Earlier quoted context omitted.
What if monetary or material compensation was replaced with simple respect and appreciation though? As it is, the people who do the dirty jobs of society are often treated like they themselves are filth.
Then we would not be living in the same world with the same parameters as we are now.
The NFT market bubble has popped?
141–150 of 332 posts
Re: The NFT market bubble has popped?
#142NFTs are dumb however some of the NFT markets have one cool thing that I hope sticks around: the artist gets a cut of all future sales. If you sell your NFT art for $10 and then someone resells it for $1M, you will get some percentage of the $1M. We've all heard the stories of "collector buys 10 Jackson Pollock's for $10 in the 70s, sells the collection for $100M today". Wouldn't it be nice if the artist could benefi…
"If you sell your NFT art for $10 and then someone resells it for $1M, you will get some percentage of the $1M." Is this actually a feature of NFTs?
Re: The NFT market bubble has popped?
#143Earlier quoted context omitted.
1. If it is known from the start that this is how it works, you can just avoid those CDs. 2. CDs are copies, NFTs are sort of originals, so it's pretty different.
I think that the proper reason why CDs and NFTs are different is that NFTs are non-fungible. You can distinguish an early minted NFT by the wallet of the author of, say, an artwork and a late minted NFT with the same value made by someone else.
Re: The NFT market bubble has popped?
#144There are some legitimate use cases for NFTs but art is not one of them. The best use case I can think of is a kind of DNS domain name system. The domain name is an NFT; it's unique and it provides value as it can be integrated with various systems. The intrinsic value of crypto and NFT is in software integrations.
Re: The NFT market bubble has popped?
#145Earlier quoted context omitted.
They are ostracized or otherwise lose social status within the community. Functional human societies have existed and do exist in the absence of capitalism.
I do not know what definition of capitalism you are using, but I was strictly addressing the ability of society to function without compensation. I am not aware of any functional society exists today without the use of compensation on a notable scale, certainly not notable enough to be able to defend itself.
Re: The NFT market bubble has popped?
#146Earlier quoted context omitted.
Depends on the reason. You may be temporarily/long-term disabled. Or maybe you were having a really bad week and you'll be happy to take your turn next week (maybe you even said so in advanced and arranged to swap your shift with somebody else?). Or maybe you just don't care to exploit other people you live with, in which case you're free to go and do that elsewhere because that's the norm in all of capitalist societ…
Why would someone that wants to exploit other people leave a place that lets them exploit others? I’ll cut to the chase. My point is your concept of society does not work at scale. You will have people that want to use the system, you will need to use force and adjudicate in the system, and you will need something more than good vibes to serve as incentives.
Because we'll kick them out. I'm always up for doing things i don't particularly enjoy because there's value in them, but I certainly don't want to live with someone who treats me like a slave.
> you will need something more than good vibes to serve as incentives
Sure. But you'll probably concede that we live in a world run by psychopaths where children in schools are taught how to become psychopaths themselves. The first thing we teach children is "copying is cheating" and we're wondering why we're fucked? I'm not saying there's a time and place where everything will be perfect and we can all live happily ever after (i'm not a hippy), but there's very rational reasons for the ways everything around us is bad, and very rational courses of actions to fix those.
Abolishing property as State-mandated religion doesn't mean that some people won't have more than others (this would be ridiculous). But at least it would mean that nobody would sleep on the streets while there are empty homes, and nobody would starve while there is wasted food. Both ridiculous situations are the consequence of private property and require considerable amounts of force and resources to apply. It obviously is not working at scale, as we can see from environmental damage and previously-unimaginable levels of inequality.
Re: The NFT market bubble has popped?
#147Earlier quoted context omitted.
It makes no less sense than a painting. If you accept that an original painting has more value than a perfectly good copy, whilst being undistinguishable for anyone except a few experts, you should realize NFT's have the exact same arrangement, except 'originality' is determined by the blockchain instead of an expert.
Paintings have provenance. If you own a Da Vinci you're literally able to touch the canvas that the master himself touched. Your ownership will forever be apart of that works history, and it's yours to enjoy privately and exclusively whenever you want. It's an indulgence. Nobody will ask you in 20 years what it was like to own an NFT, because they can all have the exact same experience by just looking at the blockcha…
Re: The NFT market bubble has popped?
#148One thing I have noticed when listening to the interviews of NFT companies is that, when describing NFT is the future, the arguments from these founders are examples of people/artists made money by selling NFT online. It has become more and more a theme for cryptocurrency technology has well: the reason you should be in is that other people have made money rather than the benefit of the technology itself. It is not a…
Imho it stems from a lack of understanding and faith in the financial services industry, probably exacerbated by the financial crisis. A large % of people now believe that the finance industry only exists to work against them and make an elite minority rich. There's a strong sense of "Fuck You, I Got Mine" from the last generation, so the current generation is saying "Fine, I'm going to invent my own system... with B…
NFT is mostly driven by the elite, with common people acting as useful idiots to them by talking, tweeting, watching SNL skits about it.
Re: The NFT market bubble has popped?
#149Earlier quoted context omitted.
This has supported my trust in bitcoin from the very beginning. Why do you need NFT for money laundering when you can use cryptocurrency to achieve the same directly?
How do you launder money with bitcoin? With NFTs it's easy, you can just buy some ugly jpg for 1 m, then sell it to your shell company for 10 m.
Re: The NFT market bubble has popped?
#150I am hardly surprised. While Bitcoin maybe had theoretical uses as a currency a decade ago, the NFT hype never made any sense whatsoever to begin with.
I’ve yet to find a scenario in which a smart contract truly improves upon a traditional, centralized database solution, NFTs included. As long as the system relies on externally originated information for proper functioning, we’re back to the issues of trust the technology was intended to resolve. That is why digital currency actually still seems like the only appropriate application of the blockchain, although it ma…