|
Some places in the US have moved to a registry system similar to the UK others are still using a chain of title deeds system theoretically recorded by a local governmental body(in practice not always). The issue isn't the tech it's the lack of political will to move to a different system. Blockchain doesn't solve IP or land conveyance issues any better than a simple secure registry backed by law and a governmental body and in many cases, it's worse(even before considering the negative externalities) Opensea is a great example of how NFT's aren't solving IP ownership at all, people are freely stealing artwork and Opensea's solution is to ignore it and say "gently caress you make us take it down!". Hub Cat fucked around with this message at 20:01 on Dec 20, 2021 |
# ? Dec 20, 2021 19:13 |
|
|
# ? May 15, 2024 02:51 |
|
Deltasquid posted:(I'm not American but I understand American real estate conveyance is not registered with a public notary but by private companies?)
|
# ? Dec 20, 2021 19:38 |
|
Deltasquid posted:So, looking at NFT's from an intellectual property law perspective, one could argue that NFT's are a way to prove ownership of intellectual property over an artwork. The problem with using NFTs on the ~decentralized trustless blockchain~ for things like legal ownership and contractual agreements is that those things can change. What if I an artist, create some promotional work for a company and sign a contract assigning my copyright to them, but keep the NFT? What if I give you a 5-year copyright license to play my music in your TV show, but then 5 years later when the license expires you don't send the token back? What if I send you an NFT but never actually sign the legal contract assigning copyright? In real life, registries and documents can go out of date all the time, but we can still fix and update them after the fact. But the whole main feature of NFTs (and blockchain stuff in general) is that you can't do anything without the NFT owners' private cryptographic keys, meaning the records can never be fixed. If someone stubbornly holds onto an NFT representing a copyright that they don't legally have any right to anymore.... you can't do anything about it. So you still need some actual centralized public record that courts and lawyers can actually modify to represent the real owner, outside of all the NFT stuff. But once you have that you have no more need for the NFTs.
|
# ? Dec 20, 2021 19:54 |
|
It's youtube but this is a discussion with Geoffrey of nftbay fame. This won't be new to people in this thread who already understand how nfts work but I think it was interesting to hear him talk about nftbay. https://www.youtube.com/watch?v=i_VsgT5gfMc Tanreall fucked around with this message at 09:49 on Dec 21, 2021 |
# ? Dec 21, 2021 05:30 |
|
https://twitter.com/zachbussey/status/1473324507200905226?t=orDv73tYMEgv9j7tZ-nKlQ&s=19 "How could this have happened?" place where this regularly happens etc.
|
# ? Dec 22, 2021 22:12 |
|
Gotta say it must be an exciting time to be a scammer. Real kid in a candy store vibe. You could run a different hustle every week and have them all succeed wildly with zero possibility of repercussions.
|
# ? Dec 22, 2021 22:22 |
|
Oh boy A new years letter from the presidentYosuke Matsuda posted:I would like to begin by wishing everyone a Happy New Year. That whole part about "play to contribute" seems pretty Hub Cat fucked around with this message at 12:35 on Jan 1, 2022 |
# ? Jan 1, 2022 06:39 |
|
quote:... Battling Covid by becoming Roblox sure is a hot take.
|
# ? Jan 1, 2022 17:07 |
|
so axie infinity is just pokemon but i need to take out a mortgage to play it.
|
# ? Jan 4, 2022 18:37 |
|
Really what happens is Western cryptobros "invest" in three of a million samey Unique Digital Pokemans, then they hire Philipino sweatshop workers for a few bucks per day (higher than the minimum wage there!) to play with them and earn ingame currency on their "investment". The game has an official feature to let someone else play with your axies while you take 30% of their income or whatever. Then you use that ingame currency to create more pokemans which you can then trade/sell to other players for realmoney, or lease them out to more sweatshop workers to grind ranked for you. There is no actual cashflow beyond new players "buying in" to the game, and the min-wage "scholar" workers cashing out their axiecoins for realmoney to buy food/rent, so once the game stops growing and attracting new rubes to inject money, it will lose the 98% of its playerbase who are only there for the money. As far as I can tell, nobody actually plays it for fun. RPATDO_LAMD fucked around with this message at 19:06 on Jan 4, 2022 |
# ? Jan 4, 2022 19:01 |
|
To be fair, that also describes most gacha games except you're not there for the money but for anime waifu JPEGs.
|
# ? Jan 4, 2022 19:56 |
|
GameStop Entering NFT and Cryptocurrency Markets as Part of Turnaround Plan So Gamestop has been working on NFTs since around May and it's now rumored that they're working on a marketplace and looking to sign deals with game publishers. Hub Cat fucked around with this message at 19:43 on Jan 7, 2022 |
# ? Jan 7, 2022 19:12 |
|
https://youtu.be/u5haiXAHPnw digital foundry talks about square enix CEOs letter about nfts at 32:11
|
# ? Jan 12, 2022 13:16 |
|
This thread would be remiss without getting this shoved here https://twitter.com/gregisenberg/status/1483432456548196358?s=20 Also, one of the Reddit founders is heavily invested in crypto and said some stuff on that guys podcast Reddit cofounder Alexis Ohanian predicts play-to-earn crypto will be the only type of games people play in 5 years Alexis Ohanian posted:"In five years, you will actually value your time properly," he said. "And instead of being harvested for advertisements, or being fleeced for dollars to buy stupid hammers you don't actually own, you will be playing some on-chain equivalent game that will be just as fun, but you'll actually earn value and you will be the harvester." Mostly I just wanted an excuse to post the phrase digital serfdom. Hub Cat fucked around with this message at 04:07 on Jan 19, 2022 |
# ? Jan 19, 2022 03:18 |
|
If the "on-chain equivalent" play-to-earn game is just as fun as the one I paid $60 for, where is the money coming from? If it's actually fun, who is paying me to play this game instead of playing it themselves? How does the money that leaves the system through "earnings" get back in?
|
# ? Jan 19, 2022 03:29 |
|
The games have 8-bit graphics at 12FPS because the rest of your 3080 is mining. e: Having read that Twitter thread I have no idea what this dude is on about. That's.... Not how companies or anything works?
|
# ? Jan 19, 2022 04:41 |
|
Dark_Swordmaster posted:e: Having read that Twitter thread I have no idea what this dude is on about. That's.... Not how companies or anything works? crypto.txt
|
# ? Jan 19, 2022 05:01 |
|
Dark_Swordmaster posted:The games have 8-bit graphics at 12FPS because the rest of your 3080 is mining. Honestly I think that’s exactly what’s going to happen. Someone will build middleware that makes it easy to turn a game’s unused cpu/gpu budget into a crypto mining operation. You’ll earn, the game dev will earn, whales will shove real money into the system, etc. the top 0.001% of players will earn enough crypto to draw in the masses who think they’re gonna strike it rich. The game dev can insert themselves with mining fees and transaction fees and so on and profit the whole way. I am so, so deeply unhappy with this oncoming trend
|
# ? Jan 19, 2022 07:13 |
|
Installing crypto miners on users' machines is so 2015 You'd get literal pennies per month per player nowadays, there are way too many actual cryptobro-owned warehouses full of gpus running 24/7 as your competition. It'd be more profitable to just have pop-up ads in game.
|
# ? Jan 19, 2022 07:16 |
|
cmdrk posted:Honestly I think that’s exactly what’s going to happen. Someone will build middleware that makes it easy to turn a game’s unused cpu/gpu budget into a crypto mining operation. wasn't there a company that wanted to have an option in a game to do this years ago? I want to say it was super monday night combat.
|
# ? Jan 19, 2022 08:30 |
|
Gay Rat Wedding posted:wasn't there a company that wanted to have an option in a game to do this years ago? I want to say it was super monday night combat. "wanted to", nothing, they explicitly did give you the ability to get lootbox keys (an insultingly low rate, according to old comments) for letting the game's launcher mine bitcoin for the company.
|
# ? Jan 19, 2022 08:55 |
|
That's one of the things I don't quite understand with all this: For a crypto thing to be worth X$ someone else has to be willing to spend X$ to buy it from you, otherwise it's an empty valuation. So when I start playing crypto wow and get my first drop who is going to pay me 5$ for this green rat fang on a stick?
|
# ? Jan 19, 2022 09:57 |
|
organburner posted:That's one of the things I don't quite understand with all this: This is why crypto evangelism is so important to the scam, by convincing people to buy in, you can offload your trash to them in exchange for real money. Which is why they shuffle nuts between wallets to make it seem like the price is going up.
|
# ? Jan 19, 2022 10:10 |
|
Hey everyone just saw this come up on my feed and found it humorous because of the very British presentor: https://www.youtube.com/watch?v=XwMjPWOailQ
|
# ? Jan 19, 2022 10:12 |
|
is crypto big enough to tank the global economy when it inevitably crashes yet? when it does crash is my tamagotchi gonna starve?
|
# ? Jan 20, 2022 00:10 |
|
You're going to eat your tamagotchi so you don't starve.
|
# ? Jan 20, 2022 02:35 |
|
Goddamnit I hate this poo poo: https://twitter.com/9_volt_/status/1483870092962238465
|
# ? Jan 20, 2022 02:48 |
|
The gently caress is with people thinking kickstarter is an investment.
|
# ? Jan 20, 2022 02:50 |
|
Like you dumb motherfucker, you can just invest your loving money, loving put it in a goddamn index.
|
# ? Jan 20, 2022 02:51 |
|
If I wanted to invest in a game in development, isnt that what Fig was for?
|
# ? Jan 20, 2022 02:53 |
|
Barudak posted:If I wanted to invest in a game in development, isnt that what Fig was for? Hey so funny story, guess who is also an investor in Fig
|
# ? Jan 20, 2022 03:07 |
|
Hel posted:This is why crypto evangelism is so important to the scam, by convincing people to buy in, you can offload your trash to them in exchange for real money. Which is why they shuffle nuts between wallets to make it seem like the price is going up. Yeah this is 100% the keystone to the entire scam. Crypto poo poo 100% only makes people actual real money as long as crypto holders can convince other people to buy in so there's a steady influx of new rubes to cash out on, which is why cryptobros are so furiously evangelical about it and are constantly trying to debate and convince others that it's the future and that they should totally buy in so they don't miss out. It's so resilient because it's self-perpetuating - each new generation of marks that get fleeced is desperate to recruit a new generation of marks so they themselves can cash out.
|
# ? Jan 20, 2022 03:15 |
|
Barudak posted:If I wanted to invest in a game in development, isnt that what Fig was for?
|
# ? Jan 20, 2022 03:37 |
|
With this additional information, please, friends, lmao
|
# ? Jan 20, 2022 03:42 |
|
This NFT thing reminds me of emu ranching in the 90s. Huge money was moved selling them for breading but no one actually ate them.
|
# ? Jan 20, 2022 05:28 |
|
Lammasu posted:This NFT thing reminds me of emu ranching in the 90s. Huge money was moved selling them for breading but no one actually ate them. there was an emu field in the woods behind my house when i was a kid, it was pretty surreal this was in the 00s though, did the fad carry on that long?
|
# ? Jan 20, 2022 05:34 |
|
Hel posted:This is why crypto evangelism is so important to the scam, by convincing people to buy in, you can offload your trash to them in exchange for real money. Which is why they shuffle nuts between wallets to make it seem like the price is going up. It's just a pyramid scheme, basically. If you get in early you can get rich by selling off the stuff you bought early to people who came late. It's so dumb.
|
# ? Jan 20, 2022 06:02 |
|
Grondoth posted:It's just a pyramid scheme, basically. If you get in early you can get rich by selling off the stuff you bought early to people who came late. Jesus Christ you can't just go around calling crypto a pyramid scheme! It's a ponzi scheme!
|
# ? Jan 20, 2022 08:41 |
|
Also, getting in early means "being the person who created the NFT"
|
# ? Jan 20, 2022 08:46 |
|
|
# ? May 15, 2024 02:51 |
|
Gaius Marius posted:Like you dumb motherfucker, you can just invest your loving money, loving put it in a goddamn Index. Nef Anyo Liked this post.
|
# ? Jan 20, 2022 12:49 |