Conversation

Notices

1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 17-Dec-2022 19:53:02 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
   #Trump digital trading cards ( #NFTs ? ) sold out at $99 each, says website. https://www.theregister.com/2022/12/08/ftc_microsoft_activision/ [www theregister com]
   
   I'm surprised. I figured that most prospective buyers would be like my neighbor: old and cranky, and in no way savvy enough to buy digital collectibles. I figured that his fans would eagerly buy physical trading cards (collectible quality, so archive quality materials, plastic sleeves, laser-engraved authenticity sticker) for that much or more, but not the digital version.
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 17-Dec-2022 20:03:54 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     in reply to
     > Later on Truth Social Mr Trump said the non-fungible tokens (NFTs) were "very much like a baseball card, but hopefully much more exciting".
     
     > The "one-of-a-kind" assets in the digital world can be bought and sold like any other piece of property, but have no tangible form of their own.
     
     > They can be thought of as certificates of ownership for virtual or physical assets.
     
     > Advocates say NFTs are the digital answer to collectibles, but critics have warned about risks in the market, which emerged from the wider world of cryptocurrency. Activity in the space has dropped this year, alongside a plunge in cryptocurrencies.
     
     As I understand it, the actual files of #NFTs tend to be hosted on #IPFS, but if someone doesn't "pin" the files, they can eventually be deleted. And some have been hosted on a regular website, which really stinks if and when the site shuts down or even rearranges and replaces its former content with something new.
     
     > A report for the US Congress this year noted that NFT sales have been used to collect credit card and other financial information, and been subject to other scams.
     
     Which isn't surprising. Every other sales channel has been abused that way, from restaurant purchases to retail stores, to mail order. This line makes it sound like those are unique threats to NFTs, but they are part of the danger when one uses a credit card to buy anything.
     
     By the way, #Trump's #Truth_Social #socnet is supposedly a modified version of the #Mastodon software. As far as I know, it does not federate (so there's no need to get excited about #blockwars and push #fediblock).
   • LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 17-Dec-2022 20:04:39 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}

     in reply to
     The correct URL is https://www.bbc.co.uk/news/business-63995563