With an announcement like this, I expect this transaction to be subject to tax. If it is, it will reduce the possibility of scam by purchasing from a friend, but it does not negate the possibility of money laundering occurring (although I rule it out because of the hype that occurs behind such matters and the existence of better ways to launder money).
If there is a fool who buys several Super-Mario-Style Mushroom Characters for $500,000, do not buy them for $5, otherwise you will be like that fool, but on a lower level.
It's just a way to get people used to paying higher fees, whether it's miners, altcoins, or people who don't like the increased adoption of Bitcoin.
Topic: Someone paid $450K for three (extremely) pixelated cartoon characters - page 2. (Read 277 times)
December 18, 2023, 10:40:01 PM
December 18, 2023, 06:51:52 PM
first of all the ordinals are not NFT's
secondly
i am 99.99999% sure the pixel creator published the pixelated image and then self bought his own scam. just to set a market rate
and because he paid himself.. it cost him nothing bar the market fee(0.x%)to set a market rate
now he just has to wait for an idiot to want to buy the scam
simply because thats how this fake scam market works
..
everyone has seen it done before..
years ago scammers would advertise a UK 50pence coin on ebay, but using another account they would buy the coin for £500 to set a market rate and get viral advertising on media that the 50p is worth £500.. but the buyer/seller are same person so it didnt cost £500, it lust cost the £0.20 ebay fee
now they just wait for idiots to buy a £0.50p for £500+
OP has become duped into becoming part of the viral advertising campaign the scammers were hoping for
..
how to swindle sotheby's..
scammer employs a friend to finance the auction bid(name separation from buyer/seller) and scammer will re-imburse the friend after the auction
it only costs the scammer the sotheby commission
but the hope it "legitimises" their scam to sucker in victims on next round
secondly
i am 99.99999% sure the pixel creator published the pixelated image and then self bought his own scam. just to set a market rate
and because he paid himself.. it cost him nothing bar the market fee(0.x%)to set a market rate
now he just has to wait for an idiot to want to buy the scam
simply because thats how this fake scam market works
..
everyone has seen it done before..
years ago scammers would advertise a UK 50pence coin on ebay, but using another account they would buy the coin for £500 to set a market rate and get viral advertising on media that the 50p is worth £500.. but the buyer/seller are same person so it didnt cost £500, it lust cost the £0.20 ebay fee
now they just wait for idiots to buy a £0.50p for £500+
OP has become duped into becoming part of the viral advertising campaign the scammers were hoping for
..
how to swindle sotheby's..
scammer employs a friend to finance the auction bid(name separation from buyer/seller) and scammer will re-imburse the friend after the auction
it only costs the scammer the sotheby commission
but the hope it "legitimises" their scam to sucker in victims on next round
Yea sounds like a great plan if you have the funds and are a scammer, creating your
own market value for your scam.
TBH, I dont get the NFT/Ordinals craze or is it more realistically a fad?
I have to commend the legitimate 'artists' and 'creators' who have created work and
were able to monetise it but yea I think a lot of people will get / have gotten scammed
thinking they are investing into something for the future.
ordinals does not use proper cryptographic proof of transfer
the pixels are in witness metadata, but do not assign which output the pixels are owed to within the blockdata..
it just shows the utxo input that created it..
the ordinals SOFTWARE GUI assumes 'first output' but this is not indicated in the blockchain data, and the ordinals software can change assumed output in a couple lines of code and a software update...
meaning its not immutably secure proof of transfer
those bitcoin junk are not real tokens. they are just publishing junk data. and scamming people with false beliefs they become registered owners. even if blockchain data does not in reality show proof of registered new owner
December 18, 2023, 06:44:13 PM
first of all the ordinals are not NFT's
secondly
i am 99.99999% sure the pixel creator published the pixelated image and then self bought his own scam. just to set a market rate
and because he paid himself.. it cost him nothing bar the market fee(0.x%)to set a market rate
now he just has to wait for an idiot to want to buy the scam
simply because thats how this fake scam market works
..
everyone has seen it done before..
years ago scammers would advertise a UK 50pence coin on ebay, but using another account they would buy the coin for £500 to set a market rate and get viral advertising on media that the 50p is worth £500.. but the buyer/seller are same person so it didnt cost £500, it lust cost the £0.20 ebay fee
now they just wait for idiots to buy a £0.50p for £500+
OP has become duped into becoming part of the viral advertising campaign the scammers were hoping for
..
how to swindle sotheby's..
scammer employs a friend to finance the auction bid(name separation from buyer/seller) and scammer will re-imburse the friend after the auction
it only costs the scammer the sotheby commission
but the hope it "legitimises" their scam to sucker in victims on next round
secondly
i am 99.99999% sure the pixel creator published the pixelated image and then self bought his own scam. just to set a market rate
and because he paid himself.. it cost him nothing bar the market fee(0.x%)to set a market rate
now he just has to wait for an idiot to want to buy the scam
simply because thats how this fake scam market works
..
everyone has seen it done before..
years ago scammers would advertise a UK 50pence coin on ebay, but using another account they would buy the coin for £500 to set a market rate and get viral advertising on media that the 50p is worth £500.. but the buyer/seller are same person so it didnt cost £500, it lust cost the £0.20 ebay fee
now they just wait for idiots to buy a £0.50p for £500+
OP has become duped into becoming part of the viral advertising campaign the scammers were hoping for
..
how to swindle sotheby's..
scammer employs a friend to finance the auction bid(name separation from buyer/seller) and scammer will re-imburse the friend after the auction
it only costs the scammer the sotheby commission
but the hope it "legitimises" their scam to sucker in victims on next round
Yea sounds like a great plan if you have the funds and are a scammer, creating your
own market value for your scam.
TBH, I dont get the NFT/Ordinals craze or is it more realistically a fad?
I have to commend the legitimate 'artists' and 'creators' who have created work and
were able to monetise it but yea I think a lot of people will get / have gotten scammed
thinking they are investing into something for the future.
December 18, 2023, 06:24:45 PM
I am %99 sure this is money laundering. I mean that %1 is because I have absolutely no proof of that, but "innocent until found guilty" is when we are talking about a courtroom, not public opinion, and I can have my own opinion on the matter without needing proof. If they could provide proof who bought it and where they found the money and it turns out its some accountant who invested in apple early on and made some wealth and gave his teenage son some money to spend for college and that kid invested into this, yeah then I will believe it. But until someone offers me some proof, I will keep thinking that these are all money laundering and nothing else. That, or someone created this, and bought his own thing himself with different account, to get some media coverage about it to make others want to buy it too.
Same thought here, and if this is not money laundering, this transaction may be some kind of a scheme. The owner buying his stuff. It is not new to us that many con-artist, schemers, and scammers do this kind of strategy just to make some hype or noise in the industry. Just like how many altcoin developers before self-trade to create volume so that their coins will be published on the exchange site to be noticed by traders.
I do not believe that the transaction is genuine, no one in their right mind will spend such a huge amount if there is no catch at all.
December 18, 2023, 06:06:39 PM
first of all the ordinals are not NFT's
secondly
i am 99.99999% sure the pixel creator published the pixelated image and then self bought his own scam. just to set a market rate
and because he paid himself.. it cost him nothing bar the market fee(0.x%)to set a market rate
now he just has to wait for an idiot to want to buy the scam
simply because thats how this fake scam market works
..
everyone has seen it done before..
years ago scammers would advertise a UK 50pence coin on ebay, but using another account they would buy the coin for £500 to set a market rate and get viral advertising on media that the 50p is worth £500.. but the buyer/seller are same person so it didnt cost £500, it lust cost the £0.20 ebay fee
now they just wait for idiots to buy a £0.50p for £500+
OP has become duped into becoming part of the viral advertising campaign the scammers were hoping for
..
how to swindle sotheby's..
scammer employs a friend to finance the auction bid(name separation from buyer/seller) and scammer will re-imburse the friend after the auction
it only costs the scammer the sotheby commission
but the hope it "legitimises" their scam to sucker in victims on next round
secondly
i am 99.99999% sure the pixel creator published the pixelated image and then self bought his own scam. just to set a market rate
and because he paid himself.. it cost him nothing bar the market fee(0.x%)to set a market rate
now he just has to wait for an idiot to want to buy the scam
simply because thats how this fake scam market works
..
everyone has seen it done before..
years ago scammers would advertise a UK 50pence coin on ebay, but using another account they would buy the coin for £500 to set a market rate and get viral advertising on media that the 50p is worth £500.. but the buyer/seller are same person so it didnt cost £500, it lust cost the £0.20 ebay fee
now they just wait for idiots to buy a £0.50p for £500+
OP has become duped into becoming part of the viral advertising campaign the scammers were hoping for
..
how to swindle sotheby's..
scammer employs a friend to finance the auction bid(name separation from buyer/seller) and scammer will re-imburse the friend after the auction
it only costs the scammer the sotheby commission
but the hope it "legitimises" their scam to sucker in victims on next round
December 18, 2023, 05:36:25 PM
What still baffles me the most is how people on their right minds are still investing in NFT, which means something that has no real use if we are to classify it as something they can really be used for. With all the scams and large losses that the total NFT market has recorded this season, people are still buying NFT for millions of dollars.
Well, I'm not even supposed to be surprised, knowing fully well that those buying are just business people, and they are trying to take advantage of the hype of the ordinals. If they buy at that price, they can equally sell back to their fellow big guys in the crypto space.
That's if the sales and the buying are really genuine, as the market can be manipulated with just a single person or two people in the same place just to make trending news in order to fine a victim who will buy the NFT with a higher bid.
We will all be here watching to see how long this ordinal hype is going to last and how many of those buying those tokens will be able to take some profit, as well as those who will also complain if they lose at the end of the day, as we are sure to see both.
Well, I'm not even supposed to be surprised, knowing fully well that those buying are just business people, and they are trying to take advantage of the hype of the ordinals. If they buy at that price, they can equally sell back to their fellow big guys in the crypto space.
That's if the sales and the buying are really genuine, as the market can be manipulated with just a single person or two people in the same place just to make trending news in order to fine a victim who will buy the NFT with a higher bid.
We will all be here watching to see how long this ordinal hype is going to last and how many of those buying those tokens will be able to take some profit, as well as those who will also complain if they lose at the end of the day, as we are sure to see both.
December 18, 2023, 05:02:19 PM
Why in gods name would anyone pay anything for this stupid crap?
Must be some kind of money laundering scheme.
Must be some kind of money laundering scheme.
There are early Bitcoin or some altcoin holders that have hundreds of coins worth millions of dollars, and they can easily afford to gamble with these pixelated garbage, because even if those crash to zero, those guys will still be rich. I seriously doubt that anyone from outside of the crypto ecosystem is coming with their $$ to invest big money into NFTs - maybe it happens occasionally, but it looks like most of the investors are crypto whales.
December 18, 2023, 04:58:14 PM
I am %99 sure this is money laundering. I mean that %1 is because I have absolutely no proof of that, but "innocent until found guilty" is when we are talking about a courtroom, not public opinion, and I can have my own opinion on the matter without needing proof. If they could provide proof who bought it and where they found the money and it turns out its some accountant who invested in apple early on and made some wealth and gave his teenage son some money to spend for college and that kid invested into this, yeah then I will believe it. But until someone offers me some proof, I will keep thinking that these are all money laundering and nothing else. That, or someone created this, and bought his own thing himself with different account, to get some media coverage about it to make others want to buy it too.
There's no way on knowing the truth behind those purchases and its true that no one on their right minds on purchasing up those pixelated NFT's for half a million dollars on which it is really just that normal for people to have that kind of impression that this is surely money laundering thing because of the amount involved and speaking about NFT thing. We arent on a NFT hype as of this moment but we do recently see some surge when it comes to nft purchases and volume but there are really things like these on which it would really be raising up some question.
Due to the fact that there's no way on knowing on whose behind on such address, then all the thing we can do now is to speculate into those probabilities but without having those strong evidences.
Its not new anymore into this market on which someone could really be able to clean up their tainted money via these kind of methods and ways
on which it is really that somewhat effective.
December 18, 2023, 04:53:35 PM
I am %99 sure this is money laundering. I mean that %1 is because I have absolutely no proof of that, but "innocent until found guilty" is when we are talking about a courtroom, not public opinion, and I can have my own opinion on the matter without needing proof. If they could provide proof who bought it and where they found the money and it turns out its some accountant who invested in apple early on and made some wealth and gave his teenage son some money to spend for college and that kid invested into this, yeah then I will believe it. But until someone offers me some proof, I will keep thinking that these are all money laundering and nothing else. That, or someone created this, and bought his own thing himself with different account, to get some media coverage about it to make others want to buy it too.
December 18, 2023, 04:45:23 PM
Why in gods name would anyone pay anything for this stupid crap?
Must be some kind of money laundering scheme.
'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K
Dec 14, 2023
In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates...continued below
https://www.coindesk.com/tech/2023/12/14/bitcoin-nft-hysteria-comes-to-sothebys-as-super-mario-style-mushroom-character-tops-200k/
Must be some kind of money laundering scheme.
'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K
Dec 14, 2023
In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates...continued below
https://www.coindesk.com/tech/2023/12/14/bitcoin-nft-hysteria-comes-to-sothebys-as-super-mario-style-mushroom-character-tops-200k/
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