Search results

https://en.wikipedia.org/wiki/Comic_book_collecting This looks all awfully similar to the market behavior around crypto "currencies". Alts are the new issues, the X-mens of the world. They might be better, faster, cheaper but they are not rare. There are too many of those. Old, slow, crappy...

Of course, eventually everything will go to $0. Stocks, bonds, gold, bitcoin, ETH, Rai stones, Superman #1 etc. Because one day the human race will be extinct either because we destroyed out planet (or planets) or because the Sun will explode or because the Universe has cooled down as its...

So what backs and gives enduring value to Bitcoin, NFTs, rare comics, Dogecoin, old letters, stamps, Rai stones, old ceremics? To me the backing is very simple: the desire to be loved, admired and feel that you are special The is so valuable to people that it can lead them to pay fortunes to...

This social backing is probably the unconcious reason why I decided to write this journal in the first place. I guess I wanted to show others that I had the foresight to see that this was a breakthrough technology and a great investing opportunity. I wanted the credit for calling it, and...

When Taleb says 'with gold at least you can use it as jewlery'. If gold ever lost its market value (say because Musk is mining in asteroids and destroying the market value), wearing gold jewlery would have no social status. It would be the same as wearing iron jewlery. No one would think you are...

This collectible model also helps me understand why Curio Cards and Kitties have drastically underperformed Punks. Curio actually came even before Punks and Kitties had a huge impact in terms of innovation (they invented ERC 721) and popularizing NFTs. Punks got the float right. There were...

When some Bitcoin people say 'maybe we need to change what we call Bitcoin, maybe 0.1 BTC should be called Bitcoin' 'maybe we should quote the price in Satoshis'. They are essentially trying to fix BTC's float problem. They are aware it hurts adoption to be quoting this giant price for a full...

So getting the supply (float) right is crucial in order to have the perfect balance between variables that maximize market price. DOGE supply is over 100B, too much, too easy to be part of the whole movement without paying a lot. BTC is very scarce with a 21M limit. Different from nerdy...

Analyzing crypto kitties I saw that cats that have little to no value (Generation 1+) DO have value if they were born on Day1 of crypto kitties. They are called Day 1s and no one can make more of them https://kitty.news/markets/day1 These cats would be worth $5-6 on the open market if they were...

I'm getting convinced that the collectible model is the correct model to understand a lot of what happens in crypto, vs the currency model. On the currency model, DOGE doesnt make any sense nor does HEX or alot of other things (Bitcoin Gold, etc), on the collectible model, it makes perfect...

I guess the Satoshi NFT does exist, its called Bitcoin. So to the extent that crypto is the future, more and more people will want to own the historical NFT that started it all. Its tech might not be groundbreaking anymore, but its good enough to be a trusted ledger so its good enough for people...

I suppose BTC has 'colored coins' but they are highly subject to be uncolored (if they are sent to a non-colored coin wallet) and in any event, Satoshi never issued them but it would be interesting if he did

The technology will improve https://www.matthewball.vc/all/hardwaremetaverse

Here is one strategy from collectors: buy historical items that are part of digital property history, they aren't making any more of it. Items that have made history (Punks, Curio Cards, Capped CryptoKitties) cannot be replicated because they were the first. I dont own Punks or Curio Cards but I...

I actually agree, this is all terrible for mental health and the direction of humanity. But its the trend and I invest based on what I see. I wish we would go back tech wise but now I see teenagers owning CS Go or Fortnite skins that are worth more than houses, Minecraft created libraries to...

BTC will probably eat dust technologically to many other coins and protocols but as NFT of sorts, none of this will matter because people will value it due its historical role, the satoshi story, the fact it was their first crypto, much like people value items extracted from the Pyramids much...

If this view that BTC is a collectible (The original NFT) and that ETH is digital currency is correct then they can co-exist peacefully. No one has to win over the other because they both will have their economic value and audiences I came to this realization when analyzing NFTs. Some projects...

This crypto punk NFT phenomena disproves Taleb's assertion that BTC has no utility, unlike gold which can be used as jewlery. Punk's are a signal of wealth and status inside of crypto, people know how much they are worth and the people that own them display that in their social media, signaling...

https://techcrunch.com/2021/08/09/fortnite-ariana-grande-concert-metaverse/?guccounter=1&guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAABvT0YIAO5Z_s7mwOr_hH2lZv1vBxueqH9f2IKUq3Q76p6RmhSuee1FY_UovT24h9iFZ4AYpaINMbRvXwCygw1zeOV_ly74oo9_7Wu2h_cSp2gdC-5i8-gPcSpIN_XMdElyr7s90ZOS...

I suppose this could eventually anchor the price of ETH to the real world and decrease its volatility. If ETH becomes the money of the digital economy, when its down a lot, people will use fiat to buy ETH and accumulate digital assets (land, NFTs, do digital business, etc). And when its up a...