GME approves 4:1 stock split dividend.
(media.greatawakening.win)
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There is no new NFT, blockchain, and cryptocurrency space. Those things are all scams.
Yes, the way they are being used right now they are mostly all scams, especially NFTs.
However, the primary speculation is that GameStop’s NFT marketplace will allow people to sell games they’ve downloaded. It will also create a marketplace for people to buy and sell in-game items they’ve purchased. If your kid buys a $1,000 Fortnite skin now you have a way to resell it.
Yes it makes digital things more like physical items. Current digital goods are more like renting than owning.
None of that shit is real nor worth anything.
Yea so tell me about how people pay thousands for csgo stickers and skins. Just because you arent interested doesnt make it worthless
We’re in a roarin’ ‘20s right now. Back then people used to spend money on stupid shit too. But that all stopped very suddenly when the credit dried up and the markets went into freefall.
Enjoy the game of musical chairs. You might even make something. But when the music stops you’d better already be rid of that shit or it’s yours forever.
Because they're addicted like alcoholics/drug addicts.
Video games are certainly real. They typically are worth $60 when buying a new game.
In-game items aren’t worth anything to someone who doesn’t play video games or someone who doesn’t believe video games are real in the first place.
However, in-game items make up a huge percentage of revenue for video game developers. Activision, a developer of real video games, made $8.8 billion in revenue in FY 2021. $5.1 billion of that revenue came from microtransactions and in-game purchases.
Whether you want to admit it or not, in-game purchases are certainly worth a lot of money to people who play video games. Just because you find them worthless doesn’t mean they are worthless.
So if you want to believe the MSM narrative that GameStop is a failing brick and mortar company then that’s your decision. But I think we should all know by now not to trust the MSM.
People spent all kinds of money on stupid shit during the roarin' twenties, which period is analogous with the present time. When the free money finally dries up though, ALL money is directed towards necessities and bullshit like $1000 skins revert to their true value.
The only reason nonsense like this has value is because of all the liquidity being pumped into our economy. All of this has happened before, there is nothing new under the sun.
People place value on things. Even if it's a virtual item in the digital realm. Doesn't mean it's less "real" than physical items. Look how much money people are spending on in game items.
Quote:
"In 2020, global gaming audiences spent an approximate 54 billion U.S. dollars on additional in-game content."
Some video game producers are now moving to the model where their game is free due to this fact. The in-game content is where they make bank.
what if.. Loopring becomes gold backed. and GME forms a new stock exchange, using Loopring as the currency to trade stocks with. these are speculative thoughts. I do believe the rest of it is all scams, Trump never liked Crypto, it's just been used to counterfeit money
If you don't hold it, you don't own it.
If you hodl it, tendies will come.
It’s IMX bud. Buy it now at $1. Gonna be the next BITC!!
The big money that moves the markets comes from the big funds, not individuals like you and me.
THEY are not going to trade on anything other than the big exchanges. There are already many small exchanges, and they ignore them.
NFT= tokenized securities market on the first of its kind platform that allows investors to buy shares in a company with no middle man. Boom baby.
You can already do this. Corporations have no business being so big that we need to use this kind of technology to track shares. Bring back antitrust law and let a million competitors bloom.
You sound exactly like those articles saying the internet is just going to be a fad LOL
And you sound like people right before the .com crash who though anything at all to do with the internet would be huge.
Precious metals do the job better than crypto. In God we trust, not in cabal-produced software relying on encryption algorithms the cabal gave us from free running on a computer the cabal built running an OS the cabal built and sending all data on an internet the cabal controls.
What makes precious metals valuable? Their use in electronics and other things that the cabal produces? I agree most crypto is a scam. But decentralized finance is the future. No more middleman. Returning power to the people.
The same thing that makes crypto valuable (for now): people assigning it value.
Gold industrial use is negligible, its primary use by far is as a store of value. It simply has value because people think it does.
Silver, on the other hand, is half store of value, half essential industrial input. You are right that silver's value primarily comes from the latter. If people stopped using it as a store of value, it would still have value because of its industrial uses.
I think the important part comes from the relationship between the two. We've seen that the silver:gold ratio can't be stretched beyond 100:1, prices correct one way or another. It's presently at 90 and recently bounced down hard off of 120ish. Ultimately silver's scarcity and the constant demand for it for industrial uses will drive silver's price up (and the silver:gold ratio down towards its natural 16:1 or so). But if this happens, people who bought silver when it was worth 1/100th of gold will start buying gold now that their silver is worth 1/50th or 1/20th of gold. That'll reveal gold's scarcity, and the price of both will skyrocket.
There is no similar price suppression scheme in crypto, and thus no similar upward potential. The crypto schemes were all aimed at inflating crypto so "they" could pump it and dump it, and a part of the cluster of bubbles they blew has just popped (rest assured, "they" dumped well in advance of that happening).
That's metals. The ideal form is metal coinage, giving every citizen the choice to bank (and trade in bank tickets in lieu of metal coinage and risk their bank going tits up but gain convenience in exchange) or store your wealth yourself and bear full responsibility for keeping it safe.
Under metallic money, we exist in a state of constant deflation, as natural improvements in efficiencies and technologies lead to ever lower costs for the same product. This rewards savers, who see their socked-away funds buy ever more. Back when things operated in this way, saving was a "nest egg." Cheaper metals are conscripted into currency duty as the more expensive ones become too valuable for day-to-day commerce, and so coinage goes from gold to silver to copper to nickel, and so on.
Under our current system, all benefits of improving efficiencies and technologies accrue to the banks, not to the people who had the foresight and capacity to save. There is no benefit to saving because their money printing artificially devalues money. The only way forward is to borrow, and the only way to borrow is to be a good slave.
But Al Gore invented the internet.
You know nothing about NFTs and how they will work with things like Music, Video games, etc.
NFT is not just for a picture.
And you are used to living under monopolies who’ve perverted your idea of what IP law is for. When the monopolies are gone there will be no demand for it.
If so, I don't mind. At least I was involved in helping expose the corruption on wall street who fund the cabal.
All of us were. I went balls deep on real estate the last 20 years, but in the end, a house worth $400k is actually worth maybe $30k, the high prices are fake, caused by money printing for low rate mortgages. They now intend to hike the rates and the banks end up owning half the country through foreclosure. All my investment activity, all those weekends fixing up houses, it was all just helping them achieve this end.
Farmland is the only good play in land, and precious metals in particular and commodities in general may be the best escape hatch out of this crashing economy.