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OT: Bitcoin, Altcoins, NFT's & All Things Crypto

T2Kplus20 said:
Sooner or later, sports and event tickets will be issued via a blockchain. Track ownership and allow teams/artists to profit if the tickets are sold at a higher price. That's coming.
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Totally agree - and that can all be done with a time-stamp server and a ticketing application without a single coin or token tied to any of it.
 
RUAldo said:
Totally agree - and that can all be done with a time-stamp server and a ticketing application without a single coin or token tied to any of it.
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Ticketmaster already testing this via the ETH network.
 
RUAldo said:
BTC traded up to $100K+ based on what = supply and demand (cough, FOMO and speculation). Do you think if there were thousands of Mantle rookie cards available today one would have recently sold for over $12M? If scarcity and 21M cap is the BTC argument, then you don’t think fractionalization undermines the asset? Millibitcoins don’t affect value? Microbitcoins don’t affect value? If someone somehow were to create more than 21M BTC that wouldn’t affect the value? This is Econ 101.
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It would be interesting if the inefficiency of blockchain management is what drives scarcity and value inflation the most. If a better blockchain platform came out, why would bitcoin hold any value? As soon as demand turns negative, deflationary pressures will kick in.

Its like people paying for more broadband then they need because the service is so crappy. Nice business to be in.
 
Rutgers Chris said:
The funny thing is this has happened. Collectible.com fractionalized ownership of trading cards and other memorabilia.
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I have not looked at collectible.com but almost every one of these fractional ownership arrangements do not result in fractional ownership of the actual art or memorabilia. What you are buying is fractional ownership in the company/entity that owns the art of memorabilia. Huge difference.
 
RUAldo said:
BTC traded up to $100K+ based on what = supply and demand (cough, FOMO and speculation). Do you think if there were thousands of Mantle rookie cards available today one would have recently sold for over $12M? If scarcity and 21M cap is the BTC argument, then you don’t think fractionalization undermines the asset? Millibitcoins don’t affect value? Microbitcoins don’t affect value? If someone somehow were to create more than 21M BTC that wouldn’t affect the value? This is Econ 101.
Click to expand...
You keep making the wrong argument over and over. Naming Bitcoin fractional amounts does not in any way shape or form change the amount of bitcoin, no matter how many decimal points you want to go out to. There is still just 21M. Bitcoin has always been fractionalized, this is not a change no matter how many names you come up with for it.

No one is disagreeing that creating more bitcoin would impact its value. We all agree on that. Separate these two thoughts and you’re on the right track.
 
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I haven’t listened to the full episode yet, I will in a few days, but this has been all over my feed. A clear, concise example of the use case of stable coins.

 
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