[reginold]

OpenSea is an online market for digital goods. A majority of the prices are denominated in cryptocurrencies (ie an item is priced at 1 ETH). As measured in USD, OpenSea did 8% of Amazon's volume in a month.

[dmitriid]

Had anyone tried to convert those fictional tokens to actual usable money, you'd very quickly find out that the actual volume is about 0%.

[Bayart]

Off-ramping is a non-issue. It's like saying the stock market is worthless because its value is predicated upon keeping capital tied into it. Really, you can extend the same reasoning to any market. It's fine being a nihilist, but not very realistic.

[dmitriid]

> Off-ramping is a non-issue.

It is. The moment any of those fictional tokens are used for anything other than meaningless exchanges with other fictional tokens, they are worthless. For now they are only perpetuating their perceived self-worth.

> It's like saying the stock market is worthless

Stock market is almost entirely worthless. It's the same speculation not rooted in objective reality.

[reginold]

ah, nevermind. I had written a thoughtful reply to one of your other posts but it's clear the gap between us is bigger than can be solved in this medium.

[dmitriid]

> I had written a thoughtful reply

Ah yes. The fictional thoughtful replies that are as rare as examples of projects where blockchains solve anything.

> or the gap between us is bigger than can be solved in this medium.

Or, perhaps, the reply wasn't as thoughtful as you thought it was. Or, perhaps, you could post it as a blogpost to narrow the gap.

But nope.

[reginold]

Oo you know what would be cool is if we could have an anonymous coffee chat/virtual meeting. That would be fun!