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Interesting thing I've read today: real estate is becoming really expensive because it is slowly becoming more liquid on the liquid scale. Back then, it was har

by baby 5y ago

Interesting thing I've read today: real estate is becoming really expensive because it is slowly becoming more liquid on the liquid scale. Back then, it was hard to buy and sell a house, but as it's becoming easier and easier people treat it more and more like an investment. I think NFTs are trying to do the same for EVERYTHING. But, big but, not everything can be linked "loosely" to a blockchain. There's a lot of people talking about supply chain on the blockchain but so far I'm not seeing any convincing application. On the other hand art is really just about status and signaling, and it makes sense that they would convert more easily into this world.

taurath 5y ago
> art is really just about status and signaling I am convinced that crypto people know literally nothing about the world other than making numbers on a screen go up.
- LordDragonfang 5y ago
  Charitably, they were probably talking about the high-end art market, where that is definitely the case.
  - JaimeThompson 5y ago
    There is some evidence that a decent amount of the transactions in the high-end art market are disguised money laundering
- baby 5y ago
  There’s a lot of economists and finance people working in the field.
LordDragonfang 5y ago
>I think NFTs are trying to do the same for EVERYTHING. I really fail to see how adding lengthy processing logic to transactions makes anything more liquid.
- after_care 5y ago
  I can see how it would make _some_ things more liquid. Imagine if the average residential real estate transaction didn’t require a titling agency. You’d be able to buy a house on a Sunday, or after 6pm. People might be more inclined to buy the $85k North Little Rock House [0] if they didn’t have to sign 2 hours of paperwork and pay $7k in fees. [0] https://www.zillow.com/homedetails/723-W-23rd-St-North-Little-Rock-AR-72114/302938_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare https://www.zillow.com/homedetails/723-W-23rd-St-North-Littl...
  - olliej 5y ago
    You can sign pretty much everything required online at pretty much any time these days.
    - carpo 5y ago
      Last time I bought a house we needed a solicitor or conveyancers to do a title search. That info could be on a blockchain as an nft amd a smart contract could handle it.
      - olliej 5y ago
        What would be the improvement over a database?
        after_care 5y ago
        Trust. A blockchain copy can be better verified than a database.
        olliej 5y ago
        If the content of an NFT or what have you disagrees with the government's records - e.g. the database you would otherwise be querying - the government's records win. The government is the source of truth for title ownership.
Buttons840 5y ago
> There's a lot of people talking about supply chain on the blockchain More and more I wonder if the answer to Fermi's paradox is that all sufficiently advance civilizations discover blockchains and subsequently destroy their planet.

by baby 5y ago

taurath 5y ago

> art is really just about status and signaling I am convinced that crypto people know literally nothing about the world other than making numbers on a screen go up.

LordDragonfang 5y ago
Charitably, they were probably talking about the high-end art market, where that is definitely the case.
- JaimeThompson 5y ago
  There is some evidence that a decent amount of the transactions in the high-end art market are disguised money laundering
baby 5y ago
There’s a lot of economists and finance people working in the field.

LordDragonfang 5y ago

>I think NFTs are trying to do the same for EVERYTHING. I really fail to see how adding lengthy processing logic to transactions makes anything more liquid.

after_care 5y ago
I can see how it would make _some_ things more liquid. Imagine if the average residential real estate transaction didn’t require a titling agency. You’d be able to buy a house on a Sunday, or after 6pm. People might be more inclined to buy the $85k North Little Rock House [0] if they didn’t have to sign 2 hours of paperwork and pay $7k in fees. [0] https://www.zillow.com/homedetails/723-W-23rd-St-North-Little-Rock-AR-72114/302938_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare https://www.zillow.com/homedetails/723-W-23rd-St-North-Littl...
- olliej 5y ago
  You can sign pretty much everything required online at pretty much any time these days.
  - carpo 5y ago
    Last time I bought a house we needed a solicitor or conveyancers to do a title search. That info could be on a blockchain as an nft amd a smart contract could handle it.
    - olliej 5y ago
      What would be the improvement over a database?
      - after_care 5y ago
        Trust. A blockchain copy can be better verified than a database.
        olliej 5y ago
        If the content of an NFT or what have you disagrees with the government's records - e.g. the database you would otherwise be querying - the government's records win. The government is the source of truth for title ownership.

Buttons840 5y ago

> There's a lot of people talking about supply chain on the blockchain More and more I wonder if the answer to Fermi's paradox is that all sufficiently advance civilizations discover blockchains and subsequently destroy their planet.