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Penny Arcade - Comic - Ubisoft
Dog
Registered User, Administrator, Vanilla Staff admin
Registered User, Administrator, Vanilla Staff admin
Penny Arcade - Comic - Ubisoft
Videogaming-related online strip by Mike Krahulik and Jerry Holkins. Includes news and commentary.
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Look, I don't even like the IDEA of NFTs, let alone their implementation so far, but isn't part of the PURPOSE of them being to confer some manner of ownership onto the buyer? Ubisoft takes this idea, removes the ownership part, and gives you something that's so tied up in Terms of Service and contract language that it's functionally meaningless. That they can rip away any time they want. The digital "receipt" that proves you own a thing, is ALSO in their hands.
I'd have felt better if they had just said "We'll be using blockchain tech to help manage our microtransactions going forward."
and I guess that kinda true, it seems like it's DRM for horse armor. I don't think that's improvement though...
This is exactly how scams like this work, once you are bought in the only way to avoid losing is to convince others to buy in as well. Its a pyramid scheme, you keep convincing others there is value in what you are selling, and getting them to do the same. Its a particularly screwy bit of human psychology that can be abused heavily, we never want to admit what we believe isn't true and we will fight hard to keep believing a lie. The human brain reacts in almost exactly the same way when others challenge deeply held beliefs as when we are under physical threat, scammers understand this, and understand how to feed that system and keep people bought in.
So the big advantage of blockchain technology is that it allows there to be an authoritative record without needing an authority to back it. Instead of having a final arbiter of "what really happened", what everyone (by simple majority) agrees happened is the official version. In essence, this is a decentralized banking system.
NFTs are decentralized pyramid schemes. In a normal pyramid scheme there is a central scammer who takes in the money and pays out dividends out of the new money he's bringing in. This means there's a central scammer who's left holding the bag if he doesn't know when to cut and run. With NFTs, the decentralized market takes in the money and pays out dividends to the scammer who pumps in a steady stream of completely worthless items. When the whole thing collapses, the scammer isn't left holding the bag because he was never taking in or giving out the cash, just siphoning it away from the fools soon parted with their money.
Plus it makes it easy to have plenty of gains or losses on paper, without needing a physical item to exchange hands - perfect for various forms of financial fraud like money laundering, tax evasion, etc. Just gotta get enough rubes into it that they provide a smokescreen - and as an added bonus, you can fleece them for pictures of a monkey smoking a cigar! Brilliant.
I fucking hate crypto.
Well, except they both come from the same Greek word, which means "to creep". "Herpes" originally meant shingles but then morphed to any spreading (i.e. creeping) skin condition. And which gave "herpeton", the Greek word for reptiles which meant "creeping thing".
Thank you etymonline.com, and my suspicion whenever I see words that allegedly "don't have anything to do with each other."
It has an almost BDSM like quality to the psychology of it.
That doctor lied to me!
So many wasted opportunities...
Man of all the things in the world I don't want to know, this is one of them.
pleasepaypreacher.net
Yeahhhhhh, those wasted opportunities sound depressing
Pretty sure the "mass public" that's using blockchain is using it way more for cryptocurrency than for NFTs.