re: Official CryptoTalk Thread

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Where would one store digital assets given out by QR code scanning?

How would one prevent counterfeiting of said digital asset without a permanent signature like an NFT?

How much easier would it be to automate this kind of thing using NFTs and crypto wallets rather than scanning QR codes of every ticket holder?

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less than 20% of Americans own any form of crypto. where are they going to be storing the digital assets given by NFT? thats a much larger obstacle considering the vast majority can QR scan. the assets could be stored the same way that people already use digital tickets on their phone which are safe vs counterfeit. businesses won't allow multiple entries off the same QR. scanning upon entry could activate the digital reward tied to the same account of the QR ticket holder.

as far as counterfeiting NFTs for personal jollies you could just take a picture of the NFT. as far as counterfeiting value for trading the NFT later, it could be tied to the account of the QR holder the same way the ticket itself is. itd be as secure as the digital tickets to the event and have built in marketplaces for it to be bought/sold.


they already scan every ticket upon entry so that's a non-obstacle regarding automation
how do you propose they know who to assign the NFT's based upon being present at the event you refer to? seems like your NFT proposal would require another step or two at least, maybe at best its the same amount of steps.

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How are you evaluating this? A coin being $.04 doesn't mean it's nearly valueless - TEL in particular got as low as .0006 at one point. It's grown tremendously in value, and should continue to grow as market rollouts and FIAT onramps/offramps continue to grow.

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again, its subjective but 4 cents is what I consider to be near 0 dollars. it would need to grow over 1000% to even round up to a non-zero amount of dollars - 1$. although I was more referring to big picture, I would say 1$ is near 0$.

Of course I'm not saying owning metric shitloads of something individually worth near 0$ can't be valuable. If you offered me 1 trillion pennies, I would gladly accept even though I probably would ignore an individual penny on the ground.

no need for anus puckering, i didnt say its worthless just that nearly all cryptos usage value as it stands would be near 0$. even a handful are not near 0$ use values either.

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im doubting the crypto usage narrative right now. the whole NFT use case is not worth trillions of dollars, anyways

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I consider defi “usage” of these ecosystems and I should’ve specified such.

But don’t care about semantics, folio aping again today despite BTC’s weakness. Like you, this is a trade and will end up back in USD & BTC.

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None of this is happening immediately, and none of it will happen where anyone completely replaces existing systems with blockchain-based systems. There will be an adoption period for everything with bridges between traditional systems and blockchain-based systems.

I envision our existing major banks making our checking accounts also be crypto wallets in the future, thereby making everyone have a crypto wallet if they so choose.

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we don't have a major disagreement then lol. i was saying we are a ways away from most coins having any legit use value thats not near/around 0 dollars. if it doesn't have use value and you are buying/holding hoping it grows to be more valuable in the future, that seems more like store of value being supported rather than usage narrative.

I think the only thing we disagree on is the value of a particular coin meaning anything on its own. The market value depends on many things, and something costing $.04 vs $1 is a function of several factors. Two coins can have similar market caps but one can be $10 and one can be $.50 per coin. That doesn't make the $.50 coin any less valuable in practice or for investment.

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But don’t care about semantics, folio aping again today despite BTC’s weakness. Like you, this is a trade and will end up back in USD & BTC.

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cheers to a defi summer

gotya

yeah looked at coinbase pro but couldn't figure how to just straightup buy usdc

seems you have to buy tether and convert or something?

tell me i'm just missing it ...

yea you'll need to go usd - tether - usdc - blockfi

not sure on current fees

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again, I was more arguing against maclauers anti-store of value vs pro-usage value narratives. those aren't really things joe schmoe is using coins for accomplishing something day-to-day. They seem more like store of value functions or speculative trader use.

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My point was misconstrued but I didn’t specify so that’s on me. My point was narrative shifting from bitcoin’s sit there and do nothing SOV to ecosystems that are alive, transacting, and growing. I have listed my folio holdings and outside doge you can see the common thread. I started diversifying in February and started heavily rotating away from BTC a month ago and have posted the things I’ve been interested in and they’ve obviously worked out very well (#1 SOL fanboy here).

But I know this thread would rather watch their BTC unrealized gains disappear than profit maximize because of tax fears downvote away