#MINECRAFT CIRCLE GENERATOR#
Minecraft Circle Generator is the best tool to generate pixelated circles and ovals for Minecraft. In other words, Microsoft is saying: Profit for me and not for thee.Minecraft Circle Generator - Generate Pixelated Circle
#MINECRAFT CIRCLE CODE#
It’s also particularly rich for Microsoft to lambast NFTs for chasing a “profit motive,” when the company itself takes a cut from user-generated content:įor many years, Microsoft enforced intellectual property laws that allowed Minecraft users to modify and create user-generated content, but prohibited them from selling officially licensed code for profit, effectively maintaining a gray economy of passionate fans that lived to serve them.
#MINECRAFT CIRCLE FOR FREE#
The non-fungible-tokenization of third-party skins, maps, and patches opens a lucrative door for the thousands of Skyrim, Half-Life, and Minecraft gaming modders and creators of user-generated content to distribute their creations for free while getting paid for it by their “ 100 true fans ”. The introduction of a profit motive into NFTs is what will make video gaming better, not worse: An old piece I wrote for Bankless argued that gamers shouldn’t reject, but embrace NFTs. The speculative pricing and investment mentality around NFTs takes the focus away from playing the game and encourages profiteering, which we think is inconsistent with the long-term joy and success of our players. NFTs are not inclusive of all our community and create a scenario of the haves and the have-nots. While Genesis made the mistake of making a loan to the overleveraged 3AC, it had the good risk management sense to liquidate losses relatively early, thanks to a margin requirement of at least 80%.Įach of these uses of NFTs and other blockchain technologies creates digital ownership based on scarcity and exclusion, which does not align with Minecraft values of creative inclusion and playing together. Genesis’ loans were collateralized by 17.4M shares of Grayscale Bitcoin Trust, 447K of Grayscale Ethereum Trust 2,7M AVAX, and 13,5M of NEAR - all of which are down bad in the past quarter. In second place is Voyager with a loan of ~$685M, who filed bankruptcy two weeks ago.
In this case, that risk bubbled into a public health epidemic of sorts.Ī thousand page legal document revealed this week that Three Arrows Capital owed 27 crypto companies a total of $3.5B, of which the largest chunk belongs to crypto lender Genesis that made an undercollaterized loan of $2.36B. And no DeFi lenders lost a dime.”Ĭrypto banks, though, are opaque and prone to risky leveraging calls. Long-drawn-out court proceedings are beginning meanwhile, DeFi is still chugging away and onto the next thing. When markets break down, they revert back to a system of lawyers and courts, and we are currently witnessing that in the cases of 3AC and Celcius. The legal contract system of nation-state courts is junior to Ethereum and the EVM.
The EVM is the most superior court in the world. “The legal courts overseeing the Celsius and 3AC cases are subordinate to the court of the EVM the code that enforces the smart contracts that power the DeFi lending applications. David Hoffman calls this “ The New Supreme Court ”: I wrote last week in “ DeFi Will Never Die ” that the ongoing problems with centralized crypto banks isn’t one of risky trades per se, but rather how the rules of the system poorly deal with that risk.ĭeFi mitigates that risk inherently through built-in transparency on the blockchain because protocols are forced to air their dirty laundry in public, and quickly start paying those loans if that laundry begins to pile up.
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