politics of crypto (ban that crap)

[DQ12]

My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.

it sounds like they figured out a way to make licenses the exact same as they were already.

[catastrophe]

My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.

it sounds like they figured out a way to make licenses the exact same as they were already.

Are you familiar with the terms forgery or plagiarism?

[DQ12]

My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.

it sounds like they figured out a way to make licenses the exact same as they were already.

Are you familiar with the terms forgery or plagiarism?

How do those terms apply to the song license hypo?

[Spracne]

My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.

it sounds like they figured out a way to make licenses the exact same as they were already.

Are you familiar with the terms forgery or plagiarism?

How do those terms apply to the song license hypo?

The point is that it's a contract that is foolproof in self-authenticating. Are you playing dumb or something? Because I know you to be an intelligent person.

[Kat Kid]

One big advantage is you don’t need some high priced attorney signing off on it!

[Spracne]

One big advantage is you don’t need some high priced attorney signing off on it!

No, but you'll apparently need high-priced me and catastrophe explaining the concept to old judges like they're children.

[DQ12]

My understanding is super rudimentary, but i believe NFTs make it easier to track ownership than pretty much any other method. It is like having a completely electronic chain of title.

So artist says, whoever holds this token has the right to use my work. Only one person can ever hold that token and it’s easy to see how the person got the token.

it sounds like they figured out a way to make licenses the exact same as they were already.

Are you familiar with the terms forgery or plagiarism?

How do those terms apply to the song license hypo?

The point is that it's a contract that is foolproof in self-authenticating. Are you playing dumb or something? Because I know you to be an intelligent person.

I just don’t get it. 

[sys]

I just don’t get it.

that's the entire blockchain playbook.  say some random thing will be revolutionized by blockchain, have no rationale for how or why blockchain would improve or replace whatever they're saying would revolutionized and then imply you're stupid if you don't agree that blockchain revolutionize whatever it is.

[catastrophe]

Sys you are positively Daxian in your purposeful ignorance here.

This might help explain for those actually interested https://www.goldmansachs.com/insights/pages/blockchain/

[sys]

Sys you are positively Daxian in your purposeful ignorance here.

This might help explain for those actually interested https://www.goldmansachs.com/insights/pages/blockchain/

oh, i believe the part where you can use blockchain to create a shitty version of contract, just as you can use it to create a shitty version of a currency.

[wetwillie]

One big advantage is you don’t need some high priced attorney signing off on it!

No, but you'll apparently need high-priced me and catastrophe explaining the concept to old judges like they're children.

Are you familiar with the KIK Interactive case?

[wetwillie]

at what point does the mainstream buzz around digital currency become about more than how much of another currency it's worth? like how far off do experts think that is?

same question but gold

yeahhhhhh but gold makes fancy jewelry at least?

My explanation could be wrong, but I’m confident you’re missing part of the story.

Most cryptocurrency is generated and used to perform transactions on block chains. So like if a recording artist wanted to license a song by NFT or create a smart contract on the Ethereum network, they would need to pay in ETH to do it. It has inherent value for that reason.

Why would someone want to license a song by NFT?

They capture all the economics, this isn’t hard.

[chum1]

Looks like the entire premise of this thread has been refuted.

https://twitter.com/JoePompliano/status/1415346064807366658

[DaBigTrain]

 

[wetwillie]

Refuse to regulate it through legislation but tax it to death.  Seems about right.

[catastrophe]

Refuse to regulate it through legislation but tax it to death.  Seems about right.

They really can’t figure out if it should be treated like an asset or like a security. Right now they’re going with the former. Government generally doesn’t care if you sell something expensive to someone else as long as you pay taxes on what you make.

[wetwillie]

Refuse to regulate it through legislation but tax it to death.  Seems about right.

They really can’t figure out if it should be treated like an asset or like a security. Right now they’re going with the former. Government generally doesn’t care if you sell something expensive to someone else as long as you pay taxes on what you make.

The SEC would beg to differ

[sys]

lol.

https://twitter.com/JasonYanowitz/status/1415428773680386051

[catastrophe]

Refuse to regulate it through legislation but tax it to death.  Seems about right.

They really can’t figure out if it should be treated like an asset or like a security. Right now they’re going with the former. Government generally doesn’t care if you sell something expensive to someone else as long as you pay taxes on what you make.

The SEC would beg to differ

SEC has a totally different focus. That’s the dilemma.

[IPA4Me]

https://twitter.com/ummjackson/status/1415353984617914370?s=19

Sent from my moto g power using Tapatalk

[wetwillie]

https://twitter.com/ummjackson/status/1415353984617914370?s=19

Sent from my moto g power using Tapatalk

Good thread, not sure what he is going to invest in however with all that Pearl clutching and moral high ground.

[catastrophe]

Also seemingly refuses to recognize the distinction between block chain technology and crypto.

[wetwillie]

SEC took a really public and embarrassing  beating today.  Former director Hinman will be deposed in part of the pre trial discovery of the Ripple vs SEC lawsuit.  Wonder what he will say in regards to why he met with ETH foundation a week before declaring ETH was not a security and how his law firm (which paid him millions while he was the director of the SEC) sits on the Enterprise Ethereum Alliance.

[catastrophe]

SEC took a really public and embarrassing  beating today.  Former director Hinman will be deposed in part of the pre trial discovery of the Ripple vs SEC lawsuit.  Wonder what he will say in regards to why he met with ETH foundation a week before declaring ETH was not a security and how his law firm (which paid him millions while he was the director of the SEC) sits on the Enterprise Ethereum Alliance.

Is that for real? That seems like it has to be highly illegal, not just a conflict of interest.

[wetwillie]

SEC took a really public and embarrassing  beating today.  Former director Hinman will be deposed in part of the pre trial discovery of the Ripple vs SEC lawsuit.  Wonder what he will say in regards to why he met with ETH foundation a week before declaring ETH was not a security and how his law firm (which paid him millions while he was the director of the SEC) sits on the Enterprise Ethereum Alliance.

Is that for real? That seems like it has to be highly illegal, not just a conflict of interest.

https://www.businessinsider.com/sec-simpson-partner-pay-biden-golden-parachutes-2021-1