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but its good actually, and the future of the economy somehow
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Oct 6, 2021 08:25
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They dont even understand the appeal of a real diamond? Like, its not just nebulous value, its a sparkly rock and a NFT can never be that?
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Oct 6, 2021 08:32
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owwww I actually understand nfts(not well enough to explain, because the whole concept is fairly nebulous in alot of ways) and that tweet gave me an instant headache
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Oct 6, 2021 08:33
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Also would diamonds be harmed by fire? Do they melt or discolour or would it just be a thing where you wipe off the ash? They are notoriously hardy materials.
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Oct 6, 2021 08:37
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Won't someone think of all the diamonds burning up in fires?!
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Oct 6, 2021 08:38
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"what's the point of-" it's for scams it's all for scams
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Oct 6, 2021 08:39
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A lot of people don't really understand economics, especially given it's a topic that's deliberately obfuscated and most mainstream theories and ideas are deliberately and completely wrong. This ends up with a lot of people cargo culting it. It's a lot like other forms of pseudoscience and conspiracy theories with Sovereign Citizens and quack medicine; people who distrust or don't have access to real legal/medical knowledge and eagerly gobble up whatever random social media sources and a guy in the pub tells them will be the real way to get rich quick/get out of speeding tickets/cure your boneitis.
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Oct 6, 2021 08:39
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Mx. posted:"what's the point of-" and money laundering. 
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Oct 6, 2021 08:41
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BioEnchanted posted:Also would diamonds be harmed by fire? Do they melt or discolour or would it just be a thing where you wipe off the ash? They are notoriously hardy materials. They don't burn but they start sublimating at around 3700°C
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Oct 6, 2021 08:52
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Philippe posted:Is it like, you pay bitcoin to get an imgur link? You pay money to have it recorded in the big file that xX_donglord42069_Xx totally owns the imgur link. The easiest equivalent thing to compare it to is those scams selling land on the moon, or in scotland, except you can at least wipe your rear end with the certificate they send you. Lunatic Sledge posted:a couple months old but it still gives me a small aneurysm every time This is wholly correct, because you never owned the actual diamond, you just paid money to have it written down on a computer somewhere that you own the diamond, which some might suggest is utterly worthless but it is entirely true that you "own" exactly the same thing regardless of what happens to the actual diamond. OwlFancier has a new favorite as of 09:40 on Oct 6, 2021 |
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Oct 6, 2021 09:37
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OwlFancier posted:This is wholly correct, because you never owned the actual diamond, you just paid money to have it written down on a computer somewhere that you own the diamond, which some might suggest is utterly worthless but it is entirely true that you "own" exactly the same thing regardless of what happens to the actual diamond. Isn't it that you own a record of a picture of it?
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Oct 6, 2021 09:58
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You could, but an NFT can describe ""ownership"" of anything, it's just that the NFT idiots think that "ownership" is some magical thing that nobody could dispute and that if someone stole your diamond you could go to bitcoin court and say "aha it says here that this is my diamond" and everyone would be like "woah that's so cool it's definitely your diamond" rather than that the record they have is worthless because ownership is really just about who can actually enforce it. Usually it is ownership of images because the other moron thing they believe is that scarcity alone makes a thing valuable and thus the "records of ownership" themselves are valuable, despite each of my turds also being unique and personally created by me but obviously nobody is paying me thousands to take a poo poo. It turns out there are people who believe that scarcity alone is valuable but they're all idiots who buy NFTs, and all of them are just making new ones up and buying them because someday they will definitely be worth millions. OwlFancier has a new favorite as of 10:14 on Oct 6, 2021 |
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Oct 6, 2021 10:10
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Samovar posted:Isn't it that you own a record of a picture of it? NFTs don't have to be for pictures. They can proclaim ownership of anything!
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Oct 6, 2021 10:17
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I know a guy who is big into cryptocurrency and nft's. He considers himself a captain of industry type. He works for his dad managing rental units.
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Oct 6, 2021 10:19
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Ok but can someone explain to me how to get in on this scam because I'm not a great artist but I'll make a lovely lion drawing that some dork will pay 8k for anytime
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Oct 6, 2021 10:19
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I believe you actually have to pay crypto to make your art into an NFT so I don't even think that the artist makes much money out of it.
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Oct 6, 2021 10:24
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Seth Pecksniff posted:Ok but can someone explain to me how to get in on this scam because I'm not a great artist but I'll make a lovely lion drawing that some dork will pay 8k for anytime The beauty is it's limited to folks who bought into the pyramid already. So you need to have an account with the site that authors nfts or get an invite to it. Oh you don't have that? Well my friend, I happen to, but I have only a limited supply of NFTs I can create based on my account tier, so what is it worth to you to use one of my nft creation slots? At least that's how it worked when the whole stuff launched. I don't know if they had to open it up to anyone who owns btc/etherium.
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Oct 6, 2021 10:26
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Memento posted:They don't burn but they start sublimating at around 3700°C Diamonds burn at around 800°C.
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Oct 6, 2021 10:27
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I hope he gets his plane and learns that it’s not the initial cost of the airframe that’s ruinous. Or not because he’d probably crash and kill innocent people before that.
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Oct 6, 2021 10:29
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OwlFancier posted:You pay money to have it recorded in the big file that xX_donglord42069_Xx totally owns the imgur link. I wanted to give her the benefit of the doubt at first, but later on her timeline she actually buys a diamond, mints an NFT of it, smashes the diamond and proceeds to "prove her point" by selling that NFT for the price of the diamond edit: slightly less than the price of the diamond Lunatic Sledge has a new favorite as of 10:37 on Oct 6, 2021 |
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Oct 6, 2021 10:33
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Lunatic Sledge posted:I wanted to give her the benefit of the doubt at first, but later on her timeline she actually buys a diamond, mints an NFT of it, smashes the diamond and proceeds to "prove her point" by selling that NFT for the price of the diamond Oh sure and there are definitely people dumb enough to buy that, the issue is that it's a fairly small group of idiots with too much money and they are extrapolating that behaviour to all of society. Which like, yeah it's true in the sense there have been groups of rich idiots for a long time who will do that crap but it always runs into the problem that wider society doesn't work that way and eventually the bubble pops, or it is restricted to a fairly limited market.
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Oct 6, 2021 10:37
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Economics is a brain disease.
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Oct 6, 2021 10:39
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Platystemon posted:I hope he gets his plane and learns that it’s not the initial cost of the airframe that’s ruinous. It's awesome that he thinks he's beaten the system after having done absolutely no research on the running costs. MSP to DEN, round trip 1360 miles. $56. A cheap rental from a club will do that $56 round trip in 12 hours, at $125 per hour.
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Oct 6, 2021 11:18
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Platystemon posted:I hope he gets his plane and learns that it’s not the initial cost of the airframe that’s ruinous. But what if, and hear my out here, he disrupted the aviation industry by not doing any of the safety stuff? What then?
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Oct 6, 2021 11:19
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Then there are several VC ghouls out there that'll throw tens of billions of dollars at him.
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Oct 6, 2021 11:26
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MisterOblivious posted:It's awesome that he thinks he's beaten the system after having done absolutely no research on the running costs. Well that's way cheaper than a deformed cartoon lion so I'm not sure what the problem is.
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Oct 6, 2021 11:31
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Lunatic Sledge posted:I wanted to give her the benefit of the doubt at first, but later on her timeline she actually buys a diamond, mints an NFT of it, smashes the diamond and proceeds to "prove her point" by selling that NFT for the price of the diamond This is good for bitcoin
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Oct 6, 2021 12:05
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Aramoro posted:But what if, and hear my out here, he disrupted the aviation industry by not doing any of the safety stuff? What then? Step 1: Buy plane. Step 2: Skip paying for essential basic maintaince. Step 3:
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Oct 6, 2021 12:18
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Is there a way to delete an NFT if I ever happen to get my greasy little hands on one? Want to see what level of wailing and gnashing of idiot's teeth that would produce
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Oct 6, 2021 12:27
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Ichabod Sexbeast posted:Is there a way to delete an NFT if I ever happen to get my greasy little hands on one? Transfer ownership to an address that no one controls, like 0x000000000000000000000000000000000000dEaD
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Oct 6, 2021 12:41
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I saw someone on Twitter claim they bought $20k of NFTs just to immediately destroy them, hoping it would increase the value of their other NFTs from the same series by more than $20k due to increased scarcity I can't find the guy now though, NFT Twitter is so spammy that searching is almost useless
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Oct 6, 2021 12:50
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In terms of the jpg, yes if you had access to the website where it happened to be hosted you could delete it off the servers but anyone who had it cached or otherwise saved it would obviously still have it. In terms of the post it note saying you own [thing], no, my understanding of the blockchain is that the record of you owning the thing is there for as long as the blockchain itself exists.
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Oct 6, 2021 13:14
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Ghost Leviathan posted:A lot of people don't really understand economics, especially given it's a topic that's deliberately obfuscated and most mainstream theories and ideas are deliberately and completely wrong. This ends up with a lot of people cargo culting it. drat, that's a good way to explain it.
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Oct 6, 2021 13:22
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Baron von Eevl posted:In terms of the jpg, yes if you had access to the website where it happened to be hosted you could delete it off the servers but anyone who had it cached or otherwise saved it would obviously still have it. In terms of the post it note saying you own [thing], no, my understanding of the blockchain is that the record of you owning the thing is there for as long as the blockchain itself exists. You can store data in That data is usually just a URL to an IPFS file, or (the more stupid part) a link to a file on a website (a "platform" if you will) that can disappear at any time. Some artists have started minting small SVG video games or other programs/pictures directly in NFTs. So, NFTs are basically unique QR codes that you can "own". Not the content if the QR code, mind you. Just the code itself. And other people can make and own other QR codes with the exact same content.
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Oct 6, 2021 13:58
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Biplane posted:I know a guy who is big into cryptocurrency and nft's. He considers himself a captain of industry type. He works for his dad managing rental units. I know 3 of these guys and they are probably the worst, most capitalism-brained people on Earth.
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Oct 6, 2021 14:18
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Philippe posted:Is it like, you pay bitcoin to get an imgur link? Yes but you also burn down a part of the rain forest to mark the link as yours.
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Oct 6, 2021 14:45
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I read/heard (maybe even on these very forums!) that someone put child porn on the blockchain so now everyone involved is technically spreading cp and thus breaking the law. Like actually accessing/viewing it is pretty much impossible but it's technically encoded in there, somewhere. Is there any truth to that?
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Oct 6, 2021 14:51
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Platystemon posted:I hope he gets his plane and learns that it’s not the initial cost of the airframe that’s ruinous. Even if he gets his own plane, won't he still have to conform to any regulations regarding vaccinations? You still go through customs and security the same if you're flying your own jet as anyone else.
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Oct 6, 2021 14:51
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Aviation as a hobby is one of the biggest killers of rich idiots.
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Oct 6, 2021 14:56
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Taeke posted:I read/heard (maybe even on these very forums!) that someone put child porn on the blockchain so now everyone involved is technically spreading cp and thus breaking the law. Like actually accessing/viewing it is pretty much impossible but it's technically encoded in there, somewhere. The same thing happens with any decentralized store, every time. Guaranteed.
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Oct 6, 2021 14:57
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