Please educate me on the NFT ecosystem and some of the best staking opportunities.
I’m fully expecting “right click save as”
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
I’m fully expecting “right click save as”
I’ve never said I’m an expert on NFTs but,
for what it’s worth, I pushed my 15-year old to learn how to mint on Opensea. I don’t think he’s sold any yet as the supply has grown considerably in recent months. He’s found that it’s def not as easy as he originally thought. Re: staking, that’s not my thing (at least not yet). However, I’m extremely interested in what I predict will be a true innovation if it can ever go mainstream = Tokenization as a Service (TaaS). I think it will be a game changer in real estate and other industries.
Not to interrupt but good to see some actual NFT conversation opportunity here. I’m staking three Super Shadowy Coders directly and collecting the $shdw and double dipping on Orca. I think they are one of the best projects out there.
Recently minted four Sea Shanties, their road map (wet map) is beyond complicated but has been very well received. Minted at 1 SOL, sitting around 14-16.
Any suggestions for other projects to look at?
I minted a Metashark Project and also Crazy Clown Asylum. Roadmaps are very different and I was just trying to understand more about NFTs and how they work.
I have not sold any or really got into the trading game yet. That said, I think it is all BS and there could be unlimited projects out there that it almost becomes a waste of time and money. Look at the gas fees you have to pay just to buy and even stake.
someone said it earlier but I think tokenization can have some really huge benefits in the real world along the blockchain. I am still not a buyer if the metaverse which to me feels like more vapor ware as it’s not finite. So all these people paying tons of money for land in the metaverse I still don’t get
Come on over to Solana. The gas fees are not an issue. I minted one Eth NFT on opensea and the gas was more than the NFT. Probably my one and only there.
Agree 100% - not nearly as easy as folks make it sound especially when supply simply continues to grow with no end - unlimited/infinite seems true.
IMO, the only way the metaverse becomes something other than pure entertainment is through tokenization. I spent a ton of time toying with Second Life back in the day - and the issue was always proof of ownership. For me, unless I had “digital” proof of ownership it was all meaningless. If I had half a brain I would have seized that opportunity to try and solve the problem with a centralized token platform.
Yeah cost me more in gas fees to buy these clowns than the actual mint price
I’ve been pretty busy lately so don’t have any good upcoming mints. I really like Invisible Friends, but the WL is impossible to get on. I’ll have to take a look at yours.
Gas is so bad, but I feel like all the action is on OpenSea
Slowly but surely people are moving to Solana. Won’t take over but it will even out if ETH doesn’t fix the gas issue
They’ll need to be some big projects to garner attention, like BAYC. Are there any Solana projects like that with celebrity involvement?
Most of the top NFT’s on Solana are all for utility projects. As for the more traditional route- Steve Aoki, Mike Tyson and a few others are in on this but it hasn’t moved much…
I posted this in the Stock/investment thread earlier this week…
I've been harping on this for some time re: the gas issue. It's absurd.
Appreciate the NFT talk here. It's one area that I havent had the time to get myself into.
Krugman is a tool...... but, if you don't think this is all part of a plan... u ain't paying attention...
www.nytimes.com
Opinion | How Crypto Became the New Subprime
Once again, risky financial products are being sold to the vulnerable.
Mike Tyson’s Pigeons Are Available for Sale as NFTs
Mike Tyson takes it to Twitter to promote the sale of his pigeons on NFTs. Here's a look at what 'Iron' Mike has to say.
www.essentiallysports.com
Seems like Grayscale is ready to sue the SEC on the spot-ETF. Sounds good to me. Time for the SEC to step-up and make some decisions:
www.politico.com
SEC’s crypto crusade at risk in looming legal battles
Cryptocurrency payments firm Ripple has started to rack up procedural court victories as it fends off the SEC in a case that could redefine how the agency polices digital assets.
www.politico.com
IMO So are wipeouts , roller coaster drops and wtf was I thinking moments for the lifos ( last in first out)..
Ponzi says "Hi” ,
Mo
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Anyone see that commercial during the Chiefs game?
itrustcapital.com
iTrustCapital | The #1 Crypto IRA Retirement Platform
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itrustcapital.com
Cryptocurrency Backers Sound Alarums Over Attempted Power Grab by Treasury
Supporters of Bitcoin and other cryptocurrencies are raising alarms about a provision in the America Competes Act that they claim would give U.S. Treasury officials the virtually unchecked ability to lock down crypto accounts if they suspect
Does anyone have any thoughts on Silvergate Capital as an investment? I haven’t done much research yet, but looks like they are buying the Libra/Diem assets and are involved with the back-room crypto transactions. I raised the issue here first instead of the stock thread since it’s really a crypto play.
I know nothing about it, but Libra>>>Diem has been seemingly doomed since the announcement. Anything waving that flag would concern me. Again, I know nothing about it
Have you kicked around GBTC at all?
This from Fidelity. Pretty validating IMO.
Fidelity, which has trillions of dollars under management, published a report yesterday that is taking the internet by storm. The paper is titled “BITCOIN FIRST: Why Investors Need to Consider Bitcoin Separately From Other Digital Assets” and highlights a framework that investors can use to evaluate bitcoin and other digital assets as they begin to invest in the crypto industry.
The summary clearly outlines the main differences between bitcoin and other assets, along with which perspective each asset should be viewed through:
Bitcoin is best understood as a monetary good, and one of the primary investment theses for bitcoin is as the store of value asset in an increasingly digital world.
Bitcoin is fundamentally different from any other digital asset. No other digital asset is likely to improve upon bitcoin as a monetary good because bitcoin is the most (relative to other digital assets) secure, decentralized, sound digital money and any "improvement" will necessarily face tradeoffs.
There is not necessarily mutual exclusivity between the success of the Bitcoin network and all other digital asset networks. Rather, the rest of the digital asset ecosystem can fulfill different needs or solve other problems that bitcoin simply does not.
Other non-bitcoin projects should be evaluated from a different perspective than bitcoin.
Bitcoin should be considered an entry point for traditional allocators looking to gain exposure to digital assets.
Investors should hold two distinctly separate frameworks for considering investment in this digital asset ecosystem. The first framework examines the inclusion of bitcoin as an emerging monetary good, and the second considers the addition of other digital assets that exhibit venture capital-like properties.
I have previously discussed a similar framework in my letter titled “Monetary Maximalism & Technology Competition.” In the piece, I stated “The identification of two separate revolutions is important because it gives us a framework to discuss the importance of monetary maximalism, while still acknowledging tremendous value accrual to non-monetary assets.” There are two different bodies of work going on here. If you attempt to evaluate both of them through the same lens, you will miss the value and potential of each of them.
Fidelity had a number of great points in their research paper. The first was a comparison between gold, bitcoin, and fiat currencies to call out why they believe bitcoin is a superior monetary good.
They then explicitly call out that any future creation of another digital monetary good would simply be a reinvention of the wheel. They stated “The invention of the wheel represented an entirely new technology that once invented could never be reinvented. Similarly, never before in human history had the problem of digital scarcity and a true peer-to-peer electronic cash been solved until Bitcoin was invented. Solving this problem was not merely an incremental improvement but a leap forward or an unlocking of the puzzle of how digital scarcity could exist.”
Lastly, Fidelity acknowledges that there are thousands of developers building various technologies and protocols. They understand that the other ecosystems are pursuing non-monetary good use cases. It appears they are less excited about these opportunities at the present moment:
“In a world of multiple winning chains, it still appears that Bitcoin is likely the best equipped to fulfill the role of the ecosystem’s non-sovereign monetary good with relatively less competition than other digital assets attempting to fulfill alternative use cases. The explicit emphasis on security and maximum decentralization reinforces its ruleset and enforces all users’ rights equally. Furthermore, as a result of its scarcity and enforced supply limit, Bitcoin is the closest a digital protocol could be to enforcing absolute scarcity. In other words, any project or other blockchain network that requires its users to believe they are transacting with a token that has real monetary value likely needs to be directly or indirectly connected to bitcoin as the ultimate monetary good. For example, people use tokens at an arcade for ease of use and utility and attribute value to them because they know they represent a certain dollar amount or can be traded for other goods and prizes. However, outside of the native arcade environment, the tokens have little to no value.
This world leaves non-Bitcoin tokens battling to prove other viable use cases for their technology. They’re aiming to find the right tradeoff for some particular level of base layer scaling and encountering vast competition for development and functionality enhancements. This is not an indictment of those building on or investing in non-Bitcoin chains, but merely an observation that bitcoin’s clear advantage as a store of value asset reduces its risk even in a world that contains an ecosystem of many vibrant digital assets. Assuming this outcome, bitcoin is still a clear beneficiary of flows into the overall digital asset space given that it is viewed as the ultimate monetary digital asset, making it arguably the greatest risk-adjusted and easiest investment to understand and allocate towards across all of the digital asset landscape.”
Fidelity has been researching and participating in the bitcoin ecosystem for years. It is still surreal to see a multi-trillion dollar asset manager writing these types of research papers, including the level of detail and nuance that is included in this specific piece. I highly recommend you read the full report here if you haven’t already.
Fidelity, which has trillions of dollars under management, published a report yesterday that is taking the internet by storm. The paper is titled “BITCOIN FIRST: Why Investors Need to Consider Bitcoin Separately From Other Digital Assets” and highlights a framework that investors can use to evaluate bitcoin and other digital assets as they begin to invest in the crypto industry.
The summary clearly outlines the main differences between bitcoin and other assets, along with which perspective each asset should be viewed through:
Bitcoin is best understood as a monetary good, and one of the primary investment theses for bitcoin is as the store of value asset in an increasingly digital world.
Bitcoin is fundamentally different from any other digital asset. No other digital asset is likely to improve upon bitcoin as a monetary good because bitcoin is the most (relative to other digital assets) secure, decentralized, sound digital money and any "improvement" will necessarily face tradeoffs.
There is not necessarily mutual exclusivity between the success of the Bitcoin network and all other digital asset networks. Rather, the rest of the digital asset ecosystem can fulfill different needs or solve other problems that bitcoin simply does not.
Other non-bitcoin projects should be evaluated from a different perspective than bitcoin.
Bitcoin should be considered an entry point for traditional allocators looking to gain exposure to digital assets.
Investors should hold two distinctly separate frameworks for considering investment in this digital asset ecosystem. The first framework examines the inclusion of bitcoin as an emerging monetary good, and the second considers the addition of other digital assets that exhibit venture capital-like properties.
I have previously discussed a similar framework in my letter titled “Monetary Maximalism & Technology Competition.” In the piece, I stated “The identification of two separate revolutions is important because it gives us a framework to discuss the importance of monetary maximalism, while still acknowledging tremendous value accrual to non-monetary assets.” There are two different bodies of work going on here. If you attempt to evaluate both of them through the same lens, you will miss the value and potential of each of them.
Fidelity had a number of great points in their research paper. The first was a comparison between gold, bitcoin, and fiat currencies to call out why they believe bitcoin is a superior monetary good.
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“In a world of multiple winning chains, it still appears that Bitcoin is likely the best equipped to fulfill the role of the ecosystem’s non-sovereign monetary good with relatively less competition than other digital assets attempting to fulfill alternative use cases. The explicit emphasis on security and maximum decentralization reinforces its ruleset and enforces all users’ rights equally. Furthermore, as a result of its scarcity and enforced supply limit, Bitcoin is the closest a digital protocol could be to enforcing absolute scarcity. In other words, any project or other blockchain network that requires its users to believe they are transacting with a token that has real monetary value likely needs to be directly or indirectly connected to bitcoin as the ultimate monetary good. For example, people use tokens at an arcade for ease of use and utility and attribute value to them because they know they represent a certain dollar amount or can be traded for other goods and prizes. However, outside of the native arcade environment, the tokens have little to no value.
This world leaves non-Bitcoin tokens battling to prove other viable use cases for their technology. They’re aiming to find the right tradeoff for some particular level of base layer scaling and encountering vast competition for development and functionality enhancements. This is not an indictment of those building on or investing in non-Bitcoin chains, but merely an observation that bitcoin’s clear advantage as a store of value asset reduces its risk even in a world that contains an ecosystem of many vibrant digital assets. Assuming this outcome, bitcoin is still a clear beneficiary of flows into the overall digital asset space given that it is viewed as the ultimate monetary digital asset, making it arguably the greatest risk-adjusted and easiest investment to understand and allocate towards across all of the digital asset landscape.”
Fidelity has been researching and participating in the bitcoin ecosystem for years. It is still surreal to see a multi-trillion dollar asset manager writing these types of research papers, including the level of detail and nuance that is included in this specific piece. I highly recommend you read the full report here if you haven’t already.
Unless Wormhole has, or offers, crypto insurance I doubt there is any coverage. Unfortunately there is virtually no way of preventing hacks in a centralized or decentralized environment.
I have been saying for a long time, SOL is not game time ready yet. Since the blockchain is still centralized quite a bit, it is easier to hack and crashes a lot.
Great potential in SOL, but 3-4 years behind ETH and currently behind ADA in development.
It looks like the money has been returned. Trying to read more on where/how that came to be, but someone funded it
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These are public blockchains so the money gets traced in these hacks most of the time and the money is recovered thankfully
Apparently they offered $10M as a bug bounty in exchange for returning the money.
Anyone looking at any other passive income plays? Been thinking about buying a Strongnode, but not sure if it’s too late in the game.
Was also looking for a project that invests in many nodes, and acts like a fund manager. Found one called Yieldnodes, curious if there are others.
I like how you think. Aside from $shdw, I'm in a few NFT projects that provide some yield in their own ecosystems but its a bit of a crapshoot and I'm not all that into how they work. Yieldnodes has great feedback out there. I need to find more like that.
I joined the $shdw discord btw. Doing some research, interesting project for sure.
Yeah the reason I like the fund concept is because I like diversity and I don’t have enough time to find the new projects which usually have high yields.
Unexpected benefit of BTC/crypto. :)
www.cnbc.com
Bitcoin has become a lifeline for sex workers, like this former nurse who made $1.3 million last year
Shut out of the traditional economy, sex workers and adult entertainers are embracing cryptocurrency to secure their finances.
Looks like FTX has it. I’m wondering if @bob-loblaw was talking about buying the Helium (HNT) coin versus going the route of mining, staking, etc (https://www.helium.com/). Interesting looking project, I need to keep reading up on it.
