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

latimes.com

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

#161

Post by Gigachad »

teekert wrote: post #42
remram wrote: post #25

Earlier quoted context omitted.

You get copyright on a software-generated image? What's the point?

This has nothing to do with copyright. You own a piece of the blockchain, sad thing is that thing is not even an image or anything, its a url, and its target can change. It’s like a collective delusion. This emperor has no clothes, but still mant people choose to believe.

No one ever believed. Other than crypto tech bros on HN shilling it all day. Take a look at what the general public thinks. They saw it as a scam on day one, and continued to see it as a scam which is why all the consumer product companies failed to have their NFT products take off.

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

#162

Post by tracerbulletx »

gkoberger wrote: post #159
tracerbulletx wrote: post #152

Earlier quoted context omitted.

Literally every stock photo site already does this.

But you can't turn around and sell that stock art to someone else.

You could if they changed the wording of the license being transferred.

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

#163

Post by colinsane »

adrr wrote: post #135
CameronNemo wrote: post #107

Earlier quoted context omitted.

A real cryptocurrency wallet also would have worked.

I wonder what percentage of the crypto population has wallets compared to having all their crypto on an exchange. I don’t know anyone with a wallet.

> if the people in the vanguard of this movement can't figure this out

the people “in the vanguard of [the cryptocurrency] movement” absolutely use non-custodial wallets (SW or HW). the part of this story where “the vanguard” is using custodial wallets is the least believable.

the average speculator, sure — they’ll go with whatever’s easiest for them, which is probably to keep their crypto on the exchange. “vanguard” users? lmao.

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

#164

Post by Nextgrid »

HWR_14 wrote: post #154
CameronNemo wrote: post #107

Earlier quoted context omitted.

A real cryptocurrency wallet also would have worked.

How would it have worked without the ability to communicate with the blockchain. I could double and triple spend to my heart's content.

Not disagreeing with any of you but a blockchain payment terminal that’s itself connected to the internet could technically receive your signed transaction from your (offline) phone and then submit it to the network on your behalf. The balance on your phone wouldn’t update until it itself gets back onto the network and resyncs its state with the blockchain.

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

#165

Post by hnthrow1010 »

serf wrote: post #149
adrr wrote: post #135

Earlier quoted context omitted.

I wonder what percentage of the crypto population has wallets compared to having all their crypto on an exchange. I don’t know anyone with a wallet.

having all of your currency on an exchange, regardless of the currency, has never been a good idea. (signed a MtGox victim.)

The problem with that is, these networks are rather convoluted and are basically unusable for most people without relying on exchanges or other similar services.

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

#166

Post by spapas82 »

iamacyborg wrote: post #114
cratermoon wrote: post #83

Earlier quoted context omitted.

The loss of fidelity between the physical original and a $15 print is comparable to 10,000 generations of jpg decoding and re-encoding.

The original you see today isn’t the original that would have been seen immediately after it was painted. Mona Lisa is pretty crap anyway, if you ever find yourself in the Louvre, look at what’s hung on the opposite wall. Now that is an impressive painting.

In case anyone wonders which is the painting... http://www.worldsbestpaintings.net/artistsandpaintings/paint...

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

#167

Post by EL_Loco »

outworlder wrote: post #136
emilsedgh wrote: post #55

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.

> fast Not fast. Most cryptocurrencies have unbearably slow transaction or confirmation times. Maybe if you are buying a car, they will be confirmed by the time the paperwork is done. Even with initiatives like the lightning network, it's still slow. So much so that some of the major exchanges will tally your transactions off-chain, to be confirmed later. > cheap It really isn't. Be it gas fees or computational power…

I'll agree with anyone saying that this NFT craze is idiotic, and that most cryptocurrencies don't have any utility, but to say that crypto isn't fast, cheap or secure is like saying 90's internet couldn't have webpages with pictures because gopher couldn't have pictures. I send money to my sister from my algorand wallet to hers in one second (literally), any amount for something like $0.0001. I'm not well versed enough in security to make any claim about safety, but if I have to trust someone regarding the security of some software, it might as well be this company's founder. Right now it's by far the best method to send money accross the globe.

edit: forgot to add that it's also very energy efficient

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

#168

Post by gkoberger »

tracerbulletx wrote: post #162
gkoberger wrote: post #159

Earlier quoted context omitted.

But you can't turn around and sell that stock art to someone else.

You could if they changed the wording of the license being transferred.

Okay, so they don't actually already do it, but they could do it.

How would you keep track of who currently has ownership? How do you make sure I don't sell ownership to 5 people, or keep using it myself? Do I need to hire a lawyer each time?

Yes, this can be done without the blockchain. But also, does it matter to you if the code is in SQL or the blockchain? The blockchain is just a technology. (I do think the environmental impact is worth considering, for the record.)

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

#169

Post by hnthrow1010 »

GuB-42 wrote: post #119
addicted wrote: post #61

Earlier quoted context omitted.

Even if that’s the case, does anyone think procedurally generated computer art of Bored Apes would be worth even a fraction of a few dollars if it wasn’t for crypto marketing making people believe they can sell it for much more? In other words, the only value these things have is the belief that a bigger sucker will come around who will pay even more for it. And has it actually been copyrighted with the USPTO and the…

Speculation is one thing, and I think it is what drives the costs to such ridiculous extremes. However, I don't think it explains all of the value. First is the art itself, probably not worth much considering that it is rather generic and partly generated art, but some people may actually like it. Then there is the idea of being part of something big. Some people think that NFTs are revolutionary, that in the future,…

I would have no problem with NFTs if they were simply billed as a useless "collectible" thing sitting in an account that you can use as an excuse to show off how you donated to an artist. But from that perspective, you don't need blockchains or smart contracts; the only thing needed is a donations platform like Patreon. The ridiculous nonsense about how NFTs are going to be "rare unique property" and "an investment" is a pure grift. It is shameful to see artists repeating those lies just to make a dollar. You are getting nothing from them. At least with trading cards you technically do get a picture you can look at, and maybe you could use them for enjoyment to play a game. With NFTs you are literally getting nothing. They are designed to seize the minds of people who have that "collector" personality and take advantage of them.
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