Exactly now i don't think Whatsup sees this as intentionally supporting illegal scam products but that's what she doing. Unfortunately alot of crypto is this way. these altcoins the only coin that should exist in reality is bitcoin. applications should incorporate bitcoin into it. we've just created a scam atmosphere of unregistered securities we all may very well be breaking the law essentially cirminals.
So what's really take a look at what nfts are. nfts is like me selling you the color red. it's like me selling you fake land to mine gold during the california gold rush of the 1800's
Now i have envisioned a future with by the use of augmented reality we could have successful products like nfts. .right now its ridiculous. .the metaverse is ridiculous essential floating cartoon characters and we calling that the new greatest threshold of our technology and reality.
No it's just floating cartoon characters that's it, lol So what's happening with nfts well typically the nft creators are washtrading their own property to drive up the price. The security issues are endless. these jpegs.. even saying that.. Sounds stupid.
these jpegs often times are hosted on centralized servers.. This is a regulatory nightmare. it's a scam free for all. People on hive always talking about far right wing free markets.. which tells me all i need to know about the people on hive.
However when justin sun used free markets over on steem they screamed bloody mary then they wanted courts and regulation they wanted to sue justin sun to take him to court. they wanted all the regulatory help they could get.
whenever it's going their way to scam people and run pyramid schemes on people. they fine but as soon as it doesn't go their way then they want help this is alot of crypto right now. not just the hive people..
when i created bitcoin myk what was the basis of it? that anybody could put the energy into it and produce a token that represented it. without spending a dime.. anybody could rise to the same set of circumstances as any whale who would attempt to centralize the network.. you can't even deposit onto bitcoin myk network. you have to mine it and mint your tokens through activity. So not only do people have that ability all bitcoin holders get it free whenever they have a rise in their bitcoin balance.. for example say they have 1 bitcoin.. and their balance changes to 1.5 bitcoin. at any time they can mint more bitcoin myk
now why would i do that? to take out any exploitation of the network. in my mind only bitcoin should exist..so bitcoin myk can only exist as a companion to bitcoin not a replacement as a network to take the load off bitcoin and buying it is optional you can earn as much putting energy into the network and activity.
crypto is exploited because people are ignorant. that's not an insult that's a word that means people are unaware and don't know @themarkymark brought this abomination to the hive ecosystem.. these jpegs.. now do i think marky mark meant ill will.. i'm not sure.. i don't think he did but at the same time from conversations with him he seems to embrace ignorance and as he's one of the biggest benefactors on hive he's probably as well oblivous and unconcerned about the protection and safety of the hive ecosystem otherwise i can't in good conscience say he would have brought that crap here.. because a thinking person would have thought about all this.
a thinking person understands what a unregistered security is.. what the howey test is if they are doing things for the best interest of the community. but in this free market ideology which is code word for do whatever it takes to make money even if it means hurting or kiling or poisoning people.. that's their free pass
So folks some of you all read my threads some of you secretly agree some of you scared to rock the boat for fear of losing your $2 upvote.. so let me be clear and say this.
You don't have to do anything to rock the boat.. The things i'm telling you all are going to happen regardless to this chain to this space. these changes will come willingly or unwillingly and whether you're a victim of some scam project or a victim of these nfts and defi systems and aren't educated on the markets and crypto and teh economy in general. .won't matter because this is something that i don't want ot happen but will likely happen and you all will be enlightened to many things you all don't know right now.. so learn all you can.. if you not sure look it up and ask questions and test people. i see you all asking marky mark questions every week on his blog.. but marky ,mark don't know much, lol. thats the problem, lol.
RE: Time Ticking On OpenSea And NFT Marketplaces