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Is the Against Modern Football hashtag still a thing? on 20:07 - Jan 27 by BlueandTruesince82
I agree some of it is, perhaps lots of it but inthink it will be a bit dot com boom, out of the Ashes ther will be a future Google or Microsoft.
XRP and XLM for example both far quicker and cheaper to transfer large amounts of money, esp cross border. XRP in particular designed to link financial institutions.
Even then its not about what they can do now, its the potential for what they can do in the future, scaleability.
I've seen a glimpse of some of the metaverse stuff that's coming (if you haven't seen it try watching Ready Player 1, maybe it won't have got that far in our lifetime but that really is a glimpse into the future, maybe not in terms of the slightly dystopian depiction of how we live but the metaverse stuff 100%) and there will be a huge expansion of digital marketplaces though the huge speculation in virtual land is insane given we are talking about an infinite space.
With NFTS some will retain value depending on their association but most are ridiculously overpriced and fundamentally worthless (and often a bit $#it) but whilst it's insane to buy an NFT of a hoodie (something someone recently spent £30k on!) At some point on the future people will spend £30 quid on jeans for the digital avitar that you walk round the metaverse with and I know even that sounds insane but it's where gaming is headed and has been for sometime and with it youth of today are already growing up in the precursor to that world....do you remember watching Minroty report and being blown away by the computer screens that were so futuristic? That's basically your phone now and that film isn't even that old.... where we will be in another 10, 20, 30 years from now could be quite different to the world we live in today.
I'm not saying go and buy a load of crypto but I am saying if you do decide to buy crypto, do your research and you should avoid scams.
They won't all survive, some will amalgamate but they are ( In my opinion only of course) here to stay
We can already link financial institutions, we didn't need a new technology to do so. These things don't seem to solve any problems we actually have in engineering. This is just a new version of moving from a SQL database to a NoSQL one and hoping that magically solves all your issues.
As for the metaverse, whilst you're right about coming again I'm not sure what NFTs need to suddenly come into what is at it's core paid items in a database. Second life was doing this decades ago without blockchain.
I know people can and do make money on crypto but it's basically as footers described it in another post. It's gambling.
Is the Against Modern Football hashtag still a thing? on 08:47 - Jan 28 by DanTheMan
We can already link financial institutions, we didn't need a new technology to do so. These things don't seem to solve any problems we actually have in engineering. This is just a new version of moving from a SQL database to a NoSQL one and hoping that magically solves all your issues.
As for the metaverse, whilst you're right about coming again I'm not sure what NFTs need to suddenly come into what is at it's core paid items in a database. Second life was doing this decades ago without blockchain.
I know people can and do make money on crypto but it's basically as footers described it in another post. It's gambling.
We can but not the way XRP will and not to mk knowledge as inexpensively as they can.
What does it cost to send millions of pounds Cross borders? How long can it take? Its quicker and cheaper using blockchhain but as I say that's just tbe start. It's the scalability that will be mega.
As for NFTS I think I say in both my posts , most are nonsense but there will be a few that will retain value by association (he won't it would be too much like selling out but as an example if Banksy did an NFT that would retain its value as art becsues its Banksy)
Yes you could buy and sell items on 2nd life but that was limited to second life, metaverse will scale that up, one day (and again maybe not in out life time) people will maybe walk into a metaverse pawn shop to sell their unwanted digital sword etc and what blockchain will do is reduce (not eliminate becsues people will always be stupid) digital theft of such items, dunno if you've seen the episode of big bang where Sheldon gets robbed of a his world of war craft stuff for example. Confirmation on blosfkchain provides security of transscation and NFT provides proof of ownership but as think NFT will develop beyond that into something else as the metaverse develops becaues in mta people will want to wear or carry those digital assets about their avatar.
I don't disagree that its gambling, just like investing in anything and I agree, there needs to be better regulation, the lack of which makes its a riskier gamble.
But hasn't the conversation become about whether crypto is here to stay? And yes, in100% belive it is.
Does anyone need a Luke Shaw NFT? no. But a Messi or Ronaldo one might hold value, so it still depends. Does anyone need some Monkey NFT of themselves, no.
To give some context Cristiano Ronaldo 2003 Panini Futebol Portugal Mega Craques #137 PSA 10 Goldin Auctions sold a PSA 10 copy of Ronaldo's rookie Mega Craques rookie card for $156,000 in 2021 and baseball cards are at a whole other level
Is the Against Modern Football hashtag still a thing? on 09:14 - Jan 28 by BlueandTruesince82
We can but not the way XRP will and not to mk knowledge as inexpensively as they can.
What does it cost to send millions of pounds Cross borders? How long can it take? Its quicker and cheaper using blockchhain but as I say that's just tbe start. It's the scalability that will be mega.
As for NFTS I think I say in both my posts , most are nonsense but there will be a few that will retain value by association (he won't it would be too much like selling out but as an example if Banksy did an NFT that would retain its value as art becsues its Banksy)
Yes you could buy and sell items on 2nd life but that was limited to second life, metaverse will scale that up, one day (and again maybe not in out life time) people will maybe walk into a metaverse pawn shop to sell their unwanted digital sword etc and what blockchain will do is reduce (not eliminate becsues people will always be stupid) digital theft of such items, dunno if you've seen the episode of big bang where Sheldon gets robbed of a his world of war craft stuff for example. Confirmation on blosfkchain provides security of transscation and NFT provides proof of ownership but as think NFT will develop beyond that into something else as the metaverse develops becaues in mta people will want to wear or carry those digital assets about their avatar.
I don't disagree that its gambling, just like investing in anything and I agree, there needs to be better regulation, the lack of which makes its a riskier gamble.
But hasn't the conversation become about whether crypto is here to stay? And yes, in100% belive it is.
Does anyone need a Luke Shaw NFT? no. But a Messi or Ronaldo one might hold value, so it still depends. Does anyone need some Monkey NFT of themselves, no.
To give some context Cristiano Ronaldo 2003 Panini Futebol Portugal Mega Craques #137 PSA 10 Goldin Auctions sold a PSA 10 copy of Ronaldo's rookie Mega Craques rookie card for $156,000 in 2021 and baseball cards are at a whole other level
It can cost a little money to send large sums across borders, because we have rules and regulations around that sort of movement. The actual technology behind it isn't the issue, we can move money between accounts instantly. Look, I work with very large financial institutions, adding blockchain here does absolutely nothing. We've already got startups in this space that are making it very fast and very cheap (like Wise) that are doing this without blockchain. Blockchain is just, at it's core, an append only ledger. It's not magical, it's a database.
"Yes you could buy and sell items on 2nd life but that was limited to second life"
Yes, because that's how software works. Blockchain and NFTs are not going to let you just move items about from one place to another, that makes no sense. Someone still has to make graphics for that, there's different engines to consider, there are so many issues I can think of just off the top of my head that means NFTs or any in game item would not then be infinitely transferable to other pieces of software. It just does not work that way.
Is crypto here to stay? Maybe, who knows, depends how big the crash is.
Is the Against Modern Football hashtag still a thing? on 09:55 - Jan 28 by DanTheMan
It can cost a little money to send large sums across borders, because we have rules and regulations around that sort of movement. The actual technology behind it isn't the issue, we can move money between accounts instantly. Look, I work with very large financial institutions, adding blockchain here does absolutely nothing. We've already got startups in this space that are making it very fast and very cheap (like Wise) that are doing this without blockchain. Blockchain is just, at it's core, an append only ledger. It's not magical, it's a database.
"Yes you could buy and sell items on 2nd life but that was limited to second life"
Yes, because that's how software works. Blockchain and NFTs are not going to let you just move items about from one place to another, that makes no sense. Someone still has to make graphics for that, there's different engines to consider, there are so many issues I can think of just off the top of my head that means NFTs or any in game item would not then be infinitely transferable to other pieces of software. It just does not work that way.
Is crypto here to stay? Maybe, who knows, depends how big the crash is.
And yet banks and institutions already working with various crypto organisations and looking at integration.
If humanity took the general view that we can already do something so we don't need to look at it again then we would have very little development. Some of these things will be integrated into financial institutions and beyond, now that's just my opinion of course bit 100% belive it.
I'm not sayinying blockchain is magical but as the digital space develops further blockchain is at least part of what that expansion will be built on.
At the moment yes, blockchhain is a ledger with a bunch of links each confirming the previous and the past link for security of transaction but as I keep saying its not about now, its about the future.
NFTS of course are not going to let you transfer anything, that's not what they are for, they are nothing but art (or whatever, plans, schematics etc) held digitally... I've over simplified a little there but.
As for blockchain, when (and one day we will be it in our life time or not) we spend leisure time strolling around and interacting with other people in the meatverse, buying digital trainers for our digital avitar we will be using our digital wallets to pay for digital things using crypto, are you telling me banks etc won't want a piece of that action? ultimately it doesn't matter if financial institutions buy into that or not because my digital wallet is separate from my bank, if I buy something with crypto now I transfer from my wallet to someone else's my bank isn't involved but as that becomes more prevalent, banks and everyone else will want a piece of that pie because if they don't, they'll be missing out on so much money and they just won't allow that to happen.
If I was a bank I'd be asking now, can I offer crypto staking at some point in the future? Because really staking is v much like earning intestest and just like a bank wants as many people as possible holding as many accounts as possible with them (for which they offer interest amongst other things as incentives) they will see the flow of cash will at some point get big enough where rather than people staking on exchanges, they will want to say come and stake with us, an established trusted institution, not some exchange... that's only one example. Does a bank want me holding digital assets or does it want my cash sat on its balance sheet? The latter. But the bank doesnt offer me a digital wallet (yet) so it's choice is leave it and maybe digital wallets don't take off or offer me one and get on the action but you can't do that if you don't want anything to blockchain, I can't store my BTC (not that I hold BTC), XRP, XLM or QNT or whatever in a bank, yet. Imagine if your bank (and forgive me I don't know what kind of bank you work for) can say don't hold these assets on a hardrive or an external ledger that can be misplaced, that you can locked out of, hold it here, with us, where it is safe....suddenly you're on to something. Again , that won't happen without blockchain adoption.
Why are so many banks trying to prevent purchases on exchanges? They say its for out protection, we might all get taken by scams etc. it's not, it's for theirs they are trying to plug the leak in the damn but at some point there Will be a if you can't beat em join em moment.
Not all tokens will survive, just as VHS triumphed over betamax, some blockchains will do so over others and some tokens the same bit it is here to stay one way or another .
As I keep saying, it is not about there here and now it's about the future, you have to see the whole, its beyond software even now.
To me this is like the birth of the intent, it will never take hold, we don't need it, we won't use it the boardrooms cried.
They did. They do. They will.
Again, just my opinion but you can already see the adoption taking hold, the damn is breached.
Sadly a lot of this operates on the "Greater Fool Theory" in that it has no tangible value over and above expecting someone to pay you more for it that you originally paid someone else.
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