Solana Nfts, U.S. discussed on CoinDesk Podcast Network

Automatic TRANSCRIPT

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. The labor proposition. Being part of something greater than oneself offers a source of meaning and purpose. The approach to open-source contribution in the tech sector has a long and storied history of people who have shared their specific knowledge or skill and expected nothing in return but the satisfaction of work and its potential impact. Contributing to open-source projects, however, is difficult for most people who are exhausted, trying to make ends meet to pay bills by working their day jobs. As a result, creators and contributors for many open-source projects are well intentioned volunteers who have limited time and attention to allocate. The paradox here is clear. Altruistic projects often can not be bankrolled by those who would most be helped by those innovations. Physical and emotional constraints, economic barriers, class antagonisms, and scarcity of leisure time limit contribution and support from the individuals whom the projects are intended to benefit most. The accumulation of wealth. In a proprietary organization, considerable work is extracted from the worker, which is not matched in compensation. The pursuit of wealth is not inherently bad, and the idea that successful wealth creation must be unethical, selfish or greedy is false. Predatory profit motives are the problem. When a hierarchical system of revenue and earnings becomes more important than an equality of social prosperity, the system grows inhumane. A common herd word in the world of open-source and cryptocurrency is meritocracy. A meritocracy ensures that work of value yields wealth of equal value. In other words, it's a system that should reward members strictly based on their contribution towards the system's goals. Sadly, in a proprietary system whereby economically or politically advantaged actors can opt in to increase wealth without contribution, meritocracy is impossible. Once individuals are tricked into mistrusting open-source methods as a potential pathway to wealth, they face a sobering truth.

Coming up next