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.

Tuesday, April 6, 2021

The Flying Bitcoin Monkey - Sarutobi - SOG Sarutobicard

 The Flying Bitcoin Monkey


Sarutobicard - The Flying Bitcoin Monkey

Issued : Saturday December 19 2015 , Epic card.

In Circulation :  1600    ( Click to see distribution of card holders ) 

Card Description :  Sarutobi loves to swing through the forests of Askian. He collects the crystals and gold that travelers drop. Sometimes, he even steals from daydreaming hikers. He spends his plunder on improving his gear, so he can collect even more riches the next day.

Artist Impression : Spells Of Genesis artist, portrayed a cute little monkey holding in his hands a bitcoin and a huge gem. Attach to his feet are springs which he uses in the game to jump ever higher. .

This is an epic card with issues locked at 1600 units. Although 1600 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.

Sarutobicard is an epic card and is a collaboration with the Sarutobi online game. The sarutobi card can be used in both the spells of genesis and Sarutobi game. It marks a very important development in Bitcoin and blockchain industry.  A true collectors item. 

Shaban : 

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

Sarutobicard 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.

First sale of a Sarutobicard at auction ( @roaringauctionhouse 11 April 2021) was for $420. This gives Sarutobicard a Market Capitalisation of $672,000 

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History

Sarutobi literally means Flying Monkey in Japanese. This game was developed by Christian Moss at Mandrel Duck. It features a monkey swinging through the jungle collecting Bitcoins which is used to buy extra items for powering up to reach ever greater height and distance.

Sarutobicard was issued to mark a joint collaboration between Mandrel Duck and Everdream Soft in the first cross game use of a counterparty token. It holds a unique place in Blockchain history. 



The game integrated IndieSquare wallet developed by Koji Higashi which allow cards from other counterparty tokens to be used as powerups within the game.



Mandrel Duck release Sarutobi Island

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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.









Monday, April 5, 2021

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





Wednesday, March 31, 2021

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. 

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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.





Tuesday, March 30, 2021

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. 

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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.

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@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.