if you can find a compelling use for blockchain tech then cool. there is some potential there. most existing uses out there are not very compelling.
Anyone into NFT's and blockchain?
spacepirate How about high speed 5G internet, without ISP's, no limits?
https://www.helium.com/
THIS IS NOT INVESTMENT ADVISE!!
I'm just showing blockchain aplications.
Car manufacturers not having the chips they need isn't bc of miners
Well somehow it is, they basically cut their orders because they expected sales to crash down because of the pandemic. In the meantime the whole semiconductor industry got fully booked and they can now not place any new orders. Of course it is not just cryptos, but they are a big part of it, and it is not just GPUs. Except for ETH which was designed to not work efficient on ASICs basically all other cryptos get mined by ASICs nowadays, and these block the capacities car manufacturers actually needed, because just like most car chips they are not produced on bleeding edge technology but on older cheaper nodes.
Or the price of DDR5 being absolutely insane.
Which has be the same everytime a new memory standard arrives, it usually takes 6-12 months for a new standard to reach reasonable prizes, of course it nowadays may take even longer.
- Edited
Rakly3 I'm not going to pretend mining has nothing to do with it
Yeah I know, I wasn't fully serious about that. Still pretty pissed about the high prices though.
here's a quick overview of NFT stuff
He doesnāt post often, but Bob Loukas is not one you ever want to miss. This guy first noticed and expounded on crypto cycles and he has been spookily accurate ever since. He just posted a few days ago too.
https://youtube.com/channel/UC0zGwzu0zzCImC1BwPuWyXQ
Watch this and everything that has happened since he created it.
https://youtu.be/ivWdOztDkv4
Honestly guys - if you have spare money for a good investment, buy a lifetime on SLR
Dont believe in the hype of NFTs. All they are is digital bragging rights, except the thing you will be bragging about is your own gullibility. You might just as well get a "star with your name" or "an acre of land on the moon"
hhigh88 Only if the lifetime subs were limited in numbers.
- Edited
catflap All they are is digital bragging rights
Maybe right now thatās all they are, but as Iāve said above the potential for what NFTs can be has not yet even been scratched. Thereās a AAA FPS game under development (will be Unreal Engine 5) where purchased weapons, armor, and other in-game items will be NFTs. This means you can prove ownership of said items (until such time as a better player takes them from you) and re-sell or trade them on the marketplace, potentially for profit. As the CEO loves to say, imagine acquiring a killer weapon and being able to look back at its ownership history to find it once belonged to a prominent gamer on YouTube or Twitch, or to a major celebrity. This means not only is it possible to get sunken gaming costs back out, but skilled players will be able to make a very good living playing the game.
This is just a single killer use case. Donāt be so quick to write off blockchain, crypto, and NFTs people. These things havenāt even begun to change our world, but ten years from now everything will be different.
argyle43 Donāt be so quick to write off blockchain, crypto, and NFTs people. These things havenāt even begun to change our world, but ten years from now everything will be different.
I really hope they go the positive, value-added way in the next few years that you've given an example of.
Because I recently saw an ad banner for a chance to win an official "NFL Got Milk" NFT, and it made me want to jump off a bridge to avoid this new world we're entering into
- Edited
catflap well my āwho-gives-a-shit-o-meterā about your meter is deep in the red zone too bruh. It was just one example. my money says NFT utility will take off in countless areas, so go ahead and start planning to be proven wrong
hereās more use case examples. Digital Identity, Medical Records, and the like will be a big one. A whole army of lawyers for contracts, deeds, and real estate will soon find themselves unnecessary. Pick up a copy of The Truth Machine or Blockchain Revolution if you think Iām full of shit.
argyle43
And this exactly describes why NFTs are bullshit.
They bring already shitty "microtransaction" out of games into real life, although it is hard to say how "real" this actually is.
Nobody except for greedy CEOs of game publishers ever wanted this "microtransactions" in games, let alone in real life.
ibins haha couldn't agree more either and CEO's of game publishers are often not big supporters of NFTs either. It is because it will allow consumers to buy / sell game assets outside of the game. But I don't think you fully grasp the idea of NFTs. It's a hype not with a lot of bullshit jpegs etc and I agree that is kinda bullshit. But the technology behind it will offer use many ways to decentralize ownership and especially the administration of it. E.g. when selling your car you can simply transfer the ownership documents as an NFT yourself, when resellign tickets for events you can also transfer the ownership yourself, etc. Endless possibilities that make us less dependent of (expensive) administrational bodies.