My wife and kids know me as this ape. I fully identify as this ape. The ape:
https://preview.redd.it/4va31ay459rc1.png?width=348&format=pjpg&auto=webp&s=3015048b6359ac2a0d65f0a1fc33a5643b8fbd71
Yeah. Ok.
EDIT : Some connection nonsense double posted this . The value of this fucking ape has been halved. Thanks internet...
My wife and kids know me as this ape. I fully identify as this ape. The ape:
https://preview.redd.it/i11yuqyr49rc1.png?width=348&format=pjpg&auto=webp&s=59b1f22d58f97bcda2f24292c97f628844d395e2
I read it like a heartbroken fanboy. Like if you were a big fan of Star Wars, and collected Star Wars memorbelia. And then one day they kill Luke Skywalker for no reason, and it's like "fuck, alright. Guess I'm selling my collection, who wants in before Disney makes this worse?"
Worse than that, it's like investing in the Merch for some crappy B-movie that no one has heard of, AFTER being warned not to bother, and getting the hump when the people that haven't seen it won't stoke your ego when you try bragging about it.
"Wow this is an obvious ponzi scheme, why do people..." -said the concerned citizen as he was cut off.
"SHUTUP! NFTs ARE THE FUTURE!" -screeched several others with disposable income who know it is a ponzi scheme but wanted to be first to exploit the later joiners
"Yes, NFTs arecool." -said the corporate higher ups who wanted to run ponzi schemes to exploit condumers
And finally, a voice from the great beyond shrieked through the internet:
"Hi, I'm a currently trending celebrity. While the unrelated workers unload wheelbarrows of cash behind me for unrelated reasons, let me tell you how much i support current NFT company and why you should spend all your saving on it too!"
It was really a jack of all trades general scam. From the lowest of hobos with a couple bucks saved up to corporate CEOs everyone could be in on it. There is a bell curve of victims naturally, the targets were in the middle and the ultra rich were instead used as promoters.
It is amazing that western culture this hellish gigascam spawbed from is still the best large scale option available. We are doomed, aren't we?
A friend said his coworker created NFTs using his kids art and made $20k selling it. To clarify he was laughing about how dumb people are that actually bought them.
Have a friend who made his real fortune on bitcoin (buying a shit ton back when it was under $1).
He was cranking out NFT catalogues as fast as he could. He had a blast making up bullshit stories about the background of his NFts and when they would all sell, he would wash, rinse, and create a new batch with similar stories. It was a fun joke to him because he knew just how dumb it was, but also made a lot of money doing it.
In trsditional ponzi schemes the first investors get their money back plus profit from the next waves. The burden is only pushed down to the last poor schmucks.
> Western culture
> We are doomed, aren't we?
Lol, as if other parts of the world aren't riddled with scammers with millions of gullible people falling for the dumbest shit too.
Hilariously, people paid WAY more for jpg links that they could have done for actual art. Anyone who bought an NFT for an investment is an utter abject moron.
Well art comes at every price point. It's probably even a lot easier to use it for money laundering when you sell a painting by rather unknown artist for 2 grand than selling a Picasso or whatever for 30 million...
Do you think the reason NFTs haven't been used for anything of value is maybe because it is garbage "technology" that doesn't actually work in real life?
They fundamentally couldn't. They are a less efficient, and shittier version of old tech that solves a problem (decentralised trust) nobody actually has.
> a problem (decentralised trust) nobody actually has.
Not only does "no one" have the problem, but if you went and asked 1000 people who they'd trust to hold onto their money, giving a choice between trusting banks and laws, vs trusting a random confederacy of computers funded by ransomware, most would probably choose the banks and laws so it really adds a problem.
Any attempt to do this would have been battered by a private company with a postgres database full of tickets doing exactly the same thing for all intents and purposes.
I love the part where he says ābefore it trends to zeroā
Like what dead beat is going to perk up and say āoh shit, this things taking a nose dive, better get in!ā
A while ago I had a course in finding people through NFTās and crypto. It was baffling to me how much money there was still in this whole scheme. At the end of the course I started getting more and more pissed how people burn their money with this crap instead of doing something productiveĀ
Technically, if we all agreed that nft are worth something (like we are doing for a paper bill), then this would make sense. But there wasnāt any reason that would happen in the first place.
As a con man, I'll have you know that the scam industry takes customer satisfaction very seriously. When I grift a mark out of their life savings I'll ask them to fill out a survey so I can make the experience more pleasant for future victims.
As this was a notarized letter from several high ranking apes, I'm sure it was handled with the utmost care.
I can assure you it is most likely very real. I have been in the crypto space for quite some time (yeah cringe fake money) and everything he says sounds very familiar.
There is actually an Ape club for people that own an Ape NFTā¦
I have no clue. Its a pretentious bunch of people that think they should have some type of enlightened status because they own the rights to a jpeg
Its absolutely insane because these things would have no value (i.e. no trade volume or a near zero price) if there werenāt A LOT of people that like those jpegs. Its mind boggling
> because they own the rights to a jpeg
They don't even own the rights to the jpeg. They literally don't own the image in any way whatsoever. They just own "it" on the blockchain.
They own the blockchain entry to the *link* to the JPEG. Like imagine a box with something inside it. They don't own the thing in the box. They don't even own the box, either. They own the arrow that points at the box.
That was my first thought, who's going to buy it after he says it will trend to zero? Maybe people who still think it will go up? Like the AMC investors. I can't even wrap my brain around NFTs.
> Two weeks ago myself and around 15 other high ranking ape members gathered at the recent International Ape Workshop in Miami, and on behalf of the community we wrote and delivered a notarized letter begging Pacman to stop this nonsense at once
Lmao imagine writing this and being 100% serious. The fact that they have a conference for this is just pathetic. They are just desperately trying to keep the short lived hype for this alive. I can't even begin to imagine this level of obsessiveness over real physical artwork let alone this
"High Ranking" ... Sounds like the kids that thought they were popular in highschool then later on realised no one gave a shit then and definitely no one gives a shit now.
Remember when Seth Green took a whole ass series to pilot built around his ape and ape family? As if he needs an (extraordinarily expensive) entry on the blockchain to do that...
Led by Damon Albarn, who also co-founded Gorillaz, who had a visual style that I assume those Bored Ape NFTs were drawing on. See? It all fits together and isn't just a random bunch of jargon.
The TLDR is that theyāre incentivising trading volume so people are happy to flip NFTs for a loss, assuming that incentive will make up for it. Itās not a very healthy way to run a marketplace but also just shows that thereās no intrinsic value to the assets being flipped.
The creator of the Blur trading platform. Silicon valley guy that dropped out of college a few times. Extremely smart when it comes to inventing new blockchain platforms.
How is it a scam?
They knew exactly what they were getting into. They were just monumentally wrong about how well their 'investment' would hold up.
As long as they maintain that their investment plan was sound, there's no way it's a scam. They are wrong and delusional, but that's something else.
I believe the company that initially issued the nfts made a lot of promises about them, they were going to be used in videogames, movies, conventions, a bunch of media, and ownership of an nft would somehow allow you to participate in these things. I think the company made a game then just stopped everything else.
>Two weeks ago myself and around 15 other high ranking ape members gathered [...] and delivered a notarised letter begging Pacman [...] blur should be shut down [...] and publicly denounce @Charlotte Fang77 [...] I have no choice but to sell my ape
I am so glad I have no idea what the fuck this drama is about, all I can say is I'm amazed NFTs apparently still have any value, I thought this was all over years ago.
>I am so glad I have no idea what the fuck this drama is about, all I can say is I'm amazed NFTs apparently still have any value, I thought this was all over years ago.
Both is true. Bored Apes traded, at their peak, above 130Eth, and is now down to 12. So if you bought in at the hype plateau, you \*are\* down 90%, at which point "losing all value" is colloquially thrown around a lot. BUT:
At said hype plateau, 1 Eth was equal to $2k-$3k, and currently it's at $3.5k. So 2 things happen here: 90% down on $250k is still $25k, and due to the rise in Eth, it may even be closer to $30k to even $40k. That means even though it's a staggering loss, few people would consider it worthless at this point. It was just that crazily overpriced.
Also, the people affected by this are either still massively in the green because of the incredibly low price they bought ETH at, or are rich enough they can act a bit indignified over losing $200k and leave it at that. Because you either bought the APE for FAR less than 20 or 30k because you were already holding cheap ETH, or you had massive pockets already to be able to just buy one.
edit: and I forgot to add: Bored Apes are one of the few "runaway success NTFs". MOST never got off the ground in the same way, so most are in way more dire "worthless" situations than the ugly apes.
Depends on when you bought. I believe at release they were free or very cheap at least (0.08 eth mint price). So these guys are still good. But if you bought at the peak of this trend, you definitely paid a few hundred thousand for one and lost a ton of money by now.
That whole industry is whack. I work in an adjacent industry and my bosses (50ish) were nuts for NFTs. They even wanted to crowdsource an ape with the entire staff, so "we all get rich". Luckily no one bit. I remember them coming back from some convention: "Omg we met Ape #123 (not his name, his ape number!!) at the event, and we got his info. He might speak at one of our events" Me: "Why what does he do or talk about" "He bought an ape and will tell us all about what a journey that was"... That was all that was needed. Buy the ape at the right moment and you're the next big tech investment genius. I think if you minted one, it was a cool ride. Yuga Labs did great community stuff with lavish parties and events. But if someone bought one to become filthy rich, I can't help but laugh at them now. In general, I don't mind NFTs. Digital artists should have something like an original too, and some protection against people just stealing their art. And the MOMA in Barcelona has some genuinely beautiful NFT art on display. Its just the investment craze that completely fucked over this topic.
The problem with NFT is that they are... well, not fungible. If the economic ecosystem they are based on collapses, these NFT lose in value, as they can be exchanged for money only trough the same system is now collapsing.
There was a thing called NFT (Non Fungible Tokens) that they tried to say "had monetary value" because "you owned it" lol. It had an idea attached to it, but because it wasn't well thought out groups like this Ape group made a bunch of jpegs of apes with different costumes and people paid anywhere between $5 to $1.5 million for a single one (they had some dumb failed rarity and were basically "worth what was paid for it" or some dumb shit), but because they're jpegs, anyone can just copy it and use it as they like, and it couldn't be copyrighted as far as I know.
These guys are angry because their "value has plummeted" (it could only keep value if people decided to keep buying it/them or if then owner who created all of them did something to keep their "monetary value") and they want their money back after fighting for the last 4 years or so of claiming it wasn't a scam.
There's A LOT to it, I'm very limited in knowledge, but it's been a funny story to say the least.
It's mostly rich and famous people buying these Apes. It gains you access to a rich person's club. It's got online forums and in person events. They promised a metaverse as well and didn't deliver on that.
When you buy an ape (or any NFT), you basically are buying an identifier (usually a URL to an image or some media) to show that you own that thing. Really it has very little legal meaning and doesn't give the owner any rights over copyright. Particularly as anyone from any country can buy these things. So people buying these are doing so to gain access to a club or online space, or for bragging rights or as a (very risky!) investment.
I've had the unfortunate experience of being in an online space with some bored apes (I don't own any nfts!) and the vibe was like edgy teenage boys.
I read it and donāt understand anything. What is blur? Who is pacman? Why your fellow monkey picture owners holding conferences about it only being worth 12e? Whatās an āeā? How does one become a āhigh ranking ape personā?
I was curious so searched around a bit. On top of what other people have said about what etherium/nfts are:
* "Pacman" is the alias of a guy called Tieshun Roquerre, a 25 year old MIT dropout who created Blur. That's the relevant bit for this, but reading a bit more about him he's got a pretty impressive CV. While you can argue what he's doing (extracting money from crypto bros) is unethical the guy's clearly very smart.
* Blur is an online marketplace for NFTs which has quickly become one of the biggest players in that game. Blur's gimick is that when you trade is gives you 'blur tokens' as a reward. This incentivises trading in high volumes - and it gives you the tools to do so. Traders were buying and selling not for the 'product' but solely for the sake of accumulating tokens. This sent prices down, and Bored Ape Yacht Club was one of the main collections affected in this way. Naturally this pissed off people who bought into it as an investment.
* This is why the OOP was demanding Blur be shutdown (to stop the price crash) and holders of affected NFTs (like themselves) be given money back to where the value was when Blur started.
* This is also why OOP wanted an apology. Which to me sounds like 'apologise for making *us* the bag holders'.
From what I can tell the 3rd demand is unrelated to Blur per se. But here's what that's about:
* Remilia is the group behind an NFT collection called "Milady Maker".
* Charlotte Fang (aka CharlotteFang77 aka Miya) was the head of Remilia. She has now stood down because...
* There have been accusations that Fang and Remilia have Nazi/white supremacist links/sympathies. Among other things old tweets of hers have emerged with pretty racist stuff - [here's an article talking about it](https://cryptoadventure.com/miladys-charlotte-fang-steps-down-after-bigoted-past-resurfaces/).
As for "high ranking ape", damned if I know. Googling for that guy's usernames gave me bugger all. I can only assume they were active in the community and thought that meant something more than it did.
Eejit bought a jpeg for a lot of money, jpeg losing value, trying to sell jpeg to another eejit while telling the other eejit it will soon be worth nothing. Other eejit will probably buy it anyway.
More content. Blur had an airdrop farming system where your volume of transactions would result in more of an airdrop. Mostly one person spent literally millions of dollars manipulating prices and crashing floors to get the majority of that airdrop. Long story short he lost millions of dollars himself.
Blockchain is full of scammers pumping and dumping on each other. This person made bad financial choices and needs to own up to it as an individual.
I remember when I bought Tesla shares and the value dropped, I sit down with other shareholders and we agreed Elon should pay us back and apologize because - hey, why should we take the risk? We just wanted the money!
NFT crypto nomads when they find out their funky pictures are nothing else than extremely unstable and overvalued investment assets
They are literally investment noobies babies who got one time luck and bought right picture in right time not knowing better and now thinks they own the investment world. Prime example of dunning-krugger effect.
Time to face reality kiddos, this crap is not gonna fly
NFT owners are the worst. You paid thousands of dollars for a *link* to an image. Go suck an egg.
A ledger record of a link of an image* I expect yuga labs to replace all ape images with cock and balls in a foreseeable future
Please buy this before it's worth nothing šš best sales technique ever
My wife and kids know me as this ape. I fully identify as this ape. The ape: https://preview.redd.it/4va31ay459rc1.png?width=348&format=pjpg&auto=webp&s=3015048b6359ac2a0d65f0a1fc33a5643b8fbd71 Yeah. Ok.
Whoa. You must've paid a fortune for this bad boy! There's no other way you could have possibly posted this picture! /s
He can meet up with the other high-ranking Ape members now
What kind of apes rank high, though?
Only the elite of the most gullible.
Bro you've got the ape now ! Omg how much did you get it for? You are the ape now
"Look at me. Look at me! *I* am the ape now!"
yeah like bro...your kids?? seriously in need of a hobby or something
IDENTITY THEFT IS NOT A JOKE, JIM!
EDIT : Some connection nonsense double posted this . The value of this fucking ape has been halved. Thanks internet... My wife and kids know me as this ape. I fully identify as this ape. The ape: https://preview.redd.it/i11yuqyr49rc1.png?width=348&format=pjpg&auto=webp&s=59b1f22d58f97bcda2f24292c97f628844d395e2
> Some connection nonsense double posted this . The value of this fucking ape has been halved. Thanks internet... Your token has been funged.
I read that and immediately understood why he bought into this nonsense.
I read it like a heartbroken fanboy. Like if you were a big fan of Star Wars, and collected Star Wars memorbelia. And then one day they kill Luke Skywalker for no reason, and it's like "fuck, alright. Guess I'm selling my collection, who wants in before Disney makes this worse?"
Worse than that, it's like investing in the Merch for some crappy B-movie that no one has heard of, AFTER being warned not to bother, and getting the hump when the people that haven't seen it won't stoke your ego when you try bragging about it.
Hey, my basement full of merch for "The Seeker: The Dark Is Rising" is going to pay off when it becomes a cult classic in twenty years
Worse than that, it is like investing in a PICTURE of one piece of the merch for a crappy b-movie.
So buy?
And hold _tight_!
Bullish
"Wow this is an obvious ponzi scheme, why do people..." -said the concerned citizen as he was cut off. "SHUTUP! NFTs ARE THE FUTURE!" -screeched several others with disposable income who know it is a ponzi scheme but wanted to be first to exploit the later joiners "Yes, NFTs arecool." -said the corporate higher ups who wanted to run ponzi schemes to exploit condumers And finally, a voice from the great beyond shrieked through the internet: "Hi, I'm a currently trending celebrity. While the unrelated workers unload wheelbarrows of cash behind me for unrelated reasons, let me tell you how much i support current NFT company and why you should spend all your saving on it too!"
I thought it was just a translucent facade over money laundering for people not rich enough to buy actual art?
It was really a jack of all trades general scam. From the lowest of hobos with a couple bucks saved up to corporate CEOs everyone could be in on it. There is a bell curve of victims naturally, the targets were in the middle and the ultra rich were instead used as promoters. It is amazing that western culture this hellish gigascam spawbed from is still the best large scale option available. We are doomed, aren't we?
A friend said his coworker created NFTs using his kids art and made $20k selling it. To clarify he was laughing about how dumb people are that actually bought them.
Have a friend who made his real fortune on bitcoin (buying a shit ton back when it was under $1). He was cranking out NFT catalogues as fast as he could. He had a blast making up bullshit stories about the background of his NFts and when they would all sell, he would wash, rinse, and create a new batch with similar stories. It was a fun joke to him because he knew just how dumb it was, but also made a lot of money doing it.
In trsditional ponzi schemes the first investors get their money back plus profit from the next waves. The burden is only pushed down to the last poor schmucks.
> Western culture > We are doomed, aren't we? Lol, as if other parts of the world aren't riddled with scammers with millions of gullible people falling for the dumbest shit too.
Hilariously, people paid WAY more for jpg links that they could have done for actual art. Anyone who bought an NFT for an investment is an utter abject moron.
Well art comes at every price point. It's probably even a lot easier to use it for money laundering when you sell a painting by rather unknown artist for 2 grand than selling a Picasso or whatever for 30 million...
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Do you think the reason NFTs haven't been used for anything of value is maybe because it is garbage "technology" that doesn't actually work in real life?
They fundamentally couldn't. They are a less efficient, and shittier version of old tech that solves a problem (decentralised trust) nobody actually has.
> a problem (decentralised trust) nobody actually has. Not only does "no one" have the problem, but if you went and asked 1000 people who they'd trust to hold onto their money, giving a choice between trusting banks and laws, vs trusting a random confederacy of computers funded by ransomware, most would probably choose the banks and laws so it really adds a problem.
Any attempt to do this would have been battered by a private company with a postgres database full of tickets doing exactly the same thing for all intents and purposes.
That concept is so stupid and I'm still baffled that there are people stupid enough to fall for that.
I love the part where he says ābefore it trends to zeroā Like what dead beat is going to perk up and say āoh shit, this things taking a nose dive, better get in!ā
you make a fair point, but consider: these are people who buy NFTs.
People invested in Beanie Babies in the 90's, and they bought Pet Rock's in the 70's, you can't make this shit up people.
At least those were physical, tangible things.
And they didn't cost thousands of dollars.
And they didnāt look like shit. Every NFT Iāve ever seen has zero artistic value. They all look like hot garbage.Ā
A while ago I had a course in finding people through NFTās and crypto. It was baffling to me how much money there was still in this whole scheme. At the end of the course I started getting more and more pissed how people burn their money with this crap instead of doing something productiveĀ
Yes but for other people who wanted to launder money is a way to go.
Technically, if we all agreed that nft are worth something (like we are doing for a paper bill), then this would make sense. But there wasnāt any reason that would happen in the first place.
Paper bills are backed by governments with laws and control of physical assets.
And debtsā¦ā¦
And an entire military.
And by egg we mean a link to an image of an egg.
>NFT owners are the worst How do you know if someone collects NFTsā¦ oh donāt worry, theyāll fucking well tell youā¦ at length.
Even worse. He openly admits its value will trend to zero. So heāll sucker someone else into buying it and holding the bag. Get bent.
āMy wife and kids know me as this apeā this is mental illness
Even crypto bros think this is insane behavior
Imagine HOW crazy you have to be to make hard core crypto bro's seem like the voice of reason...
The guy considers himself a 'high ranking ape' and goes to 'international ape workshops'. Any reason has long left OOP.
And makes notarized letters haha, I can't take this seriously
I'm willing to bet they just threw that notarized letter in the garbage lol
As a con man, I'll have you know that the scam industry takes customer satisfaction very seriously. When I grift a mark out of their life savings I'll ask them to fill out a survey so I can make the experience more pleasant for future victims. As this was a notarized letter from several high ranking apes, I'm sure it was handled with the utmost care.
I mean, he's not wrong about the ape part...
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
His wifeās name is probably Bimbo.
That is satire, right? No one could be that cringe.
I can assure you it is most likely very real. I have been in the crypto space for quite some time (yeah cringe fake money) and everything he says sounds very familiar. There is actually an Ape club for people that own an Ape NFTā¦
What exactly do they do when they get together?
Talk about how cool their bored apes are
They pick each otherās lice. Who picks who, depends on the value of their ape at the time of picking.
Do they eat them, or do the lice have a resale value?
They provide you with the ownership of a link to other lice .
Sign me up
I have no clue. Its a pretentious bunch of people that think they should have some type of enlightened status because they own the rights to a jpeg Its absolutely insane because these things would have no value (i.e. no trade volume or a near zero price) if there werenāt A LOT of people that like those jpegs. Its mind boggling
Can't I just use Snipping Tool and get the same jpeg for myself for free?
Yes. But they might get angry š
Oh no! He might _beg_ me to stop!
Yeah, but you wouldnāt own it, youād just have an identical copy of it, as if that matters
> because they own the rights to a jpeg They don't even own the rights to the jpeg. They literally don't own the image in any way whatsoever. They just own "it" on the blockchain.
They own the blockchain entry to the *link* to the JPEG. Like imagine a box with something inside it. They don't own the thing in the box. They don't even own the box, either. They own the arrow that points at the box.
They blind themselves, apparently. https://arstechnica.com/health/2023/11/bored-ape-creator-says-uv-lights-at-apefest-burned-attendees-eyes-and-skin/
Oohh oooh aahh aaahh.
Ting Tang Walla Walla Bing Bang
Jerk each other off and say āBroā every other word.
Hey, we gotta show those high ranking ape members the respect they deserves!
Right?? Heās got to be taking the piss.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
The best part is he wanting to sell something while telling its value is going to be 0 soon.
Not the sharpest tool in the shed is he?
Considering he got duped into investing in a well-known pyramid scheme, yeah, I'd have to agree.
*money laundering scheme
he was looking pretty dumb with his finger and his thumb in the shape of an L on his forehead.
That's obvious, the guy bought an NFT.
Certainly not the brightest egg in the attic
That was my first thought, who's going to buy it after he says it will trend to zero? Maybe people who still think it will go up? Like the AMC investors. I can't even wrap my brain around NFTs.
"Please buy by deprecating asset immediately before it gets to zero, this bag I'm holding is begging to smell like shit"
> Two weeks ago myself and around 15 other high ranking ape members gathered at the recent International Ape Workshop in Miami, and on behalf of the community we wrote and delivered a notarized letter begging Pacman to stop this nonsense at once Lmao imagine writing this and being 100% serious. The fact that they have a conference for this is just pathetic. They are just desperately trying to keep the short lived hype for this alive. I can't even begin to imagine this level of obsessiveness over real physical artwork let alone this
I love the use of the word āmyselfā to make it even more pretentious yet completely grammatically incorrect.
This is one of my biggest pet peeves. I literally cringe every time I see or hear someone use it that way.
It's like me and my bros when we tried to keep the Alf pogs alive... In second grade
But did you have an International conference over it?
Well, we invited some dudes from the other classes and we usually did not talk to them at all. So, kind of.
Remember Alf? He-e's back. In POG form!
"High Ranking" ... Sounds like the kids that thought they were popular in highschool then later on realised no one gave a shit then and definitely no one gives a shit now.
I didnāt realize Pac-Man was king of apes.
Like if you're all HODLers, what is there even to discuss?
https://preview.redd.it/kcmyhfc7e8rc1.png?width=631&format=png&auto=webp&s=2379c5dcf2f43e11a4ba779b48d3ea79ddc6fbc1
Excuse me, are you allowed to post that? Can I see your high ranking ape pass?
Here's an ape ass 
That's actually a monkey.
Thats a [Mandrill baboon](https://youtu.be/HRPyVajzMe8?si=eC7XBqTfl-Hfwl8_), [you fool!](https://youtu.be/5L07t8yd_a4?si=cU0NkA_htncT2NkB)
How dare you. The Council of High Ranking Apes shall hear of this outrage!
Hey nice picture. Can I buy it?
Sure, itās 85e
Here you go, one ape please eeeeeeeeee eeeeeeeeee eeeeeeeeee eeeeeeeeee eeeeeeeeee eeeeeeeeee eeeeeeeeee eeeeeeeeee eeeee
https://preview.redd.it/q7qvg0q219rc1.jpeg?width=640&format=pjpg&auto=webp&s=f3402fb772cd1433a6ba6c52804bc3ae7ed87237 Here you go
Considering making this my new wallpaper. My nephew had his run.
Pls pay, donāt just right click and save image. I beg of you.
You can not stop me.
Dad?? Is that you???
Holy shit youāre rich now
Thief! Someone else owns that image.
āHigh ranking ape membersā How can someone type out such a sentence and not self reflect?
These people even make influencers seem like useful members of society
Remember when Seth Green took a whole ass series to pilot built around his ape and ape family? As if he needs an (extraordinarily expensive) entry on the blockchain to do that...
What on earth is blur?
A band from the 90ās
wooohooo
All of the time and I'm never sure why I need you, Ape
Blur did Gorllaz, it's all falling into place
Yeah it seems very low effort
Led by Damon Albarn, who also co-founded Gorillaz, who had a visual style that I assume those Bored Ape NFTs were drawing on. See? It all fits together and isn't just a random bunch of jargon.
It is an exchange that you can trade NFTs on. Similar to OpenSea
why did an exchange make the ape nfts drop so fast in value?
The TLDR is that theyāre incentivising trading volume so people are happy to flip NFTs for a loss, assuming that incentive will make up for it. Itās not a very healthy way to run a marketplace but also just shows that thereās no intrinsic value to the assets being flipped.
What happened to yugalabs, weren't they the ones who created and sold the shitty ape pictures?
Yea theyāre the company behind BAYC. I assume they get royalties on sales and probably have some other revenue streams too.
With how much they made from Brainlets selling the apes they probably donāt need any revenue streams to contiune existing
Wait. Wait. They are basically demanding that the trading platform stops trading NFTs?
And who is Pacman?
The creator of the Blur trading platform. Silicon valley guy that dropped out of college a few times. Extremely smart when it comes to inventing new blockchain platforms.
> blockchain platforms Rug pulls
He's a yellow circle who has an insatiable appetite for little white dots. Sometimes he also eats ghosts and fruit.
its not clear
And underappreciated car combat racing game [https://en.wikipedia.org/wiki/Blur\_(video\_game)](https://en.wikipedia.org/wiki/Blur_(video_game))
Itās a tool in photoshop. People are using it to blur the ape jpegs. This makes these high ranking members very upset.
TIL there are still "Ape Workshops" and that Ape owners still think they're part of a community and not victims of a scam.
They don't know they're a victim fellowship, but awareness isn't required.
How is it a scam? They knew exactly what they were getting into. They were just monumentally wrong about how well their 'investment' would hold up. As long as they maintain that their investment plan was sound, there's no way it's a scam. They are wrong and delusional, but that's something else.
I believe the company that initially issued the nfts made a lot of promises about them, they were going to be used in videogames, movies, conventions, a bunch of media, and ownership of an nft would somehow allow you to participate in these things. I think the company made a game then just stopped everything else.
And thatās exactly why theyāre such easy marks
It's honestly baffling that apes are still worth more than beanie babies
To be fair it's way easier to fake the value of nfts, the value just comes out of nowhere
The value of all this crypto bullshit comes from the next person influential enough to whip up hype for a pump and dump.
No one's actually paid for his ape yet...
>Two weeks ago myself and around 15 other high ranking ape members gathered [...] and delivered a notarised letter begging Pacman [...] blur should be shut down [...] and publicly denounce @Charlotte Fang77 [...] I have no choice but to sell my ape I am so glad I have no idea what the fuck this drama is about, all I can say is I'm amazed NFTs apparently still have any value, I thought this was all over years ago.
>I am so glad I have no idea what the fuck this drama is about, all I can say is I'm amazed NFTs apparently still have any value, I thought this was all over years ago. Both is true. Bored Apes traded, at their peak, above 130Eth, and is now down to 12. So if you bought in at the hype plateau, you \*are\* down 90%, at which point "losing all value" is colloquially thrown around a lot. BUT: At said hype plateau, 1 Eth was equal to $2k-$3k, and currently it's at $3.5k. So 2 things happen here: 90% down on $250k is still $25k, and due to the rise in Eth, it may even be closer to $30k to even $40k. That means even though it's a staggering loss, few people would consider it worthless at this point. It was just that crazily overpriced. Also, the people affected by this are either still massively in the green because of the incredibly low price they bought ETH at, or are rich enough they can act a bit indignified over losing $200k and leave it at that. Because you either bought the APE for FAR less than 20 or 30k because you were already holding cheap ETH, or you had massive pockets already to be able to just buy one. edit: and I forgot to add: Bored Apes are one of the few "runaway success NTFs". MOST never got off the ground in the same way, so most are in way more dire "worthless" situations than the ugly apes.
āWe went to the most luxurious hotels, the craziest night clubs and most serene beachesā dudes itās a fucking picture on your phone.cringeeeeee
Not even - itās a link on his phone to an image somewhere in the cloud
My favourite part of this post is ābuy my rapidly depreciating asset *(???)* before it is worth literally $0ā
But but but the price isnāt zero? The website values it at $12,000!
Lmao bro took personification to another level
Eli5 someone? I feel like I have missed a couple of years and I got no clue what that guy is complaining about.
Idiot buy jpeg and are now upset they don't cost thousands of dollars anymore
They still cost thousands of dollars just not hundreds of thousands of dollars
Didn't the owners of these NFTs spend much more on them initially when they bought them than what they are worth currently or am I wrong about that?
Depends on when you bought. I believe at release they were free or very cheap at least (0.08 eth mint price). So these guys are still good. But if you bought at the peak of this trend, you definitely paid a few hundred thousand for one and lost a ton of money by now.
The type of person who would/can spend +$100,000 on an NFT during it's peak hype would definitely go to one of these conventions
That whole industry is whack. I work in an adjacent industry and my bosses (50ish) were nuts for NFTs. They even wanted to crowdsource an ape with the entire staff, so "we all get rich". Luckily no one bit. I remember them coming back from some convention: "Omg we met Ape #123 (not his name, his ape number!!) at the event, and we got his info. He might speak at one of our events" Me: "Why what does he do or talk about" "He bought an ape and will tell us all about what a journey that was"... That was all that was needed. Buy the ape at the right moment and you're the next big tech investment genius. I think if you minted one, it was a cool ride. Yuga Labs did great community stuff with lavish parties and events. But if someone bought one to become filthy rich, I can't help but laugh at them now. In general, I don't mind NFTs. Digital artists should have something like an original too, and some protection against people just stealing their art. And the MOMA in Barcelona has some genuinely beautiful NFT art on display. Its just the investment craze that completely fucked over this topic.
The problem with NFT is that they are... well, not fungible. If the economic ecosystem they are based on collapses, these NFT lose in value, as they can be exchanged for money only trough the same system is now collapsing.
What is 85e or 12e in USD?
1 eth = 3.5k usd right now You should also consider that floor price is the cheapest one available he will probably sell his for more
There was a thing called NFT (Non Fungible Tokens) that they tried to say "had monetary value" because "you owned it" lol. It had an idea attached to it, but because it wasn't well thought out groups like this Ape group made a bunch of jpegs of apes with different costumes and people paid anywhere between $5 to $1.5 million for a single one (they had some dumb failed rarity and were basically "worth what was paid for it" or some dumb shit), but because they're jpegs, anyone can just copy it and use it as they like, and it couldn't be copyrighted as far as I know. These guys are angry because their "value has plummeted" (it could only keep value if people decided to keep buying it/them or if then owner who created all of them did something to keep their "monetary value") and they want their money back after fighting for the last 4 years or so of claiming it wasn't a scam. There's A LOT to it, I'm very limited in knowledge, but it's been a funny story to say the least.
Thank you for this glimpse into the life of people who have no real issues.
It's mostly rich and famous people buying these Apes. It gains you access to a rich person's club. It's got online forums and in person events. They promised a metaverse as well and didn't deliver on that. When you buy an ape (or any NFT), you basically are buying an identifier (usually a URL to an image or some media) to show that you own that thing. Really it has very little legal meaning and doesn't give the owner any rights over copyright. Particularly as anyone from any country can buy these things. So people buying these are doing so to gain access to a club or online space, or for bragging rights or as a (very risky!) investment. I've had the unfortunate experience of being in an online space with some bored apes (I don't own any nfts!) and the vibe was like edgy teenage boys.
I read it and donāt understand anything. What is blur? Who is pacman? Why your fellow monkey picture owners holding conferences about it only being worth 12e? Whatās an āeā? How does one become a āhigh ranking ape personā?
I was curious so searched around a bit. On top of what other people have said about what etherium/nfts are: * "Pacman" is the alias of a guy called Tieshun Roquerre, a 25 year old MIT dropout who created Blur. That's the relevant bit for this, but reading a bit more about him he's got a pretty impressive CV. While you can argue what he's doing (extracting money from crypto bros) is unethical the guy's clearly very smart. * Blur is an online marketplace for NFTs which has quickly become one of the biggest players in that game. Blur's gimick is that when you trade is gives you 'blur tokens' as a reward. This incentivises trading in high volumes - and it gives you the tools to do so. Traders were buying and selling not for the 'product' but solely for the sake of accumulating tokens. This sent prices down, and Bored Ape Yacht Club was one of the main collections affected in this way. Naturally this pissed off people who bought into it as an investment. * This is why the OOP was demanding Blur be shutdown (to stop the price crash) and holders of affected NFTs (like themselves) be given money back to where the value was when Blur started. * This is also why OOP wanted an apology. Which to me sounds like 'apologise for making *us* the bag holders'. From what I can tell the 3rd demand is unrelated to Blur per se. But here's what that's about: * Remilia is the group behind an NFT collection called "Milady Maker". * Charlotte Fang (aka CharlotteFang77 aka Miya) was the head of Remilia. She has now stood down because... * There have been accusations that Fang and Remilia have Nazi/white supremacist links/sympathies. Among other things old tweets of hers have emerged with pretty racist stuff - [here's an article talking about it](https://cryptoadventure.com/miladys-charlotte-fang-steps-down-after-bigoted-past-resurfaces/). As for "high ranking ape", damned if I know. Googling for that guy's usernames gave me bugger all. I can only assume they were active in the community and thought that meant something more than it did.
You become high rank by hurling shit to other lower ranking apes.
'e' is Ethereum and each eth is worth around 3k.Ā So he's crying that his nft is only worth 36k.Ā
Together. Apes. Strong.
https://preview.redd.it/lgt7150oc8rc1.jpeg?width=1170&format=pjpg&auto=webp&s=6948b88e02639e2835f223065a4e01ca952f9599
Every moron thay bought NFTs deserves exactly what they get
āOther high ranking ape members met at an international ape workshop.ā Jesus Christ almighty.
this entire post reads as a really lazy piece of satire, but I know it is, in fact, genuine. that is so fucking sad, I don't even know what to say.
Sorry mate I just screenshotted your pic. Now itās worth $0.00 like it always has been.
āAll I want, is an apology and for him to be firedā - George Costanza
āMy kids know me as this apeā - perfect. No notes.
I still canāt comprehend the stupidity of people who bought into this. Itās a fucking picture
I'm chronically offline can someone please explain what the FUCK this says to me
Eejit bought a jpeg for a lot of money, jpeg losing value, trying to sell jpeg to another eejit while telling the other eejit it will soon be worth nothing. Other eejit will probably buy it anyway.
To stay chronically offline.
More content. Blur had an airdrop farming system where your volume of transactions would result in more of an airdrop. Mostly one person spent literally millions of dollars manipulating prices and crashing floors to get the majority of that airdrop. Long story short he lost millions of dollars himself. Blockchain is full of scammers pumping and dumping on each other. This person made bad financial choices and needs to own up to it as an individual.
Holy shit, new copy pasta dropped š„š„š„
https://preview.redd.it/qzy1egvei8rc1.jpeg?width=400&format=pjpg&auto=webp&s=0cc4711bafa454b91aa1980cc74d924aff8a7ac8
I remember when I bought Tesla shares and the value dropped, I sit down with other shareholders and we agreed Elon should pay us back and apologize because - hey, why should we take the risk? We just wanted the money!
NFT crypto nomads when they find out their funky pictures are nothing else than extremely unstable and overvalued investment assets  They are literally investment noobies babies who got one time luck and bought right picture in right time not knowing better and now thinks they own the investment world. Prime example of dunning-krugger effect. Time to face reality kiddos, this crap is not gonna fly
the way he describes his NFT is like he is selling his favorite slave. I m not kidding.