Spotify Data Breach & NFT Fraud

“Encryption” has been around since people needed to exchange military info/intel with each other in a “secure manner” back in ancient greek times and romans and whatnot.

They still used normal currency for day to day stuff :stuck_out_tongue:

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“Pay an increasing set of middle-persons in the pyramid while i accumulate more power and money. WE ALL GET RICH!”

I get that people like the ideology, i’m not here to argue with Libertarianism, just the soulless hypercapitalism, amateur tech, soulless “art”, and celebrity FOMO that drives the faddish schemes.

No, we’re not missing out on the next internet. No, “web3” has nothing to do with the internet consortiums. No, it is not the “ground floor”. No, i will not be make you rich or listen to the same elevator pitch over and over, because i follow actual architecture developers and understand how it all works (and doesn’t.)

The principles are old, the tech and “art” are all gimmicks to an end.

I want art and tech to do things better and more radical than putting a new generation of rich pricks in charge of my life.

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That’s a f-in mint joke that :troll:

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Also i’ll say a word of caution. If rich people are in it big time, and it’s not a regulated market, and it’s speculative trading involved, run. Run as fast as your bitcoin paid legs will take you away from it. They’ll bleed you dry and have zero remorse about it. That’s how they got rich in the first place

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A better question IMO is why are we adding an additional layer of carbon footprint

I wouldn’t be so sure that it’s additive…in most circumstances, we’re replacing transactions on top of one component where the environment impact is hidden with transactions on another where the environmental impact is exposed. EX: Using your debit card to buy pizza vs using your crypto wallet, or transacting to trade stocks vs bank transfers, etc etc.

Soooooooo… a pizzashop is gonna put all their eggs in the “oh fk Musk tweeted negatively about bitcoin it’s worth nothing now” basket? Not gonna happen

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see this:

That’s reason #1.

Reason #2: it’s a scam.

You’re obviously someone invested in crypto, and that’s fine. But you can’t expect not to get shot down when using false equivalency to defend it.

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Statistic: Bitcoin average energy consumption per transaction compared to that of VISA as of January 10, 2022 (in kilowatt-hours) | Statista
Find more statistics at Statista

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Mr. Robot was cancelled too soon

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It’s in every case additive.

This is not to say strides can’t be made in improving our systems, it’s that “blockchain” doesn’t solve inefficiencies, it adds them.

My bank is almost exclusively virtual, with only one or two world branches.

I still rely on a network of ATMs, which blockchain does nothing to solve when we need realmoney™ exchanged from chuck-e-cheese dollars.

Again, we are not credulous and have heard these undigested claims over and over again. You have sunk cost leaving you believing without evidence the superiority of your speculative investments.

There’s no value to us because we don’t have money riding on this and we don’t want to have to pay for your gambling losses or to pay more so an aspiring Musk or Bezos can own more of our lives and freedom.

Make art, not ponzis.

Don’t work as foot soldiers for the wealthy and ultra-wealthy.

If we want to fix finance and industry we don’t cheer on the same masters ruling us all from a different aesthetic.

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So this is some nob selling other peoples music as NFTs? How can that even be legal?

It’s the wild west looking for suckers before they “rugpull”.

They’re hoping to disappear long before anything launches. These “projects” exist to pump and dump a token, previously they were penny stock schemes.

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So why bother with the blockchain part then?

Depending on the problem, blockchain could still provide solutions to problems that existing systems face. Allow me a little bit of rope here…

For instance as a developer of VST plugins, building your licensing scheme on top of somethign like cNFT instead of your own proprietary system could mean that you need to run less or no back-end infrastructure to support the online licensing system (one of the places where you also trade carbon footprint in one place for carbon footprint in another), and significant parts of authenticating the validity of a license and trading licenses between users becomes a solved problem. Of course you could spend more of your time and effort developing your own solution instead of innovating, or you could pay Pace and make your users use iLok too. More options isn’t a bad thing.

One benefit as a purchaser could be being able to use or trade the software licenses without involving the developer at all. Imagine being able to continue to validate the license for a VST from a developer who went out of business a decade prior…as long as you had the installer saved somewhere and a system that could run it.

“it could”

But it hasn’t and it won’t. By design.

Literally none of your examples ever require blockchain.

Most are already being done today.

The value add is scam, literally nothing else.

You don’t show any interest in the actual field of business in gaming, music, software that these use cases are already solved with!

Do some research and understand what is already being done in mainstream content delivery.

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Not gonna happen

Your late to the party, we were buying pizzas with crypto a decade ago.

Yup, but they also primarily took cash. Which is my point. It was a fun gag.

And it’s a decade ago. We’re nowhere closer to replacing the things you don’t like

But it hasn’t and it won’t. By design.

Some of exist in a world of can’t, some of us exist in a world of can and will.

Someone sent crypto to another person who bought it with their credit card using realmoney™

The business never touched crypto, businesses over the years claimed to but used Bitpay to exchange for realmoney™ and canceled their plans right after.

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But you won’t, because its inherently less efficient than other centralized solutions.

The technology is amateurish and poor, and only serves as an excuse to draw in greater fools to fund their wave of exit from the ecosystem.

Quote from cNFT

We introduce this novel trustless solution for NFT applications. It guarantees that only the current owner of an NFT can access specific data, for example high-resolution images or software license files attached to an NFT. This approach enables further use cases, some of which are outlined in this article as well.

Now we have just added another point of failure, eh? I bet the developer will be longer in business than that centralized server with the “attached” license.

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