There is nothing more powerful than an idea whose time have come. Blockchain technology will completely change how we organise and use data for the betterment of societies. However only one blockchain will emerge as the underlying protocol and this will be Bitcoin SV.
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.
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.
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
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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 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.
