Remove this Banner Ad

Crows Chat That 'Doesnt Deserve Its Own Thread' Thread part 2

🥰 Love BigFooty? Join now for free.

I'm not the world's biggest fan of crypto (I think its realistic use cases are fewer than advertised) but I wouldn't say I'm a hater either. I try and keep an open mind.

However when it comes to Crypto.com there are two concerns for me:

1. They've just been hacked. Like literally in the last few days. Announcing a sponsorship around this time will see us associated with a service that is perceived as dodgy, unreliable or low quality

2. They make money via transactions like any crypto exchange, however that money will only come in if people are willing to participate in the crypto market. Are they sponsoring a whole bunch of stuff now because they have just made bank over the crypto boom in the last year? What are their plans for a period of cooling and reduced crypto trading? This is why I'd want a full upfront payment in cash. Will they pull out of sports sponsorships as soon as the market turns red?

Then for other crypto businesses the amount of absolute garbage scam-level horse sh*t is insane, there are so many illegitimate and dodgy services that I hope we do our homework. And stay out of NFTs which have no functional purpose whatsoever
So much misinformed opinion here to unpack, but I'll try. I can't change your first view, so not going to bother going down that rabbit hole.

Crypto.com is not perceived as dodgy, unreliable or low quality. This hack (approx 15M) is like dropping 20 dollar note on the ground for a regular joe, barely a blip and didn't impact any actual users (any affected users were reimbursed within 24 hours). It's like someone performing a bank heist and leaving with a coin purse from a little old lady.

Reduced crypto trading in a red market? Boom only in the last year? :rolleyes: This is painful to read, you've clearly put about 2 seconds of research into crypto, which aint much for someone with an 'open mind'.

Yes, no scams exist in TradFi, none at all... brb, just sending my next payment to a nice Nigerian prince, before giving a call back to the nice tax lady that said I could be arrested if I don't pay them immediately. It's like saying that a sporting organisation shouldn't accept a sponsorship from a physio company as they could be secretly running a dodgy massage parlour in a back alley in Thailand.

NFTs are not just JPEG images of monkeys, its a technology that is being used to help develop the Play to Earn concept in gaming and the metaverse. Maybe you missed Microsoft and Meta starting to make significant plays into the metaverse/gaming areas? I know the art world are loving NFTs, as it will help them to digitalise their art and have complete ownership over it, even if someone does a copy paste of it (every NFT has a unique digital signature). I suggest reading this basic guide on NFTs to help.
 
Isn't this a circular argument though?

What came first - the business model or the respectability through sponsorship etc?

Listened to a podcast about someone using the same model


IE they are just brokers - but the entry and exit fees are skewed heavily towards the company. And I mean heavily skewed
Just like the regular stock market since forever?
 
4x the cost but go you good thing

Go cash in your eSports cash
I personally think the exchange fees on Crypto.com are too high, but that's only relative to the multitude of other large exchanges in crypto with significantly lower fees. Trading stocks has always had fees, banks charge fees for just about everything these days. It's almost like platforms charge fees to people to generate revenue?! :think:
 

Log in to remove this Banner Ad

So much misinformed opinion here to unpack, but I'll try. I can't change your first view, so not going to bother going down that rabbit hole.

Crypto.com is not perceived as dodgy, unreliable or low quality. This hack (approx 15M) is like dropping 20 dollar note on the ground for a regular joe, barely a blip and didn't impact any actual users (any affected users were reimbursed within 24 hours). It's like someone performing a bank heist and leaving with a coin purse from a little old lady.

Reduced crypto trading in a red market? Boom only in the last year? :rolleyes: This is painful to read, you've clearly put about 2 seconds of research into crypto, which aint much for someone with an 'open mind'.

Yes, no scams exist in TradFi, none at all... brb, just sending my next payment to a nice Nigerian prince, before giving a call back to the nice tax lady that said I could be arrested if I don't pay them immediately. It's like saying that a sporting organisation shouldn't accept a sponsorship from a physio company as they could be secretly running a dodgy massage parlour in a back alley in Thailand.

NFTs are not just JPEG images of monkeys, its a technology that is being used to help develop the Play to Earn concept in gaming and the metaverse. Maybe you missed Microsoft and Meta starting to make significant plays into the metaverse/gaming areas? I know the art world are loving NFTs, as it will help them to digitalise their art and have complete ownership over it, even if someone does a copy paste of it (every NFT has a unique digital signature). I suggest reading this basic guide on NFTs to help.

Of course Crypto.com is perceived that way. You are living in a bubble if you think normal non-crypto users aren't reading that news and thinking it's dodgy.

The whole point of a sponsorship is to convince new users to come on board. You might think that it's not dodgy, but what about the casual Crows fan that has no idea what the service is? Quick Google search, oh they were hacked, no thanks, why did the Crows choose these guys? That's the perception issue.

The rest of your post is just the usual crypto enthusiast stuff. "Oh you don't understand" level stuff and pretending that people not so hot on it have done no research. You know it's possible to look into things and come to different conclusions right? I see you've even thrown in a few current day buzzwords in there like "metaverse" for good measure. I'm surprised you didn't sneak in "web3" and "blockchain".

As for the point specifically on NFTs, the technology behind NFTs is useless and amounts to an inefficient database. The actual technology doesn't help digitise art at all (NFTs don't "digitize" the art, as the art itself isn't even stored in the blockchain), and saying the art world loves NFTs is a bit of a stretch given concerns over theft and the environment. Also NFTs don't allow the artists to have ownership of their work to any greater extent than they already do through existing copyright mechanisms, because they already own the rights to their work, can already sell copies through existing systems, and NFTs don't stop infinite reproducibility
 
Of course Crypto.com is perceived that way. You are living in a bubble if you think normal non-crypto users aren't reading that news and thinking it's dodgy.

The whole point of a sponsorship is to convince new users to come on board. You might think that it's not dodgy, but what about the casual Crows fan that has no idea what the service is? Quick Google search, oh they were hacked, no thanks, why did the Crows choose these guys? That's the perception issue.

The rest of your post is just the usual crypto enthusiast stuff. "Oh you don't understand" level stuff and pretending that people not so hot on it have done no research. You know it's possible to look into things and come to different conclusions right? I see you've even thrown in a few current day buzzwords in there like "metaverse" for good measure. I'm surprised you didn't sneak in "web3" and "blockchain".

As for the point specifically on NFTs, the technology behind NFTs is useless and amounts to an inefficient database. The actual technology doesn't help digitise art at all (NFTs don't "digitize" the art, as the art itself isn't even stored in the blockchain), and saying the art world loves NFTs is a bit of a stretch given concerns over theft and the environment. Also NFTs don't allow the artists to have ownership of their work to any greater extent than they already do through existing copyright mechanisms, because they already own the rights to their work, can already sell copies through existing systems, and NFTs don't stop infinite reproducibility
I suggest reading every post from bzparkes on the main board thread, he's far more articulate in his responses than me. You sound like someone that still goes into the bank for their transactions because they don't trust online banking.
 

Remove this Banner Ad

I suggest reading every post from bzparkes on the main board thread, he's far more articulate in his responses than me. You sound like someone that still goes into the bank for their transactions because they don't trust online banking.

Why is it that because I'm not a crypto enthusiast that I'm some sort of boomer luddite now? It's really a very typical response for some reason. I don't fully agree with everything related to crypto therefore I don't trust online banking? Come on now

I've made money trading in crypto, as I'm sure many people here have. But I'm not going to sit here pretending that everything related to it is awesome. There are some very major hurdles that the ecosystem needs to overcome before the vision matches the reality, and some aspects or offshoots from the technology are not useful (like NFTs).

My concerns relating specifically to this arrangement are the Crows being taken advantage of because crypto is a big "buzzword" these days. If they want to get into the space in a proper, serious way they need to be dealing with a reputable, reliable service with an impeccable public image to overcome the risk and PR issues. Not just blindly accepting cash from whoever has it right now.
 
Why is it that because I'm not a crypto enthusiast that I'm some sort of boomer luddite now? It's really a very typical response for some reason. I don't fully agree with everything related to crypto therefore I don't trust online banking? Come on now

I've made money trading in crypto, as I'm sure many people here have. But I'm not going to sit here pretending that everything related to it is awesome. There are some very major hurdles that the ecosystem needs to overcome before the vision matches the reality, and some aspects or offshoots from the technology are not useful (like NFTs).

My concerns relating specifically to this arrangement are the Crows being taken advantage of because crypto is a big "buzzword" these days. If they want to get into the space in a proper, serious way they need to be dealing with a reputable, reliable service with an impeccable public image to overcome the risk and PR issues. Not just blindly accepting cash from whoever has it right now.

To be fair, we would be in pretty esteemed company being taken for a ride - Formula One, Aston Martin, 76ers, PSG...
 
Why is it that because I'm not a crypto enthusiast that I'm some sort of boomer luddite now? It's really a very typical response for some reason. I don't fully agree with everything related to crypto therefore I don't trust online banking? Come on now

I've made money trading in crypto, as I'm sure many people here have. But I'm not going to sit here pretending that everything related to it is awesome. There are some very major hurdles that the ecosystem needs to overcome before the vision matches the reality, and some aspects or offshoots from the technology are not useful (like NFTs).

My concerns relating specifically to this arrangement are the Crows being taken advantage of because crypto is a big "buzzword" these days. If they want to get into the space in a proper, serious way they need to be dealing with a reputable, reliable service with an impeccable public image to overcome the risk and PR issues. Not just blindly accepting cash from whoever has it right now.
As I know you like reading a lot of threads on this forum, I highly recommend reading the current main board thread on this in full. It may not change your mind at all (and it probably won't), but at least you'll actually have done some research on it.
 
Umm… who gives a sh*t?

They are a sponsor. They pay us cash.

Why do people think any more than that, like the knuckle heads that didn’t like us getting sponsored by HJ’s because fat kids.

Because if they don't pay us the cash, we lose
 
As I know you like reading a lot of threads on this forum, I highly recommend reading the current main board thread on this in full. It may not change your mind at all (and it probably won't), but at least you'll actually have done some research on it.

There it is again, the assumption that because I don't agree with you, I've done no research. Weak stuff
 

🥰 Love BigFooty? Join now for free.

There it is again, the assumption that because I don't agree with you, I've done no research. Weak stuff
Not weak at all, your arguments on the topic read of a person that has read MSM media articles on crypto and formed an opinion from there. I've just offered you free advice to go read the posts from bzparkes, Bostonian and a few others in the main board thread, these are people that have done infinitely more research than even myself and have been in the space longer.
 
Not weak at all, your arguments on the topic read of a person that has read MSM media articles on crypto and formed an opinion from there. I've just offered you free advice to go read the posts from bzparkes, Bostonian and a few others in the main board thread, these are people that have done infinitely more research than even myself and have been in the space longer.

I could tell you right now that I've read them and nothing is news to me, and still have a different opinion, but somehow I don't think you'd believe me
 

Remove this Banner Ad

Crows Chat That 'Doesnt Deserve Its Own Thread' Thread part 2


Write your reply...

Remove this Banner Ad

🥰 Love BigFooty? Join now for free.

Back
Top