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No you can totally do that. Don't forget about us when you make it to the top.
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Nov 18, 2021 06:27
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Crypto is, truly, a city of thieves. There is nobody at any level of the crypto world who will make real money except by scamming people or by simply finding a greater fool. That’s it. That’s the grift. Scams and hot potato.
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Nov 18, 2021 06:28
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Main Paineframe posted:The stock market is pretty bad right now, but during the height of the Albanian Ponzi craze, the rates of return were in a whole different world. Part of the problem is that the different Ponzis started competing against each other, promising more and more unrealistic rates of return in an effort to win customers from each other. By the time of the collapse, Sude was offering to double your money in two months, and Xhaferri was offering to triple your initial investment in three months. Interest rates of 30+% every month are straight-up absurd. I can start to see how this turned into a civil war. I wonder how many scammers managed to get out of the country before they were strung up.
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Nov 18, 2021 07:14
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https://twitter.com/inputmag/status/1461081346957324289 it's literally like starting a social club but with extra steps of having to be on the blockchain. the article is good, if only that it at least considers the part where it's a complete scam. but also, jfc, jimmy fallon, steph curry, etc all bought one of these stupid things. quote:Now that we’ve all survived a near-death experience together — and truly, for the first time this week, I feel WAGMI deep inside my bones — I decide to broach the grift question: What do you say to the people who call BAYC a scam? quote:To Digging4Doge, NFTs like BAYC “even the playing field.” He adds, “All these big companies and celebrities entering the space, they have real-world clout, but they’re clueless here. Some big hotshot comes to talk to me about NFTs, it shrinks them down to size. Because they don’t know what they’re talking about, and I do.”
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Nov 18, 2021 09:20
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I'm actually really mad I didn't think to auction off the internet one hyperlink at a time first
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Nov 18, 2021 09:45
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Where does your NFT go if the website breaks, is there a backup copy?
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Nov 18, 2021 10:44
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Why is everything so loving stupid?
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Nov 18, 2021 10:47
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keep punching joe posted:Where does your NFT go if the website breaks, is there a backup copy? of the content itself? yes because an nft is not actual content of the reciept "proving" you own it? lol no get hosed. people would just have to trust your receipt connects to content and without that linkage there is no way so your worthless link is now actually worthless even to idiots.
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Nov 18, 2021 11:20
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So the NFT is just the address of the lovely monkey jpg, not the jpg itself.
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Nov 18, 2021 11:25
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keep punching joe posted:So the NFT is just the address of the lovely monkey jpg, not the jpg itself. One possible address as the file can be copied infinitely
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Nov 18, 2021 11:28
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Hmm seems like a bad investment if you ask me.
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Nov 18, 2021 11:32
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Shinmera posted:What? The ~68% was inclusive of payment gateway and taxes but I'll concede the point. I don't really understand how nfts work.
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Nov 18, 2021 11:53
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Justa Dandelion posted:The ~68% was inclusive of payment gateway and taxes but I'll concede the point. I don't really understand how nfts work. Yeah and that's the problem, right there. To be clear, I'm not blaming you, it's not your fault. The way crypto and NFTs are being talked about in the media and online obfuscates everything about how they actually function and is intended to draw in as many people as possible with the implication that the technology can solve all sorts of problems. But it can't. It's just adding another middleman layer and/or turning your product into a speculative commodity, that's it. Hungry fucked around with this message at 12:11 on Nov 18, 2021 |
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Nov 18, 2021 12:05
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NFTs: The commodity where the people who know what they are buying, know that they are buying nothing.
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Nov 18, 2021 12:08
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Strong Sauce posted:https://twitter.com/inputmag/status/1461081346957324289 How long until BAYC transforms into a proud boys esque right wing militia?
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Nov 18, 2021 12:15
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Illuminti posted:How long until BAYC transforms into a proud boys esque right wing militia? Yeah I'm super-curious about the Venn diagram between those guys, vapers, and Trump people.
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Nov 18, 2021 12:49
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Salt Fish posted:You have to pay fees for every one you mint, so the NFT community of scammers who are washing their money with etherium would appreciate your contribution to the price of eth. Brilliant. It's a money filter at every step. You just have to have enough cash in reserve to climb the steep, 3-sided slope of the NFT structure. Then after reaching the top you cash out quickly before sliding back down the other side.
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Nov 18, 2021 12:59
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LordArgh posted:Why is everything so loving stupid? I think this so many times a day now.
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Nov 18, 2021 13:08
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Ok, so I don't know if you know this but minted NFTs go on this public blockchain, but that's too visible and open for security minded people like myself. So I am going to create a new kind of NFT. A private NFT on a block chain of one. Visible only to the select people you want. Come at me, right clickers, as I take any image and run it through our propritary algorithm to encrypt your image making it indecipherable to the outside world. Currently no art is safe from these childish theives but by encrypting the image we will only all for them to download static. Our methodology also doubles your investment immediately on its face: You will be minted not one, but TWO Tokens. One, a smaller, easily transmittable NFT so that a select group of people of your choosing can view your art, and a private Grandiose NFT for just yourself proving ownership. To summarize: NFTs: Public, for everyone to see Easily Right-Clicked Images Only links go on public block chain Only of ugly images Old, Tired Hoot Tokens (HooTs) Private, for your exclusive use. Completley RSA encrypted save proof Private, Single-owner personal block chain Any digital asset Double your value with two Tokens per New, Wired Get on the ground floor now!
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Nov 18, 2021 13:59
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HootTheOwl posted:Ok, so I don't know if you know this but minted NFTs go on this public blockchain, but that's too visible and open for security minded people like myself. So I am going to create a new kind of NFT. A private NFT on a block chain of one. Visible only to the select people you want. Come at me, right clickers, as I take any image and run it through our propritary algorithm to encrypt your image making it indecipherable to the outside world. Currently no art is safe from these childish theives but by encrypting the image we will only all for them to download static. Our methodology also doubles your investment immediately on its face: You will be minted not one, but TWO Tokens. One, a smaller, easily transmittable NFT so that a select group of people of your choosing can view your art, and a private Grandiose NFT for just yourself proving ownership. I appreciate how this is so stupid it makes me dissociate.
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Nov 18, 2021 14:16
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https://twitter.com/CoinersTakingLs/status/1461197386294853638  
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Nov 18, 2021 14:39
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i too steal from his wife
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Nov 18, 2021 15:05
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HootTheOwl posted:Ok, so I don't know if you know this but minted NFTs go on this public blockchain, but that's too visible and open for security minded people like myself. So I am going to create a new kind of NFT. A private NFT on a block chain of one. Visible only to the select people you want. Come at me, right clickers, as I take any image and run it through our propritary algorithm to encrypt your image making it indecipherable to the outside world. Currently no art is safe from these childish theives but by encrypting the image we will only all for them to download static. Our methodology also doubles your investment immediately on its face: You will be minted not one, but TWO Tokens. One, a smaller, easily transmittable NFT so that a select group of people of your choosing can view your art, and a private Grandiose NFT for just yourself proving ownership. Right now someone is trying to sell this to their boss in between snorting coke which they are also trying to sell to their boss
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Nov 18, 2021 15:31
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Dang It Bhabhi! posted:I appreciate how this is so stupid it makes me dissociate. HFSP Meanwhile I'm getting rich marketing PKIs as the next big thing in crypto.
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Nov 18, 2021 15:33
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I think this crypto poo poo should be a sobering reminder of how loving stupid and greedy people are, and to steel your own resolve against the greed and stupidity endemic to all of us. Top to bottom it’s just greed and stupidity. If trump gets re-elected and does a kristallnacht to redistribute all the wealth of prominent democrats and political rivals, these exact same people will be doing mental hurdles to praise it because of greed and stupidity. They know they’re stealing each other’s money, that’s a feature not a big of their systembusalover posted:Yeah I'm super-curious about the Venn diagram between those guys, vapers, and Trump people. It’s a circle, but it’s on the block chain
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Nov 18, 2021 15:34
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https://twitter.com/geoffreyhuntley/status/1461322836165885954?s=21
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Nov 18, 2021 17:29
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the bitcoin bubble is gonna collapse and take down global capitalism lol
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Nov 18, 2021 18:10
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I guess it would be pretty funny if blockchain poo poo finally goes away before burning the planet but at the same time it causes a global economic collapse and nuclear war
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Nov 18, 2021 18:13
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ErrorInvalidUser posted:the bitcoin bubble is gonna collapse and take down global capitalism lol All of crypto is worth less than apple. It would probably effect the stock market but it wouldn't come close to collapse, or even a recession.
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Nov 18, 2021 18:15
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The .NFO is a nice authentic touch. How long before ISPs block access to illegitimate hyperlinks??? You wouldn't steal a link 
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Nov 18, 2021 18:41
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For all of how incredibly stupid NFTs are, them being "only" a URL is the wrong thing to latch on to. That specific piece of the puzzle is actually fine-ish. The URLs in  legit NFTs are more like a torrent magnet link. As long as whoever owns that NFT keeps doing the ipfs equivalent of seeding, it'll stay online.Obviously, this only works if the people buying the NFTs are aware of it and are willing to effectively pay for hosting the image out of their own pocket. NFT sellers are trustworthy people after all. They would never fail to mention that there is an expected responsibility on the part of owners  .
Aramis fucked around with this message at 19:10 on Nov 18, 2021 |
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Nov 18, 2021 19:05
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It's fine in the sense that that's what it is and it'd be theoretically functional if you needed an extremely expensive way to log URLs, but the whole selling point of NFTs is that they're actually some kind of "decentralized" contract giving you an enforceable copyright to a monkey jpg that somehow doesn't depend on Big Government the way a real copyright would, because of the blockchain. Nobody wants to buy a loving URL.
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Nov 18, 2021 19:14
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Mega Comrade posted:All of crypto is worth less than apple. It would probably effect the stock market but it wouldn't come close to collapse, or even a recession. Also importantly it isn’t institutional money, it’s mostly dumbfucks in the tech industry. Also also an (old, old) family friend was upset because I cautioned him and told him not to invest in cryptocurrency and he thinks I don’t know what I’m talking about (I work in finance) because Bitcoin has doubled since then. I hate everything
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Nov 18, 2021 19:17
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If NFTs were marketed as the world's most expensive URL shortener, then no one would care. But its proponents are saying stuff like "decentralize" ownership and other gibberish when it's tinyurl with a 1000000000000000000000000000000% markup. And of course it's literally, LITERALLY in some cases, selling the Brooklyn Bridge since the NFT minter doesn't have to prove pesky things like "provenance" or even "ownership of the underlying asset."
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Nov 18, 2021 19:20
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Those sorts of concepts only get in the way of the blockchain improving society. Bridgecoin coming soon
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Nov 18, 2021 19:28
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Does anyone remember that torrent on the pirate bay called "EVERY IPv4 ADDRESS EVER txt [hacking tool]"?
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Nov 18, 2021 19:51
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This reminds me of some artist that DLed millions of $$$$ of pirated stuff and displayed the HDD at a musuem. Also reminds me of other gimmick torrents / files that have 10 or 100 K$s worth of fonts.
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Nov 18, 2021 20:01
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Aramis posted:For all of how incredibly stupid NFTs are, them being "only" a URL is the wrong thing to latch on to. That specific piece of the puzzle is actually fine-ish. The URLs in
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Nov 18, 2021 20:07
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pretty sure most Bros think fungible is another synonym for physical.
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Nov 18, 2021 20:12
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Words have no meaning in the crypto space, except for whatever makes number go up.
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Nov 18, 2021 20:20
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