Na Na Na Na....Na Na Na Na.... - Birth Of Dogecoin - SOG DogeCoinCard

 Cute as Cute Can Be 

DogeCoinCard - The Shiba Inu, Cute As Cute Can Be

Issued : Monday December 07 2015 , Epic card.

In Circulation :   1200  ( Click to see distribution of card holders ) 

Card Description :  Doge is a worshipped dog in Askian. He likes to relax in comfortable places. When travelers want to see or pet him, they usually bring him some of his favourite Dogecoins. He is famous for his peculiar way of looking, said to bring his visitors wisdom and inner peace.

Artist Impression : Spells Of Genesis artist, have excelled themselves here. This smiling Shiba Inu with the backdrop of Mt Fuji and cherry blossoms in the background is just so alluring. A picture paints a thousand words..

This is an epic card with issues locked at 1200 units. Although 1200 is the maximum number in existence. The true number will never be known as like Bitcoin owners may have lost passwords or keys.

Legally Everdream Soft owns the copyright to the image, even though others may own copies of the card. The situation is similar to owning a limited edition copy of a book.

Dogecoin card is an epic card to mark the birth of Dogecoin, December 06, 2015. When release it was deemed a joke coin not to be taken seriously and only used by kids sending each other useless trinkets. Guess the joke is on us as Dogecoin is today a top 20 coin with a market capitalisation in excess of 8 billion dollars. It was originally touted as the copper to Bitcoin gold.

Dogecoin supporters are fanatical about their coin! They guard and protect their stash with their lives.

This SOG DogecoinCard issued December 07 2015 is the earliest historical NFT symbol for Dogecoin and there are only 1200 copies at the most. How much would Elon Musk pay for one of these or any of those newly rich and ever fanatical Dogecoin fans.

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The Marketplace  How Much Is An NFT Worth ? Short article   HERE

Open Sea :  Opensea  

Opensea is the largest peer to peer marketplace for trading digital assets.

Auction : @nftauctions  @RoaringAuctionHouse

An auction is the best place for price discovery. Theo Goodman started his telegram site @nftauctions to do this. Sellers send their items to him on escrow and buyers register to bid. This is a trust based system. Another Telegram Auction Site @RoaringAuctionHouse has also been up and operating run by Bradley Hughes.

                       ___________________________________________________________

History

Doge Coin was created by Billy Marcus and Jackson Palmer using Litecoin basecode. This excerpt from an article by Tabarak Khan sums up Doge coin appeal in a nutshell.

                 Understanding Dogecoin’s popularity

Dogecoin launched on December 6, 2013, using the base code of Litecoin, which itself is an offshoot of bitcoin. It was developed by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke inspired by the Shiba Inu dog meme, which also dates back to 2013. The meme typically consists of a picture of a Shiba Inu dog accompanied by multicolored text in comic sans font in the foreground. The text, representing a kind of internal monologue, is deliberately written in broken English.

Just like its mascot, the Dogecoin brand is fun, warm, and fuzzy.

Dogecoin is different from other cryptocurrencies because it is essentially a brand. As I’ve written before on brand storytelling, successful brands place their message into a customer’s worldview and make them feel good about themselves. Dogecoin’s creators made the altcoin as a meme crypto for people who didn’t care about traditional cryptocurrency but still wanted in on the fun. Even within the realm of cryptocurrency as a whole, Dogecoin differentiated itself through its “meme-y” ethos.

Its reputation as a feel-good currency was driven by feel-good acts encouraged by the community. On January 19, 2014, a fundraiser was established by the Dogecoin community to raise $50,000 for the Jamaican Bobsled Team, which had qualified for but could not afford to go to the Sochi Winter Olympics. The fundraiser inspired the foundation, led by Eric Nakagawa, to collect donations to build a well in the Tana river basin in Kenya in cooperation with Charity: Water. On March 25, 2014, the Dogecoin community successfully raised 67.8 million Dogecoins (around $55,000 at the time) in an effort to sponsor NASCAR driver Josh Wise.

Just like its mascot, the Dogecoin brand was fun, warm, and fuzzy.

Dogecoin’s power as a cultural product

In his book, The Information, James Gleick wrote that memes have embodied the evolution of information. “In the competition for space in our brains and in the culture, the effective combatants are the messages. The new, oblique, looping views of genes and memes have enriched us.”

When viewed through this cultural prism, “Dogecoin is best thought of as a cultural product, rather than a financial asset,” writes Jason Potts, professor of economics, RMIT University, and Chris Berg, senior research fellow and co-director, RMIT Blockchain Innovation Hub, RMIT University. “The reality is few cryptocurrency users hold it as a serious investment or to use in regular transactions. Instead, to own Dogecoin is to participate in a culture.”

The viral contagion of the GameStop and Dogecoin frenzy is fascinating because we witnessed to what extent memes are capable of moving markets. It was not only the spread of an idea, but the spread of behavior.

Ellie Rennie, professor RMIT University, Melbourne, categorizes the rise of meme coins as “playful infrastructures.” She writes that developers of decentralized finance apps (DeFi) “use memes to capture attention and drive users to discussion boards that function as knowledge clubs. In order to capitalize on these applications, you need skills in crypto platforms and finance concepts, but also a gamer mentality.”

As explained in this post on the psychology of memes, we witnessed to what extent memes are capable of moving markets with the viral contagion of the GameStop frenzy. It was not only the spread of an idea, but the spread of behavior. While the community at r/wallstreetbets is hardly a monolith, members stretched their dollars and humor to hang on to strands of an abstract network that, together, experienced the rush of understanding the language, deciphering the slang, and reveling in self-deprecating humor.

With Dogecoin it’s a similar phenomenon: Dogecoin founder, Billy Markus, told the Wall Street Journal, “The idea of dogecoin being worth 8 cents is the same as GameStop being worth $325, it doesn’t make sense.” The idea of a joke-currency becoming a trending market asset is amusing due to the irony. “Fate loves irony,” Musk said during a chat on the invite-only social media platform Clubhouse. “The most entertaining outcome and the most ironic outcome would be that Dogecoin becomes the currency of Earth in the future.”

Dogecoin, Wikipedia gives us a good summary. 

The biggest push for Doge Coin of course comes from none other than Elon Musk. Doge coin price took a jump when he tweeted support for the coin.

Elon Musk says he will put Dogecoin on the Literal moon.

                       ___________________________________________________________

Related Articles

Non Fungible Tokens. NFTs. The Ultimate Store Of Value. 

How much is an NFT worth ? HERE

Bitcoin Origins - Genesis Card

The Stealing Of Mt Gox - GOXCARD

First Bitcoin Fork - Blocksizecd

Note : Please feel free to contribute in the comments to improve this page and to use, for promoting your sales.

Non Fungible Tokens - A New Asset Class - The Birth of NFTs

Birth of Non Fungible Tokens

Birth of NFTs as an asset class

25 February 2021 Christies accepted and sold by auction the first standalone NFT work of art for $60.25 million, plus 9 million in fees which for the first time was also paid in cryptocurrency.

The NFT in concern was a collage of digital images that the artist Mike Winkleman ( Beeple) created one a day every day for 13.5 years. A total of 5000 digital images sold as a single lot  above. 

This single event is recognised as one that ushers in NFTs as a new asset class.

Asset Classes : Companies : 87.61   ETFs : 5.95  Gold  : 10.97 Cryptocurrencies : 2.03 Trillion 

Cryptocurrency is now a new asset class and is already valued at 2.03 trillion dollars, meaning that 2.03 trillion dollars have already flowed into this asset class. 

The Need For A New Asset Class

Since the financial crash of 2008, almost every country in the world have embarked upon a program of Quantitative Easing ( money printing ). This does not produce any goods and services and is therefore inflationary, except that the inflation moved into assets like company stocks, real estate, gold and even cryptocurrencies. With interest at zero, near zero and even negative and yet even more money printing going on, money has found its way into NFTs and in a big way. 

This phenomenon is no accident. The purchaser of the Beeple NFT was Vignesh Sundaresan also known as MetaKovan, who previously purchased of the Delta 1-1-1 Formula 1 NFT for a price in excess of $100,000. He revealed that he was willing to pay even higher for Beeple as it was history in the making and would usher in a new age for digital arts. NFTs are rising in value because money is looking for another asset class. This is because the existing assets like Stock, real estate, bonds. gold and perhaps cryptocurrencies are already in bubble territory and so much more liquidity is still flowing in through endless money printing everywhere.

What is an NFT

We can define an NFT as a blockchainaised digital file. A digital file, time stamped on a public blockchain. As there is not enough space to hold the complete file containing image and perhaps text, the blockchain stores a link to an external database where the contents are stored.

As any asset. Its price is determined by supply and demand, and value is determined by Usefulness to society and scarcity. An item that is very useful and very scarce commands a very high price. An NFT is a virtual asset. Its value is in the eye of the beholder.

Andrew Steinwold gives a good account on the chronology of the development of NFTs HERE. Without a doubt the first Everdream Soft were the first to issue NFTs on the Counterparty and Bitcoin platform for their Spells Of Genesis Game.

The Market For NFT

Best place to get a grip on the NFT market is at DAPRADAR. This space is very new, daily sales are only around $30 million. Most of the current NFTs are issued on the Ethereum blockchain however the earliest NFTs were issued on the Bitcoin blockchain by Everdream Soft on the Counterparty platform.

The value of an NFT can be boiled down to age and content. Age determines scarcity as there can nver be anymore created and backdated. The Blockchain is a timestamp and we can therefore value an NFT by the date on which it was minted. 

There is of course no reason just to hold a transaction with a link pointer. The content is important. In the case of Beeple, even though the age of the transaction is recent, It represents the ownership of 5000 digital drawings by the artist over 13.5 years. A feat that cannot be duplicated. Being 1 off, sold at Christies ( A renown art trading house), gives it that value. If it comes up again for auction many people will still be willing to pay even more for it. It is both a store of value and an inflation hedge. It does not also carry all the cost of physical ownership.

Even if Bitcoin or Ethereum is outlawed, because it competes against a national digital currency, NFTs would still be legal as it will be regarded as an asset. Not a means of payment.

SOG cards - The most undervalued throve of NFTs 

When cryptokittes traded for $100,000 as an ERC721 token, not much attention was paid to Spells Of Genesis cards even though they were issued 2 years earlier in 2015. 

The Satoshicard was the most highly valued card and it sold for around $3000 back in 2016, but nothing like the hundred of thousands for Crypto Kitties. It may have been marketing or just that the Ethereum community was so much larger and supportive of anything Ethereum. Bitcoin was only seen as a payments system and a store of value and app developments were hampered because of the high transaction cost then. A curse that is also visited on the Ethereum blockchain today.

Besides being the earliest minted cards many of the cards also carry a theme of real events occurring in blockchain history. The Satoshicard celebrated the creator of Bitcoin. The Genesis card chronicle the birth of Bitcoin and the whole blockchain industry from the minting of the Genesis block. The Battle For Blocksize brings up all the arguments and flame wars which lead to the forking of Bitcoin into BTC and BCH, and many more.

These are some of the cards linked to Bitcoin and Blockchain history.

Satoshicard

Genesis Card

Fdcard

Goxcard

Bearwhale

Emeraldether

Ethxcpcard

Edscard

Cardaugur

As this asset class matures, and increasing number of investors are exposed to the history and development of NFT, SOG cards will gain prominence. The earlier ones connected to blockchain history will be the most sought after.

LINKS

Birth Of A Creative Economy - HERE 

Christies and Beeple - HERE 

First NFT sells for 69 million - HERE

Bearwhale - The Feasting Of The Bearwhale - SOG Bearwhalecd

 The Feasting Of The Bearwhale

Bearwhalecd - The Feasting Of The Bearwhale

Issued : Friday July 24 2015 , Epic card.

In Circulation : 3000   ( Click to see distribution of card holders ) 

Card Description :  The Bearwhale hides deep down in the caves of jewels. From time to time he gets out and pours a great quantity of precious gems, gathered in his gaping mouth.

Artist Impression : Spells Of Genesis artist, portrayed the head of a whale on the body of a bear to represent the bitcoin whale in a bear market. Interestingly the CNN portrait was the reverse. The SOG version looks more interesting and dynamic in my opinion.

This is an epic card with issues locked at 3000 units. Although 3000 is the maximum number in existence. The true number will never be known as like Bitcoin owners may have lost passwords or keys.

Legally Everdream Soft owns the copyright to the image, even though others may own copies of the card. The situation is similar to owning a limited edition copy of a book.

Bearwhalecd is relatively rare but it does mark a very important point in time in Bitcoin history. A true collectors item. 

The price of these sought after NFTs are basically decoupled from the price of Bitcoin. Serious crypto holders should hold some as hedge against their crypto holdings.

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The Marketplace  How Much Is An NFT Worth ? Short article   HERE

Bearwhalecd price on the Dex :  Counterparty Dex 

Open Sea :  Opensea  

Opensea is the largest peer to peer marketplace for trading digital assets.

Auction : @nftauctions 

An auction house is the best place for price discovery. Theo Goodman started his telegram site @nftauctions to do this. Sellers send their items to him on escrow and buyers register to bid. This is a trust based system.

                        A copy of Bearwhalecd is up for auction on Saturday April 03. This is part of a batch of cards so we will not now how much value is attributed to the Bearwhalecd. 

                       ___________________________________________________________

History

Monday October 6 2014 was a day to remember in Bitcoin History. Bitcoin reached a high of just over $1000 in January and then started a bear market drop to around $320 over the weekend in the beginning of June. Then on Monday morning June 6 a bitcoin whale placed a limit order selling 30,000 Bitcoins @ $300. Never before has such an event happen in Bitcoin history and many feared the death of Bitcoin as been predicted so many times to date.

However over the course of the day and by the evening the whole order was devoured. Prices began to rise after but only to enter into a near 2 year bear market with prices as low as $120.

Strangely we have not had the equivalent Bullwhale depicted even as Bitcoin reaches $60,000! 

CNN artist Billy Mabrey impression of the Bearwhale. Read the article HERE

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@NFLAUCTIONS Theo Goodman Telegram Auctions

Theo Goodman started a telegram community @nftauctions where he took it upon himself to auction off any transferable NFTs. It is a simple model based on trust. Sellers send him the NFT to hold in escrow. The successful buyer would send him the money (Btc/Eth) and he would forward on this payment less his commission. 

FDCARD was sold for $45,000 at the March 20 2021 auction. This caught the SOG community including Shaban by surprise. This signals that there was indeed a big demand for early NFT cards which was a market that never existed before. Auctions are the best mechanism for price discovery outside of  a liquid market.

Prices can still be spoof at an auction by insiders selling among themselves. I made an analysis of the March 20 2021 auction results HERE.

The FDCARD transactions to me looks legit. This will be further verified by future auctions.

Related Articles

Non Fungible Tokens. NFTs. The Ultimate Store Of Value. 

How much is an NFT worth ? HERE

Bitcoin Origins - Genesis Card

The Stealing Of Mt Gox - GOXCARD

First Bitcoin Fork - Blocksizecd

Note : Please feel free to contribute in the comments to improve this page and to use, for promoting your sales.

Litecoin Creator - The Immitator - SOG Satoshilite

 The Immitator

Satoshilite - The Immitator

Issued : Wednesday February 05 2016 , Legendary card. 

In Circulation :  500  ( Click to see distribution of card holders ) 

Card Description :  After Satoshi created the Genesis Block and the first crystals of Askian, others followed by creating different kinds of crystals shortly afterwards. One of the first and most successful ones was a man called "The Imitator". He created the coin of lite, and magically filled the Askian mountains with it.

Artist Impression : Spells Of Genesis artist, portrayed Charlie Lee as a lesser wizard compared to Satoshi, masked and with his lower part of his face exposed. He is shown clearly conjuring up Litecoin.

A legendary card. 500 were created. This card is indivisible. Although 500 is the maximum number in existence. The true number will never be known as like Bitcoin owners may have lost passwords or keys.

Legally Everdream Soft owns the copyright to the image, even though others may own copies of the card. The situation is similar to owning a limited edition copy of a book.

Satoshilite is a very rare card. A true collectors item. Like a limited edition copy of the "Mona Lisa" this NFT was issued by Everdream Soft on Wednesday February 05 2016

The price of these sought after NFTs are basically decoupled from the price of Bitcoin. Serious crypto holders should hold some as hedge against their crypto holdings.

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The Marketplace  How Much Is An NFT Worth ?   HERE

FDCARD price on the Dex : Counterparty Dex 

Open Sea :  Opensea  

Opensea is the largest peer to peer marketplace for trading digital assets.

Auction : @nftauctions 

At the March 20 2021 @nflauctions a Satoshilite card was sold for a record $3300. This would give Satoshilite a market capitalisation of $1.65 Million

18/04/2021 Lot 43 sold for $1250

An auction house is the best place for price discovery. Theo Goodman started his telegram site @nftauctions to do this. Sellers send their items to him on escrow and buyers register to bid. This is a trust based system.

Shaban explained that Charlie suggested that he be portrayed as an immitator. 

                        __________________________________________________________

History

Let there be Lite. Charlie Lee created Litecoin on October 13, 2011, in his own words "as silver to Bitcoin gold".

Litecoin is an open source fork of Bitcoin, however instead of 10 minutes block time Litecoin was 2.5 minutes, and total supply was increased to 84 million.

Instead of SHA 256, Litecoin uses Scrypt. This was deliberate as Bitcoin was increasingly being mined using Asics, thus making it more profitable for GPU miners to mine Litecoin.

Charlie created Litecoin while he was still at Google. He worked on Litecoin in his own time out of his own interest in the project. He left Google to join Coinbase in 2015.

Charlie Lee explains why and how he created Litecoin

In December 2017 Charlie Lee sold all his holdings in Litecoin to avoid being accused of talking the price up. Interestingly he sold at near peak of around $300 the price crashed after and did not recover till this year.

_________________________________________________

@NFLAUCTIONS

Satoshilite was sold at auction for $3300 at least twice. This puts the marketcap for Satoshilite at $1.6 million.

Related Articles

Non Fungible Tokens. NFTs. The Ultimate Store Of Value. 

How much is an NFT worth ? HERE

Bitcoin Origins - Genesis Card

The Stealing Of Mt Gox - GOXCARD

First Bitcoin Fork - Blocksizecd

Note : Please feel free to contribute in the comments to improve this page and to use, for promoting your sales.

The Healing Formula - First NFT issued by Everdream Soft - SOG FDCARD

The Healing Formula

FDCARD - The Healing Formula

Issued : Friday March 13 2015 , Legendary card. ( This is the first known NFT card ever issued).

In Circulation :  299  ( Click to see distribution of card holders ) As a legendary card there were 300 issued but a fraction of 1 card was burnt leaving 299 complete cards*.

Card Description :  Spells of Genesis and Moonga card

Artist Impression : Spells Of Genesis artist, gives us that AHA moment when a discovery is made! Apt perhaps because so many discoveries were made. Blockchain, Tokenisation, First NFT....

Being a legendary card, only 299 were created. This card is divisible. Although 299 is the maximum number in existence. The true number will never be known as like Bitcoin owners may have lost passwords or keys.

Legally Everdream Soft owns the copyright to the image, even though others may own copies of the card. The situation is similar to owning a limited edition copy of a book.

FDcard is a very rare card. A true collectors item. Like a limited edition copy of the "Mona Lisa" this NFT was issued by Everdream Soft on Friday March 13 2015 to help support protein folding to find cures for cancer and other diseases.

The price of these sought after NFTs are basically decoupled from the price of Bitcoin. Serious crypto holders should hold some as hedge against their crypto holdings.

__________________________________________________________

The Marketplace  How Much Is An NFT Worth ? Short article   HERE

FDCARD price on the Dex : Counterparty Dex 

Open Sea :  Opensea  

Opensea is the largest peer to peer marketplace for trading digital assets.

Auction : @nftauctions 

At the March 20 2021 @nflauctions FDCARD was sold for a record $45,000

An auction house is the best place for price discovery. Theo Goodman started his telegram site @nftauctions to do this. Sellers send their items to him on escrow and buyers register to bid. This is a trust based system.

                        __________________________________________________________

History

This was a partnership between Folding Coin and Spells Of Genesis

Folding coin participants earned these FDCARD by merged folding starting in March 2015 until May when all 300 were "mined" and distributed proportionally to the work units completed by participants who ran the Folding at Home model to help find cures for cancer, Alzheimer, diabetes etc

This was the first blockchain card issued by Shaban Shaame under Spells Of Genesis and perhaps the first NFT card ever issued.

“Bitcoin and blockchain is reserved today to a small group of people. One of the reasons is that understanding bitcoin is difficult for mainstream users. The SoG economy will open the bitcoin technology to a large user group who are gamers. By getting digital assets in the game, players will step a foot into the bitcoin economy. They will be able to buy and sell their game assets for bitcoin and slowly learn about decentralized trading. A large part of them might become interested in getting bitcoin in order to buy and sell their digital assets. This way, by giving concrete use of bitcoin, we expect to be a part of cryptocurrency mass adoption,” -- - Shaban Shaame, CEO and Founder of EverdreamSoft

Read The Article : HERE

_________________________________________________

@NFLAUCTIONS

FDCARD was sold for $45,000 at the March 20 2021 auction. This caught the SOG community including Shaban by surprise. A day before an FDCARD actually sold on the Counterparty dispenser for $20,000. Of course price discovery is better gauged at an auction.

Prices can still be spoof at an auction by insiders selling among themselves. I made an analysis of the March 20 2021 auction results HERE.

The FDCARD transactions to me looks legit. This will be further verified by future auctions.

Related Articles

Non Fungible Tokens. NFTs. The Ultimate Store Of Value. 

How much is an NFT worth ? HERE

Other Cards

Bitcoin Origins - Genesis Card

The Stealing Of Mt Gox - GOXCARD

First Bitcoin Fork - Blocksizecd

The Immitator  Satoshilite

Note : Please feel free to contribute in the comments to improve this page and to use, for promoting your sales.

 Contributors

* Helene.

First Bitcoin Fork - The Battle For Blocksize - SOG BLOCKSIZECD

 Battle For Blocksize

BLOCKSIZECD - The Battle For Blocksize

Issued : Thursday August 26 2015 , Legendary card

In Circulation :  300  ( Click to see distribution of card holders )

Card Description :  Politics in Askian are complex, decisions require consensus. The stakes for mountain miners and residents are high, thus creating friction within the community.

Artist Impression : Spells Of Genesis artist, painted an allegoric representation of the main characters around a table arguing over Big Blocks and Small Blocks. 

Being a legendary card, only 300 were created. This card is indivisible. Although 300 is the maximum number in existence. The true number will never be known as like Bitcoin owners may have lost passwords or keys. Even Shaban the founder of Everdream Soft and Spells of Genesis personally only holds 2 copies 1 of which he is putting up for auction.

Legally Everdream Soft owns the copyright to the image, even though others may own copies of the card. The situation is similar to owning a limited edition copy of a book.

Blocksizecd is a very rare card. A true collectors item. Like a limited edition copy of the "Mona Lisa" this NFT was issued by Everdream Soft on Thursday August 26 2015 to chronicle the bitter dispute over many years until it resulted in the split into BTC and Bitcoin Cash. 

The price of these sought after NFTs are basically decoupled from the price of Bitcoin. Serious crypto holders should hold some as hedge against their crypto holdings.

Shaban : This card has a special meaning for me. It represents the battle for bitcoin blocksize that eventually led to the chain split between bitcoin and bitcoin cash. The picture depict allegorically some of the famous people of the bitcoin scene at that time.

When I posted this card on reddit I got shadow banned from r/bitcoin reddit where the policy was to ban any post mentioning blocksize. This card is a witness of that incredible time and is loaded with memories.

The allegoric characters are

Big Blocks

Jesus like Figure standing up - Roger Ver

Orange Cloak  - Eric Voorhees

Back towards us - Gavin Andresen 

Small Blocks

Standing Up  - Gregory Maxwell

Hands Folded in blue - Adam Beck 

Lady in blue - Perianne Boring 

__________________________________________________________

The Marketplace  How Much Is An NFT Worth ? Short article   HERE

Blocksizecd price on the Dex : Counterparty Dex 

Open Sea :  Opensea  

Opensea is the largest peer to peer marketplace for trading digital assets.

Auction : @nftauctions

An auction house is the best place for price discovery. Theo Goodman started his telegram site @nftauctions to do this. Sellers send their items to him on escrow and buyers register to bid. This is a trust based system.

                        __________________________________________________________

Blockchain History

When Bitcoin was created the blocksize was unlimited. In order to protect against denial of service attack, Hal Finney in late 2009, with the reluctant consent of Satoshi and Mike Hearn set a block limit of 1MB. This was done on the understanding that it was temporary and would be removed later to allow Bitcoin to scale. A fact that was confirmed by Mike Hearn. 

Around 2012, as Bitcoin adoption grew, talk started surfacing on increasing the blocksize. This soon led to full blown flame wars between the Big and Small blockers. Roger Ver led the big block campaign and was the target of much hate from the small block community. The small block supporters had the advantage because they gain control of Bitcoin source code.

The argument against was that big blocks could not propagate across all nodes fast enough for decentralisation. Luke Jr even proposed decreasing it to 400 bytes. Gregory Maxwell wanted it to run on his raspberry PI. 

To get a feel of what it was like have a look at this video although Roger Ver was the only person supporting big blocks here

BTC developers proposed Segwit as a conciliatory means to increase the blocksize and solve Bitcoin's malleability problem at the same time. This was a step too far for the big blockers as according to them, it destroys the fundamental property that Bitcoin is an unbroken chain of signatures.

To avoid Segwit On 01 August at block 478559 Bitcoin split into BTC ( Bitcoin)  with 1MB transaction blocks and BCH ( Bitcoin Cash ) with 8MB transaction blocks. 

Even after that the attacks continued. It was a very divisive time fought on all media and scars remain to this day.

Bitcoincd card above referred to this first Bitcoin split into BTC and BCH. BCH would later again split into BCH and BSV.

These articles chronicle much of what happened in the early days of Bitcoin.

Resolution of big block experiment Lucas Nuzzi

Coingeek Article - Bitcoin History Part 1

Coingeek Article - Bitcoin History Part 2

Related Articles

Non Fungible Tokens. NFTs. The Ultimate Store Of Value. 

How much is an NFT worth analysis of 3/20/2021 @nftauctions? HERE

Other Cards

Bitcoin Origins - Genesis Card

The Stealing Of Mt Gox - GOXCARD

The Immitator  Satoshilite

Note : Please feel free to contribute in the comments to improve this page and to use, for promoting your sales.

The Stealing Of Mountain Gox - MT Gox Exchange Saga - SOG Goxcard

 The Stealing Of Mt Gox

SOG Card - The Stealing Of Mt Gox

Issued : Wednesday October 08 2015 , Epic card

In Circulation : 1200

Card Description : It is said that Mountain Gox, one of Askian's richest in crystals and gems, was robbed of all its treasures by one man. The miners lost their jobs and, in their anger, publicly humiliated their leaders. The wealth of the mountain was never traced back.

Spells Of Genesis artist, conjured up the image of a wizard stealing treasures from a mountain. 

In total 1200 cards were created. This card is indivisible. Although 1200 cards is the maximum number in existence. The true number will never be known as like Bitcoin owners may have lost passwords or keys.

Legally Everdream Soft owns the copyright to the image, even though others may own copies of the card. The situation is similar to owning a limited edition copy of a book.

The Goxcard is a collectors item. Like a limited edition copy of the "Mona Lisa" this NFT was issued by Everdream Soft on Wednesday October 08 2015 to chronicle the downfall of the biggest and earliest Bitcoin exchange at that time. 

Back Story : Shaban says that though the hack became public in 2014, this was one of the card that was issued long after the event. According to Shaban the image of a wizard stealing treasures hidden in a mountain was in his mind when it happened. 

__________________________________________________________

The Marketplace  How Much Is An NFT Worth ? Short article  HERE

Goxcard price on the Dex : Counterparty Dex

Goxcard on Open Sea :  Opensea

The best place for price discovery is the live auctions by Theo Goodman   NFTAUCTIONS

What can an NFT be used for ?

1) Commemorate an event 

2) Represent a digital artwork

3) Copyright ownership of an artwork

4) Ticketing access to clubs, events and such

5) Prestige of ownership if disclosed

6) Store of value

7) It is not a cryptocurrency

Store of value depends on all the attributes above and more perhaps. An NFT Card has only X number of copies in existence. It is of value to the people who played a part in the event. Gox card represents such an event.

A card like the Genesis Card represents the birth of Bitcoin and thus will have wide interest even to people not particularly interested in Cryptocurrencies.

A card like Satoshicard was the apex card even among SOG enthusiast then. The fact that it depicted a mysterious like character " Yoda Like " makes it even more appealing even if we eventually agree on who Satoshi really is.

It is not a cryptocurrency and this is important. Blockchains are always increasing and decreasing in value. Even if the price of BTC collapses a quality NFT will hold its' value. This is important for those holding crypto to hedge their risk of ownership.

This market is huge and this fact has not really sunk in. FDCARD sold for $45,000 and by extension total FDCARD value is $13.50 million. This places it at no 845 ( Coin Gecko)  by market capitalisation, and it is only 1 Card in the SOG stable. Clearly this is a new asset class and deserves a ranking category all on its' own.

__________________________________________________________

Blockchain History

A parody of Mark Karpeles giving an account events.

No Seriously !!

Jeb McCaleb bought the domain Magic The Gathering Online Exchange in 2007, Mt Gox for short and used it to trade game cards. In 2009 he converted it to trade Bitcoin. He then sold it to Mark Karpeles in 2011. Mt Gox went on to become the largest crypto trading platform accounting for as much as 80% of all trades until its' bankruptcy in 2014.

At that time when nearly everybody who was dabbling in crypto was trading on MT GOX, you can imagine how angry the community was. Not only were Bitcoiners hit in the pocket but they were the laughing stock and set back Bitcoin adoption. 

The mantra after this event was "Never leave your assets on an exchange" "Not your keys, Not your Bitcoins." Of course other exchanges were also hacked after Mt Gox but MT GOX was the poster child and this SOG GOXCARD "The stealing of Mt Gox" marks the event for posterity.

Mr Karpeles, Where Is Our Money? This guy confronted Mark in Tokyo.

Solving the mystery of Bitcoin's biggest disaster

Mark Karpeles apology

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How The Story Unfolds

2007 - Magic The Gathering Online Trading (Mt Gox) founded by Jeb McCaleb 

2009 - MT Gox exchange change over from trading game cards to trading crypto currencies

2011 - Mt Gox sold to Mark Karpelles

2014 - Mt Gox Bankruptcy

This article in Buybitcoinworld by Jordan Tuwiner gives a fairly complete account of the MT GOX hack. ( MT GOX HACK ) ( Mt Gox Demise )

Developments Since Bankruptcy

February 2021 : Creditors to vote on draft resolution at creditors meeting 20 October 2021

February 26 2021 : Danny Brewster sues Craig Wright to hold safe funds in wallet 1Feex.. if he does  have control over wallet

Related Articles

Non Fungible Tokens. NFTs. The Ultimate Store Of Value. 

Other Cards

Bitcoin Origins - Genesis Card

First Bitcoin Fork - Blocksizecd

The Immitator  Satoshilite

Note : Please feel free to contribute in the comments to improve this page and to use, for promoting your sales.

How Much Is An NFT Worth ? Analysis of nftauctions 3/20/2021

Since this is a question we are all wanting an answer to, I decided to revisit the FDCARD auction as it fetch the highest price and had the most activity.

Why does an NXT have any value at all? I think for NXT it is just a new phenomenon. Value in the crypto sphere is moving into this space, spearheaded by the mainstream cashing in creating NFT to make and store value. 

Why the early SOG Cards have commanded so much value must be because some were created documenting and marking events in Bitcoin history. They were the first and that's what counts. They are also valuable because they are rare. Very Rare.

Back to the auction

zaafar                    opening bid 5K

mysterious aesthetic   Entered 10K

xcer                             Entered 11.111K      Exit 20K

rob                              Entered 12K             Exit 26K

dave                            Entered 12.5K          Exit 20K

@eltoso                      Entered 15K             Won

got it all offalik          Entered 26.5K          Exit  43K

white rabbit                Entered 36K             Exit 44K

Fredrick                     Entered 37k   

_____________

Bidding after 40K went as such :

@eltoso  40K

white rabbit 41

@ eltoso 42K

got it offalik 43K

white rabbit 44K

@eltoso  45K

Question is : Was this real? As there were 9 active bidders I believe it was. Even after 40K there were still 3 bidders in it. Some dropped of earlier and it must mean there is unsatisfied pent up demand. 

The Satoshilite card went for $3300 so why the high price for FDCARD. It must be because it was the first even though it was not connected to Bitcoin storyline.

As I see it investors are making up their minds that these early SOG cards that tell the Bitcoin story are what they are willing to pay for. No more can be created and even if more of the same were issued by Everdream Soft ( I hope they don't ), the original ones will be the ones sought after. 

Value I suppose will be based on how investors perceive each card and the story they tell not if it is an Epic or Legendary card.  

By mistake some of the early cards were also divisible. You could buy 0.001 of a Satoshicard or Genesis card. It would be silly to break one up but fractions of these cards already exists.

__________________________________________________

Decided to examine the other sales  3/20/2021 Results. Unsold cards removed

1) Spells Of Genesis

Lot #17: FDCARD (1)

All in: $45000

Seller: N/A

Winner: @eltoso

Lot #8: SATOSHILITE (1)

All in: $3300

Seller: N/A

Winner: Cheech P

I am familiar with Spells Of Genesis and I know the personalities. Shaban was at the auction and he was as surprised at the prices achieved as much as I and some others in the Spells of Genesis community. I believe most of us invested in the game believing that if the first blockchain game became a success the cards would be worth something. The best prices were always in the low hundreds for Legendary and Epic cards and mere dollars for the rest. There was no premium for historically significant cards. The most expensive was of course the Satoshicard which sold for up to 6.65 BTC about $3500 then.

Over the years support ebbed and flowed and mainly hobbled along. Many of the original investors lost interest but did nothing as there was no market to speak off for the cards. The game token BCY was also delisted from many exchanges except for Zaif in Japan but liquidity was very low.

Then @nftauctions happened! We note that the sellers were not identified (NA) Both the winners Cheech P and @eltoso only made the one purchase. I know that none of us in the community were bidders in these 2 items. They are most probably from outside the community who are buying as an investment or as a store of value.

Demand for SOG cards seem to be on the rise from outside the community.

2) Villar Donations

Lot #35: Villar Donation Lot

All in: $1100

Seller: N/A

Winner: @IndelibleTrade

Lot #10: J. Villar (Mega Lot)

All in: $9400

Seller: N/A

Winner: @rarepepetrader

I believe these were Rarepepe cards and I commend the buyers for their kind donations.

3) Pepe, Corn Force, Of Will

Lot #1: MOONBRUNCH (Mega Lot)

All in: $1169

Seller: @moonbrunch

Winner: @Cornholio_the_Great

Lot #4: CORNITO (Mega Lot)

All in: $1500

Seller: @Cornholio_the_Great

Winner: Xcer

Lot #19: RareScrilla (eth)

All in: $2700

Seller: @scrillaventura

Winner: Xcer

Lot #28: Force of Will (4)

All in: $1000

Seller: N/A

Winner: Xcer

Lot #2: HOMIE (1)

All in: $3100

Seller: @misterwheeler

Winner: Xcer

Lot #27: FWCFCMARSFOC (1)

All in: $850

Seller: N/A

Winner: Xcer

Lot #30: DOSPEPES (1)

All in: $120

Seller: N/A

Winner: Xcer

Lot #33: CORNFITI (1)

All in: $900

Seller: @KEKRELOADED

Winner: Xcer

Lot #7: PEPEPOWERONE/TWO (2)

All in: $8500

Seller: @IndelibleTrade

Winner: @WhiteRabbit1111

Lot #15: PEPEPASSPORT (1)

All in: $400

Seller: N/A

Winner: @WhiteRabbit1111

Lot #26: FWCFCDRAGONC (1)

All in: $1000

Seller: N/A

Winner: @WhiteRabbit1111

Lot #32: GOXPEPE (5)

All in: $2800

Seller: N/A

Winner: @WhiteRabbit1111

Lot #3: LILUPEPE (1)

All in: $750

Seller: N/A

Winner: Zaafar

Lot #6: NOTARAREPEPE (1)

All in: $250

Seller: @wampum

Winner: @BitCrunchy

Lot #11: PEPEYAKUZA (Mega Lot)

All in: $3200

Seller: @Easy_B

Winner: @BitCrunchy

Lot #9: PEPEKACHU (1)

All in: $3800

Seller: N/A

Winner: @IProsumer

Lot #12: RAREPEPE (1)

All in: $17000

Seller: N/A

Winner: @hodlencoinfield

Lot #13: Bitcorn Jesus (1)

All in: $1500

Seller: ɱΔ6ì☾ҜìΔṄ

Winner: Tomi Devim

Lot #14: KEKTOPUS (1)

All in: $500

Seller: N/A

Winner: @scrillaventura

Lot #16: XENOPEPE (Mega Lot)

All in: $1000

Seller: N/A

Winner: ɱΔ6ì☾ҜìΔṄ

Lot #21: BATMANPEPE (1)

All in: $700

Seller: N/A

Winner: Gibson

Lot #23: DANKPEPE (1)

All in: $1100

Seller: N/A

Winner: @CollectiveMemeConscious

Lot #25: PEPEBAQUIAT (1)

All in: $1333

Seller: N/A

Winner: @CollectiveMemeConscious

Lot #29: CRYPTOPEPE (1)

All in: $420

Seller: N/A

Winner: Dave

Lot #31: EGGPLANTPEPE (1)

All in: $150

Seller: N/A

Winner: @Easy_B

Lot #24: RARECORN (1)

All in: $888

Seller: N/A

Winner: @droplister

There are 13 Winners in these sales @cornholio__the_great, Xcer, WhiteRabbit1111, Zaafar, @BitCrunchy, @IProsumer, @hodlencoinfield, Tomi Delvin, @scrillaventura, ɱΔ6ì☾ҜìΔṄ, Gibson, @CollectiveMemeConscious, Dave, @Easy_B, @droplister

Zaafar, Xcer and WhiteRabbit1111 participated in FDCARD bidding. Beyond this I am unable to comment as I do not know any of the personalities in Pepe, Corn, or Force Of Will community.

                         __________________________________________________

It is quite possible that NFT valuations can exceed that of cryptocurrencies! The reason is because NFT values are decoupled from the price of cryptos. It is an asset class all by itself. 

Take for example, the Spells Of Genesis  FDCARD was sold at auction for $45,000. There are 300 cards issued, which gives this card series alone a market Cap of  $13.5 million. Whatever happen to the price of Bitcoin, the value of an FDCARD will not be affected. It is a perfect hedge for crypto investors.

All will be revealed on April 03.

Other Cards

Bitcoin Origins - Genesis Card

The Stealing Of Mt Gox - GOXCARD

First Bitcoin Fork - Blocksizecd

The Immitator  Satoshilite

Note : Please feel free to contribute in the comments to improve this page and to use, for promoting your sales.

Bitcoin Origin - The Genesis Block - SOG Genesis Card

Birth Of The Bitcoin Blockchain

Genesis Card - Birth Of The Bitcoin Blockchain

Issued : Sunday July 05 2015 , Epic card. Heal all

In Circulation : 557  

Card Description : This is where it all began, the Genesis Block, source of all Askian's secrets and wealth but also cause of greed. Now, it's up to history to be written...

Spells Of Genesis artist, have given us the conception of an alien source in the creation of Bitcoin. Wouldn't that be great! The Byzantine generals problem was insolvable until Satoshi Nakamoto, whose identity is still unknown, mined the Genesis block and birth the Bitcoin Blockchain.

In total 1000 cards were created but 443 were burnt. This card is divisible which was a mistake on SOG part as it created a situation where some people bought fractions of the card from the Counterparty DEX. Although 557 cards is the maximum number in existence. The true number will never be known as like Bitcoin owners may have lost passwords or keys.

Legally Everdream Soft owns the copyright to the image, even though others may own copies of the card. The situation is similar to owning a limited edition copy of a book.

For what it represents, The Genesis Card is truly a collectors item. Like a limited edition copy of the "Mona Lisa" this NFT was issued by Everdream Soft on Sunday July 05 2015 to commemorate the birth of the Bitcoin blockchain. There will never be anymore of this special issue.

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The Marketplace

We could always trade NFT tokens on the Counterparty DEX, Open Seas, Counterparty dispensers to name a few, but these are not well supported and not real places for price discovery as Theo Goodman proved when he auctioned an FDCARD for $45,000 on 21 March 2021 in his telegram channel @NFTAUCTIONS.

The FDCARD was the first card released by Everdream Soft and it was not related to the Bitcoin story. It was to support a project to reward participants who donated idle CPU time towards crunching protein folding algorithms for curing diseases. We can look at it as a proof of concept exercise. Still it fetch $45,000 as it was the first known institutionalised NFT. Prior to this it had also traded for $20k on a Counterparty dispenser perhaps in anticipation of the auction. Theo Goodman's auctions made the jump from hobbyist to serious collectors for Tokenised NFTs, in part due to the current intense interest in NFTs and also promotion of his auctions on Twitter and other social networks.

The hunt is now on for an NFT to memorialised and immortalised the birth of the Bitcoin Blockchain. As humans beings we have this need to discover and mark a source for posterity. The Genesis Card from Everdream Soft seems to be a likely candidate. 

Depicting it as a manifestation from an unknown alien source conjures up thought provoking emotions of  mystery, adventure and excitement. Time will tell.

The value of an NFT is not set in stone. It is not guaranteed. It is worth only as much as what the next person is willing to pay for it. NFTs issued by celebrities may have value but will certainly fall in value as their popularity fades. NFTs depicting great work of art together with copyright ownership will hold value. 

NFTs issued by Everdream Soft, Spells Of Genesis series telling the Bitcoin story will always be in demand because they were the first and were made when nobody thought anything of it. It was not clear then that Bitcoin or the blockchain could even survive. Early adopters like early Bitcoin adopters are mostly just lucky if they still retain ownership of their Tokens!

It would be interesting to see how much the Genesis Card would fetch at auction if one was offered. The rarity of a card is not the arbiter of value. It is what it represents. It is history. It is prestige. It is the comfort of ownership. Ultimately it is demand. Price is discovered when supply meets demand. Always have and always will.

The value of an NFT could also be tied to access. Because ownership can be proven it could be used for invitation to events. Imagine a gathering only open to owners of a particular NFT. There will be other benefits we can't even imagine for now but these attributes make them different from Bitcoin and other Store of value tokens. NFTs can have intrinsic value baked into the design. 

__________________________________________________________

Blockchain History

Satoshi Nakamoto mined the Genesis Block on January 3 2009. This started the Bitcoin blockchain and the whole blockchain revolution. Embedded in the block was the message " The Times 03/Jan/2009 Chancellor On Brink of Second Bailout For Banks " Many people interpreted this as Satoshi's intention for bitcoin to replace Cash. ( In depth article on the Genesis Block by Daniel Phillips - Decrypt )

Why was this revolutionary? 

Up until then anyone could make an exact copy of anything digital. However if we embedded that digital information in a Bitcoin block, it is time stamped and that information can never be altered in any way. If we encoded a very large file and stored the encryption code in the blockchain, it will prove that we have the original copy of the file because changing anything in that file, even a comma would result in a different hash. It is this property that was so revolutionary and was credited as solving the Byzantine General's problem. This discovery is worthy of a Nobel Prize. We can even embed code in the blockchain which enables us to create self executing contracts. ( Smart Contracts )

From this beginning different types of  blockchains, private, public, proof of work, proof of stake and more have been created to solve specific problems. Everything we do, from supply lines, finance, identity and more will be recorded on a blockchain.  By enabling micro payments at scale, the internet of things will become a reality. Things can transact! Your fridge can order and pay for your groceries all by itself.

__________________________________________________________

The Origin Story

The Bitcoin whitepaper was first published by Satoshi Nakamoto on October 31 2008 and the Genesis Block was mined on January 3 2009. Rather than 10 minutes there was a 6 day gap between the genesis block and the next block. Also interesting is that the block rewards from the Genesis Block ( Block 0 ) can never be spent.

Let us take a step back. What are the necessary steps and conditions before we can even begin the process of mining the first block? We know that this was a garage type operation as no large organisation have ever claimed responsibility and in the early days you could mine Bitcoins on a laptop.

As far as we know, the only account of Bitcoin genesis was recounted in this Craig Wright interview. 

The Genesis Block ( time 30.36 )

1) The genesis block was inputed directly into the code.

2) There was 69 machines running Bitcoin code at his home and on a farm in a cowshed 3 hours travel time apart.

3) Window's "patch Tuesday" was the reason for the gap between the genesis block and the first block and it took the six days to get the system up and running again.

Most of what he describes and claimed can and should be verified, if we are serious in getting to the truth. Was the first blocks mined in Australia at that location? Did he buy 69 computers? Did he buy those Window licences. Why offer "patch Tuesday" as the reason for the 6 day gap unless he actually lived it? ( Some have even suggested that it was a religious thing, that God created the universe in 7 days ). The Genesis Block was coded into the software on Monday. His system started running and Windows upgrade happened. Blocks went out of sync and he had to fix and restart. The Genesis block did not changed because it was hard coded, which explained the 6 day gap. 

There was an argument put forward that January's 2009 patch was released on 13 January 2009 after the Genesis block on 3 January 2009. Someone could explain the difference between patch Tuesday releases and updates and how they were rolled out in different countries. I presume December patches are updated in January and Microsoft have been known to rush or pull patches as they see fit.

We live in a time when lies are presented as truth and people believe them. Many people believe that this man Dorian Nakamoto is Satoshi even though he himself denies it. He is even presented in Wikipedia as Satoshi Nakamoto!

Unless someone else offer another explanation Craig Wright's account is the best we have for the Genesis Block. I will be happy to include that narrative here as well. It will make the topic all the more interesting. Whether we like Craig or not does not matter, the truth matters and truth does have a habit of surfacing.

The Genesis Card and The Genesis Block.

With all the history and back history associated with Bitcoin, link to the The Genesis Card every time we see that surreal and alien like image, it conjures up emotions in us about the myth and mysteries surrounding the Birth Of  Bitcoin.

Related Articles

Non Fungible Tokens. NFTs. The Ultimate Store Of Value. 

Other Cards

The Stealing Of Mt Gox - GOXCARD

First Bitcoin Fork - Blocksizecd

The Immitator  Satoshilite

Note : Please feel free to contribute in the comments to improve this page and to use, for promoting your sales.