Post A8LReGFMN5QBxU7FRo by Moon@shitposter.club
(DIR) More posts by Moon@shitposter.club
(DIR) Post #A8JOSU6GLpcnGndMR6 by kev@fosstodon.org
2021-06-15T13:52:41Z
6 likes, 8 repeats
#NFT explained. In case you were wondering...
(DIR) Post #A8JOsxEUeuGJ9X6baq by Ashfall@distrotoot.com
2021-06-15T13:57:49Z
0 likes, 0 repeats
@kev So seeing this do you see any potential use for NFT in the future?
(DIR) Post #A8JOuycaT0o82SL70C by Fxsch@mastodon.social
2021-06-15T13:57:57Z
0 likes, 0 repeats
@kev NFTs could be used in a way that makes sense but they aren't. The way Gala Games wants to use them in their upcoming game seems interesting
(DIR) Post #A8JOy0ICi4D25gFUKe by antanicus@puntarella.party
2021-06-15T13:58:18Z
0 likes, 0 repeats
@kev adding @OCRbot to the thread because this is too good to miss
(DIR) Post #A8JOyhddYFu4WbbiD2 by tn5421@fedi.absturztau.be
2021-06-15T13:58:58.991721Z
0 likes, 0 repeats
@kev tl;dr new tamagachi style fad
(DIR) Post #A8JQU6E0HzJHi59VkO by rysiek@mastodon.social
2021-06-15T14:15:35Z
0 likes, 0 repeats
@kev or, as I put it:https://tecc.media/claim-nfts-make-it-possible-to-own-digital-artwork/(yes, shameless plug :blobcat: )
(DIR) Post #A8JQjSgd3jrxiXroXI by bkhan@fosstodon.org
2021-06-15T14:18:02Z
1 likes, 0 repeats
@kev NFTs would be pretty neat for game ownership. Instead of getting a CD key you could get a unique game coin, stored on a platform-agnostic blockchain. That way it's easy to prove you own the game, and if you want to sell it you just trade it like any crypto. That could actually work for anything from movie tickets to land ownership.NFTs are this generation's "The Cloud". One day it'll make sense, but for now it's a buzzword
(DIR) Post #A8JTFf3qmoVXGtD6Cu by TheRealClay@fosstodon.org
2021-06-15T14:46:32Z
0 likes, 1 repeats
@kev 👆 This is an absolutely perfect description of #NFT 😜 🐶 The analogy also perfectly applies to all #CryptoTokens #CryptoCoins all claim they represent some "value" that wasn't created out of thin air.Yet if you quiz a #CryptoCulter on this question, they end up claiming it was the "mining" that created the value, ...but mining has no value unless the Coins already have value, and so it's a "Circular Argument".The real reason BTC has value is "Because Brainwashing" period, full stop
(DIR) Post #A8JZFcrVYtfiAynsmG by coffe@fosstodon.org
2021-06-15T15:52:12Z
0 likes, 0 repeats
@kev This! is! Steller! 👌
(DIR) Post #A8JckkWjPhwAmucNO4 by keydelk@fosstodon.org
2021-06-15T16:32:32Z
0 likes, 0 repeats
@kev maybe if the NFT was tied to the IP rights (copyright or trademark) I would understand it's value. But in that case, why bother with the NFT - the current copyright office / trademark registry already defend IP.
(DIR) Post #A8KmIHGzmKJueNHPLU by nathan@wpbuilds.social
2021-06-16T05:54:43Z
0 likes, 0 repeats
@kev I literally don't get it! It almost seems (in some cases) like a profound misuse of money which could have done boat loads of good in schools, hospitals etc. In fact the amounts paid for some things are boarding on insane.
(DIR) Post #A8L4yW371v3Roa4o4W by kev@fosstodon.org
2021-06-16T09:24:04Z
0 likes, 0 repeats
@nathan yeah, I agree Nathan. The whole thing is ridiculous. I think there are valid uses for NFTs, but as usual, money gets in the way.
(DIR) Post #A8LJXJa4mGbEdeyyx6 by LukeAlmighty@gameliberty.club
2021-06-16T12:07:24Z
2 likes, 0 repeats
@kev I think there is a chance that NFTs could be used for patents or other things, where you want the owner of an idea, that anyone still can see and copy.But when it comes to art? :alexjonessmile2:
(DIR) Post #A8LK2YCIU3VgwpkqJM by cassidyclown@kiwifarms.cc
2021-06-16T12:13:04.627442Z
3 likes, 1 repeats
@kev NFTs only made sense after I watched this and realised it's just a waifu claiming system for crypto-rich coomers:https://www.youtube.com/watch?v=znpShfcPCgE
(DIR) Post #A8LP6QeqxN8yUgmQXw by LucoaMilkers@poa.st
2021-06-16T13:09:48.167152Z
0 likes, 0 repeats
@LukeAlmighty @kev I understand that NFTs are meant to be a tool for true ownership of digital items, and a way to handle and trade these items outside the frames of centralized apps/platforms. Value of the NFT is supposed to come from its utility, scarcity and past owners while the value of the NFT market as a whole should follow the integration of the NFT blockchain into games and apps like Twitter.
(DIR) Post #A8LPvsQdSvDHOMf7Gi by LukeAlmighty@gameliberty.club
2021-06-16T13:19:03Z
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@LucoaMilkers @kev Value of the NFT is supposed to come from its utility, scarcity and past owners.Economics 101Value comes either from utility or value as precieved by others. So, let's start from the simple part. Past owners.If you saw a guitar, that at one point belonged to Elvis, it will gain value in your mind. fair enough. But would you honestly buy an NFT only couse at one point it belonged to someone? I would not, but there is "some" value there.Scarcity... of what? Scarcity is made by more people wanting to buy shit then there are people willing to sell shit. That means, that if there comea a crysis or another shiny toy, the moment people loose interest, you IMMEDIATELLY loose the ability to sell your NFTs.And utility... I might be dumb, but outside some serious dependency on legal framework, I see no utility in a single string being placed on some random site. As far as I'm consterned, it has same value as your name on a speedrunning board. It's neat I guess, but there is no reason to buy it, unless you realy care for tbe sake of seing your name.
(DIR) Post #A8LQOM2axfJFLCzqym by Moon@shitposter.club
2021-06-16T13:24:14.831388Z
1 likes, 0 repeats
@TheRealClay @kev you're not even wrong
(DIR) Post #A8LQZmKpXaZq4myPhI by moth@husk.site
2021-06-16T13:26:18.806801Z
1 likes, 0 repeats
@Moon @TheRealClay @kev >.>;; I mean, he is, but ok.
(DIR) Post #A8LQmvLjKuYVnaf8ka by mute_city@poa.st
2021-06-16T13:28:39.074587Z
0 likes, 0 repeats
@LukeAlmighty @LucoaMilkers @kev > some serious dependency on legal frameworkI think so as well.Tradeables in mmos come to mind, which have a "de facto legal" quality.Which means someone from the outside voluntarily binds utility he controls to this ledger.
(DIR) Post #A8LQr6zjytSB4gNFZY by moth@husk.site
2021-06-16T13:29:26.744041Z
1 likes, 0 repeats
@Moon @TheRealClay @kev The inherent value of btc is a functional one; mining is just guessing hashes, but it serves as a dual-mechanism of scarcity and to process transactions within the context.
(DIR) Post #A8LR4EnqGJbH3V4F2O by moth@husk.site
2021-06-16T13:31:49.042681Z
2 likes, 0 repeats
@Moon @TheRealClay @kev The more ironic part is that a digital receipt (nft) is "burning down the rainforest" while the physical paper receipt made from actual trees is totally cool and meaningful?
(DIR) Post #A8LR7DFsTPM77jbEHY by Moon@shitposter.club
2021-06-16T13:32:21.217187Z
2 likes, 0 repeats
@moth @TheRealClay it's not worth responding intelligently to someone this misinformed. He doesn't know and doesn't care that he doesn't know. He knows that Bitcoin is morally icky.
(DIR) Post #A8LRCJgO0GK0VSQrTM by moth@husk.site
2021-06-16T13:33:16.693624Z
1 likes, 0 repeats
@Moon @TheRealClay Sometimes Why needs to take me aside and just say "Shitposter Club" at me before I get it.
(DIR) Post #A8LRFHtB81sroPpfxQ by LukeAlmighty@gameliberty.club
2021-06-16T13:33:47Z
0 likes, 0 repeats
@mute_city @kev @LucoaMilkers The thing is, you don't need an NFT to trade in an MMO, since all of it is centralized. That is why I used patents as an example. You can sell a patent, and it is not tied to any particular physical or digital item. BUT when you see someone using it, you can point to NFT and let the legal framework do the rest.
(DIR) Post #A8LReGFMN5QBxU7FRo by Moon@shitposter.club
2021-06-16T13:38:19.435658Z
1 likes, 0 repeats
@moth you were right though my "not even wrong" comment was wrong, he was just wrong. He was just so wrong that it felt like he was talking about something else.
(DIR) Post #A8LSOsQGlZKrgDRlgW by guizzy@pleroma.guizzyordi.info
2021-06-16T13:46:44.454890Z
2 likes, 0 repeats
@moth @Moon @TheRealClay @kev Not Even Wrong is a turn of phrase used to refer to a take so utterly out there and misinformed it transcends right and wrong.
(DIR) Post #A8LSbgfHnD80yiZyKG by Moon@shitposter.club
2021-06-16T13:49:03.959784Z
1 likes, 0 repeats
@guizzy @moth @TheRealClay @kev the original NFT analogy at the top of the thread is somewhat accurate I hate to admit.
(DIR) Post #A8LSm4axfwK45nVbzk by moth@husk.site
2021-06-16T13:50:56.033729Z
1 likes, 0 repeats
@Moon @guizzy @TheRealClay @kev You can get anything notarized, but is that a reflection upon the function of notarization, or what someone chose to do with it?
(DIR) Post #A8LSvAZ0qzsnD4w1GC by LucoaMilkers@poa.st
2021-06-16T13:52:35.248300Z
0 likes, 0 repeats
@LukeAlmighty @kev Yeah there’s no utility and no reason to touch NFTs the way things are now. Utility will only come if games and social media platforms decide to integrate them. Now imagine this: Twitter decides to fully embrace the blockchain, users now can display their verified NFTs in tweets/galleries and trade them on the marketplace, e-celebs have more ways to engage their communities (NFTs that send percentage of each re-sale to charity. Participation trophies. Consumable NFTs that entitle the holder to a shoutout.) And lastly a gamified way to raise funds for projects, animation studios could sell memorable shots from their works as verified NFTs which doubles as an advertisement if the NFT skyrockets in value and people talk about it
(DIR) Post #A8LT4uZFBMxCUhgjTc by guizzy@pleroma.guizzyordi.info
2021-06-16T13:54:20.148898Z
2 likes, 0 repeats
@Moon @TheRealClay @kev @moth Yeah, it's an uncharitable framing of an accurate understanding of it. There's plenty of examples of people willingly giving money to be associated with art they cannot physically have in their possession. And outside of art, there's also the possibility of unlocking something external to the blockchain with proof of NFT ownership.
(DIR) Post #A8LTLuzwpmaCkkHwQq by lain@lain.com
2021-06-16T13:57:24.065986Z
3 likes, 0 repeats
@guizzy @Moon @TheRealClay @kev @moth domain names are NFTs. concert tickets are NFTs. signed and numbered prints are NFTs. The OP image description is firmly in the 'not even wrong' area as well.
(DIR) Post #A8LTPoeiMDOGEyDOvw by LukeAlmighty@gameliberty.club
2021-06-16T13:58:05Z
1 likes, 0 repeats
@LucoaMilkers @kev It all sounds nice, but even if celebrities were selling nudes with an NFT lock of some kind, It will always become a .jpg or .avi the moment aomeone has an ability to display it once.There are many from air ecomomies, don't get me wrong, but all I am saying is, that these economies do not survive a slight shaking, since they are not based in utility, but only on a desire difference between owners.
(DIR) Post #A8LTXDi7bNqTySL6TA by Moon@shitposter.club
2021-06-16T13:59:27.881334Z
1 likes, 0 repeats
@moth @TheRealClay @guizzy @kev I'm not down on the entire concept, just admitting that the most popular NFTs are kind of like what they described. A digital "ownership" is a fluffier concept than physical ownership of an item, but (good) NFTs are closer to real digital ownership than anything else I can think of. It's a real advancement imo.
(DIR) Post #A8LUOS72moaDzNNbTE by rats@alt.suicide.holiday
2021-06-16T14:09:04.016724Z
2 likes, 0 repeats
@moth @Moon @TheRealClay @kev the value of something being "whatever someone is willing to pay for it" works pretty wella lot of times it doesn't make much senseyou can say brainwashing is why hhkb or rare comic books or garments by "vetements" are so expensive but it still works and then fiat currencyif you start to deconstruct this concept then a lot of things outside of NFTs, in your everyday life, also fall apart
(DIR) Post #A8LUgoU6LZCsaQv5P6 by guizzy@pleroma.guizzyordi.info
2021-06-16T14:12:23.495497Z
0 likes, 0 repeats
@lain @Moon @TheRealClay @kev @moth I mean, it is accurate in the way it describes it as a label that says "x person owns the Mona Lisa". It's just framed to make it sound as stupid as possible, glossing over the fact that, yeah, so's a deed to land, and few people would argue the value of that.
(DIR) Post #A8LV0vOCNuQlnEkTpY by moth@husk.site
2021-06-16T14:16:02.171782Z
1 likes, 0 repeats
@rats @Moon @TheRealClay @kev For speculative values, I agree, but I wanted to restrict to inherent for the argument. It's a response to the claim that 'The real reason BTC has value is "Because Brainwashing" period, full stop' -- the value of the functional ability to keep a public ledger to store things in and of itself, the mechanism of scarcity might be arbitrary in a vacuum, but I'll bet Kev's money still has a serial number of some sort on it. So he's implicitly fine with PoA issued tokens, and doesn't have an issue with arbitrary scarcity at core.
(DIR) Post #A8LW3q0yvIRZwnqGx6 by LucoaMilkers@poa.st
2021-06-16T14:27:46.149030Z
0 likes, 0 repeats
@LukeAlmighty @kev People will buy game items, they won’t buy screenshots of the game items. Both are jpgs but one is verified and utilized the other is not. If someone buys the screenshot they are just stupid
(DIR) Post #A8LWHbmIeU8DqZXbdI by LukeAlmighty@gameliberty.club
2021-06-16T14:30:04Z
0 likes, 0 repeats
@LucoaMilkers @kev So, let me ask again.Why do you need an NFT for an in-game item, that can be saved in a company owned database instead?
(DIR) Post #A8LWvgk5c7uIpKcQgy by lain@lain.com
2021-06-16T14:37:28.830611Z
0 likes, 0 repeats
@guizzy @Moon @TheRealClay @kev @moth i think the framing gives you the completely wrong impression. the Mona Lisa itself is an NFT! You can print out a million mona lisas on your laser printer at home, but that makes nobody say 'duh why are the idiots at the louvre putting this on display i can just buy a poster of it on amazon'.
(DIR) Post #A8LXIIMqPCMBtEWf6e by guizzy@pleroma.guizzyordi.info
2021-06-16T14:41:34.360112Z
2 likes, 0 repeats
@lain @Moon @TheRealClay @kev @moth Black Mirror: But wot if ya mum was an nft?
(DIR) Post #A8LYQ9BEXzTRfPP2no by LucoaMilkers@poa.st
2021-06-16T14:54:12.671966Z
0 likes, 0 repeats
@LukeAlmighty @kev That was just an example against the “it’s just a jpg” schtick. Game devs who profit from transactions won’t do it, but a re-sale cut of in-game items could work as an alternative revenue stream for crypto-minded developers
(DIR) Post #A8LYlIIJr77C11niMK by shmibs@tomo.airen-no-jikken.icu
2021-06-16T14:57:58.587607Z
2 likes, 1 repeats
@lain @TheRealClay @kev @moth @guizzy @Moon oil paintings are fancy textured 3d objects that can't be printed yet. would be fair comparison in a super 3d printing future, though, same then for whatever other objects could be printedcircumvent scarcity first before reintroducing it artificially
(DIR) Post #A8LbsmPsYqyXKJb8bY by TheRealClay@fosstodon.org
2021-06-16T15:07:45Z
0 likes, 0 repeats
@moth @Moon @kev The scarcity of Bitcoin is built on the assumption/requirement that you have to have already concluded that all other coins are sh**coins. Worthless. However once you do that, it's obvious and apparent that you're not judging technology on it's merits, but are merely saying what benefits yourself as a BTC HODLER.I love watching people like Michael Saylor try to explain why BTC is "scarce" when stuff like Doge even exists, proving him wrong. It's literally "open source" lol.
(DIR) Post #A8LbsmqowgWgfsCebA by moth@husk.site
2021-06-16T15:32:59.682792Z
0 likes, 0 repeats
@TheRealClay @Moon @kev Scarcity is not a measure of value, or an assumption, it's about the difficulty of producing a hash that is prefixed with a number of zeros -- the value that I'm asserting exists lies in the technical abilities that such software enables, in the same way that I would say a shovel has objective functional value.We don't even need to share a monetary system for the abstract of value that I am proposing, that's how fundamentally basic this is.
(DIR) Post #A8Lc7YmvVrgNP3QThY by moth@husk.site
2021-06-16T15:35:40.356342Z
1 likes, 0 repeats
@TheRealClay @Moon @kev I am also not shilling any coin, btc or otherwise, just being realistic about what the software does. A distributed ledger is just software, much like a spreadsheet, so value is going to be very contextual to who is using it, and how.
(DIR) Post #A8Lf1785jZ3HkKwZCS by TheRealClay@fosstodon.org
2021-06-16T16:03:41Z
0 likes, 0 repeats
@moth @Moon @kev Scarcity is THE key reason crypto advocates call their tokens "valuable". Without the [false] scarcity claim their logical fallacy crumbles, to they cling to it for dear life.They'll claim that the energy expended in guessing a hash (mining) is what "created" that value by "enforcing" that scarcity.But you can always prove them wrong by way of example: So DogeCoin's existence proves Bitcoin Scarcity is meaningless. Cryptos aren't scarce. They're more abundant than fiats.
(DIR) Post #A8Lf17lRNGWliNLzX6 by moth@husk.site
2021-06-16T16:08:06.873764Z
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@TheRealClay @Moon @kev Scarcity is a dependency for all systems of representation, from money to identity -- so I have no idea what you're talking about. It doesn't seem like you're speaking to me either, and I don't know who "crypto advocates are" but they're not here.
(DIR) Post #A8Lf1GYIhUMeyEH7nk by Moon@shitposter.club
2021-06-16T16:08:08.658274Z
0 likes, 0 repeats
@TheRealClay @moth @kev eppur si muove
(DIR) Post #A8Lg6MZXqT9v2kqrIG by TheRealClay@fosstodon.org
2021-06-16T16:18:59Z
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@moth @kev @Moon It's amazing how 99% of the time a social media discussion/debate (where two people have differing opinions) ends up at a simple disagreement over the definition of a word, like "scarce".Each side will insist on the word definition that benefits their argument. You'll never convince a crypto advocate tokens aren't scarce because they've simply redefined the word scarce to fit the needs of the cult, and they've done so subconsciously. That's why I call them brainwashed.
(DIR) Post #A8Lg6N69tDFMfu6u80 by moth@husk.site
2021-06-16T16:20:15.751626Z
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@TheRealClay @kev @Moon Doesn't pigeon chess get boring?