What do you not understand?
NFT of a jpg sells for $69 million
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- "I could totally eat a pig butt, if smoked correctly!"
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Re: NFT of a jpg sells for $69 million
- kriptopoulin
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- heyzeus
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Re: NFT of a jpg sells for $69 million
Are you in my car yet?
- BottenFieldofDreams
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Re: NFT of a jpg sells for $69 million
I do think crypto currency is here for good, though maybe not just as it is now. NFTs are definitely one of the pets.coms of the new web. When the bubble bursts and I can buy that NFT for $1.5k it's still a hard pass.
- Joe Shlabotnik
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Re: NFT of a jpg sells for $69 million
Transactions take too long. The blockchain is public and easily hacked. The whole thing is controlled by a few players. No way crypto has a long term future.BottenFieldofDreams wrote: ↑March 21 22, 11:09 amI do think crypto currency is here for good, though maybe not just as it is now. NFTs are definitely one of the pets.coms of the new web. When the bubble bursts and I can buy that NFT for $1.5k it's still a hard pass.
- Big Amoco Sign
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Re: NFT of a jpg sells for $69 million
You sound like the people 8 years ago. There's crypto-sponsored sports teams. Gambling. Ads on jerseys etc. All over TV. It's here to stay.Joe Shlabotnik wrote: ↑March 21 22, 11:17 amTransactions take too long. The blockchain is public and easily hacked. The whole thing is controlled by a few players. No way crypto has a long term future.BottenFieldofDreams wrote: ↑March 21 22, 11:09 amI do think crypto currency is here for good, though maybe not just as it is now. NFTs are definitely one of the pets.coms of the new web. When the bubble bursts and I can buy that NFT for $1.5k it's still a hard pass.
I agree that there's a "fourth industrial revolution" element here. And I would advise lots of caution taking part. But it's here for the long while.
- Joe Shlabotnik
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Re: NFT of a jpg sells for $69 million
How in the hell are you going to get writing transactions into the block chain at the scale necessary to use for legal tender? Then there's the electricity needed to keep the whole house of cards from tumbling down. No way this is a long term viable method of payment. No way. And I'll put any amount of money on that.Big Amoco Sign wrote: ↑March 21 22, 1:57 pmYou sound like the people 8 years ago. There's crypto-sponsored sports teams. Gambling. Ads on jerseys etc. All over TV. It's here to stay.Joe Shlabotnik wrote: ↑March 21 22, 11:17 amTransactions take too long. The blockchain is public and easily hacked. The whole thing is controlled by a few players. No way crypto has a long term future.BottenFieldofDreams wrote: ↑March 21 22, 11:09 amI do think crypto currency is here for good, though maybe not just as it is now. NFTs are definitely one of the pets.coms of the new web. When the bubble bursts and I can buy that NFT for $1.5k it's still a hard pass.
I agree that there's a "fourth industrial revolution" element here. And I would advise lots of caution taking part. But it's here for the long while.
It's a sexy prototype. Never fly at the scale it needs to.
- Big Amoco Sign
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Re: NFT of a jpg sells for $69 million
I don't know man... gaining more ground by the year. I don't like it but Bitcoin has already "arrived."
Doesn't help that there's thousands of economic articles saying otherwise.
Doesn't help that there's thousands of economic articles saying otherwise.
- ghostrunner
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Re: NFT of a jpg sells for $69 million
it’s probably here to stay, but as what? I don’t think you can call it a currency, and I don’t think it has a future there. Dollars are already created electronically and that system basically works well. So what’s the real advantage for most people? The complication of it seems like a huge barrier.
- heyzeus
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Re: NFT of a jpg sells for $69 million
That's where I'm at. All of my money is already essentially electronic currency. The future of crypto is the present of crypto: Primarily a speculative asset not unlike precious metals, and then also a better payment system than those same precious metals for black market transactions.ghostrunner wrote: ↑March 21 22, 7:47 pmit’s probably here to stay, but as what? I don’t think you can call it a currency, and I don’t think it has a future there. Dollars are already created electronically and that system basically works well. So what’s the real advantage for most people? The complication of it seems like a huge barrier.