44
5Nfts are not simply images on the blockchain. The technology is not a scam even if scammers use one aspect of it to sell pixels for ridiculous sums of money
But please, don’t let me stand in the way of a misinformed circlejerk
-8
3
Look, I right-clicked $1.2 million.
(Full disclosure, it took a little more than right-clicking to download that image. OpenSea apparently purposefully makes it hard to download images. Not terribly hard, though. Only took me a couple of minutes to figure out.)
16Spent too long trying to figure out where the monkey icon was... Before realizing that the dumb squiggly was the nft
11Category Art
No, lol
6I just took a screenshot and cropped it! Second-easiest million dollars I've ever made and all the others have been just as fictional!
6Windows + Shift + Son Windows,Cmd + Shift + 5macOS (it might be option instead of shift actually).2
I usedto think Gary V was a pretty smart dude, back when I used to watch him during his early wine library tv days, I bought into his hustle mentality and up to some point he was the catalyst to push myself to become a professional and study a career. After years of watching his videos and seeing him grow in his advertising company he started pushing sneaker buy and resale (basically scalping) and buying and selling Pokémon cards and was confused but figured "to each their own I guess", shortly after he started pushing crypto and then NFTs and at that point I lost all respect for this dude because he's either an idiot and has been lucky all this time, or he's fucking scamming his followers in some sort of pump and dump scheme and stopped following him everywhere.
14Quoting a podcast: "So you're saying I own this jpeg but anyone else can still download it and do anything they want with it? Bruh, NFTs are just jpeg NTR"
11NTR? No Touching, Ronnie? Normally Trained Raccoon? Nerdy Technology Revealed?
5
God, and to imagine that people were serious about that shit. I mean, the people not using it for money laundering and scams
8They think the value would go up. Why? Who would want to buy it from them?
8Whatever people generally accept as a tradeable asset can be used as a currency. Be it a painting, a very old coin or a banana taped to a wall. Currency doesn't have to be directly useful, it just needs to be unique and give some kind of confidence in value. Paper bills are well established with high confidence in their value, even though they are really just pieces of cotten paper with a specific print. However, NFTs are linked to crappy artwork which seems to generally lower the general confidence in sustained value.
The general idea of NFTs is fine, but the execution is a shitshow of dimensions beyond my belief.
2
Honestly they can keep their pictures. Almost all NFTs are ugly and not worth the space on my hdd.
8Why do NFT bros even care that you download an NFT if the token is still theirs on the blockchain. Isn't that the whole point of the NFT?
8Bc they don't actually understand what NFTs are. They actually just own some JSON that contains a key (owned by them) and a link to some server that hosts that image which presumably will always host that image.
6
I can just see Oprah going, "and now you own it! And now you own it! And now you own it!"
7One thing I don't get: How were people convinced that an entry in a blockchain somehow results in ownership. People understand ownership and its limits: They lock their bikes when they leave them somewhere, because if there is no enforcement you can lose property. The NFT scammers never mentioned enforcement once, yet somehow you "owned" some ape picture. How did that happen?
7Away with your nonsense. This special flavor of Kool-Aid taste good!
2Note to self: Become a bridge trader.
1
2021 uuhg that year hasn't been current in ages!
3"I have a print of the Mona Lisa! That's just like owning the original!"
0Except this "Mono Lisa" is a digital file, which has no distinction between the "Original" and "Copies".
15In most cases the NFT isn’t even a file. It’s a URL to a centralized server. If that server goes down you are now the proud owner of a broken URL
12
"I own a reciept that says I own the original Mona Lisa but literally anyone else in the world can possess an exact, identical copy of the Mona Lisa for free. I'm an incredible investor!!"
11"I own the Mona Lisa; it's in a hermetically sealed safe, and I have the key. The value is that I own the original, given to me by the artist; the countless knock-offs have no impact on the fact that I own the original."
I once read that some reproductions of some famois art pieces display better technical skill than the original artist. The paintings are objectively better. The original will still fetch more.
Explain the difference to me.
-2
You don't even own an NFT. Even if I bought a print of the Mona Lisa, I at least have a physical, tangible thing in my hand. It might be worth fractions of a cent but at least it's more real than an NFT you might have spent actual dollars on.
10If I had an exact replica of every brush stroke of the mona lisa, it would be just like owning the original.
6I wouldn't because it would not have been painted by Da Vinci
0
Nfts are not simply images on the blockchain. The technology is not a scam even if scammers use one aspect of it to sell pixels for ridiculous sums of money
But please, don’t let me stand in the way of a misinformed circlejerk
-4
