Bored Apes' Yuga Labs lays off employees | Hacker News Reader

Bored Apes' Yuga Labs lays off employees

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39 pointsbathtub36526 comments

I'm curious to know what kind of projects this company has. The ugly monkey jpeg industry doesn't seem to have that much user demand if you take away the promise to get rich fast, so surely they must have other crypto projects in mind?

I never understood the business model of NFTs. The value was so easily diluted through duplication and fraud, that I still can't wrap my head around how people actually spent money on this.

It was never about the monkeys... though 99% of the users don't understand that.

A picture of a monkey is reproducible.

Owning an entry on the block chain that maps to a rare monkey via a procedural art algorithm is not so easy but also not impressive.

Few users understood the distinction, with both ends of the bellcurve knowing it's stupid

For a few, there was a fleeting moment of hope there would be a monkey club that the NFT would act as a token into, or for.

For some, it was a speculative investment, based on the future value of that access token.

For many more, it was a speculative investment based on popularity/"line go up"/shiny new thing.

I’ll just leave this well researched documentary here which is being censored from YouTube search results despite millions of views.

https://youtube.com/watch?v=XpH3O6mnZvw

I turned the video off at around the minute mark when he said "dog whistles", a term that culture warriors use when they really want to call someone racist but can't point to a single instance of actually racist remarks.

The dog whistle idea has a decent amount of merit with me, but one signal is not enough to call dog whistle on, it's the combination of many.

I see people online with "88" in the username and lo and peep another comment featuring a black sun, later on they're suspended for hate speech. I see people mention "international bankers" and what do you know they're later dropping parentheses around random words and denying the Holocaust.

It's a just a heuristic, it doesn't map to the real world all the time but fairly reliable online. For a crypto group I can totally see this applying.

Nah, not good enough. I've seen people accused of being racist for using "dog whistles" like the "ok hand" emoji or the letter 'H'. It's not a good heuristic, it's a way to accuse people of being racist for no reason.

Read their first sentence again

Given how effective this has been for me I'm going to guess this is actually a selection bias issue.

You're noticing people doing it wrong because when people do it right you don't see anything at all, the accounts just go poof some point later when they're banned for policy violations.

You admittedly would have 0 idea if any instances of racism were pointed to since you turned it off after a minute due to a single phrase that's exited for a long time being used.

So we're upvoting conspiracy theories to the top of HN posts now so long as they're anti-crypto? Are you kidding me? Since you're all already entertaining truly unhinged theories, here's a counterpoint [1]. Gordon, one of the founders, is also Jewish.

The documentary is being censored because it is insane conjecture of the same grade as Russian war propaganda.

[1] https://www.inverse.com/input/culture/bored-ape-yacht-club-n...

This is explained in the video.

If it was one similarity it might as well be a coincidence. But it’s not one thing, but dozens which are clearly Nazi-inspired. And they’re very deliberate, e.g. puzzles consisting of many anagrams resulting in something nazi-inspired. This is tough work to plan.

The fact that he’s Jewish is also brought up. I really urge you to continue watching.

I did, months ago. This is human pattern-recognition gone haywire.

This is denial in action. They literally put nazi uniforms on them, use nazi anagrams, nazi symbols, nazi slogans, nazi songs. Let me ask: what would it take for you to stop considering this a coincidence? It sure looks like there is no threshold for you.

I watched this one, and yeah, a lot of these edgie kids are little pricks, but whether or not they're going to Bring About the Coming Race, I frankly don't think the blockchain kids have the balls. The whole shebang is a little weak, but I am open to the idea that they're feeding the Thiel/Palantir/Literal Nazi Vampire complex. I just need some data, not association.

If you're gonna blow an hour or two on NFT YT docs, I'm still recommending Dan Olson's "Line Goes Up" as the go-to. I guess everyone's probably seen that by now, but it's a far less "this guy painted a picture that looks like this other thing" and much more of "yes, Powered By The Blockchain is an awful lot like saying your ship is powered by an anchor chain that gets longer every port and which can't be reeled up.". Dan also does a pretty good job of dialing in the villains, who are, surprise surprise, the same class of fintech a-holes who have driven America into a gulch.

I'm surprised they still use the totenkopf-inspired logo...

It’s one of the many Nazi symbols they use

https://m.youtube.com/watch?v=XpH3O6mnZvw&pp=ygURUGhpbGlvbiB...

They don't. It's not "totenkopf-inspired".

It's not?

Are you serious? Do you actually believe that?

Do you actually believe the unhinged raving of one person making claims Yuga Labs has stated, repeatedly, are false? What do you suppose the agenda is of an NFT company other than produce NFTs and get rich? Inherit the earth with all their spoils so they can start the Fourth Reich?

Are you serious?

Did you look at the logo? It's very obviously a reference.

tulips

At least tulips are pretty...

The Dutch flower markets are still a big tourist attraction, on the top lists of things to do in Amsterdam.

People say “bubble” with their mind so focused on what they think is dumb ways of spending money, and they miss the lasting cultural impact, which is actually what matters.

I’m not a fan of the apes(there’s more interesting tighter communities in the nft space), but I see more and more ape-branded stuff appearing here in China. That’s probably not making the nft holders any direct money as they’re unlikely to be paying for taking the images, but these waves are unpredictable.

Mona Lisa wasn’t that famous till it was stolen…

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