Sick of Cryptokitties Yet?

I managed to figure out how to change the kitties name. Just clicking on the field allows you to change it.

So simple I missed it.

In my cryptokittie research I did happen upon another blogger who happens to have a cryptocurrency knowledge/financial background with a blog posting on the cryto critters.

If you are thinking of the digital cat images as an investment vehicle, you may wish to read that blog.

Again, I am coming at this from the point of view as a "collectible" to invest in, not as a digital currency in itself/non-collectible investment vehicle. 

That is what may cause a fork in the road it takes, delving away from the road Beanie Babies drove down.

The wild card with Cryptokitties is the technology they are part of.

My knowledge of the Blockchain, Ether, and all the rest is minimal, and if you do decide to "invest" in Cryptokitties or a cryptocurrency, I urge you to learn, learn, learn. 

Blowing off $10, $50, or $100 is one thing, but anyone investing hundreds or thousands into this sort of thing should try to gain some knowledge.  Playing around with it with a low sum of money is part of learning, but don't get tempted to put big money in while you are learning....that is a recipe for potential disaster.

 Getting rich quick is always attractive, but is rarely the fact of the matter, nor the result for most investors in such ventures.

Bitcoin started at under a cent each in 2010/2011, and now is in the $15,500 each range or so (numbers are constantly fluctuating, so who knows where they are at the time you read this....click here to find out.)

Am I investing big money in Cryptokitties? 

Nope.   

Not that I don't think it has potential; I just see too much grey, volatility, etc, and, cash is tight. I have bills to pay that are important, and the time (for my wallet) is just not right.

But I am sure wishing I had heard of Bitcoin in 2011 and invested $100 in Bitcoin then.....and left it there. 

I would be a millionaire now....literally.

Going to Need More Virtual Litter..

I am officially a grandfather to a Cryptokitty...

Meet Fred (the name suits him, I think):

Now I need to figure out how to attach the name "Fred" to him permanently. I must be missing something somewhere...there has to be someway to name them, as obviously others have.

Something more to figure out when I have some time....but, need to concentrate on money making business, so back to work I go.

Cryptokitties Scratching the Furniture

For those of you who have come to my blog via Googling "Cryptokitties", and are not familiar with my ramblings, be scared....

be very scared....

Just kidding.

Might put you to sleep, a posting or two here might gross you out, but the blog is essentially harmless. (So I want you to think...Look DEEP into my eyes....you are getting sleepy....now send me the contents of your bank account...)

Anyway, the whole thing with my view on Cryptokitties is not from the "gamers" view...it is from the view of an old school antiques picker, and the viability of "digital collectibles" in this new age of the internet and technology.   If you came here for hints, cheats, inside info, well, this probably is not the place...though you will get some insight into how the collectibles world looks at "Marketed Collectibles".  

Only time will tell us whether Cryptokitties is a viable thing.

The software platform is certainly viable, and I can see dozens of uses for it in this business...and many with more potential than Crytpokitties itself. 

They have quite a few staff working on the site, but they sure could use an old school view of the market, someone like myself...hmmmmm, I could use another gig...maybe the change I need! 

 I do have one particular idea that would utilize the platform well, with little modification, and has serious legs to go far...who knows, it is one of those ideas that might just give eBay a run for its money on the stock market....or at least make the operator's wealthy. 

 What is the idea? Sorry, you'd have to be from Axiom Zen for me to tell you, and I'd still need that person to sign a NDA (non-disclosure agreement).  

Like the creators of Cryptokittie are bothering to read an antique dealer's/picker's blog, eh?  Too bad they likely are not....they could use some of the criticisms to tweak the site...and maybe gain some insight on the potential for the platform itself, from an entirely different point of view than they see it. 

(*in a Yoda voice*)  On the table leaving dollars they are.

I have 25+ years experience in the collectibles business, which is something that they really could use in order to get the maximum out of the platform. A totally different set of eyes, viewing the potential from totally different angles.

That seems to be the big issue with many sites....the tech side doesn't get the nuances and culture of collectibles, antiques, and this business in general.  

Take for example Canadianpickers.com...they used to be an auction site....well, it tanked because of the way it was managed and operated. The tech side had no idea how the culture works in this business. Sometimes I wish I had never sold the domain name to them....oh well, had to pay bills!

Just a picker's life!

Where is That Litterbox...

Cigars all around!

So, I am now the proud father of 2 Crytpokitties!

I bought two...one named Mau the other named Peach Otaku Anime Cat (POAC for short).

Anyway, I tried to breed the two of them together, and it turns out you need to pay even to a breed your own cats. I think I have issue with that.....seems to me they are mine, so breeding them together is my business.

Oh well.  Will pay the fee and see what results....Franken Kitty?

I am disappointed, as I thought that I would be able to create my own cat, add details, etc, but that seems to not be the case. 

So, here are the two cats:

I'll soon be a grandpa...., but apparently it takes 7 hours for them to have an offspring...so, we'll have to wait. 

One thing you may have forgotten about is the $$$$$.  It has cost me about $30 US to get this far, between buying the two Cryptokitties, fees for buying  Ethers, fees for transferring money around, fees for breeding, fees to use Erthers to pay for breeding, etc, etc, etc. Hmmmmm. 

Quite the little business, with fees everywhere you turn. I think at this juncture I will stay with whatever I have after the "birth" or rather, hatch (yes, they have eggs), and see if in time I can sell one and recoup my expenditures, or at least part of my expenditures.   I don't mind sitting on my "investment" for a little bit, at least in this case it doesn't take up a ton of space, unlike my current inventory. 

It is also an investment in Ethers...theoretically they could go up in value, also, as Bitcoin has. Ethers seem to be the poor cousin of Bitcoin, from what I can see.  

Perhaps I can eventually buy some Bitcoin from the huge profits I get from breeding and selling Crytopkitties!  

Yes, that is sarcasm you can see dripping off of that sentence.

From what I can see thus far, unless you are right into Crytokitties, a real Cryptokittie nut, who is selling to other Cryptokittie nuts, I can't see how it could be profitable....unless your Cryptokittie gets bought for some outrageous sum (like the $104 million I mentioned in a posting previously).....which is unlikely, unless there is some stoned Arab Shiek with millions to burn who is enamoured by your Cryptokittie....

Looking more like an early Beanie Baby scenario. Might be an opportunity to make money early on, but the longevity of the idea might have a limited lifespan....but, then again, the internet is the Wild West, and someone might just give it legs by spinning off the idea off into something else. 

The thing is, seeing as you own the Cryptokittie, you theoretically could have Cryptokittie races....Crytokittie breeder's shows, heck Crytokittie catfights even.... It is yours to do with what you wish, after all.

Hmmm....Crytpokittie catfights....oddly enough, that might be an idea with legs. You heard it here first!  I certainly don't condone harm to animals, but when it comes to digital cartoon animals, well I may not have as much a problem with that....!  

Now that is something you can't do with a Beannie Baby!