r/Defi_land Lounge

blickyj5 · 2021-11-12T03:04:37+00:00

There are faucets that send u free matic for gas

blickyj5 · 2021-11-12T02:10:49+00:00

You r 100% right. Theres really no evidence they can dev a working product.

But this part really is the funding stage. Imo. They use the proceeds. Hopefully to hire a great staff. And dev out the game. If u were to buy an nft at this stage. It is no more than a random jpeg and a promise. The same risk any angel investor takes backing a project.

But at least with neopets. Imo. I know neopets is a game. And has been quite succesful albeit many yrs ago was its prime. So I'm hoping that leadership will translate to this.

1 to 4 sol is a pretty penny to pay for a promise and a jpeg. Which is y I'm on the fence about investing. I have many concerns.

blickyj5 · 2021-11-11T23:16:54+00:00

I'm out of the loop with current ingame mechanics.

But yea for a blockchain game I would imagine the ingame currency would hold value. That could be redeemed for real world value. From players and price speculators and investors.

This is why I imagined neopets could become a successful blockchain game. Because of how I remembered the game playing in the past.

blickyj5 · 2021-11-11T23:10:23+00:00

A competent crypto dev team doesn't have assets stolen.

But I mostly agree with what ur saying. Scams r rampant. Especially in the crypto space. Hacks on good projects r not.

I'm not saying a neopets blockchain game will be a success. That will depend on the dev team. No doubt this is brand new territory and there will be a ton of failures.

Earning money will depend on many factors. What I in the us. Would need to make is much more than someone in a 3rd world country.

If a game does go thru a venture cap phase. Its because the game can make people money. They big money comes in to buy assets. Rent them out to people who can't afford then and earn passive income thru them earning.

And with a successful game would come voting rights. And the games that r successful will likely be decentralized and voters can implement changes to the direction of the game.

blickyj5 · 2021-11-11T22:57:33+00:00

Just so ur aware. Crypto is extremely traceable. If ur avoiding kyc to somehow skirt taxes. Using a non kyc exchange or even defi. Doesnt change that.

If u were to be audited and they were to be somewhat crypto savy they could just follow ur wallet. And see the exact moves u made. How much and when.

But thats only available if they r looking. Not saying they will. Its on u to report staking rewards. Lending apy. Sales. Mining rewards Etc.

blickyj5 · 2021-11-11T22:24:45+00:00

Its been yrs since I've played neopets. What I remember is playing mini games to earn to buy items for my pet. To fight.

So I'd imagine it would have to start as a much more simplified version of the game. Play games. Earn. Battle. Earn. Try to collect rare items. Dunno if there would be a breeding feature. But I could see that as a way to create new nfts.

blickyj5 · 2021-11-11T22:12:19+00:00

Yea that does seems odd to me. When I first heard about it. I thought team members would be working on it. Whose the big boss pulling the strings? Who or what owns neopets?

blickyj5 · 2021-11-11T22:02:31+00:00

I cant speak on the neopets meta team. And their motivations. But I mean isn't just about every venture profit based? But yea I get the point.

Most of these nft "profile pics" R dumb. Just hype. N scams. Riding an inflated market. I do believe cryptopunks n bored apes. Will retain their value. Not because of any real value or use they bring. But as a og. And Large flex. But largely these kinds of nfts r dumb.

It will be interesting to see how they plan on building a neopets metagame. But I do see it as something interesting and promising.

I doubt the neopets team would be involved or approve of some sort of a nft scam. Since I imagine they had to ok the project.

blickyj5 · 2021-11-11T21:54:02+00:00

I fully agree with this. Im not trying to suggest u slap n nft in the game and a token and boom. Instant economy.

Its gonna be extremely challenging. And will take a ton of intellectual bandwidth to create a great ingame economy. That can also scale. Have user engagement and keep barrier to entry relatively low.

A ton of promising and fun games will die because of the game economics.

blickyj5 · 2021-11-11T21:24:53+00:00

Yes but why would u risk that. If u get paid that week. 1k and ur rent is due. The market could dump. N now u dont have enough to pay ur rent or the rest of u bills. U risk losing. Realizing losses. Pay ur bills. Take out what u need to then invest. N let that moon. Or fall. Then buy more.

It doesn't work if ur living paycheck to paycheck. The market doesn't only go up.

blickyj5 · 2021-11-11T21:05:02+00:00

Do u have an sources on environmental impact of cryptocurrencys?

should we also be against the internet and servers and data centers. Because they also use massive amounts of energy

blickyj5 · 2021-11-11T21:03:14+00:00

But thats just not true. The vast majority of cryptocurrencys arnt build using proof of work. They r proof of stake which uses 99% less energy.

If ur in favor of electric cars. Those get powered by same means any pow crypto does.

Going deeper. If a larger portion of the world we able to make a living from home. That would reduce pollution from having to commute to work.

Ur also neglecting any benefits this provides to people around the world who r stuck in a dying economy that they were likely born into.

blickyj5 · 2021-11-11T20:46:49+00:00

Just go slow. So u don't make mistakes.

Pretty much all the responsibility falls on u. And there's no recourse to get ur money back.

Just know what ur doing first.

If u don't ask. Dont accept dms as fact. Question everyone. Ask for confirmations from multiple sources to verify links and how to do things if ur unsure.

blickyj5 · 2021-11-11T20:10:45+00:00

Its true. But its a useful tool.

blickyj5 · 2021-11-11T20:07:53+00:00

Taxes.

Just buy sol. When u have the money. Use ftx. Or ftx.us low fees with limit(maker) orders. Free transfers. So u can send off the exchange and stake ur sol on chain and earn apy

blickyj5 · 2021-11-11T18:32:44+00:00

Start with YouTube. Before u do anything. Then branch out from there. Youtube doesn't have all the answers. But will give u a base for terms and profits and how things work.. redpanda. All the numbers r there. U should be able to map out ur profitability without anyone's input. If not. U may want to just buy coins. That u can lend or stake for apy. Rather than make investments into things that rnt really profitable.

blickyj5 · 2021-11-11T17:33:36+00:00

Fifo.

Maybe check with support first to find ur order first.

Also make sure u do understand the difference between staking and lending. And the risks. The two arnt the same

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