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CharlestheHammer posted:I don’t…understand what that accomplishes Well as you know, the most important aspect of currency is your inability to transfer or exchange it
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May 22, 2022 21:15
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I have so many questions. Like, what exactly is the point of a token that can't be resold once bought? I thought this was supposed to be the bold new experiment in currency, and a currency that can't circulate is useless. Even the loving goldbugs understand that!
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May 22, 2022 21:17
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I did not think it was possible for NFTs to get even stupider. Now I am the stupid one, it seems.
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May 22, 2022 21:17
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He lists some use cases in the replies, stuff like degrees and certificates for courses and such You know, things that we have been doing for centuries without any need for this really exciting new tech
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May 22, 2022 21:20
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CharlestheHammer posted:I don’t…understand what that accomplishes Yeah its an NFT all right
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May 22, 2022 21:25
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If your degree is centralized then what it means is that a central authority would be in charge of determining whether you got a degree. Do we really want MIT to be allowed to determine who has a degree from MIT?
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May 22, 2022 21:28
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I will tell you that you’re a good lil boy for $500 and no one can ever take that away from you.
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May 22, 2022 21:29
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https://lovedeathandart.com/frequently-asked-questions well.. at least they're "free" (minus gas fees, naturally), and quote:WHY WOULD I WANT TO MINT?
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May 22, 2022 21:33
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But like, I can already own all the non-transferrable links to jpgs I want. I own all the links to jpgs on any website I control right now. And they die with me when the domain expires or whatever.
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May 22, 2022 21:35
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Mal-3 posted:I have so many questions. Like, what exactly is the point of a token that can't be resold once bought? I thought this was supposed to be the bold new experiment in currency, and a currency that can't circulate is useless. Even the loving goldbugs understand that! It reads to me like a back asswards attempt to find a use for the blockchain, and of course it is stupid and pointless.
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May 22, 2022 21:42
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To be fair NFTs aren’t supposed to be currency. I’m not 100% sure what they are supposed to be but it wasn’t currency
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May 22, 2022 21:43
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CharlestheHammer posted:To be fair NFTs aren’t supposed to be currency. This soulbond thing at least seems more honest to what an NFT is supposed to represent than NFTs are. If NFTs are really about "ownership" then what could be more sincere about that belief than having something stapled on to your good name for all eternity? You can't speculate on its monetary value but only its value as currency that measures jealousy, since having a very cool piece of art bonded to your very loving soul is an enviable position that transcends mere money
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May 22, 2022 21:47
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No one. Will EVER. Steal your apes.
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May 22, 2022 21:50
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Those soulbound NFT's won't even be popular with crypto-morons because the only reason they care about NFT's is getting rich off of flipping them 
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May 22, 2022 21:52
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This sucks.. not only is my degree in Economics, Finance and Banking completely worthless due to upcoming cryptocoin supremacy, but also I was foolish enough to receive it on physical, eco-destoying, fungible paper.
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May 22, 2022 21:53
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Deptfordx posted:No one. Will EVER. Steal your apes. Here's $250,000 keep my apes safe!!1!!
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May 22, 2022 21:53
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ekuNNN posted:Those soulbound NFT's won't even be popular with crypto-morons because the only reason they care about NFT's is getting rich off of flipping them Ah but now they have something to point to when anyone says “NFTs only exist as a greater fool grift” they can go “no see? THESE NFTs don’t even allow that! Therefore they’re all non-scams”
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May 22, 2022 21:54
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JammyB posted:This sucks.. not only is my degree in Economics, Finance and Banking completely worthless due to upcoming cryptocoin supremacy, but also I was foolish enough to receive it on physical, eco-destoying, fungible paper. You fool! Why I could break into your house, steal your diploma, and be running the Federal Reserve by this time tommorow.
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May 22, 2022 21:55
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I know next to nothing about crypto, I just enjoy the schadenfreude. But the soul bound thing has me wondering a simple question: If your wallet gets hacked, do you have any recourse for recovering it? If not, wouldn’t all of the use cases for soulbinding things still be way worse than any other centralized option? Also if someone takes control of a wallet with a soulbound NFT can they just sell the whole wallet to someone else or is that not how it works. Again, I know nothing and I kinda like it that way.
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May 22, 2022 22:02
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fullroundaction posted:I know next to nothing about crypto, I just enjoy the schadenfreude. But the soul bound thing has me wondering a simple question: If your wallet gets hacked, do you have any recourse for recovering it? If not, wouldn’t all of the use cases for soulbinding things still be way worse than any other centralized option? Oh, it's extremely easy. https://twitter.com/iamjasonlevin/status/1527340971633311744
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May 22, 2022 22:04
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Well, I can’t poke any holes in that. Glad they have it all sewn up.
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May 22, 2022 22:07
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Gonna pay thousands of dollars for a diploma of an ape jpg and take it to my grave in a USB drive.
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May 22, 2022 22:16
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hsd anyone mentioned that one of the major coin inventors or nfters literally made the thing because a WoW patch that nerfed his thing.
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May 22, 2022 22:17
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Sounds like his thing was already nerfed.
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May 22, 2022 22:19
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fullroundaction posted:I know next to nothing about crypto, I just enjoy the schadenfreude. But the soul bound thing has me wondering a simple question: If your wallet gets hacked, do you have any recourse for recovering it? If not, wouldn’t all of the use cases for soulbinding things still be way worse than any other centralized option? Wallets don't intrinsically belong to anyone. There is actually no such thing as your wallet. Anyone who happens to know what the private key of a wallet is can make transactions from that wallet. That's it. There is literally nothing more to it than that. However, for many tokens (including these newfangled SoulsBound tokens), the token is never actually in the wallet. There is a pseudo-database associated with the wallet controlling the tokens that keeps track of which wallet owns what token. So whatever controls that wallet can technically just up and decide to change the content of the database. Why yes, that severely defeats the purpose. Aramis fucked around with this message at 22:26 on May 22, 2022 |
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May 22, 2022 22:23
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Paladinus posted:Oh, it's extremely easy.
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May 22, 2022 22:23
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Can you re-key your wallet like you do with servers, or is that once the key is known that’s it forever?
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May 22, 2022 22:25
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excited to use slurp juice on my bored ape degree
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May 22, 2022 22:27
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Tarquinn posted:I did not think it was possible for NFTs to get even stupider. We’re never getting off this planet, are we? We will never explore the stars or have a society that will allow fulfilling, rewarding lives on a planet that is recovering from the ecological brink. We’re going to be stuck here, boiling ourselves to death while crypto bros ramp up the mining. For some reason, this comment just jettisoned the last illusion of optimism.
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May 22, 2022 22:27
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Automatic Slim posted:We’re never getting off this planet, are we? We will never explore the stars or have a society that will allow fulfilling, rewarding lives on a planet that is recovering from the ecological brink. No it's more like people are willingly organizing themselves to be in classes and desperate to declare themselves lower than. Willing rubes have existed forever.
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May 22, 2022 22:31
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fullroundaction posted:Can you re-key your wallet like you do with servers, or is that once the key is known that’s it forever? Transferring everything from that wallet to some other uncompromised wallet would be the equivalent of that, but odds are pretty good that whoever "hacked" the wallet did that already.
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May 22, 2022 22:34
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So in the case of a school issuing soulbound diplomas, if the issuer ever got hacked, the hacker could just freely mint fake diplomas that were indistinguishable from the real ones I assume? And there’d be nothing anyone could do about it, forever. Sorry for all the questions just needed to make sure this is as dumb as I thought (it is).
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May 22, 2022 22:45
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Durzel posted:This is a very real thing I keep hearing. like spending 50 bucks on a lottery ticket but the drawing will never happen
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May 22, 2022 22:49
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What if you don't have a soul?
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May 22, 2022 23:03
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fuctifino posted:What if you don't have a soul? You'll fit right in
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May 22, 2022 23:06
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fuctifino posted:What if you don't have a soul? Then you are the one selling the NFTs.
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May 22, 2022 23:07
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fuctifino posted:What if you don't have a soul? You need to hack a wallet and steal one. I'm also assuming it works like vampires where the more souls you steal the more powerful you become.
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May 22, 2022 23:08
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Automatic Slim posted:We’re never getting off this planet, are we? We will never explore the stars or have a society that will allow fulfilling, rewarding lives on a planet that is recovering from the ecological brink. https://twitter.com/ParikPatelCFA/status/1528430944759291909
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May 22, 2022 23:19
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I'm the 12 billion hotdogs that Costco has on hand. Apparently Costco sells around 121 million hotdogs per year. They might run a bit short.
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May 22, 2022 23:26
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Costco sells uncooked hotdogs in their grocery section for $19.49 for 36 count or 54 cents a dog, and buns for $2.50 for 12, or 21 cents a piece. A cup of soda is barely worth more than the cup. They probably still make money overall on the whole deal.
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May 22, 2022 23:31
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