One of my goals in life is to produce the anime version of Dune. (I don't care from money or rights, I'd do it underground and release it for free.) The thing is, I want to follow the book as closely as possible. No interpretation or modification, just a visual translation of what Frank Herbert wrote.
€2.6M spent for a book at auction, believed they would own the IP
301–310 of 398 posts
Re: €2.6M spent for a book at auction, believed they would own the IP
#302How 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.
I don't think that's true. From Buzzfeed article, it looks like a 25 year old crypto millionaire bid on this, and the SpiceDAO raised $12 million after the fact and are going to reimburse him (and use the rest of the funds for this derivative work)
Re: €2.6M spent for a book at auction, believed they would own the IP
#303For 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…
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
#304My favorite part of this story is that they DAO has actually raised ~$8m, spent $3m on the book (10x the expected auction price), then the "core team" has started paying themselves ~$30k a month[0]. Also, how is this "decentralised" when one person owns over 50% of the voting token? [0] https://snapshot.org/#/dunedao.eth/proposal/0x2038fc240d0e85...
why did they spend so much for it, I cant seem to find that out. Was that their opening bid?
This is my question. If so, then not only do they suck at Intellectual property, but they suck at getting a good deal at an auction. Hopefully their screen writing skills are better?
Re: €2.6M spent for a book at auction, believed they would own the IP
#305For 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…
> in the last ten years, something seems to have arrested this direction of travel and reinstated local bubbles of thought, insulated from outside challenge.
...you are using one right now
Re: €2.6M spent for a book at auction, believed they would own the IP
#306Earlier quoted context omitted.
"""Since each page of the book will require many miners (minters), we must decide on what type of NFT each minter gets. I propose the following NFT variations ordered from easiest to most complex: 1. Every minter is rewarded with an identical NFT of the page. 2. Every minter is rewarded with a fraction of the final NFT that contains the page. [...] 3. By leveraging progressive JPEG 7 tech, every minter gets a unique…
> By leveraging progressive JPEG 7 tech, every minter gets a unique NFT which contains the uploaded image but with different degrees of quality. This is both brilliant and insane at the same time. Next up, I have an MPEG stream to sell you ... where the I-frames are charged at a higher rate than the B-frames!
If you think of them as eager and well intentioned children, the whole thing is kind of sweet, tho also a big fuck up. It is like a kid driver denting a car because something something girlfriend.
Re: €2.6M spent for a book at auction, believed they would own the IP
#307Well, not the worst book to spend that much money on. If anyone hasn't seen the documentary Jodorowsky's Dune I highly recommend it: https://www.youtube.com/watch?v=AfJi2sfduqk
Its truly one of the wildest stories very few people know about. He (very seriously) planned for it to star: Mick Jagger, Salvador Dali, Orson Welles, and... Jodorowsky's 12 year old son playing Paul. With music by Pink Floyd (post-Dark Side). This was not pie-in-the-sky dreaming; he met with all of these people, and they all agreed. Planning for a 14 hour movie, they ultimately gave up due to the budget being "short by $5M" (adjusted for inflation: ~$15M).
Though by the end of the documentary, you'll definitely arrive at the conclusion that it wouldn't just be another $5M, and the project had so many problems beyond money; it is interesting to think about how Dune (2021)'s budget came in at ~$165M. We missed out on something truly unique for sure; probably an acid-fueled fever dream, but I totally understand why some people have an obsession with the work Jodorowsky put into the adaptation, and would pay to own a piece of that history.
Re: €2.6M spent for a book at auction, believed they would own the IP
#308I think one thing many people are missing is how much of this space is children, by now.
While the past decade has been about adults risking their fiat capital, children are forced to only earn crypto onchain, as they cannot get the bank account or money without bothering their parents. It is less wise to bother their parents. People like you and I who will proselytize about crypto or any particular crypto investment, while also having incentive to assume custody over the money and benefit from it instead.
Whereas in the crypto space natively they can earn and trade and acquire goods and services. Something harder for adults to even notice is possible since the fiat system serves us well enough, so it is an easier frame of reference to only think about crypto as “earn dollars, buy crypto, have more or less dollars later” compared to “earn crypto, trade crypto to have more crypto”.
There is no way to quantify it, but if you lead with this assumption you will find it.
I know children that have a few hundred $ in their joint bank account but $100k in crypto onchain and just waiting till they turn 18 so they can cash out without telling their parents.
As the things they invest in also grow 100x, this is a formidable force of capital, that would represent a cognitive distortion in the markets. So it is no longer just passionate adults that simply never traded before, its teenagers and possibly even Generation Alpha at this point.
A lot of things make a lot more sense with this assumption.
Use that information however you please.
Re: €2.6M spent for a book at auction, believed they would own the IP
#309My favorite part of this story is that they DAO has actually raised ~$8m, spent $3m on the book (10x the expected auction price), then the "core team" has started paying themselves ~$30k a month[0]. Also, how is this "decentralised" when one person owns over 50% of the voting token? [0] https://snapshot.org/#/dunedao.eth/proposal/0x2038fc240d0e85...
It's either teenagers or money laundering.
Funny how it could be either.
Has anyone checked if the seller is legit?
Maybe the profit was meant to be split once the item "sold".
Re: €2.6M spent for a book at auction, believed they would own the IP
#310I love how blockchain used to be the self proclaimed symbol of freedom from the Big {*}, and the current popular use is to make it an even shittier DRM mechanism