BLOCKCHAIN MY HEART (thread for all things blockchain)

This is much worse than digital Beanie Babies. This is even-worse Damien Hirst but grifting a wider range of rubes instead of just oligarchs.

I used to think fads like beanie babies were a bad comparison since you can't create unlimited amounts of cryptocoins. But since you can create a new currency at will, it really is beanie babies.

At least you can hold a beanie baby, and possibly use it to bring joy to a child (of any age)

Beanie babies didn’t waste as much energy and were less likely to be exchanged for fentanyl or child pornography.

I want criminals to use blockchain as currency, because it's so easy to trace back to them.

Can't believe people would buy that stuff.

FWIW I meant NFTs specifically are digital beanie babies, not blockchain generally.

So Grimes cleared $5.8m, tho it's hard not to wonder if some of the higher-end purchases were by Elon.

https://news.artnet.com/art-world/grimes-sold-nft-art-1948177

almost spit out coffee @ this

Nice!! I made this NFT of Elon Musk@elonmusk 😃😃 pic.twitter.com/wV1ZSHdHun

— Alchememist 🍥 (@thealchememist) February 28, 2021

that is dumb as hell but the strawberry flamingo is pretty cool

🙏🙏🙏 thank you!!
I'll auction it in 3 days with a few other original artworks. These will be single mint gold edition NFTs on Tezos blockchain, so people will need #XTZ $XTZ to bid. Bidding is super easy through Kukai wallet+directauth - check it out at https://t.co/AgEbZVXrEL

— Alchememist 🍥 (@thealchememist) February 28, 2021

Alchemist gonna use the funds to buy three more MPC2500s as backups.

https://www.reuters.com/article/retail-trading-nfts/insight-how-a-10-second-video-clip-sold-for-6-6-million-idUKL8N2KV6X9

I was under the impression that NFTs use blockchains.

They do, Ethereum.

That Top Shot thing from the article is ridiculous. People will do the stupidest shit with money.

I think collectible sports cards and comics are dumb but they paid my parents' rent until I was a teenager and have now paid my rent for years and stretching really hard there's a way to view the Top Shot as a contemporary version of that I guess, but a card with an edition of 40 and an unlimited number of similar editions (every time Lebron posterizes someone they can coin a new one) would never be worth more than a few bucks.

also it doesn't burn a rainforest to hand a Keith Giffen trading card to somebody

there's no real need for the NBA thing to even use blockchain tech, but i'm sure all the nonsense buzz means people are paying far more than they would otherwise

Get an Oakland A’s suite for one bitcoin, then turn a GIF taken from the window into a NFT and pay for it.

I'm reading attack of the 50 foot blockchain right now. it's funny! i did not realize that most of the early bitcoin boosters were gold standard morons.

WHERES TIPSY MOTHRA?

i did not realize that most of the early bitcoin boosters were gold standard morons.

yeah this is true of a lot of ppl in the space, not just the early boosters

WHERES TIPSY MOTHRA?

Still sitting here without a bitcoin to my name.

Out of curiosity I dug into how NFT's actually reference the media you're "buying" and my eyebrows are now orbiting the moon

— Jonty Wareing (@jonty) March 17, 2021

That $65 million NFT only referenced the URL and not the actual artwork. And this is how all NFTs operate. Most of them are already broken links.

*most, not all

Who would have thought anything could go wrong.

Saturday night mood:#dogetothemoon #DogeSlimJim pic.twitter.com/pKRiwMgQIw

— Slim Jim 🚀 (@SlimJim) March 21, 2021

according to david gerard's book, the dogecoin community is pretty chill. mostly they're just playing around with the fad. they sponsored the jamaican bobsled team to get them to the olympics one year.

https://rug.wtf/

ok lol

so is that working or is it a joke or what? i honestly can't tell.

it's a real thing, and people have spent 300k in eth on it in half a day

I hate this so much

lol so it may not be a great sign when this is your actual president:

https://foreignpolicy.com/wp-content/uploads/2021/12/nayib-bukele-bitcoin-city-GettyImages-1236700782.jpg

At the Latin American Bitcoin and Blockchain Conference on Nov. 20, Bukele came onstage to an animation of beaming down from a flying saucer and outlined his plans for Bitcoin City: a new charter city to be built from scratch, centered on bitcoin mining—and powered by a volcano.

https://foreignpolicy.com/2021/12/06/bitcoin-city-el-salvador-nayib-bukele/

Bad news folks, munchables has been compromised.

Munchables has been compromised. We are tracking movements and attempting to stop the the transactions. We will update as soon as we know more.

— Munchables (@_munchables_) March 26, 2024

all my schnibble welcome packs gone

Looking for extra ways to munch? 👀

Try your luck and spin on @insrtapp to win starter pack rewards including a free Munchables and some Schnibble Welcome Packs 🥜 https://t.co/PXS2a9BXjL

— Munchables (@_munchables_) March 25, 2024

Bloopchain your friends, and blorpchain them back