one of the key elements to creating value and fun within gamified NFTs.”

    https://www.nasdaq.com/articles/the-next-wave-of-nfts-will-be-dynamic-2021-03-29
     
  7. Amit V

    Amit V Established Member

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    People are making a lot of money off NFT's. Thats a fact. Nobodys trying to convince anybody about their usefulness and profitability as it should be obvious and if not then ,well what can you do.Ignorence is bliss for some!
     
  8. MadAboutDomains

    MadAboutDomains Top Contributor VIP ★★★★★★★★★★

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    Absolutely not. A mug's game...

    ... Unless you're on the receiving end of the funds being exchanged.
     
    Last edited: Aug 28, 2021
  9. HotKey

    HotKey Made in Canada VIP

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    Short answer to thread title, nope. Unless you count blockchain-based domains as some sort of NFT's anyways.

    All domains for me. You can't replicate a domain name.
     
  10. eurorealtor

    eurorealtor okre.com VIP

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    In the beginning of Bitcoin, it was hard to buy Bitcoin, maybe I was in bad luck that no one was selling around me. Now I thing it's a huge risk if the prices goes up and down like on the roller coaster, on the other hand crypto is ideal for thieves, cyber attackers or corrupt politicians so it'll be here for a while.
     
  11. satsdifference.com

    satsdifference.com Love God Love Life

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    a year ago hand-regged alot NFT domains' chances during a goldrush, figured $10 domains better than $10 in crypto..

    left domaining spring for the most part to work on NBAtopshot basketball NFTs (real player-backed performances)

    folks IMO 2021, a time-stamp date notary approval, will always be the mainstream golden age for NFTs of first edition..


    I am using bitclout.com to mint my own NFTS #1-1000 almost free now, no renewal costs obviously, as well as having my own coin! quite a marvel of times for us there..




    -have a special day
     
  12. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    Did you work on the NBA project or you just invested in them? Thank you
     
  13. satsdifference.com

    satsdifference.com Love God Love Life

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    equity78 hi!

    kinda both
    recently just playing basketball, by myself, hehe has been enlightening for me
    been having a recollection about this nft world and holding equity in general lessons learning
    don't want to sell nba high serials begotten for low $ today its too early and personally fun really as I collected baseball cards; but, having a few only up for sale makes more sense to me - being patient for now just to make ends meet..

    as for domain names i don't mind liquidating lower "words" rather than holding years anymore (in my case wives to arrive already have alot of money so i'm ok. Leveraging everybody has their own opinion and situation unique..) - just valuing about 50 traffic domains combined ATM only!

    it's off-season in NBA which for this keen investor might signal lowest-bubble priced moments that could ever be for the inaugural firsts' player-backed NFTs this year.

    writing helped me paraphrase my goals! leave the rest to inbound! there is no time for greedy inventory heh
    or pricey aftermarket desires in this cheap NFT future :(



    - have a special day
     
  14. satsdifference.com

    satsdifference.com Love God Love Life

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    just read up on "NFT bridges" like wrappednfts or wrappedcrypto across blockchains

    also, interestingly, in this NFT revolution that is advancing, I decided for now to try my 2nd of 2 websites (one biomedicalgerontology.com) as NFTrenting.com which will be huge because of the knowledge that timed-lock hash programming crypto allows for the returning of address that is automated not manual for NFT rentals.

    in money, and crypto, was blessed to stumble upon the fact that money transacts 3 ways:

    1) Buying
    2) Selling
    3) Renting

    here's to the future


    - have a special day
     
  15. Recons.Com

    Recons.Com Top Contributor VIP

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    Currently, I am reinvesting 10k-15k/month into domains. That is pretty much every available $ for investment.

    Domains make me 50%+ IRR regularly. NFT/Crypto can make tenfold, but also can lose tenfold.

    They are not comparable. If you know what you are doing with domains, and operating on a sizeable portfolio, it is more like a regular retail business than trading shares, currencies, cryptos or digital art, or doing sports bets.
     
  16. satsdifference.com

    satsdifference.com Love God Love Life

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    i have a feeling most people are into the wrong nfts
     
  17. topdom

    topdom Top Contributor VIP

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    How do you play with NFTs. For example I go to nafter (.io), there is no sign up option.
    their coin fluctuates between 0,06 and 0,08. you can make 30 percent profit (also loss) easily in one day. Do all NFT sites work in the same way,... first by getting a wallet, and connecting them.. And wallets need to be connected to something like banks?
    ....
    Also in addition to NFTs we see some activity in ETH domains.. ( I wish I knew this would happen. )
    Does this have something to do with NFT or not?
    Is wallet something like a private key, or is it something we get from somewhere?
    (a very naive person's questions)
     
    Last edited: Oct 1, 2021
  18. satsdifference.com

    satsdifference.com Love God Love Life

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    before coined term "NFT", it began on #bitcoinblockchain with 2nd layer $XCP (non-fungibled); funny thing is, nfts Minted more than 1 - functions like a fungible coin itself but tangible you have!

    think about this in$tead
    [​IMG]
    (my first "free" nft)


     
  19. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    What do you think of what DraftKings is doing Rob? They are selling NFTs on their marketplace, no crypto needed. Kind of like the tradings cards you mentioned.
     
  20. satsdifference.com

    satsdifference.com Love God Love Life

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    their are a few id like to buy ..
     
  21. MadAboutDomains

    MadAboutDomains Top Contributor VIP ★★★★★★★★★★

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    No it's just another thing where people like to show off their massive gains for hype but hide their losses.
     
  22. Sheogorath

    Sheogorath Top Contributor VIP

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    It appears that Crypto has a very bright future.
    So yes, I do invest in Crypto.
     
  23. satsdifference.com

    satsdifference.com Love God Love Life

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    with More than I have acquired knowledge rightnow with tradingview webchat placed vested interest in "no-hold" (56k-57) btc margin trading..

     
    Last edited: Oct 13, 2021 at 6:57 PM

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