What’s all this talk of NFT and Blockchain , anyone explain and what it means for eve and why did you write that .
Okay, I’m not an expert on the technical side of things, but here’s the deal as I understand it…
When you deposit cold hard cash into a bank account, your bank will update your account to reflect that deposit. And then you can pay bills, transfer funds, and buy stuff online, with the bank updating your account to reflect those transactions. Well, crypto currencies allow you to do all the same stuff, except that it does away with the physical component -there are no actual bills or coins stored in vaults or whatnot. (And yes, you can trade your cypto for cash, but that is more akin to exchanging dollars for pounds.)
Now, the fundamental technology that crypto currencies are built on is known as the block chain - which is an encrypted, distributed database. Naturally, the encryption provides one layer of protection, but so does it’s distributed nature. Instead of one database being managed by one entity, the database is broken into blocks, and managed by many individuals. Moreover, many people will be given the same block. Thus, if someone actually manages to hack one block in the chain, all the other blocks would remain unaffected, and the system could see that it was tampered with. This is, in my opinion, one of the 3 main reasons why crypto took off -trust. People could trust that their currency couldn’t be stolen or manipulated. Of course, both can and do still happen, but that’s not due to inherent flaws in the technology.
Anyway, when people volunteer compute cycles to validating transactions/managing a portion of the block chain, they are rewarded with new crpto coins. This is what is known as mining. The process is criticized, however, because of just how much electricity is being used to validate transactions. Moreover, gamers, as an aggregate, hate it because mining is primarily done on GPU’s, which drives up the cost of GPU’s. Of course, this has been happening for years, but things have gotten exceptionally bad in the past 2 years.
IMHO, cyrpto currencies took off because of (1) trust (see third paragraph), (2) because they could initially be mined for damn near free (the amount of mining you have to do to get coins is small when a currency is young), and (3) people could use it to buy and sell illegal goods without fear of creating a “paper trail.” All three of these things instilled confidence in crypto currencies. And now, China has made their own official crypto, El Salvador has adopted bitcoin as their official state currency, and many more nations are looking at starting their own crypto’s or adopting an existing crypto. So yes, crypto’s are definitely here to stay. Moreover, they do indeed have a use.
Which brings us to Non Fungible Tokens, or NFT’s for short (FYI, the non-fungible basically means that it is not interchangeable. Like 1 dollar is, for all intents and purposes, identical to every other dollar. However, a painting is not identical nor interchangeable with all other paintings). They can essentially be thought of as a mashup between a meme and a cyrpto currency. There is no physical copy of the “artwork” to own, but you can be listed as the owner in an encrypted, online distributed database. Anyway, new NFT’s are created by adding them to an existing block chain. This is a process known as minting.
NFT’s have been taking off like gangbusters in the past couple of years. However, I believe that there is a massive speculative bubble surrounding them, and that a lot of people are going to lose a ■■■■ ton of money at some point. Regardless, NFT’s are virulently hated by lots of people for the following reasons:
- The environmental impact- they use the block chain, just like crypto currencies do
- Scamming- It is debatable whether or not they are inherently a scam, or merely being used to scam, but they are most certainly being used to scam
- GPU Prices- Further increasing GPU prices for gamers
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Screwing Artists- Needless to say, lots of artists are finding their work stolen -which is already bad enough. But what is adding insult to injury is that there are (apparently) strong mechanisms in place designed to ensure that people can’t mint a bunch of identical NFT’s, but weak and onerous mechanism for protecting artists.
- The Douchebag Factor/Availability Bias- naturally there are a ton of people getting into NFT’s that you’ll never hear of. However, it is douchebags who are becoming the face of NFT’s. For example, internet douchbag Paul Logan (who filmed a suicide victim’s body and who is accused of doing a crypto pump and dump scam) has apparently gotten into them. You also have random assholes threatening legal action against those who’ve posted pictures of their NFT’s. And now you have companies such as EA saying that they are the future of gaming. I mean, what’s next, Martin Shkreli starts minting NFT’s of the bills of customers that he’s price gouging?
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Violate people’s sense of fairness- at a time when lots of people are struggling to make ends meet, people see random assholes making a ton of money by trading memes on the internet as inherently unfair.
- Injecting NFT’s into Games- And, if all of that wasn’t enough, you now have gaming companies trying to get into the NFT game. Now, I think that trying to inject NFT’s into games is infinitely worse than trying to sell NFT’s on the side, but I still don’t like it. Selling NFT’s on the side is a lazy cash grab at best, and exploitative at worst. And injecting NFT’s into games will undoubtedly result in games that I don’t want to play. For one, it will encourage things like botting, macros, and item duping, and two, the devs will compromise on the experience in order to maximize revenue from NFT’s (just like they’ve been doing with loot boxes and other microtransactions).
Fortunately, gamers are pushing back hard against NFT’s. Ubisoft’s NFT trailer was apparently downvoted so hard that they delisted it, and the devs behind stalker have decided to abandon the idea. Of course, CCP minted some NFT’s with the last AT. The response was widely negative, but also not very large. I’d like to think it was enough to dissuade them from doing anything like that again, but I’m not so sure. What I do know, however, is that the “hardcore” gamer demographic does not like NFT’s (can’t speak for casual/mobile gamers). Thus, any dev who tries to introduce them has failed to read the room.
Anyway, the princess may have an AT NFT for sale, she may have minted her own Eve related NFT, or she may be trolling/scamming. Dunno.
Sorry for the long post, have an NFT potato.
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Dunno what happened, neither who you are. But …
Weak move dude, you caved to the QQ.
Feel free to point out my inaccuracies.
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<— much better 
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Interesting and thank you for the time you put into this.
Well as it’s Aiko it all must be above board , hehe
I am selling an NFT of Shipwreck Jones’ post (see above) for 3 billion isk. Your NFT includes one official screenshot of the post, and a verifiable blockchain proof of your ownership.
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21 back to back solo FOBs? 8 in one day? wtf man?
not that big of a deal. I’ve seen people do more or a daily basis.
Is Valerius Servilius his alt?
Sure looks that way…
I find your bio incorrect Mr Vexier…
You obviously fail at EVE if you can’t figure this out.
Holy necrothread batman.
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Who is Adrian Vexier ?
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Sorry, but necromancy is necromancy. Closed.
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