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repiv
Aug 13, 2009

Hillary 2024 posted:

Just seen this on Twitter



that was introduced months ago

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Gutcruncher
Apr 16, 2005

Go home and be a family man!
It was twitter setting up a “please cyber bully this loser” function. The one good contribution to the world twitter has made

Extra Large Marge
Jan 21, 2004

Fun Shoe
Pretty sure you need to pay for "Twitter Blue", their premium services, to use that nft feature as well

Illuminti
Dec 3, 2005

Praise be to China's Covid-Zero Policy

Splicer posted:

Ask them what the other 99% is.

Yes, bitcoiners will famously responded with detailed reports to questions. The article was an example of the evidence being presented to me, I just wondered if anyone had some link showing how 99% of it was all wash trading.

CommieGIR posted:

Surely a blog dedicated to *checks notes* positive analysis of the crypto market wouldn't write a report biased towards crypto!

Pretty sure accurately reporting on crypto would be counter to their entire mission.

yes I know, Sorry maybe I wasn't clear....



Elerion posted:

I love when people seriously quote reports like that as proof that crypto isn't used for illegal stuff. They usually like to compare it to something like UNODC's estimate that money laundering accounts for 2-5% of global GDP, which shows they don't even know what these terms mean.

If you want to tear it down:
1. That Chainalysis report only looks bottom up at wallets specifically proven to be used for crime. They literally count the cryptocurrency sent and received by wallets identified as associated with criminal activity. Every year they revise the number from the previous year upwards by like 100% as they discover that more of it was actually crime after all. UNODC on the other hand tries to estimate the total amount of crime from a top down perspective. A top down estimate on cryptocurrency would be much higher than 1%.
2. It does not account for the fact that almost all crypto transactions are pure financial trades, and in many cases wash trades. As a percentage of actual purchases of goods or services it would be much, much higher.
3. Much more importantly: Even 1% of transactions is a LUDICROUSLY high share of crime. The comparison with crime as % Global GDP is funny. Global GDP is not the total value of transactions performed with fiat currencies, that number would be many orders of magnitude higher. Just the values transacted in FX trade alone (the equivalent of crypto's financial transactions) is 30-40X higher than global GDP. A single iphone probably generates transactions equal to 100x its GDP contribution. The "global GDP" of cryptocurrency is pretty close to zero.


In short, it's just a completely nonsensical comparison. A top down estimate of cryptocurrency crime as a % of cryptocurrency's "global GDP" would probably be over 100%. Or the other way around - a bottom up count of known crime committed in fiat transactions as a % of all fiat transactions would probably be less than 0.001%.

Instead:
Thanks!

WorldIndustries
Dec 21, 2004

zedprime posted:

This is a lot of words saying ape debased.

we need a return to sound apes

Chef Boyardeez Nuts
Sep 9, 2011

The more you kick against the pricks, the more you suffer.

Booyah- posted:

we need a return to sound apes

koshmar
Oct 22, 2009

i'm not here

this isn't happening
https://twitter.com/redlettermedia/status/1529192128819212289?s=20&t=yTuGb93D7P_Ux0PgRsNUOQ

The Saddest Rhino
Apr 29, 2009

Put it all together.
Solve the world.
One conversation at a time.



the hexagon profile picture just made it easier for people to bully them, noted contrarian matt yglesias had a hexagon profile featuring his own big bald head and everyone mocked him so much he went back to the default shaped icon

Mooseontheloose
May 13, 2003

Strong Sauce posted:


there's also a cameo by gary vee because of course why wouldn't he be involved in this. he's everyday bro. rise and grind. 24/7. work til you die.


I know this is the place to make fun of NFTs but his videos keep popping up on reels/instagram reels and all of his advice seems wrong/just work harder conveniently leaving out his parents owned a 3 million dollar business.

drk
Jan 16, 2005
Interesting thread on schrodinger's ape.

Summary: the stolen ape was purchased on OpenSea, which per their own terms, is governed by the laws of NY, where a thief "cannot pass good title" to stolen goods.

But, the BAYC terms say they cant "seize, freeze, or otherwise modify the ownership" of their NFTs. Will be interesting to see if this goes to court - in theory if the current holder can be found and a court is willing to uphold this, they can be forced to transfer it back?

https://twitter.com/AkivaMCohen/status/1529276073896296453

Shumagorath
Jun 6, 2001
The absolute most charitable explanation for this is Seth setting the whole thing up for publicity and forgetting that being the Twitter main character is a fate worse than death.

Powershift
Nov 23, 2009


drk posted:

Interesting thread on schrodinger's ape.

Summary: the stolen ape was purchased on OpenSea, which per their own terms, is governed by the laws of NY, where a thief "cannot pass good title" to stolen goods.

But, the BAYC terms say they cant "seize, freeze, or otherwise modify the ownership" of their NFTs. Will be interesting to see if this goes to court - in theory if the current holder can be found and a court is willing to uphold this, they can be forced to transfer it back?

https://twitter.com/AkivaMCohen/status/1529276073896296453

Would this not open up every blockchain to be required to be edited in the case of theft?

in the case of theft, it would either have to be edited, or be inaccurate, both options entirely defeat the purpose.

ultrafilter
Aug 23, 2007

It's okay if you have any questions.


Some day--and hopefully some day soon--the blockchain is going to run afoul of GDPR. It's going to be a field day for this thread.

Shumagorath
Jun 6, 2001
just publish a block that says you've updated your privacy policy, bing bong so simple

Rad Russian
Aug 15, 2007

Soviet Power Supreme!

ultrafilter posted:

Some day--and hopefully some day soon--the blockchain is going to run afoul of GDPR. It's going to be a field day for this thread.

Wasn't there already a funnier use case with blockchains that stored user-submitted photos? i.e. someone could upload child porn into the blockchain and then instantly all blockchain users will have to store child porn on their computers in order to use/buy/sell the coin. Maybe it was some smart contract projects that were supposed to be used to sell art, pre-NFT craze. Anyway not sure if anyone ended up testing the theory or if all those projects have long ago exit scammed already.

Rad Russian fucked around with this message at 04:05 on May 25, 2022

drk
Jan 16, 2005

Powershift posted:

Would this not open up every blockchain to be required to be edited in the case of theft?

in the case of theft, it would either have to be edited, or be inaccurate, both options entirely defeat the purpose.

This specific example seems to only be in the context of sales on OpenSea - they aren't suggesting that this specific New York law applies to blockchains in general.

That being said, NY regulators have taken a fairly broad view of who NY law applies to, and similar laws probably exist in other states and countries.

Its a little less clear what would've happened if the sale had occurred by directly interacting with the smart contract without using a platform.

ultrafilter
Aug 23, 2007

It's okay if you have any questions.


Rad Russian posted:

Wasn't there already a funnier use case with blockchains that stored user-submitted photos? i.e. someone could upload child porn into the blockchain and then instantly all blockchain users will have to store child porn on their computers in order to use/buy/sell the coin.

I think that putting images on the blockchain is too expensive but there are absolutely URLs on the blockchain pointing to child porn.

kw0134
Apr 19, 2003

I buy feet pics🍆

No, the blockchain is legally merely a piece of evidence that suggests ownership but doesn't prove or demonstrate it. A court would merely order the current holder to return it to the person with actual good title and if that means the blockchain gets another transaction to show it going back to a wallet under Green's control, cool, otherwise the judge properly doesn't really give a poo poo what the blockchain says. The court order says who owns it.

fullroundaction
Apr 20, 2007

Drink beer every day
Is stealing an NFT even a crime? Or would the charge be how they obtained it and not actually have anything to do with the NFT itself

KakerMix
Apr 8, 2004

8.2 M.P.G.
:byetankie:

fullroundaction posted:

Is stealing an NFT even a crime? Or would the charge be how they obtained it and not actually have anything to do with the NFT itself

Since you can't own a link you can't exactly steal one either imho

Facebook Aunt
Oct 4, 2008

wiggle wiggle




Powershift posted:

Would this not open up every blockchain to be required to be edited in the case of theft?

in the case of theft, it would either have to be edited, or be inaccurate, both options entirely defeat the purpose.

The blockchain wouldn't need to be edited. If they can identify who is currently in possession of the stolen property that individual can be ordered to return it to the owner.

If someone steals your property and sells it to a third party, that third party does not become the legal owner, they are just the fool in possession of stolen property. RL artworks stolen by the nazis and lost for decades are still owned by the victim's heirs and can be ordered returned whenever they are found.

They might not be able to figure out the RL identity of the current holder of the token, but the token itself would be poison. NFTs have perfect provenance. For eternity anyone looking to buy this token will be able to tell it is the one stolen from Seth Green and legally considered stolen property. Anyone who can be identified can be brought before the the courts if they "buy" it.

Dr. Video Games 0031
Jul 17, 2004

fullroundaction posted:

Is stealing an NFT even a crime? Or would the charge be how they obtained it and not actually have anything to do with the NFT itself

That's a whole other can of worms. The instances of fraud and theft that have been tried in the crypto world have been tried using charges relating to money laundering, tax evasion, etc, and not theft or fraud itself, iirc.

Dr. Video Games 0031 fucked around with this message at 04:27 on May 25, 2022

Shumagorath
Jun 6, 2001
laws cover stolen goods not stolen demonstrable harms

Random Stranger
Nov 27, 2009



Powershift posted:

Would this not open up every blockchain to be required to be edited in the case of theft?

in the case of theft, it would either have to be edited, or be inaccurate, both options entirely defeat the purpose.

It's almost like immutable ledgers that can only be written to and are publicly accessible is a legal minefield and terrible idea.

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day
Bitcoin is the ultimate land of make believe. You believe you have money, you believe you have ape ownership, you believe that cryptoland will have questionable libertarian laws, and yet here you are, getting your drat apes stolen by the fiat courts after you hacked them fair and square.

Bitcoin is what happens when sovereign citizens write code.

Mercury_Storm
Jun 12, 2003

*chomp chomp chomp*

Rad Russian posted:

Wasn't there already a funnier use case with blockchains that stored user-submitted photos? i.e. someone could upload child porn into the blockchain and then instantly all blockchain users will have to store child porn on their computers in order to use/buy/sell the coin. Maybe it was some smart contract projects that were supposed to be used to sell art, pre-NFT craze. Anyway not sure if anyone ended up testing the theory or if all those projects have long ago exit scammed already.

there is a variant of bitcoin called "satoshi's vision" (LOL) that has big enough block size that images could be stored and this already happened

MechaCrash
Jan 1, 2013

A lot of the bullshit surrounding stolen apes is basically an object lesson in why possession is only nine tenths of the law.

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...
What is a buttcoin but

latinotwink1997 posted:

one of those exploding methane pockets, like this





Chef Boyardeez Nuts
Sep 9, 2011

The more you kick against the pricks, the more you suffer.
What's more fun is that while actual ownership may be divorced from "Blockchain listed ownership" the controversy surrounding this particular ape likely makes it's Blockchain listed ownership more valuable.

It will also be years and tens of thousands of dollars worth of legal headaches to sort it all out.

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

this is a loving Dark Wing Duck promo isn't it

WorldIndustries
Dec 21, 2004

i have a feeling he will quietly buy back the ape

drk
Jan 16, 2005

Booyah- posted:

i have a feeling he will quietly buy back the ape

Isn't it a crime to knowingly buy stolen goods?

I dont see why it would be enforced in this case but its still funny to think of

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

drk posted:

Isn't it a crime to knowingly buy stolen goods?

I dont see why it would be enforced in this case but its still funny to think of

sir

code is law

FCKGW
May 21, 2006

https://twitter.com/buttcoin/status/1529335472463310848?s=21&t=29rn02T3mxmVqVESYBYylA

The Saddest Rhino
Apr 29, 2009

Put it all together.
Solve the world.
One conversation at a time.



Lol at that last screenshot, talk about burying the lede

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...
https://twitter.com/KateClarkTweets/status/1529156984888430592?s=20&t=Zh2vJTou1ZDmYih38VSllQ
lmao

priznat
Jul 7, 2009

Let's get drunk and kiss each other all night.
loving hell some people deserve to be swindled.. Imagine letting the Neumanns run a scam on you, AGAIN. jfc.

Beartaco
Apr 10, 2007

by sebmojo

There's something about them running just a classic Nigerian prince scam that really tickles me. No bullshit ponzi schemes, no overvalued JPEGs, just a good old fashioned "Hello sir you have one million funny moneys sitting offshore please send us ten thousand funny moneys processing charge so we can release the funds to you".

The Butcher
Apr 20, 2005

Well, at least we tried.
Nap Ghost

fullroundaction posted:

Is stealing an NFT even a crime? Or would the charge be how they obtained it and not actually have anything to do with the NFT itself

I can go piss on a tree in a public space.

And I do, if I need to, or I just want to. This is technically a crime.

But if nobody sees me do it, or if I can run faster than the cops, it amounts to nothing.

I will steal your jay pegs. They are mine now. Report it on twitter, coward.

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thehandtruck
Mar 5, 2006

the thing about the jews is,
i love this thread

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