I've been trying to understand what is a smart contract. According to the GitHub post, the ELI5 version is that you're basically paying a bunch of computers on a network to process a piece of code that you send to it. I think you can think of it similar to Amazon's AWS but runs on more basic code. The costs to run a smart contract varies with the price of gas, which is paid in ETH.
And closes at $328 so a 31% pop on day 1.
Brian has written some pretty good blog posts that are worth your time.
And for posterity, here is Brian's plea to HN seeking a co-founder.
Just a reminder that this company generated EBITDA of $1.1 billion last quarter.
Anyone want to guess what they close at the end of the day, week, month? I'm not sure what the stock price will be so let's guess in percentage terms. Here's my guess for day/week/month closes vs offer price: +20%, +30%, +45%.
I'm not sure why I didn't find this before, but the main Ethereum website is very well written for a newbie. I plan to spend the afternoon reading up on some basic topics.
Over breakfast, I listened to the last MoFi podcast which interviews the creators of Cyberpunk. Very interesting to learn that when Matt Hall and John Watkinson first launched the project, it hardly had any traction. It was first announced to the public via a blog and reddit post to /r/ethereum. At the time, the only way to claim the free Cyberpunk NFT was to own a really complex Ethereum piece of software and use a janky online wallet (MetaMask didn't exist at the time); not surprisingly, there weren't many takers. However, over time as software became more accessible and people started buying the Cyberpunks (first for $1 each, then $10, then $100, etc.) the value of the collectibles started becoming apparent. To date, some Cyberpunks have sold for over a million dollars each!
My takeaway from all this, is that sometimes there is very little downside risk in adopting new things but very high outcomes. It's fun to learn new things but genuine interest should lead first, not lust for money.
To learn more about Cyberpunk: