Monday, May 3, 2021

The Creator - Satoshi Nakamoto - SOG Satoshicard

THE CREATOR
SATOSHI NAKAMOTO

The Satoshicard will be to NFTs what the Mona Lisa is to paintings.

SATOSHICARD - The Creator

Issued : Wedsnesday June 05 2015 , Legendary card.

In Circulation : 200 ( Click to see distribution of card holders )

Although 1000 cards were minted, 800 were burnt leaving only 200 in circualtion. This card is very widely distributed because it was given out to early investors who purchased distribution arrangements. with Everdream Soft. Even the issuer Everdream Soft own less than 20 cards.

Card Description : The mysterious Satoshi who is at the origin of the Blockchain. No one has seen him but everyone knows about him.

Artist Impression : Spells Of Genesis artist, paints a picture of Satoshi as an unknown character under a hoodie without any facial features. Emphasising the fact that his identity is still unknown.

This SOG Satoshicard NFT is the most important NFT card in the world because it is the earliest Satoshi NFT ever issued on any blockchain. Just looking at the image conjures up all the history, the controversy, all the good and bad experiences we all as individuals have had with Bitcoin and the Blockchain over the years. Without Satoshi the blockchain, and therefore NFTs as we know them will not exist.

Only 199 cards exist. This card is divisible, so even though 199 is the maximum number in existence. the true number will never be known as some may have lost passwords or keys, and we do not know how many cards are whole.

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.

Satoshicard 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 June 05 2015.

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

Open Sea : Opensea

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

Auction : @nftauctions @RoaringAuctionHouse

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.

Price and Value

The value of Satoshicard is that it represents the whole of the Blockchain ecosystem because without Satoshi Naamoto and his invention of Bitcoin, NFTs and everything beinging developed in the bitcoin space be it public or private would not exist.

As for the price ? Only 199 whole cards can exist. No doubt there will be fractions of this card floating around as well.

Price - PRICELESS !!!!

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History

In the future Satoshi Nakamoto will be the name mentioned in every school curriculum that teaches blockchain technology. Every person from anywhere in the world that uses the blockchain will recognise the name Satoshi Nakamoto and will probably at some time be curious as to who Satoshi Nakamoto is?

Trying to put up an argument as to the identity of who Satoshi Nakamoto is would be pointless. Even proposing that the real Satoshi Nakamoto should use the early private keys to sign a message does not prove that he or she is Satoshi. Only proves that they have the keys!!! This argument is just a red herring to draw in the gullible and uninformed.

To find out who Satoshi Nakamoto is we have to go back to the beginning. We have to go back to the creation of Bitcoin. There can be no denying that Satoshi Nakamoto or a group calling themselves Satoshi Nakamoto created the Genesis block and thus created Bitcoin. Therefore the person that can put forward a convincing and collaborated story and narrative on how the Genesis block and the Bitcoin blockchain was created can only be Satoshi Nakamoto himself.

Let us concentrate our attention to the act of starting the Bitcoin blockchain. What do we have to do at a minimum to create and start the Bitcoin blockchain. ( Refer to The Genesis Block )

1) Was it one person or a group of individuals ?

This is in reference to starting the Bitcoin software. Had it been a group of people huddled around several computers with a countdown to the start, someone would have talked about it. There would have been chatter before and after the event. There were none. We can therefore be sure that Satoshi Nakamoto acted on his own in the beginning. It was after that that he invited others to join in the nodes and mining of Bitcoin.

2) What was each possible candidate doing before, on, and after 3 January 2019?

In all probability the Genesis block was launched by one person. So if someone claims to be Satoshi Nakamoto he should be asked what he was doing before, on, and after the launch of the Genesis block! Approach the problem like a murder mystery! Where where you and what were you doing around this period. There is so much that can be asked and answered about this period that nobody other than Satoshi Nakamoto himself could provide an coherent account. By the way only one person have come forward!

3) What was the cost in launching the Genesis block.

This was a massive investment and commitment for an individual. It would be very difficult for anybody to know all the minutiae of problems involved in setting it up. Again only one person have offered any account of this investment.

Bitcoin Satoshi Vision.

Whatever the argument the most important problems a blockchain have to solve is scaling. Scaling meaning taking on anything anyone wants to use it for. It needs to be the baseline protocol for the Blockchain like TCP/IP.

In order to be a baseline protocol, the protocol must also be frozen. No more upgrades on this layer that would require everyone building on it to update their codes everytime there is a change. All upgrades are on higher levels.

Bitcoin Satoshi Vision have met the above two criteria. The blocksize is already unlimited, limited only to miners moving the caps based on technology advancements and economics.

Early on many of the script op-codes were deactivated by BTC developers for "security" reasons. All these op-codes have now been restored. We don't see any security issues as a result on BSV. Were BTC developers ignorant or just being untruthful. Restoring those op-codes just make the BSV protocol more powerful.

BSV protocol is now frozen. There will be no more developers argument on forking the chain. This is important as it takes the issue of governance off the table. Governance is basically passed to the miners who will act in their own economic interest.

My own opinion is that national digital currencies will be tokenised on the BSV blockchain. This will be the ratification that BSV have succeeded in becoming the base protocol.

Who Is Satoshi Nakamoto

Why have Adam Beck or others not claim that title? It is precisely because they cannot account for the events around the birth of Bitcoin. Only one person have come up to claim this title!

There has been critical examinations of the period before and after the release of the white paper and close scrutiny of the many discussions that Satoshi had with various people and groups. These are not relevant until we know who Satoshi is because all those "evidence" were made when he took pains to hide his identity. Quite oxymoronic.

Same may believe in the virgin birth but for Bitcoin there was a creator. The truth is out in the open. It is just that many cannot accept this reality, and like Covid 19 you deny reality to your own detriment.

Is Craig Wright Satoshi Nakamoto and does it Matter.

CNBC - Who is Satoshi Nakamoto - Not Him!

Best report and analysis on the identity of Satoshi Nakamoto

Good background on Bitcoin precursor and dvelopment

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.

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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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

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.

Meet Sarutobi - The Flying Bitcoin Collecting Monkey

Mandrel Duck release Sarutobi Island

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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

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.

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.

Bitcoin and The Blockchain

Monday, May 3, 2021