BlockbusterDAO’s plan is to raise $5 million by selling NFTs — and then purchase the defunct video rental company.
— Read on www.theblockcrypto.com/linked/128564/a-dao-wants-to-buy-blockbuster-and-turn-it-into-a-decentralized-film-streaming-service
The IRS Has Seized $1.2 Billion Worth of Cryptocurrency This Fiscal Year – Slashdot
The IRS Has Seized $1.2 Billion Worth of Cryptocurrency This Fiscal Year – Slashdot
— Read on m.slashdot.org/story/388647
Vitalik: Why Elon Musk’s plan for scaling crypto 10x is ‘fundamentally flawed’
Musk is a punk. Decentralization FTW!
Ethereum co-founder Vitalik Buterin has argued that Elon Musk’s Twitter-plan to scale crypto by 10x is fundamentally flawed.
— Read on cointelegraph.com/news/vitalik-why-elon-musk-s-plan-for-scaling-crypto-10x-is-fundamentally-flawed/amp
Why Ethereum founder Vitalik Buterin got into crypto, bitcoin
“Because ultimately power is a zero sum game. And if you talk about empowering the little guy, as much as you want to couch it in flowery terminology that makes it sound fluffy and good, you are necessarily disempowering the big guy. And personally, I say screw the big guy. They have enough money already.”
— Read on www.cnbc.com/amp/2021/05/18/why-ethereum-founder-vitalik-buterin-got-into-crypto-bitcoin.html
NFTs, explained: what they are, and why they’re suddenly worth millions – The Verge
What’s worth picking up at the NFT supermarket?
NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art.
— Read on www.theverge.com/platform/amp/22310188/nft-explainer-what-is-blockchain-crypto-art-faq
In Praise of Bitcoin | Epsilon Theory
Bitcoin is itself an NFT, a unique digital art work instantiated on a blockchain. It’s the most valuable NFT in the world. I don’t mean a Bitcoin, obviously that’s a fungible thing. I mean THE Bitcoin … the 21 million Bitcoins that make up the Bitcoin Project. The notion that Bitcoin would ever “go to zero” is ludicrous. Good art is always worth something. But how do we measure that something … how do we put a price on the value of good art at this particular moment in time? It’s a REALLY tough question.
Why an Animated Flying Cat With a Pop-Tart Body Sold for Almost $600,000 – Slashdot
In the 10 years since Chris Torres created Nyan Cat, an animated flying cat with a Pop-Tart body leaving a rainbow trail, the meme has been viewed and shared across the web hundreds of millions of times. On Thursday, he put a one-of-a-kind version of it up for sale on Foundation, a website for buying and selling digital goods. In the final hour of the auction, there was a bidding war. Nyan Cat was sold to a user identified only by a cryptocurrency wallet number. The price? Roughly $580,000. From a report:
— Read on m.slashdot.org/story/382294
shot1.org 