Originally published at: https://boingboing.net/2018/06/19/the-value-of-cryptokitties-has.html
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What about all the Chinese knock-off coin-cats?
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Someone once called Bitcoin “math Beanie Babies.” This does nothing to dispel that notion.
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Can I interest anyone in some Power of the Force early 90s collectables?
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CryptoPuppies to the rescue!
So… biting both Pokemon and Valve’s rhymes. Have they considered… loot boxes?
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Back to bloody Beanie Babies, Batman!
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Something about a fool and his money comes to mind…except that the big boys investing probably aren’t stupid enough to use their own money.
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Mental Note: Start a company selling cryto-tulips.
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Even more bananas is that according to their terms of service, you don’t actually own the crappy cat drawing, only the underlying code that governs how the cats “reproduce”.
So, as they say in their terms, they can sell or pull the images any time for any reason. But you can keep that code. lol.
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The CryptoKitty in the BitCoin mine?
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Makes me think of:
(For some baffling reason that particular video is geolocked, but most of the rest of the series is accessible and totally worth checking out.)
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I’ll give you $850 for that grumpycat.
Hopefully this is a indication of what’s going to happen to cryptocurrencies, too…
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*sigh*
a friend of mine got really into this and, although it was quite easy initially to made some money selling the cats to idiots, it soon becomes a massive money pit.
Apparently, you have to pay a small amount of Etherium for every single thing you do on the site. The price of the currency rocketed so much that he didn’t have enough money to list his cats on the marketplace and couldn’t afford to buy more Etherium, so just ended up with some useless pictures of cats.
Needless to say, I was glad I didn’t get involved!
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