twox2

17 ms·

181.
by twox2 5y ago
It changes so fast that "when" is largely irrelevant. I started with crypto in 2013, just getting to play with Bitcoin a little bit. Was never a big holder, but waiting for the day it would see bigger adoption. I lost interest in
182.
by twox2 5y ago
The owner of the NFT would have to fractionalize it, then anyone can buy fractionalized tokens that are backed by the NFT.
183.
by twox2 5y ago
With NFTs you don't have to ask.
184.
by twox2 5y ago
I think the environmental impact is overstated. It's often conflated with the environmental impact of Bitcoin. I haven't touched Bitcoin in years. Also POS chains have active NFT ecosystems, like Tezos.
185.
by twox2 5y ago
Correct, some "corporate NFTs" are run on their own chains, etc. This is why most of the price action is on Ethereum. Assuming you are somewhat technical, you can read about the actual smart contract standard, it's called erc
186.
by twox2 5y ago
It will still be on the chain though.
187.
by twox2 5y ago
I've been in "crypto" a pretty long time. I agree a lot of it is no longer interesting, namely Bitcoin, but smart contract platforms are fascinating.
188.
by twox2 5y ago
Of course I enjoy the money, but if I can benefit form it, then so can others. I'm also into the tech. I enjoy blockchain development and creating NFTs with unique minting/burning mechanisms.
189.
by twox2 5y ago
YES!! NFTs are just a smart contract standard. Look at OpenSea. It's the google/ebay of NFTs on Ethereum. They are all interchangeable.
190.
by twox2 5y ago
Source?
191.
by twox2 5y ago
On stolen content no, but if you re-sell the NFT you bought from me, I get a royalty. That's part of the appeal for creators.
192.
by twox2 5y ago
Normies is a term that crypto enthusiasts use to refer to folks that don't know much about crypto. I guess it's pejorative, but I use it in jest. Maybe I should stop using it.
193.
by twox2 5y ago
I'm neither new nor young - I'm just a guy that gave this thing a chance and really liked the results. The right click save argument is boring. It's not the image that's the NFT, it's the entry on the blockchain. I
194.
by twox2 5y ago
I'm an absolute nobody in the art world. I started minting my art in early 2020. This year i have made about 2.5x my tech salary from NFT sales and royalties. NFTS are an amazing deal for creators. You are right that there's a bar
195.
by twox2 5y ago
For one, NFTs for the most part have a perpetual royalty built in that's paid to the creator.
196.
by twox2 5y ago
https://en.wikipedia.org/wiki/Ad_hominem
197.
by twox2 5y ago
Correct!
198.
by twox2 5y ago
This is a very good point, thank you for making it. I've always approached HN with my own bias, which is an interest in underground technology, hacking, and of course crypto. I never really saw the crowd as mostly normies, but I guess
199.
by twox2 5y ago
To some extent I can capitulate on that, but you are right in that this system does not solve for "caveat emptor".
200.
by twox2 5y ago
There are plenty of projects that store either the art or verifiable metadata directly on chain.
201.
by twox2 5y ago
This isn't really an issue with NFTs though. It's an issue with people being dicks.
202.
by twox2 5y ago
It bums me out how the HN crowd lacks any creativity when it comes to anything Crypto. NFTs do solve a problem, and the problem that they solve is that creatives are getting paid for their creative output. Not every NFT is a flex, or used t
203.
by twox2 5y ago
I've also had the experience of running a bug bounty program through a platform like Hackerone/Bugcrowd. It's the same exact shit. Awful.
204.
by twox2 5y ago
Wasm isn't really going to change the front-end / browser side of javascript for the better, but it's great for graphics and anything else cpu intensive.
205.
by twox2 5y ago
Flash Loans are not really an exploit, but they can be used to exploit systems.
206.
by twox2 5y ago
Does formal verification stand up against logic flaws like this? I mean in theory, this thing functioned exactly as designed.
207.
by twox2 5y ago
The promise of smart contracts is "programmable money". Humans use money to interact with each other. When money becomes software, then you can create new and unique methods of transacting/interacting.
208.
by twox2 5y ago
I kind of think this makes programming all about the IDE.
209.
by twox2 5y ago
It shouldn't even have to go to court to begin with is the real tragedy.
210.
by twox2 5y ago
Yep looks like you're right... but 3 weeks ago it was 41k, and 3 months ago it was 32k... my main point stands though.

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