iskander

13 ms·

151.
by iskander 5y ago
Speculation generates 99% of the noise in crypto but technology does keep moving forward. L2s were just whitepapers a few years ago, now there are multiple full featured optimistic rollup L2s (e.g. Arbitrum); zkRs, which are much more compl
152.
by iskander 5y ago
There are tons of them, looking at the top 20 coins here: https://coinmarketcap.com/ - Solana - Cardano - XRP - Terra - Polkadot - Avalanche - Polygon That's the majority of actual chains in the top 20, since many of t
153.
by iskander 5y ago
It's comically complicated once you get into the details of moving an existing chain over from PoW; the Ethereum developers have really been working on it for years and only now have it in a shape that works for multiple Ethereum clien
154.
by iskander 5y ago
> How does this enable new people to play? The rich can still gamble the most and come in early to earn the biggest rewards. So far this stuff has circumvented the accredited investor regulations.
155.
by iskander 5y ago
That number seems off by a few orders of magnitude. I tried searching for familiar collections and couldn't find any of them: - Corruption(*s) - Bored Ape Yacht Club - Lonely Aliens Space Club - NFT Worlds You also have neither entries
156.
by iskander 5y ago
>I kind of liked the idea of NFTs as part of an asset portability system for virtual worlds. Goldman Sachs even endorsed that. I was thinking of this for items in the US$1 - US$100 range, like game items. The transaction costs would be t
157.
by iskander 5y ago
And Dropbox was trivially just rsync... Yet, crypto wallets remain the only cryptographic signature UI that normal people interact with.
158.
by iskander 5y ago
...which has effectively neither adoption not momentum to achieve adoption: https://sec.okta.com/articles/2020/04/webauthn-great-and-it-... For better or worse, there are a large (and ever growing) number of
159.
by iskander 5y ago
A lot of these "this is not very different from X, you could do Y" replies remind me of the original Dropbox news.yc thread. What everyone seems to be missing is that the web3 apps and UI conventions already have broad adoption am
160.
by iskander 5y ago
For all of its flaws, I find the web3 space fun...but I'm also hoping that some of the non-financialized use cases move to other kinds of distributed algorithms, like Hypercore ( https://hypercore-protocol.org/ ). Even i
161.
by iskander 5y ago
There is usually a Discord associated with each project (including the one in this post) Public NFT trading telegrams are a very noisy/scam-y scene, I think that many people gravitate towards smaller private ones with a circle of <5
162.
by iskander 5y ago
Yeah, that's right. Though crypto now seems to experience interlocked cycles of "rotations", so interest sometimes comes back after a few months
163.
by iskander 5y ago
Participation in discords and NFT trading telegrams. You can see what people buy and that often the hot potato ladder involves multiple verifiably distinct persons.
164.
by iskander 5y ago
This NFT was created partly as a satirical critique of the valuelessness of NFTs. I think people in the NFT scene find it funny to drive up the value of that critique and make it a financially valuable asset. There's no justification o
165.
by iskander 5y ago
The creators can also set a royalty percentage for themselves which would give them a share of each transaction. Unclear if that's what they did in this case.
166.
by iskander 5y ago
People looking from the outside of NFTs seem to believe this kind of wash trading is a dominant source of volume. In my experience, it's pretty rare and there's a lot of organic demand around each new "hot" NFT. A better
167.
The satirical Non-Fungible Olive Gardens sold more than $130k in volume(opensea.io)
60 points by iskander 5y ago|68 comments
168.
by iskander 5y ago
That seems irrelevant in this case, where the NFT project is clearly by the photographer who owns the rights to the photos.
169.
by iskander 5y ago
You said: "No debt here and my credit score is great. You don’t have to be in debt to have a good credit score." Technically that's true but it leaves out the very major caveat that your credit score is not usable without acc
170.
by iskander 5y ago
My wife tried to buy a new car with an extremely high credit score. They wouldn't give her the auto loan because of insufficient credit history, which acts as a second undisclosed factor in loan approval. I had to co-sign with my worse
171.
by iskander 5y ago
I bought one under the assumption that it's only going to the photographer -- these kinds of NFTs seem like a good way to pay digital artists without forcing to do commissions. If any portion goes to OSS that's even better!
172.
by iskander 5y ago
That's a common view on Crypto Twitter, lots of celebration of essentially socially stunted behavior by people with limited avenues for progression in the non-crypto world. Some of them end up building very valuable (at least momentari
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by iskander 5y ago
NFT collection here: https://opensea.io/collection/faces-of-open-source It feels very awkward to buy these, though I'm not sure exactly why.
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by iskander 5y ago
>but it's been more than 10 years since bitcoin emerged with the promise that the blockchain would have world-changing repercussions and _I still don't see even one meaningful application of the technology_ ? I see this critiqu
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by iskander 5y ago
I can see that for e.g. DeFi but DAOs are essentially social. People are starting tons of these things for all sorts of purposes, from serious to mostly silly. Some kind of social infrastructure will inevitably emerge but given that it&#x27
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by iskander 5y ago
I have a hard time reconciling the utopian revolutionary vision of DAOs with the reality of the ones that actually exist. Even in the best case, DAOs are essentially a Discord and treasury (hopefully a multi-signature wallet). Where is the
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by iskander 5y ago
Funny how we interpret these situations differently: Bob is going to destroy wildlife habitat, which we should treat as a public good. Sally is going to provide additional housing in a dense urban area, which we should also treat as a publi
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by iskander 5y ago
>I'm here and I feel things are turning around. The brain drain has receded and turned into an influx. I moved to Miami in 2017, couldn't find any kind of interesting work in machine learning or genomics. I started the machine
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by iskander 5y ago
I met some of the crypto startups working out of co-working spaces around the city 2017-2019; maybe things have improved dramatically more recently but the startups I encountered were unimpressive.
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by iskander 5y ago
Breathless admiration of Miami as a "tech city" based on tweets by the disempowered mayor of the City of Miami (population bupkis) are a red flag that the author isn't thinking very seriously or speaking from direct experienc

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