Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

At the Bored Ape restaurant, your ApeCoin is no good now

latimes.com

Post reply on HN
Print view View original

71–80 of 253 posts

Re: At the Bored Ape restaurant, your ApeCoin is no good now

#71

Post by 99_00 »

rejor121 wrote: post #22

Nobody could see this coming! Lol Seriously, crypto has yet to solve any real world problems I’ve faced. And NFTs are just the worst. Money laundering schemes at best. If I can’t buy an apple easily with crypto, it’s useless.

If you can't use it to keep armed men authorized to use deadly force from putting you in a cage for the rest of your life it will at best be peripheral.

That's why people use the currency of their nation.

They must pay taxes and fees to exist as a part of society. Not doing so means you either fall off the social ladder or are imprisoned and have your life destroyed.

It's one thing that Modern Monetary Theory gets right. The government creates demand for its currency through taxes and fees that must be paid under threat of violence. So you work and earn the currency to pay for your right to exist.

Is that nice? No. But denying that the threat violence keeps this version of society together is denying reality. And trying to replace a system that is willing to use violence to maintain it's existence with dreams just doesn't work.

Re: At the Bored Ape restaurant, your ApeCoin is no good now

#73

Post by yawnxyz »

jjtheblunt wrote: post #65
Uptrenda wrote: post #56

Earlier quoted context omitted.

It works fine with actual art but I've yet to see an NFT comparable to say: the Mona Lisa. When I got into the blockchain space ~9 years ago I would have never imagined years later people would be going crazy over pictures of jpegs. People used to discuss amazingly cool tech stuff: like SSL oracles or privacy-preserving payment protocols. Now it's all about what the price is and moronic NFTs. It's embarrassing.

is that because physical paints can't be immediately copied like a sequence of bits can?

but you can order a print of the Mona Lisa very easily for like $15

Re: At the Bored Ape restaurant, your ApeCoin is no good now

#75

Post by gkoberger »

crooked-v wrote: post #50
gkoberger wrote: post #23

I dislike crypto, especially NFTs. But here's my best attempt at understanding. BAYC transfers ownership of IP for the ape you've bought. It's not just a picture of the ape on OpenSean; you can use it. There's something really fascinating about this. It's one character, but it's also broadly part of the larger ecosystem. We're so used to, say, Disney owning IP. But what if you could spend $300k and have a restaurant…

> BAYC transfers ownership of IP. Does it, though? > Subject to your continued compliance with these Terms, Yuga Labs LLC grants you a worldwide, royalty-free license to use, copy, and display the purchased Art, along with any extensions that you choose to create or use, solely for the following purposes: (i) for your own personal, non-commercial use; (ii) as part of a marketplace that permits the purchase and sale o…

You posted the "Personal Use" section of their terms, and intentionally cut out what comes before and after it.

For anyone curious to read the full terms, they're here: https://boredapeyachtclub.com/#/terms

Re: At the Bored Ape restaurant, your ApeCoin is no good now

#76

Post by blahblah123456 »

bhtru wrote: post #69
jboggan wrote: post #53

Reminds me of a time that I played a Bitcoin poker game at some Google VP's place up in the hills with Charlie Lee and a few other early crypto luminaries in 2014. It took us over an hour to figure out sending BTC to the "buy-in" pot because most of us had 2FA enabled on our Coinbase accounts and the cell reception was so bad at that we couldn't get our confirmation texts. We ended up writing IOUs on a sheet of paper…

That's more on simply poor cell service if anything at all though no? The tech even then seemingly worked for you then. Your anecdotal is comparable to saying students at a college not being able to add one another on Facebook in it's early days, because the campus Wi-Fi was on the fritz.

Yes, but in real life blame doesn't matter. What matters is the alternative (a hardwired credit card terminal or cash) would've worked, and this didn't.

Re: At the Bored Ape restaurant, your ApeCoin is no good now

#77

Post by [deleted] »

rscnt wrote: post #57
grey-area wrote: post #11

Earlier quoted context omitted.

https://www.amnesty.org/en/latest/news/2022/06/el-salvador-p... https://www.cato.org/commentary/el-salvadors-road-currency-c... https://www.reuters.com/markets/europe/crypto-crash-leaves-e... President Bukele’s government declared a state of emergency on 27 March, following a spike in homicides allegedly committed by gangs, which has since been extended twice....Despite a drop in the homicide rate in recent years, El…

The president doesn't care about the issues that concern his position. There was an intiative by the treasury to try and have people use a single document to deal with taxes, where we previously used two, this is something important for most people, the guy hasn't even mentioned on his social networks. They also build a public vet that was supposedly financed with the earnings of BTC - when the price dropped the pres…

[deleted]

Re: At the Bored Ape restaurant, your ApeCoin is no good now

#78

Post by Uptrenda »

jjtheblunt wrote: post #65
Uptrenda wrote: post #56

Earlier quoted context omitted.

It works fine with actual art but I've yet to see an NFT comparable to say: the Mona Lisa. When I got into the blockchain space ~9 years ago I would have never imagined years later people would be going crazy over pictures of jpegs. People used to discuss amazingly cool tech stuff: like SSL oracles or privacy-preserving payment protocols. Now it's all about what the price is and moronic NFTs. It's embarrassing.

is that because physical paints can't be immediately copied like a sequence of bits can?

I think its more because only the greatest artworks have ended up being curated. I'm sure if NFT art were as old as physical art there would be more to choose from. I want to also say that in my view I don't believe an NFT has value by itself unless its being used somewhere that people like. For example: a skin in a (popular) game. Otherwise it really is just a file sitting on a computer. It ought to have an impact somewhere and there ought to be at least some backing promise that such an impact will stay.

I really do think digital property has value but only when you do it right.

Re: At the Bored Ape restaurant, your ApeCoin is no good now

#79

Post by maxerickson »

emilsedgh wrote: post #55
rejor121 wrote: post #22

Nobody could see this coming! Lol Seriously, crypto has yet to solve any real world problems I’ve faced. And NFTs are just the worst. Money laundering schemes at best. If I can’t buy an apple easily with crypto, it’s useless.

Crypto does solve a few real world issues (fast, global, cheap, secure, anonymized transfer of value). But it seems that some people thought it fixes the "i want to get rich fast" problem, and was bloated as a result. It was never meant for that problem.

Except it isn't particularly fast, cheap, secure or anonymous.

Re: At the Bored Ape restaurant, your ApeCoin is no good now

#80

Post by vba616 »

Bjartr wrote: post #48
raylad wrote: post #16

Earlier quoted context omitted.

That actually doesn't apply to Bored Apes. With those NFTs you get copyright ownership of the image.

It's more complicated than that. > The Bored Ape Yacht Club terms of service grant a commercial license to exploit the copyright of each Bored Ape to the owner of the relevant NFT. So the holder of a Bored Ape NFT has a license to commercially use the off-chain image associated with the NFT by way of an on-chain URL. That license is granted by the actual copyright holders of all of the Bored Apes.

Yes, of course.

Just like you can create anything, and license it as you wish, and keep a list of authorized licensees on https://en.wikipedia.org/wiki/Punched_tape.

The NFTs are better because...

Post reply on HN