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BEWARE of fake EEVblog NFT's

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Nominal Animal:

--- Quote from: not1xor1 on January 20, 2022, 08:29:53 am ---That's what is wrong. People who are obsessed by ownership.
--- End quote ---
No.

Remember that 'ownership' is about control among humans.  When you own a copy, nobody can legally take that copy away from you.
If you are subscribed to a service, you can only access whatever is provided by that service.  As a renter, access is controlled by the owner, regardless of whether you are willing to pay for it.  That is a serious difference indeed, even though many consider it equivalent to ownership.

You still don't 'own' the original song/movie/whatever, of course; the above only applies to the copy only, and not to the intellectual rights or copyrights associated with it.

I fully expect the term 'own' or 'ownership' to split into its different variants in various languages, since that is what our cultures need, within a few generations.  For now, we just have to deal with the mess of having one term describe many different things.

eti:

--- Quote from: pardo-bsso on January 19, 2022, 05:09:19 pm ---
--- Quote from: EEVblog on January 19, 2022, 03:27:08 am ---FYI, the NFT has been removed.

--- End quote ---

Many of us reported it.

It's interesting that for being a decentralized network one big player has still control over what that "creator made".

(on a tangent, I saw the B52s live and doubt that any of my peers would like to know or understand it)

--- End quote ---

“Love shack, baby looooove shack!” 😃🎵🎶🎼

Reminds me of listening to Seal, Adamski and Björk, those days.

ROT:
The worst part of this NFT hype is the fact that even the people who thinks what NFTs are, are completely wrong.
The "Non Fungible Token" of the NFT is just a code, a number, when you buy an NFT you buy a custom slot in a database, it has nothing to do with the picture or GIF associated with it.

You do not own the picture, you do not own any rights, the picture can be reproduced as many times as some wants.
What you buy is just a piece of code what happens to have a picture attached to it, because of course it makes it a lot more appealing than "hey, buy this random number in my random database".

If anyone is more interested in how this scam works, I recommend the video made by youtuber JoshStrifeHays on this topic.

Nominal Animal:
I have been waiting for a while now for a crypto ledger covering the entire world.  For a small nominal sum, you get to own a non-fungible token referring to a region on this planet.  Want to own the token corresponding to the acre of land at the center of Manhattan?  No problem!

Just like NFT's, the ownership of the token has nothing to do with the thing the token refers to.  You own the reference in the ledger only.

It is beautiful in its own way, really.  Like the ramblings of insane psychotic people talking about the nostril people who use your nose hair to weave bridges in your dreams, unless you pick your nose too often, in which case they steal your fingernails and build castles and shields out of them to attack the back of your eyeballs and do war with your eyebrow mites.

I'm especially waiting for exclusive ledgers, like ledgers for Swedes only for owning tokens referring to land in Finland.  You know, for historical reasons.  Or for Brits only for owning tokens referring to land in Australia.  You get the drift, I'm sure.  The monetization opportunities are endless!

nctnico:

--- Quote from: not1xor1 on January 20, 2022, 08:22:39 am ---science magazines and web sites have been writing about that subject since years.
You might be surprised by the fact that there are lot of things you ignore (or I do ignore as well) but are anyway real  ::)
Just google for «environmental impact of cryptocurrencies»

--- End quote ---
There are two seperate things here:
1) energy wasted due to mining cryptocurrencies which is just insane (*).

2) energy wasted due to inefficient distributed ledgers (block chain). That is a problem that needs to be solved because distributed ledger is a useful technology. Actually, a specification for bidirectional EV - grid charging (https://www.smart-energy.com/industry-sectors/new-technology/first-blockchain-based-ev-grid-integration-standard-released/) is using distributed ledger technology to make the system more robust and increase availability.

* Today there was an article in the news that someone in the NL had a 600A mains cable (likely 3 phase / 3x 400V) installed to supply their home. The article says it is for mining Bitcoins but I don't see how that can be made profitable. For reference: a typical home in the NL has a mains connection like 40A / 230V or 3x 25A / 400V.


--- Quote from: Nominal Animal on January 20, 2022, 09:23:20 am ---I fully expect the term 'own' or 'ownership' to split into its different variants in various languages, since that is what our cultures need, within a few generations.  For now, we just have to deal with the mess of having one term describe many different things.

--- End quote ---
IMHO people need to wrap their head around the fact that you can own something that doesn't physically exist. Think about something simple like the money in your bank account. That is a number stored in a database in a slot with your name on it. Technically you don't even own that database but you rent a slot in it.

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