ALK Capital or Farnell/Elkashashy takeover
Re: ALK Capital or Farnell/Elkashashy takeover
I see the Burnley FC Women accounts have been filed. I would assume the others aren't far behind (with 30 April being the deadline).
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Re: ALK Capital or Farnell/Elkashashy takeover
accounts for a dormant company - it appears all cost ate going on to the Holding Company
Re: ALK Capital or Farnell/Elkashashy takeover
When the EPL sort out the NFT licence, the income should be enormous. The NFT fantasy football platform SoRare still discussing a $600m deal for PL rights, they wont be exclusive rights either so other bidders will be forking out a fortune for similar rights. Update expected pretty imminent i'd assume.
Will most of that 600 million go to the clubs?
Will most of that 600 million go to the clubs?
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Re: ALK Capital or Farnell/Elkashashy takeover
I imagine the majority would go to the players for the rights to use there names/images etc…?KRBFC wrote: ↑Thu Apr 28, 2022 5:41 pmWhen the EPL sort out the NFT licence, the income should be enormous. The NFT fantasy football platform SoRare still discussing a $600m deal for PL rights, they wont be exclusive rights either so other bidders will be forking out a fortune for similar rights. Update expected pretty imminent i'd assume.
Will most of that 600 million go to the clubs?
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Re: ALK Capital or Farnell/Elkashashy takeover
Have you seen the recent market for NFT's in football - The Premier League like to get fixed sums assured - no NFT provider in their right mind should be offering $600m over 3 years in the current market as a guaranteed incomeKRBFC wrote: ↑Thu Apr 28, 2022 5:41 pmWhen the EPL sort out the NFT licence, the income should be enormous. The NFT fantasy football platform SoRare still discussing a $600m deal for PL rights, they wont be exclusive rights either so other bidders will be forking out a fortune for similar rights. Update expected pretty imminent i'd assume.
Will most of that 600 million go to the clubs?
Re: ALK Capital or Farnell/Elkashashy takeover
What do you mean the recent NFT market in football?Chester Perry wrote: ↑Thu Apr 28, 2022 6:18 pmHave you seen the recent market for NFT's in football - The Premier League like to get fixed sums assured - no NFT provider in their right mind should be offering $600m over 3 years in the current market as a guaranteed income
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Re: ALK Capital or Farnell/Elkashashy takeover
Liverpool sold less than 10% of theirs and prices collapsed on the ones that were sold
plenty of evidence that NFT's only work in volume sales (like Fan tokens) when partnered with crypto currency and then only for pump and dump speculators - the majority end up getting stung
Re: ALK Capital or Farnell/Elkashashy takeover
The SoRare market is booming still, it's not just a picture, it's a card used to win more cards in fantasy football style contests. Haaland's unique (1/1 print) sold for close to a million dollars. The NFT space in general is complete horse shite, the play to earn game SoRare is the very very best. Already has full exclusive licencing for huge leagues like the La Liga, Bundesliga, MLS and more.Chester Perry wrote: ↑Thu Apr 28, 2022 6:33 pmLiverpool sold less than 10% of theirs and prices collapsed on the ones that were sold
plenty of evidence that NFT's only work in volume sales (like Fan tokens) when partnered with crypto currency and then only for pump and dump speculators - the majority end up getting stung
Re: ALK Capital or Farnell/Elkashashy takeover
Here's SoRare
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Re: ALK Capital or Farnell/Elkashashy takeover
hmmm - interesting piece in the Athletic late last year -link takes you to an archive to bypass the paywall
Sorare: ‘An unregulated timebomb’ or a fantasy game that will revolutionise football?
https://archive.ph/9q6F1
Sorare: ‘An unregulated timebomb’ or a fantasy game that will revolutionise football?
https://archive.ph/9q6F1
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Re: ALK Capital or Farnell/Elkashashy takeover
I will stick by what I said about speculators and bump and dumpChester Perry wrote: ↑Thu Apr 28, 2022 7:21 pmhmmm - interesting piece in the Athletic late last year -link takes you to an archive to bypass the paywall
Sorare: ‘An unregulated timebomb’ or a fantasy game that will revolutionise football?
https://archive.ph/9q6F1
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Re: ALK Capital or Farnell/Elkashashy takeover
there are other issues too with SoRare
Soccer NFT Platform Sorare Is Being Investigated by UK Gambling Regulator
https://www.coindesk.com/business/2021/ ... regulator/
Ajax Footballers Reportedly Trade Sorare NFT Cards On Insider – Ledger Insights
https://ft7ball.com/ajax-footballers-re ... -insights/
and there are also the aforementioned Crypto-currency links - Ethereum in this case
Soccer NFT Platform Sorare Is Being Investigated by UK Gambling Regulator
https://www.coindesk.com/business/2021/ ... regulator/
Ajax Footballers Reportedly Trade Sorare NFT Cards On Insider – Ledger Insights
https://ft7ball.com/ajax-footballers-re ... -insights/
and there are also the aforementioned Crypto-currency links - Ethereum in this case
Re: ALK Capital or Farnell/Elkashashy takeover
Joey D'urso is clowned by the SoRare userbase, he's so anti crypto he doesn't even bother to research. For example he wrote an article about Ajax players buying their own teammate cards for profit, the Dutch cup IS NOT scored on SoRare so the prices aren't suddenly rising based around cup lineups (which he simply didn't know)Chester Perry wrote: ↑Thu Apr 28, 2022 7:22 pmI will stick by what I said about speculators and bump and dump
He also claimed multiple people were affiliates which was fake news, everyone has a referral link, completely different to being an affiliate.
The UK gambling commission are also pretty useless, what did they do to prevent the collapse of Football Index? where users lost millions while the commission stood by and watched.
I'd think twice before believing fake news agenda pushing articles by the same uninformed journalist. SoRare has been around for years, their model is down to a tee, you really think it's a pump and dump when they've forked out fortunes for official league licencing? got investors like Serena Williams, and raised 700m in series B funding. SoRare was valued at over 4 billion dollars.
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Re: ALK Capital or Farnell/Elkashashy takeover
It looks like and sounds like a Ponzi scheme, and there is nothing to suggest it isn't
Re: ALK Capital or Farnell/Elkashashy takeover
Not at all, they are not giving you cash/crypto prizes (apart from very few and little), so the cost of rewards to them is 0 (well apart from GAS fees per card).Lancasterclaret wrote: ↑Thu Apr 28, 2022 7:46 pmIt looks like and sounds like a Ponzi scheme, and there is nothing to suggest it isn't
Re: ALK Capital or Farnell/Elkashashy takeover
It's a highly complex sustainable model they've got going where they have full control over demand/supply of cards, there's tweaks and changes they can make for both (such as add secondary market fees, raise/lower reward of cards, raise/lower auction volume of any card/scarcity, add/remove new weekly tournaments with different requirements to change demand for X).
They aren't guaranteeing anyone a return, they aren't paying out in cash/crypto so they're making money from auctions and redistributing a percentage of cards as rewards. Those cards can then be used/traded/sold, those cards cost next to nothing for them to give out. The card price is determined by scarcity and their eligibility for certain leagues with certain prizes.
It's a highly difficult thing to explain to someone simply writing it off after reading a fake news article by an anti crypto uneducated journo. There's a reason they're in talk for a 600 million deal with the Premier League, just signed the full exclusive deal with the SPL and MLS and have leagues like Bundesliga, Ligue 1, La Liga, Eredvisie all signed up.
4 billion dollar valuation doesn't come from a quick scam, nor does ''pump and dump'' apply, it's been over 2 years going, they don't need to dump anything, their model means they will forever be making money regardless of what happens to the userbase size wise. Why dump? and what do you even mean dump? dump all of the supply? well that just lessens demand and kills the market, wouldn't be a smart way to run a billion dollar business making an absolute fortune every month.
They aren't guaranteeing anyone a return, they aren't paying out in cash/crypto so they're making money from auctions and redistributing a percentage of cards as rewards. Those cards can then be used/traded/sold, those cards cost next to nothing for them to give out. The card price is determined by scarcity and their eligibility for certain leagues with certain prizes.
It's a highly difficult thing to explain to someone simply writing it off after reading a fake news article by an anti crypto uneducated journo. There's a reason they're in talk for a 600 million deal with the Premier League, just signed the full exclusive deal with the SPL and MLS and have leagues like Bundesliga, Ligue 1, La Liga, Eredvisie all signed up.
4 billion dollar valuation doesn't come from a quick scam, nor does ''pump and dump'' apply, it's been over 2 years going, they don't need to dump anything, their model means they will forever be making money regardless of what happens to the userbase size wise. Why dump? and what do you even mean dump? dump all of the supply? well that just lessens demand and kills the market, wouldn't be a smart way to run a billion dollar business making an absolute fortune every month.
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Re: ALK Capital or Farnell/Elkashashy takeover
I posted this last year on the MMT thread - i am not seeing any changes to the balance, and with that many speculators people are going to get hurt, some badly.
Chester Perry wrote: ↑Mon Aug 16, 2021 2:43 pmFor the record I am very cautious about NFT's for sports - particularly in the realm of fan engagement, like almost everything else it is largely an arena for speculators - in fact so quickly did they come into the marketplace that it seems like it was created for speculators rather than fans.
This article from Sportico.com talks to a couple of McKinsey consultants about the market for Sports based NFT
McKinsey Analysis: Despite Slump, Sports NFTs Aren’t Going Away
BEN VONWILLER AUGUST 13, 2021
Today’s guest columnists are Dan Singer and Ben Vonwiller of McKinsey & Company.
The NFT skeptics are running a victory lap: Weekly sales of sports NFTs peaked at $138 million in February 2021 and have since declined by about 90%. Art NFTs have followed a similar pattern, peaking at $149 million and dropping to around $25 million per week. Online NFT forums (such as “NBA Top Shot Collectors” on Facebook) abound with remorse.
However, over the same time period, the monthly purchases of sports NFTs have grown by 19%. And our analysis of who is buying (and why) suggests that the sports NFT market is here to stay as a powerful medium for fan engagement.
From our research, which included an April survey of 2,500 U.S. consumers aged 18-65, we estimate that 0.5% to 1% of U.S. adults have bought a sports NFT so far, and another 5% are highly interested. If all of this segment were to spend $205 per year (the median self-reported figure in our survey), the sports NFT market would reach $2.5 billion from U.S. buyers alone.
Our research found that more than half of sports NFT buyers (accounting for almost two-thirds of the spending) are speculators and technology lovers. However, two additional segments of sports NFT buyers, who are more similar to traditional card collectors, account for close to half of the market.
- Speculators (35% of sports NFT buyers) are interested because they like buying and selling NFTs, negotiating deals and enjoying the “sweat” (i.e. the thrill of ripping open an NFT pack). They also trust the security of NFTs (“no issues with authenticity, grading, or condition”). NFTs virtually eliminate the risk of counterfeiting, which is a persistent problem in cards and collectibles.
- Tech-lovers (22%) are excited about the blockchain and cryptocurrency and consider themselves to be on the cutting edge.
The price gyrations in the NFT market are of little concern to these last two segments. For example, just 7% of Community fans say they like the thrill of ripping a pack, and only 14% say they enjoy speculating on the value of NFTs. Only 14% of the Collectors say they are interested in blockchain technology.
- Collectors (20%) appreciate the artistry of NFTs and building out/displaying their collections.
- The Community segment (24%) likes sports NFTs as a means of getting more involved in their favorite sports and spending time with friends who share their interest.
Today’s sports NFT buyers (similar to trading card collectors) are avid participants in many other forms of investing, gaming and trading. For example, they participate in stock and option trading, fantasy sports, sports betting and casino gambling at rates 3 to 5 times higher than other U.S. adults. Yet to our surprise, few sports NFT buyers (aside from the tech-lovers) have ever bought other blockchain assets:
- Only 39% of the Collectors, 28% of the Community segment, and 41% of the Speculators have bought cryptocurrency.
Sports NFTs have a lot in common with other forms of collecting, gaming and investing, but our segments see the similarities in completely different ways:
- Only 13% of sports NFT buyers have bought an art NFT.
- Collectors think sports NFTs are most similar to trading cards and memorabilia.
- The Community segment sees them as similar to trading cards and virtual goods in video games.
- Speculators see sports NFTs as a new form of sports betting.
NFTs are like a Rorschach test for sports fans. Their ability to appeal simultaneously to four different segments is a signal of their potential appeal to a broad swath of sports fans, regardless of whether prices rebound.
- Tech-lovers consider sports NFTs to be just another crypto asset.
Similar to sports betting, the top 10% of sports NFT buyers account for 67% of the total spend. These whales over-index for interest in blockchain, and they see sports NFTs as a way to “make a lot of money.” Whales are also more bullish: They are three times as likely to say they plan to participate long-term, and 42% of whales expect the NFT market to be “hugely popular” in the future. Only 5% of whales say sports NFTs are “a short-term fad” vs. 22% for other sports NFT buyers.
Many trading card collectors have been notably reluctant to embrace NFTs, but some may eventually be won over. For instance, 25% said they rejected sports NFTs because they are “too expensive,” but now that the average price has dropped so much, they may change their minds.
For their part, many sports NFT buyers see advantages over trading cards, with 59% trusting “the security of NFTs more than physical cards and memorabilia.” However, 62% of those who buy both NFTs and trading cards say they will increase their spend on trading cards in the next year, and only 4% plan to decrease it. Therefore, we see minimal cannibalization risk so far.
NFT buyers are interested in a broad array of sports and leagues, eight of which appeal to at least 30% of NFT buyers. While the NFL has the largest U.S. fan base, its fan interest in NFTs lags behind NBA fans (possibly because of Top Shot’s head start in the market). NCAA, soccer and NHL all over-index for NFTs, perhaps due to their younger fan bases.
NFTs also appear to be strengthening the connections between fans and their favorite sports, with 86% of buyers saying that owning sports NFTs makes them even bigger fans.
The strong interest in established leagues’ digital memorabilia offers further evidence that sports NFTs are more than just another boom-and-bust cryptocurrency fad. We had assumed buyers would be skeptical about any centralized control over the creation and sale of sports NFTs, because cryptocurrency enthusiasts tend to distrust institutions. (For example, 59% of the sports NFT Tech-lovers say they “don’t trust the government to manage currency.”) But we were wrong:
- Two-thirds “prefer buying sports NFTs from official league websites/platforms.”
Despite the well-publicized issuance of non-league-approved “ambush” NFTs by famous athletes (such as Rob Gronkowski and Patrick Mahomes), it appears fans prefer the assurance of scarcity and authenticity associated with league licenses.
- 59% “think official sports NFTs (i.e. those licensed by leagues and players associations) are more valuable than other sports NFTs.”
The majority of sports NFT buyers are also excited about other blockchain-enabled experiences, including:
- virtual ticket stubs (63%)
- collectible digital merchandise, such as virtual team jerseys (61%)
Even card collectors who have rejected NFTs showed interest in free collectibles bundled with a ticket (30%).
- the chance to win a rare moment from live events they have attended (66%)
Notwithstanding the boom-and-bust cycle of NFT prices so far, we see proven, growing fan interest in the category. Sports NFTs are tapping into the emotions and attachment of traditional fandom, with ample opportunity for additional innovation.
For example, Sorare has created a fantasy game for soccer, using NFTs of leading EU players. Socios has used the blockchain to create “fan tokens” for pro clubs. These tokens trade like stocks and enable fans to vote on club decisions such as the new goal celebration song for Juventus or to access VIP rewards from Manchester City. Lionel Messi’s recent signing bonus included PSG fan tokens, which tripled in value on news of his joining the club. MLB just announced its NFT partnership with Candy Digital, led by Fanatics founder Michael Rubin, which could take NFTs in the direction of virtual team jerseys or flash sales. Turner Sports created basketball-themed NFTs for the NBA All-Star game in March—they could bundle NFTs with OTT subscriptions.
All of which indicates that sports NFTs are a movement, not a meme.
Singer and Vonwiller lead McKinsey & Company’s global sports and gaming practice. The authors are grateful to Kenny Gersh for his guidance and Brett Jacobs, Erik Johnson and Geoff Silver for their research and analysis for this article.
Re: ALK Capital or Farnell/Elkashashy takeover
I agree with you though, the NFT space is a joke and will largely collapse. People paying ridiculous money for simply digital photos they can do nothing with, SoRare is very much an exception. UTILITY is absolutely king. A absolute genius genius model SoRare have, it's mind blowing innovation really.Chester Perry wrote: ↑Thu Apr 28, 2022 8:28 pmI posted this last year on the MMT thread - i am not seeing any changes to the balance, and with that many speculators people are going to get hurt, some badly.
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Re: ALK Capital or Farnell/Elkashashy takeover
What’s the saying about a fool and their money.Lancasterclaret wrote: ↑Thu Apr 28, 2022 7:46 pmIt looks like and sounds like a Ponzi scheme, and there is nothing to suggest it isn't
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Re: ALK Capital or Farnell/Elkashashy takeover
we also have to consider what that Ajax thing will do in the online betting markets - they may seem unrelated but it is a clear signal to that field of opportunity and can have severe consequences - we know footballs concern with inside info and gambling and info sharing etc
Re: ALK Capital or Farnell/Elkashashy takeover
A fool would dismiss something without educating themselves first, I've been on SoRare for over 6 months, was sceptical at first when I saw ''NFT'', I took a few months evaluating, researching and watching the platform closely. You wont hear me praise another NFT platform or anything to do with NFT. SoRare is revolutionary, mix Panini stickers/cards with Fifa Ultimate Team and fantasy football, it's a truly genius and the business model of rewarding cards not money means the company will always be sustainable.
If you're a football fan, I highly highly recommend you take 1 hour out of your day to do some research of how the platform works (and that doesn't involve reading biased articles by 1 person). It's the future of gaming imo.
Re: ALK Capital or Farnell/Elkashashy takeover
The first 4 players I bought
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Re: ALK Capital or Farnell/Elkashashy takeover
laten we gaan Alkmaar
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Re: ALK Capital or Farnell/Elkashashy takeover
I did wonder at that.Chester Perry wrote: ↑Thu Apr 28, 2022 5:18 pmaccounts for a dormant company - it appears all cost ate going on to the Holding Company
I suspect they'll probably go through the football club but regardless they'll be absolutely minimal.
Re: ALK Capital or Farnell/Elkashashy takeover
That's a battle that will be fought very soon.Newcastleclaret93 wrote: ↑Thu Apr 28, 2022 5:43 pmI imagine the majority would go to the players for the rights to use there names/images etc…?
Lots of disputes going on whether signing deals with leagues or clubs give the right to players.
Many contracts give rights to use multiple players but not individual players for instance and this gets ignored.
Re: ALK Capital or Farnell/Elkashashy takeover
Ponzi top trumps.Lancasterclaret wrote: ↑Thu Apr 28, 2022 7:46 pmIt looks like and sounds like a Ponzi scheme, and there is nothing to suggest it isn't
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Re: ALK Capital or Farnell/Elkashashy takeover
Muslims have a rule of law, fiqh al muamalat, which governs Islamic finance.
One aspect of it is riba, which essentially relates to usury and suggests that the further money gets from the material source it purports to represent the more likely you are to have problems. I think of that when pondering the .com bubble crash or the lending crisis of 2008 onwards.
As we Northerners say where there is muck there is brass. If thee can't see t'muck tha likely lose thee brass.
One aspect of it is riba, which essentially relates to usury and suggests that the further money gets from the material source it purports to represent the more likely you are to have problems. I think of that when pondering the .com bubble crash or the lending crisis of 2008 onwards.
As we Northerners say where there is muck there is brass. If thee can't see t'muck tha likely lose thee brass.
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Re: ALK Capital or Farnell/Elkashashy takeover
Ah, we are at the "Do your own research, like I have" stage of the debate on NFTs
Jolly good
Jolly good
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Re: ALK Capital or Farnell/Elkashashy takeover
Does anybody else ever wonder what LancasterClarets specialist subject would be on Mastermind…..seeing as he’s a bar room expert in every single bloody subject known to man?
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Re: ALK Capital or Farnell/Elkashashy takeover
Not all NFTS are useless like you seem to be suggesting. Ones with utility will sustain value.Lancasterclaret wrote: ↑Fri Apr 29, 2022 7:22 amAh, we are at the "Do your own research, like I have" stage of the debate on NFTs
Jolly good
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Re: ALK Capital or Farnell/Elkashashy takeover
World War II - Pacific regionarise_sir_charge wrote: ↑Fri Apr 29, 2022 7:55 amDoes anybody else ever wonder what LancasterClarets specialist subject would be on Mastermind…..seeing as he’s a bar room expert in every single bloody subject known to man?
I know a lot about history, a lot about road/sea freight and and I can hold my own in a conversation about football
Thats it
I'll talk about history all the time if I can get away with it!
I'm sorry for annoying you, but I don't like it when people use message boards to spread their own versions of stuff, without backing it up with facts and links and I especially don't like internet trolls doing it when they clearly don't have a scooby doo about what they are talking about
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Re: ALK Capital or Farnell/Elkashashy takeover
I'll bear that in mind, but I think I'll avoid them if that is okay with you!Newcastleclaret93 wrote: ↑Fri Apr 29, 2022 7:57 amNot all NFTS are useless like you seem to be suggesting. Ones with utility will sustain value.
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Re: ALK Capital or Farnell/Elkashashy takeover
I feel quite upset about this - they are as rude to you as they are to me.Lancasterclaret wrote: ↑Fri Apr 29, 2022 9:05 amWorld War II - Pacific region
I know a lot about history, a lot about road/sea freight and and I can hold my own in a conversation about football
Thats it
I'll talk about history all the time if I can get away with it!
I'm sorry for annoying you, but I don't like it when people use message boards to spread their own versions of stuff, without backing it up with facts and links and I especially don't like internet trolls doing it when they clearly don't have a scooby doo about what they are talking about
I don't feel special anymore...!
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Re: ALK Capital or Farnell/Elkashashy takeover
Avoid them as long you want. They will soon be mainstream and I suspect even your season ticket will eventually become an NFTLancasterclaret wrote: ↑Fri Apr 29, 2022 9:07 amI'll bear that in mind, but I think I'll avoid them if that is okay with you!
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Re: ALK Capital or Farnell/Elkashashy takeover
Oh, I've had a lot worse than that (and that isn't that bad)ClaretPete001 wrote: ↑Fri Apr 29, 2022 9:08 amI feel quite upset about this - they are as rude to you as they are to me.
I don't feel special anymore...!
Its an internet message board, and I have fairly strong opinions on stuff that quite a lot of folk don't agree with, so I expect people to react badly to that
I think with all that is going on with the world (and BFC) at the moment, its good that people have an outlet to vent their frustrations on, and this is as good a place as any for that
Anyone who really annoys or is an obvious troll just gets blocked these days, its far easier to deal with
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Re: ALK Capital or Farnell/Elkashashy takeover
What is your expertise again mate?Newcastleclaret93 wrote: ↑Fri Apr 29, 2022 9:11 amAvoid them as long you want. They will soon be mainstream and I suspect even your season ticket will eventually become an NFT
I remember saying you used to work for a cinema building firm in the Middle East, but now you are an NFT/crypto type person?
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Re: ALK Capital or Farnell/Elkashashy takeover
Yep that’s my trade, but I’ve been heavily into crypto for over two years now. I started the crypto thread last year.Lancasterclaret wrote: ↑Fri Apr 29, 2022 9:15 amWhat is your expertise again mate?
I remember saying you used to work for a cinema building firm in the Middle East, but now you are an NFT/crypto type person?
I’m not an expert at all, but there are crypto/ NFT experts out there that have confirmed this.
Why do you think Burnley football club has partnered with two separate crypto company’s. One of which is an NFT firm.
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Re: ALK Capital or Farnell/Elkashashy takeover
I think lots of football clubs have, and I'm staying well clear of both crypto and NFTs until I know a lot more about themNewcastleclaret93 wrote: ↑Fri Apr 29, 2022 9:20 amYep that’s my trade, but I’ve been heavily into crypto for over two years now. I started the crypto thread last year.
I’m not an expert at all, but there are crypto/ NFT experts out there that have confirmed this.
Why do you think Burnley football club has partnered with two separate crypto company’s. One of which is an NFT firm.
I think it would be very easy to get sucked into making a bad investment decision with stuff like this (and anything you don't know enough about to be fair) and its 100% an area that I'm not interested in or wanting to invest in
But its certainly interesting to read about what football clubs hope (or think) they can make out of it
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Re: ALK Capital or Farnell/Elkashashy takeover
Bartering created modern society. Once humans could grow grain and create surplus it allowed some people to trade the excess and employ people like soldiers who could then take land off others and create even more surplus.Newcastleclaret93 wrote: ↑Fri Apr 29, 2022 9:20 amYep that’s my trade, but I’ve been heavily into crypto for over two years now. I started the crypto thread last year.
I’m not an expert at all, but there are crypto/ NFT experts out there that have confirmed this.
Why do you think Burnley football club has partnered with two separate crypto company’s. One of which is an NFT firm.
Once the logistics of barter became too onerous we developed money and now we have plastic cards.
Pretty soon we will have AI and facial recognition and have no need for cards.
What do NFTs bring to the party or my favourite thing...what is the business proposition other than early entrant novelty?
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Re: ALK Capital or Farnell/Elkashashy takeover
100% I don’t think anyone should invest into crypto without being fully aware they could lose it all.Lancasterclaret wrote: ↑Fri Apr 29, 2022 9:25 amI think lots of football clubs have, and I'm staying well clear of both crypto and NFTs until I know a lot more about them
I think it would be very easy to get sucked into making a bad investment decision with stuff like this (and anything you don't know enough about to be fair) and its 100% an area that I'm not interested in or wanting to invest in
But its certainly interesting to read about what football clubs hope (or think) they can make out of it
It does create a moral question for the owners, I personally see the crypto space as a type of gambling (high risk, high reward). Given they have made it clear gambling is against there religious view (does that mean crypto is?)
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Re: ALK Capital or Farnell/Elkashashy takeover
It is completely unregulated isn't it?Newcastleclaret93 wrote: ↑Fri Apr 29, 2022 9:36 am100% I don’t think anyone should invest into crypto without being fully aware they could lose it all.
It does create a moral question for the owners, I personally see the crypto space as a type of gambling (high risk, high reward). Given they have made it clear gambling is against there religious view (does that mean crypto is?)
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Re: ALK Capital or Farnell/Elkashashy takeover
For now it is yes
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Re: ALK Capital or Farnell/Elkashashy takeover
So you could lose everything and there is absolutely no comeback?
That is both crypto and NFTs?
Re: ALK Capital or Farnell/Elkashashy takeover
Yeah. You should watch the new Netflix documentary ‘Trust No one: The hunt for the Crypto King’. People lost their life savings. It’s actually a fascinating watch.Lancasterclaret wrote: ↑Fri Apr 29, 2022 9:51 amSo you could lose everything and there is absolutely no comeback?
That is both crypto and NFTs?
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Re: ALK Capital or Farnell/Elkashashy takeover
Yes that’s why it is critical people do heavy research before investing.Lancasterclaret wrote: ↑Fri Apr 29, 2022 9:51 amSo you could lose everything and there is absolutely no comeback?
That is both crypto and NFTs?
I have lost money in crypto by not researching, but I have also made more than I ever thought possible.
My personal opinion is that 80% of crypto is not great. But that 20% could revolutionise finance and the internet.
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Re: ALK Capital or Farnell/Elkashashy takeover
Why is that 20% different from the other 80%?Newcastleclaret93 wrote: ↑Fri Apr 29, 2022 10:19 amYes that’s why it is critical people do heavy research before investing.
I have lost money in crypto by not researching, but I have also made more than I ever thought possible.
My personal opinion is that 80% of crypto is not great. But that 20% could revolutionise finance and the internet.
(obviously in as simple terms as possible please!)
Re: ALK Capital or Farnell/Elkashashy takeover
What do you mean with links and facts? I've just broken down the entire business model, it's easily available for you to research yourself. I've been deep in SoRare for over 6 months as a user and viewer, I'm not sure how you can say I ''don't have a scooby doo what I'm talking about'' on this subject, nor do I see how you would be in a position to judge that.Lancasterclaret wrote: ↑Fri Apr 29, 2022 9:05 am
I'm sorry for annoying you, but I don't like it when people use message boards to spread their own versions of stuff, without backing it up with facts and links and I especially don't like internet trolls doing it when they clearly don't have a scooby doo about what they are talking about