Solana Nfts, U.S., Ethereum discussed on The Breakdown with NLW


Fees, no ACH transaction fees, and no withdrawal fees. One of the largest exchanges in the U.S. FTX U.S. is also the only leading exchange that supports both Ethereum and Solana NFTs. When you trade NFTs on FTX, you pay no gas fees. Download the FTX app today and use referral code breakdown to support the show. You pair kind of greet an idealism a lot. This is sort of like the central kind of tension in contrast. How much do you think they're both necessary for crypto to have evolved the way that it did? You know, one of the things that I think people often recognize if they're kind of realists in the space is that although it is not necessarily the part of the industry that we want to kind of hold up and double down on the monetary incentive has been such a huge driver of people coming into this space and building things. I mean, is that what you found is sort of like that these things were both necessary or do you think that there could have been kind of a pure, better version in a different set of configurations? That's such an interesting question. I mean, obviously, you know, I'm an American and I believe in capitalism. You know, my ancestors come from Korea, which now is divided into a place that's like a mini communist country and many capitalist country or U.S. country and definitely the version that's more like the U.S. is the better way to go. So, you know, I have strong opinions about things like that, but obviously things in moderation. I definitely wouldn't say that if the people that were more self interested had truly, truly dominated, that Ethereum would be the success that it is. You know, I do feel that, frankly, as you see early in the book, there is these conflicts that occur between the devs or developers and the business guys. And the developers always end up winning. And I actually think that was to Ethereum's benefit. And the business guys were the ones who wanted to make it close sores, and they didn't want to have a beat to centralize they wanted it to be more like a web two company where they're using customer data and profiting off of it and things like that. And so do I think Ethereum would be a successful today if it were built. Like that, no, I don't. So it's just kind of, yeah, it's probably like a push and pull sort of dynamic. And if you go too far, maybe in one direction, then it won't work. And if you go too far on the other, it also won't work. Yeah, that's super interesting..

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