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Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

kw0134 posted:

And it would have been a completely worthless invention to them, particularly at the time (late 70s) when there was no storage, no way to interact with it except by copying it back to film. It would have killed their revenue stream of selling consumables to everyone on the planet, does not play to their true strengths, and been eaten alive when the real camera makers beat them at the high end, and cell phones take over on the low-medium end.

It's like Verizon inventing a new phone that can communicate with any other phone of its type any where in the world without the use of an intermediary network. Sure, that would be an epochal accomplishment. It would also render their entire business plan worth literal trillions absolutely nil. They'd sell a generation's worth and then go out of business.

Just jumping in, your post kind of reminds me of Xerox anticipating the threat to its business model of the paperless office, setting up a lab in Palo Alto to research the paperless office and inventing all the ways we interact with computers, then all their competitors being the ones to corner the market with innovations that Xerox researched.

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Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

InternetJunky posted:

Are banks actually willing to issue loans using crypto as collateral? I don't see any way that could go badly.

Just use your house as collateral. It's not like those buttcoins are going to lose value or anything!

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
I don't know anything about NFTs but it looks like a ponzi scheme to me.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
I'm not an expert on BitCoin and I don't think about it very often. But one time ages and ages ago I was arguing with someone on Facebook about it and I pointed out that you have to download a huge file every time which means that "it has a scaling problem" which prevents it from ever being anything other than a proof of concept. He told me that BitCoin doesn't have a scaling problem and I should "google nodes" and this would explain everything. I didn't.

Was I right or did he have a point?

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
This thread is full of people with cyberdegrees in augustinian network tollerance trilemma analysis and I'm just here going haha DOGE coin.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
I'm still holding out for Sissy Hypno coin.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
I bet Satoshi Tajiri really regrets inventing BitCoin now!

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

jokes posted:

Norton (and basically all AVs) are basically the police, they monopolize resources with little justification providing dubious protection and being as bad or worse as the things they're trying to protect you from. They insist they're the good guys while actively doing horrific things by design, and they insist that the solution to all of their problems (that mostly they started) is to let them get bigger and have more backdoors/access/money. Then it turns out the most effective version of it is one that is incredibly lean; so much so that it almost seems to not exist.

A twist on the old formula. The last remnents of humanity rally their remaining forces against the killer rogue AI which is revealed to be an antivirus that got too powerful.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

Alan Smithee posted:

TSM: “FTX dollars?! What the hell is this?”

FTX: “it will be a worth twice that of the British pound sterling, after we kidnap their queen!”

https://pbs.twimg.com/media/E3CxEXtWQAYmZGb.jpg

Uber driver sucked me off?!?!

The hot new cryptocurrency used by the shadaloo tong.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
LocustCoin. A digitial currency that somehow creates a perversive incentive to act in ways that increase the likelihood of a plague of locusts.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
I just had an epiphany. There is no "greater fool" only "fool".

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
BasiliskCoin. Every one you own takes a hundred years off your time in computer simulation purgatory created by an AI a million years in the future. Invest now and save and your soul.

e: I honestly didn't realise when I made this post that I was reinventing "indulgences" from first principles.

Prurient Squid fucked around with this message at 01:20 on Jun 11, 2021

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
You can't trust all them bitcoins.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
I think the 2014 BitCoin thread and the vague interest in the economics of money actually helped me power through Chapter 3 of Das Kapital. I had no idea that BitCoin would become something that people cared about in the real world.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

jokes posted:

But Notch has a dedicated candy room how unhappy can he be?

It's a candy room! It has so much candy a single person couldn't eat it all in a lifetime! Luckily he lives pretty much alone! So more candy for him!

Yum!

Oh poo poo, this is like the book of Ecclesiastes. The richest man in the world realises "all is vanity".

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
Curse you magic beans!

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

novamute posted:

Once humanity invents the AI powerful enough to resurrect your mind state you come back unimaginably wealthy instead of as a robot slave. Coiner heaven is real folks or at least it will be

Allowing you to pay the bill at the restaurant at the end of the universe.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

Smithsonianmag.com posted:

“Some of the stuff hasn’t lasted, like the idea that God punishes people who are overreaching by causing them to have the plague. That’s one of the things people said in the 1630s,” Goldgar says. “But the idea that you get punished if you overreach? You still hear that. It’s all, ‘pride goes before the fall.’”

God punished us for Bitcoin by sending us the Coronavirus.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

KinkyJohn posted:

Has anybody said Nonce Cents yet?

We need to listen to people when they start talking nonce sense.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
You need to get three in a row to achieve ejaculation.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
$150,000 for loving nothing lol.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
Tangential, but was the sale of indulgences the original ransomware?

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
Now I'm just imagining an autistic savant with the ability to prime decompose gigantic numbers using his power to tank Bitcoin just to watch the world burn. Forget hacking the pentagon and firing the nukes, that's for chumps.

edit: "watch the world burn" is probably the wrong choice of words lol.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
Are there any NFTs of tulip bulbs?

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

smellmycheese posted:

Hold up everyone. NFTs can’t be a scam. Even well known fraudulent psychic con artists are getting into them now.

https://twitter.com/Jerusalem_Post/status/1434652626923266059

You mean he isn't an X files character?

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

Strong Sauce posted:

you're talking about the marble musical instrument channel right? i haven't really seen anything about elon but i kinda stopped following him because the entirety of his content rests on him continuing to "refine" the marble playing instrument. it will never be done because there's always something that can be "improved" and if there isn't then that's a problem because that means no more content for the channel.

don't get me wrong. the thing is amazing and i think i watched a bunch during covid last year but... like there's no end to it. there's always a more efficient way to move marbles around or to catch them or to hit them properly against an instrument.

-----------

anyways a tweet
https://twitter.com/edzitron/status/1443387283269304322

Is there even a distincation between a fake NFT and a real one? Are they not just two different ways of refering to the same thing, a url in the blockchain with no value?

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
How many NFTs can I buy with Alf pogs?

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
So basically it's like if Gollum had the ring and called it "my precious" and everyone was going around with identical rings that could be produced as easily?

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
I mean I'm looking at these pervert lion things and I need to know, are you guys actively trying to find the stupidest thing you can find or are you just... gazing?

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
You know that saying about how a fool and his money are easily parted? Well, reading this thread has caused me to become convinced that this saying is true.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
Is there some deep human instinct to blindly follow what you see other people say and do?

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

Hammerite posted:

andor nerds? galaxy bean?? stop trying to make me read star trek poo poo in the buttcoin thread

Actual lmao

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
It's basically like you sent your son to sell the donkey but instead of even coming back with magic beans he just came back with cum.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
Some day it might be witty to say "Now is the winter of our discount NFTs". You can use that is it becomes applicable. I give permission.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

Alan Smithee posted:

i prefer discount ents for rhyme scheme

such a specific situation though

Now is the winter of our discount rents, to put a municipal socialism spin on it.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
So basically all the wisdom of this thread can be summed up as "when actors behave irrationally, all bets are off".

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
Capitalism + Stupidity = ????

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.

jokes posted:

“They’re very excited about it, because this is one of their biggest problems, is everyone’s right-clicking and minting other cool stuff… So there’s just no way of knowing whether this was right clicked and saved or created from a product or not, from down to the pixels.”

Lmfao there is just no lol big enough

They just completely circumvent the idea of any law, copyright, or anything that has established the ability for people to claim the rights to their own production and instead say technology can step in to completely and utterly eliminate the idea of someone copying something else. It’s been 20 years since I’ve been loving with the internet in any meaningful way and they are still completely flummoxed by the ability to copy something else.

If only we, lovers of The Blockchain, could figure out how to defeat our dreaded enemy The Right Click. Well let’s spend a couple billion on it.

The efficiencies of crypto nonsense are just mind blowing— they’re so efficient!!! So efficient!!! And effective!!! Man!

These stupid assholes truly drank the koolaid— NFT/crypto poo poo is just money Laundering. It’s nothing special or new, it’s just money laundering and mass hysteria.

We've got to find a way of making binary code that disintergrates over time. Just the zeros and ones start melting.

Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
Putting the FUN in non-fungible asset.

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Prurient Squid
Jul 21, 2008

Tiddy cat Buddha improving your day.
poo poo, the AI that destroys humanity won't be a paperclip maximiser. It'll be trying to enforce copyright by taking drm to it's logical conclusion.

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