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The point of BAYC was the community. So others could copy your image but that wouldn't provide them with access to the community. It's a single-factor login to

The point of BAYC was the community. So others could copy your image but that wouldn't provide them with access to the community. It's a single-factor login token to a private web forum, which is non-revokable by the client (but AFAICT is revokable by the hosting platform). So sort of the worst all worlds in terms of authentication technology.

Animats 4y ago
And to private parties. ApeFest just started in NYC a few minutes ago. If you own a BAYC or MAYC NFT, you get to go to a rave in Manhattan today. Food and drink included.
- ALittleLight 4y ago
  I'm imagining this as the opening scene of Blade but instead of one guy getting attacked by vampires it's a club full of gullible people getting scammed by con artists. "You must be THIS rich and gullible to attend."
- School-Cotton 4y ago
  You can go to raves in nyc without owning NFTs too.
  - randomhodler84 4y ago
    Generally better ones with better demographic distribution too. But the NFT as a ticket thing is valid, even if I would not attend such a rave myself.
    - School-Cotton 4y ago
      > But the NFT as a ticket thing is valid No it isn’t. That’s exactly my point. There is no real problem being solved here, because clearly, events (even illegal ones!) that required tickets for admission have worked fine for ages without NFTs. This is the problem with most proposed blockchain applications: they have no mechanism to compel behavior in the physical world. Someone controls access to this rave; at the end of the day, the only reason that they accept blockchain tokens instead of entries in a centralized database is because they’ve decided to arbitrarily. You could totally feasibly create a private club whose members you track yourself in a spreadsheet (allowing them to sell their membership to other people, or not, as you prefer). Someone else, or more likely yourself, could then decide to give your members access to private parties, and everything would work the same way. The only thing NFTs give you is irrevocability of the initially stated membership rules: with my example of a private club tracked in a spreadsheet, you could choose to change the rules at any time (say, charging a fee for anyone who wants to transfer ownership). You couldn’t for NFTs. But this advantage of NFTs is somewhat illusory because, again, whoever controls access to benefits in the physical world can themselves change the rules at any time, and so you haven’t really changed the number of parties you have to trust. Whatever organization is running these raves might decide tomorrow that you need a Super Duper Bored Ape that costs extra or has different transferability characteristics, and you’re back where you started.
      - randomhodler84 4y ago
        You are missing some of the functionality you say you can’t do. You can. You missing permanence and open marketplaces aspects of it. I don’t own or think BAYC is a great thing, but as a membership token to some club it’s as good as a Costco card. and then someone did raves for Costco members.
        danaris 4y ago
        If someone wanted to make a "Rave Club" and sell lifetime memberships, they'd be trivially able to do so without involving a blockchain of any kind.
        randomhodler84 4y ago
        In such a way that records would be preserved past the dissolving of the original issuer? In a way that doesn’t touch the existing financial system? In a way that permits trust less exchange of memberships? Of course anything can be done without a blockchain, but it has trade offs. Not understanding the trade offs will drive you towards centralized solutions.
        danaris 4y ago
        Why would Rave Club care if the Rave Club membership data doesn't survive past the dissolution of Rave Club? This seems very much like the argument that, say, Blizzard would build support for NFT-based items into WoW so that people could buy NFTs outside of WoW and transfer them into the game (or buy them inside of WoW and still be able to use them elsewhere even if they quit playing WoW). Sure, it might have some value for the customers, but there's negative incentive for the actual companies to do it.
        nradov 4y ago
        Everyone here understands the trade offs. There is zero benefit to a blockchain for this use case.
dubswithus 4y ago
I thought the point was spreading Nazi propaganda. https://www.youtube.com/watch?v=XpH3O6mnZvw https://www.youtube.com/watch?v=XpH3O6mnZvw
- InefficientRed 4y ago
  IME loudly reactionary types are over-represented in most pay-lots-to-enter social spaces (country clubs, common spaces in gated communities, that sort of thing). Or maybe it's just the flowing alcohol.
- Dma54rhs 4y ago
  Most of this "documentary" is pure q-tier schizophrenia, not that I care about ape ponzy club to begin with.
  - dubswithus 4y ago
    Does your hatred of crypto prevent you from criticizing nazis?
duskwuff 4y ago
To a reasonable approximation, no one actually cares about "access to the BAYC community". I'm sure they made some grandiose promises about it at some point, but the primary feature of their NFT is as a social symbol. I'm not convinced there even is a "community" there to access -- realistically, it's just a customer list.
- InefficientRed 4y ago
  I have no idea. > realistically, it's just a customer list. I'd pay decent money to never interact with a BAYC owner. So there might be a market for this list. TBF to BAYC holders, there are benefits to being on a "promising suckers" list. In this case the price seems high for those benefits, ofc.
nradov 4y ago
Why would I want to be part of a "community" composed solely of people stupid enough to pay money for low-effort cartoon monkey drawings? I would actually pay to keep losers like that away from me.

Animats 4y ago

And to private parties. ApeFest just started in NYC a few minutes ago. If you own a BAYC or MAYC NFT, you get to go to a rave in Manhattan today. Food and drink included.

ALittleLight 4y ago
I'm imagining this as the opening scene of Blade but instead of one guy getting attacked by vampires it's a club full of gullible people getting scammed by con artists. "You must be THIS rich and gullible to attend."
School-Cotton 4y ago
You can go to raves in nyc without owning NFTs too.
- randomhodler84 4y ago
  Generally better ones with better demographic distribution too. But the NFT as a ticket thing is valid, even if I would not attend such a rave myself.
  - School-Cotton 4y ago
    > But the NFT as a ticket thing is valid No it isn’t. That’s exactly my point. There is no real problem being solved here, because clearly, events (even illegal ones!) that required tickets for admission have worked fine for ages without NFTs. This is the problem with most proposed blockchain applications: they have no mechanism to compel behavior in the physical world. Someone controls access to this rave; at the end of the day, the only reason that they accept blockchain tokens instead of entries in a centralized database is because they’ve decided to arbitrarily. You could totally feasibly create a private club whose members you track yourself in a spreadsheet (allowing them to sell their membership to other people, or not, as you prefer). Someone else, or more likely yourself, could then decide to give your members access to private parties, and everything would work the same way. The only thing NFTs give you is irrevocability of the initially stated membership rules: with my example of a private club tracked in a spreadsheet, you could choose to change the rules at any time (say, charging a fee for anyone who wants to transfer ownership). You couldn’t for NFTs. But this advantage of NFTs is somewhat illusory because, again, whoever controls access to benefits in the physical world can themselves change the rules at any time, and so you haven’t really changed the number of parties you have to trust. Whatever organization is running these raves might decide tomorrow that you need a Super Duper Bored Ape that costs extra or has different transferability characteristics, and you’re back where you started.
    - randomhodler84 4y ago
      You are missing some of the functionality you say you can’t do. You can. You missing permanence and open marketplaces aspects of it. I don’t own or think BAYC is a great thing, but as a membership token to some club it’s as good as a Costco card. and then someone did raves for Costco members.
      - danaris 4y ago
        If someone wanted to make a "Rave Club" and sell lifetime memberships, they'd be trivially able to do so without involving a blockchain of any kind.
        randomhodler84 4y ago
        In such a way that records would be preserved past the dissolving of the original issuer? In a way that doesn’t touch the existing financial system? In a way that permits trust less exchange of memberships? Of course anything can be done without a blockchain, but it has trade offs. Not understanding the trade offs will drive you towards centralized solutions.
        danaris 4y ago
        Why would Rave Club care if the Rave Club membership data doesn't survive past the dissolution of Rave Club? This seems very much like the argument that, say, Blizzard would build support for NFT-based items into WoW so that people could buy NFTs outside of WoW and transfer them into the game (or buy them inside of WoW and still be able to use them elsewhere even if they quit playing WoW). Sure, it might have some value for the customers, but there's negative incentive for the actual companies to do it.
        nradov 4y ago
        Everyone here understands the trade offs. There is zero benefit to a blockchain for this use case.

dubswithus 4y ago

I thought the point was spreading Nazi propaganda. https://www.youtube.com/watch?v=XpH3O6mnZvw https://www.youtube.com/watch?v=XpH3O6mnZvw

InefficientRed 4y ago
IME loudly reactionary types are over-represented in most pay-lots-to-enter social spaces (country clubs, common spaces in gated communities, that sort of thing). Or maybe it's just the flowing alcohol.
Dma54rhs 4y ago
Most of this "documentary" is pure q-tier schizophrenia, not that I care about ape ponzy club to begin with.
- dubswithus 4y ago
  Does your hatred of crypto prevent you from criticizing nazis?

duskwuff 4y ago

To a reasonable approximation, no one actually cares about "access to the BAYC community". I'm sure they made some grandiose promises about it at some point, but the primary feature of their NFT is as a social symbol. I'm not convinced there even is a "community" there to access -- realistically, it's just a customer list.

InefficientRed 4y ago
I have no idea. > realistically, it's just a customer list. I'd pay decent money to never interact with a BAYC owner. So there might be a market for this list. TBF to BAYC holders, there are benefits to being on a "promising suckers" list. In this case the price seems high for those benefits, ofc.

nradov 4y ago

Why would I want to be part of a "community" composed solely of people stupid enough to pay money for low-effort cartoon monkey drawings? I would actually pay to keep losers like that away from me.