Bitman

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#Bitcoin

[Bitman @IamBitmannn]

DeFi removes the trust layer in TradFi and provides better products and accessibility

Utilizing codes on blockchain minimizes human error

DeFi may not completely replace TradFi in the short term, but there will be more adoption and integration between them

[Bitman @IamBitmannn]

2/ Sounds good to have more control but this poses a question – can these artists do the business without them?

They will have to handle all the marketing, networking, music production etc etc

There will prob be some big changes in the music industry in the upcoming years

[Bitman @IamBitmannn]

1/ Music NFT allows artists to take back the control from record labels or management companies

Some artists will choose to quit these third parties and make music on their own

[Bitman @IamBitmannn]

Governments and companies are all talking about “ESG”

I guess it's something about the environment? not quite sure what this is all about

But if this is really a thing, post-merge Ethereum will be more adopted than Bitcoin, right?

[Bitman @IamBitmannn]

4/ These two cognitive biases prevail in this social media era and there are many more that may not be that obvious

We should be aware of our human faults in thinking and try to look at things from different angles when making any decisions

[Bitman @IamBitmannn]

1/ Confirmation bias and echo chamber effect are the two common cognitive biases that affect our investment decisions

[Bitman @IamBitmannn]

3/ Echo chamber effect

We may find that our opinions keep echoing back to us in a harmonious environment (CT?)

On and on when it goes, our beliefs are reinforced and tunnel vision is developed

[Bitman @IamBitmannn]

2/ But as NFT rentals largely benefit from ERC4907, a new token standard that automates the renting process, membership NFT will do too because they are pretty much the same in terms of the working

This might ease some operational challenges for membership NFT

[Bitman @IamBitmannn]

1/ Really like the idea of membership NFT, especially for streaming platforms

We gain access to premium services by holding the NFT and we can trade them on the market

There may be some operational considerations for these platforms

[Bitman @IamBitmannn]

GameFi is revolutionary

I believe it will be the future of gaming

But so far these games seem to be short-lived, so a sustainable tokenomics design will be key and this will not be easy to figure out

So looking forward to some creative solutions in the future

[Bitman @IamBitmannn]

Think about how many people in the world can’t even enjoy basic financial services because they can’t access banks

The great thing about crypto is that no matter where you are, you can create a wallet to send and receive money as long as you are connected to the internet

[Bitman @IamBitmannn]

Though not well developed and widely adopted yet, many DNS solutions are already on blockchain now

Decentralized web will be our future

[Bitman @IamBitmannn]

The hacking incident of Curve Finance reminds us of how vulnerable traditional DNS servers could be to hacking

We rely on intermediaries like ICANN to store our DNS data in centralized databases that are prone to attacks

[Bitman @IamBitmannn]

4/ These are based on the assumption that the digital assets selected carefully are a small allocation in the portfolio

[Bitman @IamBitmannn]

1/ Blackrock is launching a private #Bitcoin trust to its institutional clients

As institutional adoption of #Bitcoin and digital assets increases, I am thinking about what role they would be playing in a portfolio

[Bitman @IamBitmannn]

3/ Despite the volatility of the crypto market, digital assets may work well as diversifiers with their low correlations with traditional markets in the long term too

[Bitman @IamBitmannn]

Most ideally, there will be a single metaverse where different parties collaborate to build up a whole ecosystem, perhaps gonna be like the one in Ready Player One

And ultimately a blockchain-based economy will be the core of this ecosystem

[Bitman @IamBitmannn]

NFT ticketing can prevent fake tickets and ticket scalping

It's more secure, and easier to verify an NFT ticket than a physical one as data can be confirmed on chain

The number of times that an NFT ticket can be resold can be limited upon minting