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Digital collectibles on Instagram is winding down
131–140 of 147 posts
Re: Digital collectibles on Instagram is winding down
#132Earlier quoted context omitted.
> at least know what you're talking about, regardless of where the heck read it, before writing tech off wholesale You want to argue that EVM is in any way shape or form efficient? There's a reason why storage or large contracts are prohibitevly expensive in it. > stop taking weak, adjacent-to-point cultural potshots No idea what you're talking about. > I hate discord, and actively have avoided projects that use it,…
> This is not "true builders". This is children playing with playdough and coming up with cute names for their playdough creations. And literally everything they do is only applicable to their playdough Can also easily be said in a new conversation every year about new types of databases, frontend/other frameworks. Just isn't a compelling or concise enough argument for me to forget about how helpful offline ZK-proofs…
> Can also easily be said in a new conversation every year about new types of databases, frontend/other frameworks.
I a) should be said, b) is often said, and c) more often than not is
> Just isn't a compelling or concise enough argument for me
That is not the entirety of the argument. But in true crypto-proponent fashion you skip from context from context, from tangent to tangent hoping to forget and ignore the gist of what the conversation started with.
Even if I helpfully brought it back to original context: This is equivalent to "just sift through millions tons of shit before maybe finding something worth looking at (which invariably isn't worth looking at)".
> how helpful offline ZK-proofs will probably be for near-future real-world transactions, for example.
Yup. Exactly what I said. Of course the entire usefulness will lie squarely within the playdough, sorry, the blockchain, will have extremely limited applicability, will not be applicable to anything in real world (without significanly reducing real world problems to trivial applications), but will be marketed as the best thing since sliced bread.
You can bookmark this link and come back when this "near future" happens
Re: Digital collectibles on Instagram is winding down
#133Earlier quoted context omitted.
I don't think that this view can withstand any sort of scrutiny...
I think that it can, given articles like this showing that established profitable companies are dumping NFT strategy as quickly as possible.
Established profitable companies have a track record of missing the point when it comes to doing decentralized things. For one a lot of them just fall for VC backed tech which in most cases isn't even a legitimate decentralized network.
Sure we can blame grifters for this too somehow
Re: Digital collectibles on Instagram is winding down
#134Earlier quoted context omitted.
> The whole point of an NFT is that you don't have to take it with you as you owning it is chain state. "Hey guys, I own this valuable piece of `something`. You have to trust me, as it's 50 light years away, and all I have is a pointer to an address on a chain that is also 50 light years away"
Okay, so you are 50ly away from earth. There are only two possible scenarios here 1. You and "your guys" have low delay comms to home which means you have network sync and so everything is dandy 2. You and your guys have delayed comms so everything relating to state back on earth is time delayed (ie: you live in the past when it comes to things related to earth) in this case it only makes sense to talk in the context…
> You and your guys have delayed comms so everything relating to state back on earth is time delayed (ie: you live in the past when it comes to things related to earth) in this case it only makes sense to talk in the context of that past
So there's literally no point. Because that valuable thing is needed now, not X years in the future when the sync happens.
The whole chain thing literally relies on fast internet available everywhere everytime
Re: Digital collectibles on Instagram is winding down
#135Earlier quoted context omitted.
The opposite view, that there are some mythical "true builders" is the one that can't withstand, and hasn't withstood, any sort of scrutiny. At best those "true builders" can't understand reality around them (like all the "builders" building tickets or property rights with NFTs). At anything below best it's a sea of scammers and grifters.
Oh, no I didn't talk about the "mythical builders" I talked about the actual builders. The crypo space has become very big in the past two cycles but every techie should be easily able to pick a decentralized chain, look at its community and identify those who build from those who grift.
> Oh, no I didn't talk about the "mythical builders" I talked about the actual builders.
And those are?
> look at its community and identify those who build from those who grift.
Ah. "Just look at the discords" argument again. I'm having this conversation in the sibling thread.
Let me summarise:
This is equivalent to "just sift through millions tons of shit before maybe finding something worth looking at (which invariably isn't worth looking at)".
Re: Digital collectibles on Instagram is winding down
#136Earlier quoted context omitted.
> but his new "know-it-all NFT bro" persona A bit like the emerging ai bros. Every few years we get these types bubbling up. I admire their commitment but some need a break.
I keep hearing about these ai bros. Can you give me a specific example of one?
My problem too - you can’t really babble some unverifiable stuff (macroeconomic predictions, societal changes for crypto) in AI. If you don’t know how it works you are sol, bro or not.
Re: Digital collectibles on Instagram is winding down
#137Earlier quoted context omitted.
Many artists use instagram to display their art, and a big portion of that art is digital and it was intended to be perceived on the screen, so it can’t be collected/purchased in the traditional sense. That’s why a lot of artists I follow and deeply respect were supporting this concept - finally their 3d renders, digital images etc. can enter the art market. See @mikeyjoyce It is like a democratization of collecting…
But NFTs aren’t about buying art. You buy a pointer to something, in this case the something is an instagram post containing the asset. A marketplace like bandcamp would be more interesting IMHO, I regularly buy digital artworks from games or movies, that’s more analogous to buying an album on bandcamp.
Its like saying you are not buying steam games, you are buying pointers to those games. I would say that you are in fact buying games/art, but doing so in a closed environment/ecosystem. An even better analogy is buying skins inside a game
The marketplace you propose could be interesting, but IG already existed with a huge number of artists who’ve already had a following/status/lore. Also there is the exposure to a tremendously broader&bigger audience than any other platform could possibly have. Not saying that migration would be unachievable, but so much would be lost for something that I don’t see come close to being a compensation
Re: Digital collectibles on Instagram is winding down
#138Earlier quoted context omitted.
> This is not "true builders". This is children playing with playdough and coming up with cute names for their playdough creations. And literally everything they do is only applicable to their playdough Can also easily be said in a new conversation every year about new types of databases, frontend/other frameworks. Just isn't a compelling or concise enough argument for me to forget about how helpful offline ZK-proofs…
> Can also easily be said in a new conversation every year about new types of databases, frontend/other frameworks. I a) should be said, b) is often said, and c) more often than not is > Just isn't a compelling or concise enough argument for me That is not the entirety of the argument. But in true crypto-proponent fashion you skip from context from context, from tangent to tangent hoping to forget and ignore the gist…
I would not be surprised if US FedNow uses it now or later in their offering, launching this year.
I wish you hadn't spent so much time fighting a straw man in my place, we might have been able to talk any sort of tech.
Re: Digital collectibles on Instagram is winding down
#139So, you could collect NFTs of instagram posts? What a weird concept. Reddit avatars make more sense IMHO, they work as a form of status symbol. They are displayed on all your posts and comments, so you can show off your fancy avatar everywhere. I cannot see why anyone would care about a collection of posts.
reddit has avatars?
Re: Digital collectibles on Instagram is winding down
#140So, you could collect NFTs of instagram posts? What a weird concept. Reddit avatars make more sense IMHO, they work as a form of status symbol. They are displayed on all your posts and comments, so you can show off your fancy avatar everywhere. I cannot see why anyone would care about a collection of posts.
reddit has avatars?
Yes, Reddit has a quite complexe avatar system, with a builder, lot of accessories and styles, and now collectible ones: https://reddit.zendesk.com/hc/en-us/articles/7559750587540-C...