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Thread: The Automation Spiral (obligatory loleconomics thread v2)

  1. #2721
    Movember 2011 RazoR's Avatar
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    nice scam bruh

  2. #2722

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    Huh was wondering where the post went.

  3. #2723
    Movember 2011Movember 2012 Nordstern's Avatar
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    Dad: Why are you still holding your ARK shares?

    Me: Wash sale rules.

    Dad: Really.

    Me. Yep.
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
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  4. #2724

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    How come you're triggering the wash sale? I thought if you're only selling and not intending to repurchase, then it won't trigger.

  5. #2725
    Movember 2011Movember 2012 Nordstern's Avatar
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    Quote Originally Posted by August View Post
    How come you're triggering the wash sale? I thought if you're only selling and not intending to repurchase, then it won't trigger.
    Well, I am intending to purchase more when it bottoms out. Timing that will be a challenge.

    Also, ARKX launched yesterday. Literally to the moon.
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
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  6. #2726

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    https://www.vice.com/en/article/pkdj...ng-this-is-why

    People's Expensive NFTs Keep Vanishing. This Is Why
    “There was no history of my ever purchasing it, or ever owning it,” said one confused NFT buyer. “Now there’s nothing. My money’s gone.”

  7. #2727
    Movember '12 Best Facial Hair Movember 2012Donor Lallante's Avatar
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    That link and anecdote encapsulates exactly why I am so skeptical of blockchain thus far. It's fucking useless having a secure, decentralised ledger if you need a front end and back end both of which are unsecure, dodgy as fuck and prone to manipulation.

  8. #2728
    Lief Siddhe's Avatar
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    Quote Originally Posted by Isyel View Post
    https://www.vice.com/en/article/pkdj...ng-this-is-why

    People's Expensive NFTs Keep Vanishing. This Is Why
    “There was no history of my ever purchasing it, or ever owning it,” said one confused NFT buyer. “Now there’s nothing. My money’s gone.”
    this might be relevant to the discussion

    I was somewhere around Old Man Star, on the edge of Essence, when drugs began to take hold.

  9. #2729
    Joshua Foiritain's Avatar
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    Man, i googled NFTs because i had no idea what you people are talking about but now i cant tell if im retarded or nfts are retarded.

    From what i understand: You can buy a thing like some digital drawing and 'own it' but you dont actually control it, the creator maintains the copyright/ownership and everyone else can still view the image wherever its hosted. They can also sell it as an NFT again so 2+ identical but 'unique' (because they have a different identification code?) can exist? What you're buying is just the ability to claim that you 'own' (a copy of?) it without having anything that can be described as actual ownership over the item? And based on the posts here your bought product isnt even stored in the blockchain, a link to the location of the image is what gets stored so if imgur deletes the image you just own a dead link?

    Is this crypto speculation evolving into its final form? People figured out bitcoins value is 100% believe based, speculating on it has gone mainstream and now they want to be able speculate on literally anything in the (digital) universe?

    What the fuck?



  10. #2730

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    Quote Originally Posted by Joshua Foiritain View Post
    What the fuck?
    Yes.

  11. #2731
    rufuske's Avatar
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    Quote Originally Posted by Isyel View Post
    Quote Originally Posted by Joshua Foiritain View Post
    What the fuck?
    Yes.
    Crypto, not even once.

    It's still going to be amazingly useful to settle anything in an instant. But idea that Goldman, JP, Blackrock, blahblah, DTCC is going to use any of the existing blockchains instead of starting their own, with their own mine is frankly delusional to me.

    edit: Can't wait for Elon being blamed as the main instigator of the collapse of US financial system.
    Last edited by rufuske; April 1 2021 at 08:19:39 PM.

  12. #2732
    Lowa [NSN]'s Avatar
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    Quote Originally Posted by Isyel View Post
    Quote Originally Posted by Joshua Foiritain View Post
    What the fuck?
    Yes.
    So much this. I too did some reading and all I got was a headache.
    Quote Originally Posted by Tarminic View Post
    I would create a dragon made out of vaginas. Then I would create a dragon made out of dicks. Then I would have them fight to the death.

  13. #2733
    Jack Coutu's Avatar
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    Just people falling for more "art is worth whatever I say it is" bullshit. Once you get into spending 20k on a fucking digital token of a real world thing you are witnessing people not give a single fuck about reality. When I used to make physical furniture out of wood I was amazed at how much people would pay for it, and I support paying craftsmanship and artistry, but selling NFT is another crypto market, not some new era for art.

  14. #2734
    Joe Appleby's Avatar
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    The idea of NFTs is a good one tbh. Just that the current iteration is not what it should be.

    Digital only artists have a problem that an artist dealing with tangible - for a lack of a better word - art doesn't have. If a traditional artist sells a painting it's gone. There's only ever a finite amount of that painting. Even straight up copies are limited and unless by the same artist, lesser in value.

    Digital art isn't unique due to easy copying. Blockchain could creat the a unique identifies for art. But IMHO not in the way it's done right now, with the NFT only being a certificate of authenticity if you will. While those are enough for real art, simply because the art pieces are limited, it's not enough for digital art.

    Stupid idea section that probably would never work, but bear with me, keep in mind I know nothing:

    The Blockchain part would need to be a part of the meta data of the image/sound/video file and programs would need to able to attach blockchain stuff to files during the save process.
    Could blockchain be used as an alternative to signing documents with a key? Or is that something completely different?

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  15. #2735
    Movember 2011 RazoR's Avatar
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    who cares, prntscrn (and other methods of lossless capture) exists

    digital artists are doing well on comissions, shame most of them are furry porn

  16. #2736

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    A problem is simply that NFTs can be made out of anything by anyone and dont actually prove any ownership of anything except the NFT itself.

    Artists getting their shit "converted" and seeing it make many times over what they were making because morons are throwing money around are furious for a good reason tbh.

    Quote Originally Posted by RazoR View Post
    who cares, prntscrn (and other methods of lossless capture) exists

    digital artists are doing well on comissions, shame most of them are furry porn
    Furries pay very well apparently. So does porn in general.

    Can't really blame people for going where the money is.
    Last edited by Isyel; April 2 2021 at 03:31:18 AM.

  17. #2737
    Movember 2011Movember 2012 Nordstern's Avatar
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    Quote Originally Posted by Isyel View Post
    A problem is simply that NFTs can be made out of anything by anyone and dont actually prove any ownership of anything except the NFT itself.

    Artists getting their shit "converted" and seeing it make many times over what they were making because morons are throwing money around are furious for a good reason tbh.

    Quote Originally Posted by RazoR View Post
    who cares, prntscrn (and other methods of lossless capture) exists

    digital artists are doing well on comissions, shame most of them are furry porn
    Furries pay very well apparently. So does porn in general.

    Can't really blame people for going where the money is.
    Talent follows the money.
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  18. #2738
    Venec's Avatar
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    The thing with that is that creator always holds the rights to whatever work he created unless he specifically forgoes them. When you buy a panting you buy just the physical copy of it, intellectual ownership still belongs to the person who painted it. Same goes for photographic prints, made for example in a darkroom. This is why photo collectors often write a contract with the photographer requiring him to sign a paper that forbids him to make another physical copy of his photo for x years, so the prints collector buys can actually be valuable. And it's also why it's required for an "archival print" to be stampled with creators unique signature, along with other info like year it was made, etc etc

    Thing is with digital copies that you cannot prove your intellectual ownership so easily, there's no "digital stamp" over it that cannot be removed without damaging the copy. NFT is an effort to remedy that, but like Joe said it's being done in a bad way that requires blockchain. My friend, for example, who was amateur photographer (and good one at that) had her photos stolen by a big corporation and used without her consent in marketing campaign without her seeing a penny. She was p. much powerless to stop it.
    Last edited by Venec; April 2 2021 at 10:59:53 AM.

  19. #2739
    Venec's Avatar
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    Quote Originally Posted by RazoR View Post
    who cares, prntscrn (and other methods of lossless capture) exists

    digital artists are doing well on comissions, shame most of them are furry porn
    Yes, but you can't make a decent sized/quality printout out of a prntscrn or a jpg dled from a site, unless it was given in high resolution and in at least 300 DPI, which creators rarily do that.

  20. #2740
    Keckers's Avatar
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    Intellectual property rights are a convoluted legal concept created by capitalism to avoid actually dealing with inherent contradictions in use and exchange values.
    Look, the wages you withheld from the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord of Hosts. You have lived on earth in luxury and self-indulgence. You have fattened yourselves for slaughter.

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