131–140 of 423 posts
Earlier quoted context omitted.
Is there any case of NFT that is not some combination of get-rich-quick scheme, Ponzi scheme, search for a bigger fool, FOMO-powered stupidity, extracting money from naive people or satire of NFT? And NFT part adds anything substantial and is not replaceable by regular transfer (either transfer of money or BTC-like)?
NFTs could be used to manage domain names, which might be a helpful replacement for ICANN.
Earlier quoted context omitted.
I like the takeaways, though I'd also add an additional one, that you should use systems that have reversible transactions. That way, when you fall victim to fraud, you can use the court system to recover your losses.
This is just saying “that’s what you get for playing with crypto you degenerate”. The fact is wires can also be irreversible and you cannot use the court system as a blunt instrument outside your jurisdiction. The value transmission medium isn’t the problem here.
"She tells me a bit about her metaverse project, Space Falcon. I'm not really sold on it, but I'm not really an NFT person so I didn't have any reason to think it was a bad idea either.[...] It seems kind of like a get-rich-quick scheme, but again, that's kind of how I see a lot of NFTs. With all that she's doing for Arrow, there's no harm in showing a little support." The real takeaway from this is that it's dangero…
And FWIW I'm not sure "fraudulent" is the right word. NFTs are not a fraud, you usually get what you pay for, a mediocre jpeg, and perhaps a really primitive game.
And to be fair, what are the odds his VTOL company will ever produce anything either?
Earlier quoted context omitted.
I see. But.. why? Isn’t that a remarkably bad idea? Or is there some crypto advantage to keeping every last coin in the same basket? Other than it being a flex.
There’s no advantage, just laziness. A wallet like that shouldn’t be easy to access and should never be used for for anything other than funding their other hot wallets.
This was a multi-week long social engineering scam targeted at Thomas. Thomas has a Discord for a drone transportation startup, and the scammers proceeded to embed themselves in the community and provide valuable labor such as web design and graphics design in order to earn his trust. Thomas's wallet is public and advertised on Twitter via his ENS domain. He had $100M+ in aETH, a derivative token provided by Aave whe…
I like the takeaways, though I'd also add an additional one, that you should use systems that have reversible transactions. That way, when you fall victim to fraud, you can use the court system to recover your losses.
Earlier quoted context omitted.
NFTs could be used to manage domain names, which might be a helpful replacement for ICANN.
How would it work and what aspect would it improve?
News flash: you were social engineered into buying ETH in the first place.
I paid off all my student loan debt and bought a house last summer because I got scammed into buying ETH about 2 years ago. Thanks for your insight though.
Earlier quoted context omitted.
How would it work and what aspect would it improve?
The NFT part keeps track of who owns what domain. It would improve the situation by getting rid of the questionable organization running things presently. (See: the .org scandal)
And changing the organisation is a completely separate question from which database technology they use. IF you just switch from SQL to NFT the organisation will not suddenly become less corrupt, or whatever the issue with them is.
Earlier quoted context omitted.
I like the takeaways, though I'd also add an additional one, that you should use systems that have reversible transactions. That way, when you fall victim to fraud, you can use the court system to recover your losses.
This is just saying “that’s what you get for playing with crypto you degenerate”. The fact is wires can also be irreversible and you cannot use the court system as a blunt instrument outside your jurisdiction. The value transmission medium isn’t the problem here.
Try getting your money back when getting scammed via venmo or PayPal - rarely any better, and if you’re selling you’re more likely to get scammed with those services than crypto.