Back of shorts sponsorship

[revilo]

What the fuck is this

[milano]

I'm looking forward to the side of socks sponsorship. Oh! and the jockstrap partnership .................

[ExeterAddick]

Jul 30, 2022 9:46:04 GMT revilo said:

What the fuck is this

Sandgaard doubling our income

[reamsofverse]

Should have Sandgaard's face on the arse part as he's so full of shit!

[aaronaldo]

Never buy the shorts, so it doesn’t affect me much.

However, I don’t like the sponsor (NFTs) at all. Plus the shorts look tacky with that logo on.

[bigandy99]

Maybe the robots could play??

[dartford36]

Not too fussed by the sponsorship - but what the bloody hell is a “non-fungible token project”? Anyone?

Jesus, I’m getting old .

[revilo]

[revilo]

Jul 30, 2022 11:33:46 GMT dartford36 said:

Not too fussed by the sponsorship - but what the bloody hell is a “non-fungible token project”? Anyone?

Jesus, I’m getting old .

Not 100% sure but I believe it's similar to crypto and bitcoin whereby tokens hold different value so can be bought and sold, some NFTs can be used as a way to be invited to special events.

[tonaddick]

Jul 30, 2022 11:35:16 GMT revilo said:

I don't often get along with the CAST agenda in the past.  But this is a positive and timely response.

[smudge7946]

Jul 30, 2022 11:35:16 GMT revilo said:

Under 18s are not allowed by law to invest in this sort of rubbish.

The club doesn't have to do anything, Chalton fans are not P@l@*e or M1//&@ll fans and therefore not educationally sub normal cretins and don't need to be told that this sort of 'project' is an ideal way to separate idiots from their money.

The big question is what on earth possessed Generous Robot to hawk this crap to Charlton rather than other South London teams.

[newyorkaddick]

I consider myself reasonably intelligent and financially savvy but I still have absolutely no clue what this means (which may ironically prove both of my assumptions):

"The company is a non-fungible token (NFT) project focused on providing a suite of web-3 tools and services for crypto portfolio management."

[Mundell]

If anyone still has any doubt that Thomas Sandgaard is a snake oil salesmen with little regard for business ethics this new sponsorship ought to finally convince them. 

I’ve just watched this YouTube video on Generous Robots NFTs.

Just like newyorkaddick I consider myself to have a decent knowledge of financial matters, but I have very little understanding of WTF is going on here. What I do know, however, is that this is almost certainly complete Bollox. It’s a con trick with no substance. At the risk of sounding unduly pious, I’m appalled the club is associated with such an obvious Ponzi scheme. 

It’s pathetic. If the club tries to sell these or any other NFTs to fans my advice is to avoid them like the plague. 

[smudge7946]

Jul 30, 2022 21:50:20 GMT Mundell said:

If anyone still has any doubt that Thomas Sandgaard is a snake oil salesmen with little regard for business ethics this new sponsorship ought to finally convince them. 

I’ve just watched this YouTube video on Generous Robots NFTs.

Just like newyorkaddick I consider myself to have a decent knowledge of financial matters, but I have very little understanding of WTF is going on here. What I do know, however, is that this is almost certainly complete Bollox. It’s a con trick with no substance. At the risk of sounding unduly pious, I’m appalled the club is associated with such an obvious Ponzi scheme. 

It’s pathetic. If the club tries to sell these or any other NFTs to fans my advice is to avoid them like the plague. 

If anyone suggests to get on board with this, just stick your arms out at a 45 degree angle and let your fingers go limp. Then vigouously cross your arms. Stick your tongue into your lower jaw and say the following
"Eeeerrrrrr. My names (person's name.) What's your problem?"

[AndyAddick]

Jul 30, 2022 21:50:20 GMT Mundell said:

If anyone still has any doubt that Thomas Sandgaard is a snake oil salesmen with little regard for business ethics this new sponsorship ought to finally convince them. 

I’ve just watched this YouTube video on Generous Robots NFTs.

Just like newyorkaddick I consider myself to have a decent knowledge of financial matters, but I have very little understanding of WTF is going on here. What I do know, however, is that this is almost certainly complete Bollox. It’s a con trick with no substance. At the risk of sounding unduly pious, I’m appalled the club is associated with such an obvious Ponzi scheme. 

It’s pathetic. If the club tries to sell these or any other NFTs to fans my advice is to avoid them like the plague. 

About as credible as mr Ponzi

[Deleted]

As long as it’s legal (and it is), leave it to adults to make informed, adult decisions. I don’t have a problem with this sponsorship.

CAST is almost entirely made up of card carrying professional lefties - trust them to climb all over this, yet turn a blind eye to plenty of other things that are wrong at the club.

[kings hill addick]

Jul 30, 2022 21:50:20 GMT Mundell said:

If anyone still has any doubt that Thomas Sandgaard is a snake oil salesmen with little regard for business ethics this new sponsorship ought to finally convince them. 

I’ve just watched this YouTube video on Generous Robots NFTs.

Just like newyorkaddick I consider myself to have a decent knowledge of financial matters, but I have very little understanding of WTF is going on here. What I do know, however, is that this is almost certainly complete Bollox. It’s a con trick with no substance. At the risk of sounding unduly pious, I’m appalled the club is associated with such an obvious Ponzi scheme. 

It’s pathetic. If the club tries to sell these or any other NFTs to fans my advice is to avoid them like the plague. 

Just watched the YouTube video. Is this, really, unregulated?

It is clearly going to make money for those that start it but as soon as they run out of people to buy the ‘robots’ it’s all going to come crashing down and anyone still owing robots at that point won’t be able to give them away.

Interesting that the chap narrating the video gave details of what you. Annown but never mentioned what the Robots cost. It’s all well and good being able to ‘collect’ c.$4k a month but it means nothing unless you know what the stake is.

[reamsofverse]

Sandgaard would flog his own family if it meant making money.

[Mundell]

Jul 31, 2022 11:40:22 GMT kings hill addick said:

Jul 30, 2022 21:50:20 GMT Mundell said:

If anyone still has any doubt that Thomas Sandgaard is a snake oil salesmen with little regard for business ethics this new sponsorship ought to finally convince them. 

I’ve just watched this YouTube video on Generous Robots NFTs.

Just like newyorkaddick I consider myself to have a decent knowledge of financial matters, but I have very little understanding of WTF is going on here. What I do know, however, is that this is almost certainly complete Bollox. It’s a con trick with no substance. At the risk of sounding unduly pious, I’m appalled the club is associated with such an obvious Ponzi scheme. 

It’s pathetic. If the club tries to sell these or any other NFTs to fans my advice is to avoid them like the plague. 

Just watched the YouTube video. Is this, really, unregulated?

It is clearly going to make money for those that start it but as soon as they run out of people to buy the ‘robots’ it’s all going to come crashing down and anyone still owing robots at that point won’t be able to give them away.

Interesting that the chap narrating the video gave details of what you. Annown but never mentioned what the Robots cost. It’s all well and good being able to ‘collect’ c.$4k a month but it means nothing unless you know what the stake is.

My own view is that if people want to buy NFTs and speculate that prices will rise as more mug punters are succoured in then so be it. Its hard to stop a fool and his/her money being parted.

However, for me at least, a problem arises when the platform presents something pseudo scientific which is lacking in transparency and potentially misleading. In this case, Generous Robots appear to be offering an income stream, which is a function of the size of investment (stake) the lock up period and the type of Robot. The obvious question is where does the surplus come from to provide that income? 

The obvious answer is that investors are paying somehow, either directly or indirectly, with the winners being the early investors and so-called Whales. I’ve linked here a Generous Robots guide. If you click on the Staking and Rarities tab you’ll see that the ‘income’, at all levels, has now halved relative to that quoted in the video. I wonder if that possibility was noted in the T&Cs? 

There is still a case for simply allowing people to make their own mistakes, but there are no health warnings here, unlike on cigarettes, for example, or disclosures and disclaimers of the type you’d see on regulated financial products. I’m not sure what the answer is there, but while others might reasonably disagree I’m personally not comfortable with high profile individuals or companies (like Charlton), who are respected and trusted by those that associate with them, appearing to endorse stuff like this simply because there is money in it for them, especially when there is no evidence they’ve made any effort to understand what it is they are endorsing.

It would be interesting to hear communications guru Raelynn Baloney explain how Generous Robots works.  

[zenga]

I'll try to explain NFT's and why I'm a fan.

First things first "the Blockchain": it's basically a distributed database. Think of it as you having a database (or a spreadsheet) where you keep track of all your cash money transactions. It will look like this:

Entry 1: paid £5 for a coffee
Entry 2: paid £20 for a couple of beers
Entry 3: paid £75 for a pair of sneakers
Entry 4: paid £100 to the bookie

Your wife finds out you went to the bookie and lost, and you open your spreadsheet/database and change Entry 4 to a charity. You can do that because it's on your computer and you have the only version of the spreadsheet/database. Now imagine that every time that spreadsheet/database gets updated it is shared with thousands of people on the internet, and the other copies actually have to confirm that your version is authentic. So when your wife finds out you went to the bookie, you can't change Entry 4, because all the other copies will tell that your copy of the database/spreadsheet is a bogus/altered one.

This blockchain technology is the foundation of Crypto, but can also have many other applications, e.g. the way banks keep track of payment records.

Right so NFT uses this blockchain technology as well. I have a photography side business, and when I have a great art photo I have 2 options: 1) print it and sign it and include some sort of certificate; or 2) just share the photo online. In 1) it's fairly straightforward to prove that you own the physical print of the photo. For 2) it's almost impossible for me to control what happens to the photo and thus it's near impossible to sell a digital copy for a serious price. The only way to make money online is through licensing the photo, so a company pays me peanuts to use the photo on their site or in their ad. NFT changes that completely. Now I can actually connect my original digital photo to an NFT, and sell the NFT to whoever wants to buy it. The buyer now knows that he is the only owner of the photo and can prove it through the NFT. Or in other words, it's basically a way to own digital stuff in the same matter that you own physical goods.

Hope that helped.

Edit: obviously ...
if you don't know shit about horses don't place bets on horse races.
if you don't know shit about the stock market don't speculate.
if you don't know shit about accountancy than go to an accountant for your business
if you don't know shit about crypto/nft ... stay away

[Deleted]

Jul 31, 2022 12:05:40 GMT reamsofverse said:

Sandgaard would flog his own family if it meant making money.

He couldn’t flog his family, he’d have no SMT left.

[revilo]

[smudge7946]

Jul 31, 2022 13:11:21 GMT revilo said:

He don't want to get the covid

[Deleted]

This sponsorship is simply wrong.

Wrong for the integrity and reputation of the Club. It's a very bad move.

[reamsofverse]

Jul 31, 2022 12:23:49 GMT zenga said:

I'll try to explain NFT's and why I'm a fan.

First things first "the Blockchain": it's basically a distributed database. Think of it as you having a database (or a spreadsheet) where you keep track of all your cash money transactions. It will look like this:

Entry 1: paid £5 for a coffee
Entry 2: paid £20 for a couple of beers
Entry 3: paid £75 for a pair of sneakers
Entry 4: paid £100 to the bookie

Your wife finds out you went to the bookie and lost, and you open your spreadsheet/database and change Entry 4 to a charity. You can do that because it's on your computer and you have the only version of the spreadsheet/database. Now imagine that every time that spreadsheet/database gets updated it is shared with thousands of people on the internet, and the other copies actually have to confirm that your version is authentic. So when your wife finds out you went to the bookie, you can't change Entry 4, because all the other copies will tell that your copy of the database/spreadsheet is a bogus/altered one.

This blockchain technology is the foundation of Crypto, but can also have many other applications, e.g. the way banks keep track of payment records.

Right so NFT uses this blockchain technology as well. I have a photography side business, and when I have a great art photo I have 2 options: 1) print it and sign it and include some sort of certificate; or 2) just share the photo online. In 1) it's fairly straightforward to prove that you own the physical print of the photo. For 2) it's almost impossible for me to control what happens to the photo and thus it's near impossible to sell a digital copy for a serious price. The only way to make money online is through licensing the photo, so a company pays me peanuts to use the photo on their site or in their ad. NFT changes that completely. Now I can actually connect my original digital photo to an NFT, and sell the NFT to whoever wants to buy it. The buyer now knows that he is the only owner of the photo and can prove it through the NFT. Or in other words, it's basically a way to own digital stuff in the same matter that you own physical goods.

Hope that helped.

Edit: obviously ...
if you don't know shit about horses don't place bets on horse races.
if you don't know shit about the stock market don't speculate.
if you don't know shit about accountancy than go to an accountant for your business
if you don't know shit about crypto/nft ... stay away

Added one for you:

If you don't know shit about football, don't by a football club!!

[Deleted]

Jul 31, 2022 18:15:01 GMT @lardiman said:

This sponsorship is simply wrong.

Wrong for the integrity and reputation of the Club. It's a very bad move.

Welcome Lardy.

[valleyfaithful]

Crypto is a viable currency alternative but will only become mainstream with mass adoption. It'd take a real shaking to the financial system for this to happen, collapse of the Fed/Bank of England, but does have real-world application. Digital ownership is what many see as being the future (rather than buying a pair of shoes, you might instead buy them for your digital avatar kind of thing) but for me we are decades away, if it ever catches on at all.

Not all NFTs are a ponzi scheme but plenty of examples of whales tanking a coin/project after hitting certain gains is pretty common. There's no issues around suitability or integrity for me, gambling has been a sponsor in the game for years and is 100x worse for individuals than NFTs are.

As Zenga rightly said, if you don't understand, don't invest - but NFTs aren't evil within themselves.

[smudge7946]

Jul 31, 2022 18:15:01 GMT @lardiman said:

This sponsorship is simply wrong.

Wrong for the integrity and reputation of the Club. It's a very bad move.

I never brought a timeshare, an air conditioning unit, enrolled at a glorified polytechnic, or whatever betdaq did.

[Mundell]

Jul 31, 2022 18:15:01 GMT @lardiman said:

This sponsorship is simply wrong.

Wrong for the integrity and reputation of the Club. It's a very bad move.

That’s also my view. The question is what do Generous Robots expect to get out of this? Their objective, obviously, is to increase the size of what they call their ‘community’ in order to boost demand for their tokens, ramping the price to the benefit of existing investors. 

Simply having their name on the back of our shorts isn’t going to do that so there must be something else involved here. They’ll no doubt believe that having a ‘relationship’ with Charlton will enhance their credibility and, in effect. endorse their business. 

From my perspective that’s bad enough, but I suspect they’ll be more. It seems possible the club will help market the tokens in some way and perhaps engage in some joint promotions, i.e. tokens/fund plus discounted shirts etc. 

Its bonkers and, as you say, further undermines the credibility and integrity of the owner. Just my perspective. 

[seriouslyred]

Jul 31, 2022 18:52:37 GMT Mundell said:

Jul 31, 2022 18:15:01 GMT @lardiman said:

This sponsorship is simply wrong.

Wrong for the integrity and reputation of the Club. It's a very bad move.

That’s also my view. The question is what do Generous Robots expect to get out of this? Their objective, obviously, is to increase the size of what they call their ‘community’ in order to boost demand for their tokens, ramping the price to the benefit of existing investors. 

Simply having their name on the back of our shorts isn’t going to do that so there must be something else involved here. They’ll no doubt believe that having a ‘relationship’ with Charlton will enhance their credibility and, in effect. endorse their business. 

From my perspective that’s bad enough, but I suspect they’ll be more. It seems possible the club will help market the tokens in some way and perhaps engage in some joint promotions, i.e. tokens/fund plus discounted shirts etc. 

Its bonkers and, as you say, further undermines the credibility and integrity of the owner. Just my perspective. 

Terms such as greenwashing and sportswashing have been around for a little while. What's the difference between a questionable business and a supposedly legitimate one sponsoring a football club?

And why do they both do it? They all want exposure and to share the legitimacy of the brand. Sports betting companies have been doing this for a couple of decades at both club and league level.

One could get into an in depth discussion about crypto, block chain and legitimate vs ponzi aspects but for me the shutters come down if a business is unregulated but promising returns on an investment.