twox2

26 ms·

241.
by twox2 5y ago
That it incentivizes human trafficking and crime is pure hyperbole. Also turns out that the barrier to entry for crypto is lower in the 3rd world than you might think: https://www.youtube.com/watch?v=jvHN0MEBoZo
242.
by twox2 5y ago
I'm not sure I agree, but it will be hard to convince you if you're coming from a place where you think crypto is scammy/deceptive to begin with. Let me assume you're willing to suspend your disbelief: I do agree that so
243.
by twox2 5y ago
All terms are made up by your definition.
244.
by twox2 5y ago
Yes. Millions of dollars worth of ETH are transacted through NFT platforms every day. Whether you personally consider that useful is up to you, but people are using it.
245.
by twox2 5y ago
Yes, it's used heavily in many Ethereum (or other crypto) dAPPs.
246.
by twox2 5y ago
Interesting. I imagine you are probably a few years older than me. I was too young to have that thought back then... but maybe I would now.
247.
by twox2 5y ago
As a 90s kid, I thought the internet would be more censorship resistant and less corporatized than it is today.
248.
by twox2 5y ago
Stay in the high paying job, save, retire, do hobbies. Alternative: Work really hard for almost no money. If it goes well, you can make close to your engineering salary again as a founder. If you "win the lottery" you get an exit
249.
by twox2 5y ago
Am I missing something? Wasn't this the pitch for floc from day one?
250.
by twox2 5y ago
If the "remote work" future is here, then this will just push people out further to the middle of nowhere instead of suburbans towns.
251.
by twox2 5y ago
Turns out script kiddies can cause great devastation.
252.
by twox2 5y ago
You're right about that for the most part, but my point is that NFTs are still being bought and sold on a daily basis. Just because there's not an over-hyped multi-million dollar sale every day, doesn't mean "the bubble
253.
by twox2 5y ago
This is really not it for the most part it. The thing is there are a bunch of people that are really really rich and they're creating this NFT economy powered by cryptocurrency. The high ticket NFT sales are a way of shoveling tens of
254.
by twox2 5y ago
Just because people aren't buying cat memes for millions of dollars every single day doesn't mean NFT sales aren't going strong... they are. A sotheby's auction just went live today for a curated collection of NFTs. The
255.
by twox2 5y ago
That's not at all what Trump meant by "fake news" - what he meant by "fake news" was, "their narrative goes against mine, it's a like, so buy into the narrative from this other media outlet that supports m
256.
by twox2 5y ago
Honestly, it's something that you can just "do". I know not everyone has much appetite for speculative, unpaid work, but that's the lowest rung of the ladder you can start. Bug bounties for example... if you go deep into
257.
by twox2 5y ago
From what I've been told, suicide is often impulsive, and when it's not impulsive it's an escape from some kind of psychological or physical agony - like you're in a burning building and jump out the window. If you'
258.
by twox2 5y ago
The industry gets a bad rap, because it's full of ego maniacs, but the reality is that there are tons of interesting opportunities that fall outside conventional compliance/pen-testing roles. Research is actually a huge sector, be
259.
by twox2 5y ago
"It seems like, if I buy an NFT at $10000 and then sell it a month later for $9000, some of that $9000 goes to the creator of the NFT and not to me." Yes that's correct. That makes it very appealing for creators like artists.
260.
by twox2 5y ago
I'm not talking about literal royalties. If I have an item that I buy new (or used) and it's not a depreciating asset, and I sell it, then I owe income tax or capital gains, don't I? And then when the new owner sells it a few
261.
by twox2 5y ago
But the IRS still gets a perpetual royalty on every subsequent sale. Why can't the producer?
262.
by twox2 5y ago
Behind the scenes the NFT is just a smart contract standard. The royalty isn't really baked into the contract itself, but the platform that's using to exchange it.... So lots of projects with this perpetual royalty might get moved
263.
by twox2 5y ago
Art Blocks has everything on chain. A few other projects do as well.
264.
by twox2 5y ago
Coinbase is not the only place to sell it though.
265.
by twox2 5y ago
It's not irrational, it's an opportunity to buy more for cheap!
266.
by twox2 5y ago
Cool thanks for sharing. The volatility can get brutally expensive. I sell NFTs for ETH, which of course have to pay income tax on, but if suddenly ETH tanks.... ouch
267.
by twox2 5y ago
Which currencies? How much have you had to stake to make these kinds of returns?
268.
by twox2 5y ago
How much do you have to spend on ads to make the $3K? I I imagine it's a hefty sum?
269.
by twox2 5y ago
Tell that to the Venezuelans that have been able to move money safely in and out of their country, or the many artists that went from struggling to be able to make a few bucks by selling NFTs.
270.
by twox2 5y ago
IMO these are weak examples. - Are you suggesting that your friend got divorced so that she could sell her ring, because an ad told her she could sell her ring? I doubt that was the straw that broke the camels back. - The android phone has

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