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Lucadg

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Lucadg
·vor 5 Jahren·discuss
Great article.

About NFTs: we tend to think they somehow need an image to make sense, while the "own the NFT to own the image" is both wrong and just one specific use case out of many. I find it useful to think about NFTs as "internet native property titles" which do not embed "law enforcement".

See it this way: if you own a house, you own a property title which proves it. In case someone squats your house and the law enforcement does not help you get it back (e.g. due to corruption or slow legal system), it's just a useless piece of paper.

Same with NFTs. Some use cases have enforcement embedded (e.g. ENS domains) and bear no risk, some don't (OpenSea minted image NFTs) and carry some risk from centralized entities (the same risk we have in 100% of Web2 applications btw)

Enforcement often happens at the app layer, even if the NFT image can be compromised. E.g. an NFT which gives you access to a walled web page will still work even if the image is compromised.
Lucadg
·vor 5 Jahren·discuss
I did the contrary. Completely wasted away my young years and money in endless world travels. Couldn't be happier of my decision. It's very subjective tough, and highly dependent on your risk tolerance.
Lucadg
·vor 5 Jahren·discuss
I think going maxi is a negative rather than a positive. It's when you go too far in the journey and seek for simplicity. Crypto is a complicated and fast moving world, so it's understandable that some people become religious (as in stop accepting new evidence) and tribal. Still, it's always good trying to keep an open mind.
Lucadg
·vor 5 Jahren·discuss
You can check https://collab.land/ which allows Discord users to access certain channels after proving token ownership.
Lucadg
·vor 5 Jahren·discuss
That's very different
Lucadg
·vor 5 Jahren·discuss
Yes, I think this information hasn't sunk in yet for the majority of people.
Lucadg
·vor 5 Jahren·discuss
For the reasons you enlist, I think we'll see a big shift towards working for DAOs or other forms of value creating decentralized and distributed organizations. They allow more independence, you only work on stuff you like and the interests are more aligned.
Lucadg
·vor 5 Jahren·discuss
Smart contracts are neither smart nor contracts.

It's code which does stuff and if you want to be on the safer side of it, you allow time and liquidity to test them out.

If you want to assume risks and possibly higher rewards you get in early (ape, in crypto speech).

It's pretty simple.

What makes it complicated is that they are called smart contracts.
Lucadg
·vor 7 Jahren·discuss
What are you referring to?
Lucadg
·vor 7 Jahren·discuss
I agree it's not comparable. Still, it can be pretty hard.

Airbnb deplatforming comes to mind: when it happens, some people lose their only source of income and finding an alternative may not be easy or quick.

Now, imagine this happening to a person in a developing country and the scenario may be not too far from feudalism.

People don't just play on platforms, they live off them.
Lucadg
·vor 7 Jahren·discuss
Some call it tech neofeudalism and the more I study it the more it makes sense to describe this kind of situations.

Kings used to own the land and serfs work it with no rights.

Platforms as Youtube own a new kind of land and Youtubers work on it with no rights.