101–110 of 253 posts
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…
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.
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…
Google VP doesn’t have decent Wifi?
Earlier quoted context omitted.
That actually doesn't apply to Bored Apes. With those NFTs you get copyright ownership of the image.
Are you sure? Certainly the first person to buy a bored ape from BAYC, they definitely entered into a legal contract with BAYC that granted them a copyright license. But if you bought a Bored Ape NFT from someone else, did the sale contract you made with them definitely include another copyright license transfer? Or did you just buy an NFT? What if the previous owner of your Bored Ape, while they held the copyright,…
> ii. Personal Use. 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 forthe following purposes: (i) for your own personal, non-commercial use; (ii) as part of a marketplace that permits the purchase and sale of your Bored Ape / NFT [...]
> iii. Commercial Use. Subject to your continued compliance with these Terms, Yuga Labs LLC grants you an unlimited, worldwide license to use, copy, and display the purchased Art for the purpose of creating derivative works based upon the Art (“Commercial Use”). Examples of such Commercial Use would e.g. be the use of the Art to produce and sell merchandise products (T-Shirts etc.) displaying copies of the Art. [...]
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…
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.
Crypto does not solve any of those issues. The actual solution to most of those issues is called a "payment service" of which there were many that existed before blockchains. How is it do you suppose that companies like ebay and amazon were able to securely and quickly process internet payments in the 90s? They certainly didn't need blockchains to do it. You could argue that they aren't anonymized, but neither is crypto; it is only pseudonymous at best, in practice it is not even that as the exchanges that do the bare minimum of fraud prevention will require you to identify yourself.
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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.
> Perhaps that was what Nguyen was thinking when he spent more than $330,000 on the various ape NFTs on display at his restaurant. Wow. I can't imagine what anyone is thinking when they pay that much to brag about some random blockchain that says they own an arbitrary URL that may or may not link to an image.
That actually doesn't apply to Bored Apes. With those NFTs you get copyright ownership of the image.
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…
Google VP doesn’t have decent Wifi?
Earlier quoted context omitted.
No, with copyright law you get ownership, the nft is just a public receipt
The copyright holder is free to write up a license that says the current holder of the NFT may use it as if they hold the copyright, though. Many NFTs don’t, but it’s possible.
It's basically completely disconnected, so while the transfers may traditionally be done at the same time between the same entities, that's not a contract. The NFT just gives you a Blockchain url. If you didn't sign anything else then you got nothing else.