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(Yahoo)   People are selling "digitally authenticated" clips that are freely available on Youtube for thousands of dollars   (news.yahoo.com) divider line
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1084 clicks; posted to Business » on 28 Feb 2021 at 3:05 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



22 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-02-28 1:36:36 AM  
"The technology is better than the offline world stuff," said Poland. "I mean, there are fake Picasso's out there, there are fake Van Gogh's out there (whereas) these are confirmed to be real."

if you handed this in to a philosophy professor it would cause the entire building to explode
 
2021-02-28 2:47:14 AM  
"I totally understand the initial reaction of 'I don't get it' or 'This seems stupid,'" Jonathan Bales, who spent $35,000 for one "moment," wrote on his Lucky Maverick blog.
"But guess what? There's a whole generation of young, smart people who've grown up in a fundamentally different way from me and you, so whether or not we 'get' the future is irrelevant to how it will transpire."


I have obviously become old and stupid, cos this just reeks of ponzy-scheme, or money laundering, to me. "Only the smartest of you will make money from this" (the rest of you enjoy your ridiculously expensive 20 second youtube clips!)

That said, I'd kinda like the idea of buying some dark-web drugs with a digitally signed copy of Never Gonna Give You Up by Rick Astley
 
2021-02-28 3:09:51 AM  

uttertosh: "I totally understand the initial reaction of 'I don't get it' or 'This seems stupid,'" Jonathan Bales, who spent $35,000 for one "moment," wrote on his Lucky Maverick blog.
"But guess what? There's a whole generation of young, smart people who've grown up in a fundamentally different way from me and you, so whether or not we 'get' the future is irrelevant to how it will transpire."

I have obviously become old and stupid, cos this just reeks of ponzy-scheme, or money laundering, to me. "Only the smartest of you will make money from this" (the rest of you enjoy your ridiculously expensive 20 second youtube clips!)

That said, I'd kinda like the idea of buying some dark-web drugs with a digitally signed copy of Never Gonna Give You Up by Rick Astley


Salma Hayek Dusk til Dawn dancing clip autographed in cocaine.

I think I'm doing it right?
 
2021-02-28 3:09:56 AM  

uttertosh: "I totally understand the initial reaction of 'I don't get it' or 'This seems stupid,'" Jonathan Bales, who spent $35,000 for one "moment," wrote on his Lucky Maverick blog.
"But guess what? There's a whole generation of young, smart people who've grown up in a fundamentally different way from me and you, so whether or not we 'get' the future is irrelevant to how it will transpire."

I have obviously become old and stupid, cos this just reeks of ponzy-scheme, or money laundering, to me. "Only the smartest of you will make money from this" (the rest of you enjoy your ridiculously expensive 20 second youtube clips!)

That said, I'd kinda like the idea of buying some dark-web drugs with a digitally signed copy of Never Gonna Give You Up by Rick Astley


I am sure someone like the President of the United States (or some other high-ranking scientist) could give a more comprehensive explanation of the situation, but a couple of months ago, I started hearing how the YouTube bums were doing videos telling people how great the Pokemane cards are, and by mere coincidence, the price of the cards has begun to skyrocket.

Given that there has been a run on the market for anything that would be considered vaguely speculative -- sports cards, Bitcoins, classic issues of Woman's World -- I am going to mostly assume that the internet is now being used to manipulate the collectibles market, just as it can be used to influence political opinion or elections or whatever.

And to be kind of honest, I ain't gonna lie, if you aren't buying up classic issues of Woman's World, then there's something absolutely wrong with you, I think that by 2022, the average issue of Woman's World is going to be going for three- and four-figures.  Buy before it's too late to find out how Roberta lost 75 pounds eating nothing but cake frosting and raw meat.
 
2021-02-28 3:50:06 AM  

Mike_LowELL: uttertosh: "I totally understand the initial reaction of 'I don't get it' or 'This seems stupid,'" Jonathan Bales, who spent $35,000 for one "moment," wrote on his Lucky Maverick blog.
"But guess what? There's a whole generation of young, smart people who've grown up in a fundamentally different way from me and you, so whether or not we 'get' the future is irrelevant to how it will transpire."

I have obviously become old and stupid, cos this just reeks of ponzy-scheme, or money laundering, to me. "Only the smartest of you will make money from this" (the rest of you enjoy your ridiculously expensive 20 second youtube clips!)

That said, I'd kinda like the idea of buying some dark-web drugs with a digitally signed copy of Never Gonna Give You Up by Rick Astley

I am sure someone like the President of the United States (or some other high-ranking scientist) could give a more comprehensive explanation of the situation, but a couple of months ago, I started hearing how the YouTube bums were doing videos telling people how great the Pokemane cards are, and by mere coincidence, the price of the cards has begun to skyrocket.

Given that there has been a run on the market for anything that would be considered vaguely speculative -- sports cards, Bitcoins, classic issues of Woman's World -- I am going to mostly assume that the internet is now being used to manipulate the collectibles market, just as it can be used to influence political opinion or elections or whatever.

And to be kind of honest, I ain't gonna lie, if you aren't buying up classic issues of Woman's World, then there's something absolutely wrong with you, I think that by 2022, the average issue of Woman's World is going to be going for three- and four-figures.  Buy before it's too late to find out how Roberta lost 75 pounds eating nothing but cake frosting and raw meat.


Never stop being you, Mike! XD
 
2021-02-28 5:40:31 AM  
My first reaction to this is "money laundering, ponzi scheme, tax dodge, scam.

But I thought the exact same thing about Bitcoin, and I have the (apparently rare) ability to learn from my mistakes. So I'm withholding judgement here.

The big problem here is the carbon footprint of blockchain. Its unsustainable. The height of irony; in an era when we're trying to invent cars and trucks that won't harm the planet, we've come up with a computer record keeping method that could destroy it.
 
2021-02-28 6:27:34 AM  
Lol.. good luck with that.
 
2021-02-28 7:46:20 AM  
People are selling "digitally authenticated" clips that are freely available on Youtube for thousands of dollars.


Makes sense like this:
People are selling "digitally authenticated" clips for thousands of dollars that are freely available on Youtube.

Or if you must:
People are selling "digitally authenticated" clips, that are freely available on Youtube, for thousands of dollars.
 
2021-02-28 7:51:42 AM  
I pay full price for Kindle Books, even though I'm on a Prime account and can read them for free.  Dual benefit, I own the content for my use, until I die.  The author is supported, at a higher percentage of my payment.

Paying money to Dapper Labs and the NBA?  A collection of billionaire owners and millionaire players, who already fund themselves quite well through advertising, ticket sales.  It just seems baffling.

Meh, it's not my money.
 
2021-02-28 9:04:55 AM  

brainlordmesomorph: My first reaction to this is "money laundering, ponzi scheme, tax dodge, scam.

But I thought the exact same thing about Bitcoin, and I have the (apparently rare) ability to learn from my mistakes. So I'm withholding judgement here.

The big problem here is the carbon footprint of blockchain. Its unsustainable. The height of irony; in an era when we're trying to invent cars and trucks that won't harm the planet, we've come up with a computer record keeping method that could destroy it.


Depending on how you deploy the blockchain platform determines if there is a carbon footprint impact.  Blockchain at it's core is essentially digital signatures.  Limit the "mining network" to just a handful of nodes it has minimal impact beyond basic digital signatures.  Bitcoin is particularly horrible because the size of the mining network is self selecting, and the larger the number of miners, the less each gets.  Most public ledger platforms (which TFA is), there's only the scammer or the end user that put resources into the platform, as the value is the knowledge the data was verified at various points along the way.

Now unless the purchaser get controlling rights over whatever "digitally authenticated" media clip (ie. the original clip) they're all just being taken for suckers.  It's collectable coins from the Franklin mint.  And the rest of us will look at those that like that stuff with bewilderment, and maybe a bit of jealousy that we hadn't figured out how to take this idiot for all he's got.
 
2021-02-28 9:12:57 AM  
I am selling a 'digitally authenticated' copy of this Fark thread.

Opening bid starts at $250,000.

You may commence with your offers, but this only applies to the smartest of you.
 
2021-02-28 10:00:06 AM  

Ker_Thwap: I pay full price for Kindle Books, even though I'm on a Prime account and can read them for free.  Dual benefit, I own the content for my use, until I die.  The author is supported, at a higher percentage of my payment.

Paying money to Dapper Labs and the NBA?  A collection of billionaire owners and millionaire players, who already fund themselves quite well through advertising, ticket sales.  It just seems baffling.

Meh, it's not my money.


First thing I do when I buy a Kindle book is strip the DRM and backup the file. You don't own content if it includes DRM.
 
2021-02-28 11:27:15 AM  
What good is having millions of dollars worth of bitcoin if you can't spend it on anything? The spending is the fun part.
 
2021-02-28 11:46:11 AM  
I paid $40k for this certified genuine image.
Fark user imageView Full Size
 
2021-02-28 12:11:23 PM  

Russ1642: Ker_Thwap: I pay full price for Kindle Books, even though I'm on a Prime account and can read them for free.  Dual benefit, I own the content for my use, until I die.  The author is supported, at a higher percentage of my payment.

Paying money to Dapper Labs and the NBA?  A collection of billionaire owners and millionaire players, who already fund themselves quite well through advertising, ticket sales.  It just seems baffling.

Meh, it's not my money.

First thing I do when I buy a Kindle book is strip the DRM and backup the file. You don't own content if it includes DRM.


I've done that to some 3,000 songs I purchased back at the advent of the internet.  I should really get around to doing it to the book files as well, someday when I'm feeling less lazy.
 
2021-02-28 12:54:26 PM  
The video sequence is an "NFT" -- a Non-Fungible Token -- a virtual object whose identity, authenticity and traceability are theoretically indisputable and tamper-proof, thanks to the same "blockchain" technology used to ensure the security of cryptocurrencies like the hugely popular bitcoin.

Sucker: But it's got blockchain! Does the Youtube clip have blockchain? I think not!
Non-sucker: Do you even know what blockchain is?
Sucker: Shutup!
 
2021-02-28 1:49:05 PM  

Mike_LowELL: uttertosh: "I totally understand the initial reaction of 'I don't get it' or 'This seems stupid,'" Jonathan Bales, who spent $35,000 for one "moment," wrote on his Lucky Maverick blog.
"But guess what? There's a whole generation of young, smart people who've grown up in a fundamentally different way from me and you, so whether or not we 'get' the future is irrelevant to how it will transpire."

I have obviously become old and stupid, cos this just reeks of ponzy-scheme, or money laundering, to me. "Only the smartest of you will make money from this" (the rest of you enjoy your ridiculously expensive 20 second youtube clips!)

That said, I'd kinda like the idea of buying some dark-web drugs with a digitally signed copy of Never Gonna Give You Up by Rick Astley

I am sure someone like the President of the United States (or some other high-ranking scientist) could give a more comprehensive explanation of the situation, but a couple of months ago, I started hearing how the YouTube bums were doing videos telling people how great the Pokemane cards are, and by mere coincidence, the price of the cards has begun to skyrocket.

Given that there has been a run on the market for anything that would be considered vaguely speculative -- sports cards, Bitcoins, classic issues of Woman's World -- I am going to mostly assume that the internet is now being used to manipulate the collectibles market, just as it can be used to influence political opinion or elections or whatever.

And to be kind of honest, I ain't gonna lie, if you aren't buying up classic issues of Woman's World, then there's something absolutely wrong with you, I think that by 2022, the average issue of Woman's World is going to be going for three- and four-figures.  Buy before it's too late to find out how Roberta lost 75 pounds eating nothing but cake frosting and raw meat.


Way ahead of you, ML, still got my Pogs, Cabbage Patch kids and Beanie Babies stored away, my retirement is secure!
 
2021-02-28 2:44:20 PM  
there are people on eBay that pay hundreds of dollars for sneakers they will never wear. there's too much money is all.
 
2021-03-01 4:09:15 AM  

Badmoodman: People are selling "digitally authenticated" clips that are freely available on Youtube for thousands of dollars.


Makes sense like this:
People are selling "digitally authenticated" clips for thousands of dollars that are freely available on Youtube.

Or if you must:
People are selling "digitally authenticated" clips, that are freely available on Youtube, for thousands of dollars.


It's stupid unless you also get the copyright to the clip, exclusively.  Then a 20 second unique video might be worth thousands if you can demand payment for anyone to see or use that clip.
Also, they admit to selling multiples of the clips, does the company agree not to continue to create additional copies in the future?
And the transaction fees, how much are they?  For some reason TFA left out that fact.
 
2021-03-01 5:55:00 AM  
Fark user imageView Full Size
 
2021-03-01 10:12:03 AM  
One born every minute.

I'm guessing this caters to the trust fund kid sports bro crowd, who probably also spend $40k/yr on sneakers.

media1.giphy.comView Full Size
 
2021-03-01 3:53:14 PM  
I wonder if I can trade some of my late 1980's and early 1990's baseball cards for them.   Perhaps those rare cards with holograms and other counterfeit-security features.
 
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