4 ms·

I have no doubt there was skill involved. And of course you should invest if the casino is giving away money for free. I have no doubt it was great for you, so

I have no doubt there was skill involved. And of course you should invest if the casino is giving away money for free. I have no doubt it was great for you, so kudos (no sarcasm; I wish I was you). But the whole point is: is it right to call it a “market” or an “economy” or an “ecosystem” or whatever when it’s really just a get-out-while-you-can game? How many of those who are privy to all those technical terms you mentioned are actually going to be able to cash out a significant amount of money? I t’s just kinda depressing for me to think that there are so many people overanalyzing a fantasy football world league of fantasy coins.

spaceman_2020 4y ago
Honestly, I'm more bullish about this industry than before. So much of this awfulness unfolding right now is from centralized, opaque entities - precisely what this industry was meant to destroy. The trouble is that these centralized entities came about when the tech itself was too nascent and there were no decentralized alternatives. So they had too much power and money. And now that they're crashing and burning, the decentralized alternatives can have their moment in the sun. For instance, there's a dApp for leverage trading called GMX.io. Since it's decentralized, all of its assets and liabilities and treasury balances can be transparently seen by anyone. It offers most things that any large brokerage would offer, and has been functioning without a hiccup throughout the entire clownshow. When I started out in November 2020, the decentralized economy was tiny and there were few dApps. Since then, there's been an explosion in the number of dApps powering everything from payments to digital asset market places to in-game asset trading. Paying for a digital subscription with a web3 wallet is a better experience than anything in traditional finance. Of course there's a lot of fluff - that was inevitable given the wild excesses we saw in 2021 - but the pieces are in place to form the foundation of the entire digital economy. I will be very, very surprised if you're still using your credit card to pay for things online in 2027.
- low_tech_love 4y ago
  I’m sure there is a lot of great theoretically sound stuff out there, but be honest: were you using any of them when you actually made your money? Or were you just playing the same old game but with a new uniform? The problem is not the tech itself, it’s the way it is sold.
  - spaceman_2020 4y ago
    Except for on-ramping and off-ramping, I did not do a single trade on a centralized exchange. So yes, I did use all of those protocols. Majority of usage was Uniswap, OpenSea, GMX, and an assortment of GameFi projects. Millions of others did as well. OpenSea has over 2M accounts, all of which only work with a decentralized crypto wallet. Axie Infinity Anyhow, waste of time talking crypto on this site. All I'll ask you to think about is if the world will still use credit cards to access digital content in the year 2030.

spaceman_2020 4y ago

Honestly, I'm more bullish about this industry than before. So much of this awfulness unfolding right now is from centralized, opaque entities - precisely what this industry was meant to destroy. The trouble is that these centralized entities came about when the tech itself was too nascent and there were no decentralized alternatives. So they had too much power and money. And now that they're crashing and burning, the decentralized alternatives can have their moment in the sun. For instance, there's a dApp for leverage trading called GMX.io. Since it's decentralized, all of its assets and liabilities and treasury balances can be transparently seen by anyone. It offers most things that any large brokerage would offer, and has been functioning without a hiccup throughout the entire clownshow. When I started out in November 2020, the decentralized economy was tiny and there were few dApps. Since then, there's been an explosion in the number of dApps powering everything from payments to digital asset market places to in-game asset trading. Paying for a digital subscription with a web3 wallet is a better experience than anything in traditional finance. Of course there's a lot of fluff - that was inevitable given the wild excesses we saw in 2021 - but the pieces are in place to form the foundation of the entire digital economy. I will be very, very surprised if you're still using your credit card to pay for things online in 2027.

low_tech_love 4y ago
I’m sure there is a lot of great theoretically sound stuff out there, but be honest: were you using any of them when you actually made your money? Or were you just playing the same old game but with a new uniform? The problem is not the tech itself, it’s the way it is sold.
- spaceman_2020 4y ago
  Except for on-ramping and off-ramping, I did not do a single trade on a centralized exchange. So yes, I did use all of those protocols. Majority of usage was Uniswap, OpenSea, GMX, and an assortment of GameFi projects. Millions of others did as well. OpenSea has over 2M accounts, all of which only work with a decentralized crypto wallet. Axie Infinity Anyhow, waste of time talking crypto on this site. All I'll ask you to think about is if the world will still use credit cards to access digital content in the year 2030.