Jump to content

NFTs for music / auction music to the highest bidder via crypto tech


auxien
 Share

Recommended Posts

1 hour ago, acid1 said:

[..] I wish there was a coin we could hook up to [email protected] and use crypto to actually solve cancer or covid19.

you can do this with theta edge node
https://medium.com/theta-network/theta-network-introduces-edge-compute-aiding-folding-homes-fight-against-covid-19-and-other-aac8742aeb12

https://www.thetatoken.org/

Link to comment
Share on other sites

1 hour ago, acid1 said:

I'm disappointed in the mining process by only the means that it feels like lazy pointless engineering to me. I am more impressed with the way cardano solved it via ouroboros. I wish there was a coin we could hook up to [email protected] and use crypto to actually solve cancer or covid19.

 

this type of stuff sounds nice in theory but in practice is meaningless.  if you are aware of the distribution of computing power you would see that most of the truly high powered machines are being used for corporate capital building.  the better solution is to skip this nonsense where low-efficiency consumer machines are used for small amounts of computation, and instead seize the means of computing and forcing them to instead perform useful computation, not useless revenue driven click optimization

Link to comment
Share on other sites

7 hours ago, zero said:

CNN is what it is when it comes to politics, but I found this article very easy to understand, for anyone else still asking wtf this is all about:

 

https://www.cnn.com/2021/03/14/tech/nft-art-buying/?iid=ob_lockedrail_longstory_pool


That article got most of it right except for the part about an NFT being a way to purchase digital art. It’s not the art you pay for. It’s the actual transaction that people are placing value on. It’s set up in a way that the right to conduct a specific transaction is sold and the act of being able to make the transaction is immutable.

 

The analog world equivalent would be a room of people bidding for the right to place their name in a book with a record of the date, time, amount, and the counter party they paid for the right to sign the book. They hand over the money, sign it, write the time, amount, and the counter party signs that they agree to forfeit their claim to the transaction. The record of the transaction is now owned by that bidder. Anyone in the world can now look at the permanent ledger and see that specific transaction actually took place and the record will never change.

 

The person who owns the record of that contract may wish to sell it in the future. The record of that contract can be constructed in a way that each resale pays the originator of the record a royalty. There are other spins on it but that’s the gist.

 

It is being pitched as a way for an artist to show the provenance of their work. They create the opportunity to conduct a scare number of specific transactions and say that those transactions represent some notion of originality. It’s all about perception. If everyone agrees that the trade of opportunities to conduct transactions in an immutable ledger is valuable and represents the things they are supposed to symbolize, then it does.

  • Thanks 1
  • Farnsworth 1
Link to comment
Share on other sites

6 hours ago, cyanobacteria said:

 

this type of stuff sounds nice in theory but in practice is meaningless.  if you are aware of the distribution of computing power you would see that most of the truly high powered machines are being used for corporate capital building.  the better solution is to skip this nonsense where low-efficiency consumer machines are used for small amounts of computation, and instead seize the means of computing and forcing them to instead perform useful computation, not useless revenue driven click optimization

 

you have no idea what you're talking about.

Link to comment
Share on other sites

40 minutes ago, hijexx said:


That article got most of it right except for the part about an NFT being a way to purchase digital art. It’s not the art you pay for. It’s the actual transaction that people are placing value on. It’s set up in a way that the right to conduct a specific transaction is sold and the act of being able to make the transaction is immutable.

 

The analog world equivalent would be a room of people bidding for the right to place their name in a book with a record of the date, time, amount, and the counter party they paid for the right to sign the book. They hand over the money, sign it, write the time, amount, and the counter party signs that they agree to forfeit their claim to the transaction. The record of the transaction is now owned by that bidder. Anyone in the world can now look at the permanent ledger and see that specific transaction actually took place and the record will never change.

 

The person who owns the record of that contract may wish to sell it in the future. The record of that contract can be constructed in a way that each resale pays the originator of the record a royalty. There are other spins on it but that’s the gist.

 

It is being pitched as a way for an artist to show the provenance of their work. They create the opportunity to conduct a scare number of specific transactions and say that those transactions represent some notion of originality. It’s all about perception. If everyone agrees that the trade of opportunities to conduct transactions in an immutable ledger is valuable and represents the things they are supposed to symbolize, then it does.

 

Danke for the concise distillation m8

 

I still think they're nada butt tulip futures, but hey prove me wrong kids, prove me wrong
 

Spoiler



 

 

Link to comment
Share on other sites

Who is the crazy customers in this case? I don't think it is old rich white men and not rich japanese kids.

Is it the "cool" rich persons like Elon Musk, Jay-Z etc? 

 

Link to comment
Share on other sites

4 hours ago, cyanobacteria said:

then teach me senpai

 

teaching is for those who are willing to be taught, which is not you, and those who can teach, which is not me. these however are some bare facts:

  • [email protected] became the world's first exaflop-level computing system last year, and grew further on that throughout 2020, so no, it is not "small amounts of computation" by any stretch of the imagination
  • [email protected]'s stated goal is to contribute to medical research and help zero in on new drugs to combat illnesses, which it demonstrably has done and is doing, so no, it is not "being used for corporate capital building" and is not "meaningless in practice"
  • [email protected] is not monetised or click-driven in any way, it's a clear-cut example of a computing system that has been engineered for people to participate in altruistically, with ease and low cost, and solely for producing a public good

basically every sentence you wrote in that post, where [email protected] is concerned, is wrong.

  • Thanks 2
Link to comment
Share on other sites

@hijexx thanks for the explanation. the pieces are slowly coming together, but it all seems just so sketch/scammy.

 

this whole discussion about NFT's has got the gears turning again when it comes to the definition of what art is exactly. got me thinking back to the days when I was interested in art theory, Tolstoy's definition of "true art," crap like that. bet the old bugger wouldn't be pleased if he knew alien cat jpegs are bringing in mad crypto bucks to ruskie hackers posing as "artists."

 

I personally couldn't see myself partaking in this sort of thing UNLESS the McGriff Burlap series goes up for auction at some point. I'd chip in a shiny nickel or two to own a slice of those MSPaint masterpieces...

Link to comment
Share on other sites

Its kindof like having limited edition vinyl even though an mp3 recording of that vinly is on limewire.

 

Everyone has copies of the music, and anyone can listen to the music, but only 250 people have the round piece of PVC with the soundwaves of the music etched into it

 

Where money meets the world of art, there's very little that makes any sense.

Link to comment
Share on other sites

it's time to roll out the guillotines

  • Thanks 1
  • Burger 1
Link to comment
Share on other sites

some deep shit here y'all:

https://www.iheart.com/content/2021-03-14-kings-of-leon-have-generated-2-million-on-nft-sales-of-their-new-album/

Quote

"It's like, there has to be a first band to release their album on 8-track, and then cassette tape, and then CD, and then digital. So, we knew that those bands probably got a little bit of pushback from people thinking that ... like a compact disc probably didn't seem very tough or cool back then," bassist Jared Followill added. "But, then it kind of takes over and that becomes the only way that people ingest that world. But, just like any other form of art, it's just buying art, it's encoded, it's your own personal piece of art that only you can have. It's like, you can go to the Louvre and take a picture with your phone of 'The Mona Lisa,' but you don't own 'The Mona Lisa.' So, you have this thing, this piece of art, and sure, people might be able to try to recreate it, but they don't own it, you do. You've got the codes. It's very, very futuristic and it'll take a second for people to wrap their heads around it — it took us a good bit."

 

Link to comment
Share on other sites

7 hours ago, usagi said:

 

teaching is for those who are willing to be taught, which is not you, and those who can teach, which is not me. these however are some bare facts:

  • [email protected] became the world's first exaflop-level computing system last year, and grew further on that throughout 2020, so no, it is not "small amounts of computation" by any stretch of the imagination
  • [email protected]'s stated goal is to contribute to medical research and help zero in on new drugs to combat illnesses, which it demonstrably has done and is doing, so no, it is not "being used for corporate capital building" and is not "meaningless in practice"
  • [email protected] is not monetised or click-driven in any way, it's a clear-cut example of a computing system that has been engineered for people to participate in altruistically, with ease and low cost, and solely for producing a public good

basically every sentence you wrote in that post, where [email protected] is concerned, is wrong.

this would be a great post if anything you said contradicted anything I said.  it's great the work they're doing but don't pretend there aren't idiots running it on decade old hardware in a way that is counterproductive due to advances in energy efficiency of CPUs

cryptocurrencies have economic incentivization built into them to require efficiency energy usage in order to avoid losing profits.  the "altruistic" [email protected] project does not so no doubt many people are CPU-mining, a complete and utter waste of electricity in comparison to how much computation could be done on dedicated recently designed GPUs.  ask yourself why important medical research requires the begging of researchers for the common people to lend their random computers to help rather than receiving what they need through the allocation of public funds

Edited by cyanobacteria
Link to comment
Share on other sites

feels like you are paying for an extremely personalized autographed cd that will kick back some royalties to the artist, and also log your sale when you buy it and eventually sell it. except it isnt a CD or anything you would spend collector $$ on anyway. I still cant wrap my head around any advantage to the consumer other than it somehow being scarce and collectible. I guess one selling point is that someone, somewhere will be able to see that I was the 1st or 2nd or 8th person who purchased it?

it feels as if music is not the right place for this new tech...its cool that artists will get some royalties...but...

 

this is like BTC except u cant even use it to buy drugs. fucking useless

Edited by colunga
Link to comment
Share on other sites

5 hours ago, cyanobacteria said:

this would be a great post if anything you said contradicted anything I said.  it's great the work they're doing but don't pretend there aren't idiots running it on decade old hardware in a way that is counterproductive due to advances in energy efficiency of CPUs

cryptocurrencies have economic incentivization built into them to require efficiency energy usage in order to avoid losing profits.  the "altruistic" [email protected] project does not so no doubt many people are CPU-mining, a complete and utter waste of electricity in comparison to how much computation could be done on dedicated recently designed GPUs.  ask yourself why important medical research requires the begging of researchers for the common people to lend their random computers to help rather than receiving what they need through the allocation of public funds

it does contradict what you said, in very clear English and using your quotes, point by point. save your word salad bullshit and weaselly constantly goalpost-moving counter arguments for someone who can be bothered.

  • Thanks 1
Link to comment
Share on other sites

10 minutes ago, usagi said:

it does contradict what you said, in very clear English and using your quotes, point by point. save your word salad bullshit and weaselly constantly goalpost-moving counter arguments for someone who can be bothered.

I'm sorry you can't apply a critical analysis to the use of computational power. also you completely misread my post claiming that I claimed [email protected] is corporate capital building.  Don't bother replying if you're not going to be factual and read the plain English in my post

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Similar Content

    • Guest Funktion
      By Guest Funktion
      http://www.bitcoin.org/
       
       
      so in the wake of the financial crisis, it seems nobody can trust bankers, financial institutions or governments who might actively inflate or deflate their own currencies for whatever reason. hearing of this, some japanese nerd called satoshi nakamoto set about designing an open source and completely anonymous peer-to-peer digital currency called 'bitcoin'.
       
      it's clearly still in its infancy and right now appears to just be an experimental economy of around 10,000 geeks trading bitcoin between each other for no real reason, but as the internet becomes more pervasive i don't see any reason why this can't become as big as paypal or even bigger. since i only have a rudimentary understanding of economics its difficult for me to tell you what the actual benefits of this would be were it to grow, but i know for a fact there's people on this forum (Bread probably) who would jizz over this.
       
      what interests me will be (if bitcoin takes off) if we will see the development of other digital financial instruments, loans, credit default swaps etc
       
       
      in summary: hurray for ingenuity and tenacity of nerds.
    • By andihow
      maybe i should have posted this in the bitcoin thread but i feel like the topic in its entirety deserves its own. any other SHARKS on watmm? I made like 30 bucks on Ethereum today. whos trading/holding what? bitcoin? litecoin? kanyecoin? anyone have any theories or speculation on anything?
    • By joseph
      It is now very important that all internet-using people know how to communicate securely, even over insecure channels like gmail, and with no fear of being spyed upon by e.g. the NSA. Fortunately there is a way to do this. It is called PGP.
       
      This thread is a brief explanation of PGP and how to use it, with an interactive component. Your challenge is to send me an encrypted message!
       
      HOW PUBLIC KEY CRYPTO WORKS (VAGUELY)
       
      Everyone makes their own public key and private key. You keep the private key to yourself, but advertise the public key widely (website, email signature, etc.), so that anyone who wants to message you securely uses your public key. The encrypted message can only be read by the person with the associated private key, namely, yourself.
       
      Remarkably, this allows you to communicate securely with complete strangers who you've never met before, without exchanging a secret key.
       
      HOW TO DO IT (in 5 minutes)
       
      1. First, download the software. By googling "PGP client" you can find an assortment; I prefer gpg4win for Windows. Macs might try GPGtools. My tutorial will focus on gpg4win, but the steps will be similar for other clients. Worst case scenario, you have to read someone else's tutorial.
       
      2. Open Kleopatra.
       
      3. File, New Certificate, create an OpenPGP key pair.
       
      4. Enter your details, and in Advanced Settings chooseRSA 4096 bit (for maximal security).
       
      5. Create the key. Make sure to use a long (>16) password which is generated randomly using special characters. random.org has a generator you can use, but I recommend KeePass as a generator and a way to store your passwords (so no memorization needed).
       
      6. Now, from my experience you may want to close and restart Kleopatra at this point, because usually it doesn't immediately list your new key. You want to see, in the main interface, the key with your name, email, etc.
       
      What to post here (to complete the challenge)
       
      1. First, you want to right click the key you've created, and click "Export Certificate". This makes an .asc text file (which may be opened e.g. with WordPad) containing your public key. It will look like the block of text at the bottom of this post. This is the public key; other people need to see it in order to communicate to you securely. Now, post your public key in this thread (as I've done).
       
      2. Second, you need to practice by sending me a message. To do that, copy/paste my public key (which is below) into a blank text document, and save it as a .asc file. Then, in Kleopatra, go to Import Certificates, and select that file. Once my key is imported, you may send me an encrypted message. First, type the message you want into a .asc file. Then in Kleopatra, go to file, sign/encrypt files. Choose the file, choose encrypt and select "Text output (ASCII armor)", next, select my name as who you want to encrypt to. Voila! Kleopatra will make a file which contained the encrypted message. Place the encrypted message
       
      3. If you did everything correctly, I am the only person in the world who can read your message (with the private key corresponding to my public key). When I read the message, I will write a response and send an encrypted message back using your posted public key. To read it, you will go to File, Decrypt/verify files, and the rest should be obvious by now.
       
       
      --------------------------------
      I'm anxiously awaiting your responses! Please tell me if anything is unclear in the above, or if you have any questions.
       
      Here is my public key:
       
      -----BEGIN PGP PUBLIC KEY BLOCK-----
      Version: GnuPG v2.0.21 (MingW32) mQINBFMWWZMBEADfu0HeZBJFaXfTRgKdG3UUQNfvFF00EYBPFMBrBVAE9mA8WXGX huMVC3tG+BwI/mJ3t7WLzpj+WmySI57Ei9XcwM8BROUt9B4ITnp3ZnXJoTzJe02E CDyzmG2xW/6YNtQy/z4VsZr2kvY7jeCKoFOSX9Fbm2+30H6ISM1TfCt8GnzXAVEd zFZtbpNSw84zMxeY5iNQk61iDAhhEWFc/fVzde0nFMl+29bdBxc6PyKuZfsJ6tCu CUQN/ppK/GjCGfDeFSf8JztBaPCoDTcsOxDBeOyBi2i55EOF3fhpHzV6nNw7gnCb c3Mp50ONycKV75GoEVjb4ChNNDbxJBjiVg4CO14qRhC/P3p7XvR8UGkOgG3kWlj2 05RdqZGk9ZI9rteiXnQSvDvTHELBBK4UUfeaA8G2F1Ch+Foy7+iBIE4JB2IklDm/ SSaMVsfs2CwQScHzT7VuumVdbmaSfPpRHy2s19zdJV1TBleFFygYV4YDqLa0hFab 3fj955rVMkzJTmjL7MltktYHaXdbBGBF/UEMZtQ27ZRCowp085S1V9nhlWuTuDwi cMgaOH/woFUA3X2TNGVje9oM3Vu2fc1uVpBDAVZV52FI4BWhyxgODQc+zXUyIFPM Hmhi4Xdc7TYVZxJBMtOJT+YgohQA20nKkWN6esIqxcpRxJ2mQG5+gUSo6wARAQAB tCVKb3NlcGggS25pZ2h0IDxqb3NlcGguOTM3MUBnbWFpbC5jb20+iQI5BBMBAgAj BQJTFlmTAhsvBwsJCAcDAgEGFQgCCQoLBBYCAwECHgECF4AACgkQEXlPi5pXZ9A2 iBAAxWIvcD2yQ84OQc7QDUlHGl1E4nmwQ7X/qckWzDk6U/i6MmEwhalKNDCEKv8y h9qOLGuw/mzJA/RwSQG+lM1bWi6njku1PYnZFAdEaM0arngCCkE+HMDP3ohQDJ5I XvR87yRw9F/aIt6QP80+ce5huq7v5ks75fcJwQduy8Mi5/AoYzijL/ZVTtPIgJaJ 2MVKt4yT+bq8FjzBrjKmTNktfmnFopABDD6sM8i656P8zYKxx1Szs0FEOzbDyCLP ZUdxO/CHk6mgOIWJGYJHRfjJdry1F2E7y15wrMqF9HkV8D0hOImWog5ECHrSK/Rw rLkm+XN6stGnhcEXjHO1fQnMWI9g26BAUKL8RD1RlqhlGl9ouS1oTFRL3WpG5itH l86fh8GofKkAgx7b4ZH9Egi8SbAl6I6ps/OoGwzN2VniKEHDwO1a5WROv4kLBcT0 9114gmPHW0PMnfEVkad9DbZQqs7z4O4MG4vOtEEdUg9AwSV2ArzJLM0Cnsgo97Yh o4liILaoryCLgPxfTsqPJiKFeroISC26CneCzYRnxOStH9f8RrinLqPQkFbIwvnL +CG6h2votCbWoUCfdx8BTItAdEN2E852ILducQyHcTW2CPpW0ZpQe/PafdgMFVmz cXjzIAdrK0Byc1YnzYR3jLvymGhDOJXi6OqfJ5oJGW0Oliw= =2G+t -----END PGP PUBLIC KEY BLOCK-----  
       
    • By jeremymacgregor87
      procatinator
       
      the peak of internet
×
×
  • Create New...