171–180 of 786 posts
Hitchhikers guide to the galaxy: Earth - a small planet in the outer reaches of spiral galaxy M7529, so far the only planet on record that the semi-intelligent biped inhabitants managed to overheat so badly that they became extinct. Overheating has happened before, of course, however the method of overheating is unique - the inhabitants invented a method of identifying uniqueness by making large calculations and atta…
Hitchhikers guide to the galaxy: Earth - a small planet in the outer reaches of spiral galaxy M7529, so far the only planet on record that the semi-intelligent biped inhabitants managed to overheat so badly that they became extinct. Overheating has happened before, of course, however the method of overheating is unique - the inhabitants invented a method of identifying uniqueness by making large calculations and atta…
This was hilarious and well-written. I've become extremely alarmed at the number of completely non-technical people who don't know anything about how cryptocurrency works getting extremely into it via YouTube click holes. It's obvious that these NFTs are capitalizing on it. A guy I ran into at the hardware store today was talking to me and he didn't understand the concept of a cryptocurrency that has a stable value s…
Long term view we will need digital ownership especially when it comes to content or individual data/items.
When the augmented reality spectacle takes over and everyone is looking through AR glasses, rather than through a small device but through their own eyes, digital collectibles will have more value.
Shared spaces with others will have collectibles that only exist in the virtual space, but also with AR a shared virtual reality. Sitting in your room you can have layers of digital collectables that you can swap out: art, sports/gaming, music, landscapes etc that others can also see and experience. Availability and exclusivity are always part of the market and the augmented world will have similar in many areas.
Eventually consumption will have to move mostly digital with carbon neutral energy generation to prevent overuse of resources, people can collect much more in the digital space. Hoarding digital/augmented content is not as problematic as hoarding in the real world.
Everyone knows this is coming and NFTs seem to be an early iteration of digital ownership to make unique collectibles.
Making games let you know that many players just like to collect things, obsessed with it. Digital collectibles already are a massive market.
When that market changes to an augmented world, where people will share spaces virtually or play games in the real world overlaid with fun elements like games, scenery, educational content, history, events and more. This is when digital content ownership will make more sense when it comes to the unique experiences and items that people will need to make money and a market. This will only grow with more augmented spaces, events, experiences, games, entertainment, education, history and more.
Rather than tie these digital items to a platform, ownership outside the platform is better in terms of being a standard. NFTs might not be the final form, but digital content uniqueness is actually something that can help the planet once the power usage is improved or neutral. If you think about it in the long term, where more people will be viewing augmented experiences from their own eyes (Apple Glasses and more) suddenly it makes more sense, then some items may only exist in that augmented layer.
Hitchhikers guide to the galaxy: Earth - a small planet in the outer reaches of spiral galaxy M7529, so far the only planet on record that the semi-intelligent biped inhabitants managed to overheat so badly that they became extinct. Overheating has happened before, of course, however the method of overheating is unique - the inhabitants invented a method of identifying uniqueness by making large calculations and atta…
Earlier quoted context omitted.
They're not "subsidies", they're just profits earned from selling what was mined, nothing useful happened, it simply makes the blockchain needlessly more expensive for everyone because a nuclear power plant is dumping hashing power into the network. Green energy doesn't change the fundamental nature of PoW, it inevitably expands to consume all available energy because the more energy you can burn the more money you c…
The important part is that the profits from mining are used to reduce rates: so it’s subsidizing the power costs for the customers as well as offsetting the capital investment into the powerplant.
Fundamental transactions like minting new NFTs or buying/selling can be expensive depending on network conditions at the moment. It's not uncommon to see gas fees of $40-$60 to make a single NFT purchase [2].
[1] https://ethgasstation.info/
[2] https://coingeek.com/the-ridiculously-high-cost-of-gas-on-et...
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CryptoPunks will be in the MoMA one day. They are a pioneer — and will be valued as such. Derivative works and obvious cash grabs are a bubble and low effort art will trend back to $0.
> low effort art will trend back to $0 This is being continuously disproved since decades by contemporary art.
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You still might want to hand out tokens to third parties to trade but not copy. I agree that a decentralized structure is not necessary.
If that’s what you want throw a “transfer” button on your site. There’s already a button to do this on the Ticketmaster app.
Well when you buy a ticket from ticketmaster you can’t exactly dictate what features they offer through their platform...not to mention ticket master is a 3rd party service that they take a massive cut.
blockchain is cutting these 3rd parties out in these use cases, allowing the event holders to easily mint the admission tickets and users take advantage of peer to peer open source technology. Meaning easily trace the tickets and buy/trade/sell without relying on Ticketmaster.