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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

#361

Earlier quoted context omitted.

> This entire post reads like some weird crypto-bro FOMO propaganda. Its intended to be devoid of opinion to the extent possible which is probably why you don't recognize it. Your thoughts on what they can do are incorrect. The only thing a child still cannot do is enter into a real world contract and have it be enforceable. But in environments that require zero, or less, or different kinds of non-contractually enfor…

I'm asking for specific and concrete examples that would demonstrate what use do children have for cryptocurrencies - and you respond by using the same vague promises of a revolutionary technology intermixed with keywords from investment and financial jargons, sprinkled with a bit of FOMO propaganda on-top. Kids could buy and trade items in World of Warcraft or Club Penguin for 20 years now. They collected and traded…

Children have the same use adults do. The subset of adults that use crypto natively, maybe "crypto onchain native" sounds like vague jargon to you but nothing I said were promises of a revolutionary change, this is what is happening right now.

You are the one that doesn't understand and this is not the thread for you to learn that, what example would you like to see if it was? The only education offered is that children are using it, instead of spending year after year acting confused of its existence like many people I know here do. Gen Z and Gen Alpha looked at tools available and picked them up instead of attempting to interface with the caste system we normalized towards people under 18, its simple and all that's happened. So, that's different because we don't have to wait 15-20 years for new generations to enter the economy and see what happens, they are active and autonomous nodes in just a few years for better of for worse, but making an opinion about that requires noticing and acknowledging that its occurring.

To really illustrate the disconnect here, an example is that What you are saying relies on you not knowing how to borrow against your crypto with a lending smart contract and purchase other things you want with it. It relies on you thinking these are buzzwords instead of actual etymology and additions to the lexicon that can coordinate people to do the same thing because they understand a shared concept, concepts you personally don't know yet.

I'm not sure what answers you are looking for.

But they understand that they can accumulate wealth, the majority of which can be useful for a later time, without running into the liquidity issues that accumulating marbles and trading cards have.

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

#362

I 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…

You are more right than wrong there...

I know under 18 year olds behind a pseudo name running large capital and lending pools in crypto. All it takes is writing smart contracts and deploying them. Voila, you can run your own automated lending or exchange pool.

Flash loans are something I have seen 13 year old kiddos experiment with using crypto. It's unbelievable until you see it.

Code written by a 13 year old managing billions of capital in crypto.

Many are even public and probbed up by VCs like founder of rari capital and many startups connected to them.

I think this is getting even truer for real world stock market.

Kids are increasingly investing using custodial accounts.

https://www.joinbloom.co/ - teen stock investing funded by YC.

There are many of these popping up

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

#363

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…

> 7-series BMW models can be leased for ~800€ a month €800 a month? i have an income of €1100 per month. so after rent and bills (€500), i have €600 per month for all my other costs. no BMW for me. although (like you(?)) i do live in a European country (Holland) where there is excellent, although expensive, rail/bus travel and biking infrastructure.

Are you a programmer.

€1100 is not a lot of money.

But now I'm thinking that's a possible retirement destination

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

#364

Earlier quoted context omitted.

> Both closed circle SM (checking on your friends and acquaintances) and public facing SM (checking the influencers) It's even worse than that because of the algorithms. They show you more of what they think you like, but the bubbles are quite narrow. For example, suppose you want to see what's going on with all the vaccine skepticism. There is a bubble centered around Joe Rogan. They're talking about how the existin…

> when it's actually caused by not exposing everyone to contrary viewpoints so that they lose the opportunity to have their mistakes corrected There appears to be a growing trend that claims it's innately harmful to experience contrary viewpoints.

Oh god, thankfully small but a world of snowflakes is something to fear so let’s keep it in check.

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

#365
post #251

Earlier quoted context omitted.

> Now everyone has it, there can be far more bubbles. Yeah, I feel like this is the issue. I've heard the theory that in the past, every village had a village idiot. The internet has enabled all these village idiots to find each other and to broadcast their idiocies. They feel strengthened in finding like-minded people and feel vindicated in their beliefs. Due to the size of the group and how vocal they are, they're…

I've heard the effect of internet compared to the effect of the printing press. For the people on the other side of the curve from the village idiot that was true. Before the internet we (on HN I think most of us are on that side of the curve justifying the use of "we" here) had libraries and we had elaborate systems for indexing and searching [1] and providing notification of new information in our areas of interest…

So Tim Berners-Lee and Mark Andreesen are our modern Prometheus? Eagles picking their livers at dusk forever more?

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

#366
post #348

Earlier quoted context omitted.

>or that Julian Assange reports to Putin Ah...this has been debunked? The story so far as I know is that "multiple US intelligence agencies" told Congress that (in 2016) people working for the Russian government hacked the DNC and provided the emails to Wikileaks. Wikileaks didn't reveal its source, but Assange said "no, nope, it definitely wasn't the Russian government, no way". Mueller proceeded to indict a lot of…

You may be the victim of a large disinformation campaign.

[deleted]

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

#367
post #348

Earlier quoted context omitted.

>or that Julian Assange reports to Putin Ah...this has been debunked? The story so far as I know is that "multiple US intelligence agencies" told Congress that (in 2016) people working for the Russian government hacked the DNC and provided the emails to Wikileaks. Wikileaks didn't reveal its source, but Assange said "no, nope, it definitely wasn't the Russian government, no way". Mueller proceeded to indict a lot of…

You may be the victim of a large disinformation campaign.

There is definitely a very large disinformation campaign going on, we can all agree on that.

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

#368

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…

> 7-series BMW models can be leased for ~800€ a month €800 a month? i have an income of €1100 per month. so after rent and bills (€500), i have €600 per month for all my other costs. no BMW for me. although (like you(?)) i do live in a European country (Holland) where there is excellent, although expensive, rail/bus travel and biking infrastructure.

No post body was provided.

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

#369

Earlier 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…

What’s tragic is they could just upload the damn thing to internet archive but instead they’re going to use some bizarre storage method that will help ensure the book is actually hard for people to read.

[deleted]

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

#370

Earlier quoted context omitted.

> This entire post reads like some weird crypto-bro FOMO propaganda. Its intended to be devoid of opinion to the extent possible which is probably why you don't recognize it. Your thoughts on what they can do are incorrect. The only thing a child still cannot do is enter into a real world contract and have it be enforceable. But in environments that require zero, or less, or different kinds of non-contractually enfor…

I'm asking for specific and concrete examples that would demonstrate what use do children have for cryptocurrencies - and you respond by using the same vague promises of a revolutionary technology intermixed with keywords from investment and financial jargons, sprinkled with a bit of FOMO propaganda on-top. Kids could buy and trade items in World of Warcraft or Club Penguin for 20 years now. They collected and traded…

[deleted]
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