Just like photography has become much easier to create in the last 100 years, liquid NFTs will surely bring down price points of tokenized digital content but will also open expansive new markets.
1/The next major problem set in #DeFi is #NFTLiquidity.
It has become very clear that, like fungibles, nonfungibles are their own financial asset class.
One path to see this is to envision the future of NFTs as “liquid
Just like photography has become much easier to create in the last 100 years, liquid NFTs will surely bring down price points of tokenized digital content but will also open expansive new markets.
👉🏻 In particular, because of tokenization, *the NFT liquidity problem reduces to the NFT price discovery problem.*
This is a core mechanism that today is underutilized in the market, and one that — we will soon see — applies to all illiquid assets.
And the fundamental problem with each of these mechanisms is capital efficiency: in each mechanism, participants need to spend *at least* $N to value something at $N.
But one super cool approach uses peer prediction oracles created by @nick_emmons and @UpshotHQ. https://t.co/HleEMPpgcq
It\u2019s no secret that pricing NFTs is really difficult, so we built an NFT appraisal product powered by peer prediction.https://t.co/uWFZq4aeGs
— Upshot (@UpshotHQ) December 23, 2020
Prices can then be reported on-chain through @UpshotHQ’s mechanism.
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I’ve been on the phone with colleagues about the hack all morning. None of us can figure out why #CISA chose this particular response to the breach. Couple of things struck us as curious.
The agencies targeted are not responding how you might expect...
I’ve been on the phone with colleagues about the hack all morning. None of us can figure out why #CISA chose this particular response to the breach. Couple of things struck us as curious.
The agencies targeted are not responding how you might expect...
JUST RELEASED: Emergency Directive 21-01 calls on all federal civilian agencies to review their networks for indicators of compromise and disconnect or power down SolarWinds Orion products immediately. Read more: https://t.co/VFZ81W2Ow7
— Cybersecurity and Infrastructure Security Agency (@CISAgov) December 14, 2020
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Great article from @AsheSchow. I lived thru the 'Satanic Panic' of the 1980's/early 1990's asking myself "Has eveyrbody lost their GODDAMN MINDS?!"
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
For three years I have wanted to write an article on moral panics. I have collected anecdotes and similarities between today\u2019s moral panic and those of the past - particularly the Satanic Panic of the 80s.
— Ashe Schow (@AsheSchow) September 29, 2018
This is my finished product: https://t.co/otcM1uuUDk
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.