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Oculus Spirit [97657]
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RIP to the NFT's? Well, this is unexpected.....
May 25, 2022, 12:07 PM
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https://www.msn.com/en-us/news/technology/they-spent-a-fortune-on-pictures-of-apes-and-cats-do-they-regret-it/ar-AAXHTUa
I know the purpose of NFT's. And in the classical art world, with priceless paintings, they can be a great way to establish ownership. But for pictures of squirrels? Apes? ###? If you have a NFT of a .jpg picture, let's say, and it's a famous picture, then there may be millions of copies on the internet. Anyone can have one. What would make having the NFT for that picture have any added value to anyone? Everyone can already save a copy of the same picture. There is no trademark or usage rights established by NFT's. It just means you "own" it, the "original". But there's still 23 million copies all over the internet, and everyone can right-click and save as. And then someone has the SAME picture saved that someone else paid $1 million for the NFT or whatever.
Just never sold on the fad....
If it's a tangible item you can possess, then a NFT can have some value. But for digital pictures, what does it add?
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Oculus Spirit [80977]
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I always took it to be analogous to cryptocurrency
May 25, 2022, 12:11 PM
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and don't most tie back to a cryptocurrency blockchain?
I get the concept, but never messed with them.
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Oculus Spirit [97657]
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I see a purpose
May 25, 2022, 12:13 PM
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Just not for digital stuff.
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Oculus Spirit [75673]
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I guess their purpose was for a few people
May 25, 2022, 12:19 PM
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to rip off some people real quick like. If these things aren't trademarked or anything and "owning" the NFT doesn't even make it so you can stop someone from using it, then just what is the point?
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Oculus Spirit [80977]
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They are though, through the blockchain, right?
May 25, 2022, 12:21 PM
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I mean I can take a picture of a dollar, too..that doesn't mean I can spend it
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Oculus Spirit [79400]
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That's my understanding, is proof of ownership is documented
May 25, 2022, 12:26 PM
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on the blockchain. I can maybe see it being useful for property titles and things like that, but never got NFT craze in it's current form.
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Orange Blooded [2692]
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Re: RIP to the NFT's? Well, this is unexpected.....
May 25, 2022, 12:42 PM
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A lot of popular nfts were manipulated to an extreme via wash trading, many wash-traded their nfts over 800 times, baking fake volume in to influence naive investors that they were legit purchases. Mostly pump and dump.
The best NFTs to invest in will be unique identity and domains via platforms like ENS, real estate, hotel rooms, and parametric insurance.
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Heisman Winner [105429]
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TIL I am stupid
May 25, 2022, 12:46 PM
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because that made absolutely no sense to me.
Or you just Billy Madison'd us all.
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CU Medallion [60205]
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glad I'm not the only who fails to grasp this trend
May 25, 2022, 1:09 PM
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and that's what I think this stuff is, a trend that will one day be a segment on a "Relivin' the 2020"s" pop TV show. This is looking more and more like today's "Beanie Babies".
Everything is valuable if you can find a buyer.
But the opposite is also true.
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All-In [26673]
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I’m here to help
May 25, 2022, 1:39 PM
[ in reply to TIL I am stupid ] |
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Pump and dump is a term similar to one night stand. Bring home some sweet ##### for a few hours fun, then leave her on the curb crying as you move on to the next one.
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Orange Blooded [2692]
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Orange Blooded [2692]
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All-In [42668]
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All-In [31364]
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Re: RIP to the NFT's? Well, this is unexpected.....
May 25, 2022, 12:49 PM
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My thoughts about NFTs and Crypto… if you’re dumb enough to spend money on a jpeg of a monkey or something called diarrheacoin, you deserve to lose every cent of it. It’s like credit default swapping but for incels.
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Oculus Spirit [79114]
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diarrheacoin...now that's something I HAVE to have.***
May 25, 2022, 12:50 PM
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All-In [31364]
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Oculus Spirit [79114]
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Thank you for making my day.
May 25, 2022, 12:57 PM
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I thought you totally made that up.
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All-In [31364]
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Re: Thank you for making my day.
May 25, 2022, 12:59 PM
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In its defense, diarrheacoin is the most liquid asset you can buy
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Oculus Spirit [79400]
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Heisman Winner [137787]
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All-In [42668]
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Oculus Spirit [79114]
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When it's going up the charts and you feel a nasty
May 25, 2022, 12:58 PM
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shart DIARRHEACOIN..DIARRHEACOIN
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All-In [42668]
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When you're spending like a kaiser and your
May 25, 2022, 1:06 PM
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bottom is a geyser DIARRHEACOIN..DIARRHEACOIN
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Oculus Spirit [79114]
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When you're rolling like a Rockafella and
May 25, 2022, 1:19 PM
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your stool is really loose and yella DIARRHEACOIN..DIARRHEACOIN
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All-In [42020]
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Saw an ad in TIME
May 25, 2022, 2:28 PM
[ in reply to Re: RIP to the NFT's? Well, this is unexpected..... ] |
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For Unicoin. And it had a unicorn as a logo. And a bunch of mug shots of supposedly notable people from something called Unicorn Hunters who were apparently launching it and how you should get on board.
If "notable" people can just fabricate "currency" out of thing air and people are dumb enough to invest in it/get taken by these notable people, they deserve everything that comes to them.
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Heisman Winner [135474]
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There are few things in this world actually worth investing
May 25, 2022, 1:11 PM
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in...those being weapons, ammo, shelf-stable foods, water filters, gas masks, Geiger counters, sturdy boots, and rope.
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Heisman Winner [105429]
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and diarrheacoin***
May 25, 2022, 1:16 PM
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Oculus Spirit [79400]
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Oculus Spirit [97657]
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Heisman Winner [135474]
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Good to own both.
May 25, 2022, 2:33 PM
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If you're really good at running a liquor store, it can directly feed your funeral business.
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