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> You'll also need to register the work you want to protect with a copyright office, and, if you're not the author of the work, you'll need documentation showin

by er4hn 5y ago

> You'll also need to register the work you want to protect with a copyright office, and, if you're not the author of the work, you'll need documentation showing that you purchased the work or specific rights to it. Don't skip this step - you'll be digitally signing a declaration of ownership under penalty of perjury, so if you don't actually own the work in question, that could be embarrassing for you. Antiquated institutions ruled by written laws that require other certified humans to interpret? In my blockchain?! Can you really say that NFTs are open to all/private/democratic unless the laws are all written in conjunctive normal form via Solidity? (the above is mostly satire. But this project is an amusing take on avoiding double-spending)

deleted 5y ago
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EGreg 5y ago
Basically, the crypto industry painted itself into a corner due to greed: 1) Bitcoin adopted Blockchain to solve the double-spend problem, the most brute-force approach to solve it, which doesn’t scale to make a “peer to peer cash system” 2) Around 2013 the narrative changed to a “store of value” and some drunk guy’s misspelling of HOLD became a rallying cry 3) Ethereum and others continued to use blockchains with balances instead of UTXOs, which is even less scalable (https://iohk.io/en/blog/posts/2021/09/10/concurrency-and-all-that-cardano-smart-contracts-and-the-eutxo-model/ https://iohk.io/en/blog/posts/2021/09/10/concurrency-and-all...). 4) And now the technology is entirely unnecessary for NFTs, the industry should have started with NFTs and worked backwards to implement currency Ok this is getting long… see https://intercoin.org/presentation.pdf https://intercoin.org/presentation.pdf for what needs to happen for crypto to get past “number go up” speculation and power real adoption. Counterpoints welcome.
- rideontime 5y ago
  The same presentation, in video form: https://www.youtube.com/watch?v=YAKOWcs8w54 https://www.youtube.com/watch?v=YAKOWcs8w54
- smokey_circles 5y ago
  I'm not convinced crypto has failed to be a value store or an effective means of currency and these "arguments" don't really talk about the meat of the problems crypto faces. 1. Regulation is pretty much the defining factor in cryptos status as a "real" currency. It's never going to be legal tender without legislation. 2. The idea that the value of a dollar is intrinsic or demonstrable is hilarious. The gold standard is long gone and the petrodollar is a doomed idea that fluctuates wildly. Economics is neither predictable nor rationale, because humans are not. See: gamestop. 3. The amazing derison on the subject. Only America could develop such a polarizing narrative about something fairly mundane. 4. I work in fintech in a part of the world that's still developing. The banks should be scared of crypto and banks such as Monzo. The key quality here is ability to react to a market. Crypto is not as quick as cash but it's MUCH faster than inter-bank transfers (st least this side of the world).

by er4hn 5y ago

deleted 5y ago

[deleted]

EGreg 5y ago

Basically, the crypto industry painted itself into a corner due to greed: 1) Bitcoin adopted Blockchain to solve the double-spend problem, the most brute-force approach to solve it, which doesn’t scale to make a “peer to peer cash system” 2) Around 2013 the narrative changed to a “store of value” and some drunk guy’s misspelling of HOLD became a rallying cry 3) Ethereum and others continued to use blockchains with balances instead of UTXOs, which is even less scalable (https://iohk.io/en/blog/posts/2021/09/10/concurrency-and-all-that-cardano-smart-contracts-and-the-eutxo-model/ https://iohk.io/en/blog/posts/2021/09/10/concurrency-and-all...). 4) And now the technology is entirely unnecessary for NFTs, the industry should have started with NFTs and worked backwards to implement currency Ok this is getting long… see https://intercoin.org/presentation.pdf https://intercoin.org/presentation.pdf for what needs to happen for crypto to get past “number go up” speculation and power real adoption. Counterpoints welcome.

rideontime 5y ago
The same presentation, in video form: https://www.youtube.com/watch?v=YAKOWcs8w54 https://www.youtube.com/watch?v=YAKOWcs8w54
smokey_circles 5y ago
I'm not convinced crypto has failed to be a value store or an effective means of currency and these "arguments" don't really talk about the meat of the problems crypto faces. 1. Regulation is pretty much the defining factor in cryptos status as a "real" currency. It's never going to be legal tender without legislation. 2. The idea that the value of a dollar is intrinsic or demonstrable is hilarious. The gold standard is long gone and the petrodollar is a doomed idea that fluctuates wildly. Economics is neither predictable nor rationale, because humans are not. See: gamestop. 3. The amazing derison on the subject. Only America could develop such a polarizing narrative about something fairly mundane. 4. I work in fintech in a part of the world that's still developing. The banks should be scared of crypto and banks such as Monzo. The key quality here is ability to react to a market. Crypto is not as quick as cash but it's MUCH faster than inter-bank transfers (st least this side of the world).