21–30 of 268 posts
It's stupid at face value. No pyramid required. You cannot intrinsically link real world items to tokens. The source of truth is the real world, not the token. Add an unlimited supply of unique things, and how could anyone expect to make money from this?
NFTs are paying for a signature in a blockchain that links to a random URL. If you're lucky, it's IPFS and it'll go down when people stop hosting it. If you're slightly less lucky, it's whatever platform you went through that's operating an IPFS tunnel because cryptobros can't figure it out, and it will go down whenever your flavor or the month NFT site goes out of business, which is any time between six months and 5…
So basically: NFTs are a scam since the early adopters are not very good artists. And there is no unique value in them since its just Pepe memes, which are stupid to be NFTed, since it's just Gifs? Oh and let's not forget about the Ethereum fees and how shitty the tech is. This really reminds me on how everybody perceived internet in early noughties, when everybody was telling me it's shit and it will never ammount t…
The NFT Art market as it is seems to be about equivalent to the real world autograph market. It is likely vastly overvalued and the current sales are just people buying and hoping they can sell for more later like a Beanie Baby
I don't even know why I bother learning new frameworks and languages anymore.
It's stupid at face value. No pyramid required. You cannot intrinsically link real world items to tokens. The source of truth is the real world, not the token. Add an unlimited supply of unique things, and how could anyone expect to make money from this?
If you're thinking that the purpose of NFTs is to link real world items to tokens, you have a very weird view and would do you better to continue reading up on NFTs. In its most basic form, a NFT is simply a cryptocurrency token with the total supply of 1. Nothing more, nothing less. Anyone claiming anything else clearly don't know what they are talking about. The source of truth is the token, as it's only about the…
I hate this idea of people telling other people what to do or what’s good for them.
So basically: NFTs are a scam since the early adopters are not very good artists. And there is no unique value in them since its just Pepe memes, which are stupid to be NFTed, since it's just Gifs? Oh and let's not forget about the Ethereum fees and how shitty the tech is. This really reminds me on how everybody perceived internet in early noughties, when everybody was telling me it's shit and it will never ammount t…
Ironic coming from a website like fstoppers. What exactly is the "value" of fine art photography ? Why do people pay exorbitant amounts for basically a few hours of photos during their wedding, given that a wedding might end up divorce ? People pay for whatever has "intrinsic" value to them. If Digitally generated/cryptographic art is it, so be it.
It's stupid at face value. No pyramid required. You cannot intrinsically link real world items to tokens. The source of truth is the real world, not the token. Add an unlimited supply of unique things, and how could anyone expect to make money from this?
>You cannot intrinsically link real world items to tokens. Patents & trademarks?
The interesting facets all come from the legal consequences of ignoring them, not the serial number or whatever.
Let people do whatever the F they wanna do with their money. If they lose it, shrug , it’s their money. I hate this idea of people telling other people what to do or what’s good for them.
You have to put up with what other people do with it.