Nobody Cares: the Non-Fungible Thread

Argent Stonecutter · May 9, 2022

That's because it's not money.

Bartholomew Gallacher · May 9, 2022

Noodles said:
Yeah but with Blockchain we can move away from a centralized system that benefits rich bankers and to a decentralized system that benefits rich assholes with a majority stake in whatever particular chain!

Well that's the libertarian dream and promise for many people. Reality is different, though: Bitcoin is pretty much centralized nowadays. Turns out that even in such a system which was designed to work without central money storage entities, so banks, people are creating them by themselves. It's just that they've got different names, bitcoin exchanges.

And quite often when coins are stolen at these exchanges it's pretty much desastrous for the people who had their coins there.

Casey Pelous · May 9, 2022

Beebo Brink said:
Dakota Tebaldi - You have a flair for describing and explaining a very complicated topic so that I can actually understand what is going on. I really look forward to your posts because I know I'm going to learn something instead of being mystified by some event in the cryptocurrency/NFT arena. Thank you!

Dakota Tebaldi I've said before you should be teaching, an idea you didn't think much of, but there's also a market for writing the way you write about technical stuff. You could freelance for some of the tech or science oriented web sites (small money but short articles and sure money) or self-publish Kindle books on Amazon - more work/time, but potentially (sneaky word ...) better money. I imagine the sites get perpetual rights to your stuff, so you probably couldn't go with what is becoming a very common path, which is anthologizing your web pieces in print/Kindle, but it is worth keeping in the back of your mind.

You have the start of a dandy little Kindle "expanded pamphlet" in the write-up on NFT's. There's no charge to publish it, and the royalties (70%!) go straight to your bank account -- no muss, no fuss. The NFT topic will be a "quick hit" deal -- it will only sell while the topic is hot, which I predict will not be more than a couple of years. Some of your science related stuff would be more evergreen -- what the book industry calls "catalog" items. Slow but steady sales.

The first one is the hardest as you work out the mechanics of formatting, what software to use to make the book, getting a cover, etc. After that, it gets a lot easier. I'd be happy to share some of the how-to's if you want -- I have several titles that send me a very nice little payment every month.

You're writing the stuff anyway -- might as well get paid for it!

Beebo Brink · May 9, 2022

Casey Pelous said:
Dakota Tebaldi I've said before you should be teaching, an idea you didn't think much of, but there's also a market for writing the way you write about technical stuff.

Brilliant! Such good advice!

Dakota Tebaldi - As someone who has published and conducted writing classes, I do not hand out praise for writing carelessly, only if it is well deserved. Your writing is indeed publishable quality -- clear, precise and interesting. More than once you've caught me up with some topic (like auto maintenance) that I could swear I did not care one whit about, and yet there I was reading it avidly.

bubblesort · May 10, 2022

Magic beans are awesome! You don't need Tomb Raider, or Deus Ex, or Thief, or Hitman, when you have magic beans!

Dakota Tebaldi · May 10, 2022

Casey Pelous said:
You're writing the stuff anyway -- might as well get paid for it!

I'm not 100% sold but you've certainly given me something to think about, so thanks for that.

Dakota Tebaldi · May 10, 2022

This NFT project is coding a price-floor into its token that the project leader says will never let the NFT trade for lower than its initial price, claiming this means the buyers can have confidence that their investment will never lose value. What it actually means in practice is that if the NFT loses any value, it functionally loses absolutely all of its value.

Noodles · May 10, 2022

The more I think about that price floor concept the stupider it feels.

bubblesort · May 10, 2022

Dakota Tebaldi said:
This NFT project is coding a price-floor into its token that the project leader says will never let the NFT trade for lower than its initial price, claiming this means the buyers can have confidence that their investment will never lose value. What it actually means in practice is that if the NFT loses any value, it functionally loses absolutely all of its value.

LOL, that reminds me of when Mugabe tried to literally outlaw inflation in Zimbabwe, back in 2007. Literally, he would send goons to arrest you and throw you in jail if you increased prices or wages. It was an economic disaster. Before, you had goods that people could not afford to buy. With draconian price controls, he created extreme shortages, so there were no goods to buy. The only way out for them was to allow people to use foreign currencies.

Argent Stonecutter · May 10, 2022

Noodles said:
The more I think about that price floor concept the stupider it feels.

There's no stupidity floor with NFTs.

Kamilah Hauptmann · May 10, 2022

"Uh, that's also how they're supposed to work" says techbro as NFT market drops 92%

SILICON VALLEY - Amid reports that NFT sales have plummeted 92% since September, the techbro who has struggled to explain what NFTs even are is also assuring you that “the drop is also definitely part of it”.

www.thebeaverton.com

Dakota Tebaldi · May 10, 2022

Heh.

GoblinCampFollower · May 10, 2022

Kamilah Hauptmann said:
"Uh, that's also how they're supposed to work" says techbro as NFT market drops 92%

SILICON VALLEY - Amid reports that NFT sales have plummeted 92% since September, the techbro who has struggled to explain what NFTs even are is also assuring you that “the drop is also definitely part of it”.

www.thebeaverton.com

LOL... But I got to say, I think most "techbro" stereotypes aren't true of actual tech people... just bro's in general. Most of the people I know who really lost their shirts in crypto were military.

Noodles · May 11, 2022

On the Coinbase bankruptcy language, I will just mention the one smart thing I have seen said by Crypto Bros.

"If you don't hold the keys, its not your crypto."

Reguardless of Crypto being good or useful or not, that is definitely true, given the nature of how it all works.