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This is like the Keynesian beauty contest of pyramid schemes.
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Nov 16, 2021 21:49
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I found a new dumb crypto thing that isn't an NFT. Behold: The Constitution DAO. Buy the US constitution - on the blockchain !! * * not actually on the blockchain, but send us ETH anyway
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Nov 16, 2021 23:45
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Can you take an address pointing to a blockchain entry and make *that* an NFT? The blockchain itself as an NFT, on the blockchain. Or what about NFTs that just point the the previous NFT?
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Nov 16, 2021 23:49
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zedprime posted:Yup, sure, when I think competent, sustainable business practices I think public video game companies. I give it a month tops before a Ubicoin dupe glitch is found.
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Nov 16, 2021 23:56
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syntaxfunction posted:Can you take an address pointing to a blockchain entry and make *that* an NFT? Nobody knows and nobody will ever find out cuz it’s not like what it points at matters to anyone trading in them
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Nov 16, 2021 23:56
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Random Stranger posted:I'm going to guess that there's about $10 million in actual tether reserves. My thinking is they probably have something so they can point to it, but it was probably more than that, like in the $50 million range, but that cash has been looted. I doubt it. If you're making up 48 billion dollars in fake money, it's probably not that hard to get a soft billion by being first to market against future bag holders.
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Nov 17, 2021 00:16
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everyone clowns on bitcoin bros. goons, furries, everyone. and thats because nobody likes a buttcoin
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Nov 17, 2021 00:27
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Let's all get rich short selling the future of humanity.
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Nov 17, 2021 00:31
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I feel like that's where we're at already, have you not been investing in luxury electric car companies?
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Nov 17, 2021 00:39
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Prurient Squid posted:Let's all get rich short selling the future of humanity. 
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Nov 17, 2021 02:08
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i can't twitter good so I cant seem to link this directly, but here an actual copyright lawyer explains why NFT "contracts" really aren't, using the BAYC/MAYC terms as an example
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Nov 17, 2021 02:10
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There are two parts, one that got sort of elided: first, the NFT is superfluous because all the actual terms are recorded elsewhere. The NFT isn't the contract, so as the third guy on the reply chain mentions, "what's the point?" The second is that the actual contract was drafted by idiots. Combined, and you couldn't create a bigger legal mess if you purposefully designed it.
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Nov 17, 2021 03:23
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https://twitter.com/ShamsCharania/status/1460832641352040449?s=20 https://twitter.com/by_justin/status/1460841094971756545?s=20 Vandar fucked around with this message at 06:56 on Nov 17, 2021 |
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Nov 17, 2021 06:44
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Vandar posted:https://twitter.com/ShamsCharania/status/1460832641352040449?s=20 gently caress everything about this.
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Nov 17, 2021 07:03
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This is why we need the Dictatorship of the Proletariat.
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Nov 17, 2021 07:30
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Key Arena became Climate Pledge arena. Staples Center became Crypto Center. First law of alchemy, equivalent exchange.
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Nov 17, 2021 07:33
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gently caress beaten.
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Nov 17, 2021 07:49
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Crypto Center is gonna be eternally famous, like if it was named the Ford Edsel Court. It's gonna be huuuuuge.
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Nov 17, 2021 07:54
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drk posted:i can't twitter good so I cant seem to link this directly, but here an actual copyright lawyer explains why NFT "contracts" really aren't, using the BAYC/MAYC terms as an example Sure our monkey machine is DEFINITELY multimillion dollar business with licensing potential just dont mind that our one page terms and conditions were drafted by a child. Hello innovation!!!
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Nov 17, 2021 09:09
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welcome one and all to the butt coin arena, also known as my rear end hole
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Nov 17, 2021 12:17
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the dumbest timeline 
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Nov 17, 2021 13:38
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Enron had a stadium named after it as well.
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Nov 17, 2021 14:10
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https://www.abc.net.au/news/2021-11-17/perth-heat-to-offer-to-pay-players-in-bitcoin/100627522 lol
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Nov 17, 2021 14:15
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Welcome to my crypto activation space.
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Nov 17, 2021 14:25
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I don't see how anyone investing in NFTs can't see that a massive crash is inevitable. They are built on unstable crypto currency, legal grey areas and a complete lack of transparency. If you aren't a shark with some scheme to make a quick buck what the gently caress are you doing messing about with this stuff.
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Nov 17, 2021 14:49
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Everyone is either in denial or counting on being able to get out before the bubble pops.
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Nov 17, 2021 14:50
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This is the same demographic that "invests" in literal ponzi schemes labeled as such.
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Nov 17, 2021 14:52
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ultrafilter posted:Everyone is either in denial or counting on being able to get out before the bubble pops. You said “in denial” twice
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Nov 17, 2021 15:22
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I understand that those that are barely scraping by might need to resort to this when first getting an apartment, but I don't think they brag about it. Plus its coiners so its okay to point and laugh. https://twitter.com/CoinersTakingLs/status/1460838711885635588
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Nov 17, 2021 15:30
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drk posted:i can't twitter good so I cant seem to link this directly, but here an actual copyright lawyer explains why NFT "contracts" really aren't, using the BAYC/MAYC terms as an example "It's innovative that lawyers are more confused about the function of this legal document, than people who don't know or decide law are" is such a pure distillation of crypto guy energy
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Nov 17, 2021 15:31
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syntaxfunction posted:Crypto Center is gonna be eternally famous, like if it was named the Ford Edsel Court. It's gonna be huuuuuge. You mean like Enron Field?
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Nov 17, 2021 15:34
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the Magic also play at the Amway Center, and Herbalife is the shirt sponsor of LA's soccer team so yeah the dumb poo poo for rubes industry has been all over sports for a while lmao
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Nov 17, 2021 16:04
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If Crypto.com paid for, say, a 10 year naming deal but they go bankrupt in 2 years, can Staples Center get named something else or is it stuck as Crypto.com Center for 8 more years?
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Nov 17, 2021 16:08
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Whoever the goon was that pointed out that, in theory, you could have two NFTs pointed at the same target URL, you fuckin’ nailed it my friend. https://twitter.com/NFTtheft/status/1460688714129035270?s=20 To summarize the article: 1) Some dipshit coiner(s) makes another dumb ape “project” (baby ape no I’m not kidding)for money laundering purposes. 2) 3 days later, another scammer buys another NFT project, gives it an identical “baby ape” name and points the Opensea url to the same loving image. Opensea just takes the money and runs with it without a care. 3) idiot coiners see that the baby apes are a great 4) scammers make off with loads of etherium from the other scammers Holy gently caress, this is the dumbest thing.
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Nov 17, 2021 16:11
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Gutcruncher posted:If Crypto.com paid for, say, a 10 year naming deal but they go bankrupt in 2 years, can Staples Center get named something else or is it stuck as Crypto.com Center for 8 more years? In Enron's case the field got renamed Astro's field for a bit before another company stepped in.
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Nov 17, 2021 16:12
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Gutcruncher posted:If Crypto.com paid for, say, a 10 year naming deal but they go bankrupt in 2 years, can Staples Center get named something else or is it stuck as Crypto.com Center for 8 more years? IIRC Sports Authority had the naming deal for the Broncos stadium and it was called Sports Authority Field for some time after they went bust So, to answer your question, the arena will be renamed Bored Ape Pavilion in a few years
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Nov 17, 2021 16:12
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Gutcruncher posted:If Crypto.com paid for, say, a 10 year naming deal but they go bankrupt in 2 years, can Staples Center get named something else or is it stuck as Crypto.com Center for 8 more years? Based on what happened last time, they'll be able to end the naming rights early for pennies on the dollar. quote:The ballpark was first named "Enron Field" on April 7, 2000, with naming rights sold to the Houston energy and financial trading company in a 30-year, $100 million deal. However, Astros management faced a public relations problem when the energy corporation went bankrupt in 2001 due to a financial scandal. Quickly wanting to distance themselves from Enron, Astros ownership asked to prematurely end naming rights, but Enron refused.[41] On February 5, 2002, Astros ownership filed a motion with the court overseeing the company's bankruptcy to force Enron to make an immediate decision on the matter. By February 27, the two entities agreed to end the naming rights, and settled with the Astros paying $2.1 million to Enron. Without a naming rights agreement in place, the ballpark became officially known as "Astros Field".[42]
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Nov 17, 2021 16:13
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Gutcruncher posted:If Crypto.com paid for, say, a 10 year naming deal but they go bankrupt in 2 years, can Staples Center get named something else or is it stuck as Crypto.com Center for 8 more years? A lot of sports arenas have been renamed when their naming sponsor suddenly went bankrupt. Almost as if paying for you name on a stadium is a bad idea.
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Nov 17, 2021 16:13
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Random Stranger posted:A lot of sports arenas have been renamed when their naming sponsor suddenly went bankrupt. Almost as if paying for you name on a stadium is a bad idea. The Pittsburgh Penguins’ “Consol Arena” was named after a coal company that went bust after a few years, which is still loving hilarious. Imagine being in a coal company and thinking not only that coal will go on forever but that you’ve got money to burn strapping your name on an arena. Fools and their money, etc. etc.
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Nov 17, 2021 16:18
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