41–50 of 251 posts
Earlier quoted context omitted.
Well, I saved a bunch of that art and can view it any time.
Open source funding hits art. Anyone can view it and get the benefit of doing so, the artist got paid to create, somebody gets bragging rights. Everybody wins.
Earlier quoted context omitted.
Open source funding hits art. Anyone can view it and get the benefit of doing so, the artist got paid to create, somebody gets bragging rights. Everybody wins.
So you admit all NFTs are just bragging rights, That is FUCKING STUPID.
Earlier quoted context omitted.
Well, I saved a bunch of that art and can view it any time.
Open source funding hits art. Anyone can view it and get the benefit of doing so, the artist got paid to create, somebody gets bragging rights. Everybody wins.
Earlier quoted context omitted.
Well, I saved a bunch of that art and can view it any time.
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…
Devil's Advocate: Do cryptocurrencies have _any_ legitimate use case? I can see that some newer and non-mineable coins, Solana, Avalanche, Hedera, XRP, XLM, etc don't have mining issues that the big coins (BTC, ETH, Chia, etc) have. Is what I am seeing from critics that there has been absolutely no progress whatsoever in this space?
Earlier quoted context omitted.
People need to be paid to do the work, so they can eat and pay rent. We dont actually live in a post scarcity star trek world. So we find a way that people can be paid yet the information and content can remain free to everyone. It seems like lots of people like this. For some reason some people really really hate that other people are willing to pay to make content freely available to them. The people buying NFTs ar…
NFTs aren't funding art in any substantial. They are funding some people playing the NFT/status game. People making art are supported by Patreon, commissions, etc.
That said, -they were already creating art-. They're now getting better funded, which is great, but they also have geared their art toward that funding (see Bitcoin Angel as an example), which is, I would contend, a form of selling out (but is probably not much worse than patronage), and the source of that funding is horrific for the environment and requires a collective speculative delusion, but I've yet to see any art come about because of NFTs. To be fair there, though, I don't think art for the purpose of making money is a thing; artists create because of a desire to create, and hopefully it gets suitably appreciated to make money.
I think he missed the part where the crypto infrastructure is aggressively based on open-source, abundance, post-scarcity, universal access, and equality. The current "assets" that are traded are indeed meaningless, as is most of what people buy with money beyond food and basic shelter. This is what initial post-scarcity looks like: people being ridiculous with assets because they realize that assets themselves are r…
I 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…
I bucketed crypto projects into two categories: (1) things that are only possible on crypto networks, and (2) things that people aren't motivated to do on other networks. For example, the US is woefully missing a banking API, especially for consumers. DeFi takes a stab at this. DeFi is still mostly closed circuit and too expensive, but if it continues to grow and integrate with non-crypto financials, that's a strong basis for a banking API.
The blockchain ecosystem has also fueled a lot of work into zero knowledge proofs and its components like homomorphic encryption, which has uses outside of blockchain. So even if the grand experiment fails (strongly doubt the whole thing fails) there will be a lot of cool technical progress that has been made alongside it.
I think what Stephen misses in his campaign against crypto is that the old ideals have already been coopted and smothered with the corporatization of the web and splintering of what was a decentralized ecosystem into a megacorp walled gardens. I know there's a tiny community of non-crypto decentralized web advocates and I hope they win. But, the main force for a return to decentralization is in crypto and the only re…
It'd be awfully nice if said decentralization was offering more valuable things than just naked ponzi schemes.
I'm on team "we're in an ad bubble and it's disgusting that these major companies created a surveillance state" but the alternative presented is an extremely toxic culture of money-obsessed scammers who burn energy with reckless abandon.
I'd advise that proponents of cryptocurrency-based systems like "web3" clean their houses out a bit.