business-and-finance.eth | by Esteban (u/estebanabaroa.eth) | 18mo ago
6 direct replies
by u/12D3KooWPui9rNESQRiJsDyc6SR5VuYdxjWomopBwBvJ1yuF1yrJ | 18mo ago
"If you want pamp, pamp your mother" - Ancient Chinese proverb.
NFTs are fundamentally illiquid, plus the 2% trading fee makes it hard to run bots.
What you want is a market maker, someone who buys and sells.
If someone wants to buy a lot of xPLEBs right now very few holders will sell to them because everyone thinks even their common PFPs will be worth thousands of MATIC someday.
Minting right now will incur losses, mint price is much higher than the market price, so the only time people will actually want to mint is when market price is higher than mint price, so the arbitrage becomes profitable.
NFT traders could do numbers on this collection without ever knowing what a subplebbit it. Just my 2 cents.
by u/12D3KooWFyXhH6T4fgo72rjMMXa3MFTpuxioxsWXm4FyV3k1NQdW | 18mo ago
Four years is a long time for an asset class thatβs been around for four years
Assuming Plebbit takes off which it will if day it depends on how many network-wide NFT series are released.
NFTs keep coming
by u/12D3KooWPwgnUnQxUXfnczymzzWWk4Gu3JMco6QGzHtDPWao2WqD | 18mo ago
We need to implement NFTs on Seedit. I want to flex my 1:1.
by u/12D3KooWDLBvbY3KmE4GqRQBeYCanHNtAnQPWhLdeAtZ8W56qHD7 | 18mo ago
between 0 and 100 eth.
it depends on a number of factors including:
if you (esteban) are assassinated by glowies
if you (esteban) are assassinated, will other people as competent as you and as honest as you, continue plebbit with the original vision.
the same logic applies if you randomly disappear.
if glowies/special interests groups shut plebbit down before its self-proliferating.
even if plebbit is mass adopted, it depends on if users genuinely like the exo pleb design and place high value on them (i think ben's NFTs will be more valuable).
even if plebbit is mass adopted, it depends on whether NFTs as an emerging asset class, are still seen as 'cool' and 'valuable'.