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Strong with a soft rug
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Like I said .. for me in this current state, NFTs are a scam.We (as in society) are 'rebranding' existing processes every day in order to make them better/more optimized/more streamlined. NFTs can potentially do those things for property ownership once they are more fleshed out.
Grubhub wouldn't have worked 20 years ago, even though the internet and restaurants both existed. But it works beautifully now that the internet and the way that we interface with the internet is much more robust.
You are being short sighted and basing your thoughts on the current state of NFTs. But NFTs (and blockchain) will be much different in the future. Profile picture collections is just the most basic application of NFTs that we have at this point in time. They will have no relevance to the application of NFTs as a way to verify property ownership. There will be no hype or frenzy associated with it. Just instead of having a deed, you'll have an NFT. Our grandfathers would've laughed at us if we told them we could order a pizza without ever picking up the telephone or leaving the house. Just like you can't imagine an NFT being proof that you own your crib.
NFTs have an interface already built into them so that your insurance/registration/tax agencies can get the info they need. The blockchain does all of the paperwork, accounting, etc for them. They/we just need to build the tools to be able to take advantage of it.
If you can’t run your own node, splitting between rETH, stETH and a yearn vaults for staked eth is the move.No way Coinbase is going bankrupt in the short term so you’ll be able to get your eth after the merge.
Regulators asked them to add that sentence in their report. Brian explained it on twitter iirc.
Where are y’all stacking your ETH?
Im not going to argue this ....
NFT is a scam at the moment, period. Everything you mention seems like someone is trying to rebrand an existing process and calling it NFT.
For example ... what would you use NFTs in a car dealership? Buy a NFT (car attached) via QR with Eth/Solano and the NFT fills in all the blanks and has your paperwork ready? But how about insurance/registration/inspection etc? Is it interfacing with RMV/Ins. angencies/etc and if so, at what cost???? Like whats the real advantage?
Can they save you a step or two?? Perhaps. It looks like you can close quicker on houses because everything is done and rolled up to an NFT. But again, how about deeds being registered/annual taxes/insurance etc? Like the NFT will be render useless after 1st purchase? Do you have to pay lawyers and programmers to update the NFT for a future sale??
The **** you say about AirBnB is useless ..... you still have to search a website with days and book it. What is the purpose of the NFT? Most modern AirBnBs have digital locks and codes are given to you for duration. You still have people that come out to greet and collect tourist taxes (Europe/etc) .. like wtf do we need an NFT???
Like I said before Bitcoin original concept was dope. Decentralization and purchasing in the dark web but with everything being tracked ... whats the purpose? You can pay and/or take money out in just about anywhere in the world with a credit card and or an app or google/apple pay. I guess if we treat it like a stock then it's a different story.
But NFTs???? Dudes doing NFTs of BS and selling like hotcakes.
Just my .02 bytes
I hope so ....Your children will be buying houses online in one click thanks to NFTs
This will all be abstracted away with smart contracts and oracles btwI hope so ....
But for those regular people that still need LOANS to buy house .... how would it work?
How about independent appraisals? How about contingencies? How about inspections???
Dont let the current market fool you!
Stop making **** seems so simple. I'm all for simplicity and evolving, but an NFT will facilitate all the closing paperwork upfront .... you still have to trust the people or lawyers reviewing and creating the verbiage of a sales agreement.
However, none of that has anything to do with how or what is currently the typical NFT.
Ok cool ... so how would that work???NFT is just a transfer of property rights papi
yup. that’s how i see it working. credit score/limit, jurisdictional particulars, property tax laws…everything can be programmed into the process. definitely long-term but the vision is there already and being worked on.This will all be abstracted away with smart contracts and oracles btw
Perhaps Im just old ....NFTs are just a deed that prove you own the property attached to it
You keep focusing on the old world and completely missing that crypto is building toward a world without relying on lawyers to settle disputes and banks to give you permission to borrow money.
The biggest deterrent is government intervention which will be abstracted away when they realize they’re going to lose all of their power and capitulate into using blockchains to stay relevant globally.
It’s pretty clear you’re only here for the money and not the values, culture and tech. Highly recommend learning about that before investing anymore money.
I’ll try to efficiently exit Strong, decay model is what they needed from the start. Surprise pivot 2 years later… RIP
During this market grape finance and Horde still giving consistent returns.
If yield nodes does good this month I’ll start position there. Other one I’m starting some due diligence on is freeway: concept is they take your $ and forex trade. Give you back 43% In stables or different cryptos. Regulated in Australia
Vitalik Buterin co-published a paper predicting Ethereum’s future.
NFT which are non-transferrable are called soulbound tokens (SBTs). Once you receive an SBT, you hold it in a Soul wallet forever. Only the issuer can burn the souldbound token.
Problem with Transferable NFT’s: If someone shows you that they have an NFT that is obtainable by doing X, you can’t tell whether they did X themselves or whether they just paid someone else to do X.
Use case 1: Universities could give SBT degrees to their graduates. If universities gave NFT degrees now, graduates could sell them to anyone online. But if a graduate receives an SBT degree, he would not be able to transfer or sell it.
Use case 2: A company is trying to hire people who went to Conference X. Because Conference X gave out SBT badges to its attendees, no one can buy a badge on an open market. The company could then filter candidates for verified attendees of Conference X.
Use case 3: A DAO wants to build a community of environmentalists. The DAO can airdrop SBTs to attendees of environmental conferences and graduates of environmental programs. Assumption: there are very bad things that can easily happen to governance mechanisms if governance power is easily transferable.
Use case 4: Property ownership, People renting the property should be given soulbond tokens.
Kids ain’t gonna be buying any houses lol
What's your thought's on the Akumu sneak peeks so far?? stick
Joints looking kinda mid compared to genesis BD imo.