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AZA_21m
8d5ba92c8cca3d5c7392f0393ab15bd0fc6f634325b451541e0f7c9ac6c3ecd5
sharp mind with a creative soul

I'd also add this book ("21 Futures. Tales from the timechain" - Bitcoin Fiction Anthology by Konsensus Netetwork ๐Ÿ™ƒ

https://nostrfiles.dev/uploads/uMmZzQ5mhpHHNQAKqZ4S.mp4

Ho ho hodl ๐Ÿ˜Ž๐Ÿ‘ cool stuff.

...don't even try it at double speed ๐Ÿ˜‚ HAPPY #Monday Everyone ๐Ÿ˜Ž https://nostrfiles.dev/uploads/mNRE7pZNUIO1dv9mRuEt.mp4

๐Ÿ’œโšก

Too long to answer such question ๐Ÿ™ƒ

Now, you certainly earned a pair or two of these ๐Ÿ’œ๐Ÿ‘‡๐Ÿงฆ They would probably help with that freezing cold in South Carolina... Unfortunately, I can't send them too quickly... But I promise to give them to you when I see you next time. Meanwhile, I hope that those l already gave you in Lugano can also warm your feet. And extra I'm sending your way loooooooots of warm hugs (these can help as well โ˜บ๏ธ) https://nostrcheck.me/media/public/nostrcheck.me_8092325451330295691701204204.webp

Replying to Avatar AZA_21m

Similar to fine art, which can be used to move large amounts of value due to the subjective nature of its price, NFTs are even easier to use for "wash" trading. This practice can be used not only for "cleaning" illegal funds but also for "legal" money. Of course, I cannot confirm that's the case here with 100% certainty but it looks like. Otherwise, why would people be willing to spend so much on "nothing"? With shitcoins and their NFTs, for example, there are a few possible scenarios, but the simplest to describe would be either playing with multiple accounts until the item is finally resold, or directly transferring the funds to oneself or a "trusted" partner as payment for some "art". For example, if a company has surplus funds it does not want to claim or exchange to fiat coz they want to play tax, and it also does not want to keep it in crypto, it could create a piece from one account and purchase it from another, effectively sending funds to "itself" using two or even three different accounts (create + sell, buy, resell). Alternatively, this can be done with a "known/trusted" third party, often located in another jurisdiction, where the funds can either be kept or cashed out. Yes, I'm calling it laundry or washing. With shitcoins it's a deeper story which I simply don't like (hypocrisy and the reality that's fir me much worst than actually fiat itself...). With btc I know that simply P2P like peach, hodl hodl, robosats etc would be a decent way to covert one's value, or even to exchange it (vouchers etc) if really needed. I don't see the point of playing with ordinals, just straining the network.

Yes, fair point. And I also agree on that comment ref to gamblers, naive traders etc. trying to get rich quick vs firms and even media pumping the whole thing up.

Similar to fine art, which can be used to move large amounts of value due to the subjective nature of its price, NFTs are even easier to use for "wash" trading. This practice can be used not only for "cleaning" illegal funds but also for "legal" money. Of course, I cannot confirm that's the case here with 100% certainty but it looks like. Otherwise, why would people be willing to spend so much on "nothing"? With shitcoins and their NFTs, for example, there are a few possible scenarios, but the simplest to describe would be either playing with multiple accounts until the item is finally resold, or directly transferring the funds to oneself or a "trusted" partner as payment for some "art". For example, if a company has surplus funds it does not want to claim or exchange to fiat coz they want to play tax, and it also does not want to keep it in crypto, it could create a piece from one account and purchase it from another, effectively sending funds to "itself" using two or even three different accounts (create + sell, buy, resell). Alternatively, this can be done with a "known/trusted" third party, often located in another jurisdiction, where the funds can either be kept or cashed out. Yes, I'm calling it laundry or washing. With shitcoins it's a deeper story which I simply don't like (hypocrisy and the reality that's fir me much worst than actually fiat itself...). With btc I know that simply P2P like peach, hodl hodl, robosats etc would be a decent way to covert one's value, or even to exchange it (vouchers etc) if really needed. I don't see the point of playing with ordinals, just straining the network.

๐Ÿค˜๐Ÿ˜Ž๐Ÿ”ฅ

Replying to Avatar Rasha

โœŒ๏ธ๐Ÿ”ฅ๐Ÿ’œโšก