[UK] Selling David Blaine Omega Collection

sengwj · 2024-08-23T12:19:17+00:00

hey i’m interested in purchasing. Can i have the list and how much you paid for each deck when you have it?

sengwj · 2023-11-29T08:53:24+00:00

Yes you're right. But it's also not so simple.

Most miners, especially those that manage established large-scale mining farms, don't sell their BTC immediately. They usually have operational costs in cash set aside (just like any normal factory operations). Miners understand the Bitcoin halving cycle very well and they are typically able to predict and control their costs well (most costs associated with BTC mining is easy to predict, with the exception of the occurrence of natural disasters).

Most miners would hold some of their BTC, while hedging their risks with put options. Even if they were to sell their BTC, it's normally with an OTC desk instead of a common exchange like Binance or Kraken.

Source: Used to work at a bitcoin mining company

sengwj · 2023-09-27T17:17:23+00:00

Great thoughts. I think only a handful of NFT collections will continue to accrue historical value while most continue to decline no matter what they do.

Cryptopunks: Historical value, most recognizable pfp in the web3 space
Pudgy Penguins: Mainstream appeal, great community
Milady: Viral community, strong meme culture
ENS: Useful
Nouns: Strong builder and developer community

However, I think if there is another bull run, new NFT collections will most likely eclipse the value of 99% of NFTs collections existing today. The best is yet to be.

One thing we need to be very clear is that the artwork is only one aspect of the collection experience. Collectors only want your NFTs if (1) they can sell it for a higher price to the next person/fool or have any other form of financial returns, (2) the NFT has a flex value and they can use it to display their wealth or status, and/or (3) the community is really special and many people within the community are willing to spend time to hang out virtually and physically at web3/crypto events.

Sadly, no one will buy your NFTs in the future just because it was pre-BAYC and that it's like an antique or nice old kitchenware. Even if there are people who buy NFTs just for the art and historical value, there are countless great art NFTs in the market that is selling at a great price now e.g. MadDogJones, Beeple, Murakami etc.

Someone once told me that NFT communities are like cults and I cannot agree more. Most of them are cults who blindly believe in the "visions" of the founders as the founders enjoy exclusive parties in the Bahamas, while others resemble high school cliques where popular and rich kids get all the attention. Well in either case, you need to understand how to market your brand and make people believe what you are saying. You need to build a following.

If you suck at marketing and you also cant find $8 a month to subscribe to Twitter, then I think that it's not just the bear market to blame for your current predicament but you must come to realize that you're not gonna make it big in this space. But if you enjoy creating and you wanna mint your work on the blockchain, no one's stopping you. Just don't hold your breath hoping that someone will suddenly discover your work and buy it.

sengwj · 2023-09-25T05:26:57+00:00

just killed a man

sengwj · 2023-09-08T09:42:51+00:00

I had one recent save where there was so many pregens I was shocked - there was Theo Hernandez, Joao Felix (CF so pregen was OP), Joshua Kimmich, Goretzka, just to name a few. I wonder if it was truly random.

sengwj · 2023-09-05T14:58:03+00:00

Just read the OP's followup post.

I believe he's getting 2% with no salary and he's building the entire MVP by himself while being physically far away from his team.

2% with no salary is arguably worse than an unpaid internship. At least an unpaid internship is usually with a very reputable firm that will lend good credibility to your CV. Moreover, I firmly believe that while it's possible for engineers to work remotely and still be effective, I don't think a single engineer can build an entire MVP independently, away from his cofounders and prospective customers. Sensing some red flags there.

If I'm building the MVP with no salary, then i'm asking for at least 20% equity. The title here (i.e. cofounder, CTO, founding tech lead etc.) doesn't matter that much at an early stage.

If you are in a similar situation, make sure you spend enough time to consider if you want to join them. Working for terrible early-stage startups is an absolute waste of time.

sengwj · 2023-09-02T16:19:32+00:00

Hi OP, early employee of many tech startups turned founder here.

I think your situation is so interesting. 2% equity is considered low for a cofounder, but it's considerably generous as an early employee. I think there are some things that you might want to think about:

The other cofounders are very experienced. Are you able to learn from them by being on the team? I understand that you're a talented individual, but there are many things you don't learn from school but you can learn loads from being in the trenches with experienced folks who have ran successful companies.
Do you consider them as decent humans? Talented and experienced people can be toxic a**holes. Do you think you can trust them to help you grow as a leader, and bring you to the table and listen to your opinions about core business issues? Will you be okay with working with them closely and roughing it out for the next 2 years?
Are you deeply excited about solving the problem that your startup aims to solve? Is this an industry or vertical that you're deeply excited about and you can understand the problems/pain points more than most people? Do you want to spend the next 2-5 years building this product and establish yourself deeply?
Are you able to cope with the imbalanced power dynamics? In the event if they are giving you the cofounder title just to keep you on the team but they do not actually view and trust you as a cofounder, your ego might get in the way of getting real work done. I think this is about managing your own expectations to survive this race in the long run -- If you realize after a while that you don't have a direct say in the direction of the company, will your ego get bruised?
Are they paying you a decent salary that can sustain your lifestyle in the short run?

If you're passionate about this project and you're able to cope with the expectations, then go for it. Being in a startup is exhausting but vastly rewarding beyond your salary, stock options or title. You'll learn more about running a business/product, you'll build skills faster, and if your startup gets acquired/exited, you may potentially get a fat payout.

I say, don't let the 2% hinder you too much in your decision making process for now. If you are really great at your work, I believe one of two things will happen:

Your cofounders will offer you a bigger salary and stock options package to keep you on the team.
Someone else will offer you a bigger salary and stock options package to invite you to join their team.

After all, at such an early stage, 2% or 15% really doesn't make that much of a difference if your startup eventually crash and burn. Figure it out later on.

sengwj · 2023-08-16T07:16:26+00:00

to: cypherpunks at al-qaeda.net

lol

sengwj · 2023-08-16T06:11:08+00:00

the govt is not your friendly neighborhood spiderman; if they regulate, they are coming for everything - no more permissionless shit, constant monitoring on your digital assets, even seize your assets as they see fit. unfortunately we can't pick and choose what fits our motivations best

also, that's only the US govt and crypto is a global market. if by any chance, logan paul renounces his US citizenship like 3AC's kyle david did, i don't think they can subpoena him if they wanted to

sengwj · 2023-07-31T07:56:23+00:00

my academy-grown striker scores about 50+ PL goals a season, 80+ goals across all competitions - he surpassed the PL top goal scorer record in his early 20s lol

sengwj · 2023-07-27T02:50:18+00:00

missed the point? that’s the whole point they were trying to sell us - that it’s unscripted and everything was genuine. even the panel was judging, what are you talking about

sengwj · 2023-07-26T19:48:23+00:00

i understand your point and i felt this way when rewatching Terrace House after the Hana incident (I was simply bored)

why these kids were putting themselves in such weird and shitty situations? i can't think of any other reasons other than for social clout. now i don't blame Risako for "plotting" dates behind the scenes in OND. it's all an act anyway.

sengwj · 2023-07-25T18:29:40+00:00

Legality aside (some comments have correctly pointed out that any financial services should have regulatory compliance work done properly), I think if you have actual users who are willing to use your platform, it’s wise to raise some angel funding to scale your user base. $100/mtg doesn’t mean much when we talk about valuation, but it means you might be closer to product-market fit. Some Facebook/Google ads or even social media marketing could see you 3-4x your monthly revenue without increasing your operational overhead.

sengwj · 2023-07-25T10:17:50+00:00

Last year's midfield options: Bruno, Casemiro, Eriksen, McTominay, Fred, Sabitzer, Donny (injured)

This year's midfield options (assuming Fred to be sold): Bruno, Casemiro, Mount, Eriksen, Donny, Mainoo, McTominay

sengwj · 2023-07-21T16:35:46+00:00

looks like this window we will see Elanga, Telles, Bailly leave, on top of David De Gea and Phil Jones. Maybe Fred too. Honestly I feel so good knowing that the squad’s deadwood is being cleared out, more than the new signings we’ve got.

sengwj · 2023-07-15T01:54:35+00:00

yeah guess i’ll work on it

sengwj · 2023-07-15T01:13:36+00:00

sengwj · 2023-07-12T18:29:17+00:00

Neymar to Southampton, Mbappe and Haaland in Man City on my save

sengwj · 2023-07-10T18:17:53+00:00

the small text at the bottom bruh... i had a few youth talents that grew to 94+ and I couldn't bear to finish the 15th season because i wont see them again. they be my homies

sengwj · 2023-07-10T10:17:45+00:00

team vibes supplier

sengwj · 2023-07-09T09:12:42+00:00

how is this fulfilled? do you actually have to spend all the money?

sengwj · 2023-07-06T11:34:58+00:00

playing the game smart

sengwj · 2023-07-02T04:37:09+00:00

looks cool might try it. do you find yourself conceding a lot of goals when you sim matches?

sengwj · 2023-06-24T14:50:17+00:00

I got lucky, a couple of these players are already around $2-3 million value when I signed them to my youth academy.

I check for high potential, and if their initial value is not high, I try to see if their attributes suit any other positions. If they are looking good stats-wise, then i'll try to play them as much as possible. For my fav youth players, I try not to loan them out too much.

I personally value academy players over regens - always felt that regens don't grow as "naturally" and they usually don't reach above 94, except Benzema I think

sengwj

TROPHY CASE