| > Sure, cash is great. I hope we get to keep it, but it seems clear we'll need to fight for that. OH COME OFF IT. There is not a Government on this planet that wants to get rid of cash. We've been TRYING to get rid of the PENNY in the United States for actual decades because it's fucking useless and we can't even manage that, and you think there's a future where we get rid of all of physical currency? Go outside! Like telling people to touch grass is low-key shitty but Jesus Christ, I will never, ever get over how talking to crypto people is talking to fucking aliens. Y'all are trying to build a new financial sector for the entire economy and you don't know a SINGLE. THING. About doing that. You've build an admittedly quite impressive hammer in the form of cryptography in the form of currency, and based on that, you just assume everything else is merely a simple nail, ready to be driven by it. It is EXHAUSTING. > All I am saying is there is no future where drug legalization replaces the need to have cash - or crypto. Crypto is useless as currency! Absolutely useless. It's market volatility makes it PURELY a speculative vehicle as it's liable to change value by orders of magnitude between when you order something and when you pay for it, meaning accepting it as payment for anything is fraught with returns with negotiations with pending balances or refunds, each of which can re-occur in itself. A currency that is more stable and operates with lower fees is only that because of it's lack of adoption. As one gains users and traction and becomes attractive to speculators, it becomes both more expensive to use, slower in operation, and the value begins spiking and crashing because of those things. And that's not an "unfortunate side effect" or whatever, THAT'S what TO THE MOON MEANS. That's the GOAL of all these projects is to drive the value through the ceiling and cash out. > Right, and that's exactly how NFTs work? There are a bunch of enthusiasts who share a common belief, namely that tokens minted on a blockchain - by an artist purporting to represent an artwork they created, or a collectible purporting to represent a community - have a value. > If you create your own token purporting to represent someone else's artwork, this community won't value it, nor will they be bothered by it. Except, again, that's not the situation. The absolute explosion of art theft and the enthusiastic participation of crypto users with it seems to indicate nobody really gives even a slight shit about owning real art, apart from being able to resell it later at a higher price. Tokens minted of the same pieces, tokens minted by people who aren't the artist, tokens minted of work from DECEASED artists, name it, it was made, it was sold and is probably still being traded today. Like I'm willing to grant you just might not know this because you seem to be quite detached from reality, but I cannot overemphasize the GULF between what you think is happening and what is actually happening. It's PROFOUND. > I don't fully understand the remainder of your point; if someone sold you a crypto token while making false representations as to what you are getting, you can try to sue them in court, and I would hope you'd win that case. No, you can't. Because the thing they sold had no value, because they didn't own it. They sold you a receipt for a purchase of a thing that isn't real. Therefore, no court is gonna do shit. |
> OH COME OFF IT. There is not a Government on this planet that wants to get rid of cash.
It is a real civil rights concern:
- https://www.aclu.org/news/privacy-technology/say-no-cashless...
- https://www.bundesbank.de/resource/blob/710118/6bab368611007...
These aren't exactly cryptobros.
> Tokens minted of the same pieces, tokens minted by people who aren't the artist, tokens minted of work from DECEASED artists, name it, it was made, it was sold and is probably still being traded today.
Not really. Copy-minting did happen extensively, but it's more like phishing emails trying to get someone to click. No one really minted or traded these tokens. There were one or two projects based on stolen artworks that had a modicum of traction, but none that I know that is relevant today.
Feel free to proof your point by citing examples if you think you can.
> No, you can't. Because the thing they sold had no value, because they didn't own it. They sold you a receipt for a purchase of a thing that isn't real. Therefore, no court is gonna do shit.
Just one example: https://www.artnews.com/art-news/news/are-nfts-property-stol...