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Let me address each of the points - "The value in NFTs won't exist when free money stops flowing". People raised a similar point about US tech stocks, yet Janet Yellen raised rates by 225 bps a few years ago, and nothing much happened. You had the normal fluctuations you had in stocks (up or...

Thanks and welcome to the journal. Yeah, the convexity here is insane. And in NFTs, its just off the charts. Usually they are minted at 0.06 ETH and they can run (if they gain traction) from 1ETH to 1000ETH. We are talking 16000x your money in the best case scenarios, in like a few months. Art...

Some economic theories seem to back this https://en.wikipedia.org/wiki/Veblen_good https://en.wikipedia.org/wiki/Snob_effect

I think this is so applicable to status assets (social capital based assets) like collectibles (BTC, NFT, art, rare comics etc) that its not even funny As they get expensive, it can actually mean they are cheaper because they just reached "escape velocity" to become status symbols. The price is...

"This is the power of valuable NFTs: they are high in social capital and utility, and moving higher in entertainment. They hit the social network trifecta. " https://www.notboring.co/p/status-monkeys

Another instance where 51% attacks dont matter. BSV has a $3.5B market cap. These proof of work crypto "collectibles" are pretty much impossible to stop because its not about the tech, that helps, but its about the ledger which require real world resources to change. And even than, you cant...

Binance continue to cut corners with a hidden exchange called Mandala, where its still wild west https://peakd.com/binance/@timcliff/why-users-are-using-mandala-exchange-to-trade-on-binance-with-lower-fees-no-kyc-up-to-2-btc-daily-additional-trading-pairs-and How long till before people are...

FTX is bascially Binance but without brain dead idiocy coming from the top. And Solana is basically BSC but less centralized and better designed

https://www.theblockcrypto.com/linked/115166/binance-mandatory-kyc-regulatory-pressure Binance showing their true colors. Meanwhile they are charging retail $20 and $10 for ETH and BTC withdraws, when network fees are like $2 and $0.3, effectively, taxing everybody. When are these incompentents...

I thought we were talking about HOOD and TSLA? I dont know much about AMC but HOOD is probably the fastest growing brokerage in US history, if you dont think the management that did that has anything special about them, well, thats crazy. And TSLA, it can drop 80% and still all the critics will...

Here is the biggest clue that there is in fact a lot of optionality on HOOD or TSLA for that matter: most people that trash it are extremely unwilling to short it, that probably includes you. That's a huge clue right there

If you tell a 15 year old that lives in a rich country that this is a sample of the future of art https://t.co/K5sYql0Duf?amp=1 They will say "obviously dumbass". if you tell a 50 year old, especially if he is in finance, you will hear a lecture about the Fed and how none of this matters. He...

Curio cards is one of the original NFT projects on Ethereum and I think it is a bit undervalued right now https://www.startwithnfts.com/posts/evaluating-the-potential-of-curio-cards-using-sales-volume-and-market-cap I picked a card up today. As a long as ETH is around, I think these cards will...

NFTs look crazy right now but they are still only worth about $5B. Some crappy alts are worth more than these. When it goes from a niche of 60K users to on boarding millions of people, I dont think it would be that crazy if they were to 5-10x from here

Its the status stupid

This is a real possibility. Gensler is coming after DeFi before NFTs, I think. NFTs are too niche, I worry about what he will do to DeFi. Of course, you can't truly regulate this, because you can always interact with the smart contract directly with no real webpage (or using a simple page like...

If crypto markets were to face a surprise bear market, there is actually something great about that which is: it allows people to catch up with the space, in terms of the tech/innovation, to create new projects, to learn how to program in it, to open new crypto businesses, to own top coins at...

I do disagree with his take that future supply halvenings cant be priced in before hand by markets. He bases this belief on markets like stocks and IPO lockups. I have actually traded lots of lockups back a few years ago. They feel so easy. A company has to unlock a huge amount of shares and...

The case for ETH

An excellent paper on the value of Ethereum The author thinks ETH could go as high as $150,000 per token