News for hackers. Stuff that matters.

A comment on Stripe Crypto. Parent comment

Re:Stripe Crypto by Nextgrid on Thursday March 10, 2022 @05:51PM (#30633693)
The only reason NFTs sell for more is because of the hype and the likelihood of there being some bigger sucker to resell it to at an inflated price. This won't last forever and then you'll end up with the same same 30$ t-shirt-like prices but in NFT land. The "art" and "artist" involved is irrelevant here - what matters is that you have something that the current market has a lot of demand for.
[ Parent | on HN ]
Re:Stripe Crypto by wahnfrieden on Thursday March 10, 2022 @07:26PM (#30634557)
fwiw I’m interested to explore the $30 NFT price point with a broader project (not pfp or 1/1 or jpeg stuff) and am a lot more optimistic for it than trying to deliver as much value or as little ecological impact with tshirt merch. I think you’re focused on the speculative peaks of what’s going on now, or only what’s happening within eth
[ Parent | on HN ]
Re:Stripe Crypto by QuikAccount on Thursday March 10, 2022 @10:11PM (#30635668)
I mean NFTs currently are an environmental nightmare. The common response to this is "but that will change with Proof of Stake" and I'll believe it when it happens.
[ Parent | on HN ]
Re:Stripe Crypto by wahnfrieden on Thursday March 10, 2022 @11:26PM (#30636177)
It's already happened, maybe you're talking about when PoS is dominant / happening in eth, which is not all of crypto and not settled that it will remain dominant
[ Parent | on HN ]
Re:Stripe Crypto by QuikAccount on Friday March 11, 2022 @12:14AM (#30636499)
I am referring to PoS in ETH and while it is not settled it will remain dominant, it currently is dominant so all the talk of how eco-friendly crypto will be is just talk until that happens. It is not settled that Proof of Work will takeover as the dominant mining method.
[ Parent | on HN ]
Re:Stripe Crypto by wahnfrieden on Friday March 11, 2022 @09:19AM (#30640181)
Excuse me - I started by talking about my non-eth non-PoW project, which absolutely is vastly more ecological than tshirt merch. Your response was that it is ecologically impactful then it turns out you’re talking about other things
[ Parent | on HN ]