it's not (just) the media. It's human nature: you offer something sufficiently remarkable (in the sense that it invites a remark from people, whether positive or negative) and the remarks raise awareness which drive more remarks. A certain percentage of people think it's interesting/good and try it. It's the same principle behind populists saying outrageous things. The media amplifies it, but it happens even without media. You and I are a part of it right now, by commenting on this thread.
well, but if you buy an artwork at auction and then fly it to your home, then fly it to a museum to show it, etc. you are also consuming a lot of energy. A lot more than an NFT. Real-world things & experience generally require a lot more energy than virtual ones. In the big scheme of things, if people start buying less real world stuff and more virtual stuff that's good for the environment, even if for now the system is inefficient. So take your pick - is your argument against NFTs based on the environment or physicality?
not sure if I'm getting your point/ if you are being sarcastic and if you mean higher lift as in 'more effort' (bad) or 'more uplift' (good). in comparing the 2 the the liquidity of the blockchain mas to be weighed against the liquidity of traditional app stores.
it's a digital signature. You can simply agree with a group that it will be valid - just like you can agree in trading that closing a deal by saying 'done' on the phone is valid.
yep. Likewise with USD monetary aggregates growing - one would imagine that the value of the underlying US economy would be diffused among more USDs (inflation) but it often seems that loose policy helps the US economy grow and somewhat make up for it (eg we have inflation now, but back post 2008 it was really surprising to me that we didn't). Of course with crypto you have the factor of more forks/coins rather than more of the same...
Why use software at all? Use a paper title registry. Ownership and potential for profit are the value propositions. Most users don't care about decentralization or file formats at all (disagree with your premise on security). Oh wait - that's how the actual Olive Gardens are owned ;)
you joke, but you wouldn't believe the number of artists and users that initially rejected our NFT app based on environmental concerns until we explained that transactions weren't on blockchain. Not saying the concerns aren't valid - they absolutely are - but it was just surprising.
signalling doesn't even have to be expensive and so status focused as with luxury goods. If I get a freebie baseball cap from an event I went to and wear it, that's signalling, even if the cap is economically worthless. Also, it's not all about signalling: I might buy a tshirt from a concert I went to, even though it's pretty overpriced, and I could have a copy printed for less if I wanted to, and it would have the same signalling value. Likewise I could get all my TV and music and books and software from torrenting, but I don't. Finally, I could play magic the gathering or yu gi oh or pokemon with printouts of cards, but I don't...
yep doing this in our app. You'll soon be able to subscribe to bundles of NFTs. Though not to be a better an investment - just for fun, like buying packs of magic cards.
you could certainly have an NFT made up of other NFTs. For example an avatar where the individual traits (hair,clothes, expression, accessories) are all NFTs, so potentially you have artist A making the traits and artist B putting them together. You ultimately could do this with all sorts of more interesting objects
well it depends on the license. An NFT of an olive garden may be meaningless, while an NFT of an artwork with a license that says the NFT buyer has all rights to the art may be meaningful. And in theory you could make an NFT of an actual Olive Garden - it would simply be a digitised bearer share. But bearer shares are mostly illegal nowadays to prevent money laundering.
Yes, my company launched an NFT app that is not on any blockchain (although we're looking into how you can export your NFT to a blockchain of your choice if you want). An artist can certainly sell their art in our app and on ethereum, say, just as an app can be on iOS and Android, or a stock can be traded on multiple markets. We have had people try to upload copies of bored apes and so on and we reject those, but if it's the artist, that's fine.
I have seriously thought about leaving a bucket list of expensive & risky stuff for when I'm old (why not take up motor racing, acrobatic flying, sailing around the world at 75?) but whenever I bring this up my gf is horrified.
As a counterpoint to the flak you seem to be getting for this comment, I am awful at admin stuff and my partner is better at it and has more free time than I do. since we moved in together, and especially post-pandemic, I have been surprised at how much we have fallen into traditional gender roles - I had never wanted or expected that in a relationship. To the point where I've been considering hiring a PA for exactly those kinds of misc tasks you mention, precisely to prevent my relationship from further developing such '1950s' dynamics. I really don't see what is cringeworthy about that.
Do EB-5 investor visas work well in practice for those looking to start a business in the US? Looking at the rules it would appear to be straightforward as long as you have the capital -invest $1.8M and employ 10 people. It there a catch other than the amount of the investment that makes it hard in practice?
Yes, Real Estate can be a really flawed inflation hedge, and the relationship between rental yields and interest rates can also deviate sharply from conventional wisdom. Here in Brazil, although inflation is typically in the 4-10% range per year, and although all the rental contracts are tied to inflation indices, you look at homebuilders, REITs, physical real-estate, and nothing has kept up for the last decade. And for as long as I remember, gross rental yields have been lower than the real yields on NTN-Bs - our equivalent of TIPS - which on the face of it doesn't make any sense.
Interesting. Zoom has held its own well against Teams, but I'm not sure Notion has reached comparable escape velocity / sufficiently strong network effects yet. With well-funded Coda on one side and now Microsoft Loop on the other, I'm curious as to how this competition is going to play out.
Even before this, one conclusion I had drawn from seeing Coda trying to out-raise and overtake Notion from a standing start is that in the current market environment, as an entrepreneur in any space that is not niche, you may well not have the luxury of building a good product, setting up a sustainable business model, taking a moderate amount of VC funding (I'm not even saying completely self-funding), growing at a 'merely' fast pace. It was clear to me why that was the case with 'purer' network-effects B2C businesses like ridesharing and social media. But I hadn't really thought of office software like that before. So much for all the VCs who like B2B SaaS because it's straightforward as compared to the 'all-or-nothing' B2C app world...