americana

12mo

Lupe

Fax My Brother

12mo

nft brehs in chat

out

octopoop

12mo

and the artists with enough influence to steer the public to different platforms won’t unite for a common goal and they already get enough money, streaming really f***s the little guys not the ones getting billions of streams

WRU

12mo

OP with performative word vomit

nicobarret

12mo

Yall are annoying asf because you don't understand what the concept of an NFT is beyond people selling s***ty images for ridiculous prices. Get that out of your heads. An NFT in the broader sense just means digital ownership of something on a blockchain (a public database anyone can see but it's decentralized so not 1 person owns it nor can change it).

Meaning you can use this mechanism for anything from car titles being digitized to ownership of homes to ownership of a painting, and therefore anyone can publically verify that you own it and you can easily transfer that ownership instead of you having to store a physical paper of a car title which could get lost or damaged. And you can instantly transfer that ownership instead of having to physically travel to someone across the country who wants to buy that property, And you can write code (smart contracts) to automate things like automatic payments, doing x automatically if y happens, and so on. This will be incorporated into a lot of things in the future without the term NFT needing to be used to describe it.

If Basquiat's paintings were registered on the blockchain then his family would still be making automatic royalties after his death but instead his stuff is being resold for billions while his family might be living in poverty. It's a good thing

WRU

12mo

This decentraland dumb s*** doesn’t work because nobody f***ing cares about it and no way on earth people will use it and make a dent in any of the big platforms user base

WRU

12mo

OP with performative word vomit

voriox

12mo

yeah i would amend this to say not even just the little guy, it’s kinda f***ing everyone. remember that stat about travis making like $435,000 off his album?

nicobarret

12mo

· edited

"decentraland" yeah you clearly don't know what you're talking about and I literally just gave you multiple reasons why a creator should care because they can be their own business instead of being undercut by using a 3rd party company to pay them for streaming and another 3rd party to pay them for merch and another 3rd party to pay them for ticket sales etc. things that Ye, Tyler, and James Blake all complained about within the past week, so obviously someone cares

Decentralization is quite literally another way of saying "power to the people instead of 1 person owning all the resources". Even torrenting is a decentralized service which you've probably done before but yeah you're right there's no use case and nothing will ever get anywhere what a great point
ie. Decentralized compute will be huge with AI as not everyone can own a $5000 GPU. I even use it myself with a thing called Stable Horde which is where people share their computer resources to run AI models so yes there are use cases I'm not just talking about making a dent in social media which I clearly said in the 1st paragraph it might be too late to compete with Instagram now but someone with a cult following as big as Ye could've mobilized black entertainers to come together even as little as 4 years ago.

voriox

12mo

to be clear im not “salty about kids” im concerned from the massive amounts of people that have lost a lot from crypto/nft scams in recent years, rightfully so, so it’s suspicion, not anger and i ain’t forget s***, so weird reaction but ok. anyway you prolly should’ve included this in OP, but thanks for breaking that down. although id be concerned about the environmental impact because all this s*** you’re discussing requires unjustifiably massive amounts of power so.
https://www.techtarget.com/sustainability/feature/Are-NFTs-bad-for-the-environment-Carbon-energy-and-more#:~:text=NFTs%2C%20despite%20their%20digital%20nature,Judge%20Business%20School%20in%20England.

nicobarret

12mo

people buying an image or a memecoin with no research because they wanted to resell it in the future (rip the next person off themselves) and then the value going down doesn't negate the fact that the underlying idea behind a blockchain can be used for other things, It just gave the space a bad name bc now that's what ppl think of when they hear NFT. I didn't say you were salty I'm just saying ppl that are mad they couldn't make any crypto money themselves are the ones that start the "it's all dumb" s*** and then that connotation spreads to the average person. Also the environment impact thing is a negligible claim and most blockchains switched to proof of stake instead of proof of work (aka mining bitcoin by buying as many GPUs as possible which produces heat) but rather not get into that

octopoop

12mo

where the label fits inside this? what about everybody else involved with the creation? (legit question, i have barebones knowledge of nft)

nicobarret

12mo

· edited

"decentraland" yeah you clearly don't know what you're talking about and I literally just gave you multiple reasons why a creator should care because they can be their own business instead of being undercut by using a 3rd party company to pay them for streaming and another 3rd party to pay them for merch and another 3rd party to pay them for ticket sales etc. things that Ye, Tyler, and James Blake all complained about within the past week, so obviously someone cares

Decentralization is quite literally another way of saying "power to the people instead of 1 person owning all the resources". Even torrenting is a decentralized service which you've probably done before but yeah you're right there's no use case and nothing will ever get anywhere what a great point
ie. Decentralized compute will be huge with AI as not everyone can own a $5000 GPU. I even use it myself with a thing called Stable Horde which is where people share their computer resources to run AI models so yes there are use cases I'm not just talking about making a dent in social media which I clearly said in the 1st paragraph it might be too late to compete with Instagram now but someone with a cult following as big as Ye could've mobilized black entertainers to come together even as little as 4 years ago.

WRU

12mo

take a shower member since 2024

voriox

12mo

you’re being pretty reductive about the many sorts of crypto scams out there but sure you’re right. i wouldn’t mind if you went into that personally because i feel like it’s relevant but up to you i suppose. i like the idea of decentralized systems overall to be clear, i torrent s*** all the time and i have some money in monero hahaha. and again i 100% agree with your overall thesis especially that artists are so stupid with their power, especially niggas like drake who could change the paradigm if they took an independent deal or something for example. but they don’t care they just stick with the major label system and eventually sell off the right to their s*** to venture capitalist firms and whatnot

Artist

12mo

Good thoughts !

Could an updated tidal work now ?

nicobarret

12mo

bro crypto scams are run by individual people I don't get what you're asking. Any person can promise value for something then run off whether it's a new collection of worthless images or a real physical item. Buying an album or ticket from an artist you like as NFT isn't anything like that: you're getting the value you want which is the album instead of speculating to sell it later. Streaming it on Audius is even less like that bc you're not even paying for it. The "NFT" part just refers to the fact that it's registered on the blockchain so who currently owns it, where royalties and payments go can be seen transparently and automated

The AI movement quite literally is doing what these "environmentalists" are complaining about (causing people to buy and run as many GPUs as they can get their hands on which might heat up the environment) yet I haven't seen a single person complaining about AI's effect on the environment. That's what I mean when I say people salty about not making money in crypto come up with any way to chastise it to make it seem bad. Anyways there are hundreds of different blockchains so them saying "NFTs are bad for the environment" is like saying all food is bad for you. There are NFTs on Ethereum, on Tezos, on Algorand and so on that all were built differently, Bitcoin uses PoW (mining using a lot of GPUs) which is what those environmentalists are referring to and bitcoin doesn't even have NFTs. PoS, a newer method that Ethereum and others switched to, no longer uses physical mining and therefore does not heat up the physical environment even 1/10000000000 as much

voriox

12mo

uh i didn’t ask anything lol i made a statement, so not sure what you mean by that. other than that, yes we are in agreement, and as long as there exists a decentralized system that doesn’t harm the environment more than it justifies its purpose it’s good by me. it’s f*** most of these AI niggas too but i get that some of them want/need to run neural networks of their own for a variety of reasons, including having one outside of an evil megacorp’s control, same principle as a decentralized system

nicobarret

12mo

Celebrities are the ones that made IG and Twitter big yet they complain about them banning or limiting them when black artists could've come together YEARS ago to make a black-owned social network big. This might seem harder now since theyve already made Zuck and Dorsey richer and let their user bases grow to billions but I've been saying this for years. it's so stupid to me

They complain about Spotify or Apple not paying anything and don't even do anything about it
when alternatives like Audius or sound.xyz exist that they could promote (those are decentralized streaming sites giving the user 100% royalties)

They can go direct to consumer with merch by paying a software dev 1/10 of the money they currently lose to create an direct payment system but instead they all used the preexisting sites like Shopify, Patreon, etc. which take a huge percentage of revenue, or they can sell as NFTs and ship the physical item (yes there are ways to buy with a normal credit card your customers don't need to know anything about crypto)

They can sell tickets directly to consumer same way I said about merch instead of giving away 20% to ticketmaster which is basically a monopoly

Let's go back to streaming. They don't even negotiate with companies like Youtube or Spotify about what counts as a stream if that makes sense. The incentive for any streaming service is to find any way to minimize the amount of streams they pay for. For example in Youtube's policy they REMOVE repeat streams coming from the same IP address (seen this happen myself from just legit rewatching something and it took off all my repeated views the next day) and you have to play it for X amount of seconds which makes it harder to get more streams. Artists don't even think about this enough to read the policies that make them money. OR again they can promote an alternative like Odysee which is basically a decentralized youtube that pays you more for streams instead of keeping the profit

They can direct their fanbases to their own websites, apps, platforms and maybe even run ads on those or whatever instead of complaining how there's only 1 route that's not paying them

They actively make people like Bernard Arnault the 3rd RICHEST person in the world off promoting Hennessy and Louis Vuitton but anything black is uncool

These niggas so dumb bro it's like chattel slavery with invisible chains and they don't care cuz they can make a quick buck and buy that Rolex meanwhile a kid in their hood is starving

voriox

12mo

yeah i would amend this to say not even just the little guy, it’s kinda f***ing everyone. remember that stat about travis making like $435,000 off his album?

nicobarret

12mo

yes and I bought TLOP for $20 and got nothing out of it. 5 of those dollars probably went to whatever payment company processed that and another 10 to the label