The Cryptocurrency Trading Journal

[Daal]

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 more than better items mass produced today
So, going into NFT has taught me lot, it has clarified my thinking of what BTC is and what ETH is. I plan to even read some books on collectibles to understand more how they value things

 

[NoahA]

https://techcrunch.com/2021/08/09/f...dElyr7s90ZOSDiKvRyG_ReN672lI565S1letHPIVRq6r0

Little by little this stuff is happening. At some point, entire concerts might be held in digital worlds

This is what really bothers me. Can someone really compare a live concert to a digital version?

I was also going to make the comment that the day most men will put up with digital sex is the day I stop understanding the world. But you know, with so many hungry guys paying girls on OnlyFans, maybe I'm the crazy one for not being able to see it.

But where does it end? Will we also be buying digital food? Surely that has to be or the real kind. How about digital housing? Bits floating around in cyber space will not keep you dry in the rain.

I guess what I'm saying is that digital versions of things are only good for a handful of things in my opinion, but clearly this seems to be minority view.

 

[Daal]

This is what really bothers me. Can someone really compare a live concert to a digital version?

I was also going to make the comment that the day most men will put up with digital sex is the day I stop understanding the world. But you know, with so many hungry guys paying girls on OnlyFans, maybe I'm the crazy one for not being able to see it.

But where does it end? Will we also be buying digital food? Surely that has to be or the real kind. How about digital housing? Bits floating around in cyber space will not keep you dry in the rain.

I guess what I'm saying is that digital versions of things are only good for a handful of things in my opinion, but clearly this seems to be minority view.

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 dissaminate information censored by governments, Facebook saying they are a metaverse company (and they own Oculus, the VR company). The future is a merge between digital and real. VR will take this whole thing to another level, concerts will look real and be more magical and full of effects than real concerts. Porn will be taken to a whole new level which will lead people towards addiction and loneliness. Mental health and addiction recovery will be booming industries, so will crypto and providers of chips and tech to all of this (AMD, Nvidia, etc), plus much more
Its sad but hard to stop

 

[tsznecki]

But where does it end? Will we also be buying digital food? Surely that has to be or the real kind. How about digital housing? Bits floating around in cyber space will not keep you dry in the rain.

I guess what I'm saying is that digital versions of things are only good for a handful of things in my opinion, but clearly this seems to be minority view.

Stop the strawman arguments about the slippery slope. They are shit arguments. No, humanity isn't dying off because everyone couldn't eat digital food.

You have been a crypto bear and still are, at least come out and own it.

 

[tsznecki]

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 dissaminate information censored by governments, Facebook saying they are a metaverse company (and they own Oculus, the VR company). The future is a merge between digital and real. VR will take this whole thing to another level, concerts will look real and be more magical and full of effects than real concerts. Porn will be taken to a whole new level which will lead people towards addiction and loneliness. Mental health and addiction recovery will be booming industries, so will crypto and providers of chips and tech to all of this (AMD, Nvidia, etc), plus much more
Its sad but hard to stop

The turning point for me was Ready Player One. I don't listen to any critics of the metaverse/digital world who haven't watched that movie.

If you strip away the storyline of that movie, half the tech is already there. It's a matter of adoption and that is rising every day.

 

[Specterx]

This is what really bothers me. Can someone really compare a live concert to a digital version?

I was also going to make the comment that the day most men will put up with digital sex is the day I stop understanding the world. But you know, with so many hungry guys paying girls on OnlyFans, maybe I'm the crazy one for not being able to see it.

But where does it end? Will we also be buying digital food? Surely that has to be or the real kind. How about digital housing? Bits floating around in cyber space will not keep you dry in the rain.

I guess what I'm saying is that digital versions of things are only good for a handful of things in my opinion, but clearly this seems to be minority view.

They're all just forms of entertainment. I think it's a foregone conclusion that the total value of digital collectibles will rise significantly, but it's tough to see any rational or systematic way to pick winners. If patterns from the physical world hold then a tiny handful of "classic" product series will retain meaningful value, and more or less go up over time, while most will be poor investments in the long run.

The best way to play the theme is probably not buying the products themselves, but equity in the entities which issue them (exchanging zero-cost "digital assets" for hard cash) as well as the exchanges and other intermediaries. But venture capital is swarming all over this stuff, and you'll be buying hyper-valued shares off insiders.

 

[Daal]

They're all just forms of entertainment. I think it's a foregone conclusion that the total value of digital collectibles will rise significantly, but it's tough to see any rational or systematic way to pick winners. If patterns from the physical world hold then a tiny handful of "classic" product series will retain meaningful value, and more or less go up over time, while most will be poor investments in the long run.

The best way to play the theme is probably not buying the products themselves, but equity in the entities which issue them (exchanging zero-cost "digital assets" for hard cash) as well as the exchanges and other intermediaries. But venture capital is swarming all over this stuff, and you'll be buying hyper-valued shares off insiders.

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 plan to own them if they were ever to crash. CK's I bought a bunch. If BTC had NFTs, I bet whatever Satoshi did would be worth a fortune now and they would continue to be worth a fortune in the future, as a long as BTC existed

The new projects I'm more selective about, its a lot harder and I'm passing just about everything but I'm looking, I'm learning a lot from it, its teaching me a lot about the mechanics of how illiquid markets work. Also, the discords of NFT projects are great because it is putting me in touch with people that know a lot more about the crypto tech than I do. So its has been great so far

 

[Specterx]

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 dissaminate information censored by governments, Facebook saying they are a metaverse company (and they own Oculus, the VR company). The future is a merge between digital and real. VR will take this whole thing to another level, concerts will look real and be more magical and full of effects than real concerts. Porn will be taken to a whole new level which will lead people towards addiction and loneliness. Mental health and addiction recovery will be booming industries, so will crypto and providers of chips and tech to all of this (AMD, Nvidia, etc), plus much more
Its sad but hard to stop

VR has been hyped for years without much to show for it. A couple years back I tried a VR headset at one of those mobile setups Facebook had going around, and there was nothing at all pleasant about the experience - it was uncomfortable and disorienting, certainly nothing like "actually being there". On the other hand, back in the 90s I could spend 12 hours a day playing video/computer games on old school systems and displays; even that old tech was plenty engaging and immersive. I believe technology is fundamentally incapable of delivering the lifelike experience that VR boosters describe.

On the other hand, I agree that the "metaverse" is still a useful concept and things will continue to move into the digital world. Each successive generation seems to be more and more detached from the material world, which likewise requires less human effort/attention due to rising automation and meeting of basic needs by the state (e.g. UBI which seems inevitable in the rich world).

 

[Daal]

VR has been hyped for years without much to show for it. A couple years back I tried a VR headset at one of those mobile setups Facebook had going around, and there was nothing at all pleasant about the experience - it was uncomfortable and disorienting, certainly nothing like "actually being there". On the other hand, back in the 90s I could spend 12 hours a day playing video/computer games on old school systems and displays; even that old tech was plenty engaging and immersive. I believe technology is fundamentally incapable of delivering the lifelike experience that VR boosters describe.

On the other hand, I agree that the "metaverse" is still a useful concept and things will continue to move into the digital world. Each successive generation seems to be more and more detached from the material world, which likewise requires less human effort/attention due to rising automation and meeting of basic needs by the state (e.g. UBI which seems inevitable in the rich world).

The technology will improve

https://www.matthewball.vc/all/hardwaremetaverse

 

[Daal]

If BTC had NFTs, I bet whatever Satoshi did would be worth a fortune now and they would continue to be worth a fortune in the future, as a long as BTC existed

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