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Joined 2 years ago
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Cake day: November 15th, 2023

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  • It’s difficult… We’re not very good at determining what is right and then enforcing it, so we have this weird hybrid system of semi-freedom with some exceptions, and sometimes the utility is responsible and sometimes the user and sometimes it’s free speech or protected art and sometimes it’s not protected speech and it’s not protected art.

    Sometimes I think we should encode lessons we’ve learned as evil because they are clearly evil and bad for society, and to ban/prosecute them, but then I look at our world and you realize we can’t be trusted to encode the right things or properly follow through.










  • I mean, I definitely agree on this specific use-case that it’s problematic. I think some aspects can be resolved with smart contracts or multi-signature requirements, but it really fails here when it comes to compulsion.

    If a court cannot compel someone to transfer, because the court doesn’t have the keys… Or you lose the keys and cannot… Obviously this falls apart.

    There is a reason people deride nfts, mostly it’s due to ignorance and spectacle lemming behavior surrounding the ape pictures, but the legitimate criticism is really there aren’t many use-cases. But we don’t and shouldn’t wait to build things until a use-case exists. Nfts could be important eventually for preventing things like naked shorts maybe. There are likely very valuable use-cases.







  • Ya’ll are fucking stupid. There is no fall of nfts and they aren’t useless. If there is an authority who recognizes the nft, then it has the utility value of the authority. End of story. It doesn’t matter if some people traded them for outrageous amounts of money and it has nothing to do with the ability to copy a picture. All it does is tie a digital item to a hash to an owner on a ledger, for purposes of authentication. If a hash of a monkey picture gets you on a yacht, then if you don’t have one you aren’t getting on that yacht. In the future, if the nft of your house deed isn’t in your wallet, then if a judge looking at a specific ledger says you don’t own your house, you don’t own it.