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Thread: News of the day

  1. #11101
    Senior Member Spoonsky's Avatar
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    That's just rhetoric. In reality it's more about getting them to pay a lot more than they have been than somehow finding the perfect number.

  2. #11102
    Senior Member Pepe's Avatar
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    I wish them luck in their well intentioned and very well thought out endeavour.

  3. #11103
    ram it up your shitpipe Giggles's Avatar
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    Quote Originally Posted by Lewis View Post
    Killing women and then legging it does seem to be more of a foreigner thing to do, so I figured one of your Eastern Europeans. Syrian refugee. Jesus. They will probably start running stories about her deserving it.
    Turned out to be a Slovakian after, though it’s the same head that was in the WhatsApp messages floating about. That still won’t be what they wanted though and I expect things to switch rapidly to his ‘mental health’.

  4. #11104
    Won the Old Board Lewis's Avatar
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    Never in doubt. I should be the in-house stereotyper for the police.

  5. #11105
    Senior Member Waffdon's Avatar
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    Biden giving Putin the green light to invade Ukraine I see. WW3

  6. #11106
    ram it up your shitpipe Giggles's Avatar
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    Quote Originally Posted by Lewis View Post
    Never in doubt. I should be the in-house stereotyper for the police.
    A roma gypsy who’s been on benefits since he touched down. That’s near top trumps.

  7. #11107
    Senior Member niko_cee's Avatar
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    Quote Originally Posted by Waffdon View Post
    Biden giving Putin the green light to invade Ukraine I see. WW3
    They should probably stop him talking if that's what he's going to be coming out with. He's an absolute mess.

  8. #11108
    Webly Ian's Avatar
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    He's been saying idiotic things for ages. But then that's what happens if you insist on only electing dementia-fied old men.

  9. #11109
    Senior Member niko_cee's Avatar
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    Yeah, I saw him rambling bizarrely the other day about something or other [the Texas hostage thing?] and thought Christ, maybe he actually is senile.

  10. #11110
    Webly Ian's Avatar
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    Biden on hostage negotiations:
    "One trick is to tell stories that don't go anywhere. Like the time I caught the ferry to Shelbyville. I needed a new heel for my shoe. So I decided to go to Morganville, which is what they called Shelbyville in those days. So I tied an onion to my belt, which was the style at the time...."

  11. #11111
    Senior Member Pepe's Avatar
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    https://www.marca.com/en/football/in...4778b4588.html

    Robinho, who was playing for AC Milan at the time, was part of a group who gang-raped a 23-year-old Albanian woman at the Sio Cafe nightclub and was originally sentenced in 2017, having gone on to lose two appeals.
    Clasy.

  12. #11112
    Senior Member niko_cee's Avatar
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    I was reading that the other day and my main takeaway from it was that I didn't realise so many countries point blank refuse to extradite their citizens.

  13. #11113
    Senior Member Jimmy Floyd's Avatar
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    https://www.independent.ie/irish-new...-41265529.html

    I thought Giggles had been quiet for a while.

  14. #11114
    Senior Member Manc's Avatar
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    That is fucking bonkers.

  15. #11115
    I used to be funny.
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    Weekend at Padraig's.

  16. #11116
    Senior Member Disco's Avatar
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    Weekend at Blarneys was the best I could do.

  17. #11117
    Webly Ian's Avatar
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  18. #11118
    ram it up your shitpipe Giggles's Avatar
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    Must have been off their boxes to think it would work. Seen a photo of one of them (his son) and he looks like a proper little scrote.

  19. #11119
    Senior Member Spikey M's Avatar
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    https://www.bbc.co.uk/news/business-60057281

    "lucky family circumstances"

    Get some rich parents you renting scum bags, what is wrong with you?

  20. #11120
    Senior Member Disco's Avatar
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    Guys please stop revealing the very obvious flaw in our grift.


  21. #11121
    Webly Ian's Avatar
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    Aw man, so all I had to do was work hard, get saving and get given a load of fucking money by my parents?

    Can't believe I didn't think of that.

  22. #11122
    Webly Ian's Avatar
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    Quote Originally Posted by Disco View Post
    Guys please stop revealing the very obvious flaw in our grift.

    Yeah I saw this yesterday.

    They must be worried they're dangerously close to people realising they're paying a load of money to not own something.

  23. #11123
    ram it up your shitpipe Giggles's Avatar
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    I still have no idea what NFT is but it seems to be everywhere. Like cryptocurrency I think I'm probably better off in blissful ignorance.

  24. #11124
    Senior Member Jimmy Floyd's Avatar
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    I've tried my best to read up on them but I can't get beyond them being the Dutch tulip bubble, i.e. everyone goes in on something for fashion reasons and then, some time later, it crashes due to its lack of intrinsic value.

    There are lot of people out there who don't want to do a day's work.

  25. #11125
    Senior Member Spikey M's Avatar
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    Quote Originally Posted by Giggles View Post
    I still have no idea what NFT is but it seems to be everywhere. Like cryptocurrency I think I'm probably better off in blissful ignorance.
    The easiest way to understand it is that it's basically a digital copyright. It's meant to stop people from being able to take your stuff and use it however they want. Fine in theory, the Internet could do with intellectual property being protected, but... it's actually a load of bollocks and just ends up with Scousers buying Pixelated Rainbow Nonces for Ł200.

  26. #11126
    Senior Member Disco's Avatar
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    NFTs could be useful for things like digital tickets but for art (stretching the definition when it's shit monkeys pictures) two copies are not just indistinguishable but they're functionally identical. That's sort of the point of digital information, it's the same, trying to introduce false scarcity is so incredibly stupid and obviously just a cash grab aimed at credulous twats.

  27. #11127
    ram it up your shitpipe Giggles's Avatar
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    Quote Originally Posted by Spikey M View Post
    The easiest way to understand it is that it's basically a digital copyright. It's meant to stop people from being able to take your stuff and use it however they want. Fine in theory, the Internet could do with intellectual property being protected, but... it's actually a load of bollocks and just ends up with Scousers buying Pixelated Rainbow Nonces for Ł200.
    Can I sell you this post for €400?

  28. #11128
    Senior Member Disco's Avatar
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    You might have more luck with Magic.

  29. #11129
    Senior Member Spikey M's Avatar
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    Quote Originally Posted by Giggles View Post
    Can I sell you this post for €400?
    In theory, yes. The bloke who made twitter sold his first tweet as an NFT. You just have to find someone rich and thick enough.

  30. #11130
    Senior Member -james-'s Avatar
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    Quote Originally Posted by Jimmy Floyd View Post
    I've tried my best to read up on them but I can't get beyond them being the Dutch tulip bubble, i.e. everyone goes in on something for fashion reasons and then, some time later, it crashes due to its lack of intrinsic value.

    There are lot of people out there who don't want to do a day's work.
    The difference is that the technology that underpins all this stuff is potentially game changing stuff. It's just very very young and the field is full of grifters.

    On the latter point, no doubt. Can you blame them?

  31. #11131
    Senior Member Jimmy Floyd's Avatar
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    Ok. So if I buy a monkey and then someone else sells my monkey without my permission, what happens next? Do I have to hire a monkey lawyer and sue them?

  32. #11132
    Bookie Sir Andy Mahowry's Avatar
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    Your case would also end up being featured on Monkey News.

  33. #11133
    Senior Member Spikey M's Avatar
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    Quote Originally Posted by Jimmy Floyd View Post
    Ok. So if I buy a monkey and then someone else sells my monkey without my permission, what happens next? Do I have to hire a monkey lawyer and sue them?
    You borrow Daves van.

    There's probably nothing you could do. The whole space is unregulated and the Wild West at the moment. I could steal your entire net worth in Bitcoin and there's nothing you could do about it within the legal framework.

    As James said, the basic truth of this stuff is that the underlying tech is great and has a lot of potential, but at the moment we don't really know what we're doing with it. I'd be surprised if anything in the Crypto space now (outside of Bitcoin and Etherium) was still around in 10 years and, whether they like it over not, the space needs regulation or its going nowhere.

  34. #11134
    Senior Member -james-'s Avatar
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    Quote Originally Posted by Jimmy Floyd View Post
    Ok. So if I buy a monkey and then someone else sells my monkey without my permission, what happens next? Do I have to hire a monkey lawyer and sue them?
    They can sell the jpeg, but that's not what the NFT is.

    Wouldn't it be better if your proof of ownership for, say, your house & you car were indisputably recorded on a ledger that everyone could (or could not) see, rather than on pieces of paper?

    Wouldn't it be better to not have to give Ł2 each to Ticketmaster and Visa each time you wanted to pay to watch a performance?

    I'm not a Crypto Guy fwiw and the current uses are aggressively shit, but I think there's a lot more to it than the currently dominating discourse of hurr hurr I right click saved your NFT now it's mine.
    Last edited by -james-; 22-01-2022 at 01:44 PM.

  35. #11135
    Senior Member Pepe's Avatar
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    Quote Originally Posted by Spikey M View Post
    The easiest way to understand it is that it's basically a digital copyright. It's meant to stop people from being able to take your stuff and use it however they want.
    If NFTs were that, they would be useful. That is not what they are. The easiest way to understand it is that you are paying for a certificate that says you own something, but you don't actually own it.

  36. #11136

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    Seems like a bit of a pyramid scheme to me.

  37. #11137
    Webly Ian's Avatar
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    Quote Originally Posted by -james- View Post
    Wouldn't it be better if your proof of ownership for, say, your house & you car were indisputably recorded on a ledger that everyone could (or could not) see, rather than on pieces of paper?

    Wouldn't it be better to not have to give Ł2 each to Ticketmaster and Visa each time you wanted to pay to watch a performance?
    This might be a stupid question but if there was a proper appetite for this among the people that actually matter why do we need whatever this new technology is to do that?

  38. #11138
    ram it up your shitpipe Giggles's Avatar
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    Quote Originally Posted by Pepe View Post
    If NFTs were that, they would be useful. That is not what they are. The easiest way to understand it is that you are paying for a certificate that says you own something, but you don't actually own it.
    Sounds like I’m not missing out.

  39. #11139
    Senior Member Pepe's Avatar
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    Quote Originally Posted by Ben View Post
    Seems like a bit of a pyramid scheme to me.
    Up to this point, cryptocurrency (and NFTs even more so) have been just that. Buy it and hope that you can offload it later to someone else for more money. The technology is great, their proponents claim, but it has yet to be used for anything useful, and it has been more than a decade now.

  40. #11140
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    Presumably an industry could decide to utilise, or not, the technology for documentation.

    Houses as an example or so slow moving that would a ledger/blockchain be really beneficial above and beyond an electronic database they already have? If so, what tangible benefit would there be for anyone other than the custodian (ie land registry Scotland)?

    I suppose in that scenario something like ethereum and solana would become the market as the owner of the chain that many industries use? But who pays the transaction fees to update the ledger? Would it be cheaper than updating the data bases they currently keep?

  41. #11141
    Senior Member Jimmy Floyd's Avatar
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    Quote Originally Posted by -james- View Post
    They can sell the jpeg, but that's not what the NFT is.

    Wouldn't it be better if your proof of ownership for, say, your house & you car were indisputably recorded on a ledger that everyone could (or could not) see, rather than on pieces of paper?

    Wouldn't it be better to not have to give Ł2 each to Ticketmaster and Visa each time you wanted to pay to watch a performance?

    I'm not a Crypto Guy fwiw and the current uses are aggressively shit, but I think there's a lot more to it than the currently dominating discourse of hurr hurr I right click saved your NFT now it's mine.
    Maybe so, but that's going to come about via legislation in 30 years' time, not via some kids driving a market bubble now.

  42. #11142
    Senior Member niko_cee's Avatar
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    Also we have a land and motor registry already, so those 'ledgers' already exist, and have done pretty much since forever, so I don't quite get what crypto is bringing to that particular party.

    Are title deeds any more than ornamental for property any more? I guess the V5 or whatever it is called still has a role for cars [I have no idea].

  43. #11143
    Senior Member Pepe's Avatar
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    Quote Originally Posted by Foe View Post
    Presumably an industry could decide to utilise, or not, the technology for documentation.

    Houses as an example or so slow moving that would a ledger/blockchain be really beneficial above and beyond an electronic database they already have? If so, what tangible benefit would there be for anyone other than the custodian (ie land registry Scotland)?

    I suppose in that scenario something like ethereum and solana would become the market as the owner of the chain that many industries use? But who pays the transaction fees to update the ledger? Would it be cheaper than updating the data bases they currently keep?
    More importantly, what is the problem with the current system that 'the blockchain' would allegedly fix?

  44. #11144
    Administrator Kikó's Avatar
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    https://medium.datadriveninvestor.co...w-207ddceeaa00

    The Jake Paul wealth part in this has annoyed me immensely

  45. #11145
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    I think some sort of electronic, digital universal currency is a really powerful idea. Like the euro on a massive scale.

    However, I don’t get NFTs at all.

    I remember years ago some crypto emerged claiming it could keep pilot flight record/information on a ledger (https://www.newsbtc.com/sponsored/ae...into-aviation/)

    Useful technology perhaps. A commodity for investors? Nah.

    https://coinmarketcap.com/currencies/aeron/

    Look at that fall.

  46. #11146
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    Quote Originally Posted by Pepe View Post
    More importantly, what is the problem with the current system that 'the blockchain' would allegedly fix?
    I ask that question at work often. “Digitalising” something is fashionable, but what value is actually being added?

  47. #11147
    Senior Member -james-'s Avatar
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    Quote Originally Posted by Ian View Post
    This might be a stupid question but if there was a proper appetite for this among the people that actually matter why do we need whatever this new technology is to do that?
    Do you mean why not do it with other tech? Because we haven't come up with a better way of doing it. It all comes down to whether you think decentralised finance is a good idea, and I can't see much of an argument against it.

  48. #11148
    Senior Member -james-'s Avatar
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    Quote Originally Posted by Jimmy Floyd View Post
    Maybe so, but that's going to come about via legislation in 30 years' time, not via some kids driving a market bubble now.
    It can be a bubble driven by kids and also representing something of value at the same time.

  49. #11149
    Administrator Kikó's Avatar
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    I don't really see decentralised finance happening as we will always have most people wanting to have the trust of a third party to keep their money relatively safe.

  50. #11150
    Senior Member Spikey M's Avatar
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    Asia uses Crypto as actual currency, particularly in areas where access to traditional banking is difficult. It's also useful when sending money across borders as it's much cheaper.

    Outside of that, It's just an unregulated stockmarket full of pumps, dumps and people hoping to become millionaires. The tech may become something more, it may not. But - if Blockchains and NFT's are the future - existing, regulated corporations will make their own.

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