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

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

#201

Post by colinsane »

hnthrow1010 wrote: post #190
colinsane wrote: post #188

Earlier quoted context omitted.

this is a fun game of pedantics, isn’t it. > It is because blockchains cannot actually be used to do any of those cool tech things in any meaningful way. even in the comment you just wrote, you’re still arguing a different point than what you originally said. this time you’ve shifted from “cannot be used to do” to “cannot do”. there are interesting discussions to be had (why didn’t we have permission-less privacy-pre…

>even in the comment you just wrote, you’re still arguing a different point than what you originally said. this time you’ve shifted from “cannot be used to do” to “cannot do”. I think it is clear enough that I meant the same thing. If that wasn't clear, you can ask for further clarification. There is no need to make this into a pedantic game. >but it’s impossible to have those discussions if you keep claiming one thi…

> We don't have those with blockchains either. They are not permissionless nor are they privacy preserving except under some very extreme and impractical circumstances. You can have your permission to use a blockchain revoked if all the miners/validators reach consensus on blacklisting your wallet.

i assume we’re talking about Monero or zcash, as the better-known privacy coins. i grant you that Monero miners can block you by address. how can you be censored on zcash? it’s cryptographically impossible to link addresses to each other, so you can’t block by address. is it permissioned based on IP address? is that defeatable with trivial means like VPNs or Tor or just going to the neighborhood coffee shop? has censorship of zcash transactions ever been demonstrated?

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

#202

Post by 99_00 »

junofan wrote: post #134
99_00 wrote: post #71

Earlier quoted context omitted.

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 ri…

So if taxes go up, there will be more demand for a currency? And if taxes go down, there will be less demand for a currency? I’m not sure that’s right.

>So if taxes go up, there will be more demand for a currency

No. Because an increase or decrease in taxes doesn't cause anyone to stop or start using currency, or convert from one currency to another.

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

#203

Post by Gigachad »

gkoberger wrote: post #183
Gigachad wrote: post #178

Earlier quoted context omitted.

Ultimately these are problems that just do not need solving. There is no real world use case to sell and transfer ownership of a stock photo multiple times.

Will it save lives? No. But experimenting with copyright law is fascinating. It’s like saying, 20 years ago, that concepts like Creative Commons solves no real world use case. I don’t think 5 years from now BAYC will matter. I do think, however, experimentation with intellectual property, copyright and ownership will.

Problem is it’s 1% interesting experimentation and then 99% scams, criminal activity, and destroying the planet.

I find that AI generated imagery is a much more interesting experimentation on copyright. Rather than trying to introduce scarcity to digital items, AI will destroy ownership entirely as anyone could generate their own brand new stock images on demand.

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

#205

Post by giaour »

phabricator wrote: post #130
nikanj wrote: post #32

Earlier quoted context omitted.

Fully anonymous global ransomware would be really hard without cryptos. Monetizing hacked boxes would be much tougher if you could not turn them into Monero miners.

It wasn't that hard. Payment was in pre-paid credit cards.

Try to move millions across international borders with prepaid cards and tell me how that works out for you.

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

#206

Post by pornel »

remram wrote: post #30
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…

You can mostly use any and every one of them for a lot of purposes under fair use. I have seen a lot of Apes around the net, way more than I would have liked. You can't make, say, a cartoon featuring one of them, but would you want to do that?

The apes were algorithmically-generated, and copyright applies only to human work, not program outputs (so that you can't run a program that generates all possible images and claim you own then all), so the kitsch apes are probably free to use for everyone anyway.

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

#207

Post by yieldcrv »

burnished wrote: post #84
yieldcrv wrote: post #19

These merchant adoption and abandonment stories are always implementation issues with no inspiration or education. A) Point of Sale systems have handled this "volatility" issue for an entire decade. Use an implementation that shields the merchant from volatility. They usually liquidate for you. B) Why would you list the prices in ApeCoin or Ethereum? Just show dollars and accept whatever, because A) handles whatever…

re: C, it was also a restaurant review and a pretty ringing endorsement. When I got to the end all I could think was "weird yelp review". I really enjoyed it.

Yeah honestly I might hop down to Long Beach for this theme and burger, not my favorite part of LA

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

#208

Post by tialaramex »

bhtru wrote: post #194
ethanbond wrote: post #93

Earlier quoted context omitted.

Except that… you don’t need to use Facebook to hypothetically buy food or goods or services… Facebook isn’t an appropriate analog to what BTC/crypto aims to be.

Wouldn't you still need some sort connection to the greater network to use a credit card? Of course if you're speaking about cash then yes, but BTC also comes in the form of physical coins as well if you really wanted it.

> Wouldn't you still need some sort connection to the greater network to use a credit card?

Nope. Reminder for those new to how credit cards actually work, there are two distinct transactions and they are not connected. Authorization transactions establish that this is, in fact, really a credit card issued by BIG BANK, and optionally that some credentials you've got are genuine (e.g. a PIN for modern chip and PIN cards, or a 3-4 digit security code for a remote payment). Authorization aims to protect merchants from crooked customers and to some extent to protect banks from crooked merchants. Nobody cares about the customer, if you want protecting ask your government. Settlement transactions move money from the customer's account to the merchant's account.

An offline credit card terminal may be able to perform some limited Authorization with chip cards in particular, it can confirm that the chip card says this is the correct PIN for example, but regardless it can begin the Settlement transaction.

Now, the Settlement won't actually happen immediately, but eventually the transactions are batched up and sent to a bank and the bank executes them, and the settlements occur.

Debit cards can need an online transaction because the card may be unwilling to authorise the Settlement process if it can't confirm you actually have the money, as these cards may be issued to people who aren't allowed credit.

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

#209

Post by whatisweb3 »

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.

I think commenter is suggesting a non custodial wallet with internet access would work fine, which is true. The problem seemed to be cell signal, not internet, as they were able to use the coinbase app or website.

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

#210

Post by ceejayoz »

knorker wrote: post #110
ceejayoz wrote: post #46

Earlier quoted context omitted.

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.

But nothing guarantees that the seller of the NFT, the current holder of the NFT, is also the current copyright holder. 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.

In the case of BAYC specifically, though, the contract guarantees that.

https://boredapeyachtclub.com/#/terms

> When you purchase an NFT, you own the underlying Bored Ape, the Art, completely.

> 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”).

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