Hive Punks: Edicted Drinkin' the Kool-Aid
I have talked A LOT of trash about NFTs.
On Ethereum, they are only represented by a condensed hash that can't be reverse engineered to create the picture. The picture must be stored (usually on a centralized server) and can be lost. Even if this is not the case, an NFT that is just a picture has no utility and is just pointless.
But apparently that didn't matter.
Because as soon as @themarkymarky / @punksonhive / @blockheadgames launched https://punks.usehive.com/ I went ahead and bought 13 of them regardless of all my previous trash talk.
Side Note...
13 is a sacred number that was demonized by Christianity.
Only 10 of my 13 punks have been minted so far. At 20 Hive a pop that's 260 Hive, which simultaneously is and is not a lot of money. As someone who has bought a lot of Hive at ten cents multiple times it almost feels like $30 instead of the current market price of more like $200. Crypto/abundance is weird like that.
I put my rarest punk on the market because she was a sickly green Alcoholic writer. But as the hours ticked by the rarity of my rarest punk kept diminishing, presumably due to other punks being minted in real time with similar qualities.
These things are weirdly addictive... I can see now why they gained traction on Ethereum. This is very much a "rich man's game", in that novelty NFTs like this with zero utility will become worth more money as people within the ecosystem get richer and richer and they are just looking for somewhere to spend it within the ecosystem.
This is a great example of how anyone can build anything on Hive and as long as it has a bare minimum of "fun factor" to it people in this community will support it.
Looking to the future.
What's the point of HivePunks? There is no point. That's the point!
Get it? Got it! Good!
But what if there was a point?
Now that this clone has popped into the Hive universe it gives me that fresh round of ideas I was mulling over in the past. What if you added utility to these Punks? What if someone built a game or another service, and the only way to play the game or use the service was to own a Punk? We can see by extrapolating these concepts that value can be built on top of value within a decentralized ecosystem.
Is... it... decentralized?
I mean no not really. At least not right now. Consider this a testnet on a private server loosely linked to Hive. But just because it's not now doesn't mean it won't be later.
How do I know if something is decentralized?
Within the context of crypto it is quite simple.
One must ask a few questions.
- How many nodes/servers are verifying this information.
- If the information is incorrect on one of these nodes, are their mechanics in place to prevent users from being victims of fraud and counterfeiting?
Obviously something like HivePunks is just running on one node controlled by one entity at the moment, but these are certainly ideas and structures we can build off of, as HivePunks are "provably fair" and are still loosely connected to the blockchain with random hashes confirmed by the Hive network.
Rarity
The "rarity" of the Punks is determined by algorithm and don't mean a whole lot in terms of aesthetic or actually enjoying the NFT. Even though my "Delilah Mcdonald" only has an algorithmic rarity of 208, I have yet to see a Punk on the market with pink hair, plus she's a Robotics Engineer which is a way cooler job than 90% of the other jobs assigned to the punks. Bookkeepers and Attorneys need not apply. Clearly drinking the Kool-Aid on this one.
Conclusion
I am surprisingly fascinated by this ridiculous development.
Lots of things going down on Hive.
Let's not forget that NFTs and whatever else on Hive don't have the friction of all those $200 Ethereum gas fees. As Hive starts going up in price that zero friction is going to make a big deal going forward.
But most of all, we should be thinking of ways to build utility on top of NFTs like this. Nothing stops us from building on top of NFTs that theoretically have no objective value. Doing so would turn subjective speculation into a real economy.
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Only today found out this existed! I'll probably be getting a couple of them too. 😎
huh? Jesus and his 12 disciples equals 13.
Can you please point me to the passage where 13 is demonized in the bible?
That's the rumor.
Judas was the 13th of the diciples. :)
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I had to leg into also. We will see what happens.
Figure it is worth the risk to see what we can get back. Like you said, it is addictive. If Marky can tie it to other projects, who knows what will develop.
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Better get myself some too! Sounds like ridiculous fun! Lol
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FUN FUN FUN
it's really cool and I'm starting to feel the thrill of the NFT world, big TIMES!
I think they sell out this weekend! I also grabbed 20 or so
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Looks like it's sold out today!
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Crazy punks are here on Hive and we were hungry for them. Hype is real, a good discount during Hive Fest and probably soon will sell out!
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I thought this was very creepy, they were side by side in the market.
Not only did they have matching attributes, they had matching professions.
Maybe they are a couple 😂
!ALIVE
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They're watching each other like they have unfinished business with each other 😁
I can't believe wizard is seeking 82,000 Hive for something they bought for 20 yesterday. God, I hate greed. I'd be embarrassed to seem that desperate.
She doesn't seem impressed.
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AND they appear to be looking at each other...
lol wtf!
Everything about it is wow, the profession, the clothing, the rare type, the fact they showed up side by side in the market.
also one of them is mine so... extra weird for me lol
the odds for that to happen are staggering, it's like fate brought them together.
Classic example of 'you never know unitl you try'. I think an exclusive game featuring NFTs would sell quickly. For punk, if such a game was developed, 20 Hive could quickly become 1000 Hive per NFT
I got 3 yesterday... trying to not buy 500 today.
I only grabbed one. I figured it was worth at least buying one even if it's only for the joining in on the fun.
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I mean 1 silly little pixel picture for 20 hive is plenty.
Everyone else going ham, good for you.
:D
Been waiting for your post, was curious to know how many you got. Nice punks you got there
I really do hope that NFT in general isn't a fad - it has so much potential. Gaming, fine art, trading cards, and things we have yet to think of!
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I was always against this type of stuff - I mean what's the point of it?
but I got my Punk and, surprisingly, it feels good to have one :)
yeah same it's weird
@edicted I want to know how I can buy a hive punk please help me I am not able to login on https://punks.usehive.com/ from android mobile?
You may need keychain. Not sure if that is on mobile yet.
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The "fun factor" is also why Crypto Kitties were a thing for a while.
But when the fun wears off and people get bored, they move onto the next thing, and valuations drift back down to earth. Methinks your original scepticism towards NFTs was the correct judgement.
IMO the real power of NFTs is gaming.
More specifically MMORPG.
Wait, aren't they on hive-engine, which has witnesses and is technically decentralized?
I wouldn't say even HiveEngine is decentralized. Token creators can mute whoever they want and mint tokens whenever they want.
I can't say with any certainty how this works, but it seems like the punks are just sitting on a single server run by @blockheadgames
The punks are not on my server they are decentralized across all of the Hive Engine nodes.
Hive Engine nodes store picture files?
Perhaps I should learn more :)
No there is a data property pointing to ipfs (decentralized storage) that includes media assets, metadata, and transaction data.
Ah cmon you know I know what IPFS is.
Alright fine I will start my apology tour shortly.
Nice work.
Yes, the pictures are typically stored on a centralized way. Even IPFS it's not perfect, BUT...
No one cares where is the picture. What matters is the actual NFT. As in the non-fungible token, with the ID. If you have it, you have access to all the features built for the punks, or the exclusive communities, etc... Today Ethereum wallets containing crypto punks are receiving airdrops from new projects as they try to get some big users to use the project.
For example, BOTTO is an interesting NFT project, with art generated by an AI and sold on auction each week. They airdropped a big percentage of the initial supply to owners of some NFT collections, such as crypto punks.
What matters is the NFT. The rest is just design, to make you fomo on dumb jpegs.
True, hive engine needs to improve
Yes they are on Hive Engine nodes not mine.
This does seem like a fun project. I have seen some weird stuff in the crypto space with people willing to shell out loads for said 'weird stuff'. I got two and hope that I can have my retirement plan sorted.
I'm a bit confused about the rarity. Is it the higher or lower the number that makes it rare?
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Usually rare are the first mint and beautiful numbers, such as 11, 22, 666 and so on. And usually they can be sold for more
The two I got are in the hundredth but nothing special or memorable. I may try to sell one when the craziness starts.
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Yes, a good plan.👍 Punks always go against all logical concepts)
question, i bought 2 of them, but i cannot see them. what should I do?
(I think i bought them -> 11/13/2021- 40.000 To: @punksonhiveHIVE right?)
I bought 1
then i bought 10
then i bought 2
I only received the batch from the 10.
Either you'll get them or you'll get a refund.
Marky is working pretty hard to fix the bugs.
you can see them on some other site, see the creator last post in comments
This brought me a chuckle!
I also bought my first NFT today.
I have also got a few punks... I don't know how, but I feel privileged.
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Your Punk is amazing.
!PIZZA
Next project that should be cloned on hive is Cryptovoxels... digital real estate on the blockchain with Minecraft like building mechanics!
All the best with your newest ridiculous interest @edicted!! Hope the kool-aide is yummy! Lol
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Nope! I still don't get it.
Good!
I dont think Hive should be focused on NFTs. Look at Splinterlands, although NFTs are an element the main focus is on the game! Hive should be about DAPPs that offer value, essentially small crypto businesses.
Eth will always win NFTs because that's where all the rich and stupid people are!
We don't get to tell people where there focus should be.
People are people and they are going to do whatever they want.
That's kind of the point we have going here,
even if it's frustrating that decentralization lacks leadership and direction.
I guess you are right, ultimately the applications that are popular in the long run will succeed. All a waiting game.
Thank you for saying this: "The picture must be stored (usually on a centralized server) and can be lost. Even if this is not the case, an NFT that is just a picture has no utility and is just pointless."
I really wish more people understood that. OpenSea is going to go down as the biggest scam of the 21st Century I do believe. But there will be lots of money made there, until there's not.
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i have 3 punks. Im VIP now.