it can be a form of crowd-fundraising too
Shit Punk Says
Oceans of Wisdom
20,635
matching drops
#1553800
2026-10-20 16:15
that can hold anything inside
NFT is an empty shell
it should be actual journalism or science projects or 'go to space' or whatever
in 10 years it should not be primarily pepes
i would like to see 'improvement in breadth'
If we assume edition size growth over time, then it is fair to assume improvement in quality as well.
but actually directly generates value
not self-referential, semi-ponzi like all chains are
that is completely outside the chain
there is a revenue stream
said NFTs are not just memes, not even just art, but anything of value
we pick good NFTs
but assuming the curation holds
i mean 2009
given it is 2025, not 2013
vs BTC
maybe a bit front-loaded
yes
it will be top 3 I think
it is a huge security budget
block rewards are BTC-like token issuance + transaction fees + revenue
you need security forever
they need to mine forever
what do you mean not mining
Hmm interesting. So the miners then are coming into existence, but not mining? Coz the pool is exhausted? Or you curve it down?
Of course it is "investable" - it is incredible "investable". what I am saying is that I do not want to sell shares in a company with the centralization issues that would occur (even though it is in my immediate self-interest to do so).
I want people to invest by buying the NFTs
There is no end-date to The Memes re #2
1/ Token should be fixed supply: 21,000,000,000
2/ TDH can't be permanently fixed but the amount that can exist at any point is knowable and fixed
Yes very clear. Once you fix the end date, hard cap of TDH is established.
It is also easy then to run a valuation model as this is one of the few revenue generating projects in nft land. so if TDH powers token, then earning per token can be precisely calculated even now. And then a growth multiple can be applied in a very methodical way making assumptions on increase in edition size.
Shadow TDH (if we are still at 2X the total amount conclusion from before) only increases the surface area for experimentation and more sources of revenues, but doesn’t change anything fundamental.
Know that you don’t want outside fiat investments, but it will be a very investable chain.
So even without dilution on TDH (equity and hash power), it may be possible to raise separately just for the chain.
and need a simplifying construct
all these are more complicated
we need a solution for Stream, NextGen, Shadow TDH etc
gonna stay with this I think
and will map for anyone who knows BTC
this analogy is super clear
TDH = hash rate
Meme cards = miners
Edition Size = difficulty adjustment
Token = BTC
I want to say
cumulative TDH is really meta
TDH is complex but I think people can get their head around it
it might be cure worse than disease
astronomical
and the numbers will get astronomically
then what?
what if your TDH has dropped dramatically
i dunno
but it has issues too
i think maybe only for AL
i am not sure it is relevant for voting
dunno
Would you express "cumulative TDH" as the "real TDH"?
Update the whole numbering system?
Is that where this ends up?
open and read the whole post
https://x.com/balajis/status/1951949738577985748
this is us fr fr