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BBC cryptocurrency documentary pulled from air at last minute

theguardian.com

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Re: BBC cryptocurrency documentary pulled from air at last minute

#151

Post by gitfan86 »

verdverm wrote: post #88
luckyandroid wrote: post #11

Earlier quoted context omitted.

Every person I've spoken to who's told me they're interested in crypto literally only care about it to make money, and have no interest in learning how it works. They all treat every last crypto-based use as investment like stocks, and not as a normal economic choice (e.g. "I want $3000 worth of bitcoin to buy a car" is not something people are doing, instead it's all "I want $3000 worth of bitcoin because the intern…

I wonder if the VCs have fallen prey to the siren's song or if they have joined the choir? I have a hard time believing they don't ask the questions that get to the heart of the long term viability of the projects they invest in. Yet as a tech creator, I don't see much use for the game theoretic additions for the extra complexity and waste from adding blockchain.

VCs need to stay connected and they need access to a continuous stream of new young entrepreneurs.

They are looking for the kids that think they can takedown PayPal and visa. Give them 500k each and hope one figures it out.

Re: BBC cryptocurrency documentary pulled from air at last minute

#152

Post by knorker »

captaincaveman wrote: post #141
knorker wrote: post #134

Earlier quoted context omitted.

You are both right. Buying an NFT is buying the right to the NFT. It's not buying the right to the art. Even if NFTs were backed by law, so that if I use your private key to transfer the NFT to me you would be able to use the law to come after me for theft, what I stole from you wasn't the rights to the art. What the grandparent post was complaining about was that it's not even the rights to the art. If you buy the r…

How are you going to get a picture of the Mona Lisa? Take a photo? Your not allowed. The people who own the Mona Lisa, prevent people from taking photos of. They instead they take a photo of it themselves, which is a new creative work and has copyrights. Now they have controlled the market on photos of the Mona Lisa and you need to license photos of it from them. That's what I heard once anyhow.

Here you go: https://en.wikipedia.org/wiki/File:Mona_Lisa,_by_Leonardo_da...

Resolution 7,479 × 11,146, or 83 megapixels.

From that page:

The official position taken by the Wikimedia Foundation is that "faithful reproductions of two-dimensional public domain works of art are public domain". This photographic reproduction is therefore also considered to be in the public domain in the United States. In other jurisdictions, re-use of this content may be restricted; see Reuse of PD-Art photographs for details.

Re: BBC cryptocurrency documentary pulled from air at last minute

#153

Post by globular-toast »

pjc50 wrote: post #146
globular-toast wrote: post #119

Earlier quoted context omitted.

I'm not talking about the houses, though. I'm talking about mortgages. Have you ever wondered why you can't just save up for a house and buy it with cash? Why do you need to first acquire this thing called a mortgage? What part is the bank actually playing in this transaction? You'll pay tax to them for 30 years but what exactly are you getting in return? These are the questions that need to be asked.

> Have you ever wondered why you can't just save up for a house and buy it with cash? You can. > What part is the bank actually playing in this transaction? They're lending you the money. I assume you have some different, less obvious answers to this? If you're against the lending of money for interest, how about a halal mortgage? https://www.qardus.com/news/halal-mortgages-everything-you-n...

> You can.

Practically speaking, not really. A tiny fraction of people might earn enough to save enough to buy a house, but most will be priced out at every stage by people taking mortgages. Some people inherit existing property and trade it for other property. But if you are starting from scratch it's virtually impossible. Do you know anyone who has done it?

> They're lending you the money.

Are they? If I lend you my car, I don't have access to my car during that time. But money is just made up. There's nothing moving around. Banks aren't losing anything when they lend you something. They just create a deposit and a liability and get on with it. As long as they are all doing it at roughly the same rate nothing stops the economy filling up on debt, as it has done and continues to do.

Remember, banks lending money is nothing like you or I lending money. The banks control the ledger. They don't play by the same rules as us.

Re: BBC cryptocurrency documentary pulled from air at last minute

#154

Post by ajsnigrutin »

ID1452319 wrote: post #129
ajsnigrutin wrote: post #47

Earlier quoted context omitted.

Stories of success are meaningless if you don't know how many people failed... If you listen to lottery winners, investing in lottery tickets is the best way to earn money,... somehow noone makes documentaries about millions of people who buy tickets and get nothing.

This isn't even a story of success though. What due diligence did the BBC do to ensure he actually made that money and that he was using the methods claimed? There are lots of people in social media who pose in front of expensive cars and with designer bag in order to sell their crypto or forex trading training courses. Most of course don't make their money from trading, but from commissions paid by platforms for win…

Just look at the amount of altcoins now,... investing $100 into one of them could make you a millionaire, so someone will get rich out of them. Most of the others will fail miserably, and people will lose money. Again, the documentary will be made about the one who made it.

Re: BBC cryptocurrency documentary pulled from air at last minute

#155

Post by 6510 »

naasking wrote: post #150
captaincaveman wrote: post #147

Earlier quoted context omitted.

No, you are not granted copyrights on the image attached to the NFT in all cases I've looked at, spoken to the people behind them and they also agreed. Doesn't mean this can't be done, but in each case I've looked at, granting of rights (and which specific rights do we even mean?) is not happening. Further more there is no obligation for anyone to do anything with the image linked to the NFT your the holder of.

Copyright is a right defined in existing legal systems. I said the NFT defines a new type of right in a new pseudo-legal system.

mind blown! We could have as many opt-in legal systems as we want! Like a ball to go with the chain.

Re: BBC cryptocurrency documentary pulled from air at last minute

#156

Post by captaincaveman »

naasking wrote: post #150
captaincaveman wrote: post #147

Earlier quoted context omitted.

No, you are not granted copyrights on the image attached to the NFT in all cases I've looked at, spoken to the people behind them and they also agreed. Doesn't mean this can't be done, but in each case I've looked at, granting of rights (and which specific rights do we even mean?) is not happening. Further more there is no obligation for anyone to do anything with the image linked to the NFT your the holder of.

Copyright is a right defined in existing legal systems. I said the NFT defines a new type of right in a new pseudo-legal system.

yeaah I don't think that's a thing.

Re: BBC cryptocurrency documentary pulled from air at last minute

#157

Post by ajsnigrutin »

fusionbro wrote: post #138
ajsnigrutin wrote: post #77

Earlier quoted context omitted.

I mean, it depends. If you live in Tokyo, the scarcity is real-real. If you live in a city, where just a re-zoning solves a lot of problems, the issue is atleast mostly solvable, even if it means shaking down a whole pyramid of government officials, and in some places, the housing crisis is bad enough, that they're aproaching the critical mass of people to make this happen.

You're playing semantics. If there aren't physically enough homes in NYC for the number of interested buyers there is Scarcity. Talking about that source of that scarcity is irrelevant. Re-Zoning fixes nothing in the short term and scarcity will remain. Even if you re-zoned you need to physically build up inventory which takes years.

Yes, and new york (and san francisco, and many other places) are in a housing crisis for years now, and have not started any major building projects nor liberalized building larg(er) apartment buildings (in case of san francisco).

The best time to start building was 10, 15, 20 years ago, the next best time is now.

Re: BBC cryptocurrency documentary pulled from air at last minute

#158

Post by spywaregorilla »

6510 wrote: post #155
naasking wrote: post #150

Earlier quoted context omitted.

Copyright is a right defined in existing legal systems. I said the NFT defines a new type of right in a new pseudo-legal system.

mind blown! We could have as many opt-in legal systems as we want! Like a ball to go with the chain.

A right isn't a legal system

Re: BBC cryptocurrency documentary pulled from air at last minute

#159

Post by bloak »

captaincaveman wrote: post #141
knorker wrote: post #134

Earlier quoted context omitted.

You are both right. Buying an NFT is buying the right to the NFT. It's not buying the right to the art. Even if NFTs were backed by law, so that if I use your private key to transfer the NFT to me you would be able to use the law to come after me for theft, what I stole from you wasn't the rights to the art. What the grandparent post was complaining about was that it's not even the rights to the art. If you buy the r…

How are you going to get a picture of the Mona Lisa? Take a photo? Your not allowed. The people who own the Mona Lisa, prevent people from taking photos of. They instead they take a photo of it themselves, which is a new creative work and has copyrights. Now they have controlled the market on photos of the Mona Lisa and you need to license photos of it from them. That's what I heard once anyhow.

What I've heard is that photography of a painting is considered to be a form of reproduction and not the creation of a new work. It might be different if you were to photograph the painting from a funny angle with a shadow falling across it in an artistic way but that's not what we're talking about in the case of a typical Mona Lisa image, like the one the Wikipedia page uses.

Re: BBC cryptocurrency documentary pulled from air at last minute

#160

Post by spywaregorilla »

wink wrote: post #108
WilTimSon wrote: post #2

It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so ma…

I dunno, I am not really questioning why some limited-run sneakers are being bought for thousands of dollars. Or why people spend 50k on their bathroom. Or why old Nintendo cartridges go for enormous prices. Or diamonds. I don't see the difference here. Now, I also don't get why NFTs have taken off AT ALL. But I don't see how they're really different than anything I listed above, except maybe more unstable or even mo…

Probably a lot of the value in rare real things is that people want to have them. It evokes joy.

A lot of NFTs don't do this for their owners. Its just the belief that there's a high probability of being able to resell for more.

The question is what % of the market participants see genuine value in the asset itself.

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