South Africa filed an 84 page detailed account of the genocide in the ICJ. Citing sources. The vast majority of scholars of genocide agree it is a genocide. It’s not hard unless you are a Hasbara-bot (sorry to call you out my robot friend). Head of back to your programmers at AIPAC. Maybe twitter is more to your liking? In any case, y’all infect every other corner of the media. Get of the fediverse.

Leave. New users don’t need to see your genocidal propaganda.

You are right on. The idea of artificial scarcity is a scam. I replied to someone a little higher up about the securities use case, but the short version of that is, for things like stock in a company, stocks are already scarce (there are only as many shares as the company issues - or there is only supposed to be that many). It’s the scarcity of the underlying asset, not the “digital” aspect of it, that creates value. Each share is issued by the company as a single NFT token and there are only as many NFTs as they issue shares.

You wrote all that out and didn’t really think about what you wrote, because you actually proved my point. Yes, they are the same thing, but the difference is one has no value (a digital picture of a monkey) and one has value (a stock in, say, Apple). UNLIKE FTX - the tokenized securities that would be verifiable would be issued directly by the company, so each stock the company issues is done so as an NFT token. You can verify whether it is the company’s actual stock or not because it is an NFT, so it would be traceable all the way back to the company and its initial issuance.

Consider what it is like buying one share of Apple today. Think about it. If you buy one share of Apple from Schwab or something, how do you know you actually received on share of Apple? It says you have one share on the Schwab site, but you are just taking their word for it, and they are taking their brokerages word for it, and they are taking the market makers word for it, and they are taking . . . . In fact, in most cases you don’t even own that stock (you can find out based on how you are taxed when the company issues a dividend - if it is a qualifying dividend, but you owe normal income taxes on it, congratulations, you never even owned the share). Our entire current “mainstream” stock market is based on beneficial ownership, which is the biggest “trust me bro” in history.

However, if the transaction was done on an open, distributed ledger, it is wholly verifiable. NFT goes directly from company to each owner and the entire transaction history is visible, verifiable, and instantaneous.

It’s called a metaphor. We use them to illustrate things people are not familiar with with references to things they may be familiar with. I don’t really get why you won’t really engage with what I’m saying and just want to “nuh-uh” everything. I don’t own or trade in NFTs, and never have, and definitely think both they are blockchain have been overhyped, just like AI is being overhyped right now, but that does not mean that there aren’t actual, real world uses for these things that are major improvement over how things work now. The unsexy use cases for NFTs (using them for things that are currently traded or otherwise transferred digitally with manual, disconnected, and/or opaque back-ends) is likely the one that will endure, just like everything else.

There are tons of people (actual serious people, not like SBF) working in this space and building these things now, so they are definitely more than theoretical, but they are not at the mass adoption stage.

And no offense, but this response has echoes of people saying federation would never work. But it’s just a different utility to accomplish similar goals to centralized forums. And when the old-fashioned, centralized alternatives really start to self-destruct because of their inherent flaws, the merits of the decentralized version become more obvious.

I’m actually pretty shocked that Lemmy/the Fediverse beats the same tired old drums about NFTs (ape jpegs being the most obvious), since they are red herring arguments. A tokenized jpeg has no value because a jpeg has no value. A tokenized security has the value of the underlying security. The token is just there to eliminate the need for accountants since the open ledger shows its work and the entire chain of custody.

There is a lot of talk, for example, in the sustainability space where things like emissions allowances, carbon offsets, etc. are traded the old fashioned way where a digital ledger using NFTs would be both instantaneous and transparent/easily auditable.

But the most obvious example is security exchanges, e.g. stocks, bonds, etc. (which would be a massive threat to the existing financial institutions) because it could allow for instantaneous settlement and fully transparent markets.

HUGE HOWEVER, not all NFT systems would be equally useful for that kind of thing. What we saw with FTX, for example, was a blockchain exchange for tokenized securities where the blockchain aspects served no real useful purpose - it was a centralized, controlled, opaque use case. The distributed ledger model (which I think casual observers of blockchain assume all blockchain systems are) can correct for those failures. I personally think part of what made the FTX story so big was a combination of moves by major financial market players to get out in front of tokenization of securities by created the existing system again but with a blockchain coat of paint on top that then failed under its own scam at lightning speed which then gave the ammo to a whole “blockchain a scam, NFT an even bigger scam” narrative. They are just software utilities that can be used effectively or not just like any others.

Whenever I see someone identify a jpeg as an NFT, or put SBF’s face on a news story about it, I think about how successful the astroturfing of these narratives has been.

Basically anything that is currently traded on any digital or quasi-digital exchange but relies ultimately on a paper/manual backend.

Seriously? This whole thread (and arguably the meme itself) misidentifying Ulysses S. Grant as William T Sherman? We can do better than this y’all.

If they are in the ground they only need one good watering a week after they get established. In containers you need to water more.

Philadelphia would like to have a word

Now that you’ve noticed the PR industry, you may realize that basically every article is fawning of its subjects in this way these days

Yeah, this particular stat suffers from being incredibly confusing.

Maybe it works better as a graphic or something.

Or if you propped up some life-sized extra planets in space to show us how many more earths we need.

RIP AV Club

Here I was thinking we didn’t need awards and the like, but minds change