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How realistic is the theory that the financial regulatory agencies aren't slapping crypto down because they're too scared what else is going to fall over when the crypto bubble bursts? Versus something simple as the people in those agencies making money of these scams as well?
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Nov 5, 2021 11:39
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smellmycheese posted:I’m honestly surprised we haven’t had “Minecraft but you’re actually mining for real bitcoins” yet. It can only be a matter of time.
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Nov 5, 2021 12:05
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Raygereio posted:How realistic is the theory that the financial regulatory agencies aren't slapping crypto down because they're too scared what else is going to fall over when the crypto bubble bursts? https://twitter.com/lamoustache/status/856527416935800832?s=20
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Nov 5, 2021 12:10
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CaptainSarcastic posted:I think a lot of the current situation is due to an interaction of being in late stage capitalism as well as having several generations who have internalized capitalism to a practically religious degree, who cannot comprehend or imagine anything other than neoliberal capitalism at this point. That, and/or a degree of naivete or ignorance that allows them to be unaware of the ongoing decline that's part of late stage capitalism. My father was a public prosecutor in Germany, working on economic crimes. After the reunification, a lot of West German crooks took advantage of the financial naïveté of Easterners. One of the victims he interviewed, when asked if he wasn't suspicious of the promised two-figure gains of his "investment", earnestly told him "but capitalism is supposed to achieve things like that!"
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Nov 5, 2021 12:47
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Raygereio posted:How realistic is the theory that the financial regulatory agencies aren't slapping crypto down because they're too scared what else is going to fall over when the crypto bubble bursts? I think they aren’t slapping it down because most of the people in said regulatory agencies have people older than dirt as their bosses, and the bosses aren’t prioritizing something they literally lack the knowledge to understand. It’s hard to get an old fart in Congress to care or understand that poor people are getting fleeced while he has a few Goldman Sachs lobbyists pouring money down his pants.
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Nov 5, 2021 16:14
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smellmycheese posted:I’m honestly surprised we haven’t had “Minecraft but you’re actually mining for real bitcoins” yet. It can only be a matter of time. Sending my kids to work in the bitcoin mines of minecraft
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Nov 5, 2021 16:55
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JammyB posted:https://www.eurogamer.net/articles/2021-11-04-ea-says-nfts-will-be-an-important-part-about-the-future-of-our-industry it's absolutely just executives saying buzzwords so investors don't think that they're behind the times: https://www.gamesindustry.biz/articles/2021-11-05-baseless-nft-hype-hits-a-crescendo-but-its-play-to-earn-thats-worth-watching-opinion
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Nov 5, 2021 17:19
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Nov 5, 2021 17:22
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A large part of the world population are easily convinced that price and value are more than distantly related.
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Nov 5, 2021 17:54
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Sashimi posted:Sounds like some sort of scheme... Something vaguely triangular in shape.... the term is triangular prism of flim-flammery!
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Nov 5, 2021 18:26
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Plant MONSTER. posted:the term is triangular prism of flim-flammery! https://hitchhikers.fandom.com/wiki/Ningi
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Nov 5, 2021 18:30
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So close, and yet so, so far. One day they may get it, let’s hope it’s before the earth boils over. 
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Nov 5, 2021 18:54
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FilthyImp posted:You just invented EVE Online great, they heard you https://concord-killmail.eveonline.com/how-it-works e: how "energy efficient" is a proof of stake blockchain like tezos? I'm sure relative to proof of work it's better but how many trees are dying for this pointless buzzword NtotheTC fucked around with this message at 19:15 on Nov 5, 2021 |
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Nov 5, 2021 19:06
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MarcusSA posted:This video goes into the whole NFT block chain poo poo when it comes to games. I like how people pretend something is new as long as they add the word blockchain.
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Nov 5, 2021 19:28
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snorch posted:A large part of the world population are easily convinced that price and value are more than distantly related. No worries, in a couple months when bull market ends people can find out what happens when price re- correlates with value.
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Nov 5, 2021 19:28
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trying to get a hold of a rtx 2060 today
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Nov 5, 2021 19:28
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snorch posted:A large part of the world population are easily convinced that price and value are more than distantly related. Yes, this. It gets so warped it's not even funny. And it's also highly leveraged against the poor in multiple ways.
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Nov 5, 2021 20:00
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https://twitter.com/paleofuture/status/1456214657815904260?s=20
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Nov 5, 2021 20:03
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https://twitter.com/arthurtaytsohn/status/1456694392966762498?s=21
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Nov 5, 2021 20:14
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NtotheTC posted:great, they heard you It depends on the design specifics of each blockchain, but it shouldn't be particularly power-heavy. Proof-of-work is explicitly designed to waste an absolute ton of energy on purpose, because the cost of maintaining all that computing power is the limiting factor that's prevents just anyone from taking over the chain with a 51% attack. Proof-of-stake, on the other hand, uses "how much coin you have" as the limiting factor. Because each miner is only allowed influence (and mining ability) in proportion to the amount of coins they ante up, there isn't any need to go out of its way to waste energy for the sake of verification. IMO, PoS is pretty funny and it's only a matter of time until we get some good laughs from it, but it's likely true that it won't be an utter climate disaster the way PoW was.
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Nov 5, 2021 20:24
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I was reading about NFTs trying to figure out how you "link" your ownership of a particular image or video or whatever, and boy howdy do these scammers really work hard to obfuscate how the sausage is made. Lots of platitudes about how "this gives you ownership!" and other worthless crap about how it's not really that bad for the environment, green energy will save us, etc. but absolutely nothing linking how they would link the etherium address to the image. Are the images hashed and that's what's loaded to the blockchain? The full image? What prevents me from changing a random pixel with a value of #06A89D to #05A89D and uploading it as the original? If I didn't care about the environment and the future of humanity, I might be tempted to get that stupid picture of the monkey that nerd owned, change one pixel, then upload it and claim it is the original to gently caress with them. Then again, that'd require me owning Etherium and I'm a knuckle-dragging idiot loser accountant and even I'm not that stupid.
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Nov 5, 2021 20:39
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the image is not encoded, just a url linking to a site hosting it
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Nov 5, 2021 20:40
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punishedkissinger posted:the image is not encoded, just a url linking to a site hosting it But that’s even dumber!
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Nov 5, 2021 20:47
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Life is stranger than fiction because if you wrote a book where large numbers of people mortgage their homes to buy monkey jizz you'd have to think up a reason why. Real life has no such requirement.
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Nov 5, 2021 20:49
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Couldn't you just sell someone an NFT linking to a randomly generated monkey (highly sought after) and change the image linked there at a later date to, say, a man stretching his anus?
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Nov 5, 2021 20:49
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Butterwagon posted:Couldn't you just sell someone an NFT linking to a randomly generated monkey (highly sought after) and change the image linked there at a later date to, say, a man stretching his anus? You could indeed! Not only that, but you could even configure the server so that it automatically looks different based on which site you're looking at it on! https://twitter.com/moxie/status/1448066582274617344 https://twitter.com/moxie/status/1448066586003259393 https://twitter.com/moxie/status/1454863786783875075
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Nov 5, 2021 20:51
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Funds are safe?
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Nov 5, 2021 20:53
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funeral home DJ posted:Are the images hashed and that's what's loaded to the blockchain? The full image? What prevents me from changing a random pixel with a value of #06A89D to #05A89D and uploading it as the original? It's normally just a url. And btw as far as I know there's nothing stopping someone creating another NFT pointing to the exact same url, or the exact same image at another url, or another url pointing at the original image resource. So no need to even open MS paint to adjust a pixel is what I'm saying.
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Nov 5, 2021 20:54
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Wait, they don't even store a hash of the image? Then how does anyone claim they "own" the image they have an NFT of if the only thing on the blockchain is the URL? Why would a technology based almost entirely on cryptographic hashing not use it to ensure the "property" is actually secure? Why can't you keep selling NFTs of the same image stored at different URLs? I'm losing my mind
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Nov 5, 2021 20:55
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Butterwagon posted:Wait, they don't even store a hash of the image? Then how does anyone claim they "own" the image they have an NFT of if the only thing on the blockchain is the URL? It really is just a registry scam, just with the "rights" to a pixelated monkey instead of having a star named after you.
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Nov 5, 2021 20:57
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Main Paineframe posted:You could indeed! Not only that, but you could even configure the server so that it automatically looks different based on which site you're looking at it on! Oh wow, they've rediscovered central ownership authority. Next they'll discover ownership disputes and reinvent courts
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Nov 5, 2021 20:59
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Butterwagon posted:Wait, they don't even store a hash of the image? Addressed in order: Nope Self-delusion Because it's being implemented by idiots who think "crypto" is a magic incantation You absolutely can
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Nov 5, 2021 20:59
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Butterwagon posted:Wait, they don't even store a hash of the image? Then how does anyone claim they "own" the image they have an NFT of if the only thing on the blockchain is the URL? Once again if it sounds dumb, you're getting it right.
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Nov 5, 2021 21:02
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Pham Nuwen posted:Addressed in order: You must be explaining it wrong.
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Nov 5, 2021 21:04
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Butterwagon posted:Wait, they don't even store a hash of the image? Then how does anyone claim they "own" the image they have an NFT of if the only thing on the blockchain is the URL? The real value of NFTs is how everyone who doesn't buy into them goes through exactly this and then gets to enjoy it when the next person finds out exactly what NFTs are and how they work.
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Nov 5, 2021 21:06
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Salt Fish posted:You must be explaining it wrong. Well they are. Because also there's no rule that says you have to own the URL to mint an nft. You can literally Google image search a picture and mint an nft of someone else's web content
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Nov 5, 2021 21:06
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Does the NFT even have to be a url or can I make an NFT of pi or something and sell it for a bazillion dollars?
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Nov 5, 2021 21:07
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punishedkissinger posted:the image is not encoded, just a url linking to a site hosting it Oh cool, now I see why they refuse to tell you how any of this works. It’s 1,000 times stupider than I ever could imagine.
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Nov 5, 2021 21:09
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punishedkissinger posted:the image is not encoded, just a url linking to a site hosting it has anyone actually linked a nft jpg url in this thread, or twitter or some other very public posting space? or is it also just rightclicking or screen caping? Also I thought png was the superior image format to rule them all. PhazonLink fucked around with this message at 21:14 on Nov 5, 2021 |
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Nov 5, 2021 21:12
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So if I have an image on my hard drive, the only way for me to be sure it isn't someone else's "property" is to compare it to every NFT in existence, right? Because they don't index the content or the hash so there's no way to look up an image in the blockchain? This seems like a problem
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Nov 5, 2021 21:19
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