https://www.rollingstone.com/pro/news/kings-of-leon-when-you-see-yourself-album-nft-crypto-1135192/ http://www.yellowheart.io/ Kings of Leon Will Be the First Band to Release an Album as an NFT I'm looking to buy some of these NFTs, I bet they will become collectibles and its like owning a piece of crypto history (instead of the ugly jpegs that are going to absurd prices), it might be worth a lot one day. It looks like, for the album token, they will print as many as needed over 2 weeks for $50 and then the printing will stop forever.
Looks like other bands are claiming the title of having done the first album as an NFT, so I guess this idea no longer applies
Thanks for the info. Yea, Celsius and Nexo don't do that crap (i.e. taking unnecessary risks), imo, thisi is just pure greed on BlockFi trying to juice for more returns BlockFi doe have VC and wall street backing/funding which explains the bonehead greedy actions
You don't know Celsius as much as the community of Celsians does It's a very transparently-run company, with actions verifiable on the blockchains I challenge you to find inconsistencies in the weekly numbers they publish every week via youtube videos $9.5B AUM and growing, 2nd only in btc holdings to GBTC https://celsians.com/ https://celsius.network/
Its now what about what you know, its about what you dont know. Take Cred, do you think this information was disclosed on their website or to their clients? https://www.coindesk.com/bankrupt-crypto-lending-platform-cred-had-uk-fugitive-in-charge-of-funds Also, I never saw the information that BlockFi was not a bank but rather a GBTC and Futures arbitrage fund. If Celsius is doing something shady, they are not going to tell you. In crypto you dont trust, you verify. Except, you cant verify in this case, you can only verify what they tell you, but they have an incentive to lie Celsius pays 6% on BTC deposits, meanwhile free market DeFi protocols like Aave or Compound pay virtually nothing, that tells anyone experienced with markets everything Look, you might know a lot about crypto but you are not exactly PTJ when it comes to risk management. So I would advise you to improve in this area. Read up on the Market Wizard series and books Like the Black Swan and Antifragile. No amount of crypto knowledge will help a person during tough times, only risk management. And tough times will come, its only a matter of time
BlockFi recently suspended deposits, probably because they cant cut their interest rate paid on BTC/ETH as it would lead to a mass exodus from the platform. At the same time, they dont want more people coming in and increasing their liabilities. At this point, all it takes for this company to go under is for people to think they will go under. Given their asset liability mismatch, they would have to file for bk. BlockFi has already 'innovated' by being the first bank in history that doesnt want deposits And then what prevents depositors from thinking other crypto banks wont go under? Its all a self-fulfilling prophecy. There is a reason why central banks exist, it is to provide liquidity to financial players during times to stress. These banks dont have that. When Lehman went under, MS was said to be the next one in line, and then GS. Regardless of whether they had healthy balance sheets Also, I dont see a single smart VC as a lead investor on Celsius capital rounds. Where is Sequoia? Andressen Horrowitz? Fred Wilson? Thiel? No, there are sketchy players like Tether and tiny firms I never heard of. Meanwhile they are paying 6% on BTC and BlockFi is under major stress. If I had a penny on these banks, I would take it out ASAP. I rather send it to a hardware wallet at no interest but earn my 2-3x from here than to risk it all for 6% in sketchy firms like these. Asset liability mismatch and leverage are what bankrupcies are made of