You mean, “took advantage of someone even more gullible”?
You mean, “took advantage of someone even more gullible”?
Like all ponzi schemes, you’re fine as long as you’re not the last in.
Football Weekly did a podcast on this recently. Well worth the listen as they have a few non footballing experts on to explain it all, particularly in a football context.
I think football leagues or clubs getting involved with NFT’s is dumb - that is just my opinion based on how I understand it all to work and what NFT’s are and what they ‘do’. Clubs and leagues have already been burnt by this, and just because something is deemed ’ a cool innovation’, it doesn’t mean that Sydney FC or the A-League need to be at the forefront (or even involved) in my opinion. It feels similar to chasing ‘Eurosnobs’… just because someone is into ‘something’, it does not mean that have interest in ‘your something’…
Just an example of corporate/ marketing FOMO really.
This is great, but dudes who worship cartoon apes and think it’s some new dawn has to be one of the more hilarious things the internet has shat out in quite some time.
On NFT’s? Really?
So blockchain is just a scifi concept that has been around for decades?
It always fun when they gets broken.
The money floating around in NFTs is insane. A lot of chains have their own NFTs of practically anything that people buy in early and then flip and trade their way up from. Much like stock traders in the 1980s/early 1990s, once in a generation there is an opportunity for people to game the system to make millions of dollars undeservedly and crypto is that thing now.
I assume Tony Sage gave Danny a crash course?
As for the “forefront of fan experience” I’d settle for our club sorting shit with Jubilee, no games being compromised by forced stoppages to pacify broadcasters, and existing A-League fans being able to find out when the games are actually on.
Pandering to crypto bro’s in the hopes they take an interest in the league is akin to ponying up for a London bus outside the ground when some fat scouser comes to town (still love you Robbie).
I dont get what having a receipt for a gif of milos jumping the advertising banner has to do with ‘fan experience’
Except its nothing like that at all, the 80s / 90’s market boom was through the creation of electronic market making, allowing automated transaction matching rather than the physical ‘pits’ that used to exist, making low volume transactions viable and opening up markets to ‘everyone else’ and the currencies and what was being traded was both highly regulated and backed by tangilbe real world assets to at least some degree, the markets were centralized and heavily regulated as well.
The crypto world is decentralized, utterly unregulated and what is being traded has zero intrinsic value, that’s not to say that traditional markets aren’t hugely problematic, but at least they have governance and control mechanisms.
It’s a lot more like the Dutch Tulip Bulb Bubble of the 17th century than the ‘Big Bang’ of the 80’s, and its likely to end the same way IMO, for every smart MarinerMick who cashed out his profit and is basically playing, there are 20 people who are all in and will be wiped out if and when the crash comes (or cryptocurrencies get regulated to death).
NFT’s have been ruined by their mainstream breakthrough being idiots using them for shitty ape pictures.
Excellent underlying tech, horrible implementation.
Yeah it’s a lot like the stock trading era when computer trading was introduced, a nascent market created through to technological advancement that isn’t that well understood. And yes also early trading wasn’t regulated and used all sorts of Financial law loopholes. So yeah it is a lot like that.
There were no changes to market rules or financial instruments, only to access and transaction creation, and the rules for markets in the 80’s are fundamentally the same as they are now, electronic trading was heavily regulated, the consequences were what was not well understood.
Club/League-issued NFTs are about as stupid and irrational as the entire universe of limited memorabilia, autographed shit, and even just plain merch.
If it makes some buyers happy and generates some revenue for the club/league, then all power to everyone involved.
Receipts for intangible goods paid for by unregulated, ungoverned pseudo-currency is a massive step down IMO, but I get your point.
Crypto, not NFTs
My comments were specifically about NFT’s. I have my doubts about the long-term viability of crypto too though and more and more scams seem to be surfacing, I think regulation is inevitable.
Melbourne City confirm Connor Metcalfe has signed a three-year contract with FC St. Pauli.
Connor will remain with the club and play out the remainder of the A-League season.
St Pauli becoming an Aussie club is great news.