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Keanu Reeves Thinks NFTs Are a Joke

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Re: Keanu Reeves Thinks NFTs Are a Joke

#21
post #9

NFTs are technically good, with strong fundamentals, and real world applications, the same way ICOs were. But the way they are used has been absolute shit, and nothing sort of utterly useless.

I lean in the same direction, I thought ICOs were a very cool way to replace kickstarter: raising funds, staking ownership, if some enterprise was successful you could even sell your share at market value, or cash out early if you're starting to doubt the campaign's ability to ship the product (if you can find someone willing to take the risk at a lower price) Unfortunately even more than that they lend themselves to…

There are literally thousands of dApps developed and governed by DAOs funded by ICOs which tens of millions of daily active users derive economic value from. Sure, lots of ICOs find vaporware. But so do the overwhelming majority of VC investments.

Re: Keanu Reeves Thinks NFTs Are a Joke

#22

Nothing against Keanu Reeves, but why is his opinion about NFTs worthwhile news to anyone? The story isn't inconveniencing me in any way, so I should let it go and move with my life, but I can't help but feel that stories of this nature are nothing more than noise; useless, trashy noise that clogs our minds and doesn't add value to anyone other than a magazine editor who needs to cover SOMETHING for engagement's sake…

Your question re-framed as "why is any famous person's opinion on a topic outside of their expertise worth anything more than some person in a bar?" Is an entirely fair question with the answer "It isn't!"

Sadly we seem to a very, very long way from that obvious truth. Being famous is vastly more important than knowing something through hard work when it comes to your thoughts being heard. Especially given most famous hollywood people are famous for being attractive to look at and if they have any skill at all other than having luckily failed upwards that skill is to lie, convincingly enough so you believe it even when you know it is pure fantasy, the thing becomes clear. There has been many such people opining on NFTs.

From TFA: Hence, it’s incredibly refreshing to see Reeves react so honestly - most celebrities have embraced the technology with alarming enthusiasm; beloved figures such as Snoop Dogg, William Shatner, Doja Cat, Tony Hawk, Eminem, and Grimes have all endorsed NFTs. Reese Witherspoon even tried putting a pseudo-feminist spin on the fad (because equality means women should be participating in pyramid schemes too!).

I don't know how to counter it. I strongly think that any agreement concerning the content of an interview (no questions about X, if my PR client movie star looks bad you never get another interview from anyone I represent etc.) in the media should be the opening paragraph but there are so many ways around it. Maybe if a few reputable news organisations had a charter they followed saying they will never agree to a no-go area to secure an interview and were willing to fire any employee who does it in disgrace, celebrities might have their luster reduced compared with people who should be interviewed. Also the transcript of any interview should be published in full as there has been a lot of BS from the media where the pretend to do an interview then report "impressions" from it rather than its content which have clearly been very misleading at times.

Re: Keanu Reeves Thinks NFTs Are a Joke

#23

Nothing against Keanu Reeves, but why is his opinion about NFTs worthwhile news to anyone? The story isn't inconveniencing me in any way, so I should let it go and move with my life, but I can't help but feel that stories of this nature are nothing more than noise; useless, trashy noise that clogs our minds and doesn't add value to anyone other than a magazine editor who needs to cover SOMETHING for engagement's sake…

I think any takedown of crypto and NFTs is a benefit to society at this point, so I welcome whoever is debunking it.

Re: Keanu Reeves Thinks NFTs Are a Joke

#24
If you don’t place a financial value in them, to me they’re like a domain name where this decipherable object always resides

Money is ephemeral and the Fed seems to have no issue reproducing it

It’s not like producing, storing, real currency has zero environmental impact, or banking computers use zero energy

Nice guy bad actors are everywhere, I’ve pirated The Matrix every time I want to watch it; never have paid to see it outside the original theater run.

Whoa.

Re: Keanu Reeves Thinks NFTs Are a Joke

#25

Earlier quoted context omitted.

I lean in the same direction, I thought ICOs were a very cool way to replace kickstarter: raising funds, staking ownership, if some enterprise was successful you could even sell your share at market value, or cash out early if you're starting to doubt the campaign's ability to ship the product (if you can find someone willing to take the risk at a lower price) Unfortunately even more than that they lend themselves to…

There are literally thousands of dApps developed and governed by DAOs funded by ICOs which tens of millions of daily active users derive economic value from. Sure, lots of ICOs find vaporware. But so do the overwhelming majority of VC investments.

Sorry, by "real world product" I was thinking the kind of thing that gets funded on Kickstarter, e.g. hardware or at least some kind of entertainment production.

I'm aware there's thousands of dApps and DAOs but I don't know what any of them actually do besides pay early participants with funds derived from later participants.

Re: Keanu Reeves Thinks NFTs Are a Joke

#28
post #13

Earlier quoted context omitted.

They're "fine" to the extent that the vacuum is fine - they are complete non-entities with zero worth beyond what grifters and idiots attribute to them. I will cast a hail of stones on the concept of copyright gone (even more) batshit insane with absolutely no hesitation.

> I will cast a hail of stones on the concept of copyright gone (even more) batshit insane with absolutely no hesitation. I dislike DRM as much as the next guy, but DRM had pirates, and NFTs have right-clickers. The problem with DRM, particularly on games, is that it restricted access. Most NFTs are still just images and basic media and don't have any impediments to distribution. I think someone getting sued because…

The right-clickers aren't thinking ahead, or alternatively, NFT backers are thinking too far ahead. The endgame is, inside a metaverse you don't get to view the media you haven't bought a license to - Fortnite is a unique world in that they can license IP from Marvel, Star Wars, DC. The shinyness of the Ready Player One universe owes itself to that mixture of nostalgia of all different properties. I don't know that an open-source / pirate-friendly platform will be allowed to exist.

The NFT backers are placing their bets that intellectual property will be more rigidly enforced in the future. Basically conferring "First-sale Doctrine" to digital assets. The right-clickers think nothing will change and that platforms without "Right click -> Save As" will fail to catch on.

Maybe NFTs have a future, but as Richard says in Silicon Valley S03E09, "being too early is the same as being wrong"

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