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The Lord of Hats posted:They’re literally just people who want Ready Player One to be real. That’s it. That’s all they are. And also they'd totally be the main character and not just NPCs.
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Dec 17, 2021 19:36
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https://twitter.com/GRohac/status/1471891737652125697
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Dec 17, 2021 19:50
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Protocol7 posted:The only argument I've seen in favor of NFTs in games has been some hand-wavy poo poo like "NFTs are changing the landscape for gaming and beyond. Businesses and those who don't understand the tech will ultimately come around to being educated and understanding their concerns will misguided." It's just people who have bought into it, as investors, and have a vested interest in pushing the narrative in much the same way any proponent of a stock would be. I believe that a great many people involved in crypto, NFTs and even meme stocks have next to no idea about the intrinsic aspects or USPs of them (even if you assume that those things have merit), they just see "number go up" and they're onboard. I've given up asking my friend why BLEEP coin is better than BLOOP coin this week, when last week BLOOP was going to cure cancer. It's easier simply to reconcile it as "number go up more, coin better". Meme stocks are another more transparent example of this. If you venture onto discussions about GME, AMC, etc you'll find a bunch of people basically just parroting "gamma squeeze", "it's us against the shorties", "Citadel have to cover!" without the slightest clue what any of that stuff means, whether it's actually real or not. We're through the looking glass with all of this stuff I think.
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Dec 17, 2021 20:04
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Durzel posted:Meme stocks are another more transparent example of this. If you venture onto discussions about GME, AMC, etc you'll find a bunch of people basically just parroting "gamma squeeze", "it's us against the shorties", "Citadel have to cover!" without the slightest clue what any of that stuff means, whether it's actually real or not. I was thinking about this with the Gamestop stuff. People were talking about how doing a short squeeze was sticking it to Wall Street, when the reality is that this was short squeezing a very narrow subset of investors, and investors rise and fall on Wall Street all the time. And yet so many people, including major media organizations, parroted the notion that this was some kind of populist uprising against Wall Street, when it was more akin to Don Quixote fighting windmills thinking they're dragons.
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Dec 17, 2021 20:10
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Fish Appreciator posted:Its refreshing to see Gamer Opinion on NFTs shifting so hard into the negative. It makes sense, given that gaming NFTs are just Team Fortress 2 hats, but with more artificial scarcity. It's not even just that, but also that the vehicle for creating the majority of NFTs, Etherium, is through it's very existence propping up the bubble that is keeping gamers from getting graphics cards they need to actually play games. Taking just that into account the STALKER NFT announcement is so loving tone deaf it hurts.
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Dec 17, 2021 20:15
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One of the most enlightening things you can do with chat about NFTs in games is to take the promises of the NFTbros, flip the perspective to that of another player in the game, and think about whether it sounds good or not. So you assume that this wonderful fantastic amazing experience they are touting actually happens (despite it being unworkable nonsense), then ask "ok, so who else would want to play a game where...?" "You own your super special sword and can rent it out when you aren't playing!" becomes "who would want to play a game where you have to rent the sword you need (for real money)?" "Your ultra-blaster gun can't be taken away or changed arbitrarily!" becomes "Who would want to play a game where a completely broken weapon can't be rebalanced or removed?" "You can carry your gear between games!" becomes "Who would want to play a game where completely incongruous stuff shows up, like someone pulling out a plasma rifle in a swordfighting game?" Etc. Without fail when you look at things through the eyes of a hypothetical other player they sound like absolute poo poo that nobody would want to play.
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Dec 17, 2021 20:23
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Xanderkish posted:I was thinking about this with the Gamestop stuff. People were talking about how doing a short squeeze was sticking it to Wall Street, when the reality is that this was short squeezing a very narrow subset of investors, and investors rise and fall on Wall Street all the time. And yet so many people, including major media organizations, parroted the notion that this was some kind of populist uprising against Wall Street, when it was more akin to Don Quixote fighting windmills thinking they're dragons. The idea that hedge funds are some omnipotent enemy that "apes" need to defeat is really, really dumb, even as a basic premise, and neglects to understand the simple logic that "hedgies" don't only bet one way. If there is money to be made institutional investors will bet whichever way maximises their profit, whereas apes will only buy and hodl (at least in theory, many will - or ought to at least - cash out silently when they get a resaonable gain if they have any sense at all). The GME short squeeze was a thing, but people think they are seeing it everywhere now, and are losing their shirts in the process. It does remind me of crypto/NFTs in an oblique way, in the sense that people are jumping into things without any due diligence at all simply because that's the way the wind seems to be blowing, and at the promise of instant riches. The problem is the information they are consuming is not objective. If all you consume all day is pro-crypto evangelist content then you're naturally going to end up believing that their narrative is the immutable truth, as with everything else, especially if you've already got skin in the game. Durzel fucked around with this message at 20:26 on Dec 17, 2021 |
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Dec 17, 2021 20:24
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i'm sure the games industry, (which spends millions of dollars and needs armies of developers just to get its own assets working) is going to develop, adopt, and maintain indefinitely a level of asset portability and network integration that it has never achieved even across a single studio's titles
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Dec 17, 2021 20:45
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ryde posted:NFT proponents just don't understand the desires of gamers in general. Seen the old adage that gamers want real ownership of their virtual items in games. No, they don't. This isn't something that gamers actually ask for outside of people flipping TF2 hats. Most gamers want microtransactions, RMT, loot boxes, etc. to go away. We want games to go back to being something you just bought and played, and maybe got an expansion pack once in a while, but that you didn't have to pay rent for. yeah, it's inevitably just going to be pay to win. that requires a small number of high paying winners and a large number of losers. it's not fun for the losers so they aren't going to want to pay for the game.
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Dec 17, 2021 21:03
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https://twitter.com/rynbtmn/status/1471932248995864584?t=kshxWchBNlW6ulehKO0hwg&s=19
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Dec 17, 2021 21:46
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#ApeSyntheticCDOs
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Dec 17, 2021 21:48
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Taking out a loan on a highly volatile commodity with no intrinsic value outside of what value others are willing to pay for it sounds like a highly sustainable methodology.
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Dec 17, 2021 21:54
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They're just aping the big finance guys.
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Dec 17, 2021 21:54
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All money is funny money when you think about it. Some money is just, well, funnier.
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Dec 17, 2021 22:12
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Leveraging apes to buy more punks. Then gonna leverage my punks to buy more apes. Lmao we are literally in the 20s again.
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Dec 17, 2021 22:22
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Loads of these schemes work great if one of your steps is "cash out a massive loan and flee the country".
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Dec 17, 2021 22:29
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zedprime posted:Lmao we are literally in the 20s again. I mean, technically, literally we are.
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Dec 17, 2021 22:29
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My mortgage loan officer started asking me about crypto and specifically ripple. I went down the list in my head of everything dumb about bitcoin and crypto from spending 12 years in this thread, but he kept saying how ripple has been adopted by many international banks and a bunch of other legit (to him) sounding stuff. His use case response was transfer fees and the usual BS, and my response was "but in the end you're just trying to make money". Anyway... Is there actually anything to ripple? He was talking about some conspiracy from the globalist mainstream media about not adding ripple to the top 3 cryptocurrencies with the largest market cap during some finance segment a few years ago or some poo poo. I had to shut the conversation down after that. Luckily I'm closing on Monday and never have to speak to him again.
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Dec 17, 2021 22:42
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Garfu posted:Anyway... Is there actually anything to ripple?
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Dec 17, 2021 23:03
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Yeah just looking at the fancy website with its veritable fountain of buzzwords in the copy, I'm left with more questions than answers.
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Dec 17, 2021 23:05
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I did tell him all about tether and the reason bitcoin's price is propped up and whatnot, but he kept pivoting back to ripple, which I didn't know enough about to refute with language other than bitcoin bad.
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Dec 17, 2021 23:17
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That’s why he used that word but it’s the same poo poo
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Dec 17, 2021 23:21
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Bitcoin is dumb and bad I agree that’s why blockchain tether Blockchain is stupid and tether is a fraud I agree that’s why ripple and doge doge is a scam and ripple is nonseNse I agree, stablecoin tether ethereum Crypto poo poo is just that thing where it takes more effort to disprove bullshit than it takes to spew bullshit
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Dec 17, 2021 23:25
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XRP (Ripple) bag holders are huge losers even by crypto standards. The fact that a quarter of their wikipedia article is related to ongoing litigation with the SEC should be all you need to know.
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Dec 17, 2021 23:28
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jokes posted:Bitcoin is dumb and bad Crypto's greatest asset is the fact that few people, neither the people buying into it nor the media paid to report on it, have any clue what a lot of it means.
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Dec 17, 2021 23:31
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drk posted:XRP (Ripple) bag holders are huge losers even by crypto standards. The fact that a quarter of their wikipedia article is related to ongoing litigation with the SEC should be all you need to know. As goes the meme, he said that was a good thing. Why would the SEC have a problem if it weren't legitimate huh????
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Dec 17, 2021 23:49
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Xanderkish posted:Crypto's greatest asset is the fact that few people, neither the people buying into it nor the media paid to report on it, have any clue what a lot of it means. Just spew out enough bullshit long enough that you can cash out. And it works for some I guess.
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Dec 17, 2021 23:56
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Garfu posted:My mortgage loan officer started asking me about crypto and specifically ripple. I went down the list in my head of everything dumb about bitcoin and crypto from spending 12 years in this thread, but he kept saying how ripple has been adopted by many international banks and a bunch of other legit (to him) sounding stuff. His use case response was transfer fees and the usual BS, and my response was "but in the end you're just trying to make money". drat son, you should have asked him to approve a second mortgage to buy ripple! if ripple goes up you make money, if ripple goes down you can sue the gently caress out of his company for providing bad financial advice. because a loan officer shouldn't be doing that. you can't lose!
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Dec 18, 2021 00:50
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You're not going to win any argument with someone who's essentially a cultist, since their position is not one they reasoned into.
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Dec 18, 2021 00:51
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"I just heard a little bit about ~crypto~ sure sounds swell, what do you think?" has been a favored conversation tactic of coiners to bypass the reputation they have for a long while now. Sounds like that might be the case with your mortgage person.
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Dec 18, 2021 01:29
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https://twitter.com/hasanthehun/status/1471884791465213963
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Dec 18, 2021 01:30
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not that anyone in here needs convincing but this is probably the best longread I've read about exactly why this 'web3' nonsense is bullshit https://twitter.com/tante/status/1471638343150714890
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Dec 18, 2021 01:35
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It's kind of funny that cryptocurrencies essentially created a commodity out of distrust of the financial system and that the old guard of that system use them to do the kind of business that regulators won't let them do with real money or stocks because it's harmful to the public. It's neoliberalism all the way down. It's surreal to watch the internet and real world mix. Things that were identifiably dumb on the internet ten years ago are being embraced by the mainstream now. Actual, legitimate financial institutions with real assets are buying in heavily and even more money will be coming due to people's credulity of web3 bullshit. The problem is that we don't get to sit back and laugh when the whole thing comes crashing down like we did when the Bitcoin bubble popped the first time. We're all going to pay the consequences for this and there's nothing we can do to insulate ourselves. Also, Garfu posted:He was talking about some conspiracy from the (((globalist))) mainstream media
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Dec 18, 2021 01:53
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deadwing posted:not that anyone in here needs convincing but this is probably the best longread I've read about exactly why this 'web3' nonsense is bullshit ive got a movement thats about to become decentralized
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Dec 18, 2021 01:59
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DrPossum posted:ive got a movement thats about to become decentralized Try less fiber, or a better, more balanced diet.
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Dec 18, 2021 02:10
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zedprime posted:Leveraging apes to buy more punks. Then gonna leverage my punks to buy more apes. I'm almost certain there has to have been an economic bubble based around hoarding literal apes
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Dec 18, 2021 03:20
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Ghost Leviathan posted:I'm almost certain there has to have been an economic bubble based around hoarding literal apes Literal apes have some innate value
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Dec 18, 2021 03:23
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drk posted:XRP (Ripple) bag holders are huge losers even by crypto standards. The fact that a quarter of their wikipedia article is related to ongoing litigation with the SEC should be all you need to know. Getting in trouble with the SEC makes it the most real IMO.
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Dec 18, 2021 03:23
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what could go wrong https://twitter.com/crypto/status/1471940102989529088
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Dec 18, 2021 03:27
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Garfu posted:My mortgage loan officer started asking me about crypto and specifically ripple. I went down the list in my head of everything dumb about bitcoin and crypto from spending 12 years in this thread, but he kept saying how ripple has been adopted by many international banks and a bunch of other legit (to him) sounding stuff. His use case response was transfer fees and the usual BS, and my response was "but in the end you're just trying to make money". Ripple is currently facing a lawsuit from the SEC for selling unregistered securities, so buying in right now would be extremely foolish even by crypto standards
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Dec 18, 2021 03:37
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