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ScottMadin's profile
Scott Madin
Scott Madin
Scott Madin
@ScottMadin

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Scott Madin

@ScottMadin

Cis, he/him, not interesting. Leftlib/Demsoc cusp, Socdem rising, moon in Ancom. Header: my buddy Alexander, best cat in the world, 3/02–10/16. 🏳️‍🌈👐🦷🩸⚾

more like GREATEST Boston
smadin.net
Joined December 2010

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    1. Scott Madin‏ @ScottMadin May 7

      Scott Madin Retweeted Rural Colorado United

      everything about this except the NFT part is good, please do not ever do anything with NFTs, there is nothing good about NFTshttps://twitter.com/RuralCOUnited/status/1389547512973910016 …

      Scott Madin added,

      Rural Colorado United @RuralCOUnited
      A few months ago, while doing some research into @LaurenBoebert's seven LLCs (which we suspect are used for both tax avoidance and money laundering), we noticed that she had failed to renew the rights to her logo for Shooters Grill at both the state and federal level. 1/ https://twitter.com/tobymorton/status/1389251795403300868 …
      Show this thread
      1 reply 3 retweets 6 likes
      Show this thread
    2. Scott Madin‏ @ScottMadin May 7

      first of all, NFTs are an attempt to do something no one should want in the first place (impose scarcity on digital goods to make the more closely resemble physical goods)

      1 reply 0 retweets 2 likes
      Show this thread
    3. Scott Madin‏ @ScottMadin May 7

      second of all, they do not and cannot actually accomplish that (bad) goal: if you buy an NFT "of" a JPEG or an MP3, you are theoretically the official "owner" of _that one copy,_ but there's no such thing as an "original", and all copies are perfect and indistinguishable.

      1 reply 0 retweets 1 like
      Show this thread
    4. Scott Madin‏ @ScottMadin May 7

      so they're an inherently doomed attempt to do a bad thing, but third and most importantly, because this is all done with blockchain tech, they're an ecological disaster.

      1 reply 0 retweets 1 like
      Show this thread
    5. Scott Madin‏ @ScottMadin May 7

      I'm sure @/Theophite is tired of being tagged into bitcoin discourse, but to paraphrase him, nfts are like idling a fleet of semis 24/7 to make solved sudokus you can speculatively invest into nominal ownership of one copy of a file whose marginal reproduction cost is zero.

      1 reply 0 retweets 2 likes
      Show this thread
      Scott Madin‏ @ScottMadin May 7

      you have no real ownership rights because your NFT receipt only pertains to one copy of the jpeg, and nothing either technologically or legally prevents anyone else from making unlimited (completely perfect, indistinguishable) copies of it too.

      11:08 AM - 7 May 2021
      • 1 Like
      • That's right, it's the square hole!
      1 reply 0 retweets 1 like
        1. New conversation
        1. Scott Madin‏ @ScottMadin May 7

          everything about it makes me completely bonkers

          1 reply 0 retweets 1 like
          Show this thread
        2. Scott Madin‏ @ScottMadin May 7

          don't "mint", buy, or sell NFTs. explain to your friends why they shouldn't. don't support people who do. all of this goes for cryptocurrencies in general, too.

          0 replies 0 retweets 1 like
          Show this thread
          3. End of conversation

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