421–430 of 786 posts
Regarding the energy use: Since the 1st of March Cardano has native tokens (you can create your own token without the need for a smart contract) and multi-assets (wallets and transactions can contain more than one asset). The blockchain is using Proof-of-Stake and a full node runs on a raspberry pi 4. So it is completely possible to have NFTs without the massive energy consumption of Ethereum and without the very hig…
The fact we’re so far into crypto and NFTs that this famous bloggers take is “it’s bad for the environment” should be the signal he’s past giving relevant takes. This would have been the take to have in the first months of Bitcoin. A boomer can’t comprehend the actions of the generation where house prices rocketed and their salaries stayed the same. They’re going to do whatever it takes to build wealth and gambles li…
It’s pretty always better to do so.
Saying ‘yeah but if I do that, I still won’t be able to afford x purchase’ easily becomes a justification for being in debt, which just doesn’t help.
Even if we don’t live in a meritocracy, behaving as if we do and assuming you can increase your merit, is an effective strategy.
There seems to be a mix of legit use cases and mania going on with the NFT craze. I can see use cases like NBA Top Shot being legit, here you have essentially the digitization of trading cards (a proven collectable market) backed by a major sports league. The top shot "moments" have some unique advantages over traditional trading cards in that they can't be damaged/stolen/lost, can be traded instantly online, and may…
Wait so you can create an NFT on a tweet that you don't own? You're just claiming ownership in this NFT universe but it doesn't entitle you to anything related to the tweet does it? Meaning Jack Dorsey who "owns" the tweet didn't create an NFT on the tweet, a 3rd party did?
https://edition.cnn.com/2015/05/27/living/richard-prince-ins...
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"Shelter" sounds like a modest expectation, but at least for me, and a lot of other people, a decent level of "shelter" requires you to be pretty well off. The average house here in the UK costs £~305k, so a mortgage on that requires like 30k deposit + 60k income, which means being a top 10% earner. I've no real aspiration to be "rich" in a superyacht sense, but I would like to be able to remain in my home city and o…
The solution is simple: build more houses to increase supply. It needs to be said: there is a drastic shortage of decent housing in the UK . The cost of building a new house is approaching less than half the final sale price (if not even less) simply due to pressure from scarcity. Why aren’t people building as many new houses as there’s clearly demand? Numerous factors: greenbelt laws, height restrictions, “Right to…
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The problem I think, is that their art still isn't selling. NFTs aren't art, they are effectively trading cards referencing art. These trading cards are, somewhat mysteriously, selling, and that does get money into the hands of artists which is good, but they're not doing it by encouraging people to buy art or tip artists, and it's hard to see how "everyone can just print trading cards referencing things" is a sustai…
Think of it as a certificate of authenticity. If it's not made/endorsed by the artist it's not worth anything.
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Art is what people say it is. Its appreciation is what probably separates us from the animals and certainly separates us from the AIs. We say "Beauty is in the Eye of the Beholder", because it's true. There will be no accounting for a persons own taste or for what society finds fashionable today or over time. If what you personally call Art and its story speaks to you then it is valuable. If others share that feeling…
Animals certainly appreciate beauty among each other[0] probably also in the environment[1]. AI can be trained to recognise and prefer beauty as well. [0] http://www.bbc.com/earth/story/20150511-why-are-animals-so-b... [1] https://www.independent.ie/entertainment/sir-david-attenboro...
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"Shelter" sounds like a modest expectation, but at least for me, and a lot of other people, a decent level of "shelter" requires you to be pretty well off. The average house here in the UK costs £~305k, so a mortgage on that requires like 30k deposit + 60k income, which means being a top 10% earner. I've no real aspiration to be "rich" in a superyacht sense, but I would like to be able to remain in my home city and o…
Good point. In most modern cities, the only individualistic solution to escape eternal rent-slavery (forgive the strong word) is to become rich. A collectivist solution would be to coordinate with other citizens to abolish the building/zoning restrictions and savings devaluation enforced by local and national governments, that cause the constant real estate price inflation in the first place.
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The point you’re making is valid, but you’re side stepping the key concern being raised. The tokens you acquire are worth nothing. Nothing about owning a token grants you any rights to anything other than what some other person is willing to pay/exchange it for. So if a game developer chooses to accept tokens, you can use them; but that developer can at any time choose to stop accepting tokens or a subset of tokens m…
Rephrasing your questions and critiques more broadly: What is the point of all this digital infrastructure if no one uses it? Why would anyone use it? This is a more difficult question for NFTs as the market is even smaller than the financial use cases which has been driving blockchain applications. It'll take some time for seemingly legitimate and long-lasting value in areas for NFT to emerge as they are still being…
I simply can’t see how that is possible for digital assets you can copy and paste and have two copies of the original asset; it only works for physical assets where there can only be one copy of the asset, ever.
You’ve hit it on the head: what does it mean to own an image when ten other people also “own” a copy of it, and any of them can create more copies other people can “own”.
It’s meaningless, unless you assert ownership entitles you to additional legal rights beyond what the token conveys... and in which case, how the hell is that different from the same thing with no crypto involved?
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> If that’s what you want throw a “transfer” button on your site. Well when you buy a ticket from ticketmaster you can’t exactly dictate what features they offer through their platform...not to mention ticket master is a 3rd party service that they take a massive cut. blockchain is cutting these 3rd parties out in these use cases, allowing the event holders to easily mint the admission tickets and users take advantag…
The thing that makes ticketing difficult is not minting and selling unique items of inventory - that's a well understood problem with many viable solutions. Nor is verifying at any given moment if a single piece of inventory is valid and who owns it - again, that's a solved problem. The secondary markets in ticketing exist because there's an excess of demand and entities who can exploit access, speed, or technical kn…
I don't buy "excess of demand" as being fundamental, though, except in the most technical sense. Imagine a super niche event, where the organizers know there are exactly 200 fans on the entire planet, and they offer that many tickets on sale. It still makes sense for a random scalper to take a loan, buy all 200 tickets, and resell them with a markup. It would still make sense if the organizers offered 300 tickets, i.e. greater supply than demand in terms of heacount! A scalper could still come ahead buying all 300, selling 200 at a high enough markup, and feed the remaining 100 tickets to a cat.
I think scalping (arbitrage) can occur in any situation in which the supplier isn't charging the maximum the market can bear (perhaps that's what is meant by "excess of demand" and I'm missing some technical definitions here).