Conversation

Took me like 2 years to make my first $100 on Google AdSense back in 2007-08 or so... it's taken me less than a week to make over 3k on Web3. 🤯 Yes, I'm much better known now than then, and yes there's major frontier froth going on, but still... I get "internet of money" now
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for those curious, I sold an nft each on opensea and mirror, and got a cut of a sale by a friend on foundation... so this is across 3 nfts
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I have like zero hope of regulators understanding any of this even remotely... they're still struggling with "API" and in some cases "html." The regulatory attention on this is going to be like a bull in a china shop trying to drink tea. It's going to get ugly.
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of course the 3k is if I cash out the ether into fiat now... if I leave it alone and ether crashes, the fiat value is obv much less...
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Should be straightforward to calculate. Gas prices are known, rate of transactions are known. The demand is basically going to be a function of tx rate times average amount of data being written per tx. Smarter contracts are going to be costlier.
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This will hopefully be changing. The 2 leading contenders for allowing the web3 network to grow are Solana and rollups on top of Ethereum. Since there is money and reputation at stake, it's a highly contentious debate / holy war. Cheap transactions should be the norm in 1 year.
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