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Pinboard

@Pinboard

The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
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Joined July 2009

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    1. Pinboard‏ @Pinboard May 26

      GameStop stock (which is soaring again because YOLO) really is the next generation of cryptocurrency. No cumbersome blockchain, no transaction fees, tight regulation and convenient token (tradable on the stock exchange!) put it ahead of all competitors.pic.twitter.com/YyHxieO51r

      14 replies 97 retweets 624 likes
      Show this thread
    2. Conchobhar Mac Aoidh‏ @McGeeConor May 26
      Replying to @Pinboard

      You're gonna love this:https://www.theblockcrypto.com/linked/106071/gaming-retailer-gamestop-is-building-an-nft-platform-on-ethereum …

      1 reply 1 retweet 6 likes
    3. Matt Moehr‏ @mattmoehr May 26
      Replying to @McGeeConor @Pinboard

      Aren't gamers famous for spending real money so their avatars can have prettier clothes and better gear? That's basically an NFT if I understand correctly.

      2 replies 1 retweet 8 likes
    4. Chris Vermilion‏ @ChrisVermilion May 26
      Replying to @mattmoehr @McGeeConor @Pinboard

      Yeah, NFTs are like that but you get a link to a description of the item and there isn’t a game

      2 replies 0 retweets 0 likes
    5. Matt Moehr‏ @mattmoehr May 26
      Replying to @ChrisVermilion @McGeeConor @Pinboard

      I think OP's point is that NFTs are a game unto themselves. Namely a game of chance, ie gambling. I agree. My secondary point is that NFTs can't be more silly than buying a shimmery cape on WoW or whatever.

      2 replies 0 retweets 0 likes
    6. Pinboard‏ @Pinboard May 26
      Replying to @mattmoehr @ChrisVermilion @McGeeConor

      NFTs are definitely more silly than the cape because unlike an in-game item, there is no clear issuer or custodian of the token. There can be as many of these as you have blockchains, and often the token is a random hyperlink to some website out of the issuer's control.

      1 reply 0 retweets 3 likes
      Pinboard‏ @Pinboard May 26
      Replying to @Pinboard @mattmoehr and

      Whereas if I buy the Gold Cloak With Plutonium Ruffles it sits on a Blizzard server and is available to me in game and I know as long as Blizzard lasts I can keep it and no one else can have one, etc.

      2:56 PM - 26 May 2021
      • 2 Likes
      • Impulse Chris Vermilion
      1 reply 0 retweets 2 likes
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        2. Chris Vermilion‏ @ChrisVermilion May 26
          Replying to @Pinboard @mattmoehr @McGeeConor

          Right, for excludability your digital good has to be tied to some single point of control and if you already have that there’s no benefit to an NFT. It’s like buying a certificate that you were the first person to download “Enter Sandman” on Napster.

          1 reply 0 retweets 0 likes
        3. Pinboard‏ @Pinboard May 26
          Replying to @ChrisVermilion @mattmoehr @McGeeConor

          And it's even worse than this because there's no way to tie the token to the referent. "Enter Sandman" at least is going to keep existing. The thing the NFT points to may link rot, or maybe you demonstratively burned it when you created the token.

          1 reply 0 retweets 1 like
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