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Earlier quoted context omitted.
That actually doesn't apply to Bored Apes. With those NFTs you get copyright ownership of the image.
No, with copyright law you get ownership, the nft is just a public receipt
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.
Facebook isn’t an appropriate analog to what BTC/crypto aims to be.
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…
the first man to ever build and sell a car, recounting his critics in the transportation industry: “There’s nothing the matter with me. It’s you! You’re crazy if you think this fool contraption you’ve been wasting your time on will ever displace the horse.”
So if I found a quote about someone saying nuclear energy would power cars…would that disprove crypto? I guess so
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.
I think the idea of digital cash is cool, but practically speaking, it isn’t enough of a upside to deal with crypto. I can’t even tell you the last time I used actual cash. It was at least a year ago.
Earlier quoted context omitted.
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.
No realistic takes on crypto allowed on HN, you might get banned.
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…
But you can already license your IP using a contract or a license, and that contract can be inked in paper or done digitally. You can even give exclusive license or transfer your rights. The only difference using the blockchain is, well, the blockchain. This is an even less interesting use of the blockchain than Bitcoin - at least with Bitcoin there is no longer a central authority needed to prevent double spending.…
But if it worked that way, then the concept is pretty cool. You say "you can already license..." yeah, but this is one click stuff and you're good to go. What you're saying is slow lawyer stuff and a fully manual process.
Of course this one click to purchase IP could be done centralized. But decentralized can add transparency, instead of relying on paper trail and companies that can go defunct.
https://99bitcoins.com/coupa-cafe-sells-coffee-to-the-silico...
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…
> “Yes, ethereum is a currency in a way where you can exchange [non-fungible tokens, or] NFTs and stuff … but as far as buying food and all that, maybe not,” one crypto-enthusiast diner, Marc Coloma, said as he munched on fries outside the restaurant. “People want to hold onto their ethereum. They’re not gonna want to use it.” Then what is the point then? Apecoin and Ethereum certainly cannot be used for payments and…
It didn't take a crypto crash, crypto has been a failed currency since BTC hit a dollar... Extreme deflation is arguably more deadly than hyperinflation. If you know that by holding a dollar today, you can get 2 dollars worth of goods tomorrow, why are you going to spend a dollar? Likewise, once Bitcoin went from fractions of a penny to a dollar, what incentive was left to spend it? You could argue an ideological wan…
Does that mean if you can find a non-defaulting bond that pays higher interest than inflation, the US dollar will completely collapse?
Because why would anyone spend $1 when they could get $2 of goods in N years...