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(Yahoo)   What I really want out of the blockchain is an NFT for booze so I can own the concept of a bottle   (finance.yahoo.com) divider line
    More: Stupid, Johnnie Walker, Scotch whisky, famous Glasgow distillery of Port Dundas, Rare Port Dundas Master Set, consumer NFT marketplace, Scotch Whisky, Johnnie Walker partners, NFT bottle  
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441 clicks; posted to Business » on 01 Sep 2022 at 7:38 PM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



22 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-09-01 7:57:27 PM  
bLocKcHaIn!
 
2022-09-01 7:59:42 PM  
You wouldn't download a beer
 
2022-09-01 8:06:03 PM  

Rage Against the Thorazine: You wouldn't download a beer


Fark user imageView Full Size
 
2022-09-01 8:09:09 PM  

Rage Against the Thorazine: You wouldn't download a beer


Yes I would.
 
2022-09-01 8:09:41 PM  
Okay, I guess that's a thing you can do.

So, hypothetically, let's say Johnnie Walker Black is my default daily driver scotch. Any thoughts here about comparable substitutes (price point/flavor profile) that aren't involved with NFTs?

/it's my father in law's go to. I enjoy it well enough, but, I'm always looking for options, and talking scotch (whisky/whiskey, more generally) is way more interesting than talking NFTs.
 
2022-09-01 8:42:09 PM  

urethra_franklin: Okay, I guess that's a thing you can do.

So, hypothetically, let's say Johnnie Walker Black is my default daily driver scotch. Any thoughts here about comparable substitutes (price point/flavor profile) that aren't involved with NFTs?

/it's my father in law's go to. I enjoy it well enough, but, I'm always looking for options, and talking scotch (whisky/whiskey, more generally) is way more interesting than talking NFTs.


c8.alamy.comView Full Size



No idea if its good or not, and I don't drink straight liqour.  But i want it simply because the logo is adorable.
 
2022-09-01 8:50:02 PM  
Fark user imageView Full Size
 
2022-09-01 9:14:13 PM  
US Plus: Pork- by Firesign Theatre
Youtube QJxahiVlXb8

US Plus. We own the idea of America.
 
2022-09-01 9:29:52 PM  

sirrerun: [Fark user image image 425x464]


Yeah I'm definitely buying my wife an NFT of a diamond for our anniversary this year.  I'll explain to her that it's exactly the same as an actual diamond and that she just doesn't understand the technology. 

If I don't survive, it was nice knowing you all.
 
2022-09-01 9:35:26 PM  

Rapmaster2000: sirrerun: [Fark user image image 425x464]

Yeah I'm definitely buying my wife an NFT of a diamond for our anniversary this year.  I'll explain to her that it's exactly the same as an actual diamond and that she just doesn't understand the technology. 

If I don't survive, it was nice knowing you all.


make sure to tell her it remains valuable and secure through the miracle of blockchain.   Sorry, bLoCkcHaiN.
 
2022-09-01 9:36:09 PM  

Rage Against the Thorazine: You wouldn't download a beer


the hell i wouldn't
 
2022-09-01 9:46:00 PM  
This is the largest wave of NFT 'utility' after the speculative JPEG craze - memberships. Having one gives you 'access'

The crypto community IS doing it with beer - but there are places like a high-end restaurant in San Francisco and Robert Mondavi in Napa that are treating it almost exactly like a membership. I suppose the strategy is if the value goes up, they automatically get 10% of the resale value without having to manage any of the transfer themselves.

So if they sold it for 100$ - they get 100$. If it sells for 200, 300 and so on up to 1,000 (as an EXAMPLE) they would get 20 + 30 + ... etc = $540 and they don't have to do anything.

That's the theory but it still seems super inaccessible to the average person and gimmicky - especially when the buy-in is already hundreds of dollars (for the customer Robert Mondavi bottle, it's a $3,500 buy-in). Still seems to be a 'rich people showing off' thing.
 
2022-09-01 10:19:22 PM  

phedex: urethra_franklin: Okay, I guess that's a thing you can do.

So, hypothetically, let's say Johnnie Walker Black is my default daily driver scotch. Any thoughts here about comparable substitutes (price point/flavor profile) that aren't involved with NFTs?

/it's my father in law's go to. I enjoy it well enough, but, I'm always looking for options, and talking scotch (whisky/whiskey, more generally) is way more interesting than talking NFTs.

[c8.alamy.com image 850x1362]


No idea if its good or not, and I don't drink straight liqour.  But i want it simply because the logo is adorable.


The logo is adorable, but it's not great.
 
2022-09-01 10:54:16 PM  

Rage Against the Thorazine: You wouldn't download a beer


Heineken tried that one already. Since the idea wasn't atrocious enough on its own they put in in Facebook's pointless Metaverse thing.

Fark user imageView Full Size
 
2022-09-01 11:08:11 PM  

GriffXX: This is the largest wave of NFT 'utility' after the speculative JPEG craze - memberships. Having one gives you 'access'

The crypto community IS doing it with beer - but there are places like a high-end restaurant in San Francisco and Robert Mondavi in Napa that are treating it almost exactly like a membership. I suppose the strategy is if the value goes up, they automatically get 10% of the resale value without having to manage any of the transfer themselves.

So if they sold it for 100$ - they get 100$. If it sells for 200, 300 and so on up to 1,000 (as an EXAMPLE) they would get 20 + 30 + ... etc = $540 and they don't have to do anything.

That's the theory but it still seems super inaccessible to the average person and gimmicky - especially when the buy-in is already hundreds of dollars (for the customer Robert Mondavi bottle, it's a $3,500 buy-in). Still seems to be a 'rich people showing off' thing.


And it does seem especially dumb to leverage the complexity & costs of a decentralized blockchain in order to manage access to a centralized resource.

The decentralization means the restaurant & vineyard can't interfere with asset transfers. Except they have complete & necessary control over the resource that the token promises to give access to. Like everything else, the blockchain does not seem to be enabling any new or improved functionality.
 
2022-09-01 11:29:39 PM  

OccamsWhiskers: GriffXX: This is the largest wave of NFT 'utility' after the speculative JPEG craze - memberships. Having one gives you 'access'

The crypto community IS doing it with beer - but there are places like a high-end restaurant in San Francisco and Robert Mondavi in Napa that are treating it almost exactly like a membership. I suppose the strategy is if the value goes up, they automatically get 10% of the resale value without having to manage any of the transfer themselves.

So if they sold it for 100$ - they get 100$. If it sells for 200, 300 and so on up to 1,000 (as an EXAMPLE) they would get 20 + 30 + ... etc = $540 and they don't have to do anything.

That's the theory but it still seems super inaccessible to the average person and gimmicky - especially when the buy-in is already hundreds of dollars (for the customer Robert Mondavi bottle, it's a $3,500 buy-in). Still seems to be a 'rich people showing off' thing.

And it does seem especially dumb to leverage the complexity & costs of a decentralized blockchain in order to manage access to a centralized resource.

The decentralization means the restaurant & vineyard can't interfere with asset transfers. Except they have complete & necessary control over the resource that the token promises to give access to. Like everything else, the blockchain does not seem to be enabling any new or improved functionality.


Agree 100%. One of the knee-jerk phrases I see all the time for blockchain is 'a solution looking for a problem' - but that seems to pretty clearly the case with these memberships so far.

The whole things hangs on separate entities getting value from sharing the membership info. The thing so far that has a spark of curiosity for me is a partnership between an airline and a hotel chain. I've traveled a lot for work and they could NEVER get that right (if you have Platinum Ranking over here you get Blah Ranking over there.) If it was in a single spot in my wallet that I could just connect with to both sites - MAYBE there is something there.

I dunno - but, like the dot-com days, Billions are flooding into the space so I'm watching to see if something neat finally falls out.
 
2022-09-02 12:33:36 AM  
No, no, no, subby. You don't own the concept of a bottle, you own a hyperlink which goes to a web site that has the concept of a bottle.
 
2022-09-02 3:39:44 AM  

phedex: urethra_franklin: Okay, I guess that's a thing you can do.

So, hypothetically, let's say Johnnie Walker Black is my default daily driver scotch. Any thoughts here about comparable substitutes (price point/flavor profile) that aren't involved with NFTs?

/it's my father in law's go to. I enjoy it well enough, but, I'm always looking for options, and talking scotch (whisky/whiskey, more generally) is way more interesting than talking NFTs.

[c8.alamy.com image 850x1362]


No idea if its good or not, and I don't drink straight liqour.  But i want it simply because the logo is adorable.


I don't care if my whiskie tastes like wet dog either, as long as it gets me drunk.
 
2022-09-02 9:09:16 AM  

Rapmaster2000: sirrerun: [Fark user image image 425x464]

Yeah I'm definitely buying my wife an NFT of a diamond for our anniversary this year.  I'll explain to her that it's exactly the same as an actual diamond and that she just doesn't understand the technology. 

If I don't survive, it was nice knowing you all.


https://siliconangle.com/2022/09/01/ethereum-merge-coming-change-everything-crypto/
 
2022-09-02 9:09:38 AM  

Thank You Black Jesus!: Rapmaster2000: sirrerun: [Fark user image image 425x464]

Yeah I'm definitely buying my wife an NFT of a diamond for our anniversary this year.  I'll explain to her that it's exactly the same as an actual diamond and that she just doesn't understand the technology. 

If I don't survive, it was nice knowing you all.

make sure to tell her it remains valuable and secure through the miracle of blockchain.   Sorry, bLoCkcHaiN.


Oops

https://siliconangle.com/2022/09/01/ethereum-merge-coming-change-everything-crypto/
 
2022-09-02 9:10:35 AM  

GriffXX: OccamsWhiskers: GriffXX: This is the largest wave of NFT 'utility' after the speculative JPEG craze - memberships. Having one gives you 'access'

The crypto community IS doing it with beer - but there are places like a high-end restaurant in San Francisco and Robert Mondavi in Napa that are treating it almost exactly like a membership. I suppose the strategy is if the value goes up, they automatically get 10% of the resale value without having to manage any of the transfer themselves.

So if they sold it for 100$ - they get 100$. If it sells for 200, 300 and so on up to 1,000 (as an EXAMPLE) they would get 20 + 30 + ... etc = $540 and they don't have to do anything.

That's the theory but it still seems super inaccessible to the average person and gimmicky - especially when the buy-in is already hundreds of dollars (for the customer Robert Mondavi bottle, it's a $3,500 buy-in). Still seems to be a 'rich people showing off' thing.

And it does seem especially dumb to leverage the complexity & costs of a decentralized blockchain in order to manage access to a centralized resource.

The decentralization means the restaurant & vineyard can't interfere with asset transfers. Except they have complete & necessary control over the resource that the token promises to give access to. Like everything else, the blockchain does not seem to be enabling any new or improved functionality.

Agree 100%. One of the knee-jerk phrases I see all the time for blockchain is 'a solution looking for a problem' - but that seems to pretty clearly the case with these memberships so far.

The whole things hangs on separate entities getting value from sharing the membership info. The thing so far that has a spark of curiosity for me is a partnership between an airline and a hotel chain. I've traveled a lot for work and they could NEVER get that right (if you have Platinum Ranking over here you get Blah Ranking over there.) If it was in a single spot in my wallet that I could just connect with to both sites - MAYBE there is something there.

I dunno - but, like the dot-com days, Billions are flooding into the space so I'm watching to see if something neat finally falls out.


Tune in
Turn on

https://siliconangle.com/2022/09/01/ethereum-merge-coming-change-everything-crypto/
 
2022-09-02 12:09:50 PM  
Stop spamming the thread with the same link, child. It had nothing to do with the comments of 2 of the 3 people you responded to.

Perhaps you could instead submit the article to the Fark mods? Oh wait, contributing a topical article with a clever headline is something you've been incapable of for the 14 years you've been on the site.
 
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