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Visa Buys CryptoPunk #7610

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11–20 of 138 posts

Re: Visa Buys CryptoPunk #7610

#11
post #5

Earlier quoted context omitted.

Yeah I’m just saying out of principle it seems like a ridiculous move.

It’s called brand marketing. Here we are talking about it.

It could be seen as legitimizing crypto as money, which represents an existential threat to VISA's entire business model.

Re: Visa Buys CryptoPunk #7610

#14
Somewhere, a CryptoKitties owner is crying.

Andy Warhol's Marilyn artwork isn't anything interesting for me, but it's clearly represents a point in art history. I can't value NFT's as long as they're digital only, non-fungibility does not create value all by itself IMO, but I understand the historical aspects of a CryptoPunk. So Visa is the first to do it in corporate world and that's a thing, but anyone following won't get the historical mention, Visa gets that.

Re: Visa Buys CryptoPunk #7610

#15
Well, congratulations to those NFT scammers, it finally paid off. They got their Whale. The entire game of pumping up NFTs to try and pass them off as a useful tool that'll see widespread adoption has finally paid out. This is a small sum of money for Visa to throw away, but this creates a fantastic permission structure for unsophisticated investors to throw away their life savings on a set of worthless e-certificates. Time for me to start minting NFTs to represent ownership of plots of land on Alpha-Centauri.

Re: Visa Buys CryptoPunk #7610

#16
post #5

Earlier quoted context omitted.

Yeah I’m just saying out of principle it seems like a ridiculous move.

It’s called brand marketing. Here we are talking about it.

Who is their target market exactly?

IME (at least in Europe) you get either Visa or Mastercard depending on what your bank uses, and I don't think there are any differences.

Re: Visa Buys CryptoPunk #7610

#17
post #14

Somewhere, a CryptoKitties owner is crying. Andy Warhol's Marilyn artwork isn't anything interesting for me, but it's clearly represents a point in art history. I can't value NFT's as long as they're digital only, non-fungibility does not create value all by itself IMO, but I understand the historical aspects of a CryptoPunk. So Visa is the first to do it in corporate world and that's a thing, but anyone following wo…

It seems strange to state in one paragraph both that (a) art can have value simply because it represents a point in art history and that (b) NFTs can't hold value as long as they're digital-only. Because, there's nothing about being digital-only which makes it so that they cannot represent a point in art history.

Re: Visa Buys CryptoPunk #7610

#18
post #15

Well, congratulations to those NFT scammers, it finally paid off. They got their Whale. The entire game of pumping up NFTs to try and pass them off as a useful tool that'll see widespread adoption has finally paid out. This is a small sum of money for Visa to throw away, but this creates a fantastic permission structure for unsophisticated investors to throw away their life savings on a set of worthless e-certificate…

Would you mind explaining your comment a bit more? NFT "scammers" have made a lot of money recently, and this purchase doesn't at first glance seem such a great moment.

Re: Visa Buys CryptoPunk #7610

#19
post #15

Well, congratulations to those NFT scammers, it finally paid off. They got their Whale. The entire game of pumping up NFTs to try and pass them off as a useful tool that'll see widespread adoption has finally paid out. This is a small sum of money for Visa to throw away, but this creates a fantastic permission structure for unsophisticated investors to throw away their life savings on a set of worthless e-certificate…

Bitcoin crossed 50k (again), US senators are debating cryptocurrency regulation as part of historical legislation, and major global companies like Visa are making moves in the space. Is it possible the HN decade-long dismissal of crypto and blockchain has been totally wrong? Or is HN just a tiny minority of people who are simply smarter and wiser than the US government, Fortune 100 corporations, and hundreds of millions of people who own crypto?

Re: Visa Buys CryptoPunk #7610

#20
post #19
post #15

Well, congratulations to those NFT scammers, it finally paid off. They got their Whale. The entire game of pumping up NFTs to try and pass them off as a useful tool that'll see widespread adoption has finally paid out. This is a small sum of money for Visa to throw away, but this creates a fantastic permission structure for unsophisticated investors to throw away their life savings on a set of worthless e-certificate…

Bitcoin crossed 50k (again), US senators are debating cryptocurrency regulation as part of historical legislation, and major global companies like Visa are making moves in the space. Is it possible the HN decade-long dismissal of crypto and blockchain has been totally wrong? Or is HN just a tiny minority of people who are simply smarter and wiser than the US government, Fortune 100 corporations, and hundreds of milli…

I’m genuinely agnostic on your question, either of those possibilities strike me as roughly equally plausible.
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