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Code Monkey

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Posts posted by Code Monkey

    WATA Finally Getting Sued?

    in Sealed & Graded Collecting

    Posted

    18 hours ago, MrWunderful said:

    Fraud isnt a crime in Canada? Thats wild lol

    It's not fraud. Like I said, I can tell you something I'm not selling is worth whatever I want. I could tell you a property down the street is worth $1,000,000, is it my fault if you buy it and find out if it isn't? In order for fraud to take place, it has to meet certain criteria and one criteria is that I have to gain an interest from the fraud. Wata helped increase the value of games they did not own and did not gain anything from the sale of games they did not own.

    Whether or not Jim Halperin benfitted is not relevant to whether Deniz and Wata are guilty.

    Whether or not Bronty benefitted is not relevant, he was just an advisor.

    Whether or not Mark Haspell benefitted is not relevant, he wasn't the owner.

    People here are confusing morals with crime, the 2 aren't the same. It was a shit thing to do but there isn't anything illegal about telling someone a product they have no interest in is worth more than it is. In fact, I'm not actually sure if the lawsuit even mentions fraud (maybe it does and I'll have to retract this) but I thought it was just about missing service level agreements.

    The only financial gain Wata saw was from an increased demand for their grading service which isn't the same as whether or not a game is worth a million dollars.

     

    17 hours ago, Tulpa said:

    Seriously. A former president got slammed for $355 million dollars for basically what Code Monkey just described.

    He inflated his assets in order to gain more loans, that is a federal offence and is not the same as telling people a hobby is worth more than it is. This isn't even in the same section of the law book.

     

    17 hours ago, Brickman said:

    Wildest take I’ve read in a while. Fraud is illegal. Also giving legitimate financial advice without a finance degree or license is illegal in most countries.

    They weren't giving financial advice, where did you read that? Someone asked them what it was worth and he gave his opinion. If I go to my local game store and ask someone behind the counter what a game is worth, are they liable for fraud if it's not true? No, that's not considered financial advice.

     

    17 hours ago, MrWunderful said:

    Like you can lie in writing and its okay? Ill say “if you give me 100$ mil ill pay you back in 30 secs” and sign a contract, then i just dont and say “well it was on you to verify I could pay this back” boom just made 100 million? 

    This is not comparable to what happened. Deniz did not ask for investments in his company and promise dividends. He told me and you that a game they did not own is worth a certain amount. If you go and buy the game, that's on you, it's only fraud if Deniz was the one selling the game which he was not. There is a world of difference here in inflating an asset that you own and do not own.

     

    17 hours ago, Scrobins said:

    You’re defending fraud, but weren’t you whining how you couldn’t buy one of KHAN’s games because he wasn’t “following Kickstarter’s rules”. You need to stop speaking like you understand the plain reading of basic rules of conduct.

    It's not fraud. And yes I was and I still have not bought that game even though I think I own every other game he has made. He should follow the rules.

    Again, there was deception and I don't think it was right but it also doesn't meet the criteria of a crime (except missing the SLA).

    WATA Finally Getting Sued?

    in Sealed & Graded Collecting

    Posted

    I don't get it, pretending something is worth more than it is isn't a crime. It's also not a crime for me to lie to you about its value.

    I could literally draw up some charts in Microsoft Paint, fabricate some numbers, have my friends corroborate the values and do media interviews about the sky high prices. If you give me or anyone else money based on your zero research, the fault is yours, not mine. It is fully your responsibility for any investment you make based on any information you accept.

    I could tell you Dogecoin is going to be the next official currency of the moon peoples and you better buy it all up. If you actually do that, that's on you. People are acting like it's somehow Deniz's fault that he convinced people to buy things.

    Disclaimer: I have no interest in Wata and do not even collect sealed games. I just can't sit here and read about people saying it's anyone else's fault but their own for a bad investment.

    Side note: I don't see anyone here discussing how the $100,100 Super Mario Bros. sale wasn't even actually a sale. Deniz mentioned in his deposition weeks ago that the game was never sold, the original owner (Bronty) still retains interest in the game and they made up the sale price for hype. I thought that would have more people upset, that was a pretty shit thing to do.

    • Haha 1

    Cryptocurrency thread

    in Everything Else

    Posted

    1 hour ago, Khromak said:

    I got my metaphors mixed sometimes, but then I guess the question comes back to you: why would you be excited to pay for your rent in a currency that has gone up by 3x in the last 6 months? You're paying (relative to all other currencies on the planet) 3x the rent you were paying last year. If you think BTC is going to go up, you should never sign any long-term agreement to pay for anything.

    I'm aware of currency markets, but that's not the primary use of modern currencies, and people who are doing this are making TINY gains, because the fluctuations are absolutely miniscule. More importantly, that's not the primary purpose of those currencies, so it doesn't cause the price to fluctuate because someone got interested in it and bought in.

    I would like to pay in cryptocurrency because I would stock up on it while it's low. I could have bought Bitcoin for $20,000 last year and then paid my employees this year with that Bitcoin. If they wanted $100,000 per year, I could pay them $33,000 worth because I got it for 1/3 what it's worth now. I'd be getting things super cheaply.

    Are you thinking the primary purpose of cryptocurrencies are to hold them and make money? That's not the purpose of any of them, they all actually have decentralized software purposes unique to each blockchain. Have you read any of the white papers? They each explain their purposes and the problems each one is solving, some are quite interesting.

    Cryptocurrency thread

    in Everything Else

    Posted

    1 hour ago, Khromak said:

    I'm sure you'd be happy to pay rent in BTC because it's doubled in the last year. I wonder how your landlord would feel about the fact that the BTC they're getting in rent is worth half as much today as it was when they signed your rental agreement.

    These are comparisons against all other currencies. BTC costs twice as much yen, canadian, australian, or USD. Anything you use to buy BTC today is worth half as much BTC as it was last year. If someone were selling you bananas using BTC, you would get twice as many bananas today as you got last year, for the same BTC.

    Imagine you're a mortgage company giving someone a 30 year loan in BTC now. Maybe you'll make a profit, or maybe you'll lose absolutely everything. Depends whether or not Jake Paul has tweeted about buying BTC recently.

    How would your employer feel about the fact that all of their labor costs doubled in the last year, compared to the price they pay for materials?

    USD compared to Euro, in the last 5 years, has fluctuated between a low of .82 to a high of 1.02. USD to Yuan has fluctuated between 6.3-7.3. I'd call that pretty stable compared to 2.5x fluctuation in 6 months.

    Your landlord example doesn't make sense. If Bitcoin doubled (it actually tripled), then the monthly payment of Bitcoin would be worth more for the landlord, not less. When they convert it back to dollars, they get more. My 1 Bitcoin per month lease agreement would be worth more to them.

    For the rest, you're still thinking about it incorrectly. Think of it this way, when you start learning a new language, you first start converting everything to the language with which you're familiar and then you process it in your native language. You form a reply, then translate it to the new language and speak it. This is not a sustainable model, if you eventually want to do this efficiently, you need to stop translating from one language to the other and just start processing things in the other language natively.

    The reason I write this is because you need to stop thinking of a world where Bitcoin is worth X amount of dollars. The only way cryptocurrency would work to support an economy is to use it natively............price your bananas at X Bitcoin, pay your employees Y Bitcoin and offer loans at Z Bitcoin.......natively. Not as a function of the value of USD. Can you do this right now? No, it's too volatile. Is Bitcoin something that can mature like USD has? Yes, it can and I'm trying to help it.

    My point is, stop thinking of it as a value compared to USD. Think of it as its own value by itself.

     

    56 minutes ago, Khromak said:

    Also on point 3: I didn't just say insured, I also said regulated. There are tons of cryptocurrencies where the people running the currency said they were "burning" coins and instead kept them for themselves. They manage the "liquidity pools" and control all kinds of rules about how the currencies work. There are hundreds of stories of people doing "rug pulls" and screwing people over. There are tons of instances of crypto exchanges stealing/mishandling customer funds. No government institution in the world is checking their books to make sure they can cover the "returns" they offer people. Nobody is checking these liquidity pools to make sure they can afford to hand out the "more stable" crypto their BS crypto is based on.

    It's rife with problems, incestuous relationships, and a lack of regulation. In fact, lack of regulation and control has always been a perk for these things...but I don't think those are good things for a currency. People, and especially companies, need stability in order to use something as a currency, they don't need freedom.

    I think crypto is a solution in search of a problem. What are the problems with government-backed currencies that crypto is seeking to solve? I have never had a problem with using the existing financial systems, but maybe I'm missing something?

    It introduces a hundred new problems into the mix, but solves none(ish)

    Of course there are nefarious coin makers, just like there are nefarious commodity makers. Anyone that sees they can make a quick dollar by making something and selling it, they will try to do so. The solution to this is simply not buying their commodity because it's an inferior product and instead focusing on the higher quality commodities. These trash coins that are pumped and dumped are simply just forks of tokens on the Ethereum network or another layer-1 blockchain and they have little to nothing to offer as a solution. The source code is on Github and Ethereum will host your coin so I could literally make one in just a few minutes and release it. Should you buy it? No, just like you shouldn't buy bread that I throw together in 5 minutes with no idea what I'm doing. But I'm allowed to make and sell the bread (assuming FDA approval, I probably shouldn't have used a food analogy).

    The point is, some people write their own layer-1 blockchains that support coins with unique underlying platforms, specifically coded to solve a problem. It takes (sometimes) a team of people to create and intimate knowledge of web3 technologies in order to create. Then you have people that fork other repositories and host their tokens on top of existing blockchains, these are layer-2 and layer-3 technologies, you can ignore those. Stick with the quality product and know what you're buying, it's simple.

    Just one solution that cryptocurrency provides is global currency transfer. Do you know how long it takes to send USD to someone in Vietnam? Probably a week and it will cost quite a lot. You can do the exact same thing with Bitcoin instantly for a fraction of the price.

    The last point is a funny one, you really think people don't buy and sell foreign currencies? My girlfriend buys USD when the Canadian dollar is strong and sells it when we're low, lots of people do that. I'm sure there are people in this thread that do that all the time, it's incredibly common, people base their careers on foreign currency trading.

    Cryptocurrency thread

    in Everything Else

    Posted

    26 minutes ago, Khromak said:

    I haven't been following this conversation so maybe I'm missing some context here but...

    1. The value of a dollar is EXTREMELY stable. If I go to get a haircut for $20, it costs the same every week, every month, and every year. Bitcoin has over doubled in value in the last year.
    2. Dollars are a commonly accepted currency in this country, and in most of the world.
    3. Bank accounts are regulated and insured. If someone charges my account incorrectly, I can get the money back. If the bank crashes and burns, the government will give me my money back. Banks can't lie about their assets and they're routinely audited by the government to make sure they have the capital to cover their deposits (within margins)
    4. Dollars (especially digital ones) don't have a limited supply, so their value is determined mostly by the strength of the US government, not based on supply/demand. A commodity makes a terrible currency because daily (hourly, secondly) fluctuations can mean your paycheck on Friday will be vastly different from the cost of bread the next day. Imagine writing a rent contract for bitcoin...

    I could go on, but bitcoins are absolutely nothing like dollars. If you send someone 1k bitcoin because you lost your password or someone hacked your account, scammed you, or whatever, you're absolutely fucked. You will absolutely never get a penny of that back.

    Every cryptocurrency I've ever heard of is a speculative tool, not a currency. Things with supply/demand aren't stable enough to be currencies, period. Never will be. They're fun speculative nonsense that can be extremely lucrative, but they're still just stocks without the actual productive entities (businesses) behind them. They're all just greater fool theories, buying a $0.01 coin, hoping some guy will pay you $0.05 for it in a little while because he's hoping someone will pay him $0.10 for it in the future. Nobody does that with dollars. You know what people do with dollars? Buy and sell things, give loans, provide work in exchange for them, etc. It's a currency.

    There are many inaccuracies here and I love a good debate.

    1. In your scenario, you're comparing a dollar's stability against itself but when you refer to Bitcoin, you're comparing its stability against a dollar, you can't do that. A dollar is stable against a dollar, yes, but is it stable against the Yen? USD? The Euro? No, it bounces all over the place, it's incredibly unstable, Yes, a haircut that costs $20 last week will still cost $20 next week but a haircut that cost 1 Bitcoin last week will also cost 1 Bitcoin next week. It's the coin's stability against other currencies that fluctuates, just like the dollar.
    2. The Canadian dollar is accepted in most of the world? No it isn't, not at all. And if you're referring to the collective dollars of all individual countries, that's not a legitimate argument. This is single currency against single currency, not the whole world's economy. If you want to go to Australia, they will not accept CAD, you need to convert it. Same with Bitcoin, you need to convert it.
    3. I asked for differences besides this one. When the money supply first started, it was just a paper representation promising you had that much gold in the bank somewhere. If robbers stole your gold from the bank, that note was worthless. The idea of insuring the money came after the gold backing was removed and as cryptocurrency evolves, I'm sure that will be addressed. It's a currency in its infancy, it will evolve.
    4. I would accept a rental contract in Bitcoin, it keeps going up anyway. I would allow my employer to pay me in Bitcoin as well, one static price for the year, regardless of its value against the dollar. My paycheque doesn't currently fluctuate against the Euro, it's one single amount of dollars. It could also be one single amount of Bitcoin, I'd be fine with that.

     

    All of my support for cryptocurrency is under the understanding that it will evolve to become what other currencies are today. It will somehow be insured by something, some how and it will also eventually fluctuate less day to day. When people made the switch from gold to paper currency, it was highly volatile and it fluctuated even more across each state since each state had their own currency. Eventually it became more mature and I think Bitcoin or its replacement can do the same.

    Right now, we're using an antiquated system that is not sustainable long term. Each dollar the government gets, it borrows at interest. So they borrow $1000 and have to pay back more than they borrowed, but how do they do that? There is no other source of income, if they want more dollars, they need to borrow more. So they need to borrow more to cover the interest but this new loan also has its own interest. This is exactly the definition of inflation, in order to make this work, the value of the existing dollars has to decrease in order to try and cover the interest of borrowing. The government doesn't just create money for free and if we switched to some other form of updated digital currency, it would solve all of these problems.

    Cryptocurrency thread

    in Everything Else

    Posted

    I was about to come here today and resurrect this thread.

    2 years ago I took all of my various coins (besides Bitcoin) and compiled them into Solana which I believed was going to go big. The total value of that wallet was $200 and I was able to recently see 10x gains on that to $2000. I converted half of that to Filecoin (FIL) and the other half to EOS which have since seen gains of 2x, totaling $4000. Even if these 2 coins only reach their previous highs, they will still 20x again from today and everything is expected to beat the previous highs if you look at the correct coins.

    I'm aiming for at least $50,000 USD within 1 year and I'm hoping for $100,000 total from this $200 wallet. If it works, next halving I'll gamble with the Bitcoin.

    Cryptocurrency thread

    in Everything Else

    Posted · Edited by Code Monkey

      

    4 hours ago, RH said:

    I know I've shared my bit about crypto several times, but when we were creating the ecosystem (and I do consider myself very much a part of that since I was a developer for some coins, and had several influential conversations), the intent and hope was for cryptocurrency to have value based off of the need for currency.

    I left because of all of this speculative nonsense.  Granted, it's hard to invent a currency without their being an expectation that the value of the currency would grow--if it didn't, it'd have no point.  However, some time probably about 10 years ago, the perspective flipped to 98% pure, speculative ponzi-schemes being the expectation.  There have been several novel innovations but by and large, people are only interest in crypto for one reason--speculation.  Digital gold.

    If the value of an asset is 100% that it's worth something today and based off of the whims of people, it's value may go up, then I'm not interested. None of these coins have built or made anything that's gotten close to luring every-day merchants to use these tools in mass.

    True, I do think some projects have honestly tried but they die because pure-speculators take over every coin market now, and those innovative coins do well when there's strong buying synergy and then they fizzle when the "next great thing" pops up, even if no one uses that new coin for it's intended purpose.

    Wake me up when someone makes a secure, fast, global cryptocurrency that a high percentage of the population in the world is ready to use as a day-to-day currency.

    That's NOT Bitcoin, and that's nothing else that exists either.

     

    a) Sam Altman and Worldcoin?

    b) What's the difference between Bitcoin and the money in your bank account? Besides one being backed by insurance, there's no difference.

    Is this Gun-Nac proto a fake?

    in Protoculture

    Posted

    4 hours ago, Link said:

    You said you haven't seen OP post any games, so I pointed you where I saw his games posted. Sorry. 

    Most of my replies are just trying to be funny.

     

    3 hours ago, Mydogsrule said:

    CodeMonkey—- he only has one other prototype he worked on.  He is trying to find the exact prototypes he did.   The buyer did tell me that he remembers throwing out original artwork for one of the Aladdin games when Virgin was cleaning out their offices.  

    I'm not just looking for a prototype, I love just seeing materials used in the process. If he has any paperwork, communication materials, development hardware, proofs, anything at all. It would be very cool to see. I'm less interested in having something valuable as I am having something that's just cool.

    • Like 1

    Is this Gun-Nac proto a fake?

    in Protoculture

    Posted

    2 hours ago, Mydogsrule said:

    This is cool.  I sold GunNac and the person wrote and said this. 

    IMG_7590.jpeg

    Can I get his contact? I'd like to buy anything he has left.

     

    2 hours ago, RH said:

    I'd say you have my attention now but, alas, I'm kind of needing to unload and sell stuff at the moment to recoup funds from large lots I've recently bought.

    Boy's World, though?  I loved that show as a kid.  I had no clue they started making a game for it.  You have any more details on it?  Who made it, any dates, are there any screencaps anywhere, etc?

    Bobby's World? It was eventually released by RetroUSB here but has since been discontinued:

    https://www.retrousb.com/product_info.php?cPath=33&products_id=115

     

    1 hour ago, Mydogsrule said:

    I’m not sure honestly.  It started as Kevin’s Dream before becoming Bobby’s World.  Here are a few screenshots before Kevin was replaced by Bobby.  

    IMG_7592.jpeg

    IMG_7593.jpeg

    Wait, Bobby's World was originally a Home Alone game? You mean Bobby's World from the cartoon voiced by Howie Mandell right?

    • Thanks 1

    Is this Gun-Nac proto a fake?

    in Protoculture

    Posted

    20 minutes ago, Mydogsrule said:

    I agree but no one had yet came into explain anything to the possible fake comments.  I came in trying to vouch for myself and say the prototypes are legit, but I was then told maybe I purchased fakes myself and just think they are real.  Rather than me go back and forth I do need people to pop in and vouch for me because some don’t know me and need that extra assurance.  I’m not here to rip anyone off.  That’s forsure.  I just need others to give people confidence to buy from me.    I’m trying to sell some things and didn’t want this post to deter people.  Like you said though, a post like this can be beneficial forsure and I think it’s going in that direction.  

    My first post in this thread is in reference to the fake comments.

     

    16 minutes ago, Link said:

    on ebay

    https://www.ebay.com/sch/i.html?sid=nostalgic80

    I would set myself on fire before I used eBay. It would be less stressful.

    • Haha 1

    Is this Gun-Nac proto a fake?

    in Protoculture

    Posted

    4 minutes ago, Mydogsrule said:

    Honestly I’m about done posting.  I posted a slew of games to give people options but I think the number up has caused some to wonder if they are legit.  I sold a few though so far.  I’m just after a certain dollar amount and I will be good to go but I’m not rush selling.  I have time to wait.  
     

    I sold a handful of unreleased Nes several years ago and plan on

    Keeping the rest.  
     

    I’m on IG tntitansfan80 and have posted some of the unreleased ones. 


     

    I haven't seen you post any games.

    Is this Gun-Nac proto a fake?

    in Protoculture

    Posted

    36 minutes ago, RH said:

    @Code Monkey At the risk of tangenting my own thread, do you take interest in GB protos?  Especially those of unreleased and unfinished titles?

    I'm a software developer professionally so I'm always interested in unfinished projects but wouldn't pay nearly as much for Game Boy as I would NES. So I'm not really interested but I'm always sort of interested in any prototype. I have 3 Game Boy prototypes at the moment that got thrown into a large NES prototype purchase.

     

    7 minutes ago, Mydogsrule said:

    Yes, I did buy some from the Nolans, Dreamtr, and Dalliest.  I got some from developers too, including some unreleased Nes.  

    You should send me a list of what you're selling, I like unreleased.

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