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NFT’s

NFT’s

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Non-fungible tokens.
Really?

From wiki:

Proponents of NFTs claim that NFTs provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain.

An example:
https://motherofcreation.xyz/

That’s a triptych of Madonna giving birth to various things. Or, a digital representation of Madonna doing these things.
You can view it online, download it, etc.

But, via blockchain, you can own it. And re-sell it, etc.

Why the hell would you want to own something that’s digitally available to all?
Okay, why the hell would you want to own it anyways, but my point is: if everyone can have it for free, why pay to own it?

It seems very much like a scam to me.


Butters will explain it to you:

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Hahaha

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@athousandyoung said
Butters will explain it to you:

[youtube Butters NFTs]N8f-BQFo7lw[/youtube]
That really is all it is. I love South Park.

1 edit

@shavixmir said
Non-fungible tokens.
Really?

From wiki:

Proponents of NFTs claim that NFTs provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain.

An example:
https://motherofcreation.xyz/

That’s a triptych of Madonna giving birth to various things. Or, a digital representation of Madonna doing these things ...[text shortened]... nt is: if everyone can have it for free, why pay to own it?

It seems very much like a scam to me.
dude you're getting annoyed by a stupid fad AFTER it had already crashed and burned. A bit late to the party?

It was a pyramid scheme and now some idiots are left holding the bag 'o crap.


@athousandyoung said
Butters will explain it to you:

[youtube Butters NFTs]N8f-BQFo7lw[/youtube]

is better

2 edits
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@shavixmir

If you have the time, this is worth a watch.

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@athousandyoung said
Butters will explain it to you:

[youtube Butters NFTs]N8f-BQFo7lw[/youtube]
FIDE are in on this too, incredibly.

"FIDE became the first international sports federation to launch its very own NFT marketplace,"

I won't provide a link.

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@russ said
@shavixmir

If you have the time, this is worth a watch.

[youtube Line Goes Up – The Problem With NFTs]YQ_xWvX1n9g[/youtube]
Interesting. I’ll watch it tonight. Cheers!


@Russ
The first few minutes of that contains the best "2008-crash-in-a nutshell" explanation I've seen. I'll find the time for the rest of it. Thanks.

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@russ said
@shavixmir

If you have the time, this is worth a watch.

[youtube Line Goes Up – The Problem With NFTs]YQ_xWvX1n9g[/youtube]
A small sub-point… how the hell do you inbed the youtube films?

6 edits
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@shavixmir

Insert as follows :

[ youtube A Title Text For The Button]NNNNNNNNNNN[/youtube]

NNNNNNNNNNN = 11 character code for a YouTube video - you will see it on all YouTube URLs/addresses.

For example, take this code :

https://www.youtube.com/watch?v=dQw4w9WgXcQ

Remove spaces after opening "[", of course, but title can be whatever you like.

Or just post the link and RHP converts it, so :

https://www.youtube .com/watch?v=dQw4w9WgXcQ

becomes :

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Test

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Ohhhh! Cheers!!

Cool beans.

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@russ said
@shavixmir

If you have the time, this is worth a watch.

[youtube Line Goes Up – The Problem With NFTs]YQ_xWvX1n9g[/youtube]
That was really good.
Quite depressing though.

Thanks.