|
Seth! No! https://twitter.com/web3isgreat/status/1526619752772378628
|
#
?
May 17, 2022 18:47
|
|
|
|
| # ? Jun 1, 2024 18:41 |
|
|
Unlucky7 posted:Where does the "Code is law" thing come from? From smartcontracts, I am guessing? Was there anyone in particular who coined it? The idea is that in order to have a truly "trustless" system, you need a sufficiently complex and rigid set of rules that every transaction must adhere to, enforced by code. And this code is held up as the one true law because things like "human judgment" influencing the outcome of transactions are seen as vectors for bad actors to exploit the system. If something goes wrong due to an oversight in the code, then tough luck, code is law. Just patch the oversight so it doesn't happen again! (they usually skip this step)
|
|
#
?
May 17, 2022 18:51
|
|
|
gonna pay Tricia Helfer whatever she's charging on Cameo to give him poo poo for this
|
|
#
?
May 17, 2022 18:57
|
|
|
https://twitter.com/SethGreen/status/1526588358859759617?t=inWdue2DWfUFclmFcJNrTg&s=19
|
|
#
?
May 17, 2022 19:03
|
|
|
Why in the gently caress would anyone buy any of those lovely drawings in the first place
|
|
#
?
May 17, 2022 19:05
|
|
|
"pricey" implies value
|
|
#
?
May 17, 2022 19:06
|
|
|
Sydney Bottocks posted:Why in the gently caress would anyone buy any of those lovely drawings in the first place Also why do they all look like portraits, is that the only art style you're allowed to do in NFTs?
|
|
#
?
May 17, 2022 19:08
|
|
|
Celebrities are just as dumb as any of us. Dumber, if anything.
|
|
#
?
May 17, 2022 19:10
|
|
|
NFTs lol
|
|
#
?
May 17, 2022 19:11
|
|
|
lynch_69 posted:Celebrities are just as dumb as any of us. Dumber, if anything. It's hard to know which ones got roped and which ones were just payed an assload of (real) money to pretend that an ape jpeg is worth buying. That Paris Hilton / Jimmy Fallon conversation seemed like it fell into the latter category.
|
|
#
?
May 17, 2022 19:13
|
|
|
lynch_69 posted:Celebrities are just as dumb as any of us. Dumber, if anything. the below video may cause brain damage. youve been warned. https://twitter.com/AltcoinDailyio/status/1485841467767623681
|
|
#
?
May 17, 2022 19:15
|
|
|
Chinatown posted:"pricey" implies value the real money that he wasted had some value, I mean we could be here all day talking about the value of objects, but anyway, it certainly had more value than some long stolen ape jpegs.
|
|
#
?
May 17, 2022 19:15
|
|
|
Chinatown posted:"pricey" implies value
|
|
#
?
May 17, 2022 19:15
|
|
|
alnilam posted:Also why do they all look like portraits, is that the only art style you're allowed to do in NFTs? the only functional use anyone has gotten from a NFT is making it their twitter avatar, which is probably why bored apes & cryptopunks took off in the first place and the entire crypto industry has been full of clones and bandwagon-jumpers since nearly the start
|
|
#
?
May 17, 2022 19:17
|
|
|
Serious_Cyclone posted:It's hard to know which ones got roped and which ones were just payed an assload of (real) money to pretend that an ape jpeg is worth buying. That Paris Hilton / Jimmy Fallon conversation seemed like it fell into the latter category. I imagine a lot of celebs and other rich people with more money than they can ever actually use just got into NFTs/Crypto because it seemed like a way to make easy money. I'm sure some want to feel like their smarter than everyone else and got suckered into this poo poo, but I'm guessing most don't give a poo poo. Nothing about Seth Green's life changes because his dumb jpgs got stolen, it's just an investment that didn't work out.
|
|
#
?
May 17, 2022 19:17
|
|
Cat Army
|
Klyith posted:the only functional use anyone has gotten from a NFT is making it their twitter avatar, which is probably why bored apes & cryptopunks took off in the first place I remember NFT Apes before they were cool.
|
|
#
?
May 17, 2022 19:20
|
|
|
Ouhei posted:I imagine a lot of celebs and other rich people with more money than they can ever actually use just got into NFTs/Crypto because it seemed like a way to make easy money. I'm sure some want to feel like their smarter than everyone else and got suckered into this poo poo, but I'm guessing most don't give a poo poo. That has to be the celeb making their own investment decision in that case, right? I mean, what self respecting investment strategist would tell someone to put the cost of 4 Lamborghinis into a procedurally generated thumbnail of a monkey smoking a blunt?
|
|
#
?
May 17, 2022 19:22
|
|
|
Ouhei posted:Nothing about Seth Green's life changes because his dumb receipts for links to jpgs got stolen, it's just an investment that didn't work out.
|
|
#
?
May 17, 2022 19:23
|
|
|
muh apes!
|
|
#
?
May 17, 2022 19:27
|
|
|
Nobody's life changes because an ape gets stolen. If you didn't sell your lovely jpeg for 200,000 you were never going to sell it ever. You were just waiting for it to get stolen or reach $0. The damage was already done when you bought it not when it got stolen.
|
|
#
?
May 17, 2022 19:29
|
|
|
Forget it, Jake. It's Apetown.
|
|
#
?
May 17, 2022 19:31
|
|
|
Serious_Cyclone posted:That has to be the celeb making their own investment decision in that case, right? I mean, what self respecting investment strategist would tell someone to put the cost of 4 Lamborghinis into a procedurally generated thumbnail of a monkey smoking a blunt? I'd guess both? I think there's definitely financial people out there that got suckered into it, or at the very least sought to exploit it. There's also probably celebs that ask their financial person "hey I want to toss $X at NFTs, is that going to gently caress anything up?" and are told not really and so they do. I imagine crypto-bros have been absolutely hounding celebs to partake in their schemes to lend legitimacy to them too. It's obviously insanely dumb and leads to people whose lives will absolutely be wrecked if their monkey receipt gets stolen "wElL i SaW sEtH gReEn HaD oNe". Hah, yes I always forget to make this clarification, thank you.
|
|
#
?
May 17, 2022 19:32
|
|
|
Ouhei posted:I imagine a lot of celebs and other rich people with more money than they can ever actually use just got into NFTs/Crypto because it seemed like a way to make easy money. I'm sure some want to feel like their smarter than everyone else and got suckered into this poo poo, but I'm guessing most don't give a poo poo. I would imagine there has to be a huge overlap with how low-tier rich people (like, legit rich, just not motherfucking wealthy) "invest" in art and this crap. I got in touch with an old highschool friend recently who it turns out lives in NYC and works the lower end of the art world, and from the way she described it it basically sounded like grifting people who want the social cachet of being an "art collector" but have neither the money to buy all the really famous poo poo nor the knowledge about art or inclination to learn to actually make informed decisions. Just lots of trying to convince mid-tier celebrities and athletes that some piece of modern art is worth five figures because they're an up and coming genius who's poo poo will obviously be worth seven figures some day. Every time I see someone like Seth Green with an ape that's what I go to now. One part chasing what someone hyped as a good investment, one part trying to be (seen as) a cool and knowledgeable person who is patronizing the latest types of art.
|
|
#
?
May 17, 2022 19:37
|
|
|
Unlucky7 posted:Where does the "Code is law" thing come from? From smartcontracts, I am guessing? Was there anyone in particular who coined it? Don't feel bad for not understanding, we can't all be big brain programmers writing lawful crypto code. As everyone knows, as you get better and more experienced at programming, you can drop "junior level" stuff like checking inputs, error handling and automated testing. This is especially true when working in finance.
|
|
#
?
May 17, 2022 19:37
|
|
|
Assuming that they've reported whatever ridiculous price they paid for an NFT on their taxes, could they use that value as a tax write off in the event the NFT was 'stolen'? That's about the only way I could see getting any value for those things.
|
|
#
?
May 17, 2022 19:41
|
|
|
Captain Stalin posted:Assuming that they've reported whatever ridiculous price they paid for an NFT on their taxes, could they use that value as a tax write off in the event the NFT was 'stolen'? I think you would need ape insurance.
|
|
#
?
May 17, 2022 19:46
|
|
|
Salt Fish posted:I think you would need ape insurance. Oh god I googled it and it exists
|
|
#
?
May 17, 2022 20:06
|
|
|
Serious_Cyclone posted:Oh god I googled it and it exists Is it like term life insurance with a term of a week or something? You don't need a very long timeline for the risk of losing all your apes to approach 100%.
|
|
#
?
May 17, 2022 20:17
|
|
|
Poopy Palpy posted:Is it like term life insurance with a term of a week or something? You don't need a very long timeline for the risk of losing all your apes to approach 100%. I didn't get that far, but I sincerely hope that the NFT insurance is itself an NFT that also gets stolen
|
|
#
?
May 17, 2022 20:18
|
|
|
Unlucky7 posted:Where does the "Code is law" thing come from? From smartcontracts, I am guessing? Was there anyone in particular who coined it? It's from an essay in 2000 by Lawrence Lessig, warning that software was a threat to actual laws and civil liberties. https://www.harvardmagazine.com/2000/01/code-is-law-html quote:so obsessed are we with the idea that liberty means "freedom from government" that we don't even see the regulation in this new space. We therefore don't see the threat to liberty that this regulation presents. As usual, cyber-enthusiasts took the warning to be a celebration & guide.
|
|
#
?
May 17, 2022 20:20
|
|
|
Stable coin? wtf is that? You know what you find in a stable? Lots of horse poo poo.
|
|
#
?
May 17, 2022 20:24
|
|
|
Mozi posted:Forget it, Jake. It's Apetown. 
|
|
#
?
May 17, 2022 20:33
|
|
|
JammyB posted:Don't feel bad for not understanding, we can't all be big brain programmers writing lawful crypto code. While we are at it, we should just use floating points for money. At the end of the day, it's just numbers, right?  I seriously do not believe that they would be THAT dumb, but I would bet a few dollars that there is at least one crypto thing that did exactly that.
|
|
#
?
May 17, 2022 20:44
|
|
|
I remember reading something, it may have just been a detailed twitter thread, about how a lot of the celebs who are hawking NFTs are represented by the same talent agency group who is into it. They get gifted these "expensive" nfts and asked to hype it up to get the plebs to buy in. It sounded pretty scammy, so par for the course basically.
|
|
#
?
May 17, 2022 20:45
|
|
|
Unlucky7 posted:While we are at it, we should just use floating points for money. At the end of the day, it's just numbers, right? Yes, there were multiple exchanges that were that stupid.
|
|
#
?
May 17, 2022 20:47
|
|
|
https://twitter.com/tier10k/status/1526613914619895808
|
|
#
?
May 17, 2022 20:50
|
|
|
Can they dodge legal liability for quitting after poo poo hits the fan? As a party intended to lend a veneer of credibility to the company, can they be considered liable for rubber-stamping what is essentially securities fraud?
|
|
#
?
May 17, 2022 21:06
|
|
|
terraform legal team
|
|
#
?
May 17, 2022 21:08
|
|
HolHorsejob posted:Can they dodge legal liability for quitting after poo poo hits the fan? As a party intended to lend a veneer of credibility to the company, can they be considered liable for rubber-stamping what is essentially securities fraud? The answer is "maybe" You have to define whether this is a security or not and the SEC hasn't really figured that poo poo out yet. Could it be fraud? Maybe, no idea! But their lawyers could maybe make the argument that they didn't have to abide by the Securities Act because they weren't securities and thus didn't have to be registered as such. But if your entire legal team quits en masse that says to me there's some waaaaaaay more shady poo poo going on that they couldn't justify anymore
|
|
|
#
?
May 17, 2022 21:08
|
|
|
|
| # ? Jun 1, 2024 18:41 |
|
|
HolHorsejob posted:Can they dodge legal liability for quitting after poo poo hits the fan? As a party intended to lend a veneer of credibility to the company, can they be considered liable for rubber-stamping what is essentially securities fraud? Depends on what they knew, and when they knew it. Any lawyer worth a drat will purposefully keep a barrier between them and their employer as far as what they know about the day to day goings on with the business. Their job isn't to help run the company, their job is to handle legal problems that come up. As such they're better off NOT knowing the nitty gritty so that they can defend the company to the best of their abilities. That said, if they become aware of things or if things become obvious enough that they can't claim ignorance, that's when you see them quitting. IIRC that's happened to Trump - both personally and his business - more than once. It's not even some kind of statement that they disagree with you or don't like you, it's just that they're no longer in a position where they can ethically (from a legal standpoint - legal ethics aren't exactly people ethics) represent you.
|
|
#
?
May 17, 2022 21:13
|
|