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NFTs – what do we know about them?

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Comments

  • @NeuM said:
    I’m not sure what your point is here? In case you haven’t been paying attention, the US just pulled a series of multi-trillion dollar stimulus packages out of thin air and the country is now in debt to the tune of some $28 trillion dollars (debt per taxpayer $224,455 as of this post). If this doesn’t concern you, it does concern some of the biggest corporations and financial organizations in the world, as they are pouring billions into Bitcoin as a long-term hedge against inflation now (see: Michael Taylor of MicroStrategy, Elon Musk of Tesla, Morgan Stanley, Grayscale Investments).

    I think it’s great that you’re skeptical. I was skeptical until I looked into it much more closely and started to question my assumptions.

    80 years of fearmongering...

  • edited April 2021

    This has all you need to know: https://usdebtclock.org/

    And here is where money is going today: https://coinmarketcap.com/
    (It’s interesting to note that Bitcoin has blown past a $1 trillion market capitalization recently.)

  • why n f t 's ?

    to get paid
    to speculate
    to track and trace

    to be paid, means 'money'
    to speculate, means "money"?
    to track and trace, means «control» ?

    why was my anger ;?]

    my anger at the "middle-men",
    those that « control »

    the "priest-class"
    the "money-men", the "bankers", the "money"

    in a "money"-driven culture, this is not helpfull ;))

    let go of anger, , , , no anger no d anger

    "first you lose a fist, then you gain a hand"

    should i n f t this phrase?
    claim ownership?
    and ownership from who(m)™ ?

    and ownership for how(m)™ ?

    in the nwo, what of ownership?

    (and just what were those calculations used for bitcoin really used for?)
    [apollogies for the bitcoin call-back, i'm seeing this thread as a thread for futurtech]

    was my anger birth related?
    anger at my delivery , and those involved ?

    and was anger expanded out to the delivery of the machine?
    to the "birth" of the androIDgynous?

    "just because the obstructician's hands are crooked, does not make baby bad"

    it is safe to breathe into the future
    it is safe to breathe in the future
    it is ok to be a breather,
    n an androIDgynous world

    it is ok to breathe :))[[shuffleplay leaves space for "chance"]]


    and on a psps to the op

    i injoyed your review of the man who fell to earth,
    my favourite part was you leaving in the lost lines :))


    and on a pspsps to the forum

    what became of the @monzopro @max23 @ others ?

    flowers overboard?

  • @NeuM

    the idea that bitcoin is freedom from «control» has been heavily backed//pushed

    bitcoin, blockchain technology is the dream of «control»

    the "debt" at the point of creation under the usurus "bonds" and "gilts" system
    is now paid in processing power,
    humanity swallowed by the machine

  • as i breathe and learn...

    do blockchain's really have "nonces" ?
    does "nonce" _really_mean the present moment?

    another example of the inversion of our worLd?

  • @richardyot

    you may injoy this, i know when i first read it, it loosened ideas and feelings in me :)

    https://archive.org/details/Billions20for20the20bankers/page/n11/mode/1up

    [shared with Love]

  • edited April 2021

    @simonnowis said:
    @NeuM

    the idea that bitcoin is freedom from «control» has been heavily backed//pushed

    bitcoin, blockchain technology is the dream of «control»

    the "debt" at the point of creation under the usurus "bonds" and "gilts" system
    is now paid in processing power,
    humanity swallowed by the machine

    Look into what “decentralization” means. Crypto does not require a middleman, but it does require use of blockchain for independent verification. When cryptos are bought and sold on any number of exchanges, there is a middleman and fees are charged.

    When you use fiat money issued by a central banking authority, you are using a representation of value. That value is eroded when it is backed by nothing and the issuing authority has been cranking out new ones at historic levels. Bitcoin (which is just one of many types of cryptos) has a finite number which will eventually be reached, based on math. That’s not the same story with Federal Reserve notes.

  • @simonnowis said:
    @richardyot

    you may injoy this, i know when i first read it, it loosened ideas and feelings in me :)

    https://archive.org/details/Billions20for20the20bankers/page/n11/mode/1up

    [shared with Love]

    Sorry, that's not how the Fed works, at all. That entire document is a fiction.

  • @AudioGus said:
    problem solved! now everyone can be rich...

    http://beeplegenerator.com/

    Hahahah...best bit of trolling I've seen in a long time. Nice Find!!!

  • This video I found is about the closest thing to an answer to the question posed in this topic:

    Blockchain Music Rights in (About) 3 Minutes

    Almost all other information about how to publish or mint an NFT of music parrots off a prescribed cargo-cult list of steps to blindly follow, usually beginning with signing up to some minting service immediately followed by installing ‘metamask’. What if I don’t want to use a browser-based wallet? The howtos stop there and don’t present alternatives.

  • @u0421793 said:
    This video I found is about the closest thing to an answer to the question posed in this topic:

    Blockchain Music Rights in (About) 3 Minutes

    Almost all other information about how to publish or mint an NFT of music parrots off a prescribed cargo-cult list of steps to blindly follow, usually beginning with signing up to some minting service immediately followed by installing ‘metamask’. What if I don’t want to use a browser-based wallet? The howtos stop there and don’t present alternatives.

    It's an idea that's been kicking around for a while:

    https://qz.com/620454/imogen-heap-wants-to-use-blockchain-technology-to-revolutionize-the-music-industry/ (2016)

    http://myceliaformusic.org/2018/06/20/mycelia-imogen-heaps-blockchain-project-artists-music-rights/ (2018)

  • Has this been posted already?
    Very entertaining video about NFTs and blockchain. It's going to enrage some people here, but it seems very solid.

  • I'm enraged already just looking at that font.

  • I believe it's "ironic."

  • @ExAsperis99 said:
    Has this been posted already?
    Very entertaining video about NFTs and blockchain. It's going to enrage some people here, but it seems very solid.

    👍

  • I would suggest this, a lot deeper article about energy consumption of Bitcoin mining..

    https://www.danheld.com/blog/2019/1/5/pow-is-efficent

    Of course it's just for those who are not satisfied with average Joe "blah blah carbon footprint blah blah more than argentina bla bla" crap - some mind blowing consequences and implications are described there for open minded people ...

    Who want stay safe inside own bias buble, wasting of time read that article, in this case is ok to get informarion just from some random studio guy who just recently googled some things and now he is world class expert on topic :-)))

    I guess it's today's new normal, to don't go with some medical issues to doctor who studied medicine for X years, but rather to somebody who just google some basic medical information :-))

  • @dendy: just curious, it puzzles me that you treat literally everyone (which includes a lot of people whose job it is to study things) who disagrees with your take as living in a bias bubble. It is Just as possible that you are in a bias bubble.

  • edited April 2021

    @espiegel123 said:
    @dendy: just curious, it puzzles me that you treat literally everyone (which includes a lot of people whose job it is to study things) who disagrees with your take as living in a bias bubble. It is Just as possible that you are in a bias bubble.

    That's something someone in a bias bubble would say.

  • It also strikes me as strange that anyone would argue that PoW is not wasteful when even Ethereum’s founder says that the energy consumption associated with PoW is unacceptable.

  • Such are promises
    All lies and jest
    Still, a man hears what he wants to hear
    And disregards the rest

  • edited April 2021

    interesring interview, higgly suggested for everybody who is interested more deeply in fundamentals of Bitcoin, from trading point of view ... one of greatest analytics Willy Woo and great trader from traditional markets Peter Brandt about topic ...

    @espiegel123
    just curious, it puzzles me that you treat literally everyone (which includes a lot of people whose job it is to study things) who disagrees with your take

    nope.. i just don't like geniuses who google a bit something and they then are big experts suddenly.. not just in crypto, it's same in science, coding, everywhere.. btw. inwas in same "bubble" like richardyot and other "mining carbon footprint" alarmists 5 year ago so i understand a bit their point of view.. like that was EXACTLY my opinion, until i didn't digged deeply into topic and made my own opinion.. knowledge literally kicked me out of this bubble..

  • wimwim
    edited April 2021

    I would seriously love it if someone could explain to me why the debate about blockchain energy consumption is so pervasive. To me it's irrelevant given that blockchain technology is a fact of life and there's not a damn thing anyone can do about it (other than try to find ways to improve the technology).

    I just don't get it.

    I'm not being provocative. I'm truly stumped on this one. I'm open to any aspects I'm overlooking.

    ( And please don't take me wrong, I'm not cavalier about environmental impact (of anything). I hate what we're doing to our poor old planet almost as much as anyone. )

  • @wim said:
    I would seriously love it if someone could explain to me why the debate about blockchain energy consumption is so pervasive. To me it's irrelevant given that blockchain technology is a fact of life and there's not a damn thing anyone can do about it (other than try to find ways to improve the technology).

    I just don't get it.

    I'm not being provocative. I'm truly stumped on this one. I'm open to any aspects I'm overlooking.

    ( And please don't take me wrong, I'm not cavalier about environmental impact (of anything). I hate what we're doing to our poor old planet almost as much as anyone. )

    The notion that it isn’t worth discussing the harm or potential of harm just because it is currently in use makes no sense. By that reasoning, it wouldn’t have been worth discussing DDT use or any number of other problem chemicals. POW blockchain is not irrevocably here to stay.

  • wimwim
    edited April 2021

    @espiegel123 said:

    @wim said:
    I would seriously love it if someone could explain to me why the debate about blockchain energy consumption is so pervasive. To me it's irrelevant given that blockchain technology is a fact of life and there's not a damn thing anyone can do about it (other than try to find ways to improve the technology).

    I just don't get it.

    I'm not being provocative. I'm truly stumped on this one. I'm open to any aspects I'm overlooking.

    ( And please don't take me wrong, I'm not cavalier about environmental impact (of anything). I hate what we're doing to our poor old planet almost as much as anyone. )

    The notion that it isn’t worth discussing the harm or potential of harm just because it is currently in use makes no sense. By that reasoning, it wouldn’t have been worth discussing DDT use or any number of other problem chemicals. POW blockchain is not irrevocably here to stay.

    Discussing it I get. Complaining about it hoping to spur action to find ways to overcome the waste somehow I get. Arguing it as if proving it’s bad will somehow stop it from happening is what I don’t get. Maybe my focus is too narrow, but that is all that I seem to see happening.

    You’ve provoked my curiosity though. Can you lay out a scenario where POW blockchain goes away? What would enable that, and how the debate over whether or not its energy consumption is egregious as people claim would accomplish that?

    I’m being sincere here. I just don’t see it.

  • wimwim
    edited April 2021

    Actually. Nvm.
    I’m OT’ing the thread again.
    Sorry.
    It really isn’t important.

  • wimwim
    edited April 2021

    Did I just write a Haiku? I swear that was unintentional.
    Maybe it’s a Senryū. I dunno. Those high school brain cells died in the late 70’s.
    Not either I guess. Oh well, that’s the first even remotely poem like thing I’ve written in over 40 years. :D
    Imma sell an NFT of it...

    Yay! Back on topic.
    Nice save, Wim!

  • edited April 2021

    @wim
    I would seriously love it if someone could explain to me why the debate about blockchain energy consumption is so pervasive. To me it's irrelevant given that blockchain technology is a fact of life and there's not a damn thing anyone can do about it (other than try to find ways to improve the technology).

    I don't think it's irrelevant. It's important to do not give up on trying to explain how things really works to people who really don't understand it, but are afraid of it. Because every lack of knowledge is danger for progress of mankind. When people discovered steam engine, there was lot of people agains it, mostly from totally irrational reasons. When people started adopt using of electricity again lot of people were afraid of it. When people discovered nuclear energy- same case. And so on and so on. People are always afraid of new technology which they properly don't understand. Yeah every new technology has also own risks, and it's good to manage it. But rejecting technology as such is not solution.

    One of main problems of this world are people having strong opinions about topic they really don't understand. And make no mistake, this topic is something, on what you really needs spend a LOT more time to study it than just few days or month.

  • wimwim
    edited April 2021

    I’ll admit I’m still a little bit afraid of my microwave oven.

  • @wim what actually is the use case of blockchain? What can a distributed ledger achieve that a standard database can't?

    For example: why is an NFT more worthwhile than a certificate issued by an artist?

    Blockchain technology for the most part doesn't solve any real problems. I've yet to see a use case for it that isn't completely speculative or wrapped up in cranky ideology.

  • edited April 2021

    @wim said:
    I’ll admit I’m still a little bit afraid of my microwave oven.

    But you aren't you afraid also of your wifi router, which is exactly same frequency ? And probably you get also higher energy hit from your router than from microwave which is completely shielded :-)

    what actually is the use case of blockchain? What can a distributed ledger achieve that a standard database can't?

    Trustless agreement. Start by learning about byzantine generals problem:
    https://medium.datadriveninvestor.com/the-byzantine-generals-problem-solution-using-the-blockchain-31eb5318f37f

    Blockchain technology for the most part doesn't solve any real problems. I've yet to see a use case for it that isn't completely speculative or wrapped up in cranky ideology.

    @wim do you see ? this is good example .. people having strong opinion about topic they really don't understand :trollface:

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