NFTs (thread now extremely NSFW)

Thread worth checking out

Some statistics to start the year:

During 2021 Bitcoin consumed 134 TWh in total, which is comparable to the electrical energy consumed by a country like Argentina.

Related CO2 emissions were ~64 Mt; enough to negate the entire global net savings from deploying EVs.

— Digiconomist (@DigiEconomist) January 1, 2022

Not with a bang but a dogecoin

Cyberbullying works

I’ve thought long and hard about NFT’s and I’ve decided it’s not something I need to do🙏💕 pic.twitter.com/4522gEoCPG

— Richard Karn (@TheRichardKarn) January 4, 2022

he looked at it and said "i dont think so, tim"

He was a bad bad Borlan

That Ed Zitron essay is a good counter to this piece of gobbledygook I read today: https://li.substack.com/p/the-web3-renaissance-a-golden-age. All of the stuff she talks about as revolutionary to me sounds like ... just plain old "buying things," but with fancy jargon.

Purchasing an NFT is akin to collecting real-world merchandise, enabling fans to feel closer to the artist and own something rare, akin to a “non-fungible super-like.” Digital scarcity and uniqueness—which had been missing from the web2 internet—is enabled by the blockchain, leading to a new business model for creators that lessens the economic control of platforms.

Excitingly, the introduction of scarcity through NFTs doesn’t mean that access to the underlying media is limited, as it would be with paywalls or paid digital downloads. The actual media underpinning NFTs can remain public goods, available to be consumed by anyone at no cost. Those who think this undermines the scarcity of NFTs (“right-click and save”) fundamentally miss the point.

I don't think I "miss the point," I'm just not sure that me buying a collection of songs in the form of an NFT is really any different than buying digital album through Bandcamp.

You get to burn down an acre of rain forest to own the NFT album, though. Makes it more real.

"Purchasing an NFT is akin to collecting real-world merchandise, enabling fans to feel closer to the artist and own something rare"

lol yes, the people buying those ugly ape things are basically living the dream of hiring Bosch to paint an altarpiece.

xp
But then you don't "own something rare." (That the artist you're buying from likely knows nothing about.)

Excitingly, goods can now be both extremely scarce and extremely valuable, while simultaneously they are available in unlimited quantities to be consumed infinitely by anyone at no cost!! This is exciting because it elevates ordinary nonsense into a special kind of nonsense that you can buy and sell!!!!!!!

As many of you know, my wife tragically passed away last year.

To honour her, Deranged Crypto Ape have produced this Sarah Oxford-Laughdugry Memorial NFT.

And you can win one!

To enter:
1⃣ Follow @sarah_ox_laugh
2⃣ Like & Retweet this post
3⃣ Tag a friend#NFTGiveaway #NFT pic.twitter.com/e0UlkilqSc

— Oliver @ Sarah Oxford-Laughdugry Memorial Charity (@sarah_ox_laugh) January 2, 2022

doing it for the lolz is getting increasingly depressing

shots fired

time to admit... buying vinyl is just a version of nft-ism...

— Rob Wile (@rjwile) January 4, 2022

even if you reduce this just to the people who spend like $5000 or whatever on a low-numbered version of The White Album with the intention of selling it later the analogy still doesn't work because shit like that is valuable & inherently interesting b/c everyone knows who The Beatles are. literally nobody on the planet gives a shit about the Bored Ape stuff other than those trying to make money off it

Except for me and my monkey

nice

loool

https://www.youtube.com/watch?v=RiHopGox5cU

be sure to get at least 3 minutes into that video

i'd think it was a parody but it's around 12 minutes longer than any parody would bother

Honestly, the idea of confining all these fuckers on an island (and then nuking it to the ocean floor, shh don't tell 'em) grows more appealing by the minute.

i think it may be real?
https://cointelegraph.com/press-releases/cryptoland-the-worlds-first-crypto-island-is-launching-the-most-epic-nft-giveaway

who even knows anymore

yeah the people who run these things tend to be a lot less self-deluded about the whole thing than the average crypto investor, as I understand it the crypto community is like 4chan in that it's 95% memes, inside jokes, and self-deprecating humor

didnt they do this in On Cinema already?

http://i.imgur.com/lpo5wGp.jpg

i've been trying to get people to trade for my HEI bux all year and everyone's so unwilling to even talk about it

Why are people so intent on generating nightmares, don't they know they just happen when you sleep

You guys are going to love this one…

A new tech startup wants to gamify the U.S. court system by allowing everyday Americans to bet on lawsuits using tradable crypto tokens. It calls the process an "initial litigation offering."

I spoke to one of the founders about the concept. https://t.co/ifdFxJEQsO

— maxwell (@maxwellstrachan) January 7, 2022

People have been known to bet on the movements of cockroaches or how long it will take before a stranger in a restaurant takes a drink from his water glass. This proposal just interposes a 'house' that takes its rake-off.

it also is openly targeting people who have bad credit to "invest" in them, while holding onto their money for a minimum of 1 year, if i read the article correctly

I just assume anything NFT-adjacent is a money-harvesting scam.

This sounds like a solid plan that couldn't possibly have any negative consequences

A new tech startup wants to gamify the U.S. court system by allowing everyday Americans to bet on lawsuits using tradable crypto tokens. It calls the process an "initial litigation offering."

I spoke to one of the founders about the concept. https://t.co/ifdFxJEQsO

— maxwell (@maxwellstrachan) January 7, 2022

People have been known to bet on the movements of cockroaches

The tokenization of U.S. law will benefit users in a few other ways, including by providing the market with liquidity that previously wasn’t available in litigation funding, Roche claims. If someone with a token needs money or believes a case is heading south, they can sell their token to the highest bidder and cash out. Such tradeability will also allow the value of a token to rise or fall as the case develops. “Let's say, the plaintiff gets a big ruling from the court—not a win, but a big ruling. The price may go up,” he said.

What could go wrong etc.

What's next, having camera crews follow cops around and package arrest footage as entertainment?

I’m sorry, this is the NFT thread — you’re looking for American dystopias, next door.

been finding thread fascinating in catching up on issues and

well this seems like yet another terrible idea https://www.politico.com/news/2022/01/08/campaign-fundraising-nft-526787

while hoping concept dies quickly, would be interesting to see who buys into it either as buyers or pols selling it

Turns out that these BAYC people are dealing in a lot of racist imagery...too many coincidences to wave away tbh.

https://news.knowyourmeme.com/news/after-bored-ape-yacht-clubs-alleged-racist-ties-critic-ryder-ripps-elaborates-on-specifics-of-the-controversy

It was like the first thing I thought of when I saw the ones with the big gums

https://lh3.googleusercontent.com/3ApfA1l_GCKC2gT2_mgoGAbGlRdTDb6QMHW-mYbWnh6EGCrwNqPRzld2qapQaDZYxMPUIYc-K80L8Z2T1zy5Pxw8VGpCGugW2T10xQ=s0

Entertaining resource: Molly White's website — https://web3isgoinggreat.com/ — is a cascade of stories about NFT and blockchain fuck-ups.

I've been following David Gerard's blog, https://davidgerard.co.uk/blockchain/

Wow, I just read his coverage of El Salvador. Hadn't been paying attention to that insanity.

From H in Addis's article: "NFTs are unique digital assets and give creators a way to pitch online wares that can’t be easily replicated," hmm? I guess it's not easy for some of us to Right Click > Copy, who knew.

Turns out that these BAYC people are dealing in a lot of racist imagery

wait people didn't see this from the jump?

the scales have been lifted

https://gizmodo.com/tiktok-star-who-sells-her-farts-in-jars-starts-selling-1848305521 you'll never guess!

This morning at 5:40am my desktop metamask was hacked and drained of all funds and NFTs.

The only thing I did differently was charge a brand new dildo on my computer and installed the app

Still trying to wrap my head around this but I think I was just hacked by a fucking dildo

— Sen Crypto Monglord (@crypto_bitlord7) December 21, 2021

and dildos have apps now? guess i’m behind on my dildo technology

the phrase is "dildonics"

TS: art galleries that have pivoted to NFTs vs. yoga studios that have pivoted to Qanon.

These are days of miracle and wonder

“Under Armour’s virtual sneaker collection Genesis Curry Flow NFTs fetched $333 at initial sale last month and are now priced anywhere from $551 to over $15,000”
-
I bought real Curry Flows the day they dropped and paid $160. What is y’all doin https://t.co/W7LvFJAekr

— 𝐄𝐱𝐚𝐯𝐢𝐞𝐫 𝐏𝐨𝐩𝐞 (@exavierpope) January 14, 2022