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Satoshi

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Posts posted by Satoshi

  1. 2 hours ago, gyroprotagonist said:

    i am a nft junkie for a few months now, but definately not too late for getting in.  it's been absolutely bonkers since i waded in and great ROI.  last week was best week i have ever had

    Gas for eth is unreal the last week.  I think it's due to more and more people getting into nfts and that more and more people are creating and doing mints all the damn time now.  so you have large groups of people all vying for an nft at the same time and it jacks up gas.  then even when mints are not going on, Opensea.io has seen an explosion of use (think ebay of nft world) month over month over month.  So you have more drops and then more people just buying/selling off OS than ever before and that is causing constantly higher has prices.  

    - It's not so bad for just xfering coin, but the nfts require writing against a smart contract and that takes more cycles from the miners and hence more gas.  was just trying to buy a .05 eth nft from OS and gas was going to be $100.  f that.  Here is a good estimator for gas https://www.blocknative.com/gas-estimator

    I am jumping into solana because they are starting to do more nft drops on that coin, but am just getting started so nothing to report just yet.  But it's essentially zero gas fees from what i have read.  

    feel free to pop in the nft thread or shoot me a dm.  

    Thanks for the info. I’ll keep looking into it, but feels like we could be close to blow off top territory just from online sentiment. I could very well be wrong and I sound like those people calling Bitcoin a bubble as it keeps going up. Also add to that that I don’t have a real good sense of what makes a particular NFT valuable from an artistic standpoint. Seems very similar to ICOs or defi last summer in that some influencers probably get compensated to pump certain sets of nfts like the penguins and then their penguins go up. Then interest moves somewhere else and the air goes out of the balloon. 
     

    I guess what I’m saying is it feels very familiar, but some people are probably saying this time it’s different. 
     

    But make no mistake, I hope everybody that has enough interest to post on these forums makes a shit ton of money. It’s why we’re here. 

  2. 3 minutes ago, ZB'Tejas said:

    What's going on with Solana (SOL). Up like 2000% this year but I've never heard of it until now. 

    Are they doing something unique?

    Smart contract chain that has significantly  lower fees than ETH. That always comes with tradeoffs, typically centralization but I’m not sure of the specifics with solana. It has been on fire. Has a lot of Vc support on crypto Twitter it seems. 

    • Hook 'Em 2
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