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Free registration at the forum removes this block.I don't know much about the metaverse besides how it relates to lyxe but I can't see how it becomes mainstream?
On one hand people have more cash in their bank than usual, but on the other hand what needs does the metaverse fill?
A rather long read, but worth it if you're interested in getting a vision for what a digital future can look like with crypto as it's infrastructure.
Below is the TL;DR from the article.
- Crypto is laying the foundations for a self-sovereign financial system, an open creator economy, and a universal digital representation and ownership layer via NFTs (non-fungible tokens).
- The Metaverse is coming; trends indicate our direction of travel. Our next great milestone as a networked species awaits us: 7B digital souls with the option to exist almost exclusively online and participate in a virtual economy with societal impact.
- More time spent online will lead to more value created and consumed digitally.
- In order to maximize willingness of individuals to allocate serious time and capital to virtual environments, establishing trust in their durability as well as economic robustness is paramount.
- As education of web 2.0’s shortcomings rises, users will prefer credibly neutral platforms that lack altogether the capacity for arbitrary censorship, undue rent extraction (also in the form of privacy cost), or sudden cessation.
- All of these threats are only amplified by increasingly immersive, pervasive, and interconnected digital environments.
- Decentralized networks provide a unique and unmatchable degree of assurance, whilst a universal erosion of trust in institutions is forcing the desire for alternatives.
- NFTs on top of them enable a standardized universal digital representation and ownership layer for any natively digital “thing” such as game assets, digital art, or domain space.
- Early breakout successes will drive FOMO as onlookers scramble to understand the new tool sets available. The network effects of these protocols prove difficult to overcome; their open nature compounds permissionless innovation incredibly quickly as each additional creator builds on the shoulders of all who came before.
- Owning core pieces of these new worlds brings great financial returns to those who believed; many of whom will be from emerging markets who were quick to move on the opportunities available.
- Beyond wealth, the initial players are granted additional advantages. As pioneers of a variety of new business models and technologies, their accumulated IP and know-how provide a significant moat.
- In the same way the rise of mobile forced large buyouts and talent acquisition, so too will the rise of crypto across gaming and the creator economy.
- In hindsight, it will be obvious that crypto’s role in the Metaverse was the most imperative yet least explored by those speculating on its emergence.
I have a dead hard drive here that is now worth over $4.6M if I could ever recover the bitcoin wallet from it.
And yes, never buy at all time highs, buy the dips.
Guys i know this question must have been asked so many times...but are you using Coinbase or Binance ?
What do you thing about Coinbase because i'm getting myself started but then i saw the facebook page of Coinbase and a lot of people are saying that they can't withdraw their money or nobody is answering...
(I can't even verify my account i can't receive any confirmation email from them)
Thanks!
In, trusting a guy on an internet forum to invest a few grand is a thrill like no other, I tell you.All board.. you got about 2-3 hours (maybe 4-5) to catch it. It's currently 1:13am pacific.
What government? I guess you mean the government of the USA. Public blockchains are by design global systems. Governments are not. No government can crack down on Cryptocurrencies.What happens if (when) the government decides to crack down on Crytocurrencies? The whole point of Cryptos is to take power away from Government monetary systems. You think they're going to let that happen?
Let me guess. You are an American, you have seen North America, and that's about it? Because this statement is completely false and is based on a limited world view.Even more haunting is: Does anyone know what people actually buy with Cryptocurriencies? Have you ever purchased something with Bitcoin? I hate to break it to you but 90% what cryptocurrency's are used for is for buying heroin and handguns off the dark web.
Also, Bitcoin and the other cryptos are vulnerable to technological advances. Bitcoin transactions sometimes take hours to process because if the verification process. If a blockchain technology comes along that offers immediate verification, Bitcoin will be rendered obsolete. Are people going to start buying products on the web with BTC? By the time it's done processing you could have already had your Amazon Prime package lol.
Take it back to First Principals; when you make an investment you're basically betting that X product will become a huge part of life in the future. If you buy stock in a company you are betting that that company is going to grow in the future.
But I would not suggest using it as a ling term investment strategy, and I definitely don't putting all your eggs in this basket. I think that most, if not all, of the current Cryptos are way too vulnerable. There are so many things that can go wrong and crash the whole thing.
Bingo.Leave the lottery mentality to the slowlaners.
Who records the deeds to real property?
By increasing profitability and lowering reliance on subsidies, bitcoin mining can positively contribute to the development and scaling of renewable energy projects wherever conditions are the most favourable
A cryptographic dollar is scary as hell. Every transaction you ever make is recorded in a blockchain for review by authorities. Yeah no thanks. Even if you are in the top 1% of most diligent book keeping people out there, this is still scary.Yeah I don’t agree. They will preach how volatile the private cryptos are(btc,Eth) to get mass adoption of their bank coins. If they do the same thing as gold they will then try to regulate the purchase of btc to make it hard and buy as much as they can to become majority shareholders. Once again becoming the ones who own all of the real money. If everyone is running around with masks for covid and acting crazy do you think the sheep will buy btc when their government says it is illegal?
They are already starting to discount btc over their bank coins if you start googling articles from them.
Would you mind expanding on this more? How would you go about doing this? Are the criteria for validating the network known already since mainnet hasn't launched yet?
And in general, what approach would you recommend to A) learn more about LUKSO B) start getting involved in LUKSO?
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