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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

#271
post #190

Earlier quoted context omitted.

In the last ten years there has been a significant change in mainstream content from information (what) to personalities (who). A major driver has been the adoption of social media by the mainstream: Uncle Bob pawing his cell phone while on the toilet. Both closed circle SM (checking on your friends and acquaintances) and public facing SM (checking the influencers) have created a whole new, uncontrolled feeding groun…

> 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…

Well, the financing plans you use which make luxury "affordable" are more a symptom of our debt based economy and monetary policy. Most people expect it to crash at some point

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

#272
post #64

Earlier quoted context omitted.

You can't really put content on the blockchain, that costs a surprising amount because of all the proof-of-waste. What happens is people put the content on a host and the URL on the blockchain. I suppose in theory it could be kept in IPFS, but few NFTs seem to bother with that.

A handful of words can be copyrightable. The idea of copyrighted content being stored on a blockchain that thousands of nodes duplicate and offer freely is an interesting conundrum that your reply entirely sidesteps. I’m guessing it has happened already but I too am interested in the legal implications of this.

Legally it's not complicated: is it a copy? Is it permitted by the copyright owner? No? Then it's an infringing copy.

Actually doing something about it is a problem, as shown throughout the post-Napster era, but every node that serves an infringing copy is potentially liable.

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

#273
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 the continuing advancement of post-reality into more and more of people's existence. Back twenty years ago when we were all just dipping our toes into the Internet, the majority of our existence was still rooted in traditional society. You might dig around on the Web and find "conspiracy" discussions, but you knew that these topics wouldn't pass the bar for conversation with your family and friends, so you just compartmentalized them. Eventually you either found a way to process the grains of truth in such thoughts (eg the military industrial complex didn't "do" 9/11, but they greatly benefited from it), or you kept on compartmentalizing those thoughts until you forgot about them for whatever reason. Now most of our social interactions are online, and at the very least mediated by online communities. When you run across some outlandish theory, it's easy enough to share it, even if you editorialize a bit to soften the blow- "does anyone think this might be true", "sounds crazy but I'm just passing it on", etc. You don't have to leave the post-reality environment, so it never even occurs to you to temper it down a bit to avoid being the crazy person (coupled with people's lack of physical empathy when communicating through text. I suspect us early Internet citizens are more reflective here, because we learned to overcompensate with left-brained sympathy early on, before pictures supplied a substitute empathy signal). Additionally, most of this communication is done through third party intermediaries whose main metric is to maximize "engagement", and so they'll amplify the signal to those who are receptive, and hide it from those who would shun you because of it.

Furthermore, I characterized our previous existence as "traditional society", but it really wasn't that either. Rather it was a different post-reality as mediated by broadcast media, progressed to be owned by a handful of corporations. This kept us all on the same page and working for common goals, even if the goals weren't necessarily in our own interests (eg widening wealth gap, elective wars). That is what passed for the traditional zeitgeist that we were steeped in, and everyone accepted it because of the massive social proof from The Important People on TV. Now looking back, we can see that the traditional zeitgeist was not in our interest either, and so it does not offer a compelling focus point to return to. And so we're just kind of lost and rudderless, looking for new directions to suspend our disbelief for.

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

#274
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…

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…

> And it's laughable to people now that War of The Worlds caused such a sensation when aired on the radio

But it didn't:

https://slate.com/culture/2013/10/orson-welles-war-of-the-wo...

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

#275

Earlier quoted context omitted.

8K seems plenty when you can do your "work" from anywhere in the world (and probably have a good reason to not be too easy to find by your scam victims)

All the GAFAM engineers sweating heavily right now.

*MAAAM

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

#276
post #61

Earlier quoted context omitted.

"Decentralized" means "out of the reach of law enforcement". Or at least that's what these people treat it as.

Hey that's pretty unfair, I was just chastised a couple days ago for implying the killer use case for the blockchain was criminality!

Hey now, its not criminality, its jurisdictional arbitrage

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

#277
post #27
post #7

Earlier quoted context omitted.

Sounds like a great way to launder money

Spending €2.6M on something worth €26,000? Sounds like a crappy return to me.

Auctions always sell for exactly what the item is worth.

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

#278

How did it sell for 10x of the expected auction price? I understand that they thought they were buying the IP, but who was bidding against them? I guess I'm asking if the seller or another party could see their publicly available bidding strategy and pushed the price up knowing their limits?

*100x. One of the other threads mentioned that they had to post their maximum bid publicly in a blockchain somewhere as part of the “dao” before the auction, so someone could easily have seen what they were willing to bid, and just bid them up to it.

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

#279

Who was the other bidder(s) I wonder that allowed them to buy it so high

This guy apparently: https://twitter.com/productnerd/status/1462889815872004101

> https://twitter.com/productnerd/status/1462889815872004101

No. He underestimated the final price by 2M, which means he offered ~660k.

I watched the auction, there was one person from Colorado (possibly the DAO creator), and another person from Europe.

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

#280
post #12

> 1. Make the book public (to the > extent permitted by law) Extra dumb: A big chunk of it is already online. https://photos.google.com/share/AF1QipNGBuasYa_WETf7sF6Q9W3S... Seems like NFT logic in reverse, lol

> Extra dumb: A big chunk of it is already online Let's not pretend some low quality jpegs in a Google Photos album is an acceptable archive for this work.

Yeah the fact that a copy of this book isn't publicly available in a museum is a tragedy
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