I thought "ah maybe they're saying scarce digital assets, because they don't wanna be conflated with NFT pyramid schemes".. clicked link, and found fullblown ponzinomics with "assets" paying out tokens.
And people wonder why most of us are tired of this stuff.
I don't know why you see it as any sort of ponzi.. it's just an experiment with digital assets, role-playing and world building. Involving money is a pyramid scheme? Perhaps not the thread to discuss. Guessing the reaction is because crypto is mainly grifters + money grabs.. and the cringey apes were the worst representatives.
So you can't deny it's a Ponzi scheme, but you just don't want to discuss it here? But YOU brought it up!
This thread is a FINE place to discuss it, since YOU started the top level thread by shilling your Ponzi scheme here all by yourself, before suddenly trying to cut off the discussion when it didn't go the way you planned, so let's discuss it anyway:
Yes it's a Ponzi scheme on its face (or rather on Fernando Botero's faces ;), and worse yet, it's based on misappropriation of an artist's work, plus you also blatantly infringe on and dilute many trademarks at the same time, for money.
You're not the victim here, so don't try to act hurt that "many around here don't love scarce digital assets" and surprised that "I don't know why you see it as any sort of ponzi". Yes you do know, because it obviously is, and you even tried to make a dishonest weasley disclaimer "I know ... but ..." when you first shilled it here, as if it's wrong and unfair to you that people hate Ponzi schemes and stealing art and infringing and diluting trademarks and shilling on Hacker News.
Dan Olson (Folding Ideas): Line Goes Up – The Problem With NFTs
Well you sound very angry. I didn't want to hijack another persons post to discuss an unrelated topic, but happy to discuss. I wasn't shilling anything I was sharing a procedural project related to this very post. These links are great for context on the tone of your reply, but say nothing of my project. As charming as Dan Olsen is (/s) there is a place in this world for digital scarcity, it's interesting, it's valid and even if 95% of the crypto ecosystem is cringe and scams, there are a lot of good people doing good work.
So we should trust you that it's not a Ponzi scheme, but it steals an artist's designs without giving them credit (I searched your site for his name and there is no mention of Fernando Botero), and it makes promises of: "Earn a Salary: Every project needs its own token. Claim your salary in $REG token." "Collect Art: Spend your token in our store, and buy unique digital art and other items."
Do you get permission to use his work and pay Fernando Botero's estate a licensing fee? Will you at least give him credit on your site, since you're actively trying to make money off of his admittedly inspirational artwork, and at the same time denying in spite of all the hard evidence on your own site that you're not running a Ponzi scheme? Is that just because they don't look like apes?
>He was considered the most recognized and quoted artist from Latin America in his lifetime, and his art can be found in highly visible places around the world, such as Park Avenue in New York City and the Champs-Élysées in Paris, at different times.
>His art is collected by many major international museums, corporations, and private collectors, sometimes selling for millions of dollars. In 2012, he received the International Sculpture Center's Lifetime Achievement in Contemporary Sculpture Award.
And what exactly is this page, with the "Connect Wallet" button prominently in the upper right corner? Has your "Not A Ponzi Scheme" received any cease-and-desist letters about trademark infringement and dilution yet?
Yes I referenced the "most recognized and quoted artist from Latin America" and you think this is some sort of gotchya? I interpreted Botero's style into 10,000 cgi characters as mentioned many many times when speaking about the project.
Using a token to sell community art is not a Ponzi scheme. Selling digital assets? Not a Ponzi scheme.
If you don't know what the 'connect wallet' button does, you have never interacted with the Ethereum ecosystem. I suggest you look slightly beneath the surface as it's not nearly as black and white as the "Number Go Up" wants you to believe.
And yes, I very well may receive a cease and desist from McDonalds or Hot Pockets for using their logos in the corporate narrative of this fictional world.. you find this offensive?
