The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations

Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.

Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.

  • Hoyt [he/him]
    ·
    10 months ago

    embarassingly naive. The only thing Blockchain technology is good at is fleecing people who still havn't realized its a failed technology with no future beyond money laundering and scamming rubes

    • Sinonatrix [comrade/them]
      ·
      10 months ago

      Actually block chain powers the world's best version control system used by millions of people, it was really revolutionary

      • UlyssesT [he/him]
        ·
        10 months ago

        Public ledgers fix a lot

        They also drastically multiply the amount of wasted electricity and dump a lot more carbon. It's a solution trying to make its own problem to solve that also burns the planet that much faster.

        EDIT: NFTs are typically minted with Ethereum, which spends a lot of electricity already. If you want to dream up a magical version of a rent-seeking token that doesn't do that, that's cute, but it's not what's happening with rich techbros trying to get people to buy ledger spaces that are associated with ugly cartoons.

          • UlyssesT [he/him]
            ·
            10 months ago

            There's a difference between using electricity and using more electricity, especially a lot more.

            EDIT: NFTs are typically minted with Ethereum, which spends a lot of electricity already. If you want to dream up a magical version of a rent-seeking token that doesn't do that, that's cute, but it's not what's happening with rich techbros trying to get people to buy ledger spaces that are associated with ugly cartoons.

            I get that you want to pull a "how do you do, fellow leftists" and peddle internet funny money and/or rent-seeking magic ledger spaces here. It's not cool. Stop it.

              • WoofWoof91 [comrade/them]
                ·
                10 months ago

                nft aren't actually pictures, they are a hyperlink to a picture that can be changed or removed at any time with no recourse

              • UlyssesT [he/him]
                ·
                10 months ago

                They are ledger spaces on a database that are often but not necessarily associated with pictures.

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

                You're a fucking clown, and the circus isn't selling enough tickets for you to stay in town. Leave.

                • WoofWoof91 [comrade/them]
                  ·
                  10 months ago

                  You're a fucking clown, and the circus isn't selling enough tickets for you to stay in town. Leave.

                  i'm stealing that line
                  that's fucking beautifull

                  • UlyssesT [he/him]
                    ·
                    10 months ago

                    You're now playing the "NEW EXCITING GRIFT IS INEVITABLE YOU CAN'T STOP IT" card. Clowns like you were peddling real estate in Zucc's Metaverse(tm)(r) the same way.

                    At least start juggling or ride a unicycle while you're here, clown.

                      • UlyssesT [he/him]
                        ·
                        10 months ago

                        No market manipulation among NFTs. NEVER EVER!

                        https://www.theverge.com/2022/3/24/22995107/us-arrest-charges-crypto-nft-rug-pull-frosties-ethan-nguyen-andre-llacuna

                        You're wasting time here when you could be ripping off more credulous people in your home instance. Pack up your crypto-carnival already. Whine all you want that it's pedantically "not crypto" when you don't want it to be, but that's just arguing about whether the shit is liquid or solid after a particularly bad stomach ache.

                          • UlyssesT [he/him]
                            ·
                            10 months ago

                            You're claiming that the answer to capitalism is more capitalism, this time from a shiny newer casino that is already majority owned and operated and pushed by ruling class capitalists and that will somehow topple capitalism and bring about an unspecified utopia that you've been vague about so far but have used techbro language to try to dazzle people with your bullshit.

          • UlyssesT [he/him]
            ·
            10 months ago

            https://www.wired.com/story/nfts-hot-effect-earth-climate/

              • UlyssesT [he/him]
                ·
                10 months ago

                I linked that article as an example of the waste emitted from related processes.

                I'm certain you're being a bad faith peddler at this point, because again you're sidestepping the energy costs of your magical world saving ledger position sales tokens.

                For people watching this comment chain, this is a decent starter summary of the grift that the above grifter is trying to peddle here:

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

                  • UlyssesT [he/him]
                    ·
                    10 months ago

                    The grift is okay because there are magical theoretical grifts that totally bypass those problems, pinkie promise, just around the corner as they always are.

                    My point is you're a clown and peddling your rent-seeking bullshit here is disgusting.