https://twitter.com/emre_tanirgan/status/1468717902387810307?s=20
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Weāre getting really meta now. God made his NFTs (us) and now weāre making our own.
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lol transactions
Omg yes I need an avatar. I was just like, āwtf I never typed lol transactionsā
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have you considered a white dot over a black background?
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Itās literal bubbles.
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Thereās about $6.5 billion in bitcoin being transacted daily. Not yet the masses but far from nothing.
Merge trading secondary at over double mint price so far (was 5x earlier)
Merge has a critical bug and it sounds like they need to re-mint the entire collection and refund millions of dollars in secondary sales.
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Genius pak
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The best part about this is how they consistently maintained (to the incredulity of everyone) that the reason for the delay was so that everyone had a fair chance in the marketplace, which ultimately culminated in the collection being released from lock at [checks notes] 3:20 AM EST on a Thursday, and not concerns about a major mistake with the project that would cost NG a ton of money.
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Any cliffs on middle of the night shenanigans?
10m isnāt fast. 10s isnāt fast. And itās not just speed that matters at scale, itās throughput. Bitcoin can do like 4 transactions a second. Eth 16. Visa does 1700.
And idk how you think an irreversible transaction is less risky than a credit card or bank account.
Look at the speed/throughput issue this way: if you want an electronic token people can trade between themselves (a currency), a ledger has to be kept. Keeping that ledger in one conventional database is always going to be faster than distributing it over thousands of computers. This is an immutable law of physics. Nevermind proof of stake or layer 2 hand waving, even if consensus was instant and free youād still be slower.
When I am handing someone I donāt know a stack of cash, an irreversible, trustless p2p transfer is much better than using a third party payment processor.
Iām not arguing for crypto to replace the banking system, but it does provide utility for me (in addition to the grey market online poker payment processing that has been extremely valuable to me personally).
people arenāt going to adopt crypto like they did the internet the internet is better, crypto is not
also AOL didnāt exactly go up forever, so if bitcoin is the AOL of crypto itās not gonna ever get there either
anyway the better with inflation argument is now dead, store of value argument is dead, what are the goalposts now