Yes, the bankster grandpa Dahl is right. Crypto is not for you, it is not for the very wealthy old americans that have build the 'open' web of platforms and sucked the value out of all the corners of the Earth. It's for the rest of us.
The Tinkerbell Griftopia
151–160 of 251 posts
Re: The Tinkerbell Griftopia
#152I work in the crypto industry right now - my job is to keep bad guys from stealing XXX millions of dollars. I've also worked on a team that has done the tech side of several record breaking NFT's sales. And I've sold my own NFTS for fun, and strangers have bought them (wat!). I'm not a "believer". Crypto is indeed full of idiots - and scammers - and crazy people who will say anything to see the token they hold go up…
Not many of these things depend on crypto or blockchain, though. People on the internet made great art pre-NFTs. Even in terms of recent phenomena, "buy a copy of the constitution" would work just fine as a Kickstarter.
Re: The Tinkerbell Griftopia
#153Earlier quoted context omitted.
I’m curious if anyone actually feels like it’s real, or if it’s 99% speculation. I tend to think it’s the latter.
Some people really feel it, I know a few long-term collectors. Some people are into the VR galleries they assemble, others buy non-standard sized displays fit for specific NFTs to display in their homes. It's definitely an odd little community of rich people collecting digital art. And more broadly people feel attachment to their Twitter PFPs and feel like they can't truly use it unless they own it. It's a new social…
How can anyone possibly be considered a "long-term" collector of something so new yet?
Re: The Tinkerbell Griftopia
#154Earlier quoted context omitted.
I'm not convinced this dialog is in good faith, but no, my argument is that it is a way for artists to get paid, at a much larger scale than they have in the past. Personally, I think artists getting paid does change the world for the better, but I suppose that's open to disagreement. I'm not sure which part of that you think is a scam - are the people buying the NFTs being misled? Is the product sold not what was cl…
> Personally, I think artists getting paid does change the world for the better I don't disagree, but if it weren't for NFTs there are still other ways for them to get paid. Hell, there are still other ways to scam rich idiots for that matter. Point is, it isn't the technology of NFTs getting them paid, it's the sociology around it. My contention is that the technology itself brings us nothing of value. > I'm not sur…
"There are still other ways for them to get paid" is not the same thing as "they would in actuality be paid the same amount". I agreed in my message that it was always possible, and yet it wasn't happening. I don't care whether it's theoretically possible that artists could be paid, I care whether they are actually paid. NFTs are actually getting them paid. You seem to be missing, or avoiding, this point.
I am not making an argument about technology, or sociology, or any of the things you seem to be worked up over. I am strictly saying, NFTs get artists paid, in far greater amounts than they had previously, and I consider that valuable. I've yet to hear a refutation (or an acknowledgement) of this, and I consider it a strong refutation of your own quote "Absolutely nothing about adding a cryptographically secure certificate of ownership to that is valuable" - adding the certificate of ownership radically increased the size of the market, and got artists paid. QED.
Re: The Tinkerbell Griftopia
#155Earlier quoted context omitted.
NFTs are like a combat mech the size of the Solar System. Someone can use it to have a really ironclad DRM implementation, guarding the art you saved and to make sure only its approved owner can view it (mimicking the tyranny of physical scarcity of meatspace for cyberspace goods). The reason you saved it and can view it is that nobody's doing that yet. And because there are way easier and cheaper ways to implement D…
Why couldn't you just have a SQL DB where you store the ownership of these assets though? There's no reason to use an NFT - it's overkill.
Sounds like a business opportunity.
Re: The Tinkerbell Griftopia
#156Re: The Tinkerbell Griftopia
#157I work in the crypto industry right now - my job is to keep bad guys from stealing XXX millions of dollars. I've also worked on a team that has done the tech side of several record breaking NFT's sales. And I've sold my own NFTS for fun, and strangers have bought them (wat!). I'm not a "believer". Crypto is indeed full of idiots - and scammers - and crazy people who will say anything to see the token they hold go up…
> And amidst the flurry of insanity in NFT world, there is some genuinely good art being created. ... The whole game around who gets to pay a stupid amount of money to say they own it of them doesn't diminish the fact that art has been created, and the art can be enjoyed anyone. It is good art, and thanks for the link, I hadn't heard of them before. But I don't see what the NFT aspect adds. They've been creating art…
Yes, some people are selling a lot more art because of NFTs.
For one thing, there's only so much space on your walls for prints, but a huge enormous amount of space in your wallet to hold NFTs. Whales / superfans can spend even more than they otherwise could - which isn't a bad thing for artists.
Another thing is the immediacy of selling. Tweet little corners of something while you make something, tweet about it when it is done, and one or two days later when the auction ends, you have money. A whole of of the friction and delay is gone.
On the other hand, super fast distribution, and direct artist to buyer "connection" on a mass scale means that to make the mega-bucks requires being something like a music star or an instagram / reality star celebrity. Or maybe it's like YouTube / twitch. There are a lot of creators, and some percentage of those creators have massive audiences and some have ten people. Or zero. That kind of change we've seen before in other types of art, and now it's coming here. There are a lot of people who have made NFT's that have never seen a sale. It's not a magic money tree.
Re: The Tinkerbell Griftopia
#158I work in the crypto industry right now - my job is to keep bad guys from stealing XXX millions of dollars. I've also worked on a team that has done the tech side of several record breaking NFT's sales. And I've sold my own NFTS for fun, and strangers have bought them (wat!). I'm not a "believer". Crypto is indeed full of idiots - and scammers - and crazy people who will say anything to see the token they hold go up…
Last night, I was buying some dumb something on some random website, as one does. And they offered cryptocurrency as a checkout option.
"Well, I've got some money in coinbase; why not try it? Its only $10."
It was the best "stateless" checkout experience I have ever had. Sure, Amazon is easier, but I already have an account with them. I'm talking specifically on a totally new website. Select a currency; pops up a QR code with the amount in crypto; punch it in to the coinbase app; scan the QR code; five seconds later its done.
This could even be trivially improved, if that QR code also embedded the amount and the currency type. Just scan and go. Hope we get there.
Of course, its predicated on me already owning crypto. Can't dispute that point.
But not only was this a far better experience than "run to the other end of the house, find my wallet, rip it out, punch in twenty dumb numbers that have faded to near unreadability from being in my wallet, op security code". I'd argue Apple Pay is roughly as convenient as crypto; traditional solutions do exist.
But to think that it was both the easiest checkout experience I've ever had, and (in theory) it doesn't rely on some centralized megacorp gatekeeper taking 5% of the transaction (Visa, Apple, etc), or acting as the centralized merchant every consumer has to interact with (Amazon).
Nothing is perfect! This website was using one of them "centralized gatekeepers" to proxy the transaction. They probably never saw the crypto; they just see USD. I had to overpay a bit in the USD conversion to account for risk spread; speaking of which, the price was still set in USD. The gatekeeper probably took X%. And I use coinbase, which is another one of those centralized gatekeepers.
Yet, I saw a sliver of the promise! It was shining in my eyes with undeniable brightness. This is why crypto exists. Its the Best Path toward allowing independent businesses to digitally transact with their customers, no Visa, no Amazon. Its not finished walking the path it has laid. Maybe it never will. But in our current economic climate, there's no other hope that I can see. Maybe if our government could compete with Visa and lay down a public, digital cash network (crypto or no crypto); but they aren't.
So while it isn't perfect, even in its ideal state (intrinsic implications: environmental, sovereign economic policy, etc); nothing ever is.
Re: The Tinkerbell Griftopia
#159Anyway here you go https://thenftbay.org/description.html https://thenftbay.org/ You can have all the NFTs in existence without having to wear out your right click button. We can all be "rich"
He links that very site in his third paragraph
Re: The Tinkerbell Griftopia
#160Earlier quoted context omitted.
> And amidst the flurry of insanity in NFT world, there is some genuinely good art being created. ... The whole game around who gets to pay a stupid amount of money to say they own it of them doesn't diminish the fact that art has been created, and the art can be enjoyed anyone. It is good art, and thanks for the link, I hadn't heard of them before. But I don't see what the NFT aspect adds. They've been creating art…
Yes, some people are selling a lot more art because of NFTs. For one thing, there's only so much space on your walls for prints, but a huge enormous amount of space in your wallet to hold NFTs. Whales / superfans can spend even more than they otherwise could - which isn't a bad thing for artists. Another thing is the immediacy of selling. Tweet little corners of something while you make something, tweet about it when…
> For one thing, there's only so much space on your walls for prints, but a huge enormous amount of space in your wallet to hold NFTs. Whales / superfans can spend even more than they otherwise could - which isn't a bad thing for artists.
This is quite silly. Digital art has been a thing for years. By raw numbers, the majority of independent artists these days make a living doing digital art commissions. And yes, to whales; I have multiple artist friends who make an absolute killing drawing one-of-a-kind commissioned pornography (furries are loaded!). NFTs did not invent digital art or the digital art market, it's just that techbros are finally realizing it exists now that it's possible to attach cryptocurrency scams to art.