Are NFT Sales Susceptible to Shill Bidding? NFT Skeptics Think It’s Possible
In 2021, there’s no doubt that non-fungible token (NFT) collectibles have been extremely popular and NFTs have made billions in sales during the last year. For instance, in the last month Opensea saw $3.44 billion in NFT sales, Axie Infinity saw $838 million, and the pixelated NFTs Cryptopunks saw $653 million in sales. However, there are plenty of NFT skeptics who wonder why JPEGs are selling for millions in ether, and some have suspected auctions and sales could be bolstered by shill bidding or rigging. While NFT Market Values Swell, Skeptics Wonder Why JPEGs Sell for Millions....
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January 2015 was an extremely frustrating month in regards to the Bitcoin price. A lot of people returned to earlier unsubstantiated mantras, such as “Bitcoin is a Ponzi.” This has been lessened as of late but, the skeptic attitude has not diminished at all. As investigative journalists, we come in contact with all sorts of people. Crypto enthusiasts, novices to Bitcoin, experts and professionals in digital currency, CEO’s from the leading companies in the crypto world and skeptics. In this article, I will focus in on the experiences I had in January with the skeptics. Rather than convince....
The Federal Reserve and America’s big banks have significantly inflated home prices across the U.S. according to a number of statistics. In many towns across the nation, home sales are facing bidding wars and certain regions are seeing property shortages. One report notes that homebuyers are bidding against “pension funds and Wall Street types,” as investors now represent “20% of U.S. home sales.” Investors and Deep-Pocket Rivals Are Behind 20% of US Home Sales Things are looking pretty interesting in the world of U.S. real estate, and in nearly every region....
Most DeFi users have heard of Ethereum’s high congestion issues, but few are aware of the controlling forces operating behind the scenes, and how badly they can be impacted by this single problem. When traders send a regular transaction via the Ethereum network, it is susceptible to attacks from bots or front-running software run by […]
An auction site for Devcoin users went online this month, and early registrants are eligible for discounts and freebies. Devcoin Auctions, where users can buy labeled consumer products such as electronics, start at zero and typically don’t approach full retail price, according to the site. Users can sign up for free and purchase bids. Depending on the bid package you purchase, a single bid costs just more or less than US$1. This price, according to a blog post on the site, reflects the volatility of cryptocurrencies, vigilance against bots and shill bidding, and maintenance of an affiliate....
Bitcoin is trying hard to grow up. As we have seen, when the price of bitcoin rises, there inevitably comes real money to invest in its future. There are still many skeptics out there that don't believe in bitcoin. They don't think that it is real money. They don't think that it has any value. And to be sure, there just aren't enough real ways to spend it yet. Bitcoin Savings and Trust. All of these aspects of Bitcoin seem to bring to it a fraudulent, secretive element. It's harder to trace bitcoins in smaller amounts, so any scammer looking to make some cash from bitcoin would do well to....