The presence of Coinbase (and all of Gen 1 crypto scene founded 2009-14) is healthy, should be welcome, and a real first test of wagmi claims. If you can’t even tolerate an older sibling, you’re ngmi with the other 7.4999 billion people on the planet and wagmi would be hypocrisy.
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Not to mention kinda clueless since so much of Web3 investment is from VC firms that also drove the first generation of innovation.
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This is partly why I’m not using the lingo except occasionally ironically. And limping avoiding even the ironic use. This thing has a shot at being genuinely open and inclusive and it would be a pity if it didn’t live up to that.
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Of course doesn’t mean the ethos shouldn’t be defended against hostile takeovers/co-option by old empires striking back, etc. But there’s ways to do that that don’t devolve into tribalism or insularity.
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Replying to @vgr
You would do that, wouldn't you.
Good luck on your migration, also. I just cancelled my web hosting account a few months ago and bought a plot on Decentraland. All the way with me
Not sure how long I'll even be on places like these anymore.
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Okay this thing is too heavy for my poor old 2015 dual core MBP, and fan came on loudly, so I'm gonna wait for my powerful new 16" MBP with M1Pro to arrive before doing any metaversy shit. Checked it out and created avatar though.
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Parking a thought here, cf my earlier point about deep play and shallow play. An orthogonal axis is high-roller vs. low-roller. Normally, high-rollers are also deep players, but I suspect there's an inversion of sorts going on here. Big spending != deep playing.
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Ideas for nonfungible things are nonfungible. Ripoffs with only cosmetic differentiation are low value.
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Another ape ripoff, this one is a part of ApesOfSpace, 10,000 space monkeys that are now largely worthless
opensea.io/collection/ape
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Does transaction volume on ethereum generally go down with price? Ie does gas price go down with price in ether terms (not dollar terms)?
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Replying to
Hmm can you explain what you mean a bit more— not sure I’m comprehending your question correctly.
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Ie if say minting an NFT costs say 0.01E in gas when Ether is at $4000 is it likely to go down to 0.009 when ether is at $3900?
I’m guessing it does because tx volume is probably lower when the fiat value is down
Replying to
It depends. Perhaps if you analyzed steady state conditions at different prices, yes. But when there is a sharp drop, gas prices tend to go up, because people rush to execute critical txs, such as closing out leveraged positions to avoid liquidation.
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