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Its not really supposed to be an 'investment' - anymore than the dollar is an investment? If crypto wants to replace dollars, they are going to have to do bett
by ejb999 5y ago
Its not really supposed to be an 'investment' - anymore than the dollar is an investment?
If crypto wants to replace dollars, they are going to have to do better than this.
Would you tell someone who's dollars are stolen 'don't have more dollars than you can afford to lose'?
- cinntaile 5y agoI think Axie Infinity is some sort of NFT game? How is that going to replace the dollar?
- kemotep 5y agoThe article covers that it was Ethereum that was stolen. On the surface it appears none of the Axie Infinity based tokens were touched.
- AustinDev 5y agoBecause ETH has much more intrinsic value than AXS and the other tokens created by Axie Infinity. Why would they bother with pennies when they can take 100 dollar bills? AXS's value is derived from a pseudo-feudalistic share cropping model called 'play to earn'. People in low income countries put up their real assets to borrow AXS tokens and NFT's to play the game to earn an income and farm items to sell to western players who can't spend all day grinding. Imagine if Blizzard designed WoW's monetization around exploiting all the Gold farmers?