KrowWithAK
187599
2280
42
Jan 20, 2022 4:07 AM
KrowWithAK
187599
2280
42
GenXHippie
Am I just too smart to have money?
ComcastLover
Lord of the rings will be public domain january 1st 2024. Looking forward to that!
MatthewBecker
This is so stupid it hurts
sr22e
ProceduralTexture
Little known fact: the "block" in blockchain refers to the shape of cryptobros' heads.
Nikolai5
Its hilarious how fervent NFT victims are about it. Its like their entire life now revolves around them and getting others to use them.
Nikolai5
Almost like a pyramid scheme, or a cult.
sarkonas
It would be funny, if I wasn't in need of a new GPU. Fuck NFT bros and also everybody that jumped on the crypto hype train
KrowWithAK
You're just mad you missed out and didn't make bank like my buddy Karl./s
LeastTurnip
Some guy just made several lifetimes earnings on his grandads copy of Dune.
mechsrule009
Conclusive proof that even the NFT lovers don't understand them
NeverDownvoteMelBrooks
TheIronPenguin
What's that from?
NeverDownvoteMelBrooks
Clue
TheIronPenguin
Thanks! :)
dorenavant
Dracology
"Why do people hate us so much? We just wanna burn books to make money!"
FuryM0nk
It sounds more like they think they’re the only ones who’s ever seen this version and plan to expand the “dune universe” either way, lol no
AltMelodium
We're at the beginning of something exceedingly dumb. This won't stop now.
mity0k23
I got some pictures of photos of Beanie Babies that I can sell you the record of you buying them.
positiveexposure
Don't forget... These kids managed to get together 2.5m... Let that sink in....
BurningSwitch
12 million USD. Of which they got scammed 8 million by Soban Saqib.
BuckDitkis
So if I buy a Lambo, take a pic of it in my driveway then blow it up, my pic will be worth more than what I paid for the car? Genius!
SixPieceChickenMcNobody
“Hey, Kyle should we call a copyright attorney?”——-Naw dude, Tanner’s buddy Bryce is a bad ass lawyer, he said it’s good to go.
GriffithCantelope
So, not one of the SpiceDAO bothered to do some background legal research into copyright laws and historical cases?? Like isn't that step 1
ImgurPlz
Kind of the whole principal behind NFT. They have no clue what they’re doing apart from the money launderers and scammers.
Feralkyn
Some NFTs give copyright, some don't. I think there must be more to this, b/c the idea they'd have bought without checking the rights would
Feralkyn
be genuinely mind-boggling
ImgurPlz
NFTS DO NOT GIVE COPYRIGHT. An NFT is a serialized number. Submitting paperwork to copyright authority gives you copyright.
Feralkyn
That's not how artwork works, no. When you create a work of art, it's automatically yours, by international law. Some (specific, it's in the
Feralkyn
legal documents) NFTs come with copyright for art, usually made specifically *for* the NFT system.
McMunchly
about a dumb as the people who think that an NFT skin from minecraft will just somehow work in CoD as well
MrMetroid
Who the hell would think that lmao
BurningSwitch
One of the initiators of that shit Soban Saqib, the guy who scammed them all is trying to sell this at expopulus
antsteGamer
You'd be surprised how many nft bros think it's that simple. Shows how little they understand about how things work.
MrMetroid
That's frighteningly dumb
TheIronPenguin
Mike Shinoda from Linkin Park seems to be in on that thinking; https://twitter.com/mikeshinoda/status/1479880221822054400
McMunchly
some guy on twitter, apparently
MrMetroid
Hmm, wonder if I can DM him and say if he uploads the deed to his house to me I can mint it and he can move his house anywhere in the world
sumofrog
So I guess my question is, who tf were they bidding against that the price got driven up to 2.66 million?
OhNoDontTouch
same thing I've been wondering.. I'd like for it to have been some troll who knew ahead of time the highest amount they were willing to bid.
MrMetroid
Probably themselves through different wallet addresses "OH FUCK SOMEONE BID HIGHER" "MATCH IT" "WAIT THAT WAS ME"
ICollectReactionGifs
Or themselves, on purpose, thinking it'll pay off with all the nft bullshit they wanted to do
usernameusedinlessplatforms2
You can just offer any stupid sum over the last bid if you wish.
imitatedself
One of the weird facts about DAO is that they are public. So if you know a DAO is bidding on X, you know how much money it has (1/n)
imitatedself
This means, that if you actually want the item, you can easily determine the price at which the DAO cant bid (see ConstitutionDAO) (2/n)
imitatedself
In other situations you might want to drive up the price (say you have another copy of the work). In this case, you know how much to (3/n)
imitatedself
bid, such that you will be the second highest, becuase you know how much the DAO can bid. (4/4)
Cyclicus
That is as adorable as it is stunningly stupid
Khatapillah
"Thuddingly ignorant"?
Cyclicus
Good call +1
PimpinKen
Why do I get the impression they did absolutely no research on the idea before launching headfirst into the wall of spikes before them.
Tarmaccian
Well, of course… Then after "investing" in NFTs, they went on to buy a copy of a book…
kaitco1984
There’s got to be more to this. I refuse to accept people can be this freaking stupid and uneducated. But then…Covid reactions in the US…
LAMovieDesign
As an American, I know we have lots of idiots, but there has been worldwide idiocy regarding Covid everywhere. (That wasn’t my downvote btw)
LordHosk
In a press release which is still up on their discord they said they know they don't own the rights they were using this auction to get...
LordHosk
the rights holders attention and say "we are willing to throw ridiculous piles of money at the series" https://discord.com/invite/SPICEDAO
MyBucketOfScapulas
Well then someone should tell them 2.66M is not much in film/TV production terms.
LordHosk
but its a lot for a book that you can view 95% of online for free, which is why it was a "attention getter"
kaitco1984
They spent £2.6m to get rights holders’ attention? That sounds even worse! What happened to change.org and letter-writing campaigns?
Skywatcher16
NFTs. how to advertise you are a moron without saying you are a moron. i so want the whole of crypto to just die. i know it wont, but....
mjangelvortex
I heard there might be an attempt to tax these things which could deter some people from doing them. Don't know if it's true or not though.
Skywatcher16
oh of course its gonna get taxed. if its making money, but lacking in any form of organized and wealthy lobbyists, its only a matter of time
manulofdoom
It will die, when we no longer have a reliable power grid or internet.
Skywatcher16
... allow me to amend my wish; that it would die on its utter lack orf merits, not because society collapsed.
Dcwalker30
My aging GPU and desire to build a new PC, also wish crypto would die.
Justtakealookatthis
I wish it would die, but it ll just get worse. Evidently we will our art to cryptobros and their fetish to make it digital only.
Justtakealookatthis
* lose our art dangit
ChipperCorgi
How the F do people that stupid have that much money?
CandidGamera
Hey, every lottery millionaire is a person who thought it was a smart investment to play the lottery.
TheOneTrueZippy8
Oh, you *must* be new around here. Wealth and intelligence are absolutely *not* correlated.
Justtakealookatthis
Don't forget that you can be insanely good at one thing and still be a drooling imbecile in every other topic. Talent alone isn't enough.
SegyeJibae
it's not their money, that's just money from people stupid enough to buy their NFTs
mrui
Only way to make sense of this is money laundering and group leaders stealing money.
SerenePrincess013
Tried & true method of making stupid people famous, which makes you wonder who is the stupid in that equation?
blooocean
there's Logan Paul who spent 3.5 mil on pokemon cards that turned out to be fake
Inarticulated
I've only heard about this but it just feels like a PR stunt. Maybe it wont if I'd read the articles.. but I really don't wanna..
GlenL
You don't have to be smart, just be in the top half of the pyramid
UghItsThatGuy
It makes me happy to see fools and their money get parted like this.
Wor3q
It makes me sad that you can't just make animated series of whatever you want... Especially a book written over 50 yeas ago.
BabyHuey206
It's morally wrong to let people like this keep their money.
GiveYourBallsATug69
It's probably daddy's money. If they have 3 mil to throw around, they probably had plenty more where that came from.
danlei
I wish someone would introduce me to these fools. I have a whole lot of nothing to sell!
EmptyHouseBurglar
I hate that people have money like this to spare of senseless shit while... Gestures
ontarioOT
I'm pretty sure this is just money laundering.
altrdgenetics
That's the way I was seeing it. I refuse to believe they are this dumb and this is just to sell the story.
DrMaggot
Well the money just passes to other fools
jackpkmn
Look up how much energy this shit wastes.
BestUsernameICouldThinkOf
I was with you up until the part about burning the book.
KrowWithAK
I literally screamed no when I read that part... Woke up bf and dog lol
SerenePrincess013
Same. IDGAF what you want to do with the digital copies of a book, but if you torch the pages of the PHYSICAL copy, I'm going to need bail.
BeardedViking
You don't need bail. You were hanging out with me that night, remember? We played Smash Bros and ordered pizza from that one place.
MrStickyCheeks
Yea but like, they are that dumb AND have the money to do this shit...
Kamasu0Tra
Some of the stupidest people I know work in finance and banking. Not small time stuff either.
SerenePrincess013
If these braindead babies are so willing to toss around that kind of cash, slide some my way. I have bills to pay!!
UnitConversionBotButTerrible
Make bullshart NonFunctionalTokers?
Justtakealookatthis
I have some thrashy paperback novels from my grandma if they are interested in investing in the romance category too!
beutnagel
I don't understand. Who was bidding against them at the auction to drive the price that high up?
TheIronPenguin
Rich collectors. Or money launderers.
ex1tium
A Hero.
imitatedself
I posted another comment, but with a DAO, you know how much money they have to bid with. Thus, it is almost risk-free to drive up the (1/x)
imitatedself
price. So let's say you own the same book, or maybe other DUNE memorobilia. Driving up the price of this auction potentially sets a (2/x)
imitatedself
higher expectation for future DUNE auctions (i.e. your collection). Normally this type of up-bidding would come at a risk of you winning 3/x
imitatedself
But with a DAO, you can kind of know how much they are willing to bid, and so can drive up the price of the auction riskfree (4/4)
beutnagel
Thank you for the explanation :D
MarkSoupial
So by "technically innovative" they meant "use a scanner" and by "culturally disruptive" they meant "limit public access"
WhereIsMyAppleQuava
Oh oh oh! I know 'disruptive' in a commerce context means something that upsets the norm, like the iPod! This is just plain stupid.
imeanYUUUGE
BuZz wOrDs MaKEe SoUnD sMaRt!!1!
ShouldersDeepInAHorse
Does anyone else detect a slight colonial narcissism-
idontenglishsorry
Everyone here is calling this stupid, but its so stupid that it cant possibly be real, isnt it? this has to be money laundering
OhNoDontTouch
how? laundering money through art normally involves buying one-of-a-kind pieces that, by purchasing for an absurd amount, you can claim are→
OhNoDontTouch
→therefore worth that absurd amount. to my understanding, this book is rare but other copies exist, so it already has, more or less, a set→
OhNoDontTouch
→"value." paying approximately 100× the supposed value of such an object just doesn't make sense to me from a money laundering perspective.
Z0op
Maybe the buyer is involved, and thus the money never left anyone’s pockets but did get laundered
herzatz
Well, all NFT are public released, """ownership""" is not but you can get the url of all of them lol
ZK383
Why not invest in Dutch Tulips? People thought they were worth something....
WithCheese
As someone who grows and sells rare flowers as a side hobby, they’re ABSOLUTELY worth something, rich people have too much money
trentofxanth
ILikeFugu
I'd rather invest in dutch tulips, at least those are pretty
dancerinthedark
Tulip mania. One of many great recorded bubbles. Gordon gecko has an awesome framed illustration in Wall Street 2.
SerenePrincess013
Why not a rose on a piano, then?
ihopeyoucanseethisbecauseimdoingitashardasican
I prefer tulips on an organ, m'self.
jimfalconer611
NeverEnoughFoxes
Now this is a cultured reference.
GeForcen
Yup, in every single NFT post.
ZK383
Benefits of a classical education.... I could discuss men's suits all day
bluesun68
I hear they were delicious.
Importaku
Don’t forget the collectible coins too
RPhoenix
I'm sorry, did they say they'd fucking BURN THE BOOK?!
TheMemeForge
Burning an NFT is like burning crypto coins, meaning they put the tokens in a state where they are impossible to resell or retrieve
MrMetroid
Dont worry about dipshit here, he always uses one word sentences "and says "you're an idiot". He needs to grow a brain cause his vocab sucks
MrMetroid
Holy shit it's funny check it out it it's just endless brainlet comments, how sad.
Melonfish
Yes, and don't think this will stop at books, think art, music masters, etc.
Xerxes4242
I mean if I had to destroy one person's adaptation of the novel, that'd be the one.
RevengeIsIceCream
To me it read like trolling, someone trying to make them burn the book they just paid a stupid amount of money for… :)
SegyeJibae
there's like around 10 to 20 copies of the same book, quite rare but not super rare and the going price (normally) is up to 40K
CandidGamera
Historical/political implications aside, yes, that's the mindset of an investor-collector, i.e. someone who only cares about the financial->
CandidGamera
<- benefit, not the objects themselves. In fact, they may despise the object if its existence negatively impacts their return-on-investment
Dagordae
Relax, it's already got an online backup and multiple other copies. Plus, honestly, the storyboard of a movie that never got out of
Dagordae
production isn't exactly high on the 'Important things that must be preserved' list. It didn't even have any big drama or anything like that
Dagordae
, the filmmaker was just too ambitious and didn't get funding. Still a stupid thing for them to do, but not exactly HERESY.
kingkongkeom
Burning a book that only has around 10-20 other existing copies would be a loss, regardless how you want to spin your argument.
Dagordae
Yes. A loss to the teeny tiny number of people who actually care about a failed attempt at making a movie 50 years ago. There’s a reason
Bluekitten03
I don't care what book it is, you don't burn books...
sureasyourebornyourenevergoingtoseenounicorn
It’s already online so, meh
Bhargo
of course man gotta pump up the value of the NFT!
Perfextion1620
Burning refers to destroying a digital token or copy. Usually to increase scarcity to drive up value. These guys aren't very bright.
Perfextion1620
It's like someone tried to teach a trading concept to a pre schooler who can't understand the difference between derivitives and a commodity
aznanimality
Maybe they meant burn like how we burned CDs back in the day?
Raghvald
Nah, there was a real painting that got converted in an nft and than they burned the original, so that nft remain the only copy. Same here.
FellaWithUmbrella
But they don’t have the only copy of the book.
Raghvald
It's not about the only copy, it's about the only "legitimate", OG, certified copy (which still isn't the only one in this case). 1/
Raghvald
People can still easily copy such art, since it's digital; nft just means you own that art piece, but anyone can still use it. Idiocy.
mity0k23
Don’t worry, they only have a picture of a matchbook.
MemeusCalgar
They only have a picture of the receipt for the matchbook, the shop kept the actual matches
IDidntWantToDoThis
Do you know how much each JPG of a match is worth?! They may be book burning scum, but they're not getting rid of their ugly match JPGs!
IconicM
They might also have a picture of fire though!
SalmonTheWise
Thankfully, it's only a picture of Fyre festival.
adverselypossessed
UnattendedDeviant
Burning the book then thinking they have the only readable copy. That sounds to stupid to be real. Their heads are too buried in NFT world
TheMemeForge
This is incorrect. It means putting it in an untradable space for the token
UnattendedDeviant
*too
InTangier
Meanwhile, they'd be doing the very reprehensible thing of burning a book. Assholes.
CandidGamera
Well that's the logic of a scumbag collector too - destroy all instances of a collectible except one (their own) to increase rarity=value.
SethBalmore
Like when Kaiba ripped Yugi's grandfather's Blue Eyes White Dragon card! Rich bastard.
StandBackSomeonesOffened
Woooow uhh yeah exactly like that.
SimiKusoni
Given the lack of sources it may not be real? I get that people are being idiots with this NFT thing, but this seems a bit far fetched.
SimiKusoni
I take it back, the forum links are dead but the twitter posts are real. I guess they are just complete idiots.
UnattendedDeviant
Yeah, I immediately went to Twitter first.
UnattendedDeviant
Because it sounded so stupid.