Blockchain

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Recap (2019 article):

How Digital Currency Could Be China’s Ultimate Soft-Power Tool
https://observer.com/2019/11/china-crypt...ower-tool/



Rudiger Dornbusch — 'In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.'
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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What is an NFT? Non-fungible tokens explained, and why you shouldn’t dismiss this fad

https://www.techradar.com/news/what-is-a...s-this-fad

Quote:NFT, or non-fungible token, has become 2021’s ‘blockchain’, a word you’ve never heard of before that is suddenly everywhere. Be it Twitter CEO Jack Dorsey auctioning his first tweet, or the Kings of Leon selling their latest album, as one, NFTs are everywhere. But what is an NFT?

Some see it as the latest fad, a new crypto-esque bubble that’s guaranteed to pop eventually, while others think NFTs could have an important role in the future of digital art.



NBA Top Shot Video of Giannis Layup in 2014 with Bucks Sells for $137K

https://bleacherreport.com/articles/2934...s-for-137k

Quote:The price continues the rise of Top Shot, a digital highlights marketplace that utilizes blockchain technology to allow fans to "own" moments from games. It has seen a massive rise in popularity in recent months, thanks in large part to the non-fungible token (NFT) market.



Yes. NFT is the future of Digital Art. Many such tokens will be worthless tho.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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https://www.cnbc.com/2021/03/11/most-exp...llion.html

Beeple NFT becomes most expensive ever sold at auction after fetching over $60 million

Quote:An NFT by the artist Beeple sold at Christie’s for over $60 million, making it the most expensive NFT ever sold at auction.

The final sale price could shift higher as final bids are processed and auction fees are added, which could bring the total to more than $69 million.

The sale capped two weeks of frenzied online bidding and ushers in a new era in collectibles, where prices for blockchain-based digital images now rival prices paid for Picassos and Monets.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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https://cointelegraph.com/news/chinese-b...ent-stores

Chinese banks pilot digital yuan at Shanghai department stores

Quote:Shanghai’s New World City and New World Daimaru Department Store, and food caterer Taikang Food Store handled thousands of digital yuan transactions over the past weekend, Shanghai Daily reports.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Reply
(12-03-2021, 03:05 PM)Wildreamz Wrote: https://www.cnbc.com/2021/03/11/most-exp...llion.html

Beeple NFT becomes most expensive ever sold at auction after fetching over $60 million

Quote:An NFT by the artist Beeple sold at Christie’s for over $60 million, making it the most expensive NFT ever sold at auction.

The final sale price could shift higher as final bids are processed and auction fees are added, which could bring the total to more than $69 million.

The sale capped two weeks of frenzied online bidding and ushers in a new era in collectibles, where prices for blockchain-based digital images now rival prices paid for Picassos and Monets.


The guy that bought this is apparently Singaporean. Given his handle (metakovan), I suppose he stays in Kovan?

Crypto Investor in Singapore Is Buyer of $69 Million Beeple NFT (bloombergquint.com)
You can count on the greed of man for the next recession to happen.
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What Can You Actually Buy With Bitcoin?

https://www.nytimes.com/2021/02/03/style...tcoin.html

Quote:Pornography, patio furniture and an at-home coronavirus test are among the odd assortment of goods and services people are purchasing with the cryptocurrency.



You can now buy a Tesla with Bitcoin

https://twitter.com/SawyerMerritt/status...3322010626
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
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Goldman Sachs reportedly jumps on the bitcoin bandwagon

https://edition.cnn.com/2021/03/31/inves...-investing

Quote:"In this newly-created role, she will work closely with advisors to educate clients about blockchain technology and the digital assets ecosystem, and seek to deliver content, investment offerings and services,"
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger
Reply


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