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€2.6M spent for a book at auction, believed they would own the IP

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Re: €2.6M spent for a book at auction, believed they would own the IP

#221

Post by Hokusai »

boole1854 wrote: post #215

This story is misinformation. It is a shame that so many are upvoting and spilling vitriol without properly vetting the information. In fact, the winners of the book auction do understand that they do not own the intellectual property. They have a goal of using their remaining funds to acquire the intellectual property. See https://www.buzzfeednews.com/article/amansethi/spicedao-dune... : > As things stand, Saqib sti…

If that is the case it shows how much investment money is running wild around. They spend 2.6 million in something that is not so important. It could also be a publicity stunt, but they look quite bad right now.

Re: €2.6M spent for a book at auction, believed they would own the IP

#222

Post by 5040 »

gilleain wrote: post #57
stnikolauswagne wrote: post #22

I made the mistake of diving a bit deeper into the group who bought it and found a proposal where they are talking about literally burning the book they just bought after digitizing it for … reasons I guess [0] At this point I just hope its some sort of practical joke or whatever because this just seems a bit much. [0] https://forum.spicedao.xyz/t/nft-of-the-book-w-proof-of-jpeg...

That's pretty insane. Oddly enough - the process in a library for digitising a copy of a book can be fairly destructive, as far as I understood from those doing it (at CUDL). The spine is chopped off, to make it easier to put it into a machine for scanning all the pages. The digital images can (should?) then be stored in a format that allows zooming, for example : https://cudl.lib.cam.ac.uk/view/MS-ADD-03967/1

>Oddly enough - the process in a library for digitising a copy of a book can be fairly destructive

Not that long ago, there was a very destructive push to convert old books to microfilm. I worry that not enough lessons were learned. Here's an interesting review of a book about the subject:

https://thefateofbooks.wordpress.com/2021/11/29/a-classic-tu...

Re: €2.6M spent for a book at auction, believed they would own the IP

#223

Post by kgwgk »

boole1854 wrote: post #215

This story is misinformation. It is a shame that so many are upvoting and spilling vitriol without properly vetting the information. In fact, the winners of the book auction do understand that they do not own the intellectual property. They have a goal of using their remaining funds to acquire the intellectual property. See https://www.buzzfeednews.com/article/amansethi/spicedao-dune... : > As things stand, Saqib sti…

> the winners of the book auction do understand that they do not own the intellectual property

Then maybe when they wrote

    We won the auction for €2.66M. Now our mission is to:
    
    1. Make the book public (to the extent permitted by law) 

    2. Produce an original animated limited series inspired by the book and sell it to a streaming service
they could have been more explicit about how #2 is as unlikely as it was before they won the auction.

Re: €2.6M spent for a book at auction, believed they would own the IP

#224

Post by beaconstudios »

Hokusai wrote: post #216
mschuster91 wrote: post #211

Earlier quoted context omitted.

> Whether it's about wealth, ideologies or any other aspect of lifestyle: Suddenly it's right there, dangled in front of them. And for what it's worth, what is considered "luxury" has become more and more accessible/affordable or is not a status symbol any more: 7-series BMW models can be leased for ~800€ a month, luxury watches have fallen out of fashion, expensive clothing items can be rented or you just go for the…

> what is considered "luxury" has become more and more accessible/affordable or is not a status symbol any more This seems to be the reality for many HN users. But not being able to buy a home or even pay rent seems quite common in the general population.

Yeah the tech bubble is one of the worse ones. 800eur/month is not even possible for most people, let alone pocket change.

Re: €2.6M spent for a book at auction, believed they would own the IP

#225

Post by Pasorrijer »

sp332 wrote: post #193
Pasorrijer wrote: post #170

Earlier quoted context omitted.

Not supporting crypto one way or another. But EVERY technical industry is full of jargon. "Did you verify that the RVSM system was talking to the FMS after completing the JIC during the RON?" - Aviation "Are you sure the packets are flowing on UDP? Can someone check the CAT6?" - Simple networking Etc. So I wouldn't say the jargon is constructed solely to keep outsiders out.

It's not only jargon, because a lot of it is used as watchwords or shiboleths.

I was referring specifically to the example above, or at least the jargon I've seen used. And EVERY community is going to have specific language or "Slang".

I mean, even the specific resume example above simply translates to "Worked as a Product Manager on moderately successful project, worked as a Project Manager on random project, consulted with highly successful marketing firm and extremely successfully and profitable co-operative consulting firm on business development. Likes to trade high-risk stocks, puts money into high-risk interest bearing accounts and likes to give random unsecured loans to strangers"

I understand there's a ton of bashing of crypto, but I think that looking at a unknown sub-cultures language and assuming that they are purposely using jargon antagonistic to outsiders is rather closed minded. As someone who dipped their toe in, but still doesn't understand, they have been extremely helpful in explaining the concepts even when I argue against them.

Re: €2.6M spent for a book at auction, believed they would own the IP

#226

Post by cyanotes »

jl6 wrote: post #158

For most of human history, people have lived in small, local information bubbles which were hard to penetrate with facts from the outside world. We see this manifest as the pre-industrial global patchwork of weird and wonderful religious/spiritual/cultural variety. Then somehow the world started to join up and information began to seep into local cultures and sweep away a lot of these pre-rational beliefs. And for a…

It’s happening because people subconsciously have learned the global system is compromised

Re: €2.6M spent for a book at auction, believed they would own the IP

#227

Post by kybernetikos »

sho_hn wrote: post #204
kybernetikos wrote: post #174

Earlier quoted context omitted.

I think it's access to broadcast media. When access to broadcast media was heavily gatekept, the official reality bubbles were few and strengthened everywhere. Now everyone has it, there can be far more bubbles. I also hope that we're in a transitional time as people get used to the new technology. I'm sure that it took people a while to understand how much they should believe newspapers or not when they first came a…

> War of The Worlds caused such a sensation when aired on the radio Today, the majority would dismiss the broadcast as nonsense, but a small, ardent minority would form a distributed, international community around taking it seriously that would then continue on for years and rip apart friendships and families, and potentially have sufficient critical mass to do something stupid. I feel the difference may be in the s…

I don't know enough biology to know if the metaphor is apt, but I think he's wrong. Small groups in isolation speciate faster, but that's not the same as evolving faster. I would expect that larger groups spanning many diverse ecological niches would feature greater diversity within the group and are able to explore more evolutionary avenues. Perhaps that's what we see intellectually as well.

Re: €2.6M spent for a book at auction, believed they would own the IP

#228

Post by f6v »

Waterluvian wrote: post #115

So many conversations here and on Twitter focus on laughing at these people. But I think the most likely explanation is that they’re not this stupid. That it’s some form of fraud.

I’ve been reading some crypto- and NFT focused Telegram channels. There’re many people who’d willingly “invest” into something like this.

Re: €2.6M spent for a book at auction, believed they would own the IP

#229

Post by boole1854 »

Hokusai wrote: post #221
boole1854 wrote: post #215

This story is misinformation. It is a shame that so many are upvoting and spilling vitriol without properly vetting the information. In fact, the winners of the book auction do understand that they do not own the intellectual property. They have a goal of using their remaining funds to acquire the intellectual property. See https://www.buzzfeednews.com/article/amansethi/spicedao-dune... : > As things stand, Saqib sti…

If that is the case it shows how much investment money is running wild around. They spend 2.6 million in something that is not so important. It could also be a publicity stunt, but they look quite bad right now.

My understanding is that purchasing the book is, among other things, supposed to be a publicity stunt that enables them to spur further interest in their project including convincing current IP holders that they are serious about producing new Dune-related content.

https://medium.com/@spicedao/roadmap-timeline-ae319c92505d

Re: €2.6M spent for a book at auction, believed they would own the IP

#230

Post by j4yav »

fmajid wrote: post #49
libertine wrote: post #29

Earlier quoted context omitted.

I came here to comment something in the likes of this, just to add it helps to understand not only the price of art NFTs but the dynamics of it. These "investments" are all backed up by some fantasy that works in their "realm" - like buying an avatar that will be used in "the metaverse", being the metaverse a collective fantasy and illusion. Just like these fellows are so emotionally invested in this fantasy that the…

To be fair, much of the art market is also smoke and mirrors. Witness Piero Manzoni's work: https://www.chron.com/life/article/Barry-Tate-s-taste-in-art...

Anti-art is actually a thing and kind of interesting, if also arguably also kind of dumb and pointless: https://en.wikipedia.org/wiki/Anti-art. It's sort of the equivalent of trolling in the art world, and is usually a meta-commentary on what it means for something to be art.

I wouldn't really say that it makes up much of the art market, though they always get a lot of news attention when they appear.

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