[Football] Crawley Town no longer officially exist

[CheeseRolls]

I'm really interested in this.
I asked on the bitcoin thread whether it was obligatory to use a cryptocurrency to buy an NFT and was told by [MENTION=12901]CheeseRolls[/MENTION] and [MENTION=599]beorhthelm[/MENTION] that it was as that was how your ownership was recorded.

If an electronic ticket is classed as an NFT then clearly cryptocurrencies don't need to be involved. Is that how you see it?

Also, if an electronic ticket is an NFT, why isn't a paper ticket? Or is it?

So is an Albion digital ST an NFT? If not, isn't the whole blockchain aspect superfluous?

I would argue that tickets/season tickets can be represented as NFTs, but that does not mean that all tickets are NFTs. Also bear in mind this has nothing to do with what the Crawley mob want to do.

NFTs are minted through smart contracts that assign ownership and manage the transferability of the NFT's. When someone creates or mints an NFT, they execute code stored in smart contracts that conform to different standards, such as ERC-721. This information is added to the blockchain where the NFT is being managed.

If you take the current season ticket arrangements. Transferring tickets can be painful. The burden is either on the ticket owner to find someone they can personally vouch for (friends and family) or the club via the ticket exchange. Away ticket sales, transfer etc is a complete grey area.

Earlier this season I bought an away ticket from another NSC member. It worked via mutual trust. He posted the ticket trusting I would pay, I sent the money trusting the ticket was in the post. It all worked out fine, but a smart contract would de-risk this. There are a couple more blockchain related technologies, which can be added into a smart contract.

KYC - Know your customer. Anyone who has been through this opening a bank account knows what a pain this is. With emerging blockchain KYC services, you will own that data and control how it is used. The first advantage is that you do this once and then any requests to verify information about you, you point it at your service. Your service doesn't have to share any information just respond to assertions. "Where does Tom Hark Live?" - "No Does Tom Hark Live near Preston Park?" Yes, Are there recent utility bills to verify this? "Yes" has Tom Hark paid them "No" The KYC is trusted by you with your data and by third parties as they verify your information to an agreed standard.

Oracles - blockchains are not that smart. If you right a smart contract like a simple bet on who will win a game and how much money will be paid, the blockchain has no way of knowing the result, unless the smart contract references another service. Oracles use multiple trusted sources to determine the true outcome and then become the trusted source for the smart contract.

With an NFT season ticket, the club could write a smart contract giving the ticket holder the ability to sell match tickets at a price capped to the match price (makes touting difficult), determine who a ticket can be resold to for example no one with a football banning order in the UK/Europe/the World. No one with a Russian passport. U18 tickets in some parts of the ground can not be sold to adults, in other parts of the ground they can, but the price difference goes to the club not the seller.

You place the ticket on an exchange and get back a payment in crypto or goods in exchange (football ticket swap for concert ticket for example). Hassle free for you. The club can determine exactly who is turning up, without having to run a membership scheme. They can reward season ticket holders for coming to games, or take a percentage cut every time a ticket is sold.

 

[Tom Hark Preston Park]

Me neither. What a pile of w*nk

Sounds like Crawley Town have been taken over by AFTV blud

 

[Tyrone Biggums]

So, a digital ticket itself is not an NFT. If it needs blockchain input (to ensure ownership attribution) then a digital ticket or season ticket isn't itself an NFT, even if it could be.

My main issue with this space is the complete lack of regulation. Other assets have some form of regulation - to a lesser of high degree - but currently NFTs are like the wild west with influencers and high profile people scamming people (usually their fans) royally. Promising NFTs that come with all manor of short and long term project plans and objectives to drive up value, only for the influencer to bin the project off are the first sale and run off with the money. Authorities really need to start clamping down on this type of shit.

Regulation doesn't always mean better.

Crypto was about decentralizing finance and taking the power and influence away from those banking and financial institutions.

One look at the Gamestop short squeeze that occurred shows how these centralised institutions are a huge problem and protected by Governments and the systems they allow them to influence.

You're referencing shit coins. That's a small percentage of crypto that isn't available on any of the major exchanges. None of the large legitimate projects are getting rug pulled,

 

[thedonkeycentrehalf]

I thought I heard El Pres on Radio Sussex yesterday - I guess he was talking about this.

If you can stay awake long enough listening to him, I'm sure he probably made some sense of this

It is on BBC Sounds - https://www.bbc.co.uk/sounds/play/p0bv93km starts at 3:09:25

Intro is taken from a podcast with the buyers where they talk about the excitement of League 2 having promotion and relegation. El Pres then tries to make some sense of it all but he doesn't sound convinced by this.

 

[Rodney Thomas]

Regulation doesn't always mean better.

Crypto was about decentralizing finance and taking the power and influence away from those banking and financial institutions.

One look at the Gamestop short squeeze that occurred shows how these centralised institutions are a huge problem and protected by Governments and the systems they allow them to influence.

You're referencing shit coins. That's a small percentage of crypto that isn't available on any of the major exchanges. None of the large legitimate projects are getting rug pulled,

I guess my main point was about accountability rather than regulation. I understand the basic premise of crypto as well as you do. Some of these shit coin owners need to be held accountable though, some of them could be prosecuted under current legislation but certainly government need to look at updating their laws for the new crypto/NFT reality.

Also, it is not only shit coins but now very much moving into the NFT space (over the last 12 months). Same thing with crypto casinos etc.

 

[Springal]

[tweet]1512399869058576386[/tweet]

 

[beorhthelm]

I'm really interested in this.
I asked on the bitcoin thread whether it was obligatory to use a cryptocurrency to buy an NFT and was told by [MENTION=12901]CheeseRolls[/MENTION] and [MENTION=599]beorhthelm[/MENTION] that it was as that was how your ownership was recorded.

If an electronic ticket is classed as an NFT then clearly cryptocurrencies don't need to be involved. Is that how you see it?

Also, if an electronic ticket is an NFT, why isn't a paper ticket? Or is it?

conceptually a non-fungible token is anything non-fungible. that is something that is unique or otherwise not replaceable for another. fungible is where an item is interchangable with another identical item, like a pound coin, a CD or a brick. a ticket is non-fungible, there are different areas, different view and prices, your seat is specified etc. whether its on paper, a card, QR code.

however the term NFT has been established within the cryptocurrency space and is synonymous with specification of NFTs within the space. so the definition seems a little blurred, but comes down to fact that no one uses "NFT" outside of crypto.

 

[Badger Boy]

Cryptocurrency and NFT are huge and obvious scams. The money doesn't exist, it's all theoretical and in 10 years it'll be hard to believe there was ever a time that people thought it was actual currency.

 

[beorhthelm]

Not at all. What is this nonsense......


“We all gonna make it”

$WAGMI embodies the heart and soul of diamond handed apes. No plebs, no jeets, and no rugs — just moon, ser.

WAGMI is more than a token, it’s a mantra uttered by frens, apes, and degenerates worldwide. It’s about manifesting your wildest crypto gains into reality.

Frens..,WAGMI is everlasting. WAGMI is here to shake up the meme-coin space, combining viral trends with rock solid project development.

thats crypto talk, usually used ironically. this takeover looks interesting concept, i'd be very concerned about them using langauge like that in general public. certainly wrong impression given using ape and degenerate, terms used when you are taking very high/speculative risk.

 

[Hamilton]

I have absolutely no idea what they are talking about.

Every time I think I've got the concept of cryptocurrency and NFTs I end up thinking that it's just a massive scam.

Put it this way, every NFT and Bitcoin is given a dollar value, so at the end of the day it's all about stuff you trust, and that comes back to 'we the people' and not something that is minted on some computer in a sweaty teenager's bedroom.

Good luck Crawley.

 

[Springal]

Cryptocurrency and NFT are huge and obvious scams. The money doesn't exist, it's all theoretical and in 10 years it'll be hard to believe there was ever a time that people thought it was actual currency.

Is all Crypto a massive scam? What / where is the scam?

 

[Tom Hark Preston Park]

Is all Crypto a massive scam? What / where is the scam?

You've handed over currency from the real world in exchange for an entry in a read-only database. If you're lucky, you'll be able to sell on your magic beans to a greater fool and cash back out into real world currency. But in the end it's a zero-sum game where most will lose

 

[Springal]

You've handed over currency from the real world in exchange for an entry in a read-only database. If you're lucky, you'll be able to sell on your magic beans to a greater fool. But in the end it's a zero-sum game where most will lose

That isn’t my experience in 8 years really, but ok

 

[Creaky]

That isn’t my experience in 8 years really, but ok

What you have to ask yourself is where did the increase in “real” cash or goods/services purchased come from. Crypto currencies don’t generate value so for any “gains” made by an individual there must somewhere be the equivalent potential losses being suffered by someone else.

 

[CheeseRolls]

Cryptocurrency and NFT are huge and obvious scams. The money doesn't exist, it's all theoretical and in 10 years it'll be hard to believe there was ever a time that people thought it was actual currency.

Getting back to Crawley Town, the "investors" appear to be taking a big gamble, based on other people's money.

10 years from now, there will have been a huge shake-out and the current hype around NFTs, will be a distant memory and a lot of half arsed ideas will have died a death. Some people will have made an awful lot of money. I don't believe this needs to be at the expense of other people's misery. Others will have lost out, sometimes from their own bad choices, sometimes by being exploited by others or a combination. The technologies, which are driving these changes will be ubiquitous and I believe will benefit everyone, but that is the eternal optimist in me. I am sure there will also be a load of bad stuff and rubbish which will also be hugely successful....just not the Crawley bunch.

 

[dazzer6666]

Getting back to Crawley Town, the "investors" appear to be taking a big gamble, based on other people's money.

10 years from now, there will have been a huge shake-out and the current hype around NFTs, will be a distant memory and a lot of half arsed ideas will have died a death. Some people will have made an awful lot of money. I don't believe this needs to be at the expense of other people's misery. Others will have lost out, sometimes from their own bad choices, sometimes by being exploited by others or a combination. The technologies, which are driving these changes will be ubiquitous and I believe will benefit everyone, but that is the eternal optimist in me. I am sure there will also be a load of bad stuff and rubbish which will also be hugely successful....just not the Crawley bunch.

The fact they are essentially unregulated is a warning bell for many

 

[Tom Hark Preston Park]

The fact they are essentially unregulated is a warning bell for many

And the fact that the same group tried and failed to buy Bradford City in December is a massive red flag. They just want ownership of a league club - any league club - to get their scam up and running

 

[BrianB]

Out of interest - how are they going to pay the players?.
If these things go down as well as up in value would a player who could acquire 5 cans of beans in wages on matchday but finds it only funds 4 cans on cashing in stick with the team ? ...
Asking as someone with a soft spot for Crawley town...

 

[beorhthelm]

What you have to ask yourself is where did the increase in “real” cash or goods/services purchased come from. Crypto currencies don’t generate value so for any “gains” made by an individual there must somewhere be the equivalent potential losses being suffered by someone else.

you need to think of each token as company shares. the token/share may not itself do something but the tech/team behind the project might provide some use.

 

[beorhthelm]

The podcast from the new owners is really interesting, if you half an hour to kill, listen without prejudice
https://podcasts.apple.com/gb/podcast/the-joe-pomp-show/id1593114026?i=1000556511687

having listened they seem well intentioned but naive about the Football Leauge. the basic thesis is they can invest more money and improve the club and it'll do better...
the twist is they hope to promote the club internationally, generating revenue from a worldwide base rather than 10 miles around the club. they might make something of it on the novelty and promotion within crypto community. though i never heard of the WAGMI project, and the state of the website, i question their abilities in promotion.