NFT (Non-Fungible Tokens) - Files as crypto currency

[Cool Dog]

I get it: I don't understand why people throw hundreds of millions of dollars at a shitty jpeg of a shitlib's art. But they are.

Boomers are into baseball cards and all that, yes. However think about MtG, Yu-Gi-Oh and the multitude of online card games, millennials go apeshit for them. Incorporate NFTs into those, and play/compete for them as investments. Don't think for a second EA is not licking their chops on how incorporate this into microtransactions. EA can even get around their "it's not really gambling" argument by just claiming they're selling digital assets.

Flow is already partnering with Ubisoft, Samsung, NBA, UFC, and Warner Music.
- Music artists are jumping into NFTs as a way to recoup losses from not touring.
- Imagine fantasy football, but with actual NFT players. Winner gets the pot.

Also, Chiliz coin is an NFT play that's specifically gearing towards sports betting, especially soccer.

Shit didnt think of MtG, should totally get something like that going but I know fuck-all about those gay card games and cant draw for shit

Music artists were too dumb to figure out MP3, this is quantum mechanics in comparison, and double that for their fans

And sport betting NFTs is asking for the IRS and every other such agency in the world to fuck them raw

Threadreader version, much easier to read:

https://threadreaderapp.com/thread/1372163423446917122.html

Quite insightful.

While on the topic, a friend of mine is a digital artist and I've been informing her -as accurately as I can- on what's going on with this stuff, for the most part I'm just telling her to keep her eyes peeled but don't jump on it just yet, like @Spergerella said the whole thing looks too good to be true... quite possibly a fugazi.

Tell her to get in now, in these bubbles the only people who make any money are the ones who got there early, everybody else becomes a bagholder

nigger, hindu or an arab (top 3 crypto consoomers)

Really? why?

 

[Ahriman]

Tell her to get in now, in these bubbles the only people who make any money are the ones who got there early, everybody else becomes a bagholder

Yea I'm assisting her with some of the ins and outs of infosec because she's absolute shit at handling passwords, so she has no idea of how to keep things safe.

 

[Cool Dog]

Yea I'm assisting her with some of the ins and outs of infosec because she's absolute shit at handling passwords, so she has no idea of how to keep things safe.

You got experience in this?

 

[Spergerella]

Yea I'm assisting her with some of the ins and outs of infosec because she's absolute shit at handling passwords, so she has no idea of how to keep things safe.

Does she have a following or connections with old money art dealers or cocky start up monies?
I’m having a hard time believing it’s worth minting artwork unless you KNOW you have an audience ready.
Tara MacPherson is an artist I admire and has begun offering NFTs. Her announcement was met with a lot of derision and faux environmental concern BUT she already has an audience.

 

[Ahriman]

You got experience in this?

Spoiler: powerlevel

I work in the IT industry; least privilege accesses, managing secrets and keys, etc is what I do for a living. I am not strictly InfoSec but I like to think that I have a fairly decent idea of how to implement good security practices. She has never used a password manager before, or set up 2FA on any of her accounts, she has had an email account accessed at one point and has no idea how it happened, either way I'll try to assist her with what she needs.

It's all about practicing safe SECs, people!

Does she have a following or connections with old money art dealers or cocky start up monies?
I’m having a hard time believing it’s worth minting artwork unless you KNOW you have an audience ready.
Tara MacPherson is an artist I admire and has begun offering NFTs. Her announcement was met with a lot of derision and faux environmental concern BUT she already has an audience.

She draws hentai/mostly Jap commissions, and she's got a fairly decent following -not too small or too large I reckon- so in her case, she'd be doing that kind of artwork. But also, considering that she draws NSFW stuff, she needs to take a closer look at their t&c:

Even if cryptocurrency infrastructure is fairly agnostic, markets represent a possible bottleneck for content creators. Rarible's terms of use prohibit users to "publish, post, distribute or disseminate any profane, obscene, pornographic indecent or unlawful content, pictures, topic, name, material or information," for example, but at the same time, has a dedicated NSFW category. OpenSea, another listing marketplace, is more lenient. Its terms of use state that it allows the sale of NSFW content, but that content is "subject to being marked NSFW and handled differently than non-NSFW content in navigation menus and search results," and the site bans "asset names, listings and their descriptions, smart contract names, and collections including profanity, sexually explicit, or overtly sexual content." SuperRare, another marketplace, does not allow minting pornographic or obscene content—but a quick search on the platform shows that this rule is pretty loose. Foundation similarly forbids vulgar, obscene or pornographic content.

Sauce

It's one of the things that could put a dent on the whole thing for her, but I see that there's artists out there doing just fine (for now). Unsure as to her having connections tho, her fanbase are mostly weeb coomers but you never know.

 

[Pepsi-Cola]

What game is that, and how fun is it to play? When it comes to cryptogaming I was thinking of tossing some money at The Sandbox before it launches.

Yeah, investing in cryptogames is pretty gay and there are better ways of making a profit, but it's fun.

Anyway, whats the game?

https://play.mcp3d.com/

 

[419]

StoneToss chips in on NFTs:

 

[Mother puss bucket]

Steam will let you trade or sell cards and items, and the only reason they don't let you resell games too is because they don't want to. This is a solved problem already.

You can buy gift games and trade them for suitable items like TF2 hats. It's sort of reselling.

I get it: I don't understand why people throw hundreds of millions of dollars at a shitty jpeg of a shitlib's art. But they are.

Boomers are into baseball cards and all that, yes. However think about MtG, Yu-Gi-Oh and the multitude of online card games, millennials go apeshit for them. Incorporate NFTs into those, and play/compete for them as investments. Don't think for a second EA is not licking their chops on how incorporate this into microtransactions. EA can even get around their "it's not really gambling" argument by just claiming they're selling digital assets.

Flow is already partnering with Ubisoft, Samsung, NBA, UFC, and Warner Music.
- Music artists are jumping into NFTs as a way to recoup losses from not touring.
- Imagine fantasy football, but with actual NFT players. Winner gets the pot.

Also, Chiliz coin is an NFT play that's specifically gearing towards sports betting, especially soccer.

Maybe I'm missing something here but I think I understand the concept. You owe a digital key saying you own X item, it's stored in the block chain and then you can use that to proof you purchased a license/ownership for X item. This makes no sense to me what so ever because it has no practical value. In TF2, if you have this key and I have the hat in my inventory, I have the hat and it's mine. Your claim means shit when I'm wearing it in game and you're crying you have the right to it on a block chain thing. If you're using it as authentication in some way then it sort of make sense but there's better systems for that.

Crypto screams ponzi scheme to me. It has since day 1 and we're way past that now. If you had got in on the ground floor you would have loads of money, if you had someone you could sell those coins to. But there's not a whole lot you can do with bitcoin except exchange it for cash which requires someone else to buy into it creating this weird bubble. All these alt coins and more secure whatever things seem like the same variant on the original scam, a lot of the new coins are designed to be created, pumped on 4chan and Reddit then dumbed a week later (used to be how the e-mail stock scam worked). While looking at the NFT I ask what problem does it solve, what purpose does it have and I'm left scratching my head. Owning digital art work yet not makes no sense to me. In a TCG you can say a card isn't worth what people are paying for it but they're still physical objects or digital objects you use within a game to do stuff. What does opening the NFT to Sonicsvoreadventurepage.jpg do for you? Crypto going main stream is bringing to light all these weird and bad ideas where ignorant people are going to invest in them with no clue why or how but expecting a huge pay off. It's the dot com bubble all over again and it's going to crash with an almighty boom when people realize outside of illegal activity (which bitcoin isn't even good for) there's so little use for crypto you're gambling hoping some other sucker pays more for your bytes than you did.

 

[Large]

StoneToss chips in on NFTs:
View attachment 2024665

He's selling 3 NFTs. Auction ends in 15 minutes. If anyone here is autistic enough to spend 600$ on "AMOGUS", you can do so now.

 

[Cool Dog]

Spoiler: powerlevel

I work in the IT industry; least privilege accesses, managing secrets and keys, etc is what I do for a living. I am not strictly InfoSec but I like to think that I have a fairly decent idea of how to implement good security practices. She has never used a password manager before, or set up 2FA on any of her accounts, she has had an email account accessed at one point and has no idea how it happened, either way I'll try to assist her with what she needs.

It's all about practicing safe SECs, people!

She draws hentai/mostly Jap commissions, and she's got a fairly decent following -not too small or too large I reckon- so in her case, she'd be doing that kind of artwork. But also, considering that she draws NSFW stuff, she needs to take a closer look at their t&c:

Sauce

It's one of the things that could put a dent on the whole thing for her, but I see that there's artists out there doing just fine (for now). Unsure as to her having connections tho, her fanbase are mostly weeb coomers but you never know.

So normie-tier opsec? alright

And I recall some chink chick making like $40k a month drawing vanilla (but very high quality) hentai on patreon, so if your friend really has talent and can draw something besides porn there might be an opening, how disgusting its her art? can you share it without doxing her? I take she's already anon right?

As for her audience you wouldnt believe the kind of money some of these coomers have, its insane that they burn their cash on this shit instead of going to high-end prostitutes and pay them to dress as sailormoon or whatever their fapping fantasies are

BTW I'm trying to PM you, can you authorize me?

 

[Ahriman]

So normie-tier opsec? alright

And I recall some chink chick making like $40k a month drawing vanilla (but very high quality) hentai on patreon, so if your friend really has talent and can draw something besides porn there might be an opening, how disgusting its her art? can you share it without doxing her? I take she's already anon right?

As for her audience you wouldnt believe the kind of money some of these coomers have, its insane that they burn their cash on this shit instead of going to high-end prostitutes and pay them to dress as sailormoon or whatever their fapping fantasies are

BTW I'm trying to PM you, can you authorize me?

Well most normies are rather careless when it comes to opsec so I'm trying to educate her on the matter.

PM sent!

 

[Spergerella]

I’m participating in a conference to explain NFTs to brokers and advisors and whoooooo boy...talking about this crap in a comprehensible way is going to be rough.

We aren’t allowed to talk much about tokens or even the blockchain. The fear is no one will understand it and the audience will check out early.

 

[Ahriman]

I’m participating in a conference to explain NFTs to brokers and advisors and whoooooo boy...talking about this crap in a comprehensible way is going to be rough.

We aren’t allowed to talk much about tokens or even the blockchain. The fear is no one will understand it and the audience will check out early.

IMHO I'd tell them that it's super exciting to be a part of but at the same time, to temper their expectations. That threadreader link I've posted (from @RembrandtCourage 's post) was fairly illuminating. From a technical standpoint, there seems to be a few technical kinks to iron out, but other than that, it's pretty promising.

The Dilbert comic is an example of people who have gotten smoke blown up their asses by sales people (they're fucking vermin), into getting into the latest and greatest because "it just works".

 

[itskaon]

how is NFT different from any other crypto currency? correct me if im wrong but bitcoin and ethereum have to real function and as much as they are worth right now how are they used outside of trading and some online transactions?

 

[TV's Adam West]

>Art as currency
Time to start selling the rare pepes.

 

[Spergerella]

>Art as currency
Time to start selling the rare pepes.

If you look at the free for all markets you will see many a Pepe.

 

[Cool Dog]

If you look at the free for all markets you will see many a Pepe.

 

[The Paranoid Organ]

While I actually kick myself for not getting into btc when it was fractions of a penny the thing is even back then the crypto space looked shady af to me.

Same boat here. I could have grabbed hundreds or thousands of BTC when I was a bum college student for the cost of a liquor bottle. I have the same opinion on Crypto now as I did then: It is not money in the same sense of Silver and Gold. It requires electricity and functioning internet to work. If shit hit the fan or the globohomo clamps down, crypto would be useless no matter what the price is.
Nowadays seeing the crypto prices jumping all over the place. I may throw some of my hard-earned BAT into one of the more hyperbolic crypto or even godforbit a NTF, wait for it to mature, then convert over to precious metals.

I guess you could buy some 12yo girl's v-card then resell it for a profit when she hits 18

Then again what if she refuses to put out?

Who fucking knows. I was just musing on the degeneracy of our society enhanced by technology.

 

[Kosher Dill]

how is NFT different from any other crypto currency?

The very short answer is that one bitcoin is effectively the same as any other bitcoin, but each NFT has a distinct identity and ostensibly refers to one specific thing. Also, cryptocurrencies can be split up into "change" but an NFT can't - it's one unit.

 

[mindlessobserver]

I’m participating in a conference to explain NFTs to brokers and advisors and whoooooo boy...talking about this crap in a comprehensible way is going to be rough.

We aren’t allowed to talk much about tokens or even the blockchain. The fear is no one will understand it and the audience will check out early.

If my retard ass can understand it they can.

Ethereum is a distributed ledger that exists to quantify a transaction. Once a transaction is approved and added to the ledger it exists forever. Ether (ETH) is the medium of exchange as this is the "item" used as the vehicle to record the transaction. The token is a specific numerical serial number on the Ledger that cannot be duplicated or changed because the record exists on thousands of hard drives as part of the overall network making it impervious to counterfeit or duplication unless by some miracle a bad actor managed to hack every computer on the network.

Ethereums ability to create tokens and dApps is what really sets it apart from Bitcoin.