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Since its backed by A16z and has a bunch of .eth accounts tweeting about it, I would assume something related to NFTs. If NFTs and crypto can make experiments

by spaceman_2020 3y ago

Since its backed by A16z and has a bunch of .eth accounts tweeting about it, I would assume something related to NFTs. If NFTs and crypto can make experiments like this sustainable, then I'm all for it.

pavlov 3y ago
Does someone still tweet with a .eth username? That’s like writing about Beanie Babies on your MySpace. The fad is gone, no matter how hard you try.
- spaceman_2020 3y ago
  It was always a little stupid because the .eth domain didn't really resolve to anything. All it did was give people a chance to see your crypto portfolio if you had any funds on that address.
  - stiltzkin 3y ago
    If you think ENS is only about showing portfolio you do not understand ENS.
    - spaceman_2020 3y ago
      What else is it used for? I have an ENS domain and that's pretty much the use case I've seen so far. If your ENS domain's use case is so obscure that most don't get it, then maybe you need to modify the use case.
- stiltzkin 3y ago
  ENS and beanie babyes are nothing a like, maybe research more.
junon 3y ago
This is pretty much the only use case for crypto I see being viable and useful moving forward. I think it's cute and fun and if people want to sink money into hobby stuff like this then nobody should tell them otherwise.
- spaceman_2020 3y ago
  There has been a drastic degradation of crypto culture in the last couple of years. From speculation being the trojan horse that was supposed to lead to a decentralized future, it has devolved into speculation being the only use case. The problem with monetizing anything with crypto in this environment means that people will only buy it for speculative purposes. Which means that instead of building anything sustainable, you just end up building trash and spending on marketing to keep the speculative hype train going. It’s like running a publicly traded company, but with extremely fickle shareholders.
  - CPLX 3y ago
    No it’s not like that. It’s like gambling. Gambling has been an extraordinarily popular human pastime since we came down from the trees. Literally nothing about the human response to crypto is interesting or novel.
    - MattRix 3y ago
      I mean speculation IS just another type of gambling, yes.
      - CPLX 3y ago
        No it's not. Speculation can be a bet on the outcome of an economic or other real world system that is not a zero sum game. For example you might speculate on how likely it is that people will strike oil on a given patch of land by investing in that land and some drilling. If you're right and oil is discovered there is more wealth in the world as a result of this speculation. Gambling is not like that. Gambling doesn't have any connection to productive activity, it's just people transferring money around with wealth going from some people to some other people. That's what crypto is.
        MattRix 3y ago
        I see what you’re describing as investing, whereas the speculation is the gambling part of it.
jasonfolds5 3y ago
Nothing related to NFTs or crypto in the product or in the plans

pavlov 3y ago

Does someone still tweet with a .eth username? That’s like writing about Beanie Babies on your MySpace. The fad is gone, no matter how hard you try.

spaceman_2020 3y ago
It was always a little stupid because the .eth domain didn't really resolve to anything. All it did was give people a chance to see your crypto portfolio if you had any funds on that address.
- stiltzkin 3y ago
  If you think ENS is only about showing portfolio you do not understand ENS.
  - spaceman_2020 3y ago
    What else is it used for? I have an ENS domain and that's pretty much the use case I've seen so far. If your ENS domain's use case is so obscure that most don't get it, then maybe you need to modify the use case.
stiltzkin 3y ago
ENS and beanie babyes are nothing a like, maybe research more.

junon 3y ago

This is pretty much the only use case for crypto I see being viable and useful moving forward. I think it's cute and fun and if people want to sink money into hobby stuff like this then nobody should tell them otherwise.

spaceman_2020 3y ago
There has been a drastic degradation of crypto culture in the last couple of years. From speculation being the trojan horse that was supposed to lead to a decentralized future, it has devolved into speculation being the only use case. The problem with monetizing anything with crypto in this environment means that people will only buy it for speculative purposes. Which means that instead of building anything sustainable, you just end up building trash and spending on marketing to keep the speculative hype train going. It’s like running a publicly traded company, but with extremely fickle shareholders.
- CPLX 3y ago
  No it’s not like that. It’s like gambling. Gambling has been an extraordinarily popular human pastime since we came down from the trees. Literally nothing about the human response to crypto is interesting or novel.
  - MattRix 3y ago
    I mean speculation IS just another type of gambling, yes.
    - CPLX 3y ago
      No it's not. Speculation can be a bet on the outcome of an economic or other real world system that is not a zero sum game. For example you might speculate on how likely it is that people will strike oil on a given patch of land by investing in that land and some drilling. If you're right and oil is discovered there is more wealth in the world as a result of this speculation. Gambling is not like that. Gambling doesn't have any connection to productive activity, it's just people transferring money around with wealth going from some people to some other people. That's what crypto is.
      - MattRix 3y ago
        I see what you’re describing as investing, whereas the speculation is the gambling part of it.

jasonfolds5 3y ago

Nothing related to NFTs or crypto in the product or in the plans