Tagged “crypto”

wild story.

More crypto bullshit from people trying to sell something that they have heavily invested in.

For such an intelligent and successful firm, they really seem to be struggling with the basic task of presenting logically-coherent evidence to support their claims.

This was where it lost me:

But at the most simple level, NFTs have given me, for the first time, a visceral understanding of the most basic innovation of crypto: What it means to digitally own a unique digital object.

Maintain a music collection long enough and you'll own some pretty unique digital assets.

Interesting explanations of some normal aspects of estate handling and ownership (especially partial, or having interests in).

"The idea that decentralization of infrastructure equals decentralization of power is a trap

I don't know what to make of this insanity

This is still an all-too-common occurence

HN thread. I still do not understand the benefit of this

I too have a lot of issues with this. What if your file moves? What if the file is fake? What if URLs change? What if servers shut down? Startups shut down or disappear all the time. And even if they don't people don't tend to do backwards compatibility anymore. This is a whole new and expensive consequence to link rot.

Short version:

The NFT token you bought either points to a URL on the internet, or an IPFS hash. In most circumstances it references an IPFS gateway on the internet run by the startup you bought the NFT from.

Oh, and that URL is not the media. That URL is a JSON metadata file

I still have no idea what is going on with all this.

What’s interesting is that Beeple, the creator of the artwork, is actually a business partner of Metakovan’s. He owns 2% of all the B20 tokens. I’m sure there is no conflict of interest here

Currently at $3.7M