Spotify Data Breach & NFT Fraud

Whelp your stake in this is clear.

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Ah, you sure did, Lazlo

(Sorry, couldn’t resist)

Whelp your stake in this is clear.

So is yours.

Yes, we want actual freedom on the internet without having scams pushed on us perpetually from thousands of laser-eyed believers.

Don’t take these guys at face value. I can’t expect everyone to study finance or internet architecture and development, but at least look at what exists today.

These projects aren’t even business. They’re pump and dump ponzis by and large.

The most minimal observation shows this. Your faith comes with a (somewhat predictable) lack of evidence and talking points.

I read crypto news mostly to hear what fresh hell awaits me (and can’t avoid the spam) but check out David Gerard’s writing if you’re interested in learning anything about the ecosystem.

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My stake is ensuring people stop getting scammed by fatcats 3.0 while they compound on our energy crisis exponentially. What’s yours?

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I thought about actually saying something about the pro-NFT “arguments” being given here, but then I realized that I could just ignore the folks making them forever and be much happier. It’s a huge shame we can’t all do that globally and we have to actually spend energy trying to stop them boiling the oceans with Ponzis.

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I’m not really even talking to them; they’re gone. I’m talking so theirs isn’t the only voice.

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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.

Again, that was an example of an existing implementation, and utilizing something non-proprietary would reduce failure points, not add new ones. As for whether the ethereum blockchain is going to outlive a random selection out of the hundreds of VST developers, time will tell.

How can we all just crash the price of that nonsense so we finally stop hearing about that stupid crypto crap? Surely there must be a way we can shut that shit down?

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Much much much much much less than one reliant on crypto mining. Visa are not moving to Kazakhstan to get cheap electricity, and disrupting (in a bad way) the country. AmEx do not have the power demands of Austria. You need to get your head out of your arse mate, you’re not going to get rich from this scam.

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The proposals are all centralized.

None of what you’re suggesting has happened will happen nor would be decentralized.

It’s all pretend, imaginary.

Nonexistent.

Can you please explain your investments that keep you believing and spouting absolute nonsense?

It’s all make believe, but what is your realmoney speculating on here?

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An unregulated market can stay solvent longer than individuals, governments will need to take down Tether, USDC, all LITERAL moneyprinters that pump the price and create the negative sum correlations to realmoney™ and require an increasing number of new schemes and gullible suckers to get in to get any money out.

As with the MLMs of leggings and oils, Herbalife and Amway, it’s reaching the limits of exponential growth and waves of “downlines”, and each new fool needs to get more fools in to maintain the value of crypto.

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But if you use something non-proprietary to access the actual data, you can always “right-click” it i.e. access it without being the registered owner. If you store a magic token in the blockchain saying you own it, the only way to make access to it exclusive to you is by using a closed, proprietary system that will only show the content to the current owner. And now you have a point of failure that sits between you and the content you allegedly own.

It’s not solving any real problem, just introducing new ones

It’s all bullshit.

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Ok, so the emperor is nude and has always been nude, but let me tell you of the fine stitching, let me tell you the promise of blockchain embroidery, this project says that his cloak is of the finest velveting that could be…

Seriously, echo chambers are for music not enlightenment or sane investments :slight_smile:

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Much much much much much less than one reliant on crypto mining.

It’s easy to make excuses for systems your can’t see inside of, and plenty of company moves and datacenter placement decisions have been made on a cost-to-operate basis. Of that, I can assure you. It’s just that there’s no one publishing hysterical articles about it right now.

you’re not going to get rich from this scam

I have no interested in getting rich and I presently hold no cryptocurrency. What I can see is the legitimate application of emerging technology, and how it disrupts existing systems and power structures.

You can’t see how the same systems and power structures and capital have put this new attempt to sway power over us all.

Most of these projects use cloud data centers with the exact same hardware behind hugely wasteful gpu crunching efforts that burn the cheapest fuel possible.

You can’t see because you don’tt want to.

You have stars in your eyes because the ultra wealthy told you that making them richer would make the ultra wealthy mad, but you’re embracing serfdom.

Hypercapitalism isnt revolutionary. It is also centralized.

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Hmm. Would it, though?

And that makes you feel secure, why exactly?

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It would be centrally controlled and proprietary, because that’s how projects with DRM work.

The point of them is selling tokens, not having a true product. The token is the product and the “solution” is halfass and the speculators find greater fools, not uses for the product.

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Logical fallacy: whataboutism. Even if we know/don’t know the “what about those other things”, that doesn’t change the reality of crypto’s massive energy usage and environmental impact. Nice try tho.

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I think I got close to enlightenment once hearing music at Berghain. Can’t be too sure it was due to the echo chamber…

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