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0 sats \ 17 replies \ @rkfg 23 Aug 2023 \ parent \ on: I was a well-paid blockchain / web3 dev for years, but became disillusioned. bitcoin
You either don't read what I write or don't understand it yourself. You can prove that your bytes are the youngest. You can't prove that these bytes are the youngest among the similar potentially existing bytes that represent similar pictures or other media. How do you prove that there's no image on blockchain that looks almost like yours but one pixel is a little different and it was posted a year ago (or 10 minutes before yours, who knows)? For now you can "just" find all inscriptions, run some algorithm to find the similar ones. As the chain grows it becomes harder and harder.
If I only have the blockchain and no other sources of information, how do I make sure your NFT is genuine? How do I make sure you're not scamming me by selling me a mirrored/rotated/scaled/modified version of the "real" NFT that was published years ago? Remember, all I have is the blockchain, nothing else. No websites, twitter posts, blogs, opinions of my friends, no news and marketplaces. You assume no external oracles are needed so it's just you, me and the blockchain. We're trading directly, p2p. So?
No websites, twitter posts, blogs, opinions of my friends, no news and marketplaces. You assume no external oracles are needed so it's just you, me and the blockchain. We're trading directly, p2p. So?
You manipulate definitions to your benefit.
Strictly speaking even when using such term as oracle in this context, any non-standard not supported by Core wallet type must be considered useless. Looks like a stretch.
But even with that you have no power over people who decide to put (non)random bytes onchain because they like
0011 0011 0011 0011 or something else.reply
I only define things so that we exclude the non-blockchain things. Because if we include them, we can't rely on the blockchain anymore and can store all that outside of it as well. And it's true, if all you have is the blockchain you still can use it for monetary purposes because it validates itself without relying on the outside world. But not for anything else. You can duplicate NFTs, no sweat, but you can't duplicate sats.
Like I said, I can't (and shouldn't be able to) stop people from sending non-standard txs. But promoting their usage is encouraging spam and raising fees for no real (=useful) reason. Bitcoin is a monetary system, not an image store. While you still can do it, I will consider this spam and you, my enemy. Bitcoin is for enemies after all. That's all that I mean and I think I explained sufficiently why it is spam and why it doesn't belong in blockchain. Feel free to use IPFS or any other storage and MySQL/Postgres to track ownership of these useless images that will be forgotten in a couple of years. But don't pollute the most important global database that will last for centuries. Unless you're a bad actor that wants to slower the Bitcoin adoption which you might be.
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You can duplicate NFTs, no sweat, but you can't duplicate sats.
I can't duplicate sats but it doesn't mean that sats have any value in outside world.
While you still can do it, I will consider this spam and you, my enemy.
Equally you may begin considering multisigs as excessive way to transfer sats with negative external value (because of increased storage size) and declare multisigs as spam. This is sad to see how deeply confused you are and not about freedom and free-market at all.
Bitcoin blockchain is for any data, but the only way to put data there is to spend sats. If people see any value in timestamping (which they do with either Inscriptions or STAMPS) it is fine as long as they pay.
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Value is subjective, verification is objective. I can objectively and mathematically verify that a sat is genuine and not duplicated (probabilistically, of course), doesn't apply to NFTs at all. A multisig is a technical way to decentralize control, it has a clear purpose of improving security or enabling better scalability (Lightning). Spamming the chain with arbitrary data no one cares about has no use case. No one said that Bitcoin should store arbitrary data, even Satoshi was against that.
Like I said, I can't prevent that and I'm not gonna endorse it. On the opposite, I will discourage such usage and condemn this behavior if I encounter it. If anyone's confused here, that's you and other shitcoiners who want to pile up more trash on Bitcoin to extract value for themselves. Ultimately, all participating people will go broke, that's exactly what they deserve. Too bad this garbage will be preserved for ages but it'd be a good memorial to people stupidity and greed.
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Okay. There are several multisigs possible now in Bitcoin. One of them allows to use only one threshold key. So other methods seem to be inferior and excessive from that point.
But in fact what I am talking about is that Bitcoin is the clock, time-stamping mechanism for data and there is no point in looking at data as useless as long as somebody paid for them. They are useful for somebody.
Somebody may look at your transaction as useless and generally don't like you for example because you transact from addresses with too many bitcoins. Your point is only slightly different that that.
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All multisig methods serve the same purpose, some are more effective, some less. Of course, it's better to use more effective methods. Doesn't mean it can be equated to storing arbitrary trash that has nothing to do with tx validation and exists for the whole different purpose.
My transaction is only useless until my sats reach another person, maybe in a few years. But then this tx will be essential to validate the whole path to the coinbase. That's the only reason to store all transactions, to be able to validate them when someone pays you. No such purpose in storing the NFT garbage. Every time you pay (or open a channel) the other side absolutely wants to know the whole history of your inputs. Nobody but a few deluded people is interested in some payload that doesn't have anything to do with tx validation, and you gotta pretend you "own" something by tracing the sat history manually.
If your "non-fungible" sat becomes fungible the moment you stop believing in its non-fungibility, it wasn't in the first place. You're playing a stupid game and you will win very stupid prizes.
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Again you brought external definition for "trash".
STAMPs store data as pubkeys. Do you want to have a method for censoring transactions after introspection into multisigs and warning user that their multisig is not according to imaginary community codex of good multisigs? Because all your statements virtually lead to such conclusions. You just cant live with peace about any data put on blockchain and don't believe in market forces apparently.
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I said so many times in this thread that I can't and shouldn't be able to censor this garbage, why do you put words in my mouth that I not only never said, but actually said the opposite? I will discourage Bitcoin misuse and call those who promote such misuse enemies of Bitcoin. You don't like it? Then don't do it. Otherwise accept the label, many people think the same and will shame you into irrelevance.
No technical methods needed for that as they sure will bring much more harm than good, see BSV. Those who use ineffective multisigs can be educated, software can be improved to prefer more effective schemes because the goal is to store as little data as possible in the blocks while still achieving the ultimate goal of p2p digital money. Not monkeys or house ownership on chain that can't be enforced without external oracles anyway. Feel free to pollute the most valuable database on the planet, and I'll be free to tell everyone about your fiat time preference. Hope you're happy.
You can't prove that these bytes are the youngest among the similar potentially existing bytes that represent similar pictures or other media.
It is basic image classification task. If there are people who value originality they will value such service. Not like it is absolutely new. There is whole industry around this in physical art.
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These systems can be tricked and then again, if I monitor the mempool I can post a similar or a tx with the same image (or other payload) that will get into the same block. That way I can inflate the NFTs and without an oracle you wouldn't be able to tell which one is "genuine".
The physical art is the same scam mostly (imaginary value), except it's still easier to tell the age of a physical thing because it ages naturally unlike the numbers that age artificially and can be manipulated (as I described above).
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Well, this is a fact that NFTs come in series sometimes. So, creators sort of undermine originality in favor to accessibility.
And you are wrong about physical art. Otherwise all these staffed museums wouldn't be needed at all. The expertise is a big industry around auctions and really good copies of masterpieces periodically float on.
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It's all the same fiat shit, hard and expensive to verify. Create an industry to solve imaginary problems. Authenticity of art is not a problem unless you want to profit from it by selling not the art, but it's "genuineness". It's a fiat mindset that has no place in Bitcoin, because every sat is already genuine by definition if it's recognized by your node. No additional verification is required. NFTs bring back this convoluted process of looking for some vague truth that can't even be properly defined outside of court. Same shitcoinery as BSV basically, and it's not a coincidence that NFTs would thrive on a big block shitchain.
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Art and demand for authenticity existed long before fiat money and even the Bank of England. I am sorry, i think you have no point here.
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And people believed that Earth is flat for even longer. Just the fact that some idea was/is popular for a long time doesn't mean it's true or has actual value. As art and ownership become digital concepts this value understanding will also change. What NFT proponents do is trying to bring old concepts into the new paradigm, only to profit off of those who don't understand why it's impossible. Read the thread maybe: https://twitter.com/dergigi/status/1425202084782264326
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Why you brought this whole thread about memes? By the way, there are plenty of cases when Bitcoin community lost meme battle. This is just self-assuring mantra that bitcoin culture is relevant in global scale.
As art and ownership become digital concepts this value understanding will also change.
No, it doesn't. Methods of mass-production that many artists pioneered for broader accessibility didn't change views on master pieces.
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Why you brought this whole thread about memes?
Because it's very relevant. NFTs are "bananas on blockchain".
Methods of mass-production that many artists pioneered for broader accessibility didn't change views on master pieces
Doesn't apply to any NFTs. Only a fiat grifter would call these monkeys and other cheaply generated trash a master piece. And AI is gonna redefine art as well, it already does that. Why do all NFT prices go to zero in any terms? Is that art become less artistic or what? lol.