I’m looking for any Bitcoin as the last resort. I could go on about the unfortunate events all night. I’m in the tightest spot I’ve ever been in. Any help would be appreciated. I’m not asking to be made rich, I just really want to squeeze through these few months until I can get back to work. Picked up a job that barely pay but it’s better than no income just until I’m called back to full time.
14PLbNjjzLVBgVhztoN8fRCaBgqDRzHnPD
Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.
After the DeFi hype we’ve witnessed last year, the next hype in crypto that seems to be developing are NFT’s. In this case it isn’t about riding the hype. Tickets being NFT’s on the blockchain really makes sense and it will change ticketing as we know it. Let me explain…
So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.
getNFTs are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.
Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:
As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.
P2P ticket trading
NFT’s will allow P2P ticket trading and GET’s almost done building it! Peer to peer ticket trading means that everyone who owns a getNFT ticket will be able to trade it with another “peer”. This will happen in a closed and regulated ecosystem. This means that certain rules can be set by the event organizer. For example:
This will be the first and only ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better.
Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.
The advantage for GET holders is twofold:
Event financing
Without a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.
Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, … upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!
The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground.
In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.
Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).
This is how it will work:
If the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:
1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)
2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.
3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ from
The advantage event financing for GET token holders will bring is again twofold:
For a deeper insight I recommend the blog below:
https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5
The first decentrally financed event is expected to take place in the first half of 2021.
Over 60.000 getFT's will be minted on BSC this month (those are tickets that have been sold through GET but haven't been scanned yet).
I love you. Is that a choice? If you’re raised by an abusive parent do you have an inherently better understanding of what it means to love your enemy? I know that you build love, I know that you give love, and I know that you can lose love. I don’t know if it’s a choice. Which makes it interesting as an imperative.
_
scene: there is a human floating upright in a faintly-glowing glass tube that lights little except the immediately surrounding stone floor, darkness overhead and below broken by a horizon of nearly continuous windows that look out onto slightly less darkness as disembodied voices can be heard:
C: Wyrmtongue? Oh, Wyrmtongue!
MS: Who would put words into the mouth of lies?
C: Interloper!
MS: Such vanity is certain to yield divinings yet. You’re a fool to begin your tale at the end.
A: a cloaked figure of disguised height and shape, enters from the darkness below stage left: You see dear reader, the narrator begins before recursively self-referencing, we are standing at the far end of many universes.
MS: So many.
C: All of them.
A: That, points at least dark area of only barely not-dark windows, is everything else.
There is a cacophony
A: In there, somewhere, is a device. It holds that impossible mass together, despite exerting little force on the mass around it. Casually causally relating all remaining realities...
cacophony
A: Imagine a box.
_
Imperatives are themselves a funny idea. A statment predicated on the assumption that its audience has the capability to effect change. We need a transparent articles of incorporation. Finally we arrive at the crux of the matter: truths that challenge reality (and the cognitive dissonance therefore caused in the collective conscious). Sometimes universes fail. Yes, time travel feels mostly like being untethered- when you’re doing it right. The collective consciousness murders the messenger by necessity- any claimaint to godhood must have that godhood tested. A flag has no more control over what it stands for than it does when it falls. I only bring this up to remind you that it is all one thing, it is to show you that a good follower knows a good leader is a good follower who knew a good leader, that I adopt anonymity. Though I do apologize for flouting the forefounders who’ve thought my thoughts before me- I do not believe there is a truth monopoly.
_
A: As I imagine this one is an actual box, I like to imagine it ornately- this will be more amusing later. This box is a perfect cube in space that, when activated, dilates local space-time to produce an alternate timeline that closes on itself one Planck time after that same activation. In this closed temporary alternate timeline each observer is presented with the same experience. There is a reception area, a lobby, an index with an overly helpful and somewhat flippant representative intelligence that answers queries like, “How did I get here?” With statements like, “Time travel. Though I suppose, if that were true, this answer would be very unhelpful to you. Of course, you’d be a fool to time travel and ask a question about causality, and who can help that sort?” The wise do not answer these questions.
_
The naked man fears no pickpocket. As we have discussed there is very little stopping any would-be movement from metastizing in the mind-ocean petri dish upon which we surf except strong first principles. We live in an age where creating turing complete systems within computer generated environments is becoming entry-level artistic statement about our ability to distinguish the five percent of the universe we understand from a simulation of the same. Perhaps philosophers of the past would have been better served to explore nihilistic communication. Any future functioning system of cooperation (Bitcoin, the obviously un-game-able Wall St, and/or constitutional documents) must include mechanisms to force rational decision-making from even disingenuous actors. Formulae that can be pointed to as definition and processes independent and able to prevent dysfunction, some disfigured offspring of Erskine May and the Uniform Code of Military Justice digitally imagined by a particularly autistic math professor with the help of Theodore Roosevelt. The individual made as irrelevant to the institution as is possible.
_
MS: We were victorious in the stone age! There were only a few humans but none possessed a remainder of the Truth! The ages of hedon were spectacular, glorious, indulgent, and too short-lived. We found ourselves watching a countdown only a few million human generations long and fought back. True heroes of the aeons. More humans toiled on our final project in those final days than have yet lived-
A: Not that one.
MS: They joined us in their relative stone age. It turns out that half an obelisk still tells the time and those over-useful apes actually managed to cross planes. It took another few generations after unification but-
A: Unification?
MS: When all human impetus becomes discrete the collective mind becomes supremely vulnerable to the discreet.
A: Further inside the box one finds an endless array of exhibits laid out so that one can never see more than three at once and in architecture that makes sense out of each visitor’s expectations. In a universe where a demotic discourse is easily understood millennia later, where the box is not, a traveler succeeds and a holocaust is halted. In that world without anime, there is a child of the war with eyes too big and almost no nose. The child goes down in history, briefly. Too many superpowers emerge from the now abbreviated “Last War,” there is more war. There is no more history. In a neighboring reality, where the box is not, the truth has always been a carefully whispered secret and this late game success bears a twisted fruit.
MS: Apes and their fruit. The flesh of it was red. This throttled tongue is useless, dear reader, for I love you too.
A: He lied.
MS: I love the marvelous things you can do! Like find me from across the universe. There is a greedy option our narrator cannot see and I am the mellifluous outcome of myriad realities.
A: Certain experiments-
MS: Your scientists find the very seams in reality, that your “kind” narrator intends not to exculpate-
A: He bellows with false emotion.
MS: And they come to this very place!
A: The next exhibit, the narrator says unsteadily, takes place in a universe where fortune smiles on events: it runs very nearly parallel to our own even though it lacks our imagined box. Human history is a little bit brighter and shy a few important poems. Which remained mostly an obscure lamentation, until the age of AI and Big Brother. Hister’s fate is uncertain only because this box is the Trump Time Travel Tragedy Tutoriam. Dear reader, the exhibits truly are un-numbered and demonstrate just one rhyme: there exists crux in time such that from Hitler to Trump there is a line. A million heroes have traveled, passed the tutoriam, and holocaust still upon history entwines.
C: There are many machinations needed to avoid your true fate.
A: I probably should not have brought you here. For my own sake. Already I fear I’ve overlapped too much between here and there- I nearly forgot. Your own homeostatic qualities make you a tiny sovereignty of your own and sovereign mass yields heat death! I brought you here to put our position into scope. I hope one day we’ll know each other’s names and the shape of the doughnut outside these windows.
This institution is by nature gossamer and these missives just as difficult to weave, and I wanted to wait for this set to be complete, but I don't have much control over how this goes. The complete set argues that the spectacle is not entirely inorganic- which is why we meet in this dessert. I wanted to bake a cake.
I’ve seen people lose their Bitcoin in every way imaginable, and I want to help you avoid the most common mistakes. Are you thinking long-term? Will your storage medium last 10 years? Will your family be able to access it in the event of your death? Have you considered that the same events that will cause Bitcoin to go up in value may cause you to lose control of it?
In 2019, a hardware wallet is unquestionably the best way to store Bitcoin. There are three good options: Trezor, Ledger, and KeepKey. I prefer the Trezor, but pick any of them, then write down your seed on paper, and put that paper in a safe.
Most of you are not using a hardware wallet. You keep Bitcoin with an exchange like Coinbase, or an app running on your phone or desktop. But these come with major risks:
Bitcoin is an extremely risky investment. If Bitcoin goes up tenfold or a hundredfold, what will come down? It could be the dollar’s value. It could be the banking sector. It could be the entire global economic regime. We have no idea how governments will react: will they try to ban Bitcoin, confiscate it, or embrace it? If you are relying on someone else to keep your Bitcoin safe, will they survive that change?
When you buy cryptocurrencies, you are betting that our economy will experience a dramatic shift to digital money. We have no idea which businesses or apps will survive that shift or how long it will take. Imagine if you had to pick just one company to bet on the future of the Internet during the dot com boom. Are you smart enough to pick Amazon.com rather than AOL or Pets.com? The only thing that you can trust to survive almost any economic upheaval is a backup stored on paper (or even better, metal) under your control.
Most people who decided to keep their Bitcoin in an app came to regret it. Bitcoin Core took a few hours to sync in 2013 but now can take weeks -if your Internet is fast enough. Multibit was a great wallet in 2015 but now doesn’t work on many computers. Many people who you got Bitcoin in 2010 forgot the password they used by 2019. Modern computers are notoriously insecure. Key loggers and remote access trojans can record your keystrokes and copy all your files. At one point in the lifetime of Windows XP, it only took a few minutes for the average computer to become infected once exposed to the Internet. Operating systems today are much more secure but are you willing to bet that someone won’t find a catastrophic Windows zero-day exploit when the Bitcoin market cap is $1 trillion?
Did you know that DVDR’s can fail in as little as five years? Flash drives might fail after 10 years – we really have no idea how stable flash memory is over the long term. Hard drives last 3-5 years when used, and we don’t really know how long they last in storage, but the oils will dry up and the motor bearings will eventually fail. Archival grade gold DVDR’s are supposed to last 100 years, but will you still have access to a DVD reader in 2030? In short, we have no idea which digital storage mediums are safe for the long term, so all your Bitcoin wallet backups might get corrupted.
Paper wallets and brain wallets were good for their time, but I know many people who misplaced their paper wallet or forgot the exact phrase they used for their brain wallet. Some people who used a paper wallet found out that it could only be decrypted using the exact browser used to make it. Paper wallets and brain wallets also compromise your privacy by forcing you to keep all your Bitcoin in a single address.
Trezor and Ledger now both support many coins and hundreds of tokens, so you have no excuse not to use them for your entire portfolio. Both Shapeshift and Exodus now work with hardware wallets to let you visualize and manage your entire portfolio.
Hardware wallets today use a BIP-39 mnemonic code for generating deterministic keys. A BIP-39 seed phrase is a list of words (usually 24 for a hardware wallet) which generates an infinite number of addresses.
BIP39 codes are supported by many different coins besides Bitcoin. While something better than BIP39 may come along, it’s very likely that as long as Bitcoin is around, there will be some implementation of the BIP39 algorithm to restore your wallet. You’ll be able to get your Bitcoin back even if the company that made your hardware wallet is long gone.
You can generate the seed completely offline and without using a computer – just plug in your hardware wallet directly to a power source. Instead of paper, use a Billfodl or CryptoSteel to keep your recovery words protected against fire or flood.
Because they are universal, a BIP-39 seed is also the best way to secure your legacy for your family, so consider adding instructions to locate your recovery seed in your will.
If you are concerned about the security of your seed words, you can cut the list of 24 words in half and keep them in two places.
Never type your seed directly into your computer — even just to print it on paper because your handwriting is bad. Remember that hardware wallets will never ask you to type your seed directly into your computer. When restoring your seed, they all use some kind of indirect entry method (such as entering the words out of order) to protect against keyloggers.
So, what’s your excuse for not using a hardware wallet for your Bitcoin?
COVID-19 is one of the most deadly diseases to hit the human population in decades, because of a simple natural mechanism - virulence.
It is an awful event, that has cost millions of lives and destroyed many millions more through debilitating disease. This is a damn tragedy that will shape us all for many decades to come.
We must all learn from this event. We must try to bring some good things out of it, including an appreciation of community and togetherness. All that death and suffering must not be in vain.
Luckily, the very bad and rapid spread of COVID-19 can teach us how to rapidly spread a good thing like Nano too. Nano can be one good thing to come out of all this awful, awful mess.
I recently worked with an Epidemiologist / Mathematician friend and I saw great parallels between the spread of COVID and the spread of Bitcoin. We can learn these lessons in spreading Nano.
Here's a BBC excerpt:
"The R number is a way of rating coronavirus or any disease's ability to spread. R is the number of people that one infected person will pass on a virus to, on average. Measles has an R number of 15 in populations without immunity.
That means, on average, one person will spread measles to 15 others. Coronavirus - known officially as Sars-CoV-2 - would have a reproduction number of about three if no action was taken to stop it spreading."
The goal here is to create a number of summarised activities that when put together will exponentially grow Nano's usage. Once I have feedback on these activities from the community in the comments, I will create a short summary of these tasks as recommendations. This is a long post, too much for most people, but I would urge you to spend a little time reading it - and providing your thoughts. The r/NanoTrade meme's are more fun, but this may be worth it for you financially, if it works out.
We want to be wealthy.
We know Nano is fair money. Many monetary systems have failed huge numbers of people of all classes, all around the world, who have not seen any material gain from their efforts for decades. Economists know this and they don't have an answer. Everything has gone up in price: housing, food, energy. While wages have stagnated and savings interest rates are a joke.
It's a slow bleed of our value. Globalisation compounds this, where inflation is exported around the globe and wage inequality creates situations like Venezuela. People in rich countries send their surplus fabricated paper dollar bills to poor countries and they send back tractors and clothing.
In a time where productivity, efficiency and automation has also gone up incredibly prices should be level or even coming down. Everyone instinctively knows something is not right. It comes down to fiscal policies that have been flawed since Roman times and down to one word: Debasement.
One dollar in 1980 would now be worth $3.40 when adjusted for inflation. People don't mind inflation, because it makes them feel rich. The house you own is now 3.4 times the price it was in 1980, congratulations.
Except each brick in your house has not got 3.4x bigger and there aren't 3.4 times as many bricks. It's just that the same bricks just cost 3.4x as much because there are 3.4x the number of dollars in the economy! The bricks of the next house you buy will also cost 3.4x as much. Just ask people trying to buy in to this inflated market what 3.4x inflation feels like.
But what about wages you say, surely we all have made more money because we have been more productive? Well, some credible sources say that wages have completely stagnated (https://www.epi.org/publication/charting-wage-stagnation/) and the extra productivity value and wealth generated has probably gone to the 1%. The facts seem to bear this out.
I would argue Nano's value has not changed in five years, 1 Nano = 1 Nano. But the dollar has dropped in value against Nano as people move more value into Nano, because its a better place to hold your value.
A $1 can of coke 1 year ago cost roughly 1 nano, now you could buy 5 x 1$ cans of coke with 1 Nano and that trend will probably continue.
Debasement has cost us all dear. There are various reasons for it, with many clever ways of masking it like fractional reserve banking, lending and quantitative easing. Nano, like Bitcoin is a retort to that fiscal policy of stealing from everyone and giving to a few.
Nano is here to fix that problem and give us all access to fair value. Nano is needed to get us to a better financial future and start to redress that fundamental fiscal inequality, it's not a total answer, but it's a good start (and don't expect the people who operate and understand this to roll over by the way).
We currently don't know Nano's R value is (the rate it spreads person to person), although it could probably be calculated or inferred by looking at the active wallet adoption over time. The higher it is the better. I would estimate it to be just over 1 and increasing. The growth of this sub, if the accounts are all genuine, is a great indicator.
If we can get the R value up to 2 or above for Nano consistently, that means if everyone in this sub, all 75.5k members spread Nano to 2 people in the next week and those 2 people spread Nano to another 2 people each within a week and so on, within 17 weeks Nano would be in the hands of 9,895,860,500 people. Nine point eight nine BILLION people. There's not even that many people on the planet! (perhaps we can get some reddit bots to open accounts to take up the surplus ;) ).
Such is the power of exponential numbers.
We have already seen with WeNano spots that Nano can spread very quickly and has no barrier to adoption like BTC did in the early phases (when many huge businesses dropped BTC because of fees). IMO there are only a few inflection points that will tip Nano to become a global currency. There are many arguments made for that to happen, but I wont make them here.
Nano, as we have seen with this sub, can 'infect ' people with enthusiasm for it. In fact Nano can often generate too much enthusiasm! :D which then leads to the rejection and even the failure to consider the innovation or the growing decentralisation by crypto people who 'think they know the flaws in Nano' (spoiler: they usually don't).
If the Nano community can understand what helps it spread and how to spot immunity to it, then we can all understand where our efforts are best focussed, leading to the exponential growth of the protocol. In the same way that performing certain activities with COVID will accelerate or slow the disease spread, performing certain activities with Nano can do the same. nano's R value will massively benefit from not arguing with BTC maximalists on reddit, but spend the time explaining and sending Nano to that good friend you haven't spoken to in 3 years instead.
Summary: We could influence the Nano's R value by designing the experience that people have when they encounter it, meaning they are more likely to spread it. This effect could make Nano explode in usage and popularity.
There are many theories behind how viruses spread, but my favourite one is that CODIV-19 is a Small World Graph that respects a Power Law (https://www.zdnet.com/article/graph-theory-suggests-covid-19-might-be-a-small-world-after-all/).
What this means : it operates in the basis of clusters and outliers that connect to other clusters. The immunity of my cluster may be high and my ability to infect many people may be low, which means the virus will die out in my cluster (e.g. nano in r/cc). The R value in my already immune and heavily censored community would be VERY low, so the transmissibility of the Nano protocol is low.
But when I travel to a place where there is no immunity like r/arduino, I become a super-spreader. The R value there is high because there is no immunity. Someone moves to another cluster from that cluster I just visited with the same enthusiasm and approach and the process repeats like hot ash in a wildfire, floating to touch new ground and start new fires. But even there, people may be immune to 'crypto' as they see it as a scam or for drug barons or just a dumb way to lose money.
I think we could confidently now say that some (most?) of the existing cryptocurrency community has become 'immune' to nano, in that they have either heard of it and dismiss it (they are maximalist immune), they actively attack it (because they are supporting a competing currency), or they love it and are here on this sub (they are infected :) ).
Summary: if we focus on spreading Nano to new, fresh communities, they will not be immune to it, it will spread more rapidly and gain exponential adoption.
We have the perfect tool too. WeNano. More on that at the end.
Think of all of the cryptocurrencies currently in existence as competing virus strains. You can probably classify them with the following elements:
- Credibility
- Profitability
- Enthusiasm
- Principles/ideology
- Usage
I have split the headings here into rationale and tasks that I think would help to create a viral effect.
Credibility:
The genius move from the Bitcoin community was to call everything else 'shitcoins', with a religious like zeal. That would be similar to the inventors of CYCLADES an early network packet switching community calling all other protocols "shitocols" and shouting down any further development, which would have meant we would never have had TCP/IP and no internet.
But what the shitcoin meme did, was build a herd immunity to other similar systems, forks, rip off's etc. They destroyed the credibility of every other cryptocurrency before it had even been thought of. It is still a very effective strategy.
That is the privvy of the first dominant strain. It can do this becasue there was no competition, it could infect everyone with the ideology that there is only one solution to this problem.
Nano's credibility will become stronger over time. it is 5 years younger than BTC and has still got to 'prove itself' even through it is doing millions of transactions a day and has a better decentralisation metric already. :/ BTW: Yahoo was around much earlier than Google.
Task 1: Don't compare Nano to Bitcoin or even mention it. Prove Nano is credible on its own by telling people that the tech is spread all over the world, it has never gone down in 5 years and is already processing millions of transactions per day already on a network that could be powered by a single wind turbine.
Profitablilty:
Profit in Nano is indirect. you can prove this to someone by saying that the value of nano will stay the same because there will never be any more of it in the universe, but the price of everything else will collapse against it eventually.
The $ value of nano has gone up because the value of the dollar is collapsing against it, not because Nano is doing some funky magic DeFI metric to calculate some gnarly staking return. Nope, Nano doesn't need to do much to get a better dollar price, it just has to wait, as history has already proven that is a good strategy, just ask your estate agent.
Task 2: Prove Nano is profitable by explaining it is a fixed asset (or 'hard money' if people are that savvy). Comparing it to other fixed value assets that have gone up in price over time like silver and gold. But explain unlike silver and gold you can hold it in your pocket and spend it like cash. As it goes up in value you can buy nicer things without having to do anything, you can literally see your profits as physical things in front of you. If you don't want to lose out, just replenish the value you spend as soon as you like.
Enthusiasm:
People love using Nano. I love sending it to people. I love the instant nature of it and the fact that people go, "OH, whats this thing, will it make me rich?". Maybe :D Enthusiasm is infectious and if people can see you are genuinely enthusiastic about the future of nano then they will feel bullish on some level about it too.
But a warning. People hate know-it-all's or people who bore them with evangelism. There are plenty of criticisms that can be levelled at Nano, some of them genuine and very credible. I personally don't like people who blindly believe something is foolproof. Nothing is infallible. Nano could still fail. But the realism of the risks do not deter me from what I know about a fantastic technology that has a chance to change the way the world works for everyone.
Task 3: Be very enthusiastic, but be very humble too. Explain why you have invested time and effort in learning about Nano, then stop. This will avoid people 'switching off' when you are being enthusiastic. It's also better to tell people that you have 'discovered' something and they should educate themselves because you genuinely think this is going to change a lot. Better than having them moan at you because they sold their house to invest in Nano in a bear market.
Principles/Ideology:
The ideology is very very strong for Nano and personally the thing that I think will win over BTC maximalists in the end. The fairness principles are also very strong. A lot of crypto is sold on the better way of doing things, with out providing a better way to do things. The principles are easily undermined when someone comes along with a billion dollars, or a company that can exploit the market volatility like exchanges do.
There are very few principled coins in existence. I won't list them because that's not the point of this section. It just is good to remember that Nano is strong in both areas and this may attract many communities that otherwise would dismiss Nano.
The biggest feature is the distribution. It was not sold for profit early on, it was given away on the principle that the value would come from it's usage alone. This is a very egalitarian ideal and chimes with many groups that have similar ideologies of fairness and fair money.
Task 4: Explain Nano is fair money, it was distributed fairly and has no fees. Meaning anyone in the world can use any amount of it, without penalty. Explain that it will always be like this for Nano as that is a founding principle. Explain that the community is very generous and often gives Nano to people for nothing to help them try it out.
Usage:
This is the killer app. The usage of Nano is amazing. But you can't use it in many places YET. Many other cryptocurrencies are being used around the globe, with usage rising in Asia amongst token models that are supporting services and economies. But all these apps and services are usually being used to prop up a fiat currency model that doesn't address the key problems of debasement. There are questionable long term issues for these systems too, as they have not fully explored their economic models.
The UX of Nano is so amazing that it will win out over many other cryptocurrencies. It is already being used hugely and this will become apparent when users of Nano start outstripping the users of Crypto as a whole. I'm pretty confident they will.
Demo, demo, demo. Demonstrate use cases, wherever you can. Use the existing things that people in the community create, support nano efforts to adopt by spending and replacing on that item or service. The more usage there is, the more services there will be.
Task 5: Get people outside your group of friends or family to demo Nano to someone outside their friends or family. Help them Use WeNano to set up spots every week if you can afford it, in places you have tenuous links to. Reward them for setting up spots by donating to those spots. It could be some poor areas you grew up in, a local coffee shop in your home town, a great music venue, a local hackspace.
As an icebreaker, ask someone you know outside your immediate group of friends " where would be good to set up a WeNano spot and give away some crypto? ", when they ask "what is WeNano?" then BAM fire off your script. Try and get them to do the same. The idea is you want them to get enthusiastic and demo it to someone else.
Say: if you get three new people they know to send you 0.001 Nano each then you will give them 0.1 Nano as a bonus.
Thanks for reading this far, hope it was worth it and please comment and the tasks :)
--------
TLDR:
"if we understand why cryptocurrencies spread, we can design Nanocurrency to spread like wildfire"
- Task 1: Build credibility in new places and avoid being drawn into 'crypto' people debates. Explain to new people it has never gone down in 5 years and is already processing millions of transactions per day already on a network that could be powered by a single wind turbine.
- Task 2: Explain if it goes up in value you can buy nicer things without having to do anything to help it go up, you can literally see your profits as physical things in front of you, because Nano is usable for payments.
- Task 3: Be very enthusiastic, but be very humble too. It's also better to tell people that you are lucky to have 'discovered' Nano and they should educate themselves.
- Task 4: Explain Nano is fair money, it was distributed fairly. Explain that the community is very generous and often gives Nano to people for nothing to help them try it out.
- Task 5: DEMO Time! GOAL, do such a good job that people outside your group of friends or family will demo Nano to someone outside their friends or family. Say: if you get three new people they know to send you 0.001 Nano each then you will give them 0.1 Nano as a bonus.
I had a lucid dream today, I work up and was in the year 2035. Everything seemed normal, the weather was the same and people acted like they were now. However cars were a little different... some had no drivers and seemed to be fully electric. Another unusual thing was there was no more pandemic of covid. Obviously as I wanted to make sure this was real and not fake, I went on my computer and researched to find some of the events that would be happening more recent to 2021.
I know you won't believe me, but only time will tell if these predictions I have made were correct. Some of the things I found out during my "vision" was:
The price of Bitcoin would exceed 500k at the end of 2022
The first humans on Mars will happen at June 2027
PSG wins the UEFA Champions League in 2021, Barcelona is knocked out in the Semi Finals
If I’m not mistaken, MSTR owns around $4.6B of Bitcoin, but it’s market cap is only around $7B.
What’s up with that?
(I know they own more than 90,000 BTC right now, but it might be 90,500 or event as high as 91,000).
Don’t most companies trade at higher multiples of their book values?
Also, MSTR’s price to book is 13 on Yahoo finance. I don’t think that’s accurate, given how much bitcoin they own, even if some of that bitcoin was bought with debt.
I’m pretty sure their price to book is actually in the single digits, and probably in the low single digits, like maybe around 2 or 3.
Can someone help me with the Math here on this?
I should start by 100% saying this is in no way financial advice.
I've just noticed that coinbase is offering loans based on your Bitcoin holdings. I had been meaning to invest more into gme, but was hesitant to remove any of my other investments, due to creating a taxable event. I noticed today, that Coinbase is offering loans against your Bitcoin holdings, which will allow me to withdraw money and pay it back without removing my bitcoin, thus avoiding a taxable event. I understand many people's views on cryptocurrency, but being invested for a while, this past year has helped me realize some relatively large gains. This means that in my personal situation, taking a loan out against it, is not a large measurable risk, and would allow me to, in the short term, invest in other things I believe in with an 8% fee, instead of a 20 to 30% tax. So hold strong apes, because in 3 to 5 days, I will have some reinforcements here.
Once again, I completely understand people's views on coinbase, cryptocurrency, and Bitcoin specifically vary wildly, but I see having a market where you can borrow from your investment as an option, to be a very positive thing in this situation. This avoids me having to dip into my 401k, or my crypto investment.
Hey,
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Feel free to ask me any questions!
Current Coins: Bitcoin Cash, Bitcoin Sv, Bitcoin, Bittorrent, Dash, Digibyte, Dogecoin, Ethereum Classic, Ethereum, Komodo, Litecoin, Piratecash, Pivx, Reddcoin, Ravencoin, Syscoin, Tron, Verge, Zcash, Horizen
Here's my referall links throughout to help us both out!
I created my first piece of art aimed directly for NFT distribution. I've been a digital artist living/working in Chicago for the last 15 years. NFTs could certainly be an interesting way for artists to get their work out there and get compensated for the long hours without relying on YouTube or Instagram as the gatekeepers.
In any event, I did want to share my first attempt. I've been a Bitcoin holder since the 2015. Got my first .4 BTC at that time and never sold while adding to my position every year.
As a human and an artist, I am deeply concerned about the FED continuing to print money. Bitcoin is fascinating for all the reasons we all understand; decentralized and its ability to store and transfer wealth. As such, this project, TITLE: HEADS OR FAILS aims to tell that story. As the FED figuratively prints trillions of dollars the coin toss is up - will it land BTC or FIAT.
Side note, I made the quarter with the date 2009 (even though no George Washington Quarter was ever minted in that year.) This is of course the year BTC was born.
Feedback welcome. Thoughts welcome. Dialogue welcome. Bids, of course, welcome.
Thank you.
With IG, professional traders can take a position on the price of bitcoin with financial derivatives like spread bets and CFDs. These products can enable you to take advantage of price movements in either direction without taking ownership of the underlying coins – meaning you won’t need to take responsibility for the security of any bitcoin tokens.
Check whether you’re eligible for a professional account.
To get in on a surging opportunity or short the latest bubble, you first need to understand the factors that have an impact on bitcoin’s price:
Day trading bitcoin means that you’ll open and close a position within one single trading day – so you won’t have any bitcoin market exposure overnight. This means that you’ll avoid overnight funding charges on your position. This strategy could be for you if you’re looking to profit from bitcoin’s short-term price movements, and it can enable you to make the most of daily volatility in bitcoin’s price.
📷
Trend trading means taking a position which matches the current trend. For example, if the market is in a bullish trend, you’d go long and if the trend was bearish you’d go short. If this trend started to slow or reverse, you’d think about closing your position and opening a new one to match the emerging trend.
📷
Hedging bitcoin means mitigating your exposure to risk by taking an opposing position to one you already have open. You’d do this if you were concerned about the market moving against you. For example, if you owned some bitcoins but were concerned about a short-term drop in their value, you could open a short position on bitcoin with CFDs or spread bets. If the market price of bitcoin falls, the gains on your short position would offset some or all of the losses on the coins you own.
📷
The ‘HODL’ bitcoin strategy involves buying and holding bitcoin. Its name derives from a misspelling of ‘hold’ on a popular cryptocurrency forum, and it is now often said to stand for ‘hold on for dear life’. However, this phrase shouldn’t be taken too seriously – you should only buy and hold bitcoin if you’ve got a positive outlook on its long-term price. If your research or trading plan indicates that you should sell your positions to take profit or limit loss, you should – or you could set stop coin to close your positions automatically.
📷
There are a few different ways that you can get exposure to bitcoin:
The advise is for you to beware of fake Bitcoin or cryptocurrency apps and website claiming to be legitimate, if found, report to the appropriate authorities or government agencies.
Hey Harmonauts!
USSHarmony (twitter ussharmony) is doing a Harmonaut swag giveaway to 30 lucky winners. It's 100% free. Including the delivery cost to your door anywhere in the world. This giveaway ends on Sunday, March 7th 2021, 6 PM Bangkok time.
Requirement:
Display name twitter must be .one, no $ sign
Must have at least 50 followers
Tweet this exact video and tell us your $ONE journey
Mention ussharmony in twitter, and put ALL these hastags:
$ONE #Harmonyone #Harmony #ONE #DeFi #harmonyprotocol #Bitcoin
Example:
I got into $ONE because the team has all the technical skill to make Harmony blockchain relevant in crypto industry. Especially after 2 seconds finality launched. @ussharmony $ONE #Harmonyone #Harmony #ONE #DeFi #harmonyprotocol #Bitcoin #Ethereum #cryptocurrency
(video attached in your tweet)
Post your submission tweet before the time I said above. Winners will be randomly picked.
No need to post it here in Reddit, I will know right away through twitter if you have submitted your tweet.
Thank you and good luck Harmonauts!
Disclaimer: this event is community initiative and has 0 affiliation with Harmony Protocol team.
ТВЕРЬ: «ЗАЩИТИМ ПУТИНА!..»
«Мы любим Путина, а остальное – провокация». Так сакрализировался образ власти в сознании жителей Твери. О фейковом величии народа и «плохих боярах в окружении хорошего царя» смотрите документальный сюжет из Твери.
Автор – Михаил Баранов
Патреон: https://www.patreon.com/sotnikTV
Поддержать Sotnik-TV:
SK1375000000004028030154 (SOTNIK TV, Словакия)
Карта: 5475153400734788 (Aleksandr Sotnik) перевод можно сделать даже из Сбербанка через мобильное приложение (в нижнем меню «Платежи» → «За рубеж» → «По номеру карты»)
PayPal – [sotniktvinfo@gmail.com](mailto:sotniktvinfo@gmail.com)
Bitcoin - 3PdyHqZ7hiywP7u8FBDX2NyyLmmdRVp5dn
Mark Cuban Says Dallas Mavericks Are 'Talking About' Blockchain for NBA Ticketing - Decrypt
This is a great endorsemement for ticketing on blockchain. Prior to this Vitalik has endorsed ticketing on blockchain as being great:
https://twitter.com/VitalikButerin/status/1309139288240553986
Now when it comes to ticketing on blockchain, there's only one project to think of: GET protocol.
An introduction:
Website: https://get-protocol.ioArtists who use GET
GET explainer video
Tradeable on: https://uniswap.info/token/0x8a854288a5976036a725879164ca3e91d30c6a1b
In my humble opinion GET protocol is the a very undervalued project when it comes to fundamentals, adoption, tokenomics and potential. Let me explain why:
I think we're all tired of the practices in the ticketing space: bots buy up tickets instantly and then resell them 2x, 5x, 10x or even more the original ticket price. Fans lose, artists lose, venues lose, ... while the money ends up in the pocket of scalpers who don't add any value to the process.
The secondary ticketing market is worth $15 billion. How long will fans have to pay?
GET protocol elminates ticket scalping by linking the ticket to your mobile phone. This means that at entry to a concert, sports game, ... you are only permitted entry with your mobile phone.
They have sold over 600k tickets and not one was "scalped"
An example is famous Dutch artist Jochem Myjer who uses GET protocol integrator GUTS tickets:
https://twitter.com/jochemmyjer/status/1118589335060848641
“Weird how some venues still don’t get how great GUTS is. And are afraid of change. It’s easier for the audience. For artists there is no more reselling. And maaaany other advantages. #GoWithTheTimes”
The ticketing space is one where no one trusts another in terms of how many tickets were issued, what the original price was, ... It has been proven that even Ticketmaster themselves are involved in the scalping business. That's why blockchain is vital in all of this. The tickets are all registered on the blockchain as a mean of transparency and accountability. This means that fans can check ticket authenticity whenever they want and make sure that they aren't being taken for a ride.
Besides scalping it offers many more advantages to integrators:
As stated above, GUTS has sold 600k tickets using GET protocol. In the meanwhile more ticketing companies have started using it:
GUTS
Runs fully on the GET protocol and has sold over 600.000 tickets. Has grown into the biggest ticketeer in the Netherlands.https://guts.tickets
ITIX
Established in 2009 and sells 2 million tickets/year. Is fully integrated in the GET protocol and will start selling GET-fueled tickets soon.https://www.itix.nl
getTicket
A new ticketing company in South Korea that will run fully on the GET protocol. They already have deals with kpop stars to sell tickets for.http://getticket.kr
TecTix
A Germany based ticketing company that will sell GET fueled tickets with a focus on the sports industry.https://tec-tix.com
Wicket
The last to join is an Italian ticketing company. Despite being new they have already ticketed the Milano Wine festival in 2020 and will do so in 2021 as well. In 2019 this festival atracted more than 300.000 visitors.https://www.wicketevents.com
Integrating an existing ticketing company is a low investment move (only the GET token is needed) that offers traditional ticketing companies several benefits. With the whitelabel that has just been released, which makes it easy for any ticketing company to start using GET, I expect many ticketing companies to integrate and GET to scale quickly.
Here are the requests they had received by end of 2019:
The GET tokenomics are built so that for every ticket issued 0,28€ (or 0,34$) worth of GET is needed by the ticketeers. They buy most of this from exchanges and a minority they get subsidized from the User Grotwh Fund. In 2020 around 70% was bought directly from exchanges.
In 2020 ticketing volume in general was down like 90–99% due to corona. Yet GET managed to sell over 236k tickets. Or an increase of 27% compared to 2019.
This is a major indicator of their usecase being needed: despite covid19 they grew a lot and conquered a lot of marketshare from traditional ticketeers.
Tokenomics to push the price
If GUTS was able to sell 236k tickets in a year where ticketing volume is down at least 90% then I think it’s safe to assume that they’ll sell over 3 million tickets/year once everything is allowed again.
Add the new ticketing companies that integrated GET recently (getticket in Korea, Wicket Events in Italy and Tectix in Germany) and you’ll understand that we’ll be seeing millions of tickets processed by the GET protocol.
I’m willing to bet that we’ll see at least 5 million tickets in 2022:
5 million \ 0,28 * 0,7 = €980.000 in buybacks or around 1,2 million $*
You can imagine what buybacks of 100k $ each month will do to such a smallcap, especialy considering that all this bought GET is burned after usage.
If the price would remain stable we’d see 5 million GET burned, or 25% of the entire supply (SF of 13 million will be burned soon anyway as it isn’t used so I don’t consider that as supply).
Of course the price will not remain stable as with such an increase in buybacks & burns, GET will be recognised as truely deflationary through real world usage.
As of this month all tickets issued by the GET protocol will become NFT’s
Over 120.000 sold tickets (that haven’t ben scanned yet for the event) are being minted as NFT’s right now. This means that tickets, after scanning can become collectables. But so much more:
Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.
After the DeFi hype we’ve witnessed last year, the next hype in crypto that seems to be developing are NFT’s. In this case it isn’t about riding the hype. Tickets being NFT’s on the blockchain really makes sense and it will change ticketing as we know it. Let me explain…
So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.
getNFTs are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.
Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:
As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.
P2P ticket tradingNFT’s will allow P2P ticket trading and GET’s almost done building it! Peer to peer ticket trading means that everyone who owns a getNFT ticket will be able to trade it with another “peer”. This will happen in a closed and regulated ecosystem. This means that certain rules can be set by the event organizer. For example:
This will be the first and only ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better.Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.
The advantage for GET holders is twofold:
Event financingWithout a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, … upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!
The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground.In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.
Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).
This is how it will work:
If the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ from
The advantage event financing for GET token holders will bring is again twofold:
For a deeper insight I recommend the blog below:
https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5
The endgoal of the GET protocol is to become open source and decentralised. There will be a governance model where changes to the protocol will be determined by GET token holders. That’s why I expect ticketing companies to acquire a lot of GET in time as their revenue relies on the direction of the protocol.
So Mark Cuban can acquire a share in the GET protocol sipmly by buying the tokens. It would probably be a better strategy than building everything from scratch.
Hey everybody! My name is Andres, and I’m an experienced SEO writer looking for steady work.
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We are looking forward to it, as this is the first forum in the long absence of such events. We will be glad to present our crypto ecosystem, exchange experiences, and have a great time!
See you at the epicenter of the cryptoindustry!
#ownr #blockchain #forum2021 #bitcoin #ownrwallet #crypto
Guys! Hope you're Doing fine,
I just want to take this moment to thank God for Everything!
"got a lot to say by the way but before that, soon will have my birthday event,
Who will gift me with anything ?
After this Would like to start my new business too!
Anything thing is Appreciated!
Here is my bitcoin Address
3KFqTwYvviAAhx4nLFfKBwwGJ4z2dag7vR
I know bitcoin has crashed by this amount in the past and it has entered multi year bear markets before. If this event were to occur would it cause Nexo.io to go bankrupt and all depositors would lose their money as there are no £85k government protections in place.
I am 99% certain BTC will crash at least 60% in the not to distant future and I hope Nexo.io has a large buffer of funds to cover any such eventuality.
CoinFlip told CoinDesk DOGE has become a symbol of the small retail investor.
Fans of the popular canine-themed cryptocurrency dogecoin (DOGE, +1.48%) can now make purchases at 1,800 ATM locations in the U.S.
According to a Tuesday tweet by ATM provider CoinFlip, DOGE can now be purchased with cash across its network, as the company makes the most of DOGE’s surging popularity.
DOGE was launched in 2013 and quickly grew in popularity thanks to its cute Shiba Inu logo and meme-loving community.
More recently, it has been endorsed by big names including Elon Musk, Snoop Dogg and rocker Gene Simmons – with prices soaring as a result. DOGE has also been wrapped up in the recent “meme trading” craze that saw social media groups pump stocks such as GameStop (GME).
“CoinFlip has always been about the small business and retail customers, and with recent events, dogecoin has paradigm-shifted itself into more than just a meme coin, it has become a symbol of the small league investors,” a spokesperson for CoinFlip told CoinDesk via email.
CoinFlip ATMs already offer customers access to Bitcoin (BTC, +3.91%)litecoin (LTC, +11.86%)эфира (ETH, +2.49%)Chainlink (LINK, +5.54%)STELLAR (XLM, +2.08%)Tron (TRX, +2.6%)
The firm’s network has rapidly expanded from around 451 machines in February 2020 to around 1,800 today. The company told CoinDesk it intends to grow that number to over 4,000 by year’s end.
Mark Cuban Says Dallas Mavericks Are 'Talking About' Blockchain for NBA Ticketing - Decrypt
This is a great endorsemement for ticketing on blockchain. Prior to this Vitalik has endorsed ticketing on blockchain as being great:
https://twitter.com/VitalikButerin/status/1309139288240553986
Now when it comes to ticketing on blockchain, there's only one project to think of: GET protocol.
An introduction:
Website: https://get-protocol.ioArtists who use GETGET explainer videoTradeable on: https://uniswap.info/token/0x8a854288a5976036a725879164ca3e91d30c6a1b
In my humble opinion GET protocol is the a very undervalued project when it comes to fundamentals, adoption, tokenomics and potential. Let me explain why:
GET protocol solves an enormous problem: ticket scalping
I think we're all tired of the practices in the ticketing space: bots buy up tickets instantly and then resell them 2x, 5x, 10x or even more the original ticket price. Fans lose, artists lose, venues lose, ... while the money ends up in the pocket of scalpers who don't add any value to the process.
The secondary ticketing market is worth $15 billion. How long will fans have to pay?
GET protocol elminates ticket scalping by linking the ticket to your mobile phone. This means that at entry to a concert, sports game, ... you are only permitted entry with your mobile phone.
They have sold over 600k tickets and not one was "scalped"
An example is famous Dutch artist Jochem Myjer who uses GET protocol integrator GUTS tickets:
https://twitter.com/jochemmyjer/status/1118589335060848641
“Weird how some venues still don’t get how great GUTS is. And are afraid of change. It’s easier for the audience. For artists there is no more reselling. And maaaany other advantages. #GoWithTheTimes”
The ticketing space is one where no one trusts another in terms of how many tickets were issued, what the original price was, ... It has been proven that even Ticketmaster themselves are involved in the scalping business. That's why blockchain is vital in all of this. The tickets are all registered on the blockchain as a mean of transparency and accountability. This means that fans can check ticket authenticity whenever they want and make sure that they aren't being taken for a ride.
Besides scalping it offers many more advantages to integrators:
GET protocol has a lot of adoption
As stated above, GUTS has sold 600k tickets using GET protocol. In the meanwhile more ticketing companies have started using it:
GUTS
Runs fully on the GET protocol and has sold over 600.000 tickets. Has grown into the biggest ticketeer in the Netherlands.https://guts.tickets
ITIX
Established in 2009 and sells 2 million tickets/year. Is fully integrated in the GET protocol and will start selling GET-fueled tickets soon.https://www.itix.nl
getTicket
A new ticketing company in South Korea that will run fully on the GET protocol. They already have deals with kpop stars to sell tickets for.http://getticket.kr
TecTix
A Germany based ticketing company that will sell GET fueled tickets with a focus on the sports industry.https://tec-tix.com
Wicket
The last to join is an Italian ticketing company. Despite being new they have already ticketed the Milano Wine festival in 2020 and will do so in 2021 as well. In 2019 this festival atracted more than 300.000 visitors.https://www.wicketevents.com
Integrating an existing ticketing company is a low investment move (only the GET token is needed) that offers traditional ticketing companies several benefits. With the whitelabel that has just been released, which makes it easy for any ticketing company to start using GET, I expect many ticketing companies to integrate and GET to scale quickly.
Here are the requests they had received by end of 2019:
GET tokenomics
The GET tokenomics are built so that for every ticket issued 0,28€ (or 0,34$) worth of GET is needed by the ticketeers. They buy most of this from exchanges and a minority they get subsidized from the User Grotwh Fund. In 2020 around 70% was bought directly from exchanges.
In 2020 ticketing volume in general was down like 90–99% due to corona. Yet GET managed to sell over 236k tickets. Or an increase of 27% compared to 2019.
This is a major indicator of their usecase being needed: despite covid19 they grew a lot and conquered a lot of marketshare from traditional ticketeers.
Tokenomics to push the price
If GUTS was able to sell 236k tickets in a year where ticketing volume is down at least 90% then I think it’s safe to assume that they’ll sell over 3 million tickets/year once everything is allowed again.
Add the new ticketing companies that integrated GET recently (getticket in Korea, Wicket Events in Italy and Tectix in Germany) and you’ll understand that we’ll be seeing millions of tickets processed by the GET protocol.
I’m willing to bet that we’ll see at least 5 million tickets in 2022:
5 million \ 0,28 * 0,7 = €980.000 in buybacks or around 1,2 million $*
You can imagine what buybacks of 100k $ each month will do to such a smallcap, especialy considering that all this bought GET is burned after usage.
If the price would remain stable we’d see 5 million GET burned, or 25% of the entire supply (SF of 13 million will be burned soon anyway as it isn’t used so I don’t consider that as supply).
Of course the price will not remain stable as with such an increase in buybacks & burns, GET will be recognised as truely deflationary through real world usage.
NFT tickets that will revolutionise ticketing
As of this month all tickets issued by the GET protocol will become NFT’s
Over 120.000 sold tickets (that haven’t ben scanned yet for the event) are being minted as NFT’s right now. This means that tickets, after scanning can become collectables. But so much more:
After the DeFi hype we’ve witnessed last year, the next hype in crypto that seems to be developing are NFT’s. In this case it isn’t about riding the hype. Tickets being NFT’s on the blockchain really makes sense and it will change ticketing as we know it. Let me explain…
So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.
getNFTs are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.
Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:
As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.
P2P ticket tradingNFT’s will allow P2P ticket trading and GET’s almost done building it! Peer to peer ticket trading means that everyone who owns a getNFT ticket will be able to trade it with another “peer”. This will happen in a closed and regulated ecosystem. This means that certain rules can be set by the event organizer. For example:
This will be the first and only ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better.Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.
The advantage for GET holders is twofold:
Event financingWithout a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, … upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!
The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground.In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.
Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).
This is how it will work:
If the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ from
The advantage event financing for GET token holders will bring is again twofold:
For a deeper insight I recommend the blog below:
https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5
The endgoal of the GET protocol is to become open source and decentralised. There will be a governance model where changes to the protocol will be determined by GET token holders. That’s why I expect ticketing companies to acquire a lot of GET in time as their revenue relies on the direction of the protocol.
So Mark Cuban can acquire a share in the GET protocol sipmly by buying the tokens. It would probably be a better strategy than building everything from scratch.
Mark Cuban Says Dallas Mavericks Are 'Talking About' Blockchain for NBA Ticketing - Decrypt
This is a great endorsemement for ticketing on blockchain. Prior to this Vitalik has endorsed ticketing on blockchain as being great:
https://twitter.com/VitalikButerin/status/1309139288240553986
Now when it comes to ticketing on blockchain, there's only one project to think of: GET protocol.
An introduction:
Website: https://get-protocol.io
Artists who use GET
GET explainer video
Tradeable on: https://uniswap.info/token/0x8a854288a5976036a725879164ca3e91d30c6a1b
In my humble opinion GET protocol is the a very undervalued project when it comes to fundamentals, adoption, tokenomics and potential. Let me explain why:
GET protocol solves an enormous problem: ticket scalping
I think we're all tired of the practices in the ticketing space: bots buy up tickets instantly and then resell them 2x, 5x, 10x or even more the original ticket price. Fans lose, artists lose, venues lose, ... while the money ends up in the pocket of scalpers who don't add any value to the process.
The secondary ticketing market is worth $15 billion. How long will fans have to pay?
GET protocol elminates ticket scalping by linking the ticket to your mobile phone. This means that at entry to a concert, sports game, ... you are only permitted entry with your mobile phone.
They have sold over 600k tickets and not one was "scalped"
An example is famous Dutch artist Jochem Myjer who uses GET protocol integrator GUTS tickets:
https://twitter.com/jochemmyjer/status/1118589335060848641
“Weird how some venues still don’t get how great GUTS is. And are afraid of change. It’s easier for the audience. For artists there is no more reselling. And maaaany other advantages. #GoWithTheTimes”
The ticketing space is one where no one trusts another in terms of how many tickets were issued, what the original price was, ... It has been proven that even Ticketmaster themselves are involved in the scalping business. That's why blockchain is vital in all of this. The tickets are all registered on the blockchain as a mean of transparency and accountability. This means that fans can check ticket authenticity whenever they want and make sure that they aren't being taken for a ride.
Besides scalping it offers many more advantages to integrators:
As stated above, GUTS has sold 600k tickets using GET protocol. In the meanwhile more ticketing companies have started using it:
GUTS
Runs fully on the GET protocol and has sold over 600.000 tickets. Has grown into the biggest ticketeer in the Netherlands.
https://guts.tickets
ITIX
Established in 2009 and sells 2 million tickets/year. Is fully integrated in the GET protocol and will start selling GET-fueled tickets soon.
https://www.itix.nl
getTicket
A new ticketing company in South Korea that will run fully on the GET protocol. They already have deals with kpop stars to sell tickets for.
http://getticket.kr
TecTix
A Germany based ticketing company that will sell GET fueled tickets with a focus on the sports industry.
https://tec-tix.com
Wicket
The last to join is an Italian ticketing company. Despite being new they have already ticketed the Milano Wine festival in 2020 and will do so in 2021 as well. In 2019 this festival atracted more than 300.000 visitors.
https://www.wicketevents.com
Integrating an existing ticketing company is a low investment move (only the GET token is needed) that offers traditional ticketing companies several benefits. With the whitelabel that has just been released, which makes it easy for any ticketing company to start using GET, I expect many ticketing companies to integrate and GET to scale quickly.
Here are the requests they had received by end of 2019:
The GET tokenomics are built so that for every ticket issued 0,28€ (or 0,34$) worth of GET is needed by the ticketeers. They buy most of this from exchanges and a minority they get subsidized from the User Grotwh Fund. In 2020 around 70% was bought directly from exchanges.
In 2020 ticketing volume in general was down like 90–99% due to corona. Yet GET managed to sell over 236k tickets. Or an increase of 27% compared to 2019.
This is a major indicator of their usecase being needed: despite covid19 they grew a lot and conquered a lot of marketshare from traditional ticketeers.
Tokenomics to push the price
If GUTS was able to sell 236k tickets in a year where ticketing volume is down at least 90% then I think it’s safe to assume that they’ll sell over 3 million tickets/year once everything is allowed again.
Add the new ticketing companies that integrated GET recently (getticket in Korea, Wicket Events in Italy and Tectix in Germany) and you’ll understand that we’ll be seeing millions of tickets processed by the GET protocol.
I’m willing to bet that we’ll see at least 5 million tickets in 2022:
5 million \ 0,28 * 0,7 = €980.000 in buybacks or around 1,2 million $*
You can imagine what buybacks of 100k $ each month will do to such a smallcap, especialy considering that all this bought GET is burned after usage.
If the price would remain stable we’d see 5 million GET burned, or 25% of the entire supply (SF of 13 million will be burned soon anyway as it isn’t used so I don’t consider that as supply).
Of course the price will not remain stable as with such an increase in buybacks & burns, GET will be recognised as truely deflationary through real world usage.
As of this month all tickets issued by the GET protocol will become NFT’s
Over 120.000 sold tickets (that haven’t ben scanned yet for the event) are being minted as NFT’s on Binance Chain right now . This means that tickets, after scanning can become collectables. But so much more:
Here's my take on why GET protocol's smart and blockchain registered tickets becoming NFT's will revolutionize the ticketing industry.
After the DeFi hype we’ve witnessed last year, the next hype in crypto that seems to be developing are NFT’s. In this case it isn’t about riding the hype. Tickets being NFT’s on the blockchain really makes sense and it will change ticketing as we know it. Let me explain…
So what’s a NFT exactly? NFT stands for non fungible token. This is a token that’s unique on the blockchain and not mutually interchangeable. This in contrast to for example Bitcoin where it doesn’t matter which Bitcoin you have (1 BTC = 1 BTC). Every ticket issued by the GET protocol will become a getNFT.
getNFTs are indivisible, meaning that a getNFT can only be held by 1 address at the same time. This ensures that whoever owns a certain NFT will be the only one to decrypt the QR code.
Eventhough GET’s NFT’s will be the most used, bought & traded NFT’s in the crypto space the goal isn’t to ride the hype. Ticketing + NFT = a match made in heaven. And here’s why:
As every ticket on the blockchain will become a NFT and thus unqiue, it will allow non custodial ownership of the ticket asset. This gives many interesting advantages but 2 stand out for me personally: P2P ticket trading & DeFi event financing.
P2P ticket trading
NFT’s will allow P2P ticket trading and GET’s almost done building it! Peer to peer ticket trading means that everyone who owns a getNFT ticket will be able to trade it with another “peer”. This will happen in a closed and regulated ecosystem. This means that certain rules can be set by the event organizer. For example:
This will be the first and only ticketing system that will allow ticket trading while at the same time making scalping impossible. Regulators have been struggling for a long time to solve this problem and what seemed impossible to achieve will be made possible by smart contracts! The impact of this will be huge and will change the ticketing space for the better.Additionally and not unimportantly it will give the event organizer an extra revenue stream. The money that right now for a large part goes to scalpers (the secondary ticket market is worth $15B) will be tapped into by the event organizers.
The advantage for GET holders is twofold:
Event financing
Without a doubt one of the most promising and exciting things to look forward to in 2021 is the introduction of decentralized event financing to GET Protocol.Event organizers often struggle to get financing for their events. This doesn’t only apply to starting artists, but even to famous stars. The artists need to have a lot of capital in advance as they have to pay for the venues, organisation, … upfront while only receiving the money after the show is over. Enter GET’s DeFi solution!
The pre-financing of events for event-organizers is not a solution looking for a problem; it’s a widely known and used tool that enables event organizers to make the investments needed to get their shows or festivals off the ground.In the past we have encountered Event Organizers who select their ticketing partner solely based on the amount of money and loan conditions that they are offered up front.
Thanks to getNFT tickets you’ll be able to pre-finance events of your choice. You can choose to finance new artists (more risk/more APY) or established kpop stars (less risk/less APY).
This is how it will work:
If the concept seems complicated, here’s what you need to understand about GET’s decentralized financing solution:1.) Event organizers will be able to easily pre-finance their events. (Something they desperately crave.)2.) Investors will be able to invest in events of their choice, at a risk & reward level that they feel comfortable with.3.) The $GET token is an integral part of the financing process, as it is required for ‘skin in the game’ from
The advantage event financing for GET token holders will bring is again twofold:
For a deeper insight I recommend the blog below:
https://medium.com/get-protocol/decentralizing-event-financing-liquidity-x-defi-x-nfts-975f028135f5
The endgoal of the GET protocol is to become open source and decentralised. There will be a governance model where changes to the protocol will be determined by GET token holders. That’s why I expect ticketing companies to acquire a lot of GET in time as their revenue relies on the direction of the protocol.
So Mark Cuban can acquire a share in the GET protocol sipmly by buying the tokens. It would probably be a better strategy than building everything from scratch.
