3 ms·

What about spending a few bucks to buy some and then trying to use it?

xwolfi 5y ago
You would learn way too fast that it lacks any purpose ! Better spend time and money learning all the way to shuffled tokens online before learning the final lesson: most people dont recognize the value you spent on them.
- benjaminwootton 5y ago
  Most people don’t recognise the value of almost everything you buy. The important thing is that somebody does.
BLKNSLVR 5y ago
That's how I started learning. I was researching online anonymity and Monero was the 'gateway drug' (yeah, not Doge or even Bitcoin) into the whole cryptocurrency ecosystem. There's a lot to learn just setting up an account on an exchange, and in respect to anonymity, many on-ramp gaps have been closed fairly recently (as a result of the explosion in popularity in early 2021) so those seeking such things are increasingly pushed to less-trustworthy fringe services (no judgement on the right- or wrong-ness of any aspect of this) where you may just be kissing your fiat goodbye - but then those seeking anonymity are probably OK with a certain level of risk.
wmf 5y ago
Literally a few bucks doesn't buy a single transaction fee now. The article mentions that sacrificing gas fees of up to US$100 to buy a $221 image of a bee or having to purchase a minimum amount of governance tokens to properly participate in a DAO of your choosing isn't a good experience for newcomers. If you think fees will never be fixed, fine, but otherwise it's giving people a false impression of crypto.
- magicjosh 5y ago
  Depends on what cryptocurrency you want to experiment with. Bitcoin Cash looks to have $0.0007 transaction fees [1]. Seems like $5 would get you some basic experience. Another option is to get some free tokens from a testnet faucet, then everything you play with is free. [1] https://blockchair.com/bitcoin-cash/charts/median-transaction-fee-usd https://blockchair.com/bitcoin-cash/charts/median-transactio...
  - wmf 5y ago
    You're not going to be learning much about smart contracts, DeFi, NFTs, etc. on obscure chains though.
    - magicjosh 5y ago
      Depends on what you want to learn. Rocketpool has a testnet setup so you can play with ETH staking: https://docs.rocketpool.net/guides/testnet/overview.html https://docs.rocketpool.net/guides/testnet/overview.html Get some free testnet ETH and try it out! I haven't looked into minting NFT on testnet. You can write your own contracts on testnet tho but that's a heavier lift. Disclosure: I own crypto and think ETH will be <$0.05 USD for a transfer within 4 years.
    - big_youth 5y ago
      Depends, a non technical friend of mine asked me about polygon because their favorite artist was mining NFT's. The coinbase -> metamask -> mint process was less than .25cents

You would learn way too fast that it lacks any purpose ! Better spend time and money learning all the way to shuffled tokens online before learning the final lesson: most people dont recognize the value you spent on them.

benjaminwootton 5y ago
Most people don’t recognise the value of almost everything you buy. The important thing is that somebody does.

BLKNSLVR 5y ago

That's how I started learning. I was researching online anonymity and Monero was the 'gateway drug' (yeah, not Doge or even Bitcoin) into the whole cryptocurrency ecosystem. There's a lot to learn just setting up an account on an exchange, and in respect to anonymity, many on-ramp gaps have been closed fairly recently (as a result of the explosion in popularity in early 2021) so those seeking such things are increasingly pushed to less-trustworthy fringe services (no judgement on the right- or wrong-ness of any aspect of this) where you may just be kissing your fiat goodbye - but then those seeking anonymity are probably OK with a certain level of risk.

wmf 5y ago

Literally a few bucks doesn't buy a single transaction fee now. The article mentions that sacrificing gas fees of up to US$100 to buy a $221 image of a bee or having to purchase a minimum amount of governance tokens to properly participate in a DAO of your choosing isn't a good experience for newcomers. If you think fees will never be fixed, fine, but otherwise it's giving people a false impression of crypto.

magicjosh 5y ago
Depends on what cryptocurrency you want to experiment with. Bitcoin Cash looks to have $0.0007 transaction fees [1]. Seems like $5 would get you some basic experience. Another option is to get some free tokens from a testnet faucet, then everything you play with is free. [1] https://blockchair.com/bitcoin-cash/charts/median-transaction-fee-usd https://blockchair.com/bitcoin-cash/charts/median-transactio...
- wmf 5y ago
  You're not going to be learning much about smart contracts, DeFi, NFTs, etc. on obscure chains though.
  - magicjosh 5y ago
    Depends on what you want to learn. Rocketpool has a testnet setup so you can play with ETH staking: https://docs.rocketpool.net/guides/testnet/overview.html https://docs.rocketpool.net/guides/testnet/overview.html Get some free testnet ETH and try it out! I haven't looked into minting NFT on testnet. You can write your own contracts on testnet tho but that's a heavier lift. Disclosure: I own crypto and think ETH will be <$0.05 USD for a transfer within 4 years.
  - big_youth 5y ago
    Depends, a non technical friend of mine asked me about polygon because their favorite artist was mining NFT's. The coinbase -> metamask -> mint process was less than .25cents