Wednesday, December 20, 2017

Cryptokitties...Should I or Shouldn't I?


I am hearing crickets out there....no snores....yet.   
I am assuming no one cares to invest their 2 cents as to whether I should go for a Crytokittie or not....

Oh well, it is too late anyway...

OMG, yes, I did do it, I have started to delve into the world of Cryptokitties....

But, first I had to download an app called METAMASK

Fair warning, I get the feeling this may seem more like a programming blog than my typical posting....

Oh man, stymied all ready....

It requires you to purchase a cryptocurrency......surprise, surprise.

In this case it is a currency called "Ether"......nope, no Bitcoin here.

Hmmmm...going to put me to sleep, is it?

(Yes, I realize it is a play on Ethernet...just being a smartass)

OK, let's see how far we can get without buying any Ether. 

Bit of a hitch....it says I need to get yet another App....being that I live in Canada I have to buy it from an Exchange....which means downloading an app called Coinbase....then transferring the currency from the Coinbase wallet to the Metamask app.

I'm already getting a headache....

And, it almost seems like Cryptokitties is a way to get you to buy into the cryptocurrency ETHER.

A marketing ploy on the part of Ether, perhaps?  Who knows....or perhaps I have hit upon the way Ether is going up against Bitcoin as an investment?

So, back to it....

Hmmm...looks like I can't get any farther without buying Ether...

Oh, wait, found the marketplace for Cryptokitties....

Hmmm....well, I am not much of a gamer, I generally don't have time for video games of any kind, so this is already boring me...

What I see is basically the fears/points I mentioned in the last blog posting....an identical looking animal with variations.....and already there is over 80,000 Cryptokitties available. 

This might not be a well educated thought, but my gut says it won't fly in the collectables community. 

It is missing that tangible aspect....collectors of the type I know want to be able to touch their collections. 

But, perhaps this really is meant for a new type of collector out there....those folks living virtual lives....spending most of their time online, for whatever reason.  

I can't see even the seasoned Franklin Mint collectibles buyer going to want Cryptokitties. 

But, I am going off on a tangent again....  I downloaded Coinbase and am attempting to dive head first into the world of Cryptokitties!

OK, I admit, I'm not diving in head first...let's just say I am getting my pinky toe wet.

I am now to the point of having the software apps needed to get a Cryptokittie. 

Let's see how things go...in my next blog posting. 

Ooooo yes, quite a cliffhanger! 















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