Thread: Blockchain/crypto

course it's not like the scout troop could incarcerate me, so maybe that part is different

Originally Posted by Hawgdriver

Freaking socialists, right?

I'm keeping my money. Sorry. This is different, I don't care what the law says

Originally Posted by Shazam!

I'm keeping my money. Sorry. This is different, I don't care what the law says

I guess if you suddenly stop posting one day we'll know the feds got you.

Originally Posted by BroncoWave

I'm not much into gambling. My wife and I make enough money and invest it in safe/reliable enough vehicles we'll be fine. In my opinion, crypto is a bubble that's going to pop. The people who get out before it does might get rich, sure. But way more people will be left holding the bag with nothing. Again, just my opinion. If I'm wrong I'm wrong. I'm just not going to risk my own life savings on something that's still so new.

The way you guys talk about this is the way every cultist ever talks about their cult. "You just don't understand. Do your research and you'll be all in! This has changed my life, it's the greatest thing ever!". The more I see you guys insist on how stupid everyone is who isn't in on this, the more sure I am that I'm making the right decision by not. I've been well served in life with the "if it seems to good to be true it probably is" mindset, and I've never felt more sure of that than with this.

Sorry busy day.


It is not a bubble that is going to pop. Crypto is here to stay. It is not just the investing/stock market type thing. Please remember that. So, bitcoin, doge, all of those can completely bottom out and be worthless. They can be worth 1 penny. Less than a penny. It does not matter. This is where many (I presume you as well) get turned off by it and call it a cult. Sure the whole buying the coins thing and whatnot is, but it is like 1/1000000th of what Crypto is. Sort of like how the Dark web is 10000000x^10 of what the regular web is. What is being looked at is just a teeny tiny part. So, blow up all of those coins, it wont matter. Crypto is not going anywhere and I will tell you why. It is what I have posted about before......NFTs

NFTs are without a doubt the future! Quote it. Remember it. As businesses learn about them and how to use them and marketers figure out unique ways to use them and not just for trading cards and pictures and stupid shit it is going to completely skyrocket. It is sooooo new right now. It is a fortunate time to watch it in its infancy. This is not about investing. It has nothing to do with a savings, a life savings or anything else you wish to put in there. I do advise anyone to strongly consider ether as a long term play. Doge is a short term. Ether is going to change everything as soon as people are educated about it.

When businesses were ALL brick and mortar people shared the similar opinion to you about ONLINE RETIAL. It was new, people thought it was bunk, too good to be true. Not real. A fad! We saw how it LITERALLY changed the market place forever. This is what is going to happen in the crypto space. This is why I am all about Ethereium. NFTS fall under eth. So me personally, I am building up to get in on that (as an investment) because I 100% believe NFTS are going to re-shape everything. It is all about cause and effect. Lets look

Currently the standard marketing practice is a 3% open rate and a 1% conversion rate. This is for emails and why building a list is so important, because the larger your list the larger your dream 100 can be. Once you have a dream 100, you add to it and boom! You are not scaling. Instead of 6 figs easy income you are 7. Once 7 you jump to 8 and then maybe 9 depending on how good you are. You must have a large list to do so. Businesses constantly are buy new leads all the time to get this done. Obviously, with a 1% conversion rate they have to spend millions just to be put in front of their audience. Crypto- more specifically, NFTs have an 88% engagement (open) rate and an 80% conversion rate!!! Lets look at those numbers again 3%/1% vs 88%/80%. Obviously these are stupidly high numbers. It is not because it is trendy either. It is because you get mass engagment, you can send push notifications anytime you want. You will still clean up the other 12%-20% (from 88%/80% converts) by putting them on a drip. So yes, emails are still super powerful, and you will continue to keep them and continue to build list and keep people on a drip. You will use you NFTs to put the ones that did not convert or open into long and short form drip campaigns to clean those up and maximize! This will all happen.

So how does this relate to crypto and why it will never go away you ask? Simple. Within the Crypto space is a whole new business landscape. I mentioned the bus stop park bench before- lets look at that example again. So imagine a regular old bus stop bench. There is a picture of a DUI lawyer or a realtor on is right. Yep. Pretty standard. Not good advertising. The conversation rate for that add is likely super low. The DUI lawyer might get a few because people that have had DUIs typically have to ride the bus because they are not allowed to drive. However, even though 3% are "opening/engaging" only 1% will actual buy those products or services. NFTs will literally put the business right there where people need them. So same park bench, but now in the Crypto world there is an Oakley sunglasses store, an umbrella store, DUI lawyers- not just one, snickers candy bars, and likely some games to play on your phone while you are bored waiting for the bus...maybe a music streaming business too. Right. So all of these businesses are now there at the bus stop bench. You cannot see them but they purchased that digital landscape.
So when you are bored at the bus stop you open up your camera on the park bench and up pops the business that has games to play on your phone. You they have a game that costs 25 cents for example. Ok, why the hell not. The game looks fun, its a quarter, so you buy it. Well, the only way to buy it is in crypto currency. So you buy 25 cents of crypto (whatever form they take- it will be in the Etherium) to play this game.

Cause and Effect- All cryptos can go broke, but businesses will still be in the crypto space to be put DIRECTLY Infront of their ideal customer avatars. This is acquisition cost. This is why i said it is so easy to monetize a podcast because customer acquisition is extremely low for businesses and therefore very profitable for you and them. So businesses WILL ALWAYS be in the crypto space because the Gucci Purse store no longer has to pay Thousands of dollars in rent each month to be in Beverly Hills when they can also have a spot right outside of Nordstroms or Starbucks. They now just tripled their exposure to their exact desired clients. The Effect of this is that there must be a way for these avatars to pay for the product/service that is being offered to them. That is Crypto. That is the only way these business can accept the transaction. So as long as the businesses are in the crypto space then there Must always be a form of crypto to complete the transaction. Now maybe Bitcoin and these other things stick around. Maybe they become huge- maybe they dont- does not matter. There will always be at least one as long as NFTs are in play. And NFTs are going to do to the business world what the Internet did. It is the next evolution of business. This is why imo Etherium is the way to go and long term play.

Cause and effect- standard business practice is 3% open and 1% convert. NFTS are 88% engagement and 80% convert. When you factor in that you can send a push notification to anyone at anytime- and nearly everyone has their phone with them at all times, but does NOT have their email with them at all times it only makes sense. Counter argument is having email on your phone. Which is correct, but they still have to open the email- get their attention with the subject line and then hope they open the actual email within the notification- then they have to read it- long or short form and there is not drip with this. NFTS you just send whomever on your list you want a push notification. You lose people if they have to click 3 or more times. With a push notification there is no clicking. They see the message immediately on their phone. If they want more info they just tap on the Push and bam! There has never ever been something like this before. Nothing as powerful as this. And businesses are paying out the ass for it!!!

Hopefully that helps you guys out and makes some sense.


TL;DR
Crypto will never go away because businesses will ALWAYS be there to support it because of customer acquisition and being placed directly infront of their target audience. The only means for those transactions is with some form of crypto currency to complete. Cause and Effect. The Cause is businesses wanting to market to their ideal customers. Effect is because of this there must be a currency exchange.

Guys if there is no law for it it cannot be illegal. There are two lawyers in this thread, please chime in on this. If there is no law for something, can one be punished for breaking a law that does not exist? That is the difference between a loophole and what is covered/not covered. NTL can chime in on this with his ins background. If something is covered and is a payable claim it is paid. If it is not it is not. If the language dictates that is is payable then it is not a loophole. It is what is covered.

A loophole is more like something being omitted. Some neglection in the language, the terms or definitions of the law/insurance/tax, etc. That is a loophole. Those get exploited and closed. Look at the patriots coach Bill. he is always finding loopholes. He exploits them. The league closes them and he moves on. He does not get flagged nor fined for those. He gets in trouble when he breaks rules like video taping, etc. That is expressly written and defined in the rules.

Crypto is not.

Originally Posted by underrated29

Guys if there is no law for it it cannot be illegal. There are two lawyers in this thread, please chime in on this. If there is no law for something, can one be punished for breaking a law that does not exist? That is the difference between a loophole and what is covered/not covered. NTL can chime in on this with his ins background. If something is covered and is a payable claim it is paid. If it is not it is not. If the language dictates that is is payable then it is not a loophole. It is what is covered.

A loophole is more like something being omitted. Some neglection in the language, the terms or definitions of the law/insurance/tax, etc. That is a loophole. Those get exploited and closed. Look at the patriots coach Bill. he is always finding loopholes. He exploits them. The league closes them and he moves on. He does not get flagged nor fined for those. He gets in trouble when he breaks rules like video taping, etc. That is expressly written and defined in the rules.

Crypto is not.

This^^

Originally Posted by BroncoWave

Originally Posted by Shazam!

I'm keeping my money. Sorry. This is different, I don't care what the law says

I guess if you suddenly stop posting one day we'll know the feds got you.

UR will bail me out, as long as he can pay in Crypto.

Originally Posted by Shazam!

UR will bail me out, as long as he can pay in Crypto.

HAHAHAHAHA!!!!

When I cash in I will buy a tesla just to make you happy ur

UR I am not reading that wall of text. I'm sorry you wasted your time writing that twice.

Originally Posted by BroncoWave

UR I am not reading that wall of text. I'm sorry you wasted your time writing that twice.

It's long but I skimmed through it most I know already

UR did u buy up NFTs too

I wanted to but didn't go that far in

Originally Posted by underrated29

Sorry busy day.


It is not a bubble that is going to pop. Crypto is here to stay. It is not just the investing/stock market type thing. Please remember that. So, bitcoin, doge, all of those can completely bottom out and be worthless. They can be worth 1 penny. Less than a penny. It does not matter. This is where many (I presume you as well) get turned off by it and call it a cult. Sure the whole buying the coins thing and whatnot is, but it is like 1/1000000th of what Crypto is. Sort of like how the Dark web is 10000000x^10 of what the regular web is. What is being looked at is just a teeny tiny part. So, blow up all of those coins, it wont matter. Crypto is not going anywhere and I will tell you why. It is what I have posted about before......NFTs

NFTs are without a doubt the future! Quote it. Remember it. As businesses learn about them and how to use them and marketers figure out unique ways to use them and not just for trading cards and pictures and stupid shit it is going to completely skyrocket. It is sooooo new right now. It is a fortunate time to watch it in its infancy. This is not about investing. It has nothing to do with a savings, a life savings or anything else you wish to put in there. I do advise anyone to strongly consider ether as a long term play. Doge is a short term. Ether is going to change everything as soon as people are educated about it.

When businesses were ALL brick and mortar people shared the similar opinion to you about ONLINE RETIAL. It was new, people thought it was bunk, too good to be true. Not real. A fad! We saw how it LITERALLY changed the market place forever. This is what is going to happen in the crypto space. This is why I am all about Ethereium. NFTS fall under eth. So me personally, I am building up to get in on that (as an investment) because I 100% believe NFTS are going to re-shape everything. It is all about cause and effect. Lets look

Currently the standard marketing practice is a 3% open rate and a 1% conversion rate. This is for emails and why building a list is so important, because the larger your list the larger your dream 100 can be. Once you have a dream 100, you add to it and boom! You are not scaling. Instead of 6 figs easy income you are 7. Once 7 you jump to 8 and then maybe 9 depending on how good you are. You must have a large list to do so. Businesses constantly are buy new leads all the time to get this done. Obviously, with a 1% conversion rate they have to spend millions just to be put in front of their audience. Crypto- more specifically, NFTs have an 88% engagement (open) rate and an 80% conversion rate!!! Lets look at those numbers again 3%/1% vs 88%/80%. Obviously these are stupidly high numbers. It is not because it is trendy either. It is because you get mass engagment, you can send push notifications anytime you want. You will still clean up the other 12%-20% (from 88%/80% converts) by putting them on a drip. So yes, emails are still super powerful, and you will continue to keep them and continue to build list and keep people on a drip. You will use you NFTs to put the ones that did not convert or open into long and short form drip campaigns to clean those up and maximize! This will all happen.

So how does this relate to crypto and why it will never go away you ask? Simple. Within the Crypto space is a whole new business landscape. I mentioned the bus stop park bench before- lets look at that example again. So imagine a regular old bus stop bench. There is a picture of a DUI lawyer or a realtor on is right. Yep. Pretty standard. Not good advertising. The conversation rate for that add is likely super low. The DUI lawyer might get a few because people that have had DUIs typically have to ride the bus because they are not allowed to drive. However, even though 3% are "opening/engaging" only 1% will actual buy those products or services. NFTs will literally put the business right there where people need them. So same park bench, but now in the Crypto world there is an Oakley sunglasses store, an umbrella store, DUI lawyers- not just one, snickers candy bars, and likely some games to play on your phone while you are bored waiting for the bus...maybe a music streaming business too. Right. So all of these businesses are now there at the bus stop bench. You cannot see them but they purchased that digital landscape.
So when you are bored at the bus stop you open up your camera on the park bench and up pops the business that has games to play on your phone. You they have a game that costs 25 cents for example. Ok, why the hell not. The game looks fun, its a quarter, so you buy it. Well, the only way to buy it is in crypto currency. So you buy 25 cents of crypto (whatever form they take- it will be in the Etherium) to play this game.

Cause and Effect- All cryptos can go broke, but businesses will still be in the crypto space to be put DIRECTLY Infront of their ideal customer avatars. This is acquisition cost. This is why i said it is so easy to monetize a podcast because customer acquisition is extremely low for businesses and therefore very profitable for you and them. So businesses WILL ALWAYS be in the crypto space because the Gucci Purse store no longer has to pay Thousands of dollars in rent each month to be in Beverly Hills when they can also have a spot right outside of Nordstroms or Starbucks. They now just tripled their exposure to their exact desired clients. The Effect of this is that there must be a way for these avatars to pay for the product/service that is being offered to them. That is Crypto. That is the only way these business can accept the transaction. So as long as the businesses are in the crypto space then there Must always be a form of crypto to complete the transaction. Now maybe Bitcoin and these other things stick around. Maybe they become huge- maybe they dont- does not matter. There will always be at least one as long as NFTs are in play. And NFTs are going to do to the business world what the Internet did. It is the next evolution of business. This is why imo Etherium is the way to go and long term play.

Cause and effect- standard business practice is 3% open and 1% convert. NFTS are 88% engagement and 80% convert. When you factor in that you can send a push notification to anyone at anytime- and nearly everyone has their phone with them at all times, but does NOT have their email with them at all times it only makes sense. Counter argument is having email on your phone. Which is correct, but they still have to open the email- get their attention with the subject line and then hope they open the actual email within the notification- then they have to read it- long or short form and there is not drip with this. NFTS you just send whomever on your list you want a push notification. You lose people if they have to click 3 or more times. With a push notification there is no clicking. They see the message immediately on their phone. If they want more info they just tap on the Push and bam! There has never ever been something like this before. Nothing as powerful as this. And businesses are paying out the ass for it!!!

Hopefully that helps you guys out and makes some sense.


TL;DR
Crypto will never go away because businesses will ALWAYS be there to support it because of customer acquisition and being placed directly infront of their target audience. The only means for those transactions is with some form of crypto currency to complete. Cause and Effect. The Cause is businesses wanting to market to their ideal customers. Effect is because of this there must be a currency exchange.

To expand on this slightly to give another angle/insight into NFTs is the fact that they are worth money. What does that mean you ask? Well, I am glad you asked (YOU FREAKING ASKED ME!!) that question!

-Lets say that you bought some concert tickets to your favorite band/artist.
-Lets say that the concert tickets are NFTs (because that is the future just watch and see)
(why would they do that? - I will explain but first lets get through this exercise)
-Lets say that somehow you were able to meet said band/artist and they signed your concert tickets.
-Lets say that you frame the tickets because they are signed by your fave band/aritst (like someone would frame a signed Elway jersey, right)
-Lets say that you are unemployed and need some money so you sell the autographed tickets to make some extra money.
-Lets say you paid $100 for the concert tickets and just sold them for $500.

----------
Now lets interject and see why the tickets will be NFTs in the future (and by future I mean soon- as soon as word gets out- but future for now)
-The NFT ticket will determine where you are- VIP, Front Row, Backstage access, etc. It makes it simple for the event to get people to where they need to be
-The NFT can be upgraded during the event. So if you like front row but want to upgrade to backstage you can purchase that right there during the show
-The NFT ticket itself has value- because you paid $100 for it. That piece of paper is worth $100. Everything it gets you is built into it, but the paper is the $
-The NFT will then be saved by almost anyone because they paid money for it. Even more so when it gets autographed!
-The NFT can be updated at anytime- check this out. While it is sitting there on your wall, they can upload ALL of the picutres and video of the concert and even some songs or parts of the song to that NFT ticket.
-You can literally pull out your phone, scan the ticket on your wall and re-live the entire experience
-They can update the content on the ticket. So maybe you scan it to see pics/vidoes and then comes up something telling you about the Next Event that is even bigger and has more of your favorite artists! Not only that but because you currently hold the NFT if you purchase with this same NFT you get 15% off the next show!
- So the business can re-market to you all the time.
-------

Now remember when you sold the NFT ticket you bought for $100 for $500?

Well, with NFTs with how they are constructed, whomever minted it, will receive (x %) of all sales from that NFT forever. As long as it is in existence. So if you sold it for $500- maybe they built 5% into it. So the original business would receive $25. They did not even have to do anything. If it gets sold again, then guess what, that original minter will get another 5%. So on and so forth. We call that residual income on another vertical. So anything that will hold value- not just stupid pictures and art work, but Jerseys, autographed anything, golf clubs, whatever you assign it to, will carry that ability to come back to you if it is re-sold, and that happens as many times as it is sold. So why not mint NFTs for things- because you never know when you can make a little extra money.

Music- songs anything

Originally Posted by BroncoWave

UR I am not reading that wall of text. I'm sorry you wasted your time writing that twice.

Its okay I still love you

Originally Posted by Shazam!

UR did u buy up NFTs too

I wanted to but didn't go that far in

Im using them for some big projects we are working on.