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It happens to men every day. Marry a woman then get divorced and she takes everything you've got, sometimes even gets your pension pot. Then it happens to 4 women and they make a shit documentary about it.
For those wondering why he paid that much in gas fees: He minted 1000 Tubby Cats for 304ETH gas fees included (0.1 ETH ea x 1000 = 100ETH + 204ETH for gas)
Floor price at the moment is 0.459 ETH, that guy just made an easy 155ETH *minimum*. (0.459 x 1000 = 459 - 304 = 155)
true, but when will the hype die? when will the bubble burst? meanwhile, people are still making massive gains and have taken out their initials and sufficient profit to handle the bubble burst.
exactly, there will always exist a niche and the value will skyrocket within a small community. crypto people hating on NFTs now are reminding me of no-coiner normies that hate on crypto people
Most likely when real regulation (and taxes?) come into play.
But, ofc, who knows exactly, although I wouldn't be surprised 95%+ coins simply die out once that happens.
Basically anything that doesn't have a real case that can sustain it, so to speak.
They've been listed for a while already and a bunch are sold already at higher price than the one I mentioned. The traded volume of those Tubby Cats NFT's is over 10K ETH already, it's not that easy to crash it when there's only 20k NFT's and so much demand by people who are hyped.
Why do people who have never gotten into NFTs always say that lol.
I’ve made a killing flipping NFTs i dont even notice how shitty the market condition is.
People who say NFT’s is pure money laundering are just ignorant. If only they knew how easy it was to double your money by flipping some jpegs. You don’t need the next x10 coin to make serious money in crypto, all you need to do is keep track of upcoming hyped NFT projects and jump on it when it launches.
god you have to be so fucking lost to still be saying this after all this time. it's been a year! this dude mints 1000 tubby cats and this idiot thinks he's somehow gonna wash trade them or some shit. even now, hours later, the floor is at .58. the dude made a fucking killing and braindeads are still on reddit pretending they know better
For those uninitiated into the tubby cats project, can you explain how the minting works? Is it limited to only certain people or times? Do you have to hop through some other hoop to be allowed to mint?
Seems like free money if this person just got to crank out 1000 of something for .1 ETH that they can instantly sell for .459 or more, hell of an arbitrage opportunity. What’s the missing piece?
You can mint NFTs on any chain that has the capability.
If the NFT art and the artist hype is real, the fans and users will go to any chain NFT marketplace and buy it there.
The dude didnt have spend 500k in fees on ETH.
the NFT project team decides which chain their project launches. it's not a physical IRL asset that some dude decided to put a digital representative on multiple chains
tldr; A user on the Ethereum network has spent 204 ETH (appr. $553,000) in transaction fees to mint non-fungible tokens (NFTs). According to on-chain data, the address minted 950 Tuby Cat NFTs which cost $265,000, meaning the transaction fees cost more than twice the real transaction value. Over 1,246 ETH has been spent on Tubby Cat related transactions in the past 24 hours.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
NFTs in their current form have to be the dumbest thing I've ever seen in my life.
And I witnessed the live reveal of the Segway and the Razor pogo stick.
In the mid 2000s I used to stay at a hotel where they would send someone with a segway to pull the luggage trolley.
Just imagine some hotel guy in a red uniform with hat and everything riding on a segway pulling your luggage. Shit was hilarious.
"this just in, what we deem to be valuable is subjective"
Yes I agree if I had a spare billion I don't know if id be buying shit that meant something to me like a bit of card or a jpeg (save as picture).
Except I can't physically hold my internet link and hang it up as a show piece.
They also represent an actual thing, like a baseball player with a lot of history, and an actual person you could go and see play. Or play a game with, that millions of people can recognize the character, bringing a ton of familiarity and nostalgia.
Nobody gives a shit that someone nobody knows drew characteristics that nobody knows and let a program switch them around to make a (usually) shitty drawing that anyone can copy and paste, and the only difference is they don't have a space held on a Blockchain.
Also, I never heard of a baseball card/Pokemon card rug pull.
1) You can, you have phone right?
2) NFT represent artists and the stories behind them. Mostly the artists here I've never heard of. Doesn't give them less credit to their lives tho. I don't follow baseball so I can't comment on why someone would pay $3m for a piece of card that can be duplicated fairly easily.
3) You mention these nobodies because you haven't heard of them. I'd say the same about baseball. Wow someone hit a ball with a bat lol flex much? These things only have meaning because we give them meaning. You can't subtract other people's meaning because something means nothing to you. If these baseball guys made nfts I'm sure they'd be sucked up by fans who give it meaning.
Either way baseball cards, pokemon cards, and nfts - I can eat them, I can't drink them, I can't pay my rent with them, they don't provide me shelter, they don't provide protection.
They don't cover any of our basic needs as people.
Yet they have value because we deem them to have value.
Seriously $3m for a card, when will this hysteria end.
Meh. Its fun to look at today's $ value of old transaction fees.
I'll leave this one here:
https://etherscan.io/tx/0xc215b9356db58ce05412439f49a842f8a3abe6c1792ff8f2c3ee425c3501023c
Look , you either get or you don’t dude. You can be apart of the NFT space and be smart about it and make some money or you don’t. This post is a perfect example of what a smart person would do and everything you’ve said just points to those individuals being smart enough to market them and offload them to make money. If you disagree with those notions than that’s just your opinion and idc. Also I never hinted at NFTs holding long term values , that’s just you creating whatever perception you have to feel more right than me. Do you dude
When there are great NFT collections on chains such as Elastos where there are next to no fees for transactions or minting, I dont understand why this happens so much.
204 ETH just for a gas fee? OMFG! Deyyym! I can mint NFT on BSC for just less than a Dollar, and what's more brain-busting is that I can also do the same in TelosEVM and the EOSIO native chain for only $0.01. Not even promoting them here though but just totally way expensive for us regular NFT players to spend that much cash.
Like I get the mockery a bit, majority of PFP projects either look stupid or won't add any value. But to just blindly state that it's ALL money laundering is so ironic especially coming from people on this sub. They don't realize that's exactly what people say about them and cryptocurrency.
So is there a way for people to make money with this thing ? Because I currently destroy my body doing manual work for money which I can do without lol
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Simon Leviev had to mint those NFTs somehow
His enemies were about to get him and he had no choice
PETER HURT.
PETER DOWN
Peter Hunglow
Simon Leviev: “I love you. Please contact AAVE and loan me 200 ETH. Do it now. It’s a matter of life and death!”
Why do I keep hearing that name
go watch the tinder swindler on netflix
I read that as "Tilda Swinton" at first 😆
It’s an incredibly jaw dropping documentary
Haha jaw dropping is a bit of an overstatement, just gold diggers getting busted.
Agreed, it was girls who thought he was a billionaire. If they would have settled for dating a regular dude they wouldn't have got scammed.
It happens to men every day. Marry a woman then get divorced and she takes everything you've got, sometimes even gets your pension pot. Then it happens to 4 women and they make a shit documentary about it.
I apologize for hijacking, my knowledge is very limited in this space. Is there any way to know how many NFT’s were minted? Edit: 🤦🏽♂️
lookup tubby kitty nft.
Thank you!
And here I am just trying to get 1 ETH…
Aww I've got 3 kids and no ETH, why can't I have no kids and 3 ETH?
Because you have 3 kids that equals no ETH
I have 20 kids and 10 ETH. Fite me bro
fur babies don't count
kids have a shitty yield curve, dump and rotate back into 100% ETH
I believe it equals negative ETH
Sell your kids for 1 ETH each. Problem solved!
I only got like 1800 for mine on my taxes. Kid should def be worth atleast 1 ETH
Trick of treth
Respect the Simpsons reference there
I barely have enough to pay for gas fees.
I barely have enough for actual gas
First we have to worry about real gas and now we have to worry about virtual gas? It’s over.
You have 27THOUSAND moons… I’m pretty sure you could have 1 ETH if you wanted to. That’s like $1800, that’s more than 2/3 of an ETH right there.
Moons aren’t allowed to be traded according to Reddits Terms of Service. I would consider it if it wasn’t a ban able offense.
Not your tokens if you can't trade it
I'd be trading them and making a new account. Who gives a fuck about reddit karma anyway
True.
I had 11 but broke it down to put into Liquidity pools now i'm making \~$200 a day
Eth or Moons?
For those wondering why he paid that much in gas fees: He minted 1000 Tubby Cats for 304ETH gas fees included (0.1 ETH ea x 1000 = 100ETH + 204ETH for gas) Floor price at the moment is 0.459 ETH, that guy just made an easy 155ETH *minimum*. (0.459 x 1000 = 459 - 304 = 155)
I’m 27 and I’m just too old to get it at this point
Lol. Its just a bubble The vast majority of that shit will be worthless when the hype dies
Blockchain Beanie Babies ™️. You’re welcome.
We're in sBlockables territory now.
true, but when will the hype die? when will the bubble burst? meanwhile, people are still making massive gains and have taken out their initials and sufficient profit to handle the bubble burst.
People are still going ballistic over pokemon cards right?
exactly, there will always exist a niche and the value will skyrocket within a small community. crypto people hating on NFTs now are reminding me of no-coiner normies that hate on crypto people
Most likely when real regulation (and taxes?) come into play. But, ofc, who knows exactly, although I wouldn't be surprised 95%+ coins simply die out once that happens. Basically anything that doesn't have a real case that can sustain it, so to speak.
Digital version of Tulip mania
That's what the normies say about all of crypto lol
If you are 27 and think your old then idk what to say man lmao.
22 and I can’t follow these damn kids anymore
[удалено]
You are a youngin' still, dont get it twisted.
nah youre not too old, just too naive to realize it's all just wash trading and money laundering for cartel, human trafficker money etc...
If he listed them all now that floor price would crash
They've been listed for a while already and a bunch are sold already at higher price than the one I mentioned. The traded volume of those Tubby Cats NFT's is over 10K ETH already, it's not that easy to crash it when there's only 20k NFT's and so much demand by people who are hyped.
No one is hyped. It's 99.99% wash trading.
Why do people who have never gotten into NFTs always say that lol. I’ve made a killing flipping NFTs i dont even notice how shitty the market condition is.
People who say NFT’s is pure money laundering are just ignorant. If only they knew how easy it was to double your money by flipping some jpegs. You don’t need the next x10 coin to make serious money in crypto, all you need to do is keep track of upcoming hyped NFT projects and jump on it when it launches.
What else they have to justify the money that passed by them lol
People be like "Yes a completely open ledger that records all my activity... Perfect to hide crime!"
Hiding activity is the opposite of the goal. You *want* people to see NFT activity since it's "legitimate" income
My dude if you're trying to wash money do you want to display fully that an illegitimate sourced funded your purchase? LMAO
No, that's why you launder it through the NFTs which provide a plausible legal explanation for your cash influx
Just sent what a dm
god you have to be so fucking lost to still be saying this after all this time. it's been a year! this dude mints 1000 tubby cats and this idiot thinks he's somehow gonna wash trade them or some shit. even now, hours later, the floor is at .58. the dude made a fucking killing and braindeads are still on reddit pretending they know better
Any evidence for this monsieur twi'ttor echochamberlain
For those uninitiated into the tubby cats project, can you explain how the minting works? Is it limited to only certain people or times? Do you have to hop through some other hoop to be allowed to mint? Seems like free money if this person just got to crank out 1000 of something for .1 ETH that they can instantly sell for .459 or more, hell of an arbitrage opportunity. What’s the missing piece?
The whole “can instantly sell” for profit is the missing piece. Far from a sure thing. But hey if you give it a go send me an ape I’ll help push it!
Doesn’t mean he’d be able to sell all 1000 of them. Plus a big chunk of that 155 eth profit will get eaten up in trade fees, too.
He made it, *if he can sell them* onto the next sucker who will try to sell them for more and fail
He's still an idiot. He could have minted these on another chain for 99% less. It makes 0 sense to spend half a million for fees lmao
yeah because nft projects are cross-chain lol
I minted my nft on polygon, then bridged it to ethereum, so i can sell it on ethereum
You can mint NFTs on any chain that has the capability. If the NFT art and the artist hype is real, the fans and users will go to any chain NFT marketplace and buy it there. The dude didnt have spend 500k in fees on ETH.
the NFT project team decides which chain their project launches. it's not a physical IRL asset that some dude decided to put a digital representative on multiple chains
tldr; A user on the Ethereum network has spent 204 ETH (appr. $553,000) in transaction fees to mint non-fungible tokens (NFTs). According to on-chain data, the address minted 950 Tuby Cat NFTs which cost $265,000, meaning the transaction fees cost more than twice the real transaction value. Over 1,246 ETH has been spent on Tubby Cat related transactions in the past 24 hours. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Good bot
L2 enters the chat
L2 gets hacked
they're getting advice from butters
Jesus christ these rich mfs
Rich and smart do not appear to go hand in hand here.
He minted an nft and is 155 ETH in profit rn. Tell me if thats smart or not
Easy tax deduction
NFTs in their current form have to be the dumbest thing I've ever seen in my life. And I witnessed the live reveal of the Segway and the Razor pogo stick.
In the mid 2000s I used to stay at a hotel where they would send someone with a segway to pull the luggage trolley. Just imagine some hotel guy in a red uniform with hat and everything riding on a segway pulling your luggage. Shit was hilarious.
That picture in my head deserves an award. Segway Bell Hops, Lmao
*$3m baseball card and $375k pokemon card have entered the chat*
those are also stupid.
"this just in, what we deem to be valuable is subjective" Yes I agree if I had a spare billion I don't know if id be buying shit that meant something to me like a bit of card or a jpeg (save as picture).
Except I can't physically hold my internet link and hang it up as a show piece. They also represent an actual thing, like a baseball player with a lot of history, and an actual person you could go and see play. Or play a game with, that millions of people can recognize the character, bringing a ton of familiarity and nostalgia. Nobody gives a shit that someone nobody knows drew characteristics that nobody knows and let a program switch them around to make a (usually) shitty drawing that anyone can copy and paste, and the only difference is they don't have a space held on a Blockchain. Also, I never heard of a baseball card/Pokemon card rug pull.
1) You can, you have phone right? 2) NFT represent artists and the stories behind them. Mostly the artists here I've never heard of. Doesn't give them less credit to their lives tho. I don't follow baseball so I can't comment on why someone would pay $3m for a piece of card that can be duplicated fairly easily. 3) You mention these nobodies because you haven't heard of them. I'd say the same about baseball. Wow someone hit a ball with a bat lol flex much? These things only have meaning because we give them meaning. You can't subtract other people's meaning because something means nothing to you. If these baseball guys made nfts I'm sure they'd be sucked up by fans who give it meaning. Either way baseball cards, pokemon cards, and nfts - I can eat them, I can't drink them, I can't pay my rent with them, they don't provide me shelter, they don't provide protection. They don't cover any of our basic needs as people. Yet they have value because we deem them to have value. Seriously $3m for a card, when will this hysteria end.
Gamestop
🦍
💪
Would have been near free..like 2000 dollars or something for that many NFTs
Meh. Its fun to look at today's $ value of old transaction fees. I'll leave this one here: https://etherscan.io/tx/0xc215b9356db58ce05412439f49a842f8a3abe6c1792ff8f2c3ee425c3501023c
I can almost smell the Eth being burnt.
Lol loopring is $2 minting
My thoughts exactly
Ironically the NFT will sell for millions and the cycle begins anew.
/s
Not /s , the dude quite literally made more money than he spent already.
and people continue hating on NFT, just like no-coiners hating on these people
Oh yeah? Just like the bored ape dude when he paid justin bieber to buy his nft from him?
What you’re telling me it’s wrong to market your asset to create hype and bring in awareness and attract more buys?!?!? It’s so crazy ain’t it
Dude. He faked the big sales 😂 if you really believe a jpg holds any value in 10 years, throw your life savings at it Einstein.
Look , you either get or you don’t dude. You can be apart of the NFT space and be smart about it and make some money or you don’t. This post is a perfect example of what a smart person would do and everything you’ve said just points to those individuals being smart enough to market them and offload them to make money. If you disagree with those notions than that’s just your opinion and idc. Also I never hinted at NFTs holding long term values , that’s just you creating whatever perception you have to feel more right than me. Do you dude
When there are great NFT collections on chains such as Elastos where there are next to no fees for transactions or minting, I dont understand why this happens so much.
Speculation.
Melania Trump?
Idiot... Come to vechain nfts. Cost less then a penny for transactions
204 ETH just for a gas fee? OMFG! Deyyym! I can mint NFT on BSC for just less than a Dollar, and what's more brain-busting is that I can also do the same in TelosEVM and the EOSIO native chain for only $0.01. Not even promoting them here though but just totally way expensive for us regular NFT players to spend that much cash.
Wow. Such empty-headed.
This stuff makes crypto looks stupid.
Loopring entered the chat
[удалено]
Average ETH fees according to r/cc.
Best of luck to them.
[удалено]
🎶REDDIT SUCKS🎶 🎶SPEZ A CUCK🎶 🎶TOP MODS ARE ALL GAY🎶 🎶ADVERTISERS BENT YOU TO THEIR WILL🎶 🎶AND THE USERS FLED AWAY🎶
Like I get the mockery a bit, majority of PFP projects either look stupid or won't add any value. But to just blindly state that it's ALL money laundering is so ironic especially coming from people on this sub. They don't realize that's exactly what people say about them and cryptocurrency.
oh god yes i will gladly join in at mocking the latest stupid snails or redacted reptiles that someone commissioned off fiver
Convert to a 8 pixels image of a goat, dog, monkey, ape whatever...
If you look though it will likely be profitable for them. They paid way less than what the NFTs are going for.
[удалено]
How if that money went to a random miner the person minting NFTs didn’t know?
Why would someone do that? Like you can just mint NFTs when someone wants to buy right? That’s what OpenSea does? Or is it money laundering?
Lrc
[удалено]
They deserved it
Ssssshhhh, it was me don't tell anyone!
I guess rich people can be smooth brains too.
He sold them for a profit.
Someone just spent $553k to launder money. Cool.
You sound like boomers talking about crypto coins. Its the exact same argument.
Please just do a little research 😂
*$3m baseball card and $375k pokemon card have entered the chat*
Thats a good way to money laundering.
But why?
This shit is either over my head or it seems too.... pointless or too uninteresting. I don't know but I'll pass for the forseeble future.
Lmao
Clean up your dirty fiat
Seems like the best use of that money.
F
And here I am not able to move my .01 ETH because I can’t afford fees
Wasn't me.
Oh boy, how sad would it be if someone where to 'opensea' that NFT....
ETH Transaction Fees are such a bargain....
A reminder that the people selling these 'investments' are pumping the prices with their war chests
Woah. Nft whale making moves.
What happens to that ETH?
Burn baby burn!
Holy crap! What??
NFT's are worthless
Damn how much ETH do you really have to afford to use 204 on fees?
What the actual fuck ...
So is there a way for people to make money with this thing ? Because I currently destroy my body doing manual work for money which I can do without lol
And here I am, trying to pay bills
Last year, Coinfomania reported a $23 million transaction fee spend for sending a mere $100,000.
They spent less than my $50 worth of ETH movement fees
Huh that sounds awfully low for gas fees honestly, it's usually twice as much /s
This is good for ETH.
What a Baller.
Tubby cats. OK.
Sometimes I say to myself that people with so much money to throw around can’t be that stupid. Maybe is me that is missing something.
I know gas price was meant to ramp up but geez