I absolutely have no idea about that. I'm absolutely not in the inside of things for many many years now.Originally Posted by DaCheat
I have no idea what Dan would be up to for these days. I'm sure the old him would have jumped on these things, but seeing how mixed people are on NFT's (and not talking about the legitimacy of it, but the power consumption needed), I could see him not being in favour of it. But again that's pure speculation. I have no doubt he knows his stuff about it.
Personally I'm not a fan with how things are going now. I think that in a stable environment, it could be quite interesting. But right now both NFT's and crypto is not based on fundamental value, but based on the believe the popularity will increase and will trade higher.
Of course this could be said about painting etc as well, and expensive paintings do get bought for both bragging and investing. But when you buy some shitty image just because people want to believe it goes up, then there is no value for the art itself, but the value is just based on speculation.
So the power consumption for all this, is imo not worth it. If things were to normalize, if say crypto would stabilize and buying a product would be a fixed amount vs "Product is 15 dollars and at the current exchange rate that's x amount of BTC, this price is available for 60 seconds before it changes again", then things could get interesting.
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