Showing posts with label SOG. Show all posts
Showing posts with label SOG. Show all posts

Thursday, April 15, 2021

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.

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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.

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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.

Saturday, March 27, 2021

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. 

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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.

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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.