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Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
Look my bored ape with yellow fur, a striped shirt, base ball cap, and blue background is COMPLETELY different from the one with yellow fur, a striped shirt, base ball cap, and green background.

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tyrelhill
Jul 30, 2006
blue background apes are projected to rise in price by 5x over the next 2 years tho

cagliostr0
Jun 8, 2020
Wasn't Beiber part of the celeb gaggle who were represented by the same talent agency as the nft outfit so he never actually bought it, they just used him for marketing

happyhippy
Feb 21, 2005

Playing games, watching movies, owning goons. 'sup
Pillbug

WithoutTheFezOn posted:

I realize the subject we're talking about here, but how exactly do you calculate the value of a unique item that no one has ever bought? Are there standing offers that the owner never accepts?

Some NFTs stated a list of rare items that may or may not appear in them when they generated them at some future launch date when they go live, or 'Minting' as they call it.

Like 2% will have a purple green blue crack pipe
0.05% it will have a gold halo.
0.00001% it will have a spinning penis.
0.00000000001% it will have spunking cock apes.

Then when they 'generated' 10000 of them, one may have one of the above, so they can claim its really really really really rare, so worth 100000 ETH.

And the suckers would buy these ones.

more falafel please
Feb 26, 2005

forums poster

cagliostr0 posted:

Wasn't Beiber part of the celeb gaggle who were represented by the same talent agency as the nft outfit so he never actually bought it, they just used him for marketing

Yeah it was one particular agent at CAA iirc

MisterOblivious
Mar 17, 2010

by sebmojo
https://twitter.com/smoothmedia/status/1677026549500088324

statim
Sep 5, 2003
My best friend / housemate might have gotten sucked into the apes. He started getting very weird last few weeks and I know its about one of his 'investments'
At a minimum its crypto of some type from what I've got out of him. I had a warning talk last year about this but he didn't seem to grok.

I've been worrying he might have blown our house money, but no fear! He has a new plan:

....drop shipping mattresses in Brazil

syntaxfunction
Oct 27, 2010
Why the gently caress would you let him handle the money for the house?

statim
Sep 5, 2003
eh, well we actually live in Brazil and I don't have the citizenship/papers to take control. Four years with him and he's personally honest to a fault, just he got brainwormed last year on this ridiculousness.

I thought it would be a passing thing and he stopped mentioning it after I yelped at him with the whole it's a scam/casino speech. Now it seems he is out at least 60k and that's dollars not reals.

But it ain't so bad, at worst he goes crawling to his (also Brazilian) family for a bail out. Really it's more loving up my personal equilibrium since he's become a jittery annoying mess and I gotta deal with the emotional side of it.


On topic: It's amazing here to see these get rich quick schemes from years ago get recycled for an international market. The only twist is they brag about being from the US as if that's a standard of respectability.

Alan Smithee
Jan 4, 2005


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

Enthusiasms, enthusiasms...

statim posted:

eh, well we actually live in Brazil and I don't have the citizenship/papers to take control. Four years with him and he's personally honest to a fault, just he got brainwormed last year on this ridiculousness.

I thought it would be a passing thing and he stopped mentioning it after I yelped at him with the whole it's a scam/casino speech. Now it seems he is out at least 60k and that's dollars not reals.

But it ain't so bad, at worst he goes crawling to his (also Brazilian) family for a bail out. Really it's more loving up my personal equilibrium since he's become a jittery annoying mess and I gotta deal with the emotional side of it.


On topic: It's amazing here to see these get rich quick schemes from years ago get recycled for an international market. The only twist is they brag about being from the US as if that's a standard of respectability.

sorry your vibes portfolio is down

for fucks sake
Jan 23, 2016

I had a look on web3isgoinggreat but couldn't see anything about ape liquidation. Could some kind soul catch me up? I haven't been following this stuff for about six months, just after the NFT bubble popped and a bunch of exchanges collapsed.

There Bias Two
Jan 13, 2009
I'm not a good person

for fucks sake posted:

I had a look on web3isgoinggreat but couldn't see anything about ape liquidation. Could some kind soul catch me up? I haven't been following this stuff for about six months, just after the NFT bubble popped and a bunch of exchanges collapsed.

It was just one guy on twitter

DominoKitten
Aug 7, 2012

Yeah, from what I understand people would take out crypto loans using their apes as collateral, but if the market for apes fell below a certain value the loan protocol liquidates the NFT. And the NFT market has crashed hard, so.

Collateral Damage
Jun 13, 2009

So they're still in debt but their ape is gone.

WithoutTheFezOn
Aug 28, 2005
Oh no

Collateral Damage posted:

So they're still in debt but their ape is gone.
No usually the lender takes the asset and the loan is wiped clean. Happens with stocks, too.

notwithoutmyanus
Mar 17, 2009
It looks like cipher is going great too. With the explicit money laundering. How well is it going? Well, price completely dumped. People want more suckers to buy, but there aren't any. This in some private chat I'm not a part of where this discussion is happening.

https://pasteboard.co/CGUI20MJ1400.jpg

novamute
Jul 5, 2006

o o o

deep dish peat moss posted:

Wasn't there a whole scam where someone was listing fake apes that tricked these bots into buying them thinking they were real apes? I remember some headline or article where someone autobought an ape for like $1 million and was disappointed to learn it was a fake ape, and the takeaway from the article at the time was that absolutely nothing could be done to prevent it and NFT-holders should expect to lose at least part of their portfolio to scams.

I think you're probably thinking of bots auto buying low priced apes that were actually stolen/hacked and then getting stuck with them after the original owner publicly admits they were owned and that particular ape is banned from being listed on the more reputable NFT marketplaces. Not sure how much that actually changes anything, I'd expect they just unload it at floor price on a less "reputable" platform anyway.

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.
I'm not very good with finance stuff but everything NFT/crypto related really does seem to be a bizarre, sketchy Rube Goldberg machine at the best of times even by comparison, and even when it's not just stealing everything it can because you clicked on a thing.

Squiggle
Sep 29, 2002

I don't think she likes the special sauce, Rick.


Ghost Leviathan posted:

I'm not very good with finance stuff but everything NFT/crypto related really does seem to be a bizarre, sketchy Rube Goldberg machine at the best of times even by comparison, and even when it's not just stealing everything it can because you clicked on a thing.

Well you're certainly better than some

EMoney
Jul 19, 2004
Ordinals and now AI holding/transacting w/ BTC...I like how Bitcoin is starting to relax a little and stretch its legs a little during this bear market...the synergy between AI agents performing tasks, getting paid with microtransactions/smart contracts/BTC on digital cryptographically secured rails is going to open up some very novel use cases in the coming years.

" Bitcoin Lightning Network development firm Lightning Labs unveiled a new set of tools for artificial intelligence (AI) to send and receive Bitcoin
BTC on the network’s layer-2 solution. Crypto WILL bank the unbanked...the unbanked AI agents that will naturally want to transact in digitally native value.

On July 6, Lightning Labs announced the toolkit which helps enable AI applications such as OpenAI’s ChatGPT to interact with the Bitcoin network to send, receive and hold the cryptocurrency.

The move is to help make payments faster, cheaper and easier for AI developers who will be able to distance themselves from traditional and often prohibitive payment rails while also enabling pay-per-use AI models on lightning.

Large language models (LLMs) are software applications modeled on large data sets enabling them to generate human-like responses to user prompts and conduct other tasks.

“We’re extremely excited about the new wave of innovation brought about with the latest wave of LLM models,” Lightning Labs said.

https://cointelegraph.com/news/lightning-labs-tools-let-ai-transact-hold-bitcoin

ynohtna
Feb 16, 2007

backwoods compatible
Illegal Hen
So you see, officer. It wasn't me who purchased all that darknet contraband, it was my room mate, the artificial intelligence in the corner.

Powershift
Nov 23, 2009


ynohtna posted:

So you see, officer. It wasn't me who purchased all that darknet contraband, it was my room mate, the artificial intelligence in the corner.

I'm pretty sure there was some libertarian dickbag who actually tried that like 10 years ago.

kw0134
Apr 19, 2003

I buy feet pics🍆

Yeah, that's a good example of what morons who substitute rational thought with buzzword-filled gibberish try to hoist on people who don't know better and

touches earpiece

Oh. You actually believe this? Oh. Oh dear.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Powershift posted:

I'm pretty sure there was some libertarian dickbag who actually tried that like 10 years ago.

Yeah, they did it as an art exhibition and it turns out if you flagrantly display all the illegal stuff you bought on line, just saying that the computer did it doesn't get you out of trouble.

HappyHippo
Nov 19, 2003
Do you have an Air Miles Card?

EMoney posted:

I like how Bitcoin is starting to relax a little and stretch its legs a little during this bear market

These words literally mean nothing

deep dish peat moss
Jul 27, 2006

EMoney posted:

Ordinals and now AI holding/transacting w/ BTC...I like how Bitcoin is starting to relax a little and stretch its legs a little during this bear market...the synergy between AI agents performing tasks, getting paid with microtransactions/smart contracts/BTC on digital cryptographically secured rails is going to open up some very novel use cases in the coming years.

" Bitcoin Lightning Network development firm Lightning Labs unveiled a new set of tools for artificial intelligence (AI) to send and receive Bitcoin
BTC on the network’s layer-2 solution. Crypto WILL bank the unbanked...the unbanked AI agents that will naturally want to transact in digitally native value.

On July 6, Lightning Labs announced the toolkit which helps enable AI applications such as OpenAI’s ChatGPT to interact with the Bitcoin network to send, receive and hold the cryptocurrency.

The move is to help make payments faster, cheaper and easier for AI developers who will be able to distance themselves from traditional and often prohibitive payment rails while also enabling pay-per-use AI models on lightning.

Large language models (LLMs) are software applications modeled on large data sets enabling them to generate human-like responses to user prompts and conduct other tasks.

“We’re extremely excited about the new wave of innovation brought about with the latest wave of LLM models,” Lightning Labs said.

https://cointelegraph.com/news/lightning-labs-tools-let-ai-transact-hold-bitcoin

I'm having a hard time conceptualizing what a hilariously bad idea it is to handle metered usage on any product through payments in a currency with an absurd amount of volatility, like this is probably the single worst cryptobro scheme I've ever heard.


e: I guess it's the same thing as Eth gas fees which are also hilariously, unbelievably bad and poorly handled.

EMoney
Jul 19, 2004
AI agents will want to transact with secure digital value...this is not that controversial a statement but I can understand if a decaying Boomer mind can't summon just a moment of creative thought to imagine how this future is coming.

LLM's became the fastest adopted apps ever and the largest global asset manager in the world just declared on live mainstream TV that BTC is an "international asset" and "digital gold"...if you don't think these two technologies won't synergize at some point, you are in for a bumpy ride.

Presto
Nov 22, 2002

Keep calm and Harry on.
What I got from that is that the future will just be AI bots constantly scamming each other.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

EMoney posted:

AI agents will want to transact with secure digital value

you do know that "Al"s don't have a will and wants right? they're not people

titty_baby_
Nov 11, 2015

EMoney posted:

AI agents will want to transact with secure digital value...this is not that controversial a statement but I can understand if a decaying Boomer mind can't summon just a moment of creative thought to imagine how this future is coming.

LLM's became the fastest adopted apps ever and the largest global asset manager in the world just declared on live mainstream TV that BTC is an "international asset" and "digital gold"...if you don't think these two technologies won't synergize at some point, you are in for a bumpy ride.

Source your quotes

deep dish peat moss
Jul 27, 2006

Boxturret posted:

you do know that "Al"s don't have a will and wants right? they're not people

don't expect people in crypto to have even the tiniest sliver of technical knowledge about the systems they have grand plans to disrupt

if they understood technology, they wouldn't be in crypto

EMoney
Jul 19, 2004

Boxturret posted:

you do know that "Al"s don't have a will and wants right? they're not people

Ohhh, you don't even understand that task-driven AI agents are a thing?...I'll let you understand it on your own...every technological revolution needs the late laggards. Good luck.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

EMoney posted:

Ohhh, you don't even understand that task-driven AI agents are a thing?...I'll let you understand it on your own...every technological revolution needs the late laggards. Good luck.

so you think Al is people then, cool

Serious_Cyclone
Oct 25, 2017

I appreciate your patience, this is a tricky maneuver
If you're too much of a neanderthal to understand the innovative foundation of the new legging print based economy, I'm afraid you'll just have to be educated by the school of hard knocks while the rest of us Lu La Raugh all the way to the bank! *YOSTLO!


* You Only See These Leggings Once, for the uninitiated

SettingSun
Aug 10, 2013

I'm imagining a dark future where an ai agent can autonomously take out a loan to continue its bitcoin gambling and instead of paying it back, deletes itself.

more falafel please
Feb 26, 2005

forums poster

EMoney posted:

AI agents will want to transact with secure digital value...this is not that controversial a statement but I can understand if a decaying Boomer mind can't summon just a moment of creative thought to imagine how this future is coming.

LLM's became the fastest adopted apps ever and the largest global asset manager in the world just declared on live mainstream TV that BTC is an "international asset" and "digital gold"...if you don't think these two technologies won't synergize at some point, you are in for a bumpy ride.

there are not "AI agents" there are computer programs that do specific things. some computer programs take input data like market conditions and history, compare it against a model, and make transactions based on them. this is how finance has worked for like 30 years, whether that model is hardcoded by humans or the program is creating its own model through numerical analysis. there are wide-scale, secure, stable, well-understood methods for computer programs to transact all number of assets including currencies, none of which involve an armored truck moving paper bills from place to place. money has been primarily digital for most if not all of my life. there is absolutely no reason "an AI" (read: the people in charge of a startup) would "want" to transact with bitcoin over assets like, say, united states dollars. united states dollars have a couple advantages: you can pay united states taxes with them, and the united states government pays its military with them to keep the united states of america a global superpower. bitcoin is backed by ~vibes~, it's no more a store of value than a fireplace is a store of wood.

please learn literally anything about economics, finance, or technology.

deep dish peat moss
Jul 27, 2006

The real reason why that project will fail is that no one wants AI tools with metered usage. And as usual, the Bitcoin crowd is a few years behind the curve and they haven't realized that everyone switched to locally-run models or cheap monthly subscription-based models where they pay $20-30 month for unlimited usage. I would expect metered usage paid in crypto to sometimes cost $20-30 for one single prompt, with no way for the user to know the cost beforehand because the price changes are so volatile they will happen during the time that your payment is processing.

LanceHunter
Nov 12, 2016

Beautiful People Club


Somebody posted a demo video of this on Twitter:

https://twitter.com/DocumentingBTC/status/1677402198458679296?s=20

The demo is you paying a ChatCPT clone so it will reply to you.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

EMoney posted:

I like how Bitcoin is starting to relax a little and stretch its legs a little during this bear market

I just want to quote this line again because its really really good.

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Impossibly Perfect Sphere
Nov 6, 2002

They wasted Luanne on Lucky!

She could of have been so much more but the writers just didn't care!
Don't let these people know that Zapier exists.

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