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Digital collectibles on Instagram is winding down

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Re: Digital collectibles on Instagram is winding down

#21

Post by KyeRussell »

tetrisgm wrote: post #4

What's interesting here is that it's not really affecting the perception of people who believe in web3. As someone who's working on a decentralized product, I speak with nft creators and collectors every day. They see this as a confirmation that Meta wasn't really in. There was also a perception that Polygon NFTs aren't as valuable. Interestingly, Reddit has managed to sell Polygon based profile pictures fine, and th…

Reddit’s successful feature enjoys its success for reasons that have nothing to do with NFTs or crypto or the blockchain or whatever else.

Re: Digital collectibles on Instagram is winding down

#22

Post by inconceivable »

KyeRussell wrote: post #19
kordlessagain wrote: post #8

Earlier quoted context omitted.

Crypto, and now AI, are likely the great differentiators between those who seek get rich schemes and those who lever up humanity through innovation, hard work and grit. If I had the ability to migrate to another planet, the last thing I’d take with me would be an NFT image of some stupid primate.

Are we still doing “AI is the new crypto” here? I’d like to think that we’ve moved past this by now.

just wait until they start really attacking AI. they'll roll out the same playbook.

1. dangerous new technology

2. that uses far too much energy (more than the entire country of X!)

3. do we really know how it works?

4. controlled by a shadowy cabal of super-coders

5. followed by a litany of anecdotal stories about victims of AI

6. and increasingly frequent and increasingly negative coverage of those getting rich off of it

they also used the same playbook against the internet, and open source, and mobile/social networking. probably the original cell phones too, at some point.

edit: oh, i almost forgot

7. turning the tables on any goldenboy/girl they previously pumped, then will viciously dump when the going gets tough or the inevitable fraud occurs. (unless of course they donated $40million+ to politicians)

i'm under 40 and i've seen this cycle about half a dozen times.

Re: Digital collectibles on Instagram is winding down

#23

Post by lozenge »

EGreg wrote: post #13
plugin-baby wrote: post #12

Earlier quoted context omitted.

Maybe read advice on how to deal with a friend or family member joining a cult. AFAIU, don’t criticise the hobby, and try to maintain contact, so that when he wants out he still has a friend.

Well, speaking of a cult, we have NFT.NYC in a few days here in my city. It has many corporate industry sponsors, takes over the largest hotel in Times Square for three days, and many of the billboards. Cults don’t usually have that level of industry involvement. And many people from all over the world will be coming to have fun with NFTs and try out new things. I guess Bitcoin can be considered a cult, too. HODL bec…

MLM is also a corporate sponsored cult and puts on ostentatious events. One commonality is how they tell you to remove negative influence, ie skeptical and concerned friends and family, as they hold you back from achieving success.

Re: Digital collectibles on Instagram is winding down

#25

Post by theK »

kordlessagain wrote: post #8
DisposableDave wrote: post #3

Sorry for the off-topic. This whole NFT debacle would be fun for me if it didn't cost me a dear friend; he's been working full-time on his "collection" for almost two years now, convinced he's "just around the corner of making millions" out of it when it's obvious the ship has long sailed. I guess there's more to it than just NFT craze, and he's probably struggling with other things, but his new "know-it-all NFT bro"…

Crypto, and now AI, are likely the great differentiators between those who seek get rich schemes and those who lever up humanity through innovation, hard work and grit. If I had the ability to migrate to another planet, the last thing I’d take with me would be an NFT image of some stupid primate.

I think I know what you are trying to say, but there night be an issue with your metaphor. The whole point of an NFT is that you don't have to take it with you as you owning it is chain state.

Re: Digital collectibles on Instagram is winding down

#26

Post by baremetal »

pavlov wrote: post #11
tetrisgm wrote: post #4

What's interesting here is that it's not really affecting the perception of people who believe in web3. As someone who's working on a decentralized product, I speak with nft creators and collectors every day. They see this as a confirmation that Meta wasn't really in. There was also a perception that Polygon NFTs aren't as valuable. Interestingly, Reddit has managed to sell Polygon based profile pictures fine, and th…

> “What's interesting here is that it's not really affecting the perception of people who believe in web3.” I think that’s the definition of belief: it’s not derived from facts so it can’t be shaken by evidence.

not all beliefs are non-factual.[1]

[1]https://plato.stanford.edu/entries/belief/

Re: Digital collectibles on Instagram is winding down

#27

Post by EGreg »

pcthrowaway wrote: post #18
EGreg wrote: post #13

Earlier quoted context omitted.

Well, speaking of a cult, we have NFT.NYC in a few days here in my city. It has many corporate industry sponsors, takes over the largest hotel in Times Square for three days, and many of the billboards. Cults don’t usually have that level of industry involvement. And many people from all over the world will be coming to have fun with NFTs and try out new things. I guess Bitcoin can be considered a cult, too. HODL bec…

> Cults don’t usually have that level of industry involvement Scientology probably puts NFT-bro-ism to shame with its level of industry involvement... It's just usually less in your face about the cult part.

I thought about mentioning scientology for comparison, to say I don’t remember Scientology taking over Times Square with a lot of industry participants… but then again I am not part of that world so for all I know they could have a huge convention in Vegas every year, with megachurches AND some sort of new books / auditing companies etc.

Re: Digital collectibles on Instagram is winding down

#28

Post by EGreg »

lozenge wrote: post #23
EGreg wrote: post #13

Earlier quoted context omitted.

Well, speaking of a cult, we have NFT.NYC in a few days here in my city. It has many corporate industry sponsors, takes over the largest hotel in Times Square for three days, and many of the billboards. Cults don’t usually have that level of industry involvement. And many people from all over the world will be coming to have fun with NFTs and try out new things. I guess Bitcoin can be considered a cult, too. HODL bec…

MLM is also a corporate sponsored cult and puts on ostentatious events. One commonality is how they tell you to remove negative influence, ie skeptical and concerned friends and family, as they hold you back from achieving success.

What about stuff like

Tony Robbins (self-help)

Landmark Forum (self-help MLM)

Billy Graham (Christian revival)

Joel Osteen (prosperity gospel)

etc.

They seem to help a lot of people with just mindset stuff

Re: Digital collectibles on Instagram is winding down

#29

Post by EGreg »

okeuro49 wrote: post #15
EGreg wrote: post #13

Earlier quoted context omitted.

Well, speaking of a cult, we have NFT.NYC in a few days here in my city. It has many corporate industry sponsors, takes over the largest hotel in Times Square for three days, and many of the billboards. Cults don’t usually have that level of industry involvement. And many people from all over the world will be coming to have fun with NFTs and try out new things. I guess Bitcoin can be considered a cult, too. HODL bec…

> Cults don’t usually have that level of industry involvement I think there's a level of money laundering involved.

I imagine it is the same with Bitcoin as well, and also highly overpriced art, and casino gambling, and investments in startups, etc.

Re: Digital collectibles on Instagram is winding down

#30

Post by itsmartapuntocm »

EGreg wrote: post #28
lozenge wrote: post #23

Earlier quoted context omitted.

MLM is also a corporate sponsored cult and puts on ostentatious events. One commonality is how they tell you to remove negative influence, ie skeptical and concerned friends and family, as they hold you back from achieving success.

What about stuff like Tony Robbins (self-help) Landmark Forum (self-help MLM) Billy Graham (Christian revival) Joel Osteen (prosperity gospel) etc. They seem to help a lot of people with just mindset stuff

Joel Osteen is great at helping people give him money in return for absolutely nothing.
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