Maturin

joined 1 year ago
[–] Maturin 3 points 1 year ago (16 children)

There is a lot of talk, for example, in the sustainability space where things like emissions allowances, carbon offsets, etc. are traded the old fashioned way where a digital ledger using NFTs would be both instantaneous and transparent/easily auditable.

But the most obvious example is security exchanges, e.g. stocks, bonds, etc. (which would be a massive threat to the existing financial institutions) because it could allow for instantaneous settlement and fully transparent markets.

HUGE HOWEVER, not all NFT systems would be equally useful for that kind of thing. What we saw with FTX, for example, was a blockchain exchange for tokenized securities where the blockchain aspects served no real useful purpose - it was a centralized, controlled, opaque use case. The distributed ledger model (which I think casual observers of blockchain assume all blockchain systems are) can correct for those failures. I personally think part of what made the FTX story so big was a combination of moves by major financial market players to get out in front of tokenization of securities by created the existing system again but with a blockchain coat of paint on top that then failed under its own scam at lightning speed which then gave the ammo to a whole “blockchain a scam, NFT an even bigger scam” narrative. They are just software utilities that can be used effectively or not just like any others.

Whenever I see someone identify a jpeg as an NFT, or put SBF’s face on a news story about it, I think about how successful the astroturfing of these narratives has been.

[–] Maturin -1 points 1 year ago (19 children)

Basically anything that is currently traded on any digital or quasi-digital exchange but relies ultimately on a paper/manual backend.

[–] Maturin 51 points 1 year ago (2 children)

Seriously? This whole thread (and arguably the meme itself) misidentifying Ulysses S. Grant as William T Sherman? We can do better than this y'all.

[–] Maturin 2 points 1 year ago (1 children)

It’s spelled “Farve”

[–] Maturin 2 points 1 year ago

If they are in the ground they only need one good watering a week after they get established. In containers you need to water more.

[–] Maturin 7 points 1 year ago

Or imagine if they were to ever get hacked.

I've got bad news for you . . .

[–] Maturin 5 points 1 year ago

Philadelphia would like to have a word

[–] Maturin 7 points 1 year ago

Now that you've noticed the PR industry, you may realize that basically every article is fawning of its subjects in this way these days

[–] Maturin 4 points 1 year ago

That’s not quite how it works. They each are assigned a circuit but that’s not for deciding which cases are heard. All appeals go to all 9 of them and if 4 of them decide they want to hear it, then they do.

[–] Maturin 3 points 1 year ago (2 children)

This is not true. The court votes on which cases to hear and a case only needs 4 votes to make it.

[–] Maturin 16 points 1 year ago

The worst American timeline

[–] Maturin 1 points 1 year ago

Yeah, this particular stat suffers from being incredibly confusing.

Maybe it works better as a graphic or something.

Or if you propped up some life-sized extra planets in space to show us how many more earths we need.

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