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Barreft
Jul 21, 2014

The end game is to make the rich richer. C'mon no one wants this poo poo but shareholders and people looking to cash in on complete idiot techbros before this bubble finally collapses.

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Anora
Feb 16, 2014

I fuckin suck!🪠

Hub Cat posted:

lol
Crypto reinventing capitalism speedrun chugs on
https://twitter.com/NFTethics/status/1486077323317235715?s=20

This is just Kickstarter again, except instead of getting Bloodstained and Hollow Knight, you get nothing, ever.

Barudak
May 7, 2007

Anora posted:

This is just Kickstarter again, except instead of getting Bloodstained and Hollow Knight, you get nothing, ever.

Yes, and it is hilarious every single time.

I just mentally replace "we are making an mmo" with "we will make you 14 again" because its what they want and both are equally likely to happen.

Dark_Swordmaster
Oct 31, 2011

Anora posted:

This is just Kickstarter again, except instead of getting Bloodstained and Hollow Knight, you get nothing, ever.

Quite literally a tweet from the last couple of pages.

Hub Cat
Aug 3, 2011

Trunk Lover

Crossposting this from somewhere, I think the Industry thread. He was among other things basically one of the architects behind Valve's economy

Yanis Varoufakis on Crypto & the Left, and Techno-Feudalism

Yanis Varoufakis posted:

Do I think that NFTs have subversive potential? Let’s see. In a digital environment, NFTs are like all other commodities. They reflect the triumph of exchange value (with which capitalism trounced experiential or use value) within a metaverse (Valve-like or Zuckerberg-style). In that sense, NFTs offer nothing new within digital worlds, except perhaps that they turbocharge the ideology of capitalism (exchange value rules supreme). In the analogue world, NFTs have value only to the extent that bragging rights offer utility to those who care for them. Even though in so doing, they force outfits like Sotheby’s and Christie’s (which used to monopolise the trade in bragging rights) to change their ways, NFTs in no way subverts the structure of property rights creating and underpinning the oligarchy’s exorbitant power over the many.

So, no, I see little radical potential from NFTs. Having said that, a good, future, liberal techno-communist society may find ways of using them as part of a broad network of technologies helping us keep records of our identities, property, etc.

Chillgamesh
Jul 29, 2014

It happened about a month ago but Peter Molyneux apparently raised like $54 million to make an NFT game and I can't think of any way more succinct to describe what marks crypto "investors" are than that

Hub Cat
Aug 3, 2011

Trunk Lover

More accurately he raised $54 million worth of crypto selling digital land plots in his game which he may or may not have been actually able to cash out at that value.

Hub Cat fucked around with this message at 07:44 on Jan 29, 2022

Dark_Swordmaster
Oct 31, 2011
The notion of keeping records on the blockchain has repeatedly been pointed out as one of the worst ideas imaginable.

Things To Imagine On A Public Ledger Forever:
-medical records
-legal records
-being doxxed
-previous identities/deadnames
-your nude photos

Deltasquid
Apr 10, 2013

awww...
you guys made me ink!


THUNDERDOME

Dark_Swordmaster posted:

The notion of keeping records on the blockchain has repeatedly been pointed out as one of the worst ideas imaginable.

Things To Imagine On A Public Ledger Forever:
-medical records
-legal records
-being doxxed
-previous identities/deadnames
-your nude photos

- Breaches of IP law (love 2 copy-paste entire books on the blockchain)
- revenge porn
- literally any kind of national security information put there by spiteful ex-NSA employees

Trickyblackjack
Feb 13, 2012

Deltasquid posted:

- Breaches of IP law (love 2 copy-paste entire books on the blockchain)
- revenge porn
- literally any kind of national security information put there by spiteful ex-NSA employees

Revenge porn is abhorrent, but other than that it's true you do bring up some great points on why NFTs can be good.

fez_machine
Nov 27, 2004
Zarf, maker of some great text adventures and the guy who transformed Mafia into Werewolf, with a good short essay on the dystopic gamer culture implications of pay to earn

https://blog.zarfhome.com/2022/01/play-to-harass-to-earn.html

ultrafilter
Aug 23, 2007

It's okay if you have any questions.


https://twitter.com/natethenate/status/1487512103925678080

repiv
Aug 13, 2009

Chalk up another publisher

https://twitter.com/Nibellion/status/1488130964849049600

https://twitter.com/eurogamer/status/1488149966170300416

https://twitter.com/AggroCrabGames/status/1488224784760459266

Ghostlight
Sep 25, 2009

maybe for one second you can pause; try to step into another person's perspective, and understand that a watermelon is cursing me



Aggro Crab best crab.

Barreft
Jul 21, 2014

https://www.youtube.com/watch?v=A7MaoD4tJuc

fuckin love this poo poo

FishMcCool
Apr 9, 2021

lolcats are still funny
Fallen Rib

Lol. Crypto and streamer culture were a match made in heaven.

raditts
Feb 21, 2001

The Kwanzaa Bot is here to protect me.



So let me get this striaght: a guy with a history of scamming, said on video that he wanted to make a crypto coin to scam people, then proceeded to make said crypto coin, and people that bought in are surprised they got scammed?

Philman
Jan 20, 2004

is that the guy with the csgo gun skin gambling website that never actually paid out?

Hub Cat
Aug 3, 2011

Trunk Lover

I think the real interesting part there is him taking advantage of the skeptics and using them to launder his reputation. By directly appealing to his presumed worst critics he was able to leverage unearned credibility and use that to pull off his scam, he quite literally wouldn't have been able to do it without them.

I think there is a lesson there and another good reminder that nobody is immune to propaganda

Philman posted:

is that the guy with the csgo gun skin gambling website that never actually paid out?
Nah looks like that was different guys

Hub Cat fucked around with this message at 00:36 on Feb 2, 2022

Hub Cat
Aug 3, 2011

Trunk Lover

Anyways Team17 pulled their NFT project lol
https://twitter.com/Team17/status/1488618187109408780?t=2URNfvVlj4QzAbUO6stQdg&s=19

Dark_Swordmaster
Oct 31, 2011
Hold on, maybe this NFT bro is right!

https://twitter.com/tomsky/status/1488627736381902852

Ghostlight
Sep 25, 2009

maybe for one second you can pause; try to step into another person's perspective, and understand that a watermelon is cursing me



the luddites smashed machines that were often being installed for the express purpose of firing or forcibly lowering the wages of a highly skilled workforce with no social safety net and very few other options for employment.

Grondoth
Feb 18, 2011

Ghostlight posted:

the luddites smashed machines that were often being installed for the express purpose of firing or forcibly lowering the wages of a highly skilled workforce with no social safety net and very few other options for employment.

'The luddites were right' was one of the craziest things I learned. They didn't hate technology, they just didn't want the machines to replace labor because the workers didn't own them.

RPATDO_LAMD
Mar 22, 2013

🐘🪠🍆
The luddites should have smashed capitalists instead of smashing machines.
In a sane world inventing a machine that means you don't have to work anymore would be a good thing.

NicelyNice
Feb 13, 2004

citrus
Maybe I'm late to the party, but this Axie Infinity game is an absolutely insane scam, and I say that on top of the already insane scam that is everything crypto. They actually realized the the "pay-to-earn" and "we own what we collect in the game, for real man" concept that NFTs in gaming evangelists keep spouting to unsurprising results. You buy a team of Pokemon NFTs using crypto and can battle them or whatever to earn a token that can be traded on exchanges or used in the game.

Since the game is hot garbage, this creates two classes of people "playing" it - those who are at the top of pyramid scheme and idiots who joined in to "invest" into it (of course, nobody is playing the game for real). Axie Infinity's real innovation, though, is that in addition to the two usual crypto suspects listed above, you can have somebody else play your team (a "scholar" on a "scholarship") and take a portion of the tokens earned in gameplay - a brand-new indentured servant type model on the crypto game.

Of course, nobody is playing this game for fun, so all of the "scholars" are people from the Philippines or Argentina where the money earned from the token can cover living expenses. So now you have some kind of weird virtual colonial hellhole, which is terrible in itself, but only wild speculation from morons is keeping the prices of these tokens afloat. Again, nobody is playing this game for fun (and hence spend money on it), so it only goes as far as the pyramid scheme can hobble along before it topples, which is what is happening now, and the price of everything falls the floor.

This is the endgame for all crypto games - yeah, you "own" it or whatever, but it's absolutely worthless, because there's zero innovation that NFTs can offer gaming beyond what centralized exchanges (like the Diablo 3 real money auction house or Steam trading), which have had absolutely mixed results. Nobody is gaining any value from actually playing the game, so it's a zero-sum game where your profit depends on where you entered the scheme.

Phetz
Nov 7, 2008

Daddy like...
Fun Shoe
Oh yeah I learned about Axie Infinity from the Line Goes Up video which devotes a whole chapter to it as a case study of the play-to-earn scam. There's a bit at the end of the segment where he shows a tweet by one of the Axie Infinity pit-bosses basically cracking the whip at her players to make their quota and it was pretty loving grim.

Tanreall
Apr 27, 2004

Did I mention I was gay for pirate ducks?

~SMcD
Axie's token (SLP) is worthless. The top mark of the graph is $0.3642 and the current price is $0.009452.



Checking the reddit for Axie you can see posts like these as well.

Tanreall fucked around with this message at 19:10 on Feb 2, 2022

RPATDO_LAMD
Mar 22, 2013

🐘🪠🍆
Another important detail: the currency you earn by paying is called Small Love Potions. The only use of SLP is spending a chunk to breed two of your pokemans together and create a new one. Selling that new axie to a new prospective player / whip-cracker is the only way new realmoney actually enters the system. So the price of the SLP that these Pinoy goldfarmers are paid in can only stay stable if there are constant new realmoney buy-ins from new players -- exponential growth.

Much like an IRL ponzi scheme, old investors are only paid with the money from new investors buying in, so the second it stops growing exponentially the profits dry up and it collapses.

Instruction Manuel
May 15, 2007

Yes, it is what it looks like!

Phetz posted:

Oh yeah I learned about Axie Infinity from the Line Goes Up video which devotes a whole chapter to it as a case study of the play-to-earn scam. There's a bit at the end of the segment where he shows a tweet by one of the Axie Infinity pit-bosses basically cracking the whip at her players to make their quota and it was pretty loving grim.

I want to link that part because drat also, lol his response to the "pit boss"

https://www.youtube.com/watch?v=YQ_xWvX1n9g&t=6328s

huh
Jan 23, 2004

Dinosaur Gum
enn-eff-tee just rolls of the tongue so nicely. It can't be bad.


edit to add: the greatest thing NFTs contributed is the word "fungible" into the general vernacular.

Hub Cat
Aug 3, 2011

Trunk Lover

Gamestop continues its NFT plans by partnering with Immutable:
https://twitter.com/Immutable/status/1489209166010847232?s=20&t=bEOWHS5Mz3RRExHLOYpNqg

Left 4 Bread
Oct 4, 2021

i sleep
NFTs make me sad

that's all

FishMcCool
Apr 9, 2021

lolcats are still funny
Fallen Rib

Odd Wilson posted:

NFTs make me sad

that's all

Could I interest you in a €500 link to a JPG of homeopathic pills for sadness?

Hub Cat
Aug 3, 2011

Trunk Lover

Checking in on Web3 sounds like everything is going great
Mark Zuckerberg’s ‘metaverse’ business lost more than $10 billion last year, and the losses keep growing
How Facebook Is Morphing Into Meta

NYT posted:

Many employees showed their enthusiasm using heart emojis. But in one private chat for engineers, which was reviewed by The Times, one employee wrote: “Who is the elephant in the room who is going to ask how all of it works? Not it.”

Mr. Zuckerberg showed off his idea of the metaverse in October, with his digital avatar playing cards with the avatars of others — plus a robot — in the virtual world

Seems like every throw money at the problem to "find the fun/product" process-less horror story I've ever heard

Hub Cat fucked around with this message at 01:22 on Feb 4, 2022

IShallRiseAgain
Sep 12, 2008

Well ain't that precious?

Hub Cat posted:

Checking in on Web3 sounds like everything is going great
Mark Zuckerberg’s ‘metaverse’ business lost more than $10 billion last year, and the losses keep growing
How Facebook Is Morphing Into Meta


Mr. Zuckerberg showed off his idea of the metaverse in October, with his digital avatar playing cards with the avatars of others — plus a robot — in the virtual world

Seems like every throw money at the problem to "find the fun/product" process-less horror story I've ever heard

Its just Second Life and Playstation Home all over again, except Metaverse also needs an expensive VR headset. Oh, and it will steal as much personal data as it can.

Dark_Swordmaster
Oct 31, 2011
Having spent the last month playing VRChat: Why the gently caress do I need a worse version of that? One that can, will, and I may not even need to interface with to steal my data?

kliras
Mar 27, 2021
PlayStation Home was released back in 2008. It's just amazing that FB are trying so hard to make the VR metaverse at thing.

Barreft
Jul 21, 2014

kliras posted:

PlayStation Home was released back in 2008. It's just amazing that FB are trying so hard to make the VR metaverse at thing.

I still wouldn't doubt it being a success. People are loving stupid. Musk is the richest person ever in history. Humans are just dumb as poo poo and we'll never evolve past it. Luckily we're doing our best to make ourselves extinct.

Hub Cat
Aug 3, 2011

Trunk Lover

Second Life at least had the courage to be wildly chaotically stupid and weird.

There is no chance Meta is going to allow Zuckerberg to be attacked by a bunch of flying dicks and for that, it belongs in the garbage

Hub Cat fucked around with this message at 02:30 on Feb 4, 2022

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Complications
Jun 19, 2014

Hub Cat posted:


Mr. Zuckerberg showed off his idea of the metaverse in October, with his digital avatar playing cards with the avatars of others — plus a robot — in the virtual world

Seems like every throw money at the problem to "find the fun/product" process-less horror story I've ever heard

But Tabletop Simulator already has VR support.

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