Libre Blockchain

2021-06-21 02:01:57 Ethereum Smart Contracts are Useful - Their Implementation Sucks

Offering another currency on top of a currency may be one of the dumber concepts ever introduced in this space.

If there is no underlying asset or finite value (in the underlying blockchain, like Ethereum), then the tokens produced are inherently worthless.

If the tokens are being sold for some amount of money but cannot be directly redeemed for that same amount (or anything else of any tangible value), then you're being sold a ponzi.

There are a considerable # of projects that fall into that category and that's another reason for why this space has been cratering the way it has over the past few weeks (this is a bear market btw in case you were in denial about that).

Greed Stifles Ethereum

Plain and simple. Its a lot easier and (falsely) considered to be more profitable to cook up a scheme that requires the use of some token that you have to back said scheme and then leverage that as your reason for receiving millions of dollars from people that don't even give a fuck about what the token is for - they're just hoping to get in "early enough" to virtually guarantee profit when they eventually dump. Open / Comment

2021-06-21 01:56:55 There are Ways You Could Stamp Permissions to Digital Artwork This is as good as its going to get when it comes to this realm of things (sorry Charlie). But since we're using the internet, there's a file format out there called 'svg'. An SVG describes… Open / Comment

2021-06-21 01:46:28 There are Ways You Could Stamp Permissions to Digital Artwork

This is as good as its going to get when it comes to this realm of things (sorry Charlie).

But since we're using the internet, there's a file format out there called 'svg'. An SVG describes a photo using XML. All modern computers & devices are able to render this file format to a gif or a lossless vector image.

Files in this format can be 'minified' or perhaps encoded in another way that significantly reduces the attached transaction size.

Why the SVG Recommendation

Rather than pointing to a URL (which actually requires that the URL exist forever), you can instead encode the image within the transaction itself.

Hell, if you're smart enough you'll switch from ecdsa to ed25519 (like I recommended Bitcoin do), which would allow you to actually encrypt the image to the recipient and sign it too. This is a lot more 'bulky' and difficult to implement in the current setup that Ethereum, Bitcoin Cash, Bitcoin, and Litecoin use.

Ripple actually would be okay to implement this since they also use Edwards' Curves.

The signature associated with the transaction could be provided as someone's proof of having licensed the digital asset fairly. Assuming this was embedded / encoded in the picture (using steganography that encodes a deterministically generated, yet random string related to the transaction itself), then the artist licensing the content would be able to quickly tell whether any image on the internet (that looks like theirs) has been uploaded w/o permission or not.

There are some profound copyright / trademark protection capabilities laden in blockchain that aren't even being touched or explored right now. And that's a shame. Open / Comment

2021-06-21 01:36:21 The irony of NFTs is that they're actually inferior to good old-fashioned copyright in every way, shape and form.

1. If you're using a platform like OpenSea, Rarible, etc., then you need to make sure you actually check the Terms and Conditions. Because if you live in the United States, the 'publisher' is the site itself - not your profile on the website. Therefore, unless they grant all users that post ownership over their content, then the site actually owns your artwork (the rights to it).

2. There is nothing inherent in an "NFT" transaction that transfers the rights of a photo from one individual to another. Unless you're passing along a contract or some sort of Terms and Conditions with these purchases / sales of NFTs, then you're essentially paying money to be sent an image that's tied to your address in a pretty centralized manner (i.e., through the backend of a website that's logged that NFT to the corresponding transaction and recipient wallet).

NFTs are not on the fucking blockchain. This idea is starting to get on my nerves because the blockchain is public and there's actually no excuse for this level of ignorance about how they work.

There's nothing inherent in your transaction that would allow you to actually argue you ever paid for any artwork. Which is profound when considering the fact that for this to be true, NFTs must be failing to meet the threshold for what would qualify as a "receipt" (because the item you "purchased" is not concretely identified in the transaction). Open / Comment

2021-06-21 01:32:45 Going Back to Stand on Why NFTs are a Scam

We've established in here before that the concept of a digital image (or artwork) being impossible to duplicate is, itself, an impossible feat.

There is no way for someone to simultaneously show a digital image to an individual whilst retaining exclusivity over said image. Open / Comment

2021-06-19 16:24:19 Anybody leaving this channel is an absolute idiot. Going to go ahead and pin that in here just to make that abundantly clear. More than likely you're someone that's lost a ton of money on the markets and you're in over your head even being in this space.… Open / Comment

2021-06-19 16:18:03 Anybody leaving this channel is an absolute idiot.

Going to go ahead and pin that in here just to make that abundantly clear.

More than likely you're someone that's lost a ton of money on the markets and you're in over your head even being in this space.

Too many weak-minded people that are in this blockchain space that are honestly creating pollution worse than what we could ever hope for from miners.

Apologies to everyone in here for letting these idiots degrade the quality of this chat. Open / Comment

2021-06-19 05:27:36 Imagine being an ardent supporter of an ecosystem that's proud to call this guy their chairman for several years running Open / Comment

2021-06-17 20:02:21 Condemning Bitcoin Promoters There are a ton of individuals in the blockchain space that are promoting desperate ideas about Bitcoin. One such example can be found at https://twitter.com/ministryofnodes If you feel like wasting some of your time today… Open / Comment

2021-06-17 19:56:52 Condemning Bitcoin Promoters

There are a ton of individuals in the blockchain space that are promoting desperate ideas about Bitcoin.

One such example can be found at https://twitter.com/ministryofnodes

If you feel like wasting some of your time today, you can go over and checkout their page on Twitter. Their bio states that they are, "Empowering Financial Sovereignty with Bitcoin Education", which is already pretty presumptuous as is - but perhaps they're just enthusiastic.

Let's visit their website (you'll find the link there).

Upon arrival, the site puts forth two ludicrous ideas (re-published below):

- "Using Bitcoin won't be a choice in the longer term."

- "The world is repricing into Bitcoin and this will be a huge wealth transfer in favour of Bitcoin holders, so get ahead of it and learn now." Open / Comment