lol, that warhol thread is amazing
― Draymond is "Mr Dumpy" (forksclovetofu), Thursday, 20 May 2021 19:17 (two years ago) link
xp
they were so preoccupied with whether or not they could, they didn't stop to think if they should.
― Karl Malone, Thursday, 20 May 2021 19:20 (two years ago) link
i think it's worth countering them on philosophical/stoner grounds as well. there's something really sad and pathetic about accelerating and expanding speculation based on empty, mediocre, market-driven culture. i don't know how to talk about that shit with these crypto people. they put fucking $DERP signs in their twitter bios for fucks sake, it's like telling everybody to buy a certain stock or something...fuck you?
true but I think there's maybe an argument to be made that it's not ~~that~~ much different than say, record collecting today. like the whole philosophy of Record Store Day shit kinda harkens back to this. though the fact that it's some digital token that may or may not point to something does add an inconceivably dumb layer to all of this
― frogbs, Thursday, 20 May 2021 19:52 (two years ago) link
https://protos.com/nft-market-bubble-popped-crypto-collectibles-are-over/
90% decline in daily trading value, sports collectibles are now a higher proportion than crypto-art.
― Scampo di tutti i Scampi (ShariVari), Wednesday, 2 June 2021 12:59 (two years ago) link
Bonsai trees are blowing up.
― Jeff, Wednesday, 2 June 2021 13:13 (two years ago) link
whats funny about this is there are probably dozens of serious artists who spent the last several months developing "the most complex NFT of all time" who are gonna wind up selling them for like....a thousand bucks
― frogbs, Wednesday, 2 June 2021 13:18 (two years ago) link
Top Shot was fun when I could buy a $9 pack and get 10x-15x returns. Now I basically can make a few dollars on a pack. The thrill is gone.
― Jeff, Wednesday, 2 June 2021 13:29 (two years ago) link
"CO:QUO presents Music Futures & Simulacra: Exploring Without a Map" — seminar on NFTs and music happening live rn, watching out of morbid curiosity.
their site: https://www.coquo.co/musicfuturesthe stream: https://www.facebook.com/watch/live/?v=451919682566367&ref=watch_permalink
― davey, Wednesday, 16 June 2021 16:22 (two years ago) link
ok the panel is not fulfilling its stated goal, which is to "break down elements of the technology as they apply to specifically to music communities." maybe i'm not familiar enough with how NFTs are supposed to work for musicians/communities to appreciate this discourse, but from where i'm sitting this is just a bunch of woo. their was mention of the 90% decline and rebuilding from the ground up but i'm not hearing answers about how that is supposed to be achieved
― davey, Wednesday, 16 June 2021 17:08 (two years ago) link
i'm turning this shit off and going back a few months on this guy's timeline instead
Every day this month I am going to tweet about a use case for music + crypto.31 days of music + crypto ideas.1. A use case2. Example architecture3. Existing thinking and projects working on the idea (if applicable) Day 1: Payment Splits 👇— Jack Spallone (@JackSpallone) March 1, 2021
― davey, Wednesday, 16 June 2021 17:10 (two years ago) link
fair payment splits is a bunch of BS. usually based on smart contracts, which doesn't solve the problem. covered extensively by david gerard in his book and probably on his blog.
― wasdnuos (abanana), Wednesday, 16 June 2021 19:44 (two years ago) link
We have to make a way for crypto to work. I mean, music plus crypto
― Karl Malone, Wednesday, 16 June 2021 20:22 (two years ago) link
I'm still not clear on why anyone would ever want to buy an nft
― plax (ico), Wednesday, 16 June 2021 23:20 (two years ago) link
Like other than as an 'investment'
― plax (ico), Wednesday, 16 June 2021 23:21 (two years ago) link
i think it's a combo of:
1) wanting to make money, thinking of it as any crypto investment. like, buy really low on this awesome digital art (heehee) or the true only NFT-certified copy of this song, and in 10 years it's going to be huge and you'll be on a space flight and won't even notice the change in your bank account because you're a fucking genius and you bought low when it was a new thing and the dumb people who wanted to be poor were yelling at you
2) being a total fucking dick
― Karl Malone, Wednesday, 16 June 2021 23:22 (two years ago) link
sorry, disregard 1) then. all the other reasons are subservient to the health of the investment.
it's just 2)
― Karl Malone, Wednesday, 16 June 2021 23:23 (two years ago) link
on the side of the person selling the NFT, i think some of them just want to make some money, and that makes sense because the vast majority of artists don't make money and know they never will...until now. problem is, once they accept crypto as payment, they'll find that using it and spending it is an investment into itself, and now they're an investor. then, uh oh, you're an artist who is a fucking dick, and later you'll just be a crypto crypto who is a fucking crypto
― Karl Malone, Wednesday, 16 June 2021 23:26 (two years ago) link
I never got a horse. Fuck NFTs. Unless I end up with a horse.
― Jeff, Thursday, 17 June 2021 00:35 (two years ago) link
So glad this crypto horse racing thing wasn’t around when my dad was alive, he’d have gone bankrupt in a week.
― Joe Bombin (milo z), Thursday, 17 June 2021 00:42 (two years ago) link
https://www.myfuckingpickle.io/
― Jeff, Thursday, 17 June 2021 21:44 (two years ago) link
Someone offered to buy my fucking pickle for $68 this morning.
― Jeff, Friday, 18 June 2021 12:57 (two years ago) link
I guess one important thing about NFTs is they're bought with Etherium and when you see idiotic shit like the fucking doge jpg going for "a million dollars" there's a good chance that the person who bought it is someone who got in at the ground floor of ETH and is probably only *really* paying like $100 or whatever they invested in it, b/c to them money is infinite and easy b/c the bottom hasn't dropped out yet. this shit used to happen with online poker a lot, I had a friend who spun a $50 deposit into a five-figure sum who then started playing at the highest stakes and getting wrecked. he lost like 7 grand in a day but to him it wasn't "real money" because "I only bought in for 50" and "whatever, I'll make it back" (he did not make it back)
― frogbs, Friday, 18 June 2021 15:20 (two years ago) link
I’m still going on the original $9 I spent on a TopShot pack. Beyond that it totally doesn’t feel like real money.
― Jeff, Friday, 18 June 2021 17:07 (two years ago) link
i think making a bunch of money off of a really small amount and then eventually losing it all is a best-case scenario for gamblers. i think the real problems start when you start regularly adding in more of your IRL money to keep re-establishing your "starting money" as it drifts back to $0
― Karl Malone, Friday, 18 June 2021 17:10 (two years ago) link
All started when someone paid me $150 for a Will Barton jpg. It was so bizarre but I ran with it.
― Jeff, Friday, 18 June 2021 17:12 (two years ago) link
If anyone wants to buy my fucking pickle, step right up. https://opensea.io/assets/0xf78296dfcf01a2612c2c847f68ad925801eeed80/1133
― Jeff, Sunday, 27 June 2021 02:52 (two years ago) link
I’d rather eat shit!!!Is my standard response
― Karl Malone, Sunday, 27 June 2021 03:36 (two years ago) link
And I would. Shit isn’t that bad
― Karl Malone, Sunday, 27 June 2021 03:45 (two years ago) link
If anyone wants to buy my fucking pickle, step right up. https://opensea.io/assets/0xf78296dfcf01a2612c2c847f68ad925801eeed80/1133🕸
― Jeff, Friday, 2 July 2021 16:47 (two years ago) link
Now I need to just sell my banana.
― Jeff, Friday, 2 July 2021 16:50 (two years ago) link
📢 @noncefinance is building on Polygon!🚀 With Polygon, NFT users will be able to increase the liquidity of their NFTs by utilizing Nonce's fractionalization protocol that creates a seamless bridge between the NFT and ERC20 world.🌐 Learn more: https://t.co/BqOV6PDvxh pic.twitter.com/F4MPy21i4t— Polygon (@0xPolygon) July 2, 2021
lol I just learned that in the cryptocurrency world "nonce" is an abbreviation for "number only used once".
― MoMsnet (calzino), Monday, 5 July 2021 11:36 (two years ago) link
cryptography in general so sadly we can't point and laugh at the bitcoin weirdos about it. (also cf. middle english 'nonce'.)
― In the wastelands of Birmingham and Manchester, massages are back (ledge), Monday, 5 July 2021 12:16 (two years ago) link
"the nonces of Middle England" sounds like a rejected specialist subject on Mastermind
― MoMsnet (calzino), Monday, 5 July 2021 13:33 (two years ago) link
It finally happened. I have my horse. I won’t race it, deciding if I should just immediately flip it or breed it. https://opensea.io/assets/matic/0xa5f1ea7df861952863df2e8d1312f7305dabf215/44560/
― Jeff, Saturday, 10 July 2021 15:18 (two years ago) link
Hoping one day you'll put your kid through college on this $9 investment.
― too cool for zen talk (Eazy), Saturday, 10 July 2021 20:10 (two years ago) link
She’ll have to invest in her own NFT’s!
― Jeff, Saturday, 10 July 2021 20:56 (two years ago) link
i have previously been against NFTs
however, i guess my updated position and life motto is if that you happen to come across a lot of money for an impossibly cynical reason, it's ok as long as you give everything away to people who need it more than you do, and that if you don't do that anything you buy with the money is cursed, even if it is another financial instrument
― Z_TBD (Karl Malone), Saturday, 10 July 2021 21:36 (two years ago) link
Well I sold my horse for just over $1000. Listed it for .5 eth and it sold within 5 minutes. Probably could have gotten more or made more long term with breeding, but that would have required more effort than I wanted to put into it. That’s the last NFT I was holding to flip. Going to take my cursed money and run.
― Jeff, Monday, 12 July 2021 14:08 (two years ago) link
Easy money out there
― Z_TBD (Karl Malone), Monday, 12 July 2021 14:26 (two years ago) link
how easy is it at this exact moment in time to turn "etherium" (jesus) into US dollars in a bank account?
― Yours in Sorrow, A Schoolboy: (forksclovetofu), Monday, 12 July 2021 15:32 (two years ago) link
I’m sure PayPal will make it easy within a few months. The entire app is an advertisement for crypto now.
― Z_TBD (Karl Malone), Monday, 12 July 2021 15:43 (two years ago) link
okay but how about right now? can you swap out with the same ease as you would euros to dollars or is everyone pretending the play money is totally real money even if they can't get it in their wallets?
― Yours in Sorrow, A Schoolboy: (forksclovetofu), Monday, 12 July 2021 15:45 (two years ago) link
Maybe, but right now, this stuff is so convoluted that it is a long way from mainstream adoption. Summary of my journey to get that damn horse:1. Create MetaMask wallet to connect to the Zed.Run website2. Purchase eth through MetaMask using my debit card (fee 2.9% + $.0.30 + gas fees ($5 minimum))3. Wrap the eth to turn it into weth, more gas fees (which were astronomically high at the time, at this point I learned what gwei is/gas limits/transaction speeds, etc )3. Use weth to try and buy a horse, failed.4. Said fuck it and unwrapped with weth back to eth, more gas fees.5. Another horse drop a few weeks later, eth to weth again, with gas fees, failed again.6. Received free horse from Zed.Run because the whole experience was miserable.7. List horse on opensea, which required me to do two transactions for verification, minimal gas fee for the second one8. Sold horse, paid in weth, had to convert that back into eth, this time went through the polygon network, which required a couple of transactions and fees9. Eth back in my MetaMask wallet, want to cash out but can’t from my wallet, have to use an exchange10. Send eth to my Coinbase account, withdraw to my debit account, fees apply.All of those could have been handled numerous different ways, so I’m sure someone who is more knowledgeable than me could do it with lower fees or jumping through fewer hoops. The gas fees themselves were perplexing. They could be minimal or more than the cost of your transaction, all depending on network utilization. This is made more confusing by being able to pick your gas price to speed up the transaction. Until Paypal/Amazon/large financial institutions make this easy, it’s going to stay cryptobros, meme investors, and dorks like me with time and money to waste.
― Jeff, Monday, 12 July 2021 16:19 (two years ago) link
Not to mention tax implications, saving that headache for next year.
― Jeff, Monday, 12 July 2021 16:21 (two years ago) link
the future!
― Yours in Sorrow, A Schoolboy: (forksclovetofu), Monday, 12 July 2021 16:26 (two years ago) link
given the amount of time and fees that were involved in this and the time you will need to continue to spend to cash this in, what amount per hour would you say you have been paid for buying this digital horse? more or less than NY minimum wage?
― Yours in Sorrow, A Schoolboy: (forksclovetofu), Monday, 12 July 2021 16:28 (two years ago) link
How to get rich in 3 easy steps: 1) Steal hotel soap 2) Invest savings in S&P3) Become millionaire pic.twitter.com/GSQBsopb6z— TikTok Investors (@TikTokInvestors) May 17, 2021
― Yours in Sorrow, A Schoolboy: (forksclovetofu), Monday, 12 July 2021 16:29 (two years ago) link
― Jeff, Monday, 12 July 2021 16:37 (two years ago) link
Oh and the wild fluctuations of the price of eth over this time frame makes it less lucrative as well. When I started this in early may, it was at $3500. Today, just over $2000.
― Jeff, Monday, 12 July 2021 16:44 (two years ago) link
https://niftys.com/events/spacejam#free-nfts
― Jeff, Tuesday, 13 July 2021 00:51 (two years ago) link