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The crypto crisis has created an advertising vacuum

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Re: The crypto crisis has created an advertising vacuum

#101

Post by pcthrowaway »

bogota wrote: post #24
paulpauper wrote: post #10

Earlier quoted context omitted.

right now the decline still seems to be at a constant rate

Yea but not a constant percentage. A 50% in a month drop is much different than 10% drop of a much higher prices asset. Anyway i would bet 2 bitcoin that it will not be down another ten thousand in a month. However im not aware of any escrow that would hold btc for one party and usd for the other as im sure you don’t want to bet in btc if you think that asset is dropping. Not without using some derivatives on eth tha…

You can do this with a smart contract if you're willing to be exposed to wbtc and a stablecoin of your choice.

I wouldn't take the other side of this bet though, I'm long-term bearish BTC, but I don't think it will drop below $10,000 this month

Re: The crypto crisis has created an advertising vacuum

#102

Post by pg_bot »

chrismckleroy wrote: post #8

Curious how long the crypto.com arena will stay with that name, one year into the naming rights lease…

Terra/Luna made a 40 million dollar deal (cash up front) for 5 years of advertising with the Washington Nationals this February. The Nationals played 23 home games before they imploded.

Re: The crypto crisis has created an advertising vacuum

#103

Post by marcosdumay »

jmyeet wrote: post #52

My sincere hope is that this signals the death of crypto in popular culture. I'm sure it'll always have a niche but up until now and for the foreseeable future there aren't any actual useful mass use cases for crypto. The drop in crypto ad spend is an interesting (and meaningful) indicator of market sentiment. I'm thinking we won't be seeing 2023 Superbowl crypto.com ads. I could be wrong. There's what? 20,000 coins?…

If anything, the crypto craziness ensured that most governments create some secure non-discriminating money transfer system. I just hope more people getting scammed isn't necessary for those systems to get integrated internationally.

Re: The crypto crisis has created an advertising vacuum

#104

Post by dehrmann »

ditonal wrote: post #63
hn_throwaway_99 wrote: post #3

"And nothing of value was lost." This was one of the top voted posts in the Austin subreddit recently: https://old.reddit.com/r/Austin/comments/vmtmul/finally_some... Seriously, during other crashes, I remember thinking of the real negative externalities that happened during the crash, e.g. many economists have drawn lines to the current housing supply crunch due to underinvestment after the Great Recession. I don't…

Hacker News has gotten overwhelmingly anti-crypto to an extent it’s as bad an echo chamber as many pro-crypto echo chambers. People have such a hatred for crypto they are overjoyed to celebrate a crypto crash. They were annoyed people they disliked were getting rich and now feel “vindicated” the bubble is popping. But…have people actually looked around? Airbnb stock is down 80% in the last 6 months. Netflix, Twilio,…

> 2 year chart

That's a horrible timeframe to look at because you're really just looking at the covid economy. The 20% drop in the S&P 500 is the meaningful number for the broader economy.

Re: The crypto crisis has created an advertising vacuum

#105

Post by labrador »

hprotagonist wrote: post #73
labrador wrote: post #55

Earlier quoted context omitted.

No, I've lived in California my whole life. I figured "on" came from the East, but I've only heard it British shows. I've also picked up a term I really like from the Brits (I think it's them): "get things sorted", "get it sorted"

perhaps some of ours came west :)

We don't have as many East Coasters as Los Angeles, but yes that's true.

Re: The crypto crisis has created an advertising vacuum

#106

Post by cowtools »

loeg wrote: post #85
cowtools wrote: post #80

Earlier quoted context omitted.

are cryptocurrency supporters "literally hitler" now?

This is not responsive to my comment.

You're stating that there is a non-negotiable right and wrong, and that cryptocurrency is in-defensively wrong (e.g. "Literally Hitler"). I ask you to justify your position then.

Re: The crypto crisis has created an advertising vacuum

#107

Post by Animats »

There's something interesting about to happen. On July 6th, Otherside, the Bored Ape Yacht Club's metaverse, will have a load test. Everybody who bought NFTs for land in their metaverse gets to try to log in. The whole system is supposed to go live in mid-July.

Yuga Labs outsourced their metaverse to Animoca Brands and Improbable. Improbable has been working on scaling technology for very large multiplayer games for years. There have been working games (Worlds Adrift, Scavengers) using their technology. It does seem to work, although game devs say it's a pain to use.

But it's very expensive to run, because it requires a lot of servers and large amounts of communication between them to coordinate a big world with tens of thousands of players in one space. Originally it had to be run on Google's "cloud", and the game operator paid for every event that went to the servers. Three indy free to play games, and one rather nice-looking world (Nostos) from China, went live, got users, and went broke. Lesson: free to play not compatible with the server cost of this approach.

Otherside/BAYC is all people with lots of spending money. They all paid at least US$3000 to get in. Some paid much more. None of that "inclusive" stuff. So they've paid for the operating cost.

It's extroverted people; BAYC runs raves for them. It's people into FOMO. That's a very attractive customer pool to advertisers.

Re: The crypto crisis has created an advertising vacuum

#108

Post by labrador »

unclewalter wrote: post #86
brendoelfrendo wrote: post #44

Earlier quoted context omitted.

> When I was growing up in America, people said they "had to stand in line" but now they say "had to stand on line" Is this a generational/regional thing? I'm an East Coast millennial and I never hear people say "stand on line." The "in a minute" example I believe comes from AAVE, if it was present in The Wire it was probably common in the Baltimore lexicon long before that show hit HBO.

From Juba to Jive [0]: "In a minute (1980s-1990s) in the future, perhaps a month from the time said, but not immediately. (Southern city use)" [0] - Juba to Jive edited by Clarence Major

Fascinating. My white bread daughter who lives in the Sierra Nevada mountains used the term the other day with me on the phone so I know it's arrived

https://www.amazon.com/Juba-Jive-Dictionary-African-American...

Re: The crypto crisis has created an advertising vacuum

#109

Post by dehrmann »

divs1210 wrote: post #64
mjburgess wrote: post #50

A friendly reminder that crypto is negative-sum. If everyone who has taken money out returns it to everyone who has put money in, then there's a net loss. Why? Because money was taken out to pay the electric companies for mining, to the tune of 10-20Bn so far. Has that money generated real returns anywhere? Nope. Nothing was manufactured, created, or improved. The sum is negative. All past and present holders of cryp…

> Has that money generated real returns anywhere? Snowden and Navalny were funded via BTC.

Are they both in a Russian prison?

Re: The crypto crisis has created an advertising vacuum

#110

Post by yieldcrv »

AlexandrB wrote: post #87
yieldcrv wrote: post #35

Earlier quoted context omitted.

Rumors are swirling about USDC via Silvergate bank as well, which would be tragic and take down DAI too

The way DAI has been explained to me, this is not likely to happen unless USDC transactions are frozen entirely. Otherwise there's just going to be a flood of USDC collateral liquidations from DAI.

Yes that’s true, DAI should be able to handle mass liquidations very well. MIM has, and is similar technology

If USDC exchange rate fell due to crisis of confidence, liquidations will occur fine.

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