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Hillary 2020 posted:Jesus. The nerve of some people. "marbled" is a good new slang word for "stolen" imo e: quote so people can see wtf im talking about
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Mar 11, 2021 11:30
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oi a bazinga fancied me jpeg and marbled it mate
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Mar 11, 2021 11:31
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divabot posted:wrote up the NFT grift this has some very marbleworthy quotes in it David quote:When I buy an NFT, what do I get? quote:Without a specific contract saying otherwise, an NFT does not grant ownership of the artwork it points to in any meaningful sense. All implications otherwise are lies to get your money. quote:I don’t understand any of this. Please explain it like I’m five. 
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Mar 11, 2021 12:01
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So you're basically monetizing hyperlinks? Is that it?
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Mar 11, 2021 12:05
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You're monetizing post-its that have a hyperlink scribbled on them.
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Mar 11, 2021 12:19
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For an extra 20%, you can customize the color of the post-it paper or the color of the crayon used to scribble the link. Doing both would be an extra 44%, obviously
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Mar 11, 2021 12:46
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busalover posted:So you're basically monetizing hyperlinks? Is that it? Pretty much, except lots of people are trying to make them into collectables and they use up an immense amount of electricity
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Mar 11, 2021 12:54
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busalover posted:So you're basically monetizing hyperlinks? Is that it? Imagine bitcoin, pretty poo poo right? Now imagine every single bitcoin was a different value and constantly shifting independently. Now imagine every bitcoin pointed you to some hyperlink that really has no meaning. Ready to buy some now?
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Mar 11, 2021 13:11
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Wait, the image isn't on the chain? So if an image link goes dead the token becomes a redirection to a 404? e: I want to turn a thousand dollars into aa million; how do I get in on these?
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Mar 11, 2021 13:13
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Bright Bart posted:Wait, the image isn't on the chain? Is it really just a link? I thought it was encrypted in the NFT? NFT have just hit a bunch of comic art collector groups I'm on. Most people are going to stay away, buy would be helpful to be able to point this out, if it's the case.
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Mar 11, 2021 13:32
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gninjagnome posted:Is it really just a link? I thought it was encrypted in the NFT? It's not stored on the blockchain, no. If they were, that'd be a good way to get tons of free art, though. https://medium.com/pinata/who-is-responsible-for-nft-data-99fb4e8147e4 Fame Douglas fucked around with this message at 13:48 on Mar 11, 2021 |
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Mar 11, 2021 13:43
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This all sounds so stupid. On one hand, I want to understand it so I can confidently explain to people why it is stupid. On the other hand, is it worth spending time understanding the technical intricacies of each new "innovation" rather than doing something better with my time?
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Mar 11, 2021 15:14
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There Bias Two posted:This all sounds so stupid. On one hand, I want to understand it so I can confidently explain to people why it is stupid. On the other hand, is it worth spending time understanding the technical intricacies of each new "innovation" rather than doing something better with my time? I'd say it is worth understanding if either of the following applies: - you have to bat away stupid suggestions as part of your job, so you have to understand buttcoin (because all buttcoin-related suggestions are stupid) - you still find it funny The "innovations" always boil down to "what if someone gave me money for doing something of absolutely no value to society" anyway
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Mar 11, 2021 15:18
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In a sense scams are easy in the technical space because it has three things going for it: the ability to sound impressive, "expertise" you can use to bludgeon people with, and the difficulty in fully pulling it apart. Theranos is easy to pitch: a pinprick blood test that diagnoses everything! Here's a press statement that doesn't have any actual technical details that breathlessly "explains" the tech. Look at our board with all these famous people! "But you can't test for all those various things in a single test, there's not enough reactants and not enough reagents to interact and ..." here you lose your credulous listener. It's hard.
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Mar 11, 2021 15:20
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That raises the question of whether you can simply swap out the image uploaded to the tokenized link. Like, say your screenshot of Super Saiyan Vegeta isn't going up in re-sale value. Why not just upload a still of muscled Marlon Brando from A Streetcar Named Desire in its stead? Repeat until you end up with something of value.
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Mar 11, 2021 15:28
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 LOL
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Mar 11, 2021 15:28
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Mar 11, 2021 15:29
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Vowels (except for "y") are anathema to Web 2.0.
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Mar 11, 2021 15:33
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this is going to be so much better when ethereum switches from proof-of-work to proof-of-stake oh the ones with the most ethereum get to mine all the new coins? well its either that or melt down the planet cause crypto isnt going away
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Mar 11, 2021 15:39
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Tiberius Christ posted:this is going to be so much better when ethereum switches from proof-of-work to proof-of-stake At least with proof-of-stake, if you try 51% attacks and trash your coin's value you loose everything, whereas with proof-of-work you can just switch your video cards to a different coin.
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Mar 11, 2021 15:48
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busalover posted:So you're basically monetizing hyperlinks? Is that it? it's more like you're trying to monetize someone else's hyperlinks without paying them, without guaranteeing the link goes anywhere, and without exclusivity also the attempt causes a redwood to be chopped down, pulped, and then burned in a way designed to be as maximally environmentally damaging as possible
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Mar 11, 2021 15:49
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Bright Bart posted:Wait, the image isn't on the chain? buy sport moment nfts or SA starts Cosbycoin back up or a new crypto dedicated to SA posts
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Mar 11, 2021 15:51
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city name sports team, but on the blockchain
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Mar 11, 2021 15:54
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gninjagnome posted:Is it really just a link? I thought it was encrypted in the NFT? All an NFT is is a claim by someone to own something put onto the blockchain. Sane people do not give a gently caress. You're not getting the digital or physical object or any rights to it.
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Mar 11, 2021 15:54
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Bright Bart posted:That raises the question of whether you can simply swap out the image uploaded to the tokenized link. Only if you actually own what the link is to. Otherwise the entity that does has total control over what is displayed there. You're paying for a link to https://www.assballs.com you're not in control of what is at https://www.assballs.com and if https://www.assballs.com gets deleted then your link goes nowhere.
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Mar 11, 2021 16:01
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Relevant Tangent posted:All an NFT is is a claim by someone to own something put onto the blockchain. Sane people do not give a gently caress. You're not getting the digital or physical object or any rights to it. I get that. Two artist reps entered the space, and there we a couple high profile sales of comic art, so people are talking about it. I'm just arming myself with more info to make sure people understand how stupid this is. It not going to be hard, as people in these communities are against buying even prints of digital art, so a token makes zero sense.
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Mar 11, 2021 16:20
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It’s going to be funny when the courts see this as a clear copyright violation and these idiots have to pay people real money and all they have is now worthless pictures and no means to pay
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Mar 11, 2021 16:26
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strange feelings re Daisy posted:In Ethereum news, in July they're implementing EIP-1559 which will reduce transfer fees and make mining far less profitable. Miners are pissed at losing the income and are retaliating by creating a mock hostage situation. They're pooling all their hashpower in one place to show that they could theoretically accomplish a 51% attack on Ethereum. Glad to see everyone is re-reading Dune.
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Mar 11, 2021 16:52
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Current gas price for ethereum is about $130, thats just to mint a new NFT contract, I can see this being useful for actual artwork not the heaps of slag their loading onto the block chain right now
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Mar 11, 2021 17:01
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Just a simple coin transfer with no smart contract stuff attached is $15 in gas. Ethereum REALLY needs to get their 2.0 version off the ground if they want people to actually use it.
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Mar 11, 2021 17:06
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Hillary 2020 posted:https://twitter.com/WSJ/status/1369471830466117634?s=20 What an incredible journalistic failure this headline is. A whole lotta 50 and 60 year olds are gonna see this headline and (not unreasonably!) assume that "buying LeBron highlights" means buying rights to highlights rather than electronic pogs with the description of a Lebron highlight stamped on it and nothing else, why would anyone assume that, it cannot possibly be that dumb, I must be explaining it wrong
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Mar 11, 2021 17:08
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So NFTs are literally just the "I've got a bridge to sell you" scam + blockchain?
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Mar 11, 2021 17:10
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The Moon Monster posted:So NFTs are literally just the "I've got a bridge to sell you" scam + blockchain? It reminds me of the scams Gregor McGregor ran but with less people dying in swamps.
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Mar 11, 2021 17:11
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https://opensea.io/assets/0x495f947...794564172808193 Which goon's cyber punk'd avatar is this? 
Scam Likely fucked around with this message at 17:28 on Mar 11, 2021 |
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Mar 11, 2021 17:25
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The Moon Monster posted:So NFTs are literally just the "I've got a bridge to sell you" scam + blockchain? yes for now, but when Musk finally gets Mars converted into a planet wide cryptofarm he'll have all the data and own all the assets
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Mar 11, 2021 17:38
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I'm having a hard time wrapping my head around the stupidity. Where is the $ in this? With BTC there is the potential to use the BTC to buy something. It's just potential, but it could theoretically happen. With NFTs? Is it just buy one and then try to sell it to someone else for more? You don't get royalties for holding it. It doesn't actually do anything. So why? Just in the hopes you can hot potato it on to someone else?
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Mar 11, 2021 17:43
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Waltzing Along posted:I'm having a hard time wrapping my head around the stupidity. Rich people have lots of money and nothing to spend it on for a year, plus Tether is regularly injecting tons of extra money and inflating the value of all of the assets
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Mar 11, 2021 17:47
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Waltzing Along posted:I'm having a hard time wrapping my head around the stupidity.
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Mar 11, 2021 17:47
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The Moon Monster posted:So NFTs are literally just the "I've got a bridge to sell you" scam + blockchain? I'm not sure that the people buying this even care about the bridge. They just want to turn their cash into a fancy new asset. HugeGrossBurrito posted:It’s going to be funny when the courts see this as a clear copyright violation and these idiots have to pay people real money and all they have is now worthless pictures and no means to pay The much better outcome is that the courts don't see it as a copyright violation because these stupid things don't actually convey any interest in the copyrighted material. If they were copyright violations, then that would mean the "legitimate" NFTs actually have some type of value as property beyond a title to a number on the blockchain ledger. Flip Yr Wig fucked around with this message at 17:56 on Mar 11, 2021 |
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Mar 11, 2021 17:52
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Waltzing Along posted:I'm having a hard time wrapping my head around the stupidity. I'm pretty sure the intended use case is that you do in fact own the item and can collect royalties on it. The problem is that anyone can make a token saying they own something, and the only mechanisms to prove ownership require centralization and defeat the entire purpose of the coin. For example, when it comes to tweets, they can be minted by logging into a third party website using that twitter account, which proves ownership of the tweet. So it all relies on that third company, and they make a profit, which tells you where the motivation came from. That company also controls the abuse and copyright mechanisms, which in this case is to ignore them.
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Mar 11, 2021 17:52
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