GDC7

24 ms·

181.
by GDC7 5y ago
> In other words, the replica might be 0.99999999999% similar, but people are apparently willing to pay millions for the remaining 0.00000000001% This is wrong. People (as in regular people) aren't willing to pay millions, they are
182.
by GDC7 5y ago
> Paintings are trivial to replicate The physical world simply cannot be replicated 1:1 . It can be 1:0,99999999999 but it cannot ever be 1:1 Also it very costly to replicate a painting, whereas saving a JPG is essentially free and can b
183.
by GDC7 5y ago
A painting is different than a picture, also the volume of copies matter. Say a museum has one original and 4 copies of a painting. That's 1:4. With JPG it can potentially be 1:∞ In other words you have to go to that particular museum
184.
by GDC7 5y ago
These guys were just too early. Transpose them into the future and switch industry from oil&gas to green tech and they'd be in the S&P500, worth not less than 1T dollars. Actually , on a second thought, I think they are.
185.
by GDC7 5y ago
> Taking a picture of the painting = right clicking Absolutely not. A pic won't ever provide you the same satisfaction as standing in front of a painting, that's an innate characteristic of paintings. Right clicking a JPG , sav
186.
by GDC7 5y ago
As always with every social phenomenon, it's all about the social hatred they can manage to gather among the population and throw at right-clickers.
187.
by GDC7 5y ago
> I mean technically speaking IP laws mean that the image is protected and improper use of it can be challenged Let's be real. AP, AFP, Reuters and Getty try to protect their images by charging for the full resolution pics . People
188.
by GDC7 5y ago
You technically can do it in the real world! It's called stealing the painting lol. When buying an NFT you are essentially betting that society would come around to equate "right-clicking" with stealing. And that would employ
189.
by GDC7 5y ago
The problem is that the mechanisms that regulate real art are clear. Take a painting. You have to stand in front of it to truly appreciate it. A pic won't do it. So the buyer of the painting has an exclusive asset which produces return
190.
by GDC7 5y ago
It seems to me lots of people who are buying NFTs were never that into graphic art in the first place, but they all of a sudden became graphic art aficionados because it's the only type of art that can be distributed via this NFT mecha
191.
by GDC7 5y ago
It's a social one. People who gravitate towards bitcoin are the Liberatian types, they are extremely scared of inflation, money printing, government overreach, they hate taxes, IRS, Customer due diligence laws, KYC etc. They think Bitc
192.
by GDC7 5y ago
> Yes, Tesla _may_ be an exception Tesla is not the exception, matter of fact it's the poster child of a world where the stock market going up becomes the goal pf both the elected and non-elected branches of the government and not a
193.
by GDC7 5y ago
Banks don't give a damn about you, if it was up to them they would let you do whatever , even paying for the stuff you could buy on the darknet. The huge problem is that they are subject to these things called laws and fines and govern
194.
by GDC7 5y ago
And there are 2 strains for it as well! Bitcoin is for those who blame and antagonize the government and the Fed, as well as the IRS. Ethereum is for those who blame and antagonize big platforms such as Facebook, Google, Youtube, but also J
195.
by GDC7 5y ago
> What you're not copying is a verifiable claim of spending unreasonable amount of ETH to have a record in blockchain pointing to that piece of media. POF? Proof-of-foolishness?
196.
by GDC7 5y ago
How can you enforce copyright law when I right click an NFT piece of art, then print it and hang it in my home? You can't. Besides, NFT enthusiasts have the illusion that the graphic art market is big. It's not. Just think about h
197.
by GDC7 5y ago
And how is the licence enforced? Is it recognized by the law? Can people sue those who fail to comply with it? You can do all the circular reasoning you want but at the end of the day everything is backed by violence and coercitive power. T
198.
by GDC7 5y ago
> There is more value in being the owner of the thing everyone has Everybody has a Yankees logo on hat or on a cup or a scarf somewhere. Small detail is that everybody who does has to pay royalties to the Yankees and as a consequene to Y
199.
by GDC7 5y ago
> NFTs are probably best thought of as a recapitulation of status goods into the digital world Status cannot be manufactured, it spurs naturally due to having rare things such as a big mansion, grammys, academy awards, winning the Super
200.
by GDC7 5y ago
It takes balls , arrogance and self-confidence to publish what Einstein published. Those are independent variables and affect the global population as a whole, not just theoretical physicists. All those factors are down bad globally, and sh
201.
by GDC7 5y ago
For you reality is only about the price of the stock. By the same token you'd have thought that Amazon was the best thing since sliced bread back in 1999 Then when it crashed 97% you'd have thought it was on its deathbed ready to
202.
by GDC7 5y ago
The best design I have seen in years is the Polestar 1. I wish they'd ditch the EV thing, put a 300hp motor in the front and find a price point around 40k. They'd sell a whole lot of them
203.
by GDC7 5y ago
> Again, that's not what a scam is and it has nothing to do with the 'end' of silicon valley. The free market has rules in place to punish fraudsters and promoters. But because tesla is seen as "green" all those
204.
by GDC7 5y ago
Market cap and the stock are tesla most successful products. 1.1T for a brand which represent 1/200th of the cars in the US. Globally they are something like 1/1000th . This is a scam.
205.
by GDC7 5y ago
> That's not a scam It's a scam. Tesla FSD/Autopilot or whatever they call it is the same thing as Theranos blood test. On top of that you have some other 10-15 avenues of crime, including the creative accounting , the con
206.
by GDC7 5y ago
> You said it was a scam and now instead of actually explaining that hyperbolic statement you are ignoring it and now saying "system risk" and throwing in irrelevant nonsense. It's your 101 financial scam where the CEO aim
207.
by GDC7 5y ago
Weinstein did good to not only formulate but to publish. At some point you got to throw caution into the bin and publish what you have to say. This person mentioned Einstein, but Einstein was just the byproduct of a time when people had the
208.
by GDC7 5y ago
> Scam? Tesla is manufacturing and delivering vehicles. Enron sold products and services as well. Matter of fact they posted a record 100B revenues, back in the 90s which is even more impressive because even a billion was a lot of money
209.
by GDC7 5y ago
Me thinks this is because eggs substitute for even more harmful stuff, not because eggs are particularly healthy for the heart. They are pure cholesterol after all, and if the sample is so big as the one in the paper you are bound to find p
210.
by GDC7 5y ago
> is worth 1.1 Trillion dollars That's the reason why it's a systemic risk. When the financial value of something and the real value diverge so much...people rage will mount when inevitably the financial value collapses back to

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