web4

5 ms·

1.
by web4 4y ago
you are probably right, but I will not be so pessimistic as to resign to favouring Steam and Apple stores and take rates as a necessary evil and permanent facet of the web’s future. I am happy to see web3 at the very least attempting to cha
2.
by web4 4y ago
> Do these pages belong to the same person? what does your gut tell you? despite knowing so little about art market and art history that you’ve never heard of the world’s most influential and highest sold living artists, you can probably
3.
by web4 4y ago
the only need for NFT in a game is decentralization and disintermediation of payment and ownership. if you wish to distribute game assets and give players a form of transferable and scarce digital ownership that is not locked into a walle
4.
by web4 4y ago
it always comes back to the same argument: crypto is bad because a couple centralized companies handle this all for us just fine, and people in some countries already have great interbank transfers. also please lose the ad hominem, it is no
5.
by web4 4y ago
the system can and does favour those by social class, connections, race, gender. discrimination in financial and lending services is a well documented issue. the fact that the banking system “imposes limits and barriers until you reach
6.
by web4 4y ago
this was with CHAPS. > was in the destination account the next day that’s probably CHAPS as well then as FP is within 2 hours. still a a lot slower than crypto’s 30-60 seconds, and extremely opaque process that could have taken additiona
7.
by web4 4y ago
great! now Dropbox owns all of our assets instead of Steam. brilliant. /s PoS removes the environmental burden.
8.
by web4 4y ago
as I said in my original post: this is a niche application. some share of users will be happy to own and trade CC0 licensed assets that are not centrally owned by a single game company, and not sitting in their steam or apple account. simil
9.
by web4 4y ago
yes, games and game stores hold records of ownership under your account. some of that may be purchased, some of it may be acquired through another means like an in-game achievement. nfts are literally just records of ownership of a digital
10.
by web4 4y ago
you are making it seem like it is difficult to tell a David Hockney NFT is a fake. step one: does the artist have a clear history of minting associated with an address? if no, and the artist is not making any claims to making nfts, then mos
11.
by web4 4y ago
yep. the rich tend to be given access to better banking services than the poor: higher limits, direct line of contact with a bank manager, additional services. when your account reaches a certain wealth threshold the bank will step in to en
12.
by web4 4y ago
ETH fees at time of writing are about $1-3 for a transaction finality of < 60 sec. note that is fixed, the same if you transfer 1 or 100 or 1000 tokens. though eventually as these networks scale most users will be transacting and interac
13.
by web4 4y ago
it’s easy to dismiss nft and the like if you are dead-set on your opinion that it’s all ponzi, but it is making traction in art and media: see Christie’s and Sotheby’s and a variety of notable artists and galleries not to mention Meta, Spot
14.
by web4 4y ago
that limit depends on your bank. for large transfers you will often need to visit your branch in person which can be a multi day process. and yes UK faster payments system is great but it is not yet the backbone of global payment processing
15.
by web4 4y ago
use case depends on consumer. paying for an abortion in a southern US state or paying a Russian or Iranian contractor for web design services might be a suitable example of crypto. paying for an in-game asset to avoid 30% App Store fees may
16.
by web4 4y ago
large (> 10K) bank and wire transfers within UK and EU are still in the order of days, not seconds. the last large bank transfer I did took 5 days without any way for me to track this transfer. the same amount I was able to transfer with
17.
by web4 4y ago
not everybody lives in the UK. the point is not to be a system that beats a single service for sending GBP from A to B in the UK. the point is a system that has a variety of uses and applications accessible by anybody, regardless of which c
18.
by web4 4y ago
sure, if you just want USD then hold that. if you want an asset that tracks USD, but has the freedom to exchange in crypto markets, be held in a non custodial way, and operate with smart contracts, a USD pegged stablecoin makes sense.
19.
by web4 4y ago
many wires will be multi days long, encumbered by weekends, holidays, business hours, international checks, and occasional bounces (ask any company their experience with wires for international contractors). Zelle is between US banks only.
20.
by web4 4y ago
the point is that Stripe achieves some features for certain users that a wire does not. and crypto achieves some features for certain users that Stripe does not.
21.
by web4 4y ago
and now there is one more way to do that: crypto. it is like asking “Why Does PayPal Exist When We Have iBAN?” obviously some subset of the globe finds it more useful than iBAN transfers for their needs (like setting up an online shop).
22.
by web4 4y ago
the majority of crypto is being held in non custodial wallets, not exchanges. a better way to frame your comment: why does the world use Stripe and PayPal when you can just go to your bank and ask them to setup a multi day long wire process
23.
by web4 4y ago
the fees on exchanges are very small compared to paypal and similar products. Coinbase Pro fees are less than 0.6% and go down to nearly 0%. for payments over 10K the fees may be less than Wise or a wire, and faster. for average users the e
24.
by web4 4y ago
lol, players saying NO to reducing the take-rates of app stores from 30% to 0-2.5%, and saying NO to having the assets they purchase stored anywhere besides the privately owned servers of their favorite centralized megacorps
25.
by web4 4y ago
> Because the following statement from you is a blatant lie ... It's impossible to say whether something is from a legitimate artist or not. lol, have you ever looked at the chain? if an artist has been minting work for 1 year on th
26.
by web4 4y ago
so re: MtG, this goes back to my original point. most of the game depends on scarcity. I was recently informed about proxies where users can print their own cards, but it still sounds like the majority of players value the cards themselves
27.
by web4 4y ago
if scarcity is not needed or desirable for MtG players why would they not just release all cards individually for the same price? why should any card be harder than another to acquire? if MtG uses this model for deck building it sounds like
28.
by web4 4y ago
you are right: it is trivially easy to publish any media file and assign an NFT to it and then list it for sale, and there is a lot of copyright infringement as a result. all of these articles claim widespread theft and stolen work, but a s
29.
by web4 4y ago
the blockchain allows anybody to publish nfts that point to any media, so naturally there is a lot of spam and copy-minting. anybody can publish to OpenSea a Picasso NFT but this does not mean it will be valued by the market as a Picasso. t
30.
by web4 4y ago
> prove you have the card this is where blockchain is well suited. user can sign a message with their private key and cryptographically prove ownership where all other parties can also verify it cryptographically > proxies are allowed

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