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The same file will always have the same hash, digital copies are exact copies. That's why the idea of a "digital original" is nonsensical, and even uploading the NFT to a server would make that "original" a copy if you were really serious about it. What makes an NFT and NFT is the fact you own an Ethereum coin shaving that has the URL to the JSON file linking the NFT attached, or alternatively contains the URL directly.
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Oct 9, 2021 22:37
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But multiple etherium coins can point to the same url???
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Oct 10, 2021 02:29
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repiv posted:Most of these projects were promising some kind of future utility to the NFTs beyond JPEG ownership, like being usable in a game that will eventually exist, then they do a runner as soon as the NFTs are all sold Some of these runners are so quick they should be in the nfL instead of scamming various stupid people on Twitter…
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Oct 10, 2021 05:27
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Fame Douglas posted:The same file will always have the same hash, digital copies are exact copies. That's why the idea of a "digital original" is nonsensical, and even uploading the NFT to a server would make that "original" a copy if you were really serious about it. I'm sorry to tell you this It's all nonsensical
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Oct 10, 2021 06:10
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remember the good ole days of bitcoin? When a pervert could return from brazil and an rear end in a top hat could buy it with his sisters college money. Those were the days
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Oct 10, 2021 06:18
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Mumpy Puffinz posted:an rear end in a top hat could buy it with his sisters college money. Those were the days what link
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Oct 10, 2021 09:43
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Mumpy Puffinz posted:remember the good ole days of bitcoin? When a pervert could return from brazil and an rear end in a top hat could buy it with his sisters college money. Those were the days all downhill since the phone fell off the couch over ten years ago
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Oct 10, 2021 09:55
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omg The_Franz posted:i want to think that this account is a parody, but otoh crypto/nft people are just that insane
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Oct 10, 2021 11:23
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Mumpy Puffinz posted:remember the good ole days of bitcoin? When a pervert could return from brazil and an rear end in a top hat could buy it with his sisters college money. Those were the days
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Oct 10, 2021 12:37
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There has to be some true believers (more so than the guys who accidentally invented them at a code jam) out there looking at NFTs really confused because if you really wanted to disrupt the art ownership paradigm or whatever the gently caress then there is some bare minimum compressing and encrypting you can do so there actually is a token with assigned ownership with controlled retrieval from the Ethereum chain (or ideally some image chain instead of anything cursed with Solidity). Even if any rendering following unencrypting short circuits that its at least slightly unique from a serialized registry. We're dealing with a type of scam that is born out of a lazy trading card implementation.
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Oct 10, 2021 14:04
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I don’t think etherium likes actual full images embedded in the block chain. It’s already nearly a terabyte, of just tiny text things. Imagine if it was images. Actually, maybe they should do that. Let’s get the chain to a petabyte in a year.
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Oct 10, 2021 14:35
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What if instead you start lying out your rear end about what an NFT can do both legally and technically? Seems like all the benefits without any of the work!
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Oct 10, 2021 14:38
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kw0134 posted:What if instead you start lying out your rear end about what an NFT can do both legally and technically? Seems like all the benefits without any of the work! Start?
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Oct 10, 2021 14:42
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My apologies, I might have implied that there was an honest person in the NFT space, that was an error in phrasing.
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Oct 10, 2021 14:50
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With energy prices on the rise across the globe, what does this do to Bitcoin and various crypto currencies? I would assume that making mining more expensive would have some sort of effect on the currencies, but what that is, I have no idea. I have heard the argument that miners having to dump their earned coins faster and more often to pay the bills can hurt the price of a coin. But seeing as how the price is going up, I am not sure sure that will actually be the case. Will it just force some individual mining groups offline and let the remainder earn more coins and remain profitable? Or will the scam just continue like it ever was? I have to imagine various rolling blackouts this winter will have some sort of a significant effect on the price. My guess is down when mining gets blamed in various regions for using energy that could go to keeping lights/heat on, but of course I will probably be dead wrong, and Bitcoin $1million by spring.
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Oct 10, 2021 15:03
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kw0134 posted:My apologies, I might have implied that there was an honest person in the NFT space, that was an error in phrasing. Apology accepted, just don’t make the same mistake twice!!
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Oct 10, 2021 15:08
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It's the dotcom bubble all over again. People will pour their money into poo poo that doesn't do any of the poo poo people say it does, just because 'it's tech!' It's literally Star Trek technobabble to them, and once they hear it'll solve all their problems they don't want to hear otherwise.
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Oct 10, 2021 15:18
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Orvin posted:With energy prices on the rise across the globe, what does this do to Bitcoin and various crypto currencies? I would assume that making mining more expensive would have some sort of effect on the currencies, but what that is, I have no idea. I have heard the argument that miners having to dump their earned coins faster and more often to pay the bills can hurt the price of a coin. But seeing as how the price is going up, I am not sure sure that will actually be the case. It’s good for Bitcoin because Bitcoin is a store of energy. We’re storing up all this cheap energy to use later when energy prices go up. How you ask? Blockchain of course!
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Oct 10, 2021 15:55
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Jose Valasquez posted:It’s good for Bitcoin because Bitcoin is a store of energy. We’re storing up all this cheap energy to use later when energy prices go up. How you ask? Blockchain of course! Brilliant!
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Oct 10, 2021 16:08
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necrotic posted:I don’t think etherium likes actual full images embedded in the block chain. It’s already nearly a terabyte, of just tiny text things. Imagine if it was images. as i understand it the minting fees scale with how many bytes you want to write into the blockchain, so you totally could embed your monkey jpeg entirely on-chain, for probably tens of thousands of dollars just embedding a link costs tens to hundreds of dollars
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Oct 10, 2021 16:14
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Jose Valasquez posted:It’s good for Bitcoin because Bitcoin is a store of energy. We’re storing up all this cheap energy to use later when energy prices go up. How you ask? Blockchain of course! In many ways an on-fire garbage can is a storage of energy, yes
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Oct 10, 2021 16:17
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i did the math out of morbid interest this ape is 134kb https://opensea.io/assets/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/5224 apparently it costs 640k gas to store a kilobyte, so we need 85760000 gas 85760000 gas costs 16.20864 eth 16.20864 eth is 57,488.64 USD sixty thousand dollars to actually store your precious ape on the blockchain instead of just a link blockchain enthusiasts are talking about building "web 3.0" on the blockchain so they have some slight scaling issues to work out, ideally it shouldn't cost a trillion dollars to upload a video repiv fucked around with this message at 16:29 on Oct 10, 2021 |
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Oct 10, 2021 16:27
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costs money to make money
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Oct 10, 2021 16:30
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Please invest in my new HighlanderCoin. Each of you who buy in is granted a single, eternal coin forever hosted on the blockchain. You may only sell your coins if you own all the currently existing coins. On death, whatever the cause, the coins in your wallet are deleted.
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Oct 10, 2021 16:31
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I think they should reduce the gas cost so they can fill up the chain. I want it to require 20tb or more, and images should do that nicely.
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Oct 10, 2021 16:56
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I want a bitcoin Sorry, let me rephrase I want $50,000. I do not want a bitcoin. I have a feeling this is the exact mentality of 99% of bitcoin people, deep deep down.
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Oct 10, 2021 17:02
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El Salvador is apparently having mass protests because their president is a Bitcoin bro and made it legal tender with expected consequences
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Oct 10, 2021 17:20
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From BFC:Leon Trotsky 2012 posted:The President of El Salvador is currently melting down on Twitter because there have been mass protests for the past week against his decision to make bitcoin legal tender.
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Oct 10, 2021 17:26
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So, basically just normal bitcoin poo poo
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Oct 10, 2021 17:30
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Millions experiencing deflation in real time.
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Oct 10, 2021 17:33
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If I was Salvadoran I reckon I would be feeling pretty deflated rn
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Oct 10, 2021 17:45
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Run up a huge debt, pay only a little and wait until deflation makes it enough
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Oct 10, 2021 17:57
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necrotic posted:I don’t think etherium likes actual full images embedded in the block chain. It’s already nearly a terabyte, of just tiny text things. Imagine if it was images. you mean it isnt already that big?
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Oct 10, 2021 18:08
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PhazonLink posted:you mean it isnt already that big? It’s just under a terabyte.
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Oct 10, 2021 18:25
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huh would have thought one of the older buttcoin flavors would already be prohibitively large. Like didnt the SSD coin that uses space as a proof of poo poo balloon to PBs already?
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Oct 10, 2021 18:37
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PhazonLink posted:huh would have thought one of the older buttcoin flavors would already be prohibitively large. Like didnt the SSD coin that uses space as a proof of poo poo balloon to PBs already? While Chia wastes petabytes of space for the mining process, the actual chain isn’t that large. Only the winning «lottery ticket» is included in the chain.
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Oct 10, 2021 20:00
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I'm constantly amazed that bitcoiners seriously think deflation is a good thing.
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Oct 10, 2021 22:49
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Collateral Damage posted:I'm constantly amazed that bitcoiners seriously think deflation is a good thing. Just wait until somebody finds an old hard drive in their sock drawer and buys the whole of El Salvador.
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Oct 10, 2021 22:56
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Orvin posted:With energy prices on the rise across the globe, what does this do to Bitcoin and various crypto currencies? I would assume that making mining more expensive would have some sort of effect on the currencies, but what that is, I have no idea. I have heard the argument that miners having to dump their earned coins faster and more often to pay the bills can hurt the price of a coin. But seeing as how the price is going up, I am not sure sure that will actually be the case. logically an increase in the price of energy will make it harder to mine and thus the price goes up but bitcoin is an economic freak, and it's not logical, so it's vulnerable to the exact same issue it's had for a decade now, which is "what happens if any of the dozens of people who hold six digits BTC each decides to dump it (or satoshi, who holds seven)" jihan wu and roger ver were both threatening to do it during the big fork wars about 5 years ago, but they both blinked. someday someone won't blink
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Oct 10, 2021 23:32
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Ad by Khad posted:logically Dear Ad by Khad, your first mistake was at line one. Respectfully,
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Oct 11, 2021 00:18
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