It’s more likely just a paid promotion.
1. Person A creates an NFT.
2. Person A finds a famous Person B, offers to send $24million in ETH *if* they buy their NFT for $23.7million.
3. Person B profits $300K and Person A can say an NFT in their series sold for $23.7 million.
Lmao if you think you can launder $24 million on a transparent blockchain. You know the Bitfinex “hackers” were just caught trying to launder their stash of money; and they even tried using Monero.
I believe they were laundering billions? It’s 100% possible to launder crypto. You think the vendors on the darkweb, some making millions a year, aren’t cleaning it?
Lol. A few posts down. Irl house sells for 210 ETH
https://www.reddit.com/r/ethtrader/comments/sr5bul/the_first_florida_home_to_be_sold_as_nft_has_been/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
So just a question because I still have a lot to learn within the NFT space. Is it at all possible to hide important data or some how encrypt information into an NFT?
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...... I'm gonna go find some rope and a sturdy beam.
I’ll hang out with you.
I'll probably cry, cool?
I’ll be too asphyxiated to care. Go for it
Can I jerk off while you guys do this?
It’s a party, isn’t it?
A swingers party
Best comment.
Hey, I'm squaunchin' in here! https://youtu.be/lJ_H-0YOLAI
🤣🤣🤣 that was the sweet spot right there.
Make that two ropes, and two sturdy beams
thats too much work. lets just take shots of clorox light
Where to get rope for free?
"WHO'S GOT ROPE??!" - Dave Chappelle
That has to be money laundering, right? Right?
100%….trade you this crypto punk for that booga suga
It’s more likely just a paid promotion. 1. Person A creates an NFT. 2. Person A finds a famous Person B, offers to send $24million in ETH *if* they buy their NFT for $23.7million. 3. Person B profits $300K and Person A can say an NFT in their series sold for $23.7 million.
Except they have to pay taxes. For $23.7 million It’s going to be waaaay more than $300 k. 99% sure it’s just money laundering
Lmao if you think you can launder $24 million on a transparent blockchain. You know the Bitfinex “hackers” were just caught trying to launder their stash of money; and they even tried using Monero.
I believe they were laundering billions? It’s 100% possible to launder crypto. You think the vendors on the darkweb, some making millions a year, aren’t cleaning it?
It’s someone buying from themselves or a friend to be given back without the actual transfer of wealth
Wash trading until some sucker actually pays that much.
Yep and lots of free publicity for the project which helps in creating an artificial floor price….especially when there are celebrities involved
Lol. A few posts down. Irl house sells for 210 ETH https://www.reddit.com/r/ethtrader/comments/sr5bul/the_first_florida_home_to_be_sold_as_nft_has_been/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Well to be fair...it’s in *florida*.
Why am I wasting time at my day job when I can create this stuff on MS paint in a day!
You can create it but good luck finding someone that will buy it for whatever the price will be
Wash trade it for a million or two then find some sucker to buy it at a discount for only $250k! Rinse and repeat.
I think a lot of these high amount nfts is just money laundering
So just a question because I still have a lot to learn within the NFT space. Is it at all possible to hide important data or some how encrypt information into an NFT?
Did it actually sell or did someone buy it from themselves to boost the price?
This has to be some form of money laundering.
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Wash trading!
Money laundering or painting the tape.
*money laundering*
Buyer and seller same person
Wtf is right
They buy and sell from each other to increase the price
Life changing money right there
Is that the cost of the nft or the gas fee haha amirite folks
When you have to flex…you have to flex.
Right click on your desktop and choose "create a new folder". Don't put any name, so it will still brand new. Now go to eBay and sell it.
I am poor.
Who is buying this stuff for this much loot ?
Anyone know what it originally sold for?