
I minted an NFT of A Mind Is Born
I've just minted a non-fungible token of A Mind Is Born on the Ethereum blockchain.
It can be viewed here: 0xA7702E0769c5D408EbF2B056d7C3Cc0a054fd5f7. On that page, you can also track who the current owner is.
I hereby announce that I will not create any more NFTs (on Ethereum or any other platform) linked to my demo A Mind Is Born.
This is my first adventure into blockchains and cryptocurrency, so bear with me while I try to explain this confusing new territory in my own terms.
A non-fungible token (NFT) works a bit like a commemorative coin; a limited-issue collector's item that can be bought and sold.
This NFT also represents the exclusive permission to display A Mind Is Born (as a self-contained piece of art) inside virtual reality worlds that support the ERC721 token standard.
Outside such VR worlds, I still retain all ownership rights (e.g. copyright) for the demo itself. As before, in the real world, A Mind Is Born is free for anybody to view, download, and distribute for non-commercial purposes. Anybody can download and thus own a copy of the demo; the commemorative token exists in a single copy on a blockchain, where its ownership is tracked.
Every NFT is linked to some digital content, such as a document, picture, or in this case a C64 demo. Usually, the link is a cryptographic hash of the document, or a URL pointing to it, or both. But in this case, I actually stored the entire demo in the blockchain—it's just 256 bytes after all. This did increase the minting cost (transaction fees) somewhat, but it's nice to know that a downloadable copy of the demo exists inside the Ethereum general ledger, and will remain there in perpetuity.
The promise in boldface at the top of this page is what makes the token valuable. Not to everybody; most people couldn't care less about commemorative coins or art as investment, digital or otherwise. But for the ones who do, this NFT is now a unique artefact. The blockchain ensures that it cannot be forged, and I acknowledge that it's legit and give my word that it will remain unique, so its value won't be diluted.
The NFT is already sold and paid for. For Conrad Barski, who suggested the deal in the first place, this was an attractive combination of patronage and investment. For me, it was a way to explore blockchain technology while earning a bit of money on my hobby. And for almost everybody else, it is perhaps best filed away as wizard-level crypto-navel-gazing of very little consequence. =)
Posted Tuesday 23-Mar-2021 07:02
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Tue 23-Mar-2021 12:05
I hope this is a case of idealistic, naive curiosity, fed by grifters selling you on the blockchain and NFTs (because it's all grifters, all the way down) and that it stops here.
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Fri 10-Dec-2021 20:04
There are some people in the world that do nothing but look for the bad and they find it (real or imaginary). They know right where they can go as far as I'm concerned. There is good and bad with every technology. They aren't helping the world by being offended because someone else decides to expend energy on something they don't like. If there is any "social impact" it is them being self righteous and narcissistic. And that is not good for anyone but their own superiority complex.
People choose lots of different forms of entertainment that expend natural resources. I can guarantee you that the amount of energy used for playing video games, music, and watching tv, movies, and porn dwarfs the amount used by blockchain applications.
Every new technology needs to be explored to determine if it is useful or not. If it is not useful then people stop using it and it goes away.
I'm very happy that the C64 community is still very active.
Thanks for existing and doing what you do Linus.
-idolpx
Tue 23-May-2023 02:08
Tue 23-May-2023 02:16
lft wrote:
Next, we have to consider the possibility that the announcement was forged.Do you have a publicly distributed PGP key? That would make the process of issuance a lot simpler.
Tue 23-May-2023 03:04
Digital money (e.g. bitcoin, monero), namespacing (e.g. namecoin, ENS) domains require scarcity to operate. There are legit use-cases.
The goods I purchase online with cryptocurrency are hardly "social constructs"? The change (compared to paypal or credit cards) is that that the payment system is now secure and somewhat private from the government and banking institutions.
It's true. There are chaumian cash systems like DigiCash and GNU Taler which are secure, private and efficient. However these systems will never replace the traditional banking system which benefits from the insecurity, surveilance, and inefficiency. The intermediary solution is cryptocurrency. The proof is in the pudding: if banks were willing to improve then DigiCash would have been implemented all those years ago, and there would be no reason to create bitcoin in the first place.
Yes, same could be said of the traditional art market. As for PoW... what drives the demand for power usage? The income of the miners, which consists of the fees (paid directly by users) and the block reward (paid by owners through inflation). The fees consist of a very small fraction (<1% in bitcoin for example) of this miner income. Perhaps the usage of the cryptocurrency results in power usage by holding up the price, but the idea that merely *using* a cryptocurrency results in power consumption is tenuous at best. The power usage of etherium (for example) is about the same- regardless if the blocks are empty or full.
Huh? I don't believe it.
Miners use specialized ASICs, not the type of hardware you see in datacenters. If they're competing for GPUs, then good: I guess AI hell will be postponed for a couple more years. Greetings from 2023!
True, but that's like complaining that someone invested in losing stocks when they could have donated it to charity instead. The type of person to *invest* in cryptocurrency these days are not necessarily the type who care about or even *use* it. Do you really think this type of person would otherwise have donated to open source software development? Not much of an opportunity loss if you ask me.
Is there some sort of doublethink i'm oblivious to here? It's just another form of currency.
Socialists like to use the phrase "Late Capitalism" because they imply the end of capitalism is nigh. That's wishful thinking, but I'm not that optimistic!
In terms of you, Linus, and you, the buyer's relationship, I would encourage you to, if you want to do similar things in the future, to instead solve things using traditional assymetric key crypto. Set up a certificate for "Dibs on <whatever>", link it to an announcement page on here, sell that, and send an update on each sale. I'm sure you can figure out how to do this reasonably.
And you have a trusted party (linus) who can be contacted, generate a new key in case the old gets lost, etc. same as it would have to be on the Ethereum blockchain anyway. Just with less burning of fossil fuel.
It's not a bad idea. You could have a system like this without a blockchain, but it makes it such that the buyer and the seller cannot act independently of LFT. Which sort of defeats the point, no?
P.S. Now that I've finished my comment I can see that "Don't Fight" is a rule at the end of the page. You know, there is nothing wrong with a nice flamewar every now and then!