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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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    1. Pinboard‏ @Pinboard May 31

      The thing I really enjoy about non-fungible tokens (NFTs) and "smart contracts" more broadly is that there's no way to get them to point to information or objects outside the blockchain without introducing a trusted third party, the whole thing you set up a blockchain to avoid.

      25 replies 134 retweets 763 likes
      Show this thread
    2. Pinboard‏ @Pinboard May 31

      You might worry, for example, that smart contracts and programmable currency would legalize all gambling in a way governments couldn't regulate. But the only thing you could gamble on is other transactions on the blockchain. There's no way to find out the score of a soccer game

      7 replies 11 retweets 152 likes
      Show this thread
    3. Pinboard‏ @Pinboard May 31

      This mixture of solipsism, pointlessness, and being hermetically sealed off from information about the real world while also ruining it nicely mirrors the cryptocurrency culture itself. It's like those people who start to resemble their pets.

      5 replies 30 retweets 266 likes
      Show this thread
    4. Pinboard‏ @Pinboard May 31

      Major investors are all smart enough to understand this disqualifying flaw with smart contracts, but are pouring money into the exercise anyway, for the same reason that mobsters once poured money into an empty patch of Nevada desert. Unregulated gambling is lucrative as hell

      3 replies 16 retweets 162 likes
      Show this thread
    5. Pinboard‏ @Pinboard May 31

      The rest of us should remember that the existence of a thriving ecosystem around the purchase and sale of magic beans does not imply the existence of a beanstalk

      1 reply 42 retweets 278 likes
      Show this thread
    6. Pinboard‏ @Pinboard May 31

      For those still confused but ashamed to ask: NFTs are basically just like buying a special sword in World of Warcraft, except without the game and also without the sword

      10 replies 94 retweets 462 likes
      Show this thread
    7. Pinboard‏ @Pinboard May 31

      I hope whoever taught the kind of people who were flipping homes in 2007 about hash functions has their life savings on the blockchain

      3 replies 10 retweets 104 likes
      Show this thread
      Pinboard‏ @Pinboard May 31

      I think I'm angriest about NFTs because it's a kind of low-volume bookmarking that makes other people rich

      10:05 AM - 31 May 2021
      • 18 Retweets
      • 282 Likes
      • Matthew Capps APM Totally Sfw Bird Respector Nathaniel Reindl 🏳️‍⚧️🇵🇸 Woody Lawson Lennart JT Olio 🏳️‍🌈 defectivealtruist
      10 replies 18 retweets 282 likes
        1. your #1 source for absurdist true crime  🐍 👑  🌷‏ @davidgerard May 31
          Replying to @Pinboard @by_caballero

          the curse of having personal standards

          0 replies 0 retweets 4 likes
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        1. The American Caliban‏ @substitute May 31
          Replying to @Pinboard

          A+

          0 replies 0 retweets 2 likes
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        1. Coty Rosenblath‏ @Coty May 31
          Replying to @Pinboard

          I hadn’t considered this analogy, but I can see why you’d find it particularly galling.

          0 replies 0 retweets 0 likes
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        1. Jody Shenn‏ @JodyShenn May 31
          Replying to @Pinboard

          The alignment of conditions has left you really firing on all cylinders past few days, one of those truly wondrous things

          0 replies 0 retweets 0 likes
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        1. yolk‏ @yyolk May 31
          Replying to @Pinboard

          It's worse tho, because most (ETH) mints will default to ipfs which can't guarantee perpetual hosting and is unlikely to perpetuate anything unpopular.

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. skry‏ @skry May 31
          Replying to @Pinboard

          I'm angriest because NFT facilitators con artists and fans into contributing to climate crisis – the last thing most people would want to do. After that, I'm also mad about grifters selling NFTs that rip off the creators.

          1 reply 0 retweets 0 likes
        3. lhl‏ @lhl Jun 1
          Replying to @skry @Pinboard

          lhl Retweeted (vain) sirsu.eth  🥳

          NFTs are easy to hate on, but over the past months, the parts of my community that have gotten the most excited about it aren't techies, but artists, because unlike the last round of media/streaming platforms, they're actually trying to get them paidhttps://twitter.com/sirsuhayb/status/1399252759849979905 …

          lhl added,

          (vain) sirsu.eth  🥳 @sirsuhayb
          Ugh I got some thoughts but imma wait till it’s day time to compose them better. But I will say this: Media keeps saying NFTs caught on because of the promise of riches without adding the nuance of being in a pandemic riddled state in which creatives were losing their jobs.
          Show this thread
          1 reply 0 retweets 1 like
        4. Show replies
        1. Joe Mastey‏ @jmmastey May 31
          Replying to @Pinboard

          I smell an acquisition.

          0 replies 0 retweets 1 like
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        1. Ollie‏ @Borjaxk May 31
          Replying to @Pinboard

          With every crypto wallet address being traceable, large-scale laundering isn't possible. Even private blockchains like XMR are extremely small with regards to market cap. Let's say its entire cap is due to laundered money; 0.27% of the total crypto market would be laundered cash

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. Fergus Ryan‏Verified account @fryan Jun 1
          Replying to @Pinboard

          @readwiseio save thread

          1 reply 0 retweets 1 like
        3. Readwise‏ @readwiseio Jun 1
          Replying to @fryan

          First save! 🏆 Readwise users: Like this reply to save Pinboard's thread to your account without cluttering their replies 📚 Stats: • 20 total saves of Pinboard's threads (ranked #861)

          0 replies 0 retweets 1 like
        4. End of conversation

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