NFTs (thread now extremely NSFW)

This appears to be the case, yes

yeah I wanna believe this is too dumb to be real but it appears it actually is

Yeah, it's nuts!!

Here's another article about it (published last month, before the Tweet):
https://www.buzzfeednews.com/article/amansethi/spicedao-dunedao-soby

There's a quote from the director of the "Jodorowsky's Dune" documentary:
“To be 25 years old and to have figured out whatever he has figured out with this cryptocurrency and he’s not out buying Ferraris and, you know, being a moron,” Pavich said. “My impression of him is that he was coming from a very pure place.”

I guess a "pure place" is where nobody tells you about copyright law...?

It sounds like he knows he can’t “just put it on the Internet” but has a utopian confidence that the various rights holders will sign off on future projects once they see how much he cares.

It's been scanned by someone else and is on Google for anyone to browse - https://photos.google.com/share/AF1QipNGBuasYa_WETf7sF6Q9W3SN-X7oiB3jrh5QDMMNQPQl9xgS3cua--BhRr-BImP1w?key=QmE1WTR0Z0FtZVFIalpsYVZ3LXFXMS1DUmNiUnR3

I will buy it for 10 million euros

If they really do have 16 million dollars to blow, they could probably just make their animated movie, insist it's a "derivative work" and post it for free on the blockchain. They'd still probably lose any court case but like Lucas/Disney never sought $$ for the Despecialized editions or w/e

Also it's nice that all those people were willing to chip in for him to buy it, but what do they actually get out of it? Presumably he gets to hold onto the physical copy. I guess the other members of the DAO share in any future proceeds, but it seems like the only way to generate any actual money will be to sell it at some point.

I would like to announce that i own the rights to the full lord of the rings, the one where it's all in one large book, and it is worth 14 million dollars

"It sounds like he knows he can’t “just put it on the Internet” but has a utopian confidence that the various rights holders will sign off on future projects once they see how much he cares."
Yep agreed, tipsy mothra.

Another quote from the Buzzfeed article: "Now that they have won the bid, Saqib and his associates must make good on their promise to bring the bible to the people and prove that their fundraising approach was not just a gimmick."

I have so many questions - this is essentially a stunt (or "gimmick" as stated above), so did they purposefully grossly *overbid* on the book (which was appraised at much, much less) just because they know that it would make the news this way?

Reading the Twitter comments, there's a fair amount of ridicule of course, but there seem to be more comments from the faithful, like the three mission points actually seem feasible to them.

By doing this, is the true message "we are crazy fans and we have millions of dollars to throw around so consider us as potential investors"?

Legendary Entertainment (behind the 2021 film) owns the movie/TV rights - why would they bother dealing with these Hollywood-outsider crypto bros (and wild-card Jodorowsky himself! I assume his intellectual property is intertwined...?) to make an incredibly weird, probably unprofitable series?

They have no intention of making an animated series. They’re using the 12m treasury donations to pay their “team” of discord moderators $70k a year. It’s a total scam.

— Daddy Paperhands (@DaddyPaperHands) January 17, 2022

ok NOW it makes sense

I am shocked! Shocked! To discover that scamming has been going on in these crypto premises!

rugged again lads

NFT developers rugpull for a third time, this time with "Big Daddy Ape Club"

January 11, 2022https://t.co/sWmGtSUVB4 pic.twitter.com/HeOHUfQZPH

— web3 is going just great (@web3isgreat) January 12, 2022

FFS, why wouldn't you just give people their picture of a monkey

It’s a disgrace to the legitimate business of selling racist pictures to white kids.

I'm starting to think ape drawings are not going to fund my retirement

well, if you are selling the NFTs, they might

Here's more on the Dune book crypto bros - click through for screenshots from Discord conversations:

"gm" as the kids say, some nuggets from overnight when shit started to get real on the discord with a bunch of carpetbaggers trying to "well actually" the bag holders but the guy who owns the book still thinking *they are going to sell an anime version to Netflix for "a fuck ton" pic.twitter.com/CPudhJLRkW

— Maybe: Fred Benenson (@fredbenenson) January 17, 2022

Quote from soby (the book buyer): "...because of the connections of our creative team we are going to produce a pilot for the first web 3 produced anime (have 2 big hitters already on and I'm working on getting grimes to do the music) we sell that off to netflix for a fuck ton"

And: "idk how to solve the problem of democracy man"

Grimes! Tax evasion tips! And so much more.

The main thing I’ve always thought Dune was missing was a soundtrack that sounded like someone inserting a MIDI keyboard into a cat’s ass

IRL lols, ty DJP

Grimes doing the music is the most plausible thing here

it's fucking sad that when a bunch of kids broke the system and suddenly found themselves accidentally grifted with millions of dollars purely by accident of technological circumstance, they took their newfound power and opted to waste it on the dumbest shit imaginable as opposed to doing anything vaguely constructive with it.

^^^^^the undercurrent of so much of this, for me

Reminds of this rich kid I lived with that only wanted to own a yacht. Pathetic

Did he get one?

one of the NFT ape guys should buy the Monkey Business yacht

https://cbsnews1.cbsistatic.com/hub/i/2016/05/06/62935985-c972-492d-a6d9-a1913aae0237/donna-rice-gary-hart-ap-promo.jpg

https://www.lamborghini.com/en-en/news/lamborghini-presents-the-space-key

i wrote an extension for chrome that changes twitter's nft avatars to subway jared. enjoyhttps://t.co/WAaoZ16Y8x pic.twitter.com/QuxtHUbdLu

— virgin (@wwwdotyoutube) January 21, 2022

https://www.youtube.com/watch?v=YQ_xWvX1n9g

The problem with NFTs is that they inspire people to create 2 hour 18 minute YouTube videos explaining the problem with NFTs. Jesus fuck. Who has less of a life, the NFT owner, the person who makes a two hour-plus video about it, or the person who sits through that fucking thing?

An odd thing about all this is, one of the big blockchains (Etherium) is about to get forked into a new system, called Pulsechain to try and minimise transaction fees, which are getting crazy.

Everyone's coins (of a certain protocol) and NFTs will be duplicated on that new blockchain, whether the owners want them to be or not.

Meaning that the holders of all those NFTs will have one correctly legered, straight-up copy in their possesion, so which one is the real one and surely they'll be unsellable? (if they weren't already, of course) The people behind the fork are not fans of NFT so it could be an elaborate troll.

NFTs are a revolutionary gamechanging technology that allow the artist investor to generate new revenue streams and make connections with collectors in a global community

The long explainer linked by abanana is both very thorough and quite good. It does require a fairly large time and energy commitment to absorb over 2 hrs of densely packed, but well-presented, information. After one watching I might retain maybe 20% of it, but I doubt I'll need to retain any more than that to have a fairly sound understanding of the phenomenon.

i usually dont have time for a 2 hr+ video explaining this stuff but (1) im home with covid all day and (2) im interested in dunk contests against nfts/crypto and this video is good at that

ezra klein had an interview with some evil vampire lady a few months ago about crypto that I thought was pretty good. (I share ezra’s uneasiness.)

Saw this linked elsewhere earlier this morning. It's very good, as Dan's work usually is. Considering this is ILX, the protests that it's a waste of time strike me as funny.

https://www.youtube.com/watch?v=YQ_xWvX1n9g

i have reviewed all 138 minutes, and it turns out that NFTs (and crypto?!) have some problems

the book he mentions, Attack of the 50 Foot Blockchain, is very good.

i can't believe i actually did watch all of that, ha.

for those who value their time more than i do (mine is valued at 0.00002923 BTC/hour), i'd suggest just watching

section 4 (NFTs exist to get you to buy Crypto, at 39:00 to 58:00, roughly), and the last 5 minutes

it is kind of amazing that you once you know someone's wallet id, you can just send them viruses, lol

i might as well drop this one here- another explainer vid critical of nfts and crypto. i found it interesting:

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

it is kind of amazing that you once you know someone's wallet id, you can just send them viruses, lol

Yeah I was shocked at that too, but not surprised. I came here to post the same vid as it was incredibly insightful. I already had my opinions formed on crypto and NFTs but the long view, behavioral/social interactions and implications as well as historical context of the scene really helped fill in a ton of ambiguity. What a mess.

you are KIDDING me https://t.co/cPrJuF331j

— Ash Sarkar (@AyoCaesar) January 24, 2022

Though apparently endorsed by the player it's modeled on, so ... I don't even know.

https://www.guitarworld.com/amp/news/gibson-nfts-models

You can either spend $10k on a real ES-335 or a picture of one. How to choose, how to choose...

Deeply strange pic.twitter.com/ycilbi1iNL

— James Kelleher (@etienneshrdlu) January 25, 2022

This Fallon clip is legitimately odd, like they’re being held hostage. Dude is so obnoxiously enthusiastic about everything but he just seems so dead inside talking about this

I get it now! Celebrities all instinctively hate each other so Bored Apes are a desperate attempt to manufacture ice-breaking small talk https://t.co/IVqDTofBCc

— KonstantinBoristovich🐮🛠🧝🏼‍♀️🐗👜 (@HardSciFiMovies) January 25, 2022

Somehow I missed that Kickstarter was going Blockchain and the founder that used to post here now tweets about NFTs

Is that true? I was just wondering about him the other day for some reason.

She tells the same old story to everyone that she sees
She's just sitting in her room reading tweets about NFTs