From the article: “Complexity is weaponized in some of these instances to deflect scrutiny. This is an old trick from the financial industry: Make things more complex. In DeFi, you have financial complexity overlaid with technical complexity, too—so there is, really, just the thinnest subset of people who can do both. And those people will be paid a LOT of money to participate and build these tools. And when the slice of people is so small and they’re so handsomely rewarded, there’s not going to be many savvy watchdogs—there’s less incentive to be a policeman on the beat. It’s much easier to just go work on a project.”
D&D General NFTs Are Here To Ruin Dungeons & Dragons
- Thread starter CleverNickName
- Start date
Vaalingrade
Legend
There are NFTs of fart jars out there.
We are both in the darkest timeline and through the looking glass
darjr
I crit!
You have been way to prescient of late to make this statement. Take it back!
If not the darkest, it's at the very least the dumbest timeline.
Vaalingrade
Legend
I'm not kidding. I wish I was.
I follow actual tech and Youtube doesn't know the difference between that and crypto. So I've ended up watching a lot of Crypto Bros taking L's content and... it's wild out there. That's not even the most disgusting stuff I've seen (I will not describe it here).
I follow actual tech and Youtube doesn't know the difference between that and crypto. So I've ended up watching a lot of Crypto Bros taking L's content and... it's wild out there. That's not even the most disgusting stuff I've seen (I will not describe it here).
Snarf Zagyg
Notorious Liquefactionist
If my farts aren't on blockchain, then how am I going to monetize them?
One of the things that amuses me about teckbros, anarcho-capitalists, libertarians and other anti regulatory types is that they forget that a lot of this law and regulation was put in place in response to previous catastrophes. It is a kind of social scar tissue, not just something put in to place to amuse lawyers and bureaucrats.
You don't even have to particularly screw up, as Wired's Story (alllllllllllll the content warnings. You can guess the type of people trying to evade detection) - you just need someone with nation-state levels of resources.
Because Bitcoin & Etherium in particular have negligable transaction amounts, it's pretty easy for people to keep up with the transactions being processed. There's no way to launder things when a half dozen socks are the only things in the wash.
“Back in MY day, to monetize farts, you had to deliver ACTUAL farts in ACTUAL jars to your clients!!!” ~old man yelling about clouds
My plan to monetize my farts is to emulate Foul Ole Ron and make farts of such a stunning quality that they will pay me big money to fart somewhere else
CleverNickName
Limit Break Dancing
Honestly, if you are in a place in your career where you need to monetize your farts, you are probably so desperate that you will believe any hair-brained scheme that promises rapid, abundant wealth. You've sidestepped reason and logic, and you jumped right over "can this even work?" long before you got to the "how can I monetize my farts?" question.
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My plan to monetize my farts is to emulate Foul Ole Ron and make farts of such a stunning quality that they will pay me big money to fart somewhere else
J.Quondam
CR 1/8
A little FiberCoin should loosen that right up.
AFAIK, Stephanie Matto wasn’t exactly hurtiNG for cash when she started doing so. Afterwards, though…
CleverNickName
Limit Break Dancing
That's my understanding as well. She probably came up with the idea on a lark...but everyone else hoping to emulate her, or holding her up as an example of the get-rich-quick-with-computer-money scheme, must truly be in dire financial straights.
Ooooorrrr…just recognizing the possibility of cashing in on “The Cloud”.
billd91
Not your screen monkey (he/him)
Absolutely. That's why I'm in favor of the process of regulation in general. There are, however, examples that aren't so exemplary that end up being used as rhetorical weapons, stripped of all nuance, by the anti-regulatory types.
For example, I worked for an electronic medical records software company that spent ungodly numbers of work hours getting the software compliant with "meaningful use" regulations - regulations that mainly existed to demonstrate that the medical record technology adoption grants enabled by the HITECH Act weren't being wasted by the grant recipients. It was a lot of work to comply with regulations that didn't protect the health, safety, or even financial health of the consumers of the products or the patients they served, but to provide concrete data to justify and measure the success of the government's expenditures. And as pro-regulation as I am, even I found that annoying.
Vaalingrade
Legend
They have a whole service designed to launder sadboy fun-money.
The FBI just proved it is as effective as a chainlink umbrella.
CleverNickName
Limit Break Dancing
BTW - @theliel is not kidding when they said "all the content warnings". It's a Wired article, so it's for the "general public" but it deals with the worst kinds of crime. I teared up reading some parts of that story.
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