341–350 of 706 posts
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Applies to me - leaving enterprise infrastructure for crypto. I think the tech is mostly useless, but the hype is real, the VC dollars are real. I want to try to capitalize on this.
if you believed it was a bubble you wouldn't leave your current job.
I'm not convinced. People talk grand about "permissionless data" but I fail to see any practical applications. NFTs are a scam and are retroactively obsoleted by digital signatures. All of the ideas about logistics tracking, deed tracking, etc etc are all rendered pointless by the oracle problem, you can get identical guarantees with digital signatures minus the blockchain. DeFi is DOA. Gas fees are insane, "layer 2"…
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>But I also find sneaker and stamp collectors equally perplexing, People for the most part don't get rich off of stamps. Is more of a hobby than an investment.
I know people who made a decent living from sneaker trading though.
I've been noticing this web3 buzzword picking up steam on here for months now. And it all feels very manufactured (much how metaverse has been co-opted and tainted by Facebook). I suspect this web3 push is just cryptobros shoehorning their schemes into relevance. https://trends.google.com/trends/explore?q=web3 On the other hand, if you're paying attention, you might have noticed a push back to web1 and even older tec…
* Not technically web1. It uses `fetch`, but it's a single 100 line HTML file. Web 1.5?
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DeFi is DOA. Gas fees are insane, "layer 2" is just a diplomatic way of saying "offchain centralization" It may come as a surprise but there are other chains that support DeFi apps and which do not have high gas fees like Ethereum. For example, Avalanche and Solana. Collateralized crypto loans are the equivalent of people taking loans out on their equity position so they don’t have to pay cap gains and don’t need to…
That is not why people take out loans. They do it for leverage and to avoid selling because they want exposure to ETH or BTC. There are easier ways to avoid taxes.
Such as?
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Every sale is on the blockchain, so if somebody creates multiple sales of the same item, it would immediately be visible. Of course it depends on the implementation, how do you identify an object? Leonardo could still create one NFT saying "this is ownership of my painting of the woman that always looks at the beholder" and another saying "this is ownership of my painting "Mona Lisa" and it would perhaps not be immed…
> Every sale is on the blockchain, so if somebody creates multiple sales of the same item, it would immediately be visible. There is an infinite number of blockchains.
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You can send two of those assignment signatures to two different parties simultaneously. Is there a way in your system to avoid the double send?
You can do the same thing with blockchain NFTs, just mint another blockchain NFT with the same content. You can say "well, the NFT that was minted first is the true original" but the same is true of the "double sent" digital signature NFT, one will be dated more recently than the other, which affords one identical guarantees of authenticity to the blockchain NFT.
> "$doomrobo_public_key owns $k as of $date" signed with the minter's private key
If you mean the minter could sign multiple owners of $k, of course that’s true, but that’s like saying that a painter could paint the same thing twice or sell printed copies of their paintings. Of course they can, and if they claim that each one is unique they’re likely to find that people don’t value their stuff much.
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Every sale is on the blockchain, so if somebody creates multiple sales of the same item, it would immediately be visible. Of course it depends on the implementation, how do you identify an object? Leonardo could still create one NFT saying "this is ownership of my painting of the woman that always looks at the beholder" and another saying "this is ownership of my painting "Mona Lisa" and it would perhaps not be immed…
> Every sale is on the blockchain, so if somebody creates multiple sales of the same item, it would immediately be visible Just use a different private key for each sale.
> Frankly, it is all too much for me. Same. I've been actively unfollowing people on Twitter every day to clean my feeds of it. I'm not anti-web3 or anti-crypto, but I definitely don't need to read the same rhetoric from 100 people a day. Decentralized trust could be great, but I wonder how much time actually needs to be spent talking about it vs. actually building it...