if you think nfts are a joke you are a dumbass

[Harold O'brien]

meme jpegs will not be the only usecase

regardless the same people shitting on nfts splash out for items of clothing because they a logo sewn onto them. it's a status thing

 

[BearBoy]

 

[Deleted member 15099]

nftmaxxing is legit

 

[Deleted member 5189]

View attachment 1554144

Vegans

 

[BearBoy]

Vegans

Do vegans taste good?

 

[Deleted member 3946]

People shit on nfts because most nft/crypto enjoyers are pretentious little fucks who think them following a couple of discord servers and twitter users suddenly makes them good traders and smarter than the average person for coinflipping their money. Actually smart people understand that it's very hard to put crypto (and general currency to an extent), let alone nfts, into concrete mathematical models , and therefore just don't give a flying shit about something volatile and inconsistent (when they could do stock trading instead for example)

 

[Harold O'brien]

People shit on nfts because most nft/crypto enjoyers are pretentious little fucks who think them following a couple of discord servers and twitter users suddenly makes them good traders and smarter than the average person for coinflipping their money. Actually smart people understand that it's very hard to put crypto (and general currency to an extent), let alone nfts, into concrete mathematical models , and therefore just don't give a flying shit about something volatile and inconsistent (when they could do stock trading instead for example)

because stock trading is so consistent. all mathematical models for asset prices suck

actual smart people are very bullish on crypto because it is the future of financial markets

 

[Lihito]

meme jpegs will not be the only usecase

regardless the same people shitting on nfts splash out for items of clothing because they a logo sewn onto them. it's a status thing

go dig a hole lazy shit

 

[Deleted member 3946]

because stock trading is so consistent. all mathematical models for asset prices suck

actual smart people are very bullish on crypto because it is the future of financial markets

Bullish on crypto is very accurate and a key word to describe it, because currently both I know that are actively involved (with very good financial field backgrounds and projects) , stay away from it due to its nature, and the fact that it's hard to describe

 

[Deleted member 5189]

Do vegans taste good?

No

 

[PubertyMaxxer]

Actual smart people create their own products and manage young companies

 

[Deleted member 17829]

nft's are a bubble. you got brainwashed by 'how to make money online' influencers.

let me guess, your into crypto(gambling) too?

 

[Harold O'brien]

Bullish on crypto is very accurate and a key word to describe it, because currently both I know that are actively involved (with very good financial field backgrounds and projects) , stay away from it due to its nature, and the fact that it's hard to describe

They stay away professionally because of regulatory barriers

If they stay away personally and have no interest in defi or financial innovation then they are just dumb or boomers, sorry

 

[Harold O'brien]

nft's are a bubble. you got brainwashed by 'how to make money online' influencers.

let me guess, your into crypto(gambling) too?

It's not gambling any more than stocks are

I'm heavily invested in defi and digitisation of world's financial assets

 

[Deleted member 17829]

It's not gambling any more than stocks are

I'm heavily invested in defi and digitisation of world's financial assets

it is cos stocks actually hold real value. coins are literally just memes

 

[Harold O'brien]

Actual smart people create their own products and manage young companies

In the cryptoverse, yeah

Just look where all the young natural talent is going

 

[Harold O'brien]

it is cos stocks actually hold real value. coins are literally just memes

Explain to me the value of non-dividend paying stocks

Smart contract platforms derive value because the coin is required to execute smart contracts

 

[Deleted member 3946]

They stay away professionally because of regulatory barriers

If they stay away personally and have no interest in defi or financial innovation then they are just dumb or boomers, sorry

My own side stops there, because I don't have a financial background as you can guess. I'd however really like to know your own background and what kind of validity you bring to this table to make this kind of absolute claims? It's pretty bold imo. "Innovation" my ass, there's only 24h a day, if you were to look at every single possible project you'd have no time. In life there's value, and value within reason. It's very very fair for me to say, that someone deciding that investing a lot of time and money in a very volatile environment, when stock trading brings like 20-25 percent ROI, is very much in the area of value within reason. When you're looking at it more rigorously, you're also not gonna "innovate" in the hopes of a random non predictable blow-up of some random crypto. Imo, this is all just talk ,like some of those instagram "grindset" pages, making you feel like you're inadequate/uninformed for not being involved in the latest trend.

 

[Harold O'brien]

My own side stops there, because I don't have a financial background as you can guess. I'd however really like to know your own background and what kind of validity you bring to this table to make this kind of absolute claims? It's pretty bold imo. "Innovation" my ass, there's only 24h a day, if you were to look at every single possible project you'd have no time. In life there's value, and value within reason. It's very very fair for me to say, that someone deciding that investing a lot of time and money in a very volatile environment, when stock trading brings like 20-25 percent ROI, is very much in the area of value within reason. When you're looking at it more rigorously, you're also not gonna "innovate" in the hopes of a random non predictable blow-up of some random crypto. Imo, this is all just talk ,like some of those instagram "grindset" pages, making you feel like you're inadequate/uninformed for not being involved in the latest trend.

Do you think the future of finance is filling out a shit ton of paperwork and waiting over a week to get a loan approved by a bank? Or clicking a few times with the required collateral?

Decentralised finance is inherently superior because a) there are no single points of failure in the system and b) it is far more efficient having contracts that execute automatically.

Institutions acknowledge this, just look at the results of the 2021 Blockchain survey from Deloitte. The anti-crypto crowd is just midwits forming a counter movement to all the cancer shitcoin gambling without understanding the fundamental behind the whole space

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www2.deloitte.com/us/en/insights/topics/understanding-blockchain-potential/global-blockchain-survey.html&ved=2ahUKEwjnr43Vso_2AhUGiFwKHSnAArQQFnoECEYQAQ&usg=AOvVaw1lQm9Ef0tvVv0UlwXF0XU7

 

[Deleted member 3946]

The anti-crypto crowd is just midwits forming a counter movement to all the cancer shitcoin gambling without understanding the fundamental behind the whole space

Agreed with the decentralised finance part, that's pretty much the whole appeal of crypto obviously. As per this point I've quoted, yea obviously that's what I'm personally against, people don't actually understand how that shit works (read; just reading stuff up and watching videos/influencers, then taking that subjective opinion full of biases to attempt applying it on a practical level), and thus make it harder for actual traders, adding more variables in this. There's a reason that the Greater Fool Theory can be mathematically modeled.