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The Edited Latecomer’s Guide to Crypto

mollywhite.net

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Re: The Edited Latecomer’s Guide to Crypto

#201

Post by librish »

lhorie wrote: post #175
librish wrote: post #165

Earlier quoted context omitted.

Those applications are not negative sum. My impression is that the total revenue for services like that is minuscule, I would be very interested if you have data showing something else.

My impression has been similar to the comment sibling to yours, that a lot of attempts at crypto-related applications were somewhat hype based. However, despite the huge amount of noise, some do seem - at least in principle - valuable. I certainly share a certain level of cynicism towards many crypto applications, but even the likes of OpenSea currently employ people and presumably pay them actual money that they can…

If I'm not misunderstanding you you're saying there could be value, which I've never argued against. I'm asking if you have any evidence that there's currently any significant value created.

Re: The Edited Latecomer’s Guide to Crypto

#202

Post by Jimmc414 »

rvz wrote: post #192
flaque wrote: post #120

The issue with crypto is that reasonable use cases are early, and don’t attract attention except for niche communities. There’s a few big ones, for example, filecoin right now has created a commodity market for storage that is currently 10,000 cheaper than S3 in some instances. (See file.app for stats) But realistically, the interesting projects are very small and hard to find. However, scams and ponzi schemes, by th…

The only 'NFT' that has a use-case so far is ENS [0] and domain names on the blockchain. The JPEG NFTs (which don't have a use-case) have captured the hype of the critics and that will likely collapse in the long term and those NFTs are what the critics will just keep talking about. There is a product that is using it for identities already: [1][2] I can see businesses using ENS or similar solutions as a way to repla…

Using NFTs for generating concert tickets or supply chain logistics & tracking seems like it could be economically viable. I'd bet the biggest use case for NFTs at present is money laundering. It's hard to imagine someone having the talent to acquire $800,000 yet still being gullible enough to spend it all on a hyperlink of a hand drawn monkey with the expectation that they bought an appreciable asset.

Re: The Edited Latecomer’s Guide to Crypto

#203

Post by legutierr »

eoo wrote: post #158
matheusmoreira wrote: post #122

Earlier quoted context omitted.

Yeah, it sucks. Monero for example is an actual privacy coin that's usable as currency but nobody seems to care. Very demoralizing. Bitcoin is obsolete technology at this point. It's continued existence does more harm than good to the cryptocurrency space because everyone gravitates towards it instead of better projects.

Bitcoin is as obsolete as POSIX. It's ossified, and not changing is a feature.

Bitcoin isn't POSIX, it's UNIVAC.

Re: The Edited Latecomer’s Guide to Crypto

#204

Post by klyrs »

alex_sf wrote: post #105
vasco wrote: post #5

This format is interesting at first but when it starts getting to 5 paragraphs of dissecting each phrase, it gets too much. Reminds me of the someone-is-wrong-on-the-internet, point-by-point-repliers in internet forums circa 2006.

> This format is interesting at first I agree. > but when it starts getting to 5 paragraphs of dissecting each phrase, it gets too much. Yeah, that's true. > Reminds me of the someone-is-wrong-on-the-internet Isn't there usually? > point-by-point-repliers in internet forums I still think it's a good format. > circa 2006 What's wrong with 2006?

Anybody who thinks HN doesn't do humor simply isn't dry enough. I, for one, miss brand-new websites with long and detailed FAQ's.

Re: The Edited Latecomer’s Guide to Crypto

#206

Post by jerrybender »

cantrevealname wrote: post #205

I like the format very much -- the original New York Times article on the left and commentary about it on the right -- but how is this not a copyright violation? I'd be worried about the New York Times threatening to sue.

Criticism falls under fair use.

Re: The Edited Latecomer’s Guide to Crypto

#207

Post by cantrevealname »

jerrybender wrote: post #206
cantrevealname wrote: post #205

I like the format very much -- the original New York Times article on the left and commentary about it on the right -- but how is this not a copyright violation? I'd be worried about the New York Times threatening to sue.

Criticism falls under fair use.

But can you quote the entire original article and still claim fair use for purposes of criticism?

Re: The Edited Latecomer’s Guide to Crypto

#208

Post by stjohnswarts »

cantrevealname wrote: post #207
jerrybender wrote: post #206

Earlier quoted context omitted.

Criticism falls under fair use.

But can you quote the entire original article and still claim fair use for purposes of criticism?

Of course, it's obviously criticism all the way through

Re: The Edited Latecomer’s Guide to Crypto

#209

Post by Kye »

cantrevealname wrote: post #207
jerrybender wrote: post #206

Earlier quoted context omitted.

Criticism falls under fair use.

But can you quote the entire original article and still claim fair use for purposes of criticism?

Character of use tends to weigh higher than quantity in the US.

https://en.wikipedia.org/wiki/Fair_use#U.S._fair_use_factors

Re: The Edited Latecomer’s Guide to Crypto

#210

Post by Animats »

Jimmc414 wrote: post #202
rvz wrote: post #192

Earlier quoted context omitted.

The only 'NFT' that has a use-case so far is ENS [0] and domain names on the blockchain. The JPEG NFTs (which don't have a use-case) have captured the hype of the critics and that will likely collapse in the long term and those NFTs are what the critics will just keep talking about. There is a product that is using it for identities already: [1][2] I can see businesses using ENS or similar solutions as a way to repla…

Using NFTs for generating concert tickets or supply chain logistics & tracking seems like it could be economically viable. I'd bet the biggest use case for NFTs at present is money laundering. It's hard to imagine someone having the talent to acquire $800,000 yet still being gullible enough to spend it all on a hyperlink of a hand drawn monkey with the expectation that they bought an appreciable asset.

Doesn't make much sense for concert tickets, unless you want to enable scalping. The lifetime of a ticket is short.
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