Nov 3, 2021·2 repliesa good paper on crypto in general but it applies to NFTs as well
bankofcanada.ca/wp-content/uploads/2019/09/swp2019-40.pdf
economically a bad idea. the trustless nature requires transaction costs that are too high.
"The ideal qualities of any record-keeping system are (i) correctness, (ii) decentralization, and (iii) cost efficiency. We point out a blockchain trilemma: no ledger can satisfy all three properties simultaneously." (Abadi 2018) gives a good idea of the issue too.
- Nov 3, 2021·1 replyBEE 2000
a good paper on crypto in general but it applies to NFTs as well
https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp2019-40.pdf
economically a bad idea. the trustless nature requires transaction costs that are too high.
"The ideal qualities of any record-keeping system are (i) correctness, (ii) decentralization, and (iii) cost efficiency. We point out a blockchain trilemma: no ledger can satisfy all three properties simultaneously." (Abadi 2018) gives a good idea of the issue too.
- Bank of Canada (2018)
- Nov 3, 2021·1 replyPainPapi
- Bank of Canada (2018)
- Bank of Canada staff working papers provide a forum for staff to publish work-in-progress research independently from the Bank’s Governing Council. This research may support or challenge prevailing policy orthodoxy. Therefore, the views expressed in this paper are solely those of the authors and may differ from official Bank of Canada views. No responsibility for them should be attributed to the Bank.
- Nov 3, 2021
Yes I’m sure there’s no conflict of interest there by a crumbling institution
- Nov 3, 2021·1 reply
oh also 4.6 transactions per second vs 1700. zero scalability to blockchains.
Nov 3, 2021·1 replyJihyoOP being one of the few multimillionaires on KTT and getting s*** on when he tries to drop knowledge be killing me
Some folk don’t want help and just want to stay exactly where they’re at. Probably say they’re socialists too
Multimillionaires on KTT? Imma need some receipts...
Nov 3, 2021BEE 2000oh also 4.6 transactions per second vs 1700. zero scalability to blockchains.
just sold my eth thanks
- Nov 3, 2021·edited
Solana, One, and all these other PoS L1s already debunk whatever outdated research they have in that report
World class developers have been in this space for a long time now, whatever pre conceived notions the public has about crypto is being debunked before our very eyes at a rapid pace you will see if you just bother to look
Nov 3, 2021@op can i, the layman, make money off nfts?
- Nov 3, 2021
When will OP shut da f*** up and lick these nuts
- Nov 3, 2021·3 replies
Also who the f*** cares
World is ending
None of this s*** will last
F*** VR, f*** computers, f*** crypto, f*** all this new technology, we do not need it 
Nov 3, 2021·1 replyBEE 2000a good paper on crypto in general but it applies to NFTs as well
https://www.bankofcanada.ca/wp-content/uploads/2019/09/swp2019-40.pdf
economically a bad idea. the trustless nature requires transaction costs that are too high.
"The ideal qualities of any record-keeping system are (i) correctness, (ii) decentralization, and (iii) cost efficiency. We point out a blockchain trilemma: no ledger can satisfy all three properties simultaneously." (Abadi 2018) gives a good idea of the issue too.
2018
u think ppl gave up wtf?
- Nov 3, 2021·3 replies
the crypto bulls itt should at least be getting paid by someone to shill so hard
- Nov 3, 2021·1 replyworldpeace
2018
u think ppl gave up wtf?
does everything not still apply?
- Nov 3, 2021BEE 2000
the crypto bulls itt should at least be getting paid by someone to shill so hard
Yea we are hahahahabaha
- Nov 3, 2021BEE 2000
the crypto bulls itt should at least be getting paid by someone to shill so hard
It’s @scott
Nov 3, 2021
0I do agree these profile picture projects are f***ing stupid
https://nouns.wtf/ this is the only good one besides crypto punks
~96 Eth current bid
- Nov 3, 2021·1 replyBEE 2000
does everything not still apply?
I didn’t read that article but blockchains are getting faster and cheaper very quickly, the difference from a year ago to today is insane
Nov 3, 2021·1 replyspace0cadetAlso who the f*** cares
World is ending
None of this s*** will last
F*** VR, f*** computers, f*** crypto, f*** all this new technology, we do not need itLoser mentality
- Nov 3, 2021Womanpuncher69
- Bank of Canada staff working papers provide a forum for staff to publish work-in-progress research independently from the Bank’s Governing Council. This research may support or challenge prevailing policy orthodoxy. Therefore, the views expressed in this paper are solely those of the authors and may differ from official Bank of Canada views. No responsibility for them should be attributed to the Bank.
- Nov 3, 2021·3 repliesworldpeace
I didn’t read that article but blockchains are getting faster and cheaper very quickly, the difference from a year ago to today is insane
where do you see them getting cheaper?
- Nov 3, 2021
I just wanna make a buck
- Nov 3, 2021·1 replyBEE 2000
where do you see them getting cheaper?
https://www.blockchain.com/charts/cost-per-transaction
Nov 3, 2021·2 replies@OP why you coming off so agressive though in your pushing of this opinion
Nov 3, 2021·2 repliesBEE 2000the crypto bulls itt should at least be getting paid by someone to shill so hard
they all own NFTs and as soon as you own one you are invested in shilling and talking them up as much as possible so you can sell your NFT for a profit down the road. that's all this is and i think most of them know that. if they don't they are really out of their depth.
