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Do you know NFTs ?

  Foro / Todo sobre iStripper

FelicienRops
Desde en Jul 2015

2 posts
April 9, 2021
This amazed me....

"TWITTER boss Jack Dorsey on Monday sold his first-ever tweet for more than $2.9million (£2.09million).

The American billionaire promised to donate all of the cash to a charity battling Covid-19 in Africa.

Twitter boss Jack Dorsey has sold his first-ever tweet as an NFT

The tweet was sold as a unique digital token, known as an NFT (non-fungible token), following a bidding war between Sina Estavi, CEO of cryptocurrency company Bridge Oracle, and tech entrepreneur Justin Sun."

https://www.thesun.co.uk/tech/14425806/twitter-jack-dorsey-first-tweet-nft/

MMTS 😊

Exactly, can anyone explain what the buyer actually got there? xD
wrightsayswow
Desde en Jul 2020

1122 posts
April 9, 2021
@pickle1 - MMTS ? I looked to see what that means - there are loads for example MMTS: Multi Modal Transport System (Hyderabad, India) MMTS: Merchant Marine Training Services: MMTS: Multilingual Machine Translation System: MMTS: Medical Material Transfer System: MMTS: Missile Maintenance Test Set: MMTS: Multimedia Technologies and Services Symposium (IEEE) MMTS: Michigan Music Theory Society (University of Michigan)

Perhaps I've not read enough of all this thread?
shodan084
Desde en Dec 2007

1658 posts
April 9, 2021 (edited)
Exactly, can anyone explain what the buyer actually got there? xD

An expensive phone bill... X)
lukaszr
Desde en Dec 2007

722 posts
April 9, 2021
"TWITTER boss Jack Dorsey on Monday sold his first-ever tweet for more than $2.9million (£2.09million).
And we get to the point where...
(...) where people spend a bunch of money to show they can spend a bunch of money.
DigitalTK
Desde en Dec 2019

5 posts
April 9, 2021
I think the positive thing we can take away from this is that iStripper and the company want to keep up with current trends and stay relevant which is good for us (the consumer). Im pretty sure they dont trade publicly (stock) unless it's by the owner, so other than this, VRParadise and their other platforms they need to innovate to stay competitive.

I like that they are thinking toward the future with blockchain and NFT's but for me personally, it's not ever going to catch on. I cant be bothered bidding against other people for a 1 of 1 of something I dont physically own. Id much rather have something to the idea of what I mentioned previously. I can have it digitally or physically in this case if I choose to do so, and either way, iStripper gets the money from the purchase.
sh42n81
Desde en Apr 2008

314 posts
April 9, 2021 (edited)
1. The way the survey is designed, it is possible to answer both Yes and No to each question. 😆

2. I do commend Totem on looking for ways to innovate and be a technological leader. I can't wait until they figure out how to transmit the VR directly into my brain and tap into the other senses as well was sight and sound.

3. Blockchain companies are already hard at work on solving the environmental problem. The market will demand it and Proof of Stake will soon replace Proof of Work, dramatically reducing the energy consumption.

4. When I was young and foolish, I once "bought" a star for a girlfriend through https://internationalstarregistry.com/ . I fell for the impressive-sounding pitch that the star named after my girlfriend was "official" because it was "recorded in a book at the Library of Congress."

Total waste of money. There may well be a book somewhere in the Library of Congress which claims that a random star, which can't even be seen from Earth without a powerful telescope, is named after my ex-girlfriend. She can't see it and she can't touch it, but she has an official-looking certificate that says it is so.

NFTs seem like the latest iteration of the Star Registry or buying land on the moon (https://www.moonestates.com/).

5. If I wanted a permanent, public record of my taste in porn, I would have used my real name to sign up for iStripper.

I'll stick with collecting records, which I can hold in my hands and have tangible value. https://www.discogs.com/sell/release/11759560


dar2112v
Desde en Dec 2007

447 posts
April 9, 2021 (edited)
NFTs seem like the latest iteration of the Star Registry or buying land on the moon (https://www.moonestates.com/).

Yeah I agree and would add digital currency. But as long as investors think it's worth something than I guess it is?

Not sure what Totem plans to do with NFTs but I see no reason for them not to give it a shot; I think it's pretty evident some members will pay something for anything. Maybe they could show the members collection in their profile and/or give them a special badge showing they are a NFT owner. My only concern would be that I will not be participating in the NFT part so I hope Totem doesn't do something that will lessen my interest in IS any further. I hope they will just make it a side revenue stream like the VR and selling outfits which don't impact me negatively.

I like art and I own both BTC and ETH but I'm sure not going to spend ETH on digital art. I wouldn't spend it on something physical much less virtual. Forgetting the capital gains I would have to pay, I would have no interest in an owning a NFT beyond hopefully selling it at a higher price. I took my more than cost basis out of the digital currency I own but will hold the rest until I think the hype is over .. no clue when that will be.

Seems like everyone is doing something with a NFT these days including Tom Brady, Paris Hilton, Topps trading cards, and even another public company in the adult entertainment market so why not iStripper. Topps and other companies have recently gone public through SPACs promoting their potential NFT inventory so it seems NFT might be the next hot thing in stocks.

EDIT: I just took the survey . The first question asked if I use 'crypto' ? I didn't answer that question because I wasn't sure if owning it was the same as using it?
SimonGriffin
Desde en May 2008

3 posts
April 9, 2021
I think NFTs are a digital waste of space. Literally. It has no real value. It doesn't exist in the real world. The fact that some rich idiot purchased the first TXT of a guy who developed a software program was just nuts! "Just testing" basically sold for 2+M$. Wow - when we have people starving to death and a pandemic of epic proportions and half the planet moving toward mutually assured destruction, we get this stupidity. When the world tips on its head (polar shift) or when the tech dies (Solar Max) lets just bend over and kiss our asses goodbye.. actually I'd prefer to do that to my fav models on here... I know we're spending cash to get digital models, but hell, these girls are worth paying for their time and efforts.. not some digitally worthless text and a name on a blockchain bullshit.

Sorry for the rant... :)
Alkasyn
Desde en Apr 2008

717 posts
April 9, 2021
I'm not interested, although I would be interested in regular BTS stuff.
pickle1
MODERADOR
Desde en Mar 2019

1353 posts
April 9, 2021
@pickle1 - MMTS ? I looked to see what that means - there are loads for example MMTS: Multi Modal Transport System (Hyderabad, India) MMTS: Merchant Marine Training Services: MMTS: Multilingual Machine Translation System: MMTS: Medical Material Transfer System: MMTS: Missile Maintenance Test Set: MMTS: Multimedia Technologies and Services Symposium (IEEE) MMTS: Michigan Music Theory Society (University of Michigan)Perhaps I've not read enough of all this thread?

MMTS - More Money Than Sense 😊😊😊
wrightsayswow
Desde en Jul 2020

1122 posts
April 9, 2021
Squishy brain syndrome again for me! 😳 Just could not think what it was.
spinkser3
Desde en Aug 2008

39 posts
April 9, 2021
I already don´t like the way crypto currency heads, so I seriously don´t like this at all.
Audiobully
Desde en Jun 2018

15 posts
April 9, 2021
Chiming in real quick before heading to work.....

Having been a licensed financial advisor in my past, I have huge issues with all things NFT, blockchain, bitcoins. My reasoning is all other financial investments have tangible reasoning behind value of any product.

Currency, for example is printed and the more that is available + gross domestic product + national debt + ability to use said currency in as many countries as possible = value versus other currency

What GDP and country does Bitcoin or any other digital currency rely on? This right here scares the crap out of me.

Now, onto NFT. Ok, so you claim this form of art, video, etc is "one of a kind". Ok, but who cares? What am I supposed to do with it? With tangible art, you hang it, showcase it, etc. A NFT photo? Just screen cap it and share it with whomever you want, If first printings are not valuable anymore for the most part, why would NFT?

I just see a massive drop in value of all these things. For now, it's a lot of fun, but like other things in the past, without a tangible gauge to value items, it's bound to fail.
Starryk
Desde en Nov 2008

1859 posts
April 9, 2021 (edited)
I think that this is a new way to waste money. One might argue that buying shows in iStripper is a waste of money but i can combat that by the value i get back as part of the community and of course by enjoying the girls performances. I don't want to pay for something digital to be the only one in the world who has it. And some pay really riddiculous amount of money for such stuff. I also really don't like crypto currency.
For me it looks like the perfect way for criminals to make money without any chance to be caught and lose that money.
There simply needs to be a way possible to close an account that is given by some ransomware as target account. This business would be dried out soon if there would be someone in charge (and that someone could be a bigger organisation) who could make sure that no transaction with this account could be done from that point on where it gets reported as being used for criminal behaviour. Just set up a network servers with blacklists that will be checked against before a transaction is concluded. Doesn't have to be one central server that could be attacked but many of them that synchronize these lists with each other. Maybe it would even be possible to use the blockchain technology to secure these lists.
As long as that is not possible i will refuse to use crypto currency of any kind. The environment cost of mining bitcoin is another reason i despise this. Tell your grandchildren that the speed of climate change was increased just to make a digital money. That is so stupid it's really unbelievable.
So nope i rather take a signed material photo than just a digital one. I don't care if i am the only one in the world to have especially not with digital stuff.
SiaBaz
Desde en Oct 2010

34 posts
April 10, 2021
Digital Currency with an expiration date

Money not in circulation be made progressively perishable, declining in value from the date of issue.

Demurrage is essentially a 'tax' on the holding of currency out of circulation, intended to prevent the hoarding of currency and to keep it circulating at a rapid pace."
readyforanything
Desde en Apr 2011

2405 posts
April 13, 2021
I'm not interested, although I would be interested in regular BTS stuff.


I do`t know much about this but I have seen big company go with this and the people got mad about and left. WWE is one of the them no more app so I left too with a lot of other people.
SiaBaz
Desde en Oct 2010

34 posts
April 13, 2021
Digital currency loophole for the rich
Crypto hides Assets

From Crypto to Offshore Accounts: Tactics Used to Get Cash ...
There are no legal channels to trade Bitcoin
there’s no evidence it inflated purchase prices
Loopholes in lending laws are allowing cryptocurrency users to escape taxes — and the government can’t keep up

Tax evaders who failed to declare ( more than $90million ) in crypto income over the last few years ( money going missing )

e.g. - After waiting a while, the assets can be resold to another local partner below the market price, with the seller claiming the business has failed due to bad decisions or a changing business environment.
SiaBaz
Desde en Oct 2010

34 posts
April 24, 2021
Authorities Detain 62 People in Turkey for $2 Billion Crypto Exchange Fraud
Thodex crypto exchange scam has affected nearly 391,000 customers. The total value of the lost crypto assets stands at around $2 billion.

Hundreds of thousands of users cannot get access to their digital wallets.
Police raided the company's headquarters on the Asian side of Istanbul and seized computers and digital materials

Growing numbers of Turks are turning to cryptocurrencies in a bid to shield their savings in the face of a sharp decline in the value of the Turkish lira and high inflation.

Last month, Thodex initiated a campaign to boost membership by offering millions of free Dogecoins to new registrants. Its website says 4 million of the coins were distributedIn 2019, Last month,

Turkey's central bank said last week it will ban the use of cryptocurrencies in payments for goods and services starting from April 30.


The overall market cap of digital currencies took a major hit on Friday after the crypto market lost more than 10% of its value within a single day. Bitcoin, the world’s most valuable crypto asset, is down by more than 11% within the last 24 hours as its market cap dropped below $900 billion for the first time since 6 March 2021.

Regulatory uncertainty surrounding the crypto industry. Though some countries are introducing rules aimed at bringing crypto businesses under their supervision, the industry lacks the level of scrutiny seen in more established financial markets.

In 2019, Canadian crypto exchange QuadrigaCX went bankrupt after its CEO died, resulting in millions of dollars’ worth of digital assets being trapped in a digital wallet.
SiaBaz
Desde en Oct 2010

34 posts
April 24, 2021
On "Doge Day," SEC Commissioner warns Dogecoin traders: "Don't come ***** to the government if you lose money"

Bitcoin and other cryptocurrencies are decentralized, meaning they’re not controlled by a single individual but a network of computers. The whole idea of bitcoin originally was for people to be their own bank and hold money outside of the traditional financial system.
sh42n81
Desde en Apr 2008

314 posts
October 29, 2021
Having learned more about NFTs, my opinion about this is softening. When you think of them like digital baseball cards, they start to make sense. The Topps trading card company launched "eTopps" 20 years ago, trying to create a market for virtual baseball cards traded on eBay. When you bought an e-card, a physical card would be locked in the eTopps vault and stored for you, but you could ask to have it sent to you in the mail if you wished.

They were ahead of their time and it didn't take off. In this case, the bits that comprise the "card" are stored on the blockchain and permanently registered to your wallet address, not your name. So your ownership is public record, but your name is anonymous(ish).

Disney is launching a NFT series next month and I expect it to be huge. They will be on the Veve platform, which claims net zero carbon footprint (like magic!) and has other properties like Star Trek, Marvel, and DC. As an example, a 1:1 scale* token of the USS Enterprise D was released on 8 September, 2021. It is a 3D rendering which can be manipulated to view from any angle. They made 5,888 available, which apparently qualifies as "Ultra Rare," at a price of USD $130. They are sold out, but can be purchased on the secondary market. The asking price ranges from $370 to $439. It is a 3D rendering which can be manipulated to view from any angle.

I don't own the NFT, but I can download it and view it just like anyone who does own it. This is similar to how I can view a rare baseball card or Degas painting with Google Images. That is good enough for me, because I can't afford to buy a Mickey Mantle rookie card. But someone who owns one can sell it for a lot of money.

So, the question here is: what additional value would the owner of an iStripper NFT receive? What would be the benefit of ownership? The resale market is probably limited, so a big future payday is unlikely.

I could imagine something similar to today's much-derided SEC's: special release cards that would be limited to a small number of buyers and then retired. Code could be added to the IS client to require a user to plug in the NFT's blockchain address, and then would play the card. The NFT could be re-sold on Discord. NFT could also be used to issue "extras," such as exclusive photosets or videos. So, yeah...I could see how it might work, as long as they make the content attractive enough and don't just make NFTs out of cutting-room floor content.

-*This is apparently meaningful, as less rare tokens are available at 1:1000 scale. No idea how that is measured or represented in a NFT.
Ullubu
Desde en Dec 2011

746 posts
October 29, 2021
I could imagine something similar to today's much-derided SEC's: special release cards that would be limited to a small number of buyers and then retired. Code could be added to the IS client to require a user to plug in the NFT's blockchain address, and then would play the card. The NFT could be re-sold on Discord. NFT could also be used to issue "extras," such as exclusive photosets or videos. So, yeah...I could see how it might work, as long as they make the content attractive enough and don't just make NFTs out of cutting-room floor content.

Don't give them such shitty ideas. When something like this comes, I'm done here forever and leave.
Philours
Desde en Feb 2019

1612 posts
October 29, 2021
Don't give them such shitty ideas. When something like this comes, I'm done here forever and leave.
👍👍👍
wrightsayswow
Desde en Jul 2020

1122 posts
October 30, 2021
Don't give them such shitty ideas. When something like this comes, I'm done here forever and leave.
If I understand it right, me too. 👍
pickle1
MODERADOR
Desde en Mar 2019

1353 posts
October 30, 2021
Maybe I'm just getting too old for all this !

I am fundamentally opposed to anything block-chain related because of the vast amount of resource that is being used to support it, with the supposed millions of processors running just to validate it.

We have seen how China has acted - how long before other nations do the same and the whole thing collapses like ponzi schemes, etc.

NFT's are all part of that.

And I am a collector - I have nearly all the cards now, I physically own 14 of the outfits worn by our models - but NFT's are not for me.

In the words of Dragon's Den - I'm out.

sh42n81
Desde en Apr 2008

314 posts
October 30, 2021
@pickle1

I am fundamentally opposed to anything block-chain related because of the vast amount of resource that is being used to support it, with the supposed millions of processors running just to validate it.

We have seen how China has acted - how long before other nations do the same and the whole thing collapses like ponzi schemes, etc.

These certainly are valid concerns. Here's my response: the biggest blockchain players are actively working to reduce significantly the environmental impact. It is a result of the "proof-of-work" method used by many crypto currencies to validate transactions, which cause many nodes on the network to compete against each other for the privilege of verifying a block and the accompanying reward of receiving a coin.

But it doesn't have to be done that way; many mainnets are moving to a "proof-of-stake" model, while the NFT marketplace Veve uses a "proof-of-reputation" model. I won't get into the weeds of how they work, but they don't depend on banks of GPUs running at 100% capacity 24/7 to process transactions. Veve has just migrated to "Immutable X," which sincerely claims to have a net zero carbon footprint. I'll admit to being skeptical of that claim, but I'm not knowledgeable enough to justify my skepticism. It may be true.

As for counties banning crypto, well, China gonna China. I seriously doubt many, if any, Western countries will follow suit, for two reasons: first, you can't put the technology genie back in the bottle. For example, governments have been trying to ***** consumer cryptography for decades. At "best", they will only succeed in ***** major tech companies to water down their encryption schemes to give governments access to the files and devices under those companies' control. There will always be cryptographic algorithms available on the Internet that will be found and used by those who really want to maintain their privacy.

Second, and much more importantly, the global cryptocurrency market is 2.6 trillion dollars. Most of that does not come from people like I, who have a few thousand parked in Bitcoin. Most of it comes from the very people who control the governments in question and who wish to continue making buckets of money on crypto the market. I don't believe they will ***** their golden goose. When a company like Disney enters the space, I take that as an indication that the ground is fairly solid.
pantalone
Desde en Nov 2010

224 posts
October 31, 2021
I think this thread is in danger of conflating crypto-currencies with NFTs. Both use blockchain tech, but I suspect they have different futures.

I see cryptos as libertarian, globalised, tax-avoiding currencies, good for money laundering and other illegal transactions, as well as high-volatility speculation. They are a threat to governments' tax revenues and ability to regulate captalism, so they are vulnerable to legislative controls. Governments have an obligation to do something about them, since the rule of law is fundamental to our prosperity. This could be done by international treaty or, at a national level, by cancelling legal protections for crypto transactions. The "investments" in cryptos have no intrinsic value and not many people care if speculators take a bath, so they could drop 90% overnight.

NFTs are part of the speculative market for collectibles. They don't threaten nation states, so they're more secure. They currently use cryptos to buy and sell, but needn't. Now that people think they own a digital product by owning the NFT, their fantasy can outlive the demise of the currency they bought it with.

Both use blockchain, which does have its environmental issues, in spite of attempts to greenwash them. Also, the security services don't like it, but, as @sh42 says, the genie and bottle have parted company. The use of blockchain could well end up restricted to NFTs and secure communications, with even the ***** dealers shying away from worthless cryptos for their transactions.

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