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BoldFace posted:If it's just couple million dollars worth of apes, I can see OpenSea simply refunding people. Refunding them what? The wash trade value the people were counting on or the actual value ($0).
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Feb 20, 2022 03:58
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Code is law 
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Feb 20, 2022 04:15
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SeductiveReasoning posted:Code is law https://www.youtube.com/watch?v=Y6OvsJqimfg
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Feb 20, 2022 05:06
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Salt Fish posted:Refunding them what? The wash trade value the people were counting on or the actual value ($0). Just email their jpeg apes back to them.
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Feb 20, 2022 05:53
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MasterSitsu posted:Today I discovered a friend of mine is selling* bikini pics of herself as NFTs and I'm prepping for it coming up and how gently I will scold. Just tell her only fans exists and isn’t a scam. There, done
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Feb 20, 2022 06:07
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a = b = c = e = f = all of this is the same = a lot of words to say dumbass that really really should be put in some sort of fin. conservatorship.
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Feb 20, 2022 06:18
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MasterSitsu posted:Today I discovered a friend of mine is selling* bikini pics of herself as NFTs and I'm prepping for it coming up and how gently I will scold. Yo tell her that’s what onlyfans is for.
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Feb 20, 2022 08:22
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absurd research paper posted:In a nutshell, a client lets two clouds compute the same task, and uses smart contracts to stimulate tension, betrayal and distrust between the clouds, Heyyy, if we can use these here "smart contracts" to stimulate the kinda tension that leads to betrayal and mistrust... what other kinda tension can we stimulate? 
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Feb 20, 2022 08:46
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istewart posted:Heyyy, if we can use these here "smart contracts" to stimulate the kinda tension that leads to betrayal and mistrust... what other kinda tension can we stimulate? When your wallet's empty but the smart contract's still tuggin
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Feb 20, 2022 09:17
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BoldFace posted:If it's just couple million dollars worth of apes, I can see OpenSea simply refunding people.
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Feb 20, 2022 10:16
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Durzel posted:Doesn’t that negate the whole “decentralisation is life” thing if OpenSea decides who really owns something? No, you see when the big bad banks hold and own the money, that's bad. But when randos hold and own it, who would rat gently caress each other for 0.00000001 of a cent quicker than the planck time limit of the universe, that's good!
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Feb 20, 2022 10:32
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happyhippy posted:No, you see when the big bad banks hold and own the money, that's bad. A lot makes sense when you realise these people don't understand how... most things work, including society and especially 'the market' they worship as a god, and consider certain laws and the concept of property rights to be magically enforced laws of reality rather than social constructs enforced at the whim of the authorities and the state.
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Feb 20, 2022 10:47
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I think the hilarious part of this concept, if I too understand it completely, fails to recognize that a systems like this has been done multiple times before with hilarious results in AI research. When you game-ify logic for computers to choose optimal paths, they will eventually change the rules of the game to optimize the rest of it. Any barriers like collision or bribe contracts delay this scenario, and adds more points of failure for such. Even more so, you're saying you do TWICE the work in order to ensure one solution is correct. Its missing the forest from the trees. Its like swapping out your car with a jet because "oh the car wastes too much gas in idle points. A jet is immediate point to point"
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Feb 20, 2022 11:05
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Finally the sequel to 'all my apes gone' dropped. All apes gone
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Feb 20, 2022 12:33
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https://twitter.com/night1218/status/1495351505444306945 Dont ever click any web3 poo poo in your email!
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Feb 20, 2022 17:04
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laughchain headed straight for the moon, we need one of them charts
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Feb 20, 2022 17:15
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Ad by Khad posted:laughchain headed straight for the moon, we need one of them charts 
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Feb 20, 2022 17:32
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PepeSilviaCo(i)n.
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Feb 20, 2022 17:34
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same
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Feb 20, 2022 18:34
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all the apes was hacked and i'm glad of it
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Feb 20, 2022 20:03
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So kinda sorta genuine question: isn't stealing NFTs an even dumber idea than stealing regular buttcoins? Like, I imagine you can't flip them easy because the original owner would just be screaming about how THATS MY APE every time you try to make a listing
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Feb 20, 2022 20:20
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Spaced God posted:So kinda sorta genuine question: isn't stealing NFTs an even dumber idea than stealing regular buttcoins? Like, I imagine you can't flip them easy because the original owner would just be screaming about how THATS MY APE every time you try to make a listing
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Feb 20, 2022 20:30
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Spaced God posted:So kinda sorta genuine question: isn't stealing NFTs an even dumber idea than stealing regular buttcoins? Like, I imagine you can't flip them easy because the original owner would just be screaming about how THATS MY APE every time you try to make a listing According to this article the hacker sold many of the stolen NFTs within hours, then laundered the proceeds through tornado. OpenSea did block their wallet eventually but it was too late to prevent a lot of sales. And remember, OpenSea is just a front end to the NFT market - after the hacker was blocked there, they just started selling on other platforms.
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Feb 20, 2022 20:30
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Spaced God posted:So kinda sorta genuine question: isn't stealing NFTs an even dumber idea than stealing regular buttcoins? Like, I imagine you can't flip them easy because the original owner would just be screaming about how THATS MY APE every time you try to make a listing I believe sometimes they just ransom the monkey pictures back to the idiots they stole it from for less than their actual "value", that way it's pure profit and you don't have to worry about trying to sell a tainted monkey picture.
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Feb 20, 2022 20:36
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Spaced God posted:So kinda sorta genuine question: isn't stealing NFTs an even dumber idea than stealing regular buttcoins? Like, I imagine you can't flip them easy because the original owner would just be screaming about how THATS MY APE every time you try to make a listing I imagine it's kind of like getting scammed by Amway and then going to the DeVos family trying to get your money back, and Blackwater operatives head shot you. BECAUSE IT'S ALL A SCAM!
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Feb 20, 2022 20:40
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I hope Paris Hilton's ape is ok, ape theft can be very traumatic
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Feb 20, 2022 20:42
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How the hell does OpenSea work on the technical end? It's more than just a front-end: it sounds like each NFT you want to list on OpenSea has to have a specific smart contract in its code, which gives OpenSea the right to sell/transfer your NFTs when somebody buys it. But since it's working through a smart contract attached to each NFT, how does OpenSea actually know/track when these purchases happen? How does OpenSea take their commission? Are buyers sending their money to OpenSea, who then forwards the payment minus their commission to the seller, or does the smart contract automatically split the money? What if you have an NFT that doesn't have that smart contract attached that you want to list? Do you have to pay the gas fees to attach the smart contract before you can list it on OpenSea? What sort of vulnerabilities are there? Can OpenSea just decide to arbitrarily transfer your stuff whenever it wants? I tried to read the documentation, but it's utterly absurd. There's a 4 part tutorial on making an NFT. Then an 11 part tutorial on attaching the smart contract that allows you to build a market place. Then a 5 part tutorial on issuing items to customers. This is the most convoluted, over-complicated way of selling things imaginable: it takes all the disadvantages of centralize platforms like Ebay, but then adds another layer of additional hoops you need to jump through before you can even start to interact with the platform.
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Feb 20, 2022 20:59
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Karia posted:How the hell does OpenSea work on the technical end? It's more than just a front-end: it sounds like each NFT you want to list on OpenSea has to have a specific smart contract in its code, which gives OpenSea the right to sell/transfer your NFTs when somebody buys it. But since it's working through a smart contract attached to each NFT, how does OpenSea actually know/track when these purchases happen? How does OpenSea take their commission? Are buyers sending their money to OpenSea, who then forwards the payment minus their commission to the seller, or does the smart contract automatically split the money? What if you have an NFT that doesn't have that smart contract attached that you want to list? Do you have to pay the gas fees to attach the smart contract before you can list it on OpenSea? What sort of vulnerabilities are there? Can OpenSea just decide to arbitrarily transfer your stuff whenever it wants? Imagine falling out of a grift tree where every branch is a middle man, and hitting every one of those middleman branches on the way down.
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Feb 20, 2022 21:02
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I wonder if anyone has automated NFT trading yet. NFT art theft often looks formulaic enough that some of it may be automated. Just a bunch of bots high frequency trading ape jpgs, using a country's worth of electricity in the process, a self-incentivizing ant mill that uses ever more resources. Ok maybe not high frequency because the blockchains can't do fast. Or you just take this part off the block chain and trust an exchange, which then gets hacked or runs off with the apes. e: Karia posted:Do you have to pay the gas fees to attach the smart contract before you can list it on OpenSea? Elukka fucked around with this message at 21:10 on Feb 20, 2022 |
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Feb 20, 2022 21:04
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Spaced God posted:So kinda sorta genuine question: isn't stealing NFTs an even dumber idea than stealing regular buttcoins? Like, I imagine you can't flip them easy because the original owner would just be screaming about how THATS MY APE every time you try to make a listing potential buyers don't care that the NFT was stolen, and they're not gonna let things like ethics get in the way of scooping up a premium ape at a discount
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Feb 20, 2022 21:07
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Hammurabi's Chode
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Feb 20, 2022 21:09
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NFT Ethics is a course you can take at Harvard Business School.
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Feb 20, 2022 21:10
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Spaced God posted:So kinda sorta genuine question: isn't stealing NFTs an even dumber idea than stealing regular buttcoins? Like, I imagine you can't flip them easy because the original owner would just be screaming about how THATS MY APE every time you try to make a listing Scamming and bankrupting crypto bros is its own reward op
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Feb 20, 2022 21:19
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Stealing apes seems like a great crime because you can sell it back to the original owner who will be grateful to get his disgusting jpeg back and then you can just do it again because they are dumb as gently caress marks. https://twitter.com/CoinersTakingLs/status/1495423738694684673 It's like you're announcing "steal from me! it's easy! I'm a moron!"
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Feb 20, 2022 21:20
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Elukka posted:e:
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Feb 20, 2022 21:25
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Elukka posted:I wonder if anyone has automated NFT trading yet. NFT art theft often looks formulaic enough that some of it may be automated. Doesn't this end up with you (in theory) on the hook for mega $$$ in tax since every single transaction is taxable and running thousands of transactions a day would ruin you instantly if the IRS ever caught up?
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Feb 20, 2022 21:29
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Main Paineframe posted:potential buyers don't care that the NFT was stolen, and they're not gonna let things like ethics get in the way of scooping up a premium ape at a discount In the case of the "premium" NFTs like bored apes I wouldn't be surprised if people have bots automatically snapping them up if they're listed well below market rate, which is convenient for ape thieves
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Feb 20, 2022 21:34
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Z the IVth posted:Doesn't this end up with you (in theory) on the hook for mega $$$ in tax since every single transaction is taxable and running thousands of transactions a day would ruin you instantly if the IRS ever caught up? You only get taxed on profits. High frequency trading (on the normal stock market) makes a fraction of a cent by buying a stock for $100 and selling it for $100.000001 and they owe tax on the .000001 part. OTOH I dunno what the speculators who sell their apes to themselves for vastly inflated amounts of money are gonna do if OpenSea does any reporting to the IRS. You can either pay tax on that, or tell the IRS you were committing a crime by self-dealing.
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Feb 20, 2022 21:36
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Links. Remember we're not buying and selling monkey jpegs. We're buying and selling LINKS to the monkey jpegs. Everyone is even dumber than you thought.
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Feb 20, 2022 21:41
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https://twitter.com/BillCorbett/status/1495497708517347330 Pretty sure that's a joke but damned if I can tell anymore.
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Feb 20, 2022 21:54
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