A fool and his not-really-money are soon parted
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@ixvedeusi 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:
Won't speed up transactions, won't make transactions cheaper but will get them away from relying on people pumping electricity through graphics cards, at least.
Proof-of-stake, that's the one where the richest guy gets to decide which transactions are valid, right?
As tried-and-tested systems go, this is a pretty good one with a few millennia of experience. I'm sure it will work just as well.
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@LaoC said in A fool and his not-really-money are soon parted:
@ixvedeusi 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:
Won't speed up transactions, won't make transactions cheaper but will get them away from relying on people pumping electricity through graphics cards, at least.
Proof-of-stake, that's the one where the richest guy gets to decide which transactions are valid, right?
As tried-and-tested systems go, this is a pretty good one with a few millennia of experience. I'm sure it will work just as well.
As opposed to the old method from before that of looking at who owned the most
slavesgraphics cards?
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The Solana blockchain-powered protocol made the error when it tried to update its program code. Instead of a standard update, OptiFi accidentally used the "solana program close" command, resulting in the permanent closure of the platform on the mainnet, according to a blog post.
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@boomzilla wow, only 95% self-dealt?
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Mistakes happen
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@TimeBandit what's a little off-by-
onefive between friends?Though I've seen similar stupid shit over the years, e.g. the one time the bank phoned up the mortgage company I worked for with 'why are you trying to take a first mortgage payment of £106,000' (answer: total loan amount, not first payment)
EDIT: if you don't notice $10 million worth of anything going missing for six months until you do an audit, you probably deserve to lose it for sheer incompetence.
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Key Takeaways
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The vast majority of NFTs convey zero intellectual property ownership of their underlying content (artwork, media, etc.)
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Many issuers, including the largest Yuga Labs, appear to have misled NFT purchasers as to the intellectual property rights for the content they sell.
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Only one NFT collection in the top 25 by market capitalization even attempts to confer intellectual property rights to the purchasers of their NFTs (World of Women).
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The Creative Commons license, while seen as a solution to the restrictive licenses used by most projects, renders NFT ownership obsolete from a legal perspective as it moves the intellectual property fully into the public domain, making it impossible for NFT holders to defend their ownership rights in court.
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Without improvements in the on-chain representation and transfer of intellectual property rights from NFT issuers to NFT token holders, the expansive vision of Web3 will remain unrealized.
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@Zerosquare said in A fool and his not-really-money are soon parted:
(World of Women)
Is this the famous WoW I keep hearing about?
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@Zerosquare said in A fool and his not-really-money are soon parted:
vision of Web3 will remain unrealized.
Oh no!
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@MrL said in A fool and his not-really-money are soon parted:
@Zerosquare said in A fool and his not-really-money are soon parted:
vision of Web3 will remain unrealized.
Oh no!
... anyway
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@Arantor said in A fool and his not-really-money are soon parted:
if you don't notice $10 million worth of anything going missing for six months
then you have enough money that you do not need to worry about such
petty cashpeanutschickenfeed issues.
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@Zecc said in A fool and his not-really-money are soon parted:
@Zerosquare said in A fool and his not-really-money are soon parted:
(World of Women)
Is this the famous WoW I keep hearing about?
Also, "things that sound a lot more fun than they probably are".
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@Zerosquare said in A fool and his not-really-money are soon parted:
World of Women
Has Fellini's
Citta delle donne
expanded?
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@BernieTheBernie said in A fool and his not-really-money are soon parted:
@Zerosquare said in A fool and his not-really-money are soon parted:
World of Women
Has Fellini's
Citta delle donne
expanded?Thought it was Stieg Larsson's "The Girl in the Web3".
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Today in yuge crypto numbers: two can play at that game.
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@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
40,564 years in prison
That reminds me of a story I read many years ago. Unfortunately, I don't remember the name or author. The basic premise was that somebody had invented a way of capturing the "consciousness" — "essence", "personality", "soul", whatever you want to call it — of a person when they died. Prisoners who died before the end of their sentences were captured and continued to "live" in a virtual prison for the remainder of their term.
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Saw this somewhere and it made me think of this thread.
Every few years, society produces a crop of gullible libertarian tech-bros who think they're way smarter than the last group of libertarian tech-bros. Being libertarians, they hate any centralized organization, so they are inexorably drawn to any promises of "decentralization". Being tech-bros, they're inexorably drawn to any tech-based solution to problems. Being gullible, they have no idea what scams look like.
As long as there are gullible libertarian tech-bros who have some disposable income, crypto-scams will continue to make money. These scams collapsed because they ran out of gullible libertarian tech-bros to milk. In part thanks to the fact that harder economic times makes people less gullible. And in part because they'd scammed so many that nobody else was left.
But once the economy is better, crypto-scams will be back. A new crop of scammable people will arise, who think they're smarter than the last group. And a new crop of scammers will appear to take advantage of them. It's a self-selecting group of people with disposable income and zero social skills.
Crypto is an infinite scamming machine so long as it remains unregulated.
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@HardwareGeek said in A fool and his not-really-money are soon parted:
@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
40,564 years in prison
That reminds me of a story I read many years ago. Unfortunately, I don't remember the name or author. The basic premise was that somebody had invented a way of capturing the "consciousness" — "essence", "personality", "soul", whatever you want to call it — of a person when they died. Prisoners who died before the end of their sentences were captured and continued to "live" in a virtual prison for the remainder of their term.
Also this: https://en.wikipedia.org/wiki/White_Christmas_(Black_Mirror)
Plot (the episode spoiled if you haven't seen it):
Joe Potter awakens in a cabin on a snowy Christmas Day, greeted by Matt Trent . The two have lived there for five years but barely spoken. To ease Joe into conversation, Matt explains why he ended up in the cabin. He used to run an online group who watched each other seduce women through implants called "Z-Eyes", which transmit the user's vision and hearing. One member, Harry, crashes an office Christmas party and talks to Jennifer. She is mentally ill and mistakes Harry's communication with the group for him hearing voices, as she does. After they return to her place, she poisons them both in a murder-suicide.
Matt then talks about his former job, training "cookies"—digital clones of people stored in an egg-shaped object—as personal assistants. He describes the experience of Greta's cookie, which refused to be a personal assistant. Matt makes six months pass inside the cookie's world in a matter of seconds and she relents under threat of further boredom and isolation.
Joe opens up: he was "blocked" by his fiancée Beth after the two fought over her decision to have an abortion. Blocking causes them to see each other as grey silhouettes and prevents Joe from contacting Beth. Months later, Joe confronts her still-pregnant silhouette and is arrested. Each Christmas Eve, when Beth visits her father, Joe travels to his house to spy on Beth and her daughter (to whom the block extends). The block is removed after Beth dies in a train accident, allowing Joe to discover that Beth had an affair and he is not the child's father. Confronting Beth's father, Joe strikes him with a snow globe, killing him, and leaves. The girl sets off into the snowy wilderness to get help, only to freeze to death.
While Joe tells the story, the cabin gradually transforms into Beth's father's house. Joe and Matt are in a cookie, the five years resulting from altered perception of time, and Joe is a cookie that has just given testimony which will be used to convict the real Joe. For his service, Matt avoids imprisonment for his role in Harry's death, but he is now registered as a sex offender and permanently blocked by everyone. Meanwhile, an officer sets Joe's cookie to experience time at 1,000 years per minute, with Wizzard's "I Wish It Could Be Christmas Everyday"—which played as Joe killed Beth's father—on repeat.
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Another reason not to
own a smart TV.use it other than as a large dumb TV.
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LG’s NFT platform is built on Hedera, which describes itself as the “most used, sustainable, enterprise public ledger for the decentralized economy.”
Hedera Hashgraph is an enterprise-focused public Distributed Ledger Technology (DLT) that utilizes a Directed Acyclic Graph (DAG) for its architecture instead of a blockchain
Ah, so it's like git!
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@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
LG’s NFT platform is built on Hedera, which describes itself as the “most used, sustainable, enterprise public ledger for the decentralized economy.”
Hedera Hashgraph is an enterprise-focused public Distributed Ledger Technology (DLT) that utilizes a Directed Acyclic Graph (DAG) for its architecture instead of a blockchain
Ah, so it's like git!
Looks like a re-hash of Iota.
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@loopback0 said in A fool and his not-really-money are soon parted:
Isn't that the best way to get value for your Bored Apes right now? There was that recent bidding "war" that showed that a (particular) Bored Ape was only worth ~1% of its initial value. So if you can get a loan for most of its initial value, then just take the money and run, leaving your Ape to be confiscated later.
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Crypto has all the going, going, gone! of a home run chase!!
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@HardwareGeek said in A fool and his not-really-money are soon parted:
@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
40,564 years in prison
That reminds me of a story I read many years ago. Unfortunately, I don't remember the name or author. The basic premise was that somebody had invented a way of capturing the "consciousness" — "essence", "personality", "soul", whatever you want to call it — of a person when they died. Prisoners who died before the end of their sentences were captured and continued to "live" in a virtual prison for the remainder of their term.
So to avoid oblivion I need to commit some heinous crimes to be sentenced to immortality.
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@PotatoEngineer said in A fool and his not-really-money are soon parted:
There was that recent bidding "war" that showed that a (particular) Bored Ape was only worth ~1% of its initial value.
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A fine example of a case where Agile might actually help a little
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@HardwareGeek said in A fool and his not-really-money are soon parted:
continued to "live" in a virtual prison for the remainder of their term.
When released, are they given their body back?
I'm not sure what the point would be.
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@error
:queen.mp3:
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@Tsaukpaetra the point is that the punishment is seen to be carried out, that “you will pay your due punishment and not even death will prevent you serving your full sentence”, on the theory that this would deter people from certain types of crime.
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@LaoC said in A fool and his not-really-money are soon parted:
@PotatoEngineer said in A fool and his not-really-money are soon parted:
"There was that recent bidding "war" that showed that a (particular) Bored Ape was only worth ~1% of its initial value."Inflation, eh? What can you do?
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@boomzilla said in A fool and his not-really-money are soon parted:
@LaoC said in A fool and his not-really-money are soon parted:
@PotatoEngineer said in A fool and his not-really-money are soon parted:
"There was that recent bidding "war" that showed that a (particular) Bored Ape was only worth ~1% of its initial value."Inflation, eh? What can you do?
HODL, they said. It's deflationary, they said.
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@Zecc said in A fool and his not-really-money are soon parted:
Another reason not to own a
smartTV
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Digital cobalt mines! Thanks, technology.
One such high roller, who goes by the name Big Chief, had "his team"—made up mainly of kids in the Philippines—collect building materials for a casino...
It wasn't just play, though. Big Chief said members of his play-to-earn guild were required to put in eight hours a day, the equivalent of a full-time job...
... earnings dropped, player counts fell off, and at this point the future of Critterz is uncertain at best.
Big Chief understandably bemoaned his loss—that is, the loss of his ability to do so much good for others.So much good!
:sarcmark:
Luckily, for him at least, people are coming up with fresh ideas for how citizens of the Third World can be put to productive use by wealthy Westerners. Mikhai Kossar of blockchain gaming consultant Wolves DAO(opens in new tab), for instance, suggested that they could be added to the background of videogames for the amusement of other, presumably wealthier players.
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@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
Digital cobalt mines! Thanks, technology.
One such high roller, who goes by the name Big Chief, had "his team"—made up mainly of kids in the Philippines—collect building materials for a casino...
It wasn't just play, though. Big Chief said members of his play-to-earn guild were required to put in eight hours a day, the equivalent of a full-time job...
... earnings dropped, player counts fell off, and at this point the future of Critterz is uncertain at best.
Big Chief understandably bemoaned his loss—that is, the loss of his ability to do so much good for others.So much good!
:sarcmark:
Luckily, for him at least, people are coming up with fresh ideas for how citizens of the Third World can be put to productive use by wealthy Westerners. Mikhai Kossar of blockchain gaming consultant Wolves DAO(opens in new tab), for instance, suggested that they could be added to the background of videogames for the amusement of other, presumably wealthier players.
Debout, les damnés de la terre
Debout, les forçats de la faim
La raison tonne en son cratère
C'est l'éruption de la fin
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@error said in A fool and his not-really-money are soon parted:
immortality
You ought to read some stories by Stanislaw Lem (polish that name up with some diacritics ). Somewhere he discusses the unbearable boringness of eternity.
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@BernieTheBernie said in A fool and his not-really-money are soon parted:
You ought to read some stories by Stanislaw Lem (polish that name up with some diacritics ). Somewhere he discusses the unbearable boringness of eternity.
In one of the stories from the Cyberiad cycle (sadly, not translated into English, to the best of my knowledge) it is established that pretty much as soon as the robot civilisation manages to achieve secular immortality, they realise that it's not at all what they thought it would be, so they make themselves mortal again (albeit, dying at a time of their choosing and capable of being revived if needed).
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@GOG Translations of his texts are complicated because he uses to many puns which are hard to translate from Polish (and never was my Polish good enough to read his texts in the original version).
The story I thought of was different. Someone invented some kind of crystal where he enclosed the soul of his dead wife, where that soul would exist eternally and immutably. And the narrator eventually takes a hammer to destroy the crystal.
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@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
productive use
@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
background of videogames
I think Inigo Montoya would like to have a word about words with these folks.
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@BernieTheBernie said in A fool and his not-really-money are soon parted:
The story I thought of was different. Someone invented some kind of crystal where he enclosed the soul of his dead wife, where that soul would exist eternally and immutably. And the narrator eventually takes a hammer to destroy the crystal.
Doesn't ring a bell, but I haven't read everything.
The topic of (near) omnipotence (and its unexpected and often unpalatable consequences) is something that does come up a lot in his work.
It strikes me that many modern-day tech enthusiasts (especially Singularitarians and transhumanists) would do well to read more Lem. Unfortunately, some of his best work in the area remains untranslated, so that's pretty much a no-go.
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@Applied-Mediocrity said in A fool and his not-really-money are soon parted:
Digital cobalt mines! Thanks, technology.
One such high roller, who goes by the name Big Chief, had "his team"—made up mainly of kids in the Philippines—collect building materials for a casino...
It wasn't just play, though. Big Chief said members of his play-to-earn guild were required to put in eight hours a day, the equivalent of a full-time job...
... earnings dropped, player counts fell off, and at this point the future of Critterz is uncertain at best.
Big Chief understandably bemoaned his loss—that is, the loss of his ability to do so much good for others.So much good!
:sarcmark:
Luckily, for him at least, people are coming up with fresh ideas for how citizens of the Third World can be put to productive use by wealthy Westerners. Mikhai Kossar of blockchain gaming consultant Wolves DAO(opens in new tab), for instance, suggested that they could be added to the background of videogames for the amusement of other, presumably wealthier players.
And then...someone will do a cowboy themed game and figure out how to replace those background people with AI!
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@ixvedeusi said in A fool and his not-really-money are soon parted:
I think Inigo Montoya would like to have a word about words with these folks.
As long as he uses the pointy end of his stick.
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@GOG said in A fool and his not-really-money are soon parted:
Unfortunately, some of his best work in the area remains untranslated, so that's pretty much a no-go.
Conrad's approach to penetrating the English market was much more successful
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@BernieTheBernie said in A fool and his not-really-money are soon parted:
the unbearable boringness of eternity.
It's actually alright. Fucking with lower sapients never gets old.