100% this is an alt of the guy running the scam trying to get other people to buy them.
That person is the same who sells it, nobody is so stupid to waste that money in that stupid picture, and if they actually did it thinking there's an even stupider person out there to who sell that garbage, that's impossible, nobody is that stupid.
someone just paid EIGHTY THOUSAND DOLLARS for this lion cum face
from here, fwiw the average sale price is $6k and they originally sold for 8k, so even one of the big flagship nfts is already selling at a massive loss for the majority of people
Honestly, respect the hustle. Separating rubes from their money is less morally bankrupt than being a capitalist at least
yeah sure, but i would respect the hustle a lot more if they werent also boiling the oceans
and everyone is vulnerable to being conned on something, and the people who really get hurt by all of this (as always) are going to be a bunch of poor suckers who are so desperate for a break that theyll fall for smoothly-sold bullshit, and who absolutely could not afford to spend eight thousand dollars on a jpeg
I don't have 8 thousand dollars, and if I did I would not spend it on a doodle
we are all vulnerable to cons of some sort, though in our cases its obviously more likely to be a political than a financial con-artist that gets us
nobody is immune to being taken advantage of
I explored that site and people spent half a million dollars on 'Crypto Punks?!' Can someone please pour a can of Buzz Cola on this simulation and end it?
Under "normal" Capitalism, money follows a circuit known as MCM'. Money (M) gets invested in Capital (C ) which generates more money (M', which can be turned around and invested in even more capital). As the rate of profit falls, investors grow more hesitant about investing in capital. They start to think, what if I just invest in financial instruments instead? Cut out the C and just go straight from M to M'. This is the money fetish. This is the driving force behind financialization
The further financialization progresses, the more divorced the economy becomes from any underlying material conditions of production or distribution. Today we have reached at the extreme end of this cycle.
Do you have a paper that talks about this? Because this is a brilliant way to frame it.
It comes from the second or third volume of Capital (which I haven't read) but gets talked about a lot in Giovanni Arrighi's "The Long Twentieth Century" which examines the rise, fall, and transitions of various global financial systems.
Sean from Antifada did an episode with Terrance from The Trillbillies a while back about the Arrighi book, but the book itself is a banger.
The MCM part is from the 4th volume of capital, I think. but I don't remember the MM part. is that also in there?
I'm not entirely sure. It could be a later innovation by Arrighi or one of the many works he cites. Arrighi's thesis is essentially that we have gone through several hegemonic cycles of accumulation (spanning anywhere from one to several centuries each) which all exhibit a similar pattern. going from capital accumulation, followed by a "signal crisis" which begins a period of financialization, followed by a "terminal crisis" which spells the end for the hegemony of that system of accumulation. The period of financialization is typically linked to the initial capital accumulation phase of the following hegemonic system.
(I'm just winging it from memory though, there might be some details I'm misremembering)
It looks like that one webcomic. You could just pay an artist to do better art and save 4900 dollars.
please someone tell me it is not from that one webcomic guy because I do occasionally chuckle at those
A part of me thinks this is all fake and is an elaborate hoax to make commissioning art and buying anime statues seem like a better investment.
the first few of these procedurally generated NFT trends were ugly but jesus at least they had a style and looked like the base elements required some effort before throwing into the dice roller
ANF THHEYRE JUST FUCKING PFPS
jesus at least they had a style
This also has a style. It's just a style from some comic (probably stolen? either that or the artist from that comic jumped on the NFT grift train)
Can't we get the ai advanced enough to make actually complex nfts? Like some 3D image that you can't just right click?
Character customizing randomizers already exist.
No. NFT's can't have good art. If they didn't have shitty art, people might take them serious and realise how stupid they are.
There it is. It's truly going for the incomprehensible art that rich people buy to avoid taxes. But much dumber.
Is it a rule that all nft art has to be absolute dogshit? Or are the scammers just dabbing on their marks as hard as possible?
Simplistic and interchangeable graphic drawings are much easier to mass produce and sell quickly
Think it is meant to mimic the artstyle of reddit comic person sellyourcomputer.
ngl i used to feel bad about buying transformers, a physical product, for $30+ or more. then NFTs came out
Found this website linked https://chaintext.net/
Trying to make text into nfts :what-the-hell:
First thing I see is text advertising other nfts and an Elon musk quote
I still dont get how purchasing an NFT lets you own it. Now all private property is bullshit, but at least if you "own" a house you can call someone to kick the shit out of people who try and live there or if you "own" stock you get to vote in stockholder elections. Like what the fuck does "owning" an NFT even do? Can I sue someone if they start using my l33t PFP NFT on the r*dditdotcom?!? Can I get the police to bust into their house and shoot their dog to force them to not use my JPG? WTF does "Owning" one even mean?
An NFT is a record on some blockchain that has your information on it and a link to some given resource. The blockchain is just a distributed ledger, so the ledger now contains information saying that you are the owner of the link to the resource. If blockchains didn't guzzle coal and orphans to power themselves, this would be a moderately useful thing for e.g. authentication purposes. Techbros have instead turned it into a pump & dump scheme where you're just trying to hype the resource so you can sell it for more than you bought it for.
Truly, if any techbro actually believed in NFTs as a valuable thing, they would try to propagate them for literally any other use than labelling a link to a JPEG and then trying to offload the labelled link for money as fast as possible.
So "owning" a NFT comes with Zero rights aside from having my name on it? I think I would prefer a bench in the park, at least then I can sleep on it when I lose everything else.
Yeah that's about right. You don't control the original image (people can right click it lmao) nor the hosting (so if AWS hiccups it's gone forever). You just get to trade a receipt that has your name listed next to the URL.
It costs money to "mint" NFTs, which is to say placing them on the blockchain to begin with. And yeah, that's exactly what people are doing. There's 10,000 of those aheago palette swap lions. Part of the scam is that there has to be some "limited supply" of them.
:shrug-outta-hecks: the cost of transactions goes up over time in blockchains, so kind of. You can mint a shitload in one go though to bundle the cost and reduce the number of actual transactions you need to do. Then when you sell them to chumps at 100,000% markup, the transaction cost doesn't matter so much.
Can I get the police to bust into their house and shoot their dog to force them to not use my JPG?
Don't give them ideas
There's a bunch of cryptography stuff making very certain that you* own the NFT. But the NFT itself is just a small publicly readable file with a link to the thing. Like owning a URL on a specific URL shortener, except the thing you own isn't even that convenient, and also "own" only entitles you to sell it to someone else, and no other rights. Also you probably have to pay the original author a commission when you sell it, and this is permanently cryptographically built into the NFT itself.
But you* really do cryptographically verifiably own that NFT. And the concept of very very certain ownership of very tenuous ephemeral nonsense seems to short-circuit some people's brains into thinking it's worth something.
*Not really you. Actually your crypto wallet address.
