Bitcoin launched their version of NFT's today. what a disaster. Web3 Crypto fails

[@gazpitchy]

As a senior software engineer, code is law to me only makes sense if you have absolutely no idea how development of software works.

[@Jokoko2828]

It'd make sense if code was made by some divine unfallible will, but code is made by people and people tend to make mistakes.

[@blakksheep736]

As a self-taught programmer, same.

[@grayaj23]

It doesn't make sense from a legal perspective either. Part of contract law involves a review of the contract to make sure its terms are fair. it's possible to write a contract that makes sense at face value but either intentionally or unintentionally has pretty horrific consequences if followed to the letter. I understand the idea that two parties can agree to follow the code wherever it leads, but a contract is fundamentally grounded in good faith. If one of the parties can be proven to have acted in bad faith, there simply is no contract regardless what the document says or who signed it. So even if "code is law", there still has to be an opportunity for human review after-the-fact. As much as it's a fundamental misunderstandign of the "code" part, it's equally a misunderstanding of the "law" part. And, of course, there's the Bill Clinton lawyer who famously said "That depends on what the meaning of 'is' is".

[@jordixboy]

As a self taught engineer. Have to agree.

[@carlphilippgaebler5704]

I mean. From what I hear about how law actually works sometimes... It's actually NOT a bad analogy at all lmao

[@OscarSommerbo]

This also a teachable moment for "free market" advocates. web3 and crypto in general is a perfect example of an unregulated money market.

[@wymarsane7305]

That's not even free market. Regulations like anti-trust and consumer protection laws can make the market infinitely more free by allowing people to freely buy and sell stuff without having their hands forced by malicious actors.

[@ruffethereal1904]

@@wymarsane7305 The definition of "free market" on Google is "an economic system in which prices are determined by unrestricted competition between privately owned businesses." Adding regulations and consumer protections immediately disqualifies it from being a free market, by definition.

[@24Coup]

Sure, bozos lose their money 👍🏼

[@OscarSommerbo]

@@ruffethereal1904 Indeed. And there are quite a lot of capitalists that think that is how the market should be. While the smart capitalists know that governmental control means they can defray some costs to the taxpayers.

[@OscarSommerbo]

@@24Coup Yeah. And that is a bad thing.

[@CainXVII]

I got an ad to literally buy gold, and directly afterwards Callum said "look how dodgy this is"

[@93izak]

NFT and Crypto may not be the future of finance but it sure is the future of entertainment . Nothing more entertaining than seeing crypto Brosnan taking L's

[@BlazeMakesGames]

More like the present of entertainment

[@Mikanoshi]

It is, but not all financial products are created equal, not all of them will survive.

[@stage6fan475]

😆😆😆🤣

[@danieljohnston2379]

I wonder how these guys hold back from coming these videos and trying to defend themselves. I know it's mean but I want to see some arguing from them so it can be stomped out 😮

[@durshurrikun150]

@@Mikanoshi Keep coping

[@lunaangeleclipse9745]

kind of fascinating that bitcoin waited until NFTs did an Olympic-level nose dive to launch this feature

[@LocallyHosted]

"My code is never right first time" Man I know that feeling, I implemented a bulk insert stored procedure for a DB today with an API call to upload thousands of records at a time. Tested it with 5,000 records, ended up adding 250,000 rows to the DB because I forgot to clear the list of batched records I was sending to the DB after each successful execution. Ending up locking up the DB for like 3 minutes while it executed, people were not happy with me 😂

[@Schtiffles]

Bro why were u testing that on a production db lmao

[@bellissimo4520]

Sounds like an enforced coffee break; I don't see the problem with that.

[@BlinkyLass]

@@Schtiffles Maybe it was a shared test environment. Hopefully. 🤔

[@LocallyHosted]

@@BlinkyLass Yeah it was a dev environment thankfully, my co workers didn't appreciate the downtime though 😂

[@HandFromCoffin]

If my code was law... we'd all be dead!

[@fable23]

I knew bitcoin was slow, but I didn't realize the lag was _this_ bad.

[@psyboyo]

Only 8 minutes? I haven't finished my popcorn.

[@rorysparshott4223]

My guess for the request to send back was as an offer of amnesty. That being said, the flaw you mention wrt "Code is Law" is absolutely true, and terrifying.

[@ollllj]

any "code is law" claim is a lie because - Law never works like that, law not fully automated. this is not law. it just pretends to be. Law by definition is too abstract to be reasonably condensed to automation. - cryptocurrency could not care less about legality, any reference to "law" is pretentious virtue signaling. no cryptocurrency code has any authorative-contract-significance in any court of law. - code within cryptocurrency is inherently monopolistic by design, and almost certainly flawed in logic and consistency and safety, due to utter incompetence.

[@ZeoHidra]

I'm pretty sure they don't actually know who it is and it's just an attempt to look like they're still in control. I've seen a few role-play server troll videos where the mods say they know who's illegally spawning in vehicles and "give them a chance to come clean" but then the guy just makes more and all the mods do is make more empty threats.

[@julian5956]

Or the person is in a country where taking them to court is basically impossible or not going to be successful

[@Ewerboweski]

My brother and I debate on the merits of crypto and such weekly. He refuses to tell me the crypto guys he listens to. But my goodness he has already so stuck in with it all. Greedy or twisted seems to be the playbook they feed on.

[@Rietto]

It's just MLM for neckbeards. Oldest scam ever.

[@TheBigYC]

I mean crypto has uses in countries with high economic volatility, preventing taxes and other niche situations. If he has solid plan for buying and selling he can make some money out of it.

[@nonna_sof5889]

@@TheBigYC Preventing taxes? So tax evasion? The IRS would like a word with you.

[@TheBigYC]

@@nonna_sof5889 I'm not from USA, I wouldn't evade taxes on real countries tho. If you travel to some countries, using crypto can be good both to you and the locals.

[@DanielDroegeShow]

Some people are into crypto for the money and some are in it for the consumer rights. Such as ownership, privacy, banking, and corporate transparency.

[@KamilDrakari]

I'm still confused that blockchains can even be "updated" at all. Isn't the whole point that they're "decentralized" and thus there's no central authority that can mess with what you "own"?

[@MeriaDuck]

They can as long as a majority of miners can be convinced to run the new version.

[@rav3style]

Forks galore

[@johnr797]

​@Sara Øverby people vastly overestimate the safety of purely digital storage. It's scary how many things are never physically printed these days, how much knowledge would be lost if there was some sort of mass EMP or solar flare or whatever else that took down the internet. People just assume there are backups and contingencies for everything, when it's simply not the case.

[@simonwahlen7150]

As far as I can tell from some quick checks of it. The ledger, the actual block chain which is an append only list of all past transactions can't be changed (unless you do some really drastic changes that basically makes it no longer the same block chain). However the protocoll for how you do future transactions and transfers can be updated by a consensus. So while it is harder to change the past list of transactions and would basically mean that you fork the chain a rule change in how future transactions take place can be made if a consensus of miners agree on it. It's a feature so they can add new functions, patch out exploits and update it for new hardware. But yes this means that people can if they controll the majority of the voting mechanism for the blockchain make arbitary rule changes.

[@danieljohnston2379]

​@@johnr797 the ammount of money we all pay living in the western world, you'd think our countries *do* have everything backed up. If they dont, its just more misuse of taxpayer money. The presumption that all this digital information is backed up by someone, I believe, is a reasonable one to make.

[@UranusKiller]

Still love that pic of you blinding yourself in one eye out of facepalm levels of frustration. This series has been great. I've learned more than I ever cared to, and laughed more than I ever expected. Absolutely loving watching this all burn in real time!

[@Zabasu]

just asking, are tehre any news on Earth 2 ? i never heard anything about it in Ages

[@theApeShow]

🤣 ^ This

[@Albatorwow]

I need my earth 2 "look and laugh while pointing at it" fix 😬😬😬 Or are they pulling the rug right now? I MUST KNOW!

[@daiyaga7675]

They released a "gameplay" video where they run around and look at things (clearly the future of gaming), and added more ways to gather and trade shit that still doesn't have any use. In other words, there's nothing.

[@RobinSylveoff]

how do they manage to speedrun being exploited so quickly

[@ruffethereal1904]

Greed. And willful ignorance. A lot of them only see the dollar signs and buy in to the "you don't need to understand it, it just makes money!" marketing. Fools and their fortunes being easily parted, and all that.

[@mbarker_lng]

Its ironic that whenever I watch a video about crypto scams, the lead ads and interrupt ads are for crypto scams.

[@zanec14]

"There's a sucker born every minute... and all of them are crypto bros."

[@JennFaeAge]

I'm glad Bitcoin decided to get on the NFT bandwagon as the market was falling apart, real innovators right there...

[@nameless5413]

Ah yes when someone smugly declares something is perfect in some way it attracts attention of those who actualy know what they are doing. seems to me that NFTs have managed to find themselves upon prooving grounds of public's code knowlidge and flunked, like many before, because no code is perfect and no one is immune to clever code breaker brainy boys

[@Tnscla]

Looks like the fallout 76 dev room bug email lol

[@TwoThousandStu]

If this is a test, and it basically took 5 seconds to hack the thing, the test has already failed. Might as well shut it down.

[@FuelDropforthewin]

So the most crypto thing to do would be to have Chat GTP be the one writing their tweets.

[@Darkwolfe73]

"..will be open 24 hours, or shorter if it goes well." _Or_ much, much shorter if it doesn't go well. Case in point. Well done! Well done.

[@dylanherron3963]

"For product/service inquiries, or to get in contact with a customer service representative, JOIN OUR DISCORD!" What an idiotic stance.

[@ollllj]

at least bitcoin is not lying about the extreme fungibility of all NFTs, which is a huge misnomer. i call that minor progress.

[@jrandula]

Funny i have yet to see cryptobro being capable of actual good run on market. Not just rugpulls, hacks and in general total incompetence.

[@gregoriustechneticies7873]

what a joyous 2 weeks

[@moriakpotato]

There is no apostrophe in "NFTs".

[@LilacMonarch]

I don't know why people put apostrophes in plurals like that it's weird

[@ssvensic]

Code is law makes sense if you don't understand code nor law

[@persmestari]

Code is lawn.

[@LilacMonarch]

And it got mowed

[@HoneyHeartstrings]

On the fourteenth day of Grift-mas Callum showed to me~

[@CoffeeForAll]

Were they actually hacked though? Far too often people use that word, when what they are actually referencing is an exploit or hijacking.

[@madaggar9765]

The type of people that think "code is law" is a good idea won't know the difference.

[@LilacMonarch]

@@madaggar9765 They are 100% the type of people that would say their friend posting on their Twitter they left signed in was "hacked".

[@_Russ]

Crypto's "Code Is Law" only requires you to be correct... eventually. Hopefully, before you deploy to the main net. But, every blockchain has a testnet where these failures should be happening on.

[@r7calvin]

For nontrivial systems, that's still a very tall order. E.g. developers may think they've finally secured their software, but any day a brand new category of vulnerabilities could be discovered that no programmer had ever considered up until that point. And there's no testing methodology that can really prove that your code is 100% correct.

[@oliver_twistor]

@@r7calvin Indeed. While developers need to find every vulnerability, attackers only need to find one. And they will find one, it's just a matter of time and dedication.

[@lefterismplanas4977]

Always happy for fresh entertainment

[@After_Pasta]

Code is law doesn't mean you keep bad code --- I was around when the ethereum split happened both sides agreed their was issues the whole point of code is law is on what basis do we fix the problem --- do we use a new solution or the solutions agreed to Anyone can say code is law

[@Science1677]

Cryptmas, lmao.

[@MasticinaAkicta]

Buttcoin NFT's. Perfect, ...right when it all is going down the drain. Perfect Timing.

[@justinwhite2725]

5:45 Midjourney?

[@StarShineTheDragon]

WOOOO MORE CRYPTO FAILS! XD

[@kaisersouzei]

So I don't understand blockchain so what I'm about to say may very likely be nonsense, but why wouldn't the offending wallet id just be auto revoked from making transactions indefinitely and transaction chain be reverted to before the offending transaction was placed, while any tokens that may have legitimately existed in the offending wallet just be locked out indefinitely or allow the offender to reveal themselves if they want to plead their case in hopes of having their wallet 'unrevoked'?

[@Darca1n]

Can't really be done due to how blockchains are hosted, you basically need to fork the ENTIRE thing to one where it never happened, which also means any transactions after that point also will never have happened in the new, forked chain.

[@ruffethereal1904]

@@Darca1n This is basically correct. There is no "undoing" in the blockchain, unless ALL the owners agree to a rollback, and good luck on that with a "decentralized" system that's inherently convoluted and difficult to change.

[@oliver_twistor]

The problem is that rollbacks like that are exceedingly difficult, and that's by design. Nobody should be able to just rollback and destroy other transactions. And it's made to be tamperproof, so in order to change the 5th latest transaction, you would also have to correctly change the 4th, 3rd, 2nd and the latest. This is both the beauty and the fatal flaw of the blockchain.

[@Darca1n]

@@oliver_twistor And guess who does have the power to force a fork, as has been shown before. That's right, rich people.

[@kaisersouzei]

@@oliver_twistor hmm, yeah this is the typical answer I was kinda excepting even with my limited blockchain knowledge. At the risk of sounding even more naïve, why isn't there a 'reserve wallet' of sorts that doesn't actually belong to anyone and exists solely to attempt to amend these issues? Also, are wallet ids blockchain-agnostic? Or is this also a nonsensical question?

[@DavelyDriven]

Merry Cryptmas

[@AltCoinInspector]

NFTs on the Ethereum virtual machine are typically ERC721 or ERC1155 tokens, Not ERC20. Ordinals are not tokens at all, unlike NFTs on smart contract supporting blockchains

[@samiraperi467]

Nani the actual f*ck? Ordinals? Nobody cares about ordinals, we want cardinals! *cue Spanish Inquisition*

[@LilacMonarch]

NOBODY expects the Spanish Inquisition!

[@DanielDroegeShow]

The code is still law, it is just on a private database, under control of a DBA, working for a company who can change it at will and nobody will know the difference. To say that you have no faith in code is law means you wouldn't use the web, youtube, bank accounts, twitter, etc. All of these services use private code and it is law. They have all also been breached, leaked, hacked, and exploited. You have no intellectual consistency.

[@LilacMonarch]

The private code you refer to is more akin to the rules of an owner of private property. They have the right to enforce it on their land, but as soon as you step off it they can't do anything. And they don't have to follow their own rules, they own it so they can do whatever they want. The LAW you have to follow is just your state/federal laws.

[@DanielDroegeShow]

@@LilacMonarch Then how do two business, with two different databases do business with each other when their databases use two different set of rules? It doesn't matter what the law says, if the database is told to break it, it will, without hesitation or question.

[@joelbaker9366]

"Hello. We've been trying to contact you about your crypto wallets extended warranty."

[@LilacMonarch]

"But to verify, please enter your credit card number, expiration date and the code on the back..."

[@tonysolar284]

I never asked for this. BTC needs to stick with the White Paper and nothing more.

[@hullmining6903]

Man, i write code for games, our internal QA guys gives me a metric ton of bugs on our build days, then for the upcoming sprint our external QA send us another metric ton of bugs to fix. Then we release and a player finds something, we compensate them with 20 gems. Unless i can have an internal dev environment with its own blockchain and do STUFF there, i would never rat race and release something that quickly. I also would never write web3 code

[@nathanpremo]

if code is law, it means that it doesn't matter if they sue the attacker. They can't force him to give the money back. lol Such a stupid concept.

[@SnowyRains]

Crypto callumder the only calendar you’ll ever need

[@reinolakkso]

Hey, did you catch the new NFT thing with Rose Namajunas and Animoca Brands?🤔

[@rohamrezaee9954]

Digisport collectible project? I've heard a bit about it. What's the deal with it?

[@reinolakkso]

​@@rohamrezaee9954Not sure about all the details, but it's something like a digital collectible challenge with Rose.

[@rohamrezaee9954]

​@@reinolakkso What’s the collection’s utility and is there any benefit for the early supporters?

[@reinolakkso]

​@@rohamrezaee9954I think there's priority access and some signed merch for early birds.

[@peger]

2:56 yee good luck suing someone from china or north korea ;)

[@kenji6492]

So like, if the crypto wallets that got stolen from are anonymous, can’t you go into the discord, claim to be one of the victims, and ask for the reimbursement to be sent to a new wallet?

[@justinwhite2725]

I was just thinking Bitcoin has been the most stable coin with the fewest scandals ..... Nope.

[@northerntoe]

What…..what? …..wtf…..like….what ….

[@eirinym]

Wait, didn't NFTs just crash epically? Why are people releasing them now of all times?

[@DanielDroegeShow]

It is over reported fake news. Record number of NFT owners. Always has been. People are buying and selling them less, meaning there is less speculation. Speculators are just like PS5 scalpers, jacking up the prices for ordinary folk who just want to play a game.

[@LilacMonarch]

@@DanielDroegeShow Lmao no. NFTs have their value ENTIRELY based on speculation. They have no inherent value. Nice try cryptobro

[@AnkaaAvarshina]

@@DanielDroegeShow how to tell others you're a crypto/NFTbro without saying you're a crypto/NFTbro: call anyone who reports awful shit about crypto/NFTs as "fake news".

[@DanielDroegeShow]

@@AnkaaAvarshina It is only fake news when it is objectively false and trying to push an agenda. Just because you think it is true, doesn't change the facts. We can measure them easily because they are on the blockchain.

[@DanielDroegeShow]

@@LilacMonarch I guess my comment was removed, but NFTs have inherrent value if they have utility. If an NFT allows me to wear a skin in a game and I can sell that skin to other players or trade it or level it up with my gameplay so it earns more from the games I win, it becomes worth more over time. I think you are confusing price with value.

[@Romanticoutlaw]

today? Really? Seems like they really missed the boat on this one..

[@CainXVII]

At least they didnt do an Earth 2 and just decide nah, too late

[@Discoveryman29]

bitcoin on their journey to make their own value drop even lower

[@maxime7430]

NFTs are not erc20, I see where you are coming from but don’t try to get technical if you don’t know the subject. NFTs are erc721 for future reference.

[@diskgrinder]

Code is flaw

[@NaudVanDalen]

Fixing bugs is way too expensive if you have to update the code for every single NFT you created. I make way too many bugs to even dare to create NFTs with more functionality than JPEGs. I haven't created any NFTs by the way.

[@virtualworldsbyloff]

PONZYYYYYYYYYYYYYY

[@storytimewithunclekumaran5004]

after watching your video I have no idea what a bitcoin nft is or does..

[@CainXVII]

What? No audio? Edit: just KZbin being KZbin

[@gwatemalla8208]

Hey bro, great video, thanks, it was interesting and informative, it would be cool to see your review of the Katana Inu project and their future NFT collection and it will be interesting to know how you see their further development, given that they are partners of Polygon and OKX, thank you in advance 🙏🏼

[@unironicallydel7527]

welp, there goes the only moderately good cryptocurrency that wasnt a scam. Until now.

[@JustPlainRob]

I mean they could have the attacker's info and they just want the money back right away instead of having to spend a bunch of time and money on a lawyer and lawsuits and potentially breaking new ground on international law. Or they could just be idiots who didn't understand their own code well enough to prevent this, so probably have no idea who did it.

[@ValkyrissaGaming]

Code is lawl

[@TheBronzeDog]

If code is law, hacking is legal.

[@ArtistSH]

best youtuber :D

[@Frostyviewer]

So what you're saying.... is bitcoin might get cheaper again?

[@do3807]

4:25 no no that's normal. I mean, imagine if you hired someone who doesn't speak Spanish to an acceptable degree, to make posts in Spanish. Or at least, you should get a freelance native speaker to check them for you.

[@JohnSmith-xq1pz]

Oof!!

[@sweepingtime]

I'm trying to keep up with this series and I don't know that I find them funny. They're always depressing. And they're depressing because it's all scammers being out in the open scamming without consequences, that when they get hacked it almost makes the hackers look like the good guys. Almost, because these hackers are probably working for North Korea and stealing money for their nuclear weapons program or something.

[@fischlnseele6715]

Idiot 1: Quick! Bitcoin are failing! We need a new and fresh idea to save them! Idiot 2: How about NFT? Everyone is talking about them, so they must be extremely popular! Idiot 1: My god! You are a genius!

[@leeprew]

Another day, another crypto shitshow.

[@LordZordid]

Crypto is just like MLM in some regards. Make an extremely convoluted system that only you and a few people understand. And then sell the concept with Elon Musk levels of hype and empty promises to an audience of greedy idiots.

[@szavant8558]

Comment.

[@mooswaldo]

how do you keep up whit this shit sir ? respect...

[@joshuaevans4301]

I think that "code as law" is a promising concept - but actually implementing it would require an extreme level of coordination between governments, lawyers, and software developers

[@omegacloud222]

It really isnt and anyone who thinks it is is delusional. Code is not remotely close perfect and is very easy to exploit if you know what to look for. Thats why when it comes to systems like Crypto its completely doomed to fail.

[@joshuaevans4301]

@@omegacloud222 It would be _extremely_ difficult and would require manned-spacecraft level coding standards, but I believe we can do it I also think it would only work in specific situations. For instance, escrow smart contracts that handle mortgages or car loans that also automatically takes care of the legal requirements of the contract as the financial requirements are fulfilled. This doesn't even need to happen on a blockchain - could just be a government server or something We can also appreciate that the law is flexible and that just because a smart contract says something doesn't mean is _has_ to happen

[@TG-pq9zf]

"Bitcoin launched". No.... it was launched on bitcoin. I can't stand nfts. But if the title isn't clickbait then it's inaccurate.

[@Eta_Hoyimi]

^This, it seems like there's no more than 2 or 3 people in the entirety of the comments that understand that lol

[@lorefort]

@@Eta_Hoyimi Yeah I only clicked on this video to see in the comments if people actually understood this. Bitcoin didn't launch anything... If people want to put data into their sats, that's their prerogative. Pretty annoying title.

[@Eta_Hoyimi]

@@lorefort I'd agree, very irritating, callum tends to be more researched in his stuff than this but it sounds like he didn't even realize the difference. It'd also do a lot to mention how many proBTC folks consider inscribing sats network abuse despite claims by those doing it that it isn't.

[@lorefort]

@@Eta_Hoyimi Agreed 100%.. I also guarantee that if he put 50-100 hours into researching btc.. his entire channel would be dedicated to btc lol. One cannot turn away once they've seen the truth of it. Attacking s@!t-coins would become less important.

[@lethn2929]

Okay, I feel like I need to post some information here and by all means someone please correct me if I'm wrong, BRC-20 tokens seem to have very little to do with the main Bitcoin blockchain and it looks like it's some kind of fork rather than having anything to do with the actual Bitcoin cryptocurrency. Again correct me if I'm wrong on that, but it's important to make the distinction clear because too many people are running around acting like some shitcoin/altcoin clone of Bitcoin is the same as the original cryptocurrency and that's the impression this video gave me when I was watching. There's enough misreporting and outright boomerism around Bitcoin without NFTs being thrown into the mix lol.

[@TheLastPhoen1x]

Of course it is, Satoshi didn't come out of the shadow realm and coded the new blockchain extension for that BRC bullshit. It's another proprietary grift value of which determined by the company that owns it, not code, like bitcoin.

[@lethn2929]

@@TheLastPhoen1x I feel like Callum needs to correct this then, because even in his title he's claiming 'Bitcoin launched their version of NFTs today' no, Bitcoin didn't do anything their devs didn't do anything. I just know this is going to cause confusion amongst people who don't know anything about how cryptocurrencies work and it should be made clear this is just some scammy dev that introduced a separate NFT system who had no idea what they were doing and didn't care or were just outright looking to make a fast buck off the NFT craze. Unfortunately these days, you have to be lawyer specific when it comes to explaining things happening in crypto because there are douchebags that will just make everything up and then try spreading that to other people and they mean it and aren't just trolling. I just hope this isn't Callum fucking up with his new daily format because I've seen youtubers do this before and the quality of their content does suffer if they try to upload too much and too fast because they adopt a first post mentality.

[@kirinkappa5662]

This channel become a bit stale and boring with this anti-crypto content ngl. in general making content anti-something is pretty uninspiring. Noone is becoming a better human by watching this and those videos aren't even useful for crypto investors in any way. We're left with just pure entertainment value, which just isn't that high with anti-something / laughing at X event / Y group type of content. Am I just simply the wrong demographic for this channel?

[@NomDatBass]

To be honest, probably. Not at all trying to throw shade at ya or anything, btw. I'm simply all too familiar with the feeling of being just..... exhausted by more negative news in the world.

[@housemouseshorts]

oh gods not even the OGS are safe man

[@Raven3557]

Bro chat gpt speaks better English

[@tomekk.1889]

This hairstyle don't work for your head shape at all man 😭😭

[@Jokoko2828]

Let the man LARP as a cyberpunk character.

[@Rietto]

I'm mostly thrown off that his cartoon avatar doesn't look at all like him. xD

[@tomekk.1889]

@@Rietto I think it's what he thinks he looks like lol

[@Morkennen]

This is a comment.

[@lorefort]

Bitcoin didn't "launch" anything. If people want to attach data to their own sats, that's their prerogative. Either you are using clickbait titles, or you don't understand how bitcoin works. Keep doing your great videos about crypto scams, but don't lump bitcoin into that same basket, because it is not the same in any way. If you don't understand why it is different, I would strongly encourage you to do the research, it might just be the best decision you ever made. The Saylor Series is a good place to start.

[@LilacMonarch]

Sure buddy

[@lorefort]

@@LilacMonarch ?

[@robbyfrank]

First ❤

[@zac8286]

Man NFT's are dying out and I'm still trying to work out how people think they have a market. It's so confusing hearing people talk about them like stoke investment. I'm legitimately confused by it still, I don't understand how someone can think they can make money off of an NFT or why someone would buy one anyway

[@DanielDroegeShow]

They are not dying out. Just going down to a level that matches their Utility. Sort of like the PS5. They are not worth $2000, but people paid that for them.

[@zac8286]

@@DanielDroegeShow the utility part is what's confusing me lol, I just cant see how they can increase in value. I'm fully cool to the idea I might be overlooking something or I'm a dumb ass, but I just cant see anything beyond the 1st sell of an NFT

[@DanielDroegeShow]

@@zac8286 The goal isn't really to increase in value. It is to create a fair market where players can trade items between each other or sell or buy them for real money. Regardless if it is $0.05 or $50 or $50,000, if it has value to people, they are going to buy and sell it on the black market. Developers would at least recoup a portion of these funds through market fees, so they are getting funded by free players and paying players alike. This means they are not pressured into making the game more pay to win which ultimately drives free players away in a vicious cycle. Look at beenie babies. If you collect them, they have value to you. However if someone hoards all of one type, just so they can exploit these collecters and jack up the price, they are not helping the ecosystem at all.

[@AnkaaAvarshina]

@@DanielDroegeShow but the problem with NFTs is that no one ever talks about BUYING NFTs. They only talk about OWNING and SELLING them. Okay, I'm sure there IS someone out there who *may* be genuinely collecting NFTs, but they are definitely not the majority. And if that's the case, why and how do they have value if the people who want to buy them are seemingly obscenely low? No one ever talks and asks about wanting to buy someone's NFT, almost every NFTbro just talks about the value of theirs, how valuable it is, and how much they can sell it for. That's it.

[@DanielDroegeShow]

@@AnkaaAvarshina I have bought a few NFTs, but about 95% of them I earned from playing games. It stores my progress and I am able to sell it to another player at anytime if I want to paly a different game. If you look at an NFT marketplace for a game, you will see thousands of NFTs bought and sold every day. There are about 50 games total, at this level of trading, so you do the math. Most of the NFTs earned are random, so much of it is trading ones you don't want to people who want them and getting the ones you do want. It is like opening packs of pokemon or yugioh cards...

[@andrew.]

Erc721 *

[@streamofwalden]

What do you mean with "Bitcoin launching a version of NFTs today"? What does Bitcoin have to do with this as such? You know UniSat is just another open source chrome extension/ marketplace/ tool to interact with Ordinals and BRC-20s - one tool among others right? BRC-20 might prove to not be such a good experimentation (time will tell) but it has nothing to do with BTC directly as such regardless or this breach anyway. UniSat, the company which was hacked, announced that they will compensate everyone affected, just not in "perfect English" on Twitter but that somehow is not good enough either. For your information; the identity of an attacker can absolutely be found. For example if you can associate an address with a user on a central exchange, etc. The amnesty to return the funds before taking legal action also makes a lot of sense, as they will save a lot of time and expenses and more. Regarding Discord, many projects have direct contact with their community through Discord, what would be wrong with that? It usually goes way faster and is much more interactive to get a response from the team on. Rather than forward and backwards with regular emails or similar. I am starting to suspect you don't report fully honestly on half of the matters you bring up or just don't understand it fully. In your endeavour to find a grudge everywhere possible with anything crypto, anything goes it seem?