US crypto currency guys looking to buy English club

[Big Jack]

2 minutes ago, parkfieldowl14 said:

Yep.Used notes that would normally be sent to the incinerator when they’ve worn out.

Yep well washed.

[bobness]

[parkfieldowl14]

Just now, Asio otus said:

Yep well washed.

With Persel Non Bio washing powder.

[SiJ]

We already have our own cryptocurrency:  

 

D-Currency. 

 

 

 

[Whitecap Owl]

One of those 2 guys looks suspiciously like Rag N Bone Man...   

[parkfieldowl14]

1 minute ago, SiJ said:

We already have our own cryptocurrency:  

 

D-Currency. 

 

 

 

D-Valued by Currency Speculators.

[Dronfield_SWFC]

Season ticket refunds in fifa points

 

[mildatheart67]

Bedford FC are the lucky club 

 

He's talking of aspire to the Championship and Premier league.

 

Makes our guy look like level headed realist

[Inspector Lestrade]

I don't want Yanks involved in the club.

 

Bloody hell fire

[owlinexile]

46 minutes ago, Owling with laughter said:

Well I read about half of that before giving up because I didn’t understand a frigging thing about NFT’s and crypto currency and have no clue where their money’s come my from. 
 

They might as well have been talking in Latin, in fact I’d probably have understand a bit more.

 

So all in all they sound perfect to to take over Wednesday, following a growing tradition of having the the most unsuitable candidates possible to take charge of this club.

 

 

 

It's actually not that complicated. 

 

Say you have a computer file or a piece of electronic data.  Could be anything - a song, a piece of artwork, an object in a computer game.  Doesn't matter.

 

Normally, that piece of data can be perfectly copied, as many times as you want.  If you download a piece of music, the person who originally uploaded it still 'has' it - now there are two identical copies.

 

Basic economics therefore suggests that that data is therefore intrinsically worthless.  Imagine if anyone could take a £10 note and perfectly copy it whenever they want.  It would immediately become useless as currency. 

 

Now, there is a technology called 'blockchain'.  It doesn't really matter how it works exactly, but what it does is create an unalterable record of something, for example who owns a particular file.

 

All of a sudden you can check this record and see who owns the 'original' file and who has copies.  It is therefore possible to 'own' a computer file like you can own a physical object in the real world, and your version of it can be acknowledged as the only 'real' one.

 

This is the basis of how crypto-currency exists.  If there is only a finite amount of something, and ownership can easily be determined by checking an un-falsifiable record, then it can have actual value (as long as people believe it has actual value, but that's a different argument).

 

NFTs are the latest iteration of this idea.  The concept is basically - in the real world, there is a difference between, say, the actual Mona Lisa and a print of the Mona Lisa you can buy from the Louvre gift shop, right?  So, given that we can now mark out which of these pieces of JPEG art/YouTube videos/whatever is the 'genuine' one, shouldn't the same principle apply?

 

People like the two chaps above will therefore happily take your money to be the one who actually 'owns' that video of Fenton the dog chasing those deer, or the Meme template of Steve Buscemi trying to blend in with teenagers, or whatever.  The idea is that it might appreciate in value and you can sell it for a profit, just like any other asset.  Your mileage may vary on exactly how confidence scam-adjacent this all is.

[The only way is S6]

Is fungible a real word?!  

 

Do they still put them inside your Xmas turkey in a plastic bag? 

[Pughies Jockstrap]

Please please pretty please Mr Crypto buy us and put many of us out of our misery.

[parkfieldowl14]

17 minutes ago, Pughies Jockstrap said:

Please please pretty please Mr Crypto buy us and put many of us out of our misery.

Don’t tell the Man of Steel ‘ Superman ‘ that.He’s afraid of Crypto.

[room0035]

58 minutes ago, Inspector Lestrade said:

I don't want Yanks involved in the club.

 

Bloody hell fire

The already are who do you think you buy yours tickets off for each game.

[helmut_rooster]

4 hours ago, zorbatheowl said:

Imaginary money might pay the wages

 

At least it would be on time 

[Inspector Lestrade]

5 minutes ago, room0035 said:

The already are who do you think you buy yours tickets off for each game.

 

What you talkin bout Willis?

[room0035]

2 minutes ago, Inspector Lestrade said:

 

What you talkin bout Willis?

I suggest you check which American company you buy your tickets from for every owls game.

[Owling with laughter]

1 hour ago, owlinexile said:

 

It's actually not that complicated. 

 

Say you have a computer file or a piece of electronic data.  Could be anything - a song, a piece of artwork, an object in a computer game.  Doesn't matter.

 

Normally, that piece of data can be perfectly copied, as many times as you want.  If you download a piece of music, the person who originally uploaded it still 'has' it - now there are two identical copies.

 

Basic economics therefore suggests that that data is therefore intrinsically worthless.  Imagine if anyone could take a £10 note and perfectly copy it whenever they want.  It would immediately become useless as currency. 

 

Now, there is a technology called 'blockchain'.  It doesn't really matter how it works exactly, but what it does is create an unalterable record of something, for example who owns a particular file.

 

All of a sudden you can check this record and see who owns the 'original' file and who has copies.  It is therefore possible to 'own' a computer file like you can own a physical object in the real world, and your version of it can be acknowledged as the only 'real' one.

 

This is the basis of how crypto-currency exists.  If there is only a finite amount of something, and ownership can easily be determined by checking an un-falsifiable record, then it can have actual value (as long as people believe it has actual value, but that's a different argument).

 

NFTs are the latest iteration of this idea.  The concept is basically - in the real world, there is a difference between, say, the actual Mona Lisa and a print of the Mona Lisa you can buy from the Louvre gift shop, right?  So, given that we can now mark out which of these pieces of JPEG art/YouTube videos/whatever is the 'genuine' one, shouldn't the same principle apply?

 

People like the two chaps above will therefore happily take your money to be the one who actually 'owns' that video of Fenton the dog chasing those deer, or the Meme template of Steve Buscemi trying to blend in with teenagers, or whatever.  The idea is that it might appreciate in value and you can sell it for a profit, just like any other asset.  Your mileage may vary on exactly how confidence scam-adjacent this all is.

Thanks, genuinely for going to the trouble of explaining that.

 

I’ll never understand how something that someone has created on a computer can be worth anything though. To me it sounds like I could go out and create Owling coin, limit it to 20,000 copies but make it impossible for someone else to replicate. I could value each copy at £10,000 and sit back and wait for the money to roll in.

 

Honestly, it’s mind boggling how people fall for it.

[Inspector Lestrade]

6 minutes ago, room0035 said:

I suggest you check which American company you buy your tickets from for every owls game.

 

Buy one a season and its a card

[owlinexile]

55 minutes ago, The only way is S6 said:

Is fungible a real word?!  

 

Do they still put them inside your Xmas turkey in a plastic bag? 

 

These things are NON fungible.

 

If you want something to funge, you'll have to look elsewhere.