Hello Guys.

I think it is quite certain that NFTs will have a huge roles in the future of gaming.

It will be different kinds of games too, from weapons and upgrades to shooters to virtual world items, pieces of virtual land, or owning a piece of virtual casino inside a virutal world that would make you profits any time someone games at your slot machine or blackjack table, the possibilities are really  amazing.

We can take a game like Minecraft for example, a pre NFT game and see how popular it is, it is also extremely popular with people under the age of 18.

We  now already have some similar open world games that use NFT and they will only keep getting more popular.

My question is since we can assume that a huge part of demographic that would like to play those games are people under 18 that  cant even legally open  an account at an exchange to buy or trade cryptocurrency or purchase in-game tokens then  that is probably a huge roadblock for mass adoption for a key demographic of games.

Does anyone know of how these issues are getting addressed or have any insight or opinions on this?

Thanks.

I don't doubt that there is future in NFT especially with game industry, but If we look right now from  my understanding there is hardly any games out there right now that use NFT for the market to be this hot.

I know there is alot of hype being created in the media about rich people buying NFT and the insane prices etc, but at  the moment I cant see average folks spending alot of money on NFT avatars etc, I just feel like there isn't much actual progress to show for right now and the whole FOMO is just based on new and speculations of what will happen in the future, and how long can this FOMO be maintained for the prices to keep going up.

On a different note, does anyone know if the   majority of crypto gaming industry is  radically changing their plans to include the NFT's ?

I understand the use behind it, I especially like the idea with NFT items in games etc, it's just that there isn't that many games out or people that use NFTs now at the moment and I don't think average Bitcoin user is spending hundreds or thousands on NFT art, so I think the price is just driven by FOMo and momentum but it can't be going up so fast and continue to do so,  any reason you believe it won't crash soon?

I am wondering why are NFT tokens so hot right now?
The gains in the last week are pretty significant.
I cant imagine everyone running to play some NFT supported video game or really wanting to spend alot of money on buying digital art etc.

So is this insane rally based on  Hype and FOMO?

Do you predict the price rally will cool off and  retrace  soon?

ok, thanks everyone.

Can you please help me understand one thing,

So the Recovery Key Phrase  that is used to restore  our wallet, so even if all the wallet operators and providers that we have now are shut down, If I want to get access to my private key I can still find someone who can decode it for me? Because sure we can use recovery phrase with other wallets but if they all get orders to shut down where can I decode it myself to get my private key?

Ok thanks everyone for clarification.

So you say I need to trust them not to block me out, so then  while they can't access my crypto they can block me out from using it and same goes for other wallets? So let's say the government decides that  they want to outlaw BTc then they can just prevent us from acess to it  through these companies as a collective or individually? So my power still lies in having to trust that Ledger or other wallet providers and not directly in the blockchain?

So you are saying the government can block my access to Bitcoin I have on Ledger? Did I understand you correctly? So what is the point of trusting Ledger? Is there a safe way  to store where noone can do anything  my crypto or prevent me from accessing it ?

Thank you for replies guys, can you please clarify something,  so using recovery phrase we can get access to all BIP39  supported wallets, I read that Electeum  uses other coding language but with a help of 3rd party software we can use BIP39  coding with BIP32,  can this 3rd party software be trusted and also can we actually find out our Private key that is held on ledger or is that too risky?

Hey Guys,

Sorry If I dont understand something , but I have a question.

So Hardware wallets are supposed to be the safest way to store crypto, but my question is  when using them  for example Ledger , are we still putting our trust in them because we still need to use their software etc.

If lets say they get orders from the government  etc can they prevent us from being able to access or move our crypto  directly or by blocking access to their software.

I also read that it is possible to  get access to our private key ourselves , but we would need to use another 3rd party software to do that.

ok, thanks for explanation, is that only for ERC-20 tokens? They cant do the same with bitcoin because its not smart contract correct?

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No , its actually other way around,  from my understanding, they have these negative rebates if the price of AMPL token drops bellow 1 dollar they actually take away tokens from your account, I already lost 2/3 of value of my portfolio and they drained tokens from my account.  Even though the price recovered  past  where I bought it from because of rebates I am down 2/3 of what I had in dollar value.

Guys, help me understand this please,

I read that exchanges lock up AMPL coins  from traders every day to rebase them, so they add or subtract the supply, it also makes it unable to withdraw them, but I dont understand If lets say you have this token in your hardwallet how can they access them to rebate?

I am confused ,
If price/ supply ratio is adjusted daily then does it not mean then what would motivated people to buy or buy and hold ? I have trouble understanding what would drive price up since you not gaining any advantage by holding, what drives value of coin up since they just increase supply if the coin goes up.

Ok, that cleared up alot of things I didn't understand, thanks everyone.

Guys, maybe I am not understanding something , I am  learning this course on "IvantheTech" its called Bitcoin101

and there they talk like Miners in different parts of the world can simultaneously mine a block and send it to nodes and etc but then one of the 2 miners that send different block will eventually get rejected, that when the next block is mined after the block with my transaction on it that if there is 2 groups of nodes with different versions of same block that whichever group adds another block next will get accepted because blockchain accepts the longest chain and so the other  version will eventually become "stale blocks  and be moved to mempool".

I dont understand , how do we have a choice how many confirmations we can wait? I thought If I send bitcoin to another adress, the other adress will not see it on the chain until 6 confirmations.  Do we actually have a choise how many confirmations we  recieve until we can send that  transaction to another another adress without it being denied?

Guys,  I am learning technical side of bitcoin blockchain, I am confused about something.


If it takes 6 blockchain confirmations to confirm a transaction to the network and each confirmation is about 10 minutes,  how come sometimes When I  recieve bitcoin it came faster like 30 min or less?

2 Questions about Defi Guys.


1st Question

So I was watching a video about Uniswap or Curve Defi  exchanges and in the video the author was saying that when you deposit your coins to Yield Farm that one of the risks is that if the price goes up or down you are either shorting or longing yourself. I do not understand how so, perhaps I dont fully get the conecept, when we choose to withdraw our coins from the Yield Farm do we get exactly the same amout of coins we deposited? If so then how are we shorting or longing ourselves?

2nd Question.

For DEFI Compound Finance exchange when we deposit  into "supply markets"  and choose to have use our deposit as collateral to borrow other coins , I can see that different coins have different APY %, for example BAT has 25% and Ether has 3%... So firstly,   for example if my collateral is 100 dollars and i withdraw 100 dollars worth of BAT that has 25% APY  to borrow will I automatically  instantly only get 75% of BAT market  value for the sum of 100 dollars?  Also If  to borrow BAT is 25% APY but to borrow  ETHER is 3% APY, why would I  do that when I can borrow ATHER for cheaper APY then move it to another exchange and trade it for BAT?

Thanks for your time.

ok, thank you everyone for your comments, it was all very useful.