The musings, advice, stories, tips, and much more of a 25+ year veteran of the antiques business. From a picker to a picker/dealer, and back!
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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