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Gobbeldygook posted:Ostensibly, they want to own it for themselves (see the guy a few pages back reminiscing about how much he wants to own one of Musk's tweets), but it's really just speculative turtles all the way down. This makes no sense, though. Unless twitter somehow starts selling tweets. Or NBA gives a percentage to idiot boy whenever that sick dunk gets rebroadcast. It's just utter stupidity.
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Mar 11, 2021 17:52
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I mean you could in principle do it through public/private key encryption. That would allow you to prove that you hold the private key used in the original tweet or asset.
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Mar 11, 2021 17:56
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Waltzing Along posted:This makes no sense, though. Unless twitter somehow starts selling tweets. NFTs for highlights is just basketball cards but digital (and the NBA/TopShot gets a cut of every transaction since they're the 'artist') Yes, they're dumb, but it's the same kind of dumb as baseball cards or paintings or any other collectible
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Mar 11, 2021 17:57
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My point is twitter doesn't sell tweets. I'm pretty sure they own all the tweets. Holy poo poo is that a dumb statement. And on a second level, the account holder also has some control over the tweets. You can't have some third party show up and say "we are now the rightsholder of that tweet."
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Mar 11, 2021 17:59
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the tweets they're blockchaining are basically trading cards gotta collect the whole @Fart set
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Mar 11, 2021 18:01
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wyoak posted:NFTs for art theoretically allow any sales of that particular digital item to be tracked and the artist given a percentage of the sale Have we actually seen the contracts from the "legitimate" NFT sales? Did they actually convey the copyrights on the works? Because even if they did sell the copyright, that would have been distinct from selling the title to a number on the blockchain.
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Mar 11, 2021 18:02
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Flip Yr Wig posted:Have we actually seen the contracts from the "legitimate" NFT sales? Did they actually convey the copyrights on the works? Because even if they did sell the copyright, that would have been distinct from selling the title to a number on the blockchain.
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Mar 11, 2021 18:04
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I have a feeling this is good for BTC. Good in that this should lead to a ton of lawsuits and destroy a lot of the good will towards crypto.
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Mar 11, 2021 18:05
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Waltzing Along posted:Where is the $ in this? With BTC there is the potential to use the BTC to buy something. It's just potential, but it could theoretically happen. edit: wyoak posted:NFTs for art theoretically allow any sales of that particular digital item to be tracked and the artist given a percentage of the sale How exactly do NFTs accomplish this? They don't actually restrict the duplication of a digital item, they only restrict duplication of an arbitrary token that merely points to or describes a digital item. They don't actually track ownership rights or copyright, as all of that exists in a messy real-world legal system outside of the blockchain. Part of the grift is that people promoting NFTs as a concept act as if this is how it would work, and few people jumping on the concept have looked at it deeply enough to realize this is not how it works Blotto_Otter fucked around with this message at 18:58 on Mar 11, 2021 |
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Mar 11, 2021 18:26
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Digital poo poo has extra value when you cant flex in person, only online. When society reverts, NFTs will plummet. You really think you gona impress some chick with some animated bullshit on your phone lol
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Mar 11, 2021 18:28
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Blotto_Otter posted:What an incredible journalistic failure this headline is. A whole lotta 50 and 60 year olds are gonna see this headline and (not unreasonably!) assume that "buying LeBron highlights" means buying rights to highlights rather than electronic pogs with the description of a Lebron highlight stamped on it and nothing else, why would anyone assume that, it cannot possibly be that dumb, I must be explaining it wrong Also that "money" that was spent to buy the NFTs was just ETH that these people had sitting around in piles. It has a theoretical $USD value but needs to be converted to realize that value. I don't know what ETH trading is like but BTC is as shallow as a puddle so I'd expect large scale cashing out to crash the price of ETH as well.
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Mar 11, 2021 20:25
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Waltzing Along posted:My point is twitter doesn't sell tweets. I'm pretty sure they own all the tweets. Holy poo poo is that a dumb statement. And on a second level, the account holder also has some control over the tweets. You can't have some third party show up and say "we are now the rightsholder of that tweet." Remember that this is a registry scam and there's nothing stopping a duplicate registry from popping up and re-minting the exact same items as NFTs. So you could own all the Elon Musk tweets on TweetNFT.com but then if you want to maintain your digital supremacy you're going to have to re-buy them all on NFT-Tweet.com and BazingaNFT.com It's like buying someone a star. You get a fancy certificate and some stellar coordinates but the different star registries aren't talking to each other so you can re-buy the same star as many times as there are star registries. And at the end of it all you have are a bunch of certificates and a smaller bank account.
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Mar 11, 2021 20:51
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https://twitter.com/ChristiesInc/status/1370027970560106497 good for him
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Mar 11, 2021 21:42
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https://twitter.com/withfnd/status/1369098514773381120?s=21 “The meme economy” 
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Mar 11, 2021 21:50
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What the gently caress are they selling?
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Mar 11, 2021 21:53
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I now hate memes, well done.
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Mar 11, 2021 21:54
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So NFTs are kind of like those eBay scam listings for just pictures of GPUs but you only get a link to the listing with the picture of the GPU and not even a hardcopy of the picture.
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Mar 11, 2021 22:08
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who pays 69 million for a nft? i'm so confused. i'm guessing that is 69 million in funny money but that could still be cashed out for $20 bucks or so. people are so stupid.
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Mar 11, 2021 22:25
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Waltzing Along posted:who pays 69 million for a nft? https://twitter.com/justinsuntron/status/1355714958474919947?s=20
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Mar 11, 2021 22:42
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Countdown until this hits the mainstream media and my co-workers start asking me how they can buy NFTs
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Mar 11, 2021 22:42
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Gobbeldygook posted:Justin Sun bought it for $60 million in Eth + $9 million in cash. He is very smart. I wish I had millions of dollars to waste on pogs
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Mar 11, 2021 22:52
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Hillary 2020 posted:Countdown until this hits the mainstream media and my co-workers start asking me how they can buy NFTs My techy school has already started muttering about the idea of requiring it as part of assessment Not buying 'em, minting 'em
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Mar 11, 2021 23:19
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Waltzing Along posted:who pays 69 million for a nft? Maybe these people are hoping they can use these things to cash out of crypto.
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Mar 11, 2021 23:25
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aware of dog posted:I wish I had millions of dollars to waste on pogs If it brings attention to your name, your company and the coins you selling then is it a waste? This guy is deeply invested in getting people to think that they have a bright future if they buy cryptocurrency.
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Mar 11, 2021 23:28
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here's some "fun" homework: find the actual ethereum transaction that created the artwork worth $69 million
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Mar 11, 2021 23:43
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Hillary 2020 posted:Countdown until this hits the mainstream media and my co-workers start asking me how they can buy NFTs https://twitter.com/nytimes/status/1370032924205199370 Hold up, there, Times, what exactly was sold? NYT posted:After a flurry of more than 180 bids in the final hour, a JPG file made by Mike Winkelmann, the digital artist known as Beeple, was sold on Thursday by Christie’s in an online auction for $69.3 million with fees. NYT posted:Beeple’s collaged JPG was made, or “minted,” in February as a “nonfungible token,” or NFT. A secure network of computer systems that records the sale on a digital ledger, known as a blockchain, gives buyers proof of authenticity and ownership. Most pay with the Ethereum cryptocurrency. “Everydays” was the first purely digital NFT sold by Christie’s, and it offered to accept payment in Ethereum, another first for the 255-year-old auction house. NYT posted:Another Beeple piece, “Crossroad” — a 10-second video NFT showing animated pedestrians walking past a giant, naked likeness of Donald J. Trump, collapsed on the ground and covered in graffiti — sold for $6.6 million in Ether on Nifty Gateway.... NFTs have also become a medium of choice for new performance artists. (Click through the link if you want more confusing paragraphs about Kings of Leon NFTs with no explanation of what that means or how that works for users/consumers, I guess) Blotto_Otter fucked around with this message at 23:57 on Mar 11, 2021 |
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Mar 11, 2021 23:54
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Which goon avatar could fetch the most money s an NFT? How many dollars is a NFT goatse worth on the exchange? So many questions only the free market can answer.
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Mar 11, 2021 23:59
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Its Happening! posted:Which goon avatar could fetch the most money s an NFT? someone please put hello.jpg on the buttchain
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Mar 12, 2021 00:05
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when buying a NFT, nothing more changes than a tiny part of the NFT metadata which says "address X owns this", the metadata is all in the open, and the actual artwork too
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Mar 12, 2021 00:06
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aware of dog posted:I wish I had millions of dollars to waste on pogs maybe if you had bought buttcoin
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Mar 12, 2021 00:06
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What the gently caress is a beeple. There's no end to this nonsense.
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Mar 12, 2021 00:34
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https://twitter.com/Valuables/status/1370156582181335041?s=19 Now's your chance to own a simulacra of a historic tweet!
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Mar 12, 2021 00:43
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Rexxed posted:What the gently caress is a beeple. There's no end to this nonsense. if you have seen weird 3d renders with naked trump or robot trump or whatever, thats beeple
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Mar 12, 2021 00:48
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Rexxed posted:What the gently caress is a beeple. There's no end to this nonsense. Sir I would like to buy this "beeple" for 100 million $funbux.
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Mar 12, 2021 01:13
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NFTs might be the most dumbass thing the internet has ever conceived, so naturally it's going to become a ridiculous bubble absorbing hundreds of billions of capital and I'm going to ride those loving coattails all the way to the bank before it pops. I can't believe how much money I've made in the last 3 days just flipping leveraged NFT coins on Binance. One NFT token rose by over 200% in 6 hours for fucks sake. Yes, I'm an idiot, I'm making money off of idiots, it's just idiots the whole way down. 2021 owns.
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Mar 12, 2021 01:28
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Kind of disappointed that Kings of Leon are bitcoin scammers
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Mar 12, 2021 01:37
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The Moon Monster posted:So NFTs are literally just the "I've got a bridge to sell you" scam + blockchain? It's beanie babies but now everyone can make them out of everything even things they don't own yay!
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Mar 12, 2021 01:46
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nightwisher posted:NFTs might be the most dumbass thing the internet has ever conceived, so naturally it's going to become a ridiculous bubble absorbing hundreds of billions of capital and I'm going to ride those loving coattails all the way to the bank before it pops. I can't believe how much money I've made in the last 3 days just flipping leveraged NFT coins on Binance. One NFT token rose by over 200% in 6 hours for fucks sake. Yes, I'm an idiot, I'm making money off of idiots, it's just idiots the whole way down. 2021 owns. let me know when you turn bullshit internet pogs into something you can actually buy food/housing with
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Mar 12, 2021 03:00
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NFT is a certificate of ownership and authenticity, that's it. To help understand how it actually works (from reddit): quote:So here’s the actual contract according to Christie’s auction page. https://etherscan.io/address/0x2a46f2ffd99e19a89476e2f62270e0a35bbf0756#readContract And yes it was paid for in Ethereum, not "cash", as Christies specified Ether payments only. (auction page = https://onlineonly.christies.com/s/beeple-first-5000-days/beeple-b-1981-1/112924 )
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Mar 12, 2021 03:05
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salt shakeup posted:https://ipfsgateway.makersplace.com/ipfs/QmXkxpwAHCtDXbbZHUwqtFucG1RMS6T87vi1CdvadfL7qA Oh, it's a sailboat.
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