Cryptocurrency (20 Viewers)

[swag]

I thought NFT was dumb too until I know what "ownership" really means. There are a few things that made it "clicked" for me last year when I decided to jump into NFT:
1. How do you know mona lisa in Louvre is the real one? Well, you just have to trust that its real based on whatever you can get from google, louvre, art connosieaur, historians, etc.. But if mona lisa is digital art and its minted on blockchain by Michael Angelo himself.. then NOBODY can dispute whoever owns that NFT really owns the original it.
2. How do you know the rare pokemon card you own is really rare? and pokemon won't issue more of those in the future? same thing.. But if they are minted on blockchain we know EXACTLY how many of that rare pokemon card there are in the world.
3. Anything minted in blockchain is open and permissionless. Remember Diablo II where ppl farm items and sold it on secondary market? Now, if game companies start minting items are minted on blockchain now you can freely buy, sell, trade in open market rather than the game itself control the market. This also means that you don't waste all your precious time to play game and made nothing and get scolded by your parents.. P2E gaming will be big. Look at Axie Infinity
4. Related to game items on NFT.. because its open and permissionless.. if Diablo minted an "Excalibur" sword, other games can add that sword to their game. Ready Player One anyone?

Anyway... Albo, i got into Degen Ape, missed on Kongz =(
My biggest return so far on NFT is 0n1force, bought for 0.2eth, sold for 4th. and my SAND digital land, bought for 0.5, its currently around 4eth as well, I'm planning to hold it and buy more cause I'm planning to build a game with it with my son!

I also have my own NFT PFP project, https://houseofwarlords.com which has traits on chain (unlike all pfp projects out there that store their traits off chain), this enables our PFP to transfer traits (i.e. dress up your PFP). If anyone curious about this you can read my blogpost at https://medium.com/house-of-warlord...oot-inspired-on-chain-properties-51c9a9280615

Other than NFT, I've been dabbling with DeFi since early last year, yield farming and stuff

I think 2022 will be year of infrastructure and toolings as the industry is still lack of those, I'm planning to build some myself.. either analytics (like nansen, dune, messari), or DeFi strategy tool, PFP trading tool, etc... so many opportunities in this industry as its still immature and lots of gaps. Any builders and entrepreneurs out there who want to explore feel free to DM me!

Except with 1, it still has the digital twin problem. It's one thing if you encode the logic in the NFT itself like Moxie Marlinspike. But you otherwise have to trust that Michelangelo is the owner and the Eth addy is legitimately his. Otherwise we wouldn't have the level of Discord scams as we do.

They gotta fix the gas fees though. The whole Constitution DAO fiasco is a lesson in how transaction costs can rape you.

 

Buy on AliExpress.com

[campionesidd]

I thought NFT was dumb too until I know what "ownership" really means. There are a few things that made it "clicked" for me last year when I decided to jump into NFT:
1. How do you know mona lisa in Louvre is the real one? Well, you just have to trust that its real based on whatever you can get from google, louvre, art connosieaur, historians, etc.. But if mona lisa is digital art and its minted on blockchain by Michael Angelo himself.. then NOBODY can dispute whoever owns that NFT really owns the original it.
2. How do you know the rare pokemon card you own is really rare? and pokemon won't issue more of those in the future? same thing.. But if they are minted on blockchain we know EXACTLY how many of that rare pokemon card there are in the world.
3. Anything minted in blockchain is open and permissionless. Remember Diablo II where ppl farm items and sold it on secondary market? Now, if game companies start minting items are minted on blockchain now you can freely buy, sell, trade in open market rather than the game itself control the market. This also means that you don't waste all your precious time to play game and made nothing and get scolded by your parents.. P2E gaming will be big. Look at Axie Infinity
4. Related to game items on NFT.. because its open and permissionless.. if Diablo minted an "Excalibur" sword, other games can add that sword to their game. Ready Player One anyone?

Anyway... Albo, i got into Degen Ape, missed on Kongz =(
My biggest return so far on NFT is 0n1force, bought for 0.2eth, sold for 4th. and my SAND digital land, bought for 0.5, its currently around 4eth as well, I'm planning to hold it and buy more cause I'm planning to build a game with it with my son!

I also have my own NFT PFP project, https://houseofwarlords.com which has traits on chain (unlike all pfp projects out there that store their traits off chain), this enables our PFP to transfer traits (i.e. dress up your PFP). If anyone curious about this you can read my blogpost at https://medium.com/house-of-warlord...oot-inspired-on-chain-properties-51c9a9280615

Other than NFT, I've been dabbling with DeFi since early last year, yield farming and stuff

I think 2022 will be year of infrastructure and toolings as the industry is still lack of those, I'm planning to build some myself.. either analytics (like nansen, dune, messari), or DeFi strategy tool, PFP trading tool, etc... so many opportunities in this industry as its still immature and lots of gaps. Any builders and entrepreneurs out there who want to explore feel free to DM me!

NFTs are just an easy way to scam gullible people out of their money. Nothing more, nothing less.

- - - Updated - - -

Here's a great video on NFTs if anyone's interested.


The top comment on this video describes NFTs perfectly:

nfts are basically you went to the store, bought groceries and you got the receipt and the store kept the groceries

 

[Bjerknes]

 

[.zero]

 

[Quetzalcoatl]

It's gonna be a great year

 

[lgorTudor]

My fellow Ohmies and I witnessed extreme sell pressure which resulted in another liquidation cascade. However, the treasury is stronger than ever. Also, proposals to differentiate rewards for holders vs jumpers will be passed similar to what newer protocols are rolling out.

Stay hard.

Wonderland and BTRFLY too

Lgor 2017 vs 2022

 

[venus_isle]

NFTs are just an easy way to scam gullible people out of their money. Nothing more, nothing less.

- - - Updated - - -

Here's a great video on NFTs if anyone's interested.


The top comment on this video describes NFTs perfectly:

nfts are basically you went to the store, bought groceries and you got the receipt and the store kept the groceries

Very 1 dimensional thinking. Not everyone is a scammer.

Im a technologist and have built 500M+ valuation company, im genuinely a builder who want to build useful thing and there are many amazing builders and amazing artists in the industry.

But yes there are many scammers and cash grabs at the moment

 

[.zero]

I scammer

we scam?

cc @lgorTudor @Cerval

 

[lgorTudor]

I scammer

we scam?

cc @lgorTudor @Cerval

100%

I sit here in a hoodie

- - - Updated - - -

Very 1 dimensional thinking. Not everyone is a scammer.

Im a technologist and have built 500M+ valuation company, im genuinely a builder who want to build useful thing and there are many amazing builders and amazing artists in the industry.

But yes there are many scammers and cash grabs at the moment

Fill us in when there are whitelist & presale & VC allocations to be occupied

cc @Cerval @Dru

 

[Dostoevsky]

I would buy so many books if I had 500 million (unless we talk about some shit currency or hyperinflation).

 

[Cerval]

Fill us in when there are whitelist & presale & VC allocations to be occupied

cc @Cerval @Dru

Yeah that would be cool

@venus_isle

 

[duranfj]

NFTs are just an easy way to scam gullible people out of their money. Nothing more, nothing less.

- - - Updated - - -

Here's a great video on NFTs if anyone's interested.


The top comment on this video describes NFTs perfectly:

nfts are basically you went to the store, bought groceries and you got the receipt and the store kept the groceries

Sound like a old dude. It's new so as everything is going to be more scam at the beginning.

Get use to NFT and, please, save your post so you can tell how wrong were you in just a couple of years

 

[.zero]

Institutional and FOMOs will waste thousands of $ in gas trying to claim this Gucci NFT

FOMOs don’t realize that the institutional bot game is stellar

 

[lgorTudor]

Institutional and FOMOs will waste thousands of $ in gas trying to claim this Gucci NFT

FOMOs don’t realize that the institutional bot game is stellar

https://watchtheburn.com/

 

[AFL_ITALIA]

Very 1 dimensional thinking. Not everyone is a scammer.

Im a technologist and have built 500M+ valuation company, im genuinely a builder who want to build useful thing and there are many amazing builders and amazing artists in the industry.

But yes there are many scammers and cash grabs at the moment

Congratulations on your success

- - - Updated - - -

Institutional and FOMOs will waste thousands of $ in gas trying to claim this Gucci NFT

FOMOs don’t realize that the institutional bot game is stellar

This is why I don't want to touch any of this stuff, it seems stupidly easy to lose a shit ton of money unknowingly.

 

[Cerval]

Cc @lgorTudor @Dru

 

[lgorTudor]

Cc @lgorTudor @Dru

We knew that already Ney-Ney

 

[AFL_ITALIA]

Of course he would.

 

[.zero]

Cc @lgorTudor @Dru

Wanda must have taught Ney how to right-click and save as

 

[icemaη]

Wanda must have taught Ney how to right-click and save as

But the Mona Lisa!