/biz/ - Business & Finance

Money laundering and tax exploits.

>>27795686
I don’t get it either desu. Then again I spend like 34k on ethereum so far.

>>27795686
>go to art gallery
>take a picture of mona lisa
>print it at home
haha suckers

>>27795686
>I heard you like inflation hedges, so I put an inflation hedge in an inflation hedge so you can hedge while you hedge.

>>27795831
>a picture of

>>27795686
Its the art but also the cryptographic signature it comes with. Still dumb imo lol but then again csgo skins sell for thousands.

>>27795763
this is true. and like whats really even real anyways, man?

>>27795686
I don't get it either. The art is usually shit too.

i don't get why people spend so much money on them but i understand that the current NFT market is a trial run for tokenized stocks and property deeds, etc

>>27795686
money laundering. that's how art works

I would get it if some famous artists creating digital works were involved. I would buy something made by Banksy for example in a heartbeat if I could. Everything I've seen is shit from nobodies.

oh wow. i actually got a bfa in digital media. time to cash in and leave you STEM faggots behind

also am software engineer, so i make bank. ill just move into this fine art market and make even more bank and leave you drooling faggots behind with your stupid little calculators and tiny pee pees

You’re asking the wrong question. It should be how can I make money off this

>>27796379
banksy is pure cringe

Buy CLF

https://stocktwits.com/symbol/CLF

$CLF
02/04/2021
>"New orders for manufactured goods in December, up eight consecutive months, increased $5.2 billion or 1.1 percent to $493.5 billion, the U.S. Census Bureau reported today."

https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf

----------------
$CLF
02/04/2021
>"US trade court dismisses challenge to Section 232 steel tariff"

https://agmetalminer.com/2021/02/04/this-morning-in-metals-us-trade-court-dismisses-challenge-to-section-232-steel-tariff/

>>27795686
>300k

it's not a flex if you dont own it. poors will never understand.

>>27796836
Anyone worth "flexing" on will laugh at how retarded you are. It's hilarious, all these faux riche circles are just full of retards all "flexing" on each other, whilst the real social elites laugh in the distance.

>>27796580
what's in your shorts is pure cringe lmao

>>27795686
cryptokitties 2021 :)

>>27795686
>top left
>sex
of course you wouldn't get it, incel

>>27796836
Flexing is for nigger new-rich fags like Bill Gates and Bezos. The truly rich and powerful flex by doing whatever the fuck they want and demonstrating that they give zero fucks about your opinion, since you're a worthless goy cattle.

>>27797168
I have sex with my wife illya every night faggot

>>27795686
You can get a copy of the Mona Lisa for like 40 bucks that looks real. But its not real. That’s the only thing that makes it not worth gorillians. Are you retarded OP?

DIE FUCKING DUMPERS WITH YOUR FUCKING SHIT COIN
DON’T ASK ME TO FOLLOW THIS SCAM
I AM NOT AN IDIOT WHO FOLLOWS EVERY DUMP YOU TRY TO SHILL
MY PORTFOLIO IS FULL OF XSN AND I KNOW HOW TO MAKE PROFIT HERE.

>>27797200
>Flexing is for nigger new-rich fags like Bill Gates and Bezos
plenty of old money buy paintings and other expensive one of a kind items all of the time

>>27797246
>implying the difference between a centuries-old physical piece of art and a picture of it is the same as the difference between a picture and a picture on a blockchain

>>27797426
this
you can literally just screenshot these

>>27795724
fpbp

>>27797354
Rich people don't buy expensive shit. They live less than middleclass lives as not to appear rich. Wake the fuck up.

>>27797426
you're trying to make it sound absurd but you just end up sounding dumb. anon is not talking about a picture of mona lisa, but a full copy, a physical object that looks and feels the same in every way

>>27797594
But these aren't physical objects, there's no difference between the original and a copy with the images.

>>27797513
I'm sure poor people are the ones spending upwards of 10k on a painting to put in their personal gallery

>>27795686
Because they own it on the blockchain, and in the future the legit ones will be able to be projected into reality, while the fakes will be prohibited from doing so.

>>27797594
You’re right, I will revise my statement:

>implying the difference between a centuries-old physical piece of art and a chinese-made replica of it is the same as the difference between a picture and a picture on a blockchain

>>27796546
This, absolutely

>>27795686
>someone paid 4000 dollars an anime girl jpg

>>27796379
>Banksy
>>27796580
>>27797054
OBLIGATORY
https://www.youtube.com/watch?v=PIyQJryBz5k

>>27798261

>>27798261
i guess when you just made 3M+ from doge, 4k is just chump change

>>27795686
What are the upfront costs of actually doing the whole collectibles on blockchain thing?

>>27795724
mostly this, but some of the less ridiculously priced ones are also wash traded to try make it look like it's valuable and sucker in buyers

>>27797242
>illya
Why do you fuck a Russian man, faggot?

>>27798405
Thanks, anon. Now I'm rich!

>>27795686
It's the same scam as modern art except on blockchain.
Literally money laundering and front for illegal transactions.
E.g.
> A offers an illegal service (i.e. a coup in country Z)
> B needs an illegal service (i.e. needs to put his kingpin in country Z because oil or whatever)
> A cannot pay B, because A's books are audited (e.g. A is a gov't agency or publicly traded or a charity or whatever)
> contract value is $10M
So
> A tells B to buy a worthless canvas from a painter X
> X's shit can be only bought from Schlomo Shekelstein, a respected art dealer in NYC
> Schlomo offers B a once-in-lifetime deal: X's newest shit for only $100K
> B buys the canvas, writes it off tax as an "investment"
> B starts to work on the contract
> Meanwhile, Schlomo is busy washtrading X's other shit at auctions in NYC
> Schlomo uses the initial $100k to pay for auction house comission and hires struggling actors to play milionaires bidding
> B concludes contract
> A inspects the work and agrees it's done
> B puts his canvas up for auction
> the auction house requires valuation
> the world's leading expert on X, Dr. Schlomo attests that the canvas is now worth north of $1M
> auction starts
> A has his people in the room, they start a bidding war all the way up to $10M
> A buys the canvas

Everyone happy:
> A has cash
> B has his work done
> Schlomo gets his 10% commission
> X is now famous and has money for coke and whores

Next stage:
> A takes the canvas to the bank and asks for a loan
> bank has no problem, since the painting is now obviously worth $10M
> bank lends A $10M
> A defaults on the loan
> bank reposesses the painting
> bank now has a $10M asset on the books
> bank uses it to give secure $100M of subprime loans to niggers and crack addicts

>>27795686 (OP)
It's the same scam as modern art except on blockchain.
Literally money laundering and front for illegal transactions.
E.g.
> A needs an illegal service (i.e. needs to put his kingpin in country Z because oil or whatever)
> B offers an illegal service (i.e. a coup in country Z)
> A cannot pay B, because A's books are audited (e.g. A is a gov't agency or publicly traded or a charity or whatever)
> contract value is $10M
So
> A tells B to buy a worthless canvas from a painter X
> X's shit can be only bought from Schlomo Shekelstein, a respected art dealer in NYC
> Schlomo offers B a once-in-lifetime deal: X's newest shit for only $100K
> B buys the canvas, writes it off tax as an "investment"
> B starts to work on the contract
> Meanwhile, Schlomo is busy washtrading X's other shit at auctions in NYC
> Schlomo uses the initial $100k to pay for auction house comission and hires struggling actors to play milionaires bidding
> B concludes contract
> A inspects the work and agrees it's done
> B puts his canvas up for auction
> the auction house requires valuation
> the world's leading expert on X, Dr. Schlomo attests that the canvas is now worth north of $1M
> auction starts
> A has his people in the room, they start a bidding war all the way up to $10M
> A buys the canvas

Everyone happy:
> A has cash
> B has his work done
> Schlomo gets his 10% commission
> X is now famous and has money for coke and whores

Next stage:
> A takes the canvas to the bank and asks for a loan
> bank has no problem, since the painting is now obviously worth $10M
> bank lends A $10M
> A defaults on the loan
> bank reposesses the painting
> bank now has a $10M asset on the books
> at 5% reserve requirements, the bank uses it to give secure $200M of subprime loans to niggers and crack addicts

>>27795686
Yeah i saw that project, its mostly to money laundering like you do with real art anon.

Look, it's another thread filled with plebbit mid wits who don't understand NFTs.
I really hope that all you niggers will leave when all the MUH STONK hype is over.

>>27798582
still a waste

>>27797513
>Imagine believing this
Just because some meme new money tech millionaires/billionaires do this does not mean that old money does this as well. They are bathing in luxury and to pretend they are not is poorfag cope.

I freelance as an artist and want to get in on this to add to my ETH stack. What kinda shit would sell to the largest audience? Anime girls? Memes? Pepes? Can I make any reasonable amount without being well known? My style is s bit comic like