A fool and his not-really-money are soon parted
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From their comments section:
Congratulations - you got a bigger fool to pay you more than you paid the previous fool. Don't be the last man holding and you'll do just fine!
I'm inclined to agree. Until NFTs get nation-state backing, i.e. the people with the most guns enforce the contracts, this is a very foolish endeavour. I can actually see a use for NFTs and Smart Contracts but not worth the bits that represent them at the moment. It'll be interesting to see what happens if a major nation-state recognises them. I do admire the grift though.
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I created an NFT, but the image renders differently based on who's looking at it.
For example, on OpenSea: https://opensea.io/assets/0x5c61afa47570ab2b562606fa578221305b12c307/1/
...vs on Rarible: https://rarible.com/token/0x5c61afa47570ab2b562606fa578221305b12c307:1?tab=details
...vs if you own it, it currently renders as a large 💩 emoji in your wallet. How this works:
NFT image data is not on-chain (too costly). Instead, what's on-chain is just a URL that points to the image. But surprisingly, there is no hash commitment in the NFT for the image at the URL. This means whoever controls the URL host can change the NFT image at any time.
Looking at popular NFTs, there are tokens trading for crazy $$ where the NFT image comes from a random VPS running Apache. The VPS admin, or anyone who controls the domain name, can change the NFT image/name to render as 💩 (or whatever) at any point w/o owning the token.
My NFT simply does this by default. It renders differently based on the IP/UA of the request, so the NFT image data isn't ever consistent, and what you bid on isn't what you get. This is how ERC721 is setup, though, not something unique to this NFT
Good luck to all bidders!
Update: my NFT was removed by OpenSea without warning or explanation. I don’t see any terms it violated?
No problem, this is web3 right? But the NFT also disappeared from my crypto wallet! Why? Because MetaMask just calls the OpenSea API. Loving the decentralized future so far..
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@Zerosquare said in A fool and his not-really-money are soon parted:
I created an NFT, but the image renders differently based on who's looking at it.
For example, on OpenSea: https://opensea.io/assets/0x5c61afa47570ab2b562606fa578221305b12c307/1/
...vs on Rarible: https://rarible.com/token/0x5c61afa47570ab2b562606fa578221305b12c307:1?tab=details
...vs if you own it, it currently renders as a large 💩 emoji in your wallet. How this works:
NFT image data is not on-chain (too costly). Instead, what's on-chain is just a URL that points to the image. But surprisingly, there is no hash commitment in the NFT for the image at the URL. This means whoever controls the URL host can change the NFT image at any time.
Looking at popular NFTs, there are tokens trading for crazy $$ where the NFT image comes from a random VPS running Apache. The VPS admin, or anyone who controls the domain name, can change the NFT image/name to render as 💩 (or whatever) at any point w/o owning the token.
My NFT simply does this by default. It renders differently based on the IP/UA of the request, so the NFT image data isn't ever consistent, and what you bid on isn't what you get. This is how ERC721 is setup, though, not something unique to this NFT
Good luck to all bidders!
Update: my NFT was removed by OpenSea without warning or explanation. I don’t see any terms it violated?
No problem, this is web3 right? But the NFT also disappeared from my crypto wallet! Why? Because MetaMask just calls the OpenSea API. Loving the decentralized future so far..
Someone should send this guy some Skittles for his great contribution to sanity.
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Obviously it's a cryptocoin thing, and equally obviously it's abandoned (it's very old, from 2020)
And if it looks like a Raspi in a shitty case, that's because it is.
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If we’re predicating an NFT on a URL with no hashing, why has no one ever spelled out to these people that URLs tend to change over time because subsequent generations of developer change things for no good reason?
Haven’t these people learned that bookmarks stop working over time?
Are we expecting the Internet Archive to become the de facto storage of NFTs in the end? (Never mind that the URL won’t match)
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@Arantor said in A fool and his not-really-money are soon parted:
If we’re predicating an NFT on a URL with no hashing, why has no one ever spelled out to these people that URLs tend to change over time because subsequent generations of developer change things for no good reason?
data:
andmagnet:
URLs would be technically suitable, but I bet that that's not what the majority of NFTs are using.
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@dkf said in A fool and his not-really-money are soon parted:
data: [..] URLs
@Zerosquare said in A fool and his not-really-money are soon parted:
NFT image data is not on-chain (too costly).
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@ixvedeusi Yes, they'd probably have to be small NFTs if you were using
data:
(or at least very well compressed somehow).magnet:
URLs are generally much better for this sort of thing, as they are actually URIs for the data itself. You just need to normalize using bittorrent clients to actually retrieve the data. Which is a whole bunch of fun for those of us who observe the dumpster fire of anti-torrenting by ISPs and media companies.
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In stock news I've lost 12% in the last few days but doge remains strong. Choc ices for everyone!
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@dkf said in A fool and his not-really-money are soon parted:
anti-torrenting by ISPs and media companies.
What? Watching multi million dollar systems brought on by multi million dollar lawsuits being thwarted by DNS over https and $2 a month VPN services? Pretty dam funny if you ask me.
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There are too many things stupid about this to list them all.
One question I have: how can he single-handedly decide what he gets paid in? As far as I can tell, USD is still the official currency, not some random made-up nonsense.I'd prefer to get paid in topspin coins, nominal value of 1€ per 1T̵ topspin coin. Should be easy for administration to set up, you can even do the exchange rate conversion in your head. You can buy those directly from me, for the nominal value (plus a tiny transaction fee of 2€ per 1T̵).
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@DogsB said in A fool and his not-really-money are soon parted:
Pretty dam funny if you ask me.
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@topspin said in A fool and his not-really-money are soon parted:
There are too many things stupid about this to list them all.
One question I have: how can he single-handedly decide what he gets paid in? As far as I can tell, USD is still the official currency, not some random made-up nonsense.One of the advantages of some elected offices is that you get to decide how (and often even how much) you get paid.
Usually this is limited to Members of Parliament, but USA is kinda special in this regard, so it wouldn't surprise me if this was also a case of NY City mayor.
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@Kamil-Podlesak members of parliament are special, because at some point someone has to be the ultimate decision maker. I don't think some random city mayor can just decide their own pay, instead of the state government. At least I hope not.
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@topspin said in A fool and his not-really-money are soon parted:
some random city
@error_bot !xkcd 221
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Over/under on the amount of that money that goes into bills & retirement: 10%
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@topspin said in A fool and his not-really-money are soon parted:
@Kamil-Podlesak members of parliament are special, because at some point someone has to be the ultimate decision maker. I don't think some random city mayor can just decide their own pay, instead of the state government. At least I hope not.
Municipal mayors in the US are paid by the city that they're the mayor of, not the state government. NYC has a city council or something that's a check on this, but we are talking about fewer than 15 people including Adams. It's probably as simple as
Him: Can I get paid in bitcoin?
Them: Sure. Why not?
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@GuyWhoKilledBear that’s better. Of course still better would be: “no you idiot, you cannot.”
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@GuyWhoKilledBear said in A fool and his not-really-money are soon parted:
Him: Can I get paid in bitcoin?
Them: Sure.Why not?the fed is probably the biggest holder of bitcoin after confiscatng so much so he's effectly free.
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@GuyWhoKilledBear said in A fool and his not-really-money are soon parted:
@topspin said in A fool and his not-really-money are soon parted:
@Kamil-Podlesak members of parliament are special, because at some point someone has to be the ultimate decision maker. I don't think some random city mayor can just decide their own pay, instead of the state government. At least I hope not.
Municipal mayors in the US are paid by the city that they're the mayor of, not the state government. NYC has a city council or something that's a check on this, but we are talking about fewer than 15 people including Adams. It's probably as simple as
Him: Can I get paid in bitcoin?
Them: Sure. Why not?NYC Office of Payroll Administration: WTF is a bitcoin? Your check's in the mail.
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@Parody said in A fool and his not-really-money are soon parted:
@GuyWhoKilledBear said in A fool and his not-really-money are soon parted:
@topspin said in A fool and his not-really-money are soon parted:
@Kamil-Podlesak members of parliament are special, because at some point someone has to be the ultimate decision maker. I don't think some random city mayor can just decide their own pay, instead of the state government. At least I hope not.
Municipal mayors in the US are paid by the city that they're the mayor of, not the state government. NYC has a city council or something that's a check on this, but we are talking about fewer than 15 people including Adams. It's probably as simple as
Him: Can I get paid in bitcoin?
Them: Sure. Why not?NYC Office of Payroll Administration: WTF is a bitcoin? Your check's in the mail.
: If you asked for a check from the NYC Office of Payroll administration, I bet they couldn't do it either. (Most people who get a regular "paycheck" are paid by direct deposit.)
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@topspin said in A fool and his not-really-money are soon parted:
Interesting times for sure when a cunt like Giuliani seems like the sane guy from good old times.
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@GuyWhoKilledBear said in A fool and his not-really-money are soon parted:
@Parody said in A fool and his not-really-money are soon parted:
@GuyWhoKilledBear said in A fool and his not-really-money are soon parted:
@topspin said in A fool and his not-really-money are soon parted:
@Kamil-Podlesak members of parliament are special, because at some point someone has to be the ultimate decision maker. I don't think some random city mayor can just decide their own pay, instead of the state government. At least I hope not.
Municipal mayors in the US are paid by the city that they're the mayor of, not the state government. NYC has a city council or something that's a check on this, but we are talking about fewer than 15 people including Adams. It's probably as simple as
Him: Can I get paid in bitcoin?
Them: Sure. Why not?NYC Office of Payroll Administration: WTF is a bitcoin? Your check's in the mail.
: If you asked for a check from the NYC Office of Payroll administration, I bet they couldn't do it either. (Most people who get a regular "paycheck" are paid by direct deposit.)
The website talks about what to do if your check is lost or stolen, so it sounds like they can still do checks. Besides, if you ticked off a lifetime petty bureaucrat they'd find a way. Mayors are temporary.
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@LaoC said in A fool and his not-really-money are soon parted:
@topspin said in A fool and his not-really-money are soon parted:
Interesting times for sure when a cunt like Giuliani seems like the sane guy from good old times.
Well, he is being kinda sane. He's only doing 3 paychecks.
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Maybe the folks paying the guy in Bitcoin will just mint a special $10k coin and then cut it into pieces and pay a quarter of the coin a month or whatever?
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@DogsB I'm stealing this.
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Can we get this grammar fixed before I'm stealing it?
Or does that cost extra?
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@topspin said in A fool and his not-really-money are soon parted:
Can we get this grammar fixed before I'm stealing it?
Or does that cost extra?Sell the fixed version as an new NFT
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@topspin said in A fool and his not-really-money are soon parted:
Can we get this grammar fixed before I'm stealing it?
Or does that cost extra?All grammar guaranteed wrong or yous money back.
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@loopback0 said in A fool and his not-really-money are soon parted:
@topspin said in A fool and his not-really-money are soon parted:
Can we get this grammar fixed before I'm stealing it?
Or does that cost extra?Sell the fixed version as an new NFT
Brillant!
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@topspin said in A fool and his not-really-money are soon parted:
Can we get this grammar fixed before I'm stealing it?
Or does that cost extra?"You wouldn't right click a non-fungible token" therefore wording is correct.
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@Arantor nobody knows what the fungus stuff stands for.
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@Arantor said in A fool and his not-really-money are soon parted:
"You wouldn't right click a non-fungible token" therefore wording is correct.
It would be if that was what was written, but that isn't what is written so it isn't.
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@Rhywden taking a screenshot is property theft
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@loopback0 I'm actually more fascinated by that weird "beard stubble" thing he's got going on - I mean, does he take a paintbrush to get it that uniformly coloured? Because a normal three-day-beard looks rather different.
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@Rhywden probably drawn on like those eyebrows which are equally stupid.
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@loopback0 said in A fool and his not-really-money are soon parted:
@Rhywden taking a screenshot is property theft
I thought the whole point of NFTs was that you didn't actually have possession of the thing in any meaningful sense but that you had a blockchain backed ownership claim and that no one else could have a blockchain backed ownership claim.
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@boomzilla said in A fool and his not-really-money are soon parted:
@loopback0 said in A fool and his not-really-money are soon parted:
@Rhywden taking a screenshot is property theft
I thought the whole point of NFTs was that you didn't actually have possession of the thing in any meaningful sense but that you had a blockchain backed ownership claim and that no one else could have a blockchain backed ownership claim.
This sounds like those companies which sold exoplanet and/or star names ten to twenty years ago. Where the fine print was that nobody actually recognized those names.
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@PleegWat said in A fool and his not-really-money are soon parted:
@boomzilla said in A fool and his not-really-money are soon parted:
@loopback0 said in A fool and his not-really-money are soon parted:
@Rhywden taking a screenshot is property theft
I thought the whole point of NFTs was that you didn't actually have possession of the thing in any meaningful sense but that you had a blockchain backed ownership claim and that no one else could have a blockchain backed ownership claim.
This sounds like those companies which sold exoplanet and/or star names ten to twenty years ago. Where the fine print was that nobody actually recognized those names.
Yeah. But I think people knew that. Or at least, most people realized that it was just a fun thing to get the certificate or whatever.
I guess some of these NFT owners are just now realizing what they paid for.
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@loopback0 I'd make a "You wouldn't screenshot a NFT" but that's effort since there isn't a ready to go meme maker I could find.
Also, I'm going to champion "a NFT" as the canonical form from hereafter.
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@Arantor said in A fool and his not-really-money are soon parted:
I'd make a "You wouldn't screenshot a NFT" but that's effort since there isn't a ready to go meme maker I could find.
Here's one
There's more in this thread, which I think is what the video is referencing:
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@loopback0 said in A fool and his not-really-money are soon parted:
There's more in this thread,
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@loopback0 said in A fool and his not-really-money are soon parted:
those eyebrows which are equally stupid.
At least they're even. Unequally stupid eyebrows would look silly.
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@boomzilla said in A fool and his not-really-money are soon parted:
I thought the whole point of NFTs was that you didn't actually have possession of the thing in any meaningful sense but that you had a blockchain backed ownership claim and that no one else could have a blockchain backed ownership claim.
nods approvingly
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