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Yet I can still send censorship free bitcoin and store it on a napkin. My choice quote from the article is that they consider a $1.3 trillion market to be "onl
by throwaway22032 3y ago
Yet I can still send censorship free bitcoin and store it on a napkin.
My choice quote from the article is that they consider a $1.3 trillion market to be "only".
That's just under $1 million for each copy of The Economist sold this year. Perhaps they have a distorted sense of size.
- prepend 3y agoI don’t think it’s fair to value crypto at $1.3T as there’s a substantial amount of self dealing to inflate asset prices. I don’t believe the value of the NFT market either when people are selling things to themself and claiming a market value. It’s like claiming the economy in Roblox has some massive amount when there’s no actual check or way to determine actual liquid value. If people wanted to sell all their crypto they aren’t getting $1.4T. If people want to sell $1.4T of US fiat, they are probably getting around$1.4T.
- andirk 3y agoI'm familiar with regularass auction houses and they take a fat cut up to 20% per transaction. That's crazy but there's much less incentive to sell+buy when 20% is lost in the transaction. The NFT auction houses could take a cut that then gets distributed to all sellers or something like that. There has to be a loss in the transaction else the transaction means jack shit
- asdfman123 3y agoFits all my requirements for currency: isn’t “censored” (?) and can fit on a napkin
- andirk 3y agoA password on a napkin that unlocks real fiat is actually very cool.