• Rem [she/her]
    ·
    3 years ago

    Owning a picture of the Mona Lisa isn't the same as owning the Mona Lisa :very-intelligent:

    • Quimby [any, any]
      ·
      edit-2
      3 years ago

      Imagine being an NFT loser and being traumatized by Star Trek because you think the characters die every time they get beamed up.

      (Just to be clear, this isn't directed at you. I'm building on your dunk.)

        • Quimby [any, any]
          ·
          3 years ago

          yeah, those aren't actually mutually exclusive. but I enjoy the idea that NFT people are essentially claiming to have effortlessly resolved one of the thorniest existential questions in philosophy by choosing an answer that makes them money today.

          • TheLepidopterists [he/him]
            ·
            3 years ago

            That's fair, there's no limit to how much NFT people need to be dunked and/or shit on

              • steve5487 [none/use name]
                ·
                3 years ago

                this isn't a ponzi scheme. A ponzi scheme is where you pay old investors with new investors money. This is more selling magic beans on the side of the road to everyone stupid enough to buy them

                • CoconutOctopus [it/its]
                  ·
                  3 years ago

                  Every cryptocurrency ultimately amounts to paying old investors with new investors money: PW because early blocks are easier to mine, and PS because that's literally what defines a 'stake'. NFTs are just kind of a side bet on the base Ponzi scheme.

              • thisismyrealname [he/him]
                ·
                edit-2
                3 years ago

                but would they be dead before or after they reappear at the center of the earth?

        • kristina [she/her]
          ·
          edit-2
          3 years ago

          idk, its mentioned multiple times that you are half in one place and half in the other. if your consciousness exists in two points at the same time and can still interact with both parts, i dont think it kills you as it slowly transfers itself to one place.

      • AOCapitulator [they/them, she/her]
        ·
        3 years ago

        its not traumatizing it's just a fact and it doesn't change anything, still a sentient me-ish creature, the same as next-month me will be

    • KermitTheFraud [they/them]
      ·
      3 years ago

      It’s a digital record on a hypothetically permanent data structure that you paid to have that digital record recorded!

  • Grownbravy [they/them]
    ·
    3 years ago

    See the Lion ahegao face is worth $6000.

    —no, not like a photo, this is it- not the phone the picture! Yes you saved the photo, but i own it! DONT MAKE IT A WALLPAPER!

      • StellarTabi [none/use name]
        ·
        edit-2
        3 years ago

        I would 100% demand my lawyer seize it, unless I can let him keep it for the purpose of claiming he gets to keep a $8,000 lion jpeg, so to be fair I'll balance it out in the divorce settlement by keeping $8,000 worth of useful shit.

    • RNAi [he/him]
      hexagon
      ·
      3 years ago

      Oh shit that's it you craked the code

  • MasterShakeVoice [undecided]
    ·
    3 years ago

    Imagine explaining how this cooks the planet (and makes it so I have to use a bad graphics card)

  • Barabas [he/him]
    ·
    3 years ago

    Why are NFT's making a comeback? And why is every NFT so shit?

    I blame tech bros.

      • Alex_Jones [he/him]
        ·
        3 years ago

        Even then, wealthy people knew how to consolidate money through arbitrary art values.

        He could've commissioned a physical print and try the same thing without someone else able to make a copy by hitting right click.

        • princeofsin [he/him]
          ·
          3 years ago

          Yea but you are parking money where with NFT you are getting scammed.

  • RandyLahey [he/him]
    ·
    edit-2
    3 years ago

    read this and try not to smash your head into a wall challenge (impossible)

    an exclusive collection of 10,000 unique lion characters, selling out in five hours for over 1.5million USD

    edit: look at all this fucking quality that could be yours. i have no idea what any of this shit on this site means but it says theres 10000 results so it looks like it means literally everyone who "owns" them is trying to sell them off to some other sucker for some amount of fakebux, good luck with that theyre literally too shit to even bother right clicking

    • dom [he/him]
      ·
      edit-2
      3 years ago

      Zero chance that the art creator isnt pumping up the bids with dummy accounts.

      Edit-

      And it will work because none of this activity is regulated.

      We should dig up scams that regulations killed a century ago and fund raise tbh.

    • culpritus [any]
      ·
      3 years ago

      holy fuck this is literally a crap character generator, there's like 6ish elements that are able to be swapped out for various permutations, and then just push that randomize button 10k times

      god damn people so dumb

      • RandyLahey [he/him]
        ·
        3 years ago

        lol i just sorted by highest last sale price and almost all the most "valuable" ones are ones that randomly rolled a shitty crown on their chargen instead of the other shitty hats, i wonder if this says anything about the sort of people who buy nfts

    • RNAi [he/him]
      hexagon
      ·
      3 years ago

      And that's the security of it: who in their sane mind would actually right-click & save that fucking stupid images

    • StellarTabi [none/use name]
      ·
      3 years ago

      there is a posadist inside all of us, and the more you feed it, the more based you become :posadist-nuke:

  • evilgritty [any]
    ·
    3 years ago

    "try to explaining to a boomer" I don't even understand NFTs and I have done too much research on them. Like, I never got a satisfying answer to "why"

    • KermitTheFraud [they/them]
      ·
      3 years ago

      NFT’s are basically a form of fashion. Looking at them through the lens of “ownership” as in property rights will get you nowhere. Buying an expensive NFT is somewhere in between wearing a designer dress and signing your name in the guestbook at a bougie party. Sure, someone could copy the dress and your signature doesn’t retain your experience indefinitely, but being seen doing it is the point.

      Also, money laundering art collectors and pump-and-dump hype

      • evilgritty [any]
        ·
        edit-2
        3 years ago

        So it just a thing for rich people to show off to other rich people? A jpeg lion seems a stupid way to do that. I mean I guess it makes sense when you made all your money off crypto.

        money laundering makes sense. Thanks for explaining thou

        • KermitTheFraud [they/them]
          ·
          3 years ago

          Yeah that’s my best understanding. People try to look for explanations in the technical aspects rather than the social and that’s why they’re so confusing. It’s just a subset of collector communities. And I think are artists who legitimately make neat procedural art who have minted some NFTs, but it’s much more common for crypto nerds to dabble in art than the other way around in this field

    • UmbraVivi [he/him, she/her]
      ·
      edit-2
      3 years ago

      I was so confused by the whole thing I literally dm'd some twitter guy (15k followers) named "NFTPrince" to get an answer.

      And from his answer I gathered that it's a get-rich-quick scheme, the guy said something like "at the start of this year I was in debt and now I make 7 figures" and he went on to say that you can "create so many opportunities for yourself" and "if I can make 7 figures in a month think of the possibilities".

      Basically from my understanding the entire thing revolves around crypto bros hoping that their NFT is gonna climb in value like crazy and they'll become crypto millionaires when they sell their mediocre furry art for 100x what they paid for it a few months down the line. That is the only thing I could decipher from it.

      Also to an extent I assume it's a minor community thing where having one of these NFTs as your profile pic identifies you as one of the kool krypto kids.

  • Yllych [any]
    ·
    3 years ago

    Gonna have to explain to my great grandchildren in 2080 that the megafauna are extinct because capitalism wanted to make goanimate pictures of furry lions creaming their jorts