Rant NFT's

[just a punk]

WTF is that? People pay millions for a digital thing that can be copied? How stupid and crazy should they be?

For example, when you buy an exclusive adult content for your site with the pictures which won't be sold to anybody else and get full ownership on it, сertified by model release and here photos with ID's. Is that also considered as NFT?

[sandman!]

I dont get it either tons of people making a fortune tho 🥴

[lezinterracial]

Yea, I don't get it either.

Whole thing seems sketchy. Gotta be an angle.

I wonder if the NFT dealers are buying some of the NFTs themselves, Then putting out stories about the big wins, to try and draw more people in.

Could it be this?
example: You own an NFT exchange. Nobody is interested, You pay Beeple for an NFT for 69 million. Then everybody wants to use your exchange. People everywhere start paying your exchange to put up pictures of their backyard. This also brings in more "investors/gamblers".

Then again. I own stock in companies. What is that? The right to vote on some decisions and a dividend.

[Zuzana Designs]

It's the future of selling content

[lezinterracial]

Originally Posted by Zuzana Designs

It's the future of selling content

Anyone here tried it? I am curious. Which exchange? What keeps me from saying I have the NFT to the Brooklyn Bridge? Can I sell an NFT to the same thing on multiple exchanges?

[Biggie Smalls Web Writing]

I have not created any, but I bought some a few months ago.

The most popular NFTs are on ETh and Sol blockchains although there are plenty of them on Cardano, Polygon, Avalanche etc.

A couple of things you should know before purchasing an NTF. If you are buying it on ETH blockchain only gas will cost between 100-250 USD. So your total cost will be the price of NFT + gas. If you are buying an NFT that is on any other blockchain the gas is ridiculously low compared to what you pay when buying an item on ETH blockchain.

The most popular NTF marketplaces are opensea, solsea, immutable

NFTs are the future but do good research before getting into it, there are plenty of scams out there, a lot of projects went to 0 right after launching..

Good luck!

[ZTT]

Originally Posted by lezinterracial

I wonder if the NFT dealers are buying some of the NFTs themselves, Then putting out stories about the big wins, to try and draw more people in.

Yes, that is how it works. And you can see how effective it is when so many people apparently can't see right through it.

1. Run a script to generate 10,000 garbage avatars nobody would be seen dead using for free a year ago.
2. Create the hype by buying a few of them with the boatload of ETH you bought in 2018 when it was 40 cents. Maybe even resell the NFTs to yourself again for more hype.
3. Watch idiots falling for it, wasting real money to either "mint" their own dogshit nobody will buy, or buying previously hyped up trash.

Everything is hype in crypto, because there is zero real value. A decade ago people bought bitcoin and spammed forums, now it's this.

example: You own an NFT exchange. Nobody is interested, You pay Beeple for an NFT for 69 million. Then everybody wants to use your exchange. People everywhere start paying your exchange to put up pictures of their backyard. This also brings in more "investors/gamblers".

With that case the buyer already owned some Beeple art and created a token spuriously related to it, B20, which he owned 59% of and Beeple owned 2% of. No prizes for guessing when the unbelievable Beeple sale occurred on this chart:



You can read about it here: https://amycastor.com/2021/03/14/met...t-defi-scheme/

What keeps me from saying I have the NFT to the Brooklyn Bridge? Can I sell an NFT to the same thing on multiple exchanges?

You can sell whatever you want, whether you own it or not. You'll be wasting your money 99.9% of the time, but that's how it 'works'; you're not selling a bridge you're selling 'NFT' saying you own the bridge. And you can make as many NFTs as you want saying other people own that bridge.

And you know how the entire point is it's a decentralized system to categorically prove who owns something?

Well if you ever transfer an NFT to someone else but you change your mind and refuse to accept that it's not yours any more, just cry about it on Twitter insisting you are the real owner, overriding the word of the sacred infallible BLOCKCHAIN, and the creator of the art and the NFT exchanges will denounce it as worthless.

As usual in cryptoworld "decentralization" doesn't actually mean shit.

[hamiltonsteele]

Originally Posted by CyberSEO

WTF is that? People pay millions for a digital thing that can be copied? How stupid and crazy should they be?

For example, when you buy an exclusive adult content for your site with the pictures which won't be sold to anybody else and get full ownership on it, сertified by model release and here photos with ID's. Is that also considered as NFT?

NFTs are built on blockchain. When you buy a NFT, you're buying the only certifiable original
work of art.

But as the old saying goes,

"What one man creates with effort; another man can re-create without effort."
So I'm guessing that an old school sector by sector clone of a drive will create a 2nd original.

[lezinterracial]

Coffeezilla talking about insider trading at opensea.

[zerovic]

What was the proper way to embed Youtube videos again?

[jscott]

Originally Posted by ZTT

You can read about it here: https://amycastor.com/2021/03/14/met...t-defi-scheme/

omg you listen to Amy Castor lol, she's been rekt on crypto for many years, writing FUD articles and supporter of inflation, MMT, and tether truther, she's the definition of a terrible "coper" for a long time, she's like Schiff, nntaleb, Paul Krugman, Hanke, and the rest of them BDS maniacs. Follow her and her theory & advices, get rekt

I'd suggest listening/following smarter people who know Bitcoin economics and technicals, like Lyn Alden, Dan Held, Saifedean Ammous, Nic Carter, Robert Breedlove, Preston Pysh. You can thank me later.

Originally Posted by ZTT

As usual in cryptoworld "decentralization" doesn't actually mean shit.

Decentralization in its truest form - Bitcoin, only

[jscott]

Originally Posted by zerovic

What was the proper way to embed Youtube videos again?

wrap youtube tags of the video code only - it'll look like this -> U7VbF1BwNU8

[zerovic]

Here's a great vid for you..



Thanks a lot jscott

[ZTT]

Originally Posted by jscott

omg you listen to Amy Castor lol

I don't know anything about her, but if there are errors in that article about the Beeple sale I think you would have pointed them out.

[grzepa]

I just heard today , some Australian dude pirated lots of NFTs and put them on Piratebay

[BlackCrayon]

A lot of NFTs are only popular because people are essentially playing with play money. Their ETH means little as they paid next to nothing for it originally, now its worth much more and so they can throw it here or there will little consequence. Not to mention fake sales, insider sales, etc, etc. There was a guy who sold millions worth and then disappeared. I can see a future in it but right now its just being used to scam people.

[dillonaire]

If anyone is interested in making money with their content in the NFT market please email me. We have the leading NFT platform for the adult industry NaftyArt.com

We have a fully managed option so all you have to do is send in your content and get paid. Nafty handles the uploading, minting, gas fees, and marketing.


Email me if interested [email protected]

[jscott]

Originally Posted by BlackCrayon

A lot of NFTs are only popular because people are essentially playing with play money. Their ETH means little as they paid next to nothing for it originally, now its worth much more and so they can throw it here or there will little consequence. Not to mention fake sales, insider sales, etc, etc. There was a guy who sold millions worth and then disappeared. I can see a future in it but right now its just being used to scam people.

I don't think you understand the mindset of a long term holder. Imagine buying Bitcoin at $10, do you think you or anyone would have held that til now? No. You would have sold it at $100 for a 10x profit.
Those who held on for the long term have conviction in the asset they hold, they know what it is, and why it did and will always rise higher against every fiat currency.

With that said, I can't find any value in NFT's, and don't even like ETH but wanted to point out that you're wrong on your theory on long term holder mindsets.

[ForrestBlack]

As the first adult sites to take crypto, our initial Bitcoins cost us exactly nothing, and we held them till sometime after BTC hit $20k (then traded some in for real estate, new business ventures, etc.) We used to successfully sell year memberships for 1BTC (as well as fractional as the value rose over time.) The irony was that at that time I was upset that people were mostly using BTC as a store of value and not a currency, which honestly does dissuade it's commercial use. Now we take a number of coins.

There is value in the current NFT marketspace, but I think it's still in the explorative proof of concept stage. It's great to be able to authenticate ownership of digital assets, but a lot of this current hype is a cross between a Dutch tulip market and the digitization of art based tax dodging. This isn't to say folks won't get rich playing the game though.

[pornlaw]

https://www.bloomberg.com/news/artic...fered-for-free

"An Australian software developer says he has made thousands of non-fungible token images freely available, calling it an art project that aims to show the absurdity of property-rights concepts in digital assets.

Geoff Huntley, the project’s creator, claims to have collected all the images associated with NFTs minted on the Ethereum and Solana blockchains and made them accessible via an accompanying website called NFT Bay, modeled on the infamous Pirate Bay peer-to-peer search service."

[ForrestBlack]

Originally Posted by pornlaw

Geoff Huntley, the project’s creator, claims to have collected all the images associated with NFTs minted on the Ethereum and Solana blockchains and made them accessible via an accompanying website called NFT Bay, modeled on the infamous Pirate Bay peer-to-peer search service."

Which is about as valuable as a postcard of the Mona Lisa

[Slop]

Everybody's looking for the next big thing but I don't think this'll be it.

[ForrestBlack]

Here is what I don't understand. This whole industry is rooted in compelling viscerally sexual media, and yet the NFTs being generated out of the adult space generally make 80's phone sex ads look like quality works of artistic genius. I know being jaded can be a real problem, but FFS... It's just kind of embarrassing. We've always been ahead of the curve when it comes to technological adaptation in adult and we have so much talent and epic content. We should own this space.

[MakeMeGrrrrowl]

If you follow Gary Vee on twitter often he will give NFT's away. I was in his discord, but fuck it's hard to follow.

[JesseQuinn]

NFTS are so not my thing but I gotta say this is one of the most interesting threads I've read on here in a while. very cool

[gnawledge]

Did anyone ever do the whole BBS (Bulletin Boards) back in the 1990s? Did anyone ever do ANSI and Ascii art? There were groups like Razor 1911, Ice, and a few others. But this reminds me of that low quality art we did on this program called The Draw. Razor put out ansi packs monthly with drawings and they were so superior to nowadays nonsense. The point is these images are a lot like 1994 ansi art which is like history repeating itself. If you didn’t experience those days of paying long distance rates for elite zero day leeching—then you won’t get it. Old memories.

[elliso]

A Crazy new world but luck onces made millions with it and become rich

[Major Tom Thanks Duke]

I will give nft’s a small try

[Forkbeard]

NFTs are perfectly explained in this article by British software engineer Stephen Diehl, who writes "I see the philosophy behind NFTs as giving rise to a dystopia I call The Tinkerbell Griftopia."

Much ink has been spilled describing the technical internals of NFTs, and about as equal as much ink has been spent on obscurantism and decentralized woo woo to explain why the internals don’t matter. There is very little common ground on such debates because to the faithful the value of NFTs is a presuppositional truth instilled in them by the revelation of making money off them. And simultaneously the non-believers can “right-click” or Torrent any NFT as a statement of the rejection of the ontological status of playing word games with the term “own”.

Still to a lot of us technologists, it looks like NFTs are the emperor running around with no clothes and crypto acolytes are selling broken hyperlinks to each other as either vanity projects or get rich quick schemes. But truly that is the message of the Andersen folktale, that power begets the capacity to inspire delusion in the masses. And that’s why this subject is such a divisive one, because the entire enterprise of NFTs is like a mental contagion that can only sustain itself by perpetual proselytizing and conversion. A lot of us feel this in our bones, because we know and lost friends that went “down the crypto rabbit hole” and turned into wildly different people, oftentimes for the worse because these ideas tend to have a comorbidity with risk-seeking and gambling problems.

There’s nothing new under the sun and the phenomenon of self-perpetuating faith-based economic schemes are well known to exist, there’s even a term: the Tinkerbell Effect. The phenomenon where things that are thought to exist only because people believe in them. The crypto acolytes really believe they can will into existence a whole new epistemé of value detached from the classical economics of the previous order.

[ZTT]

Another Brit, David Gerard, summed up NFTs even more simply:

"I don’t understand any of this. Please explain it like I’m five."

"Would you like to watch the Teletubbies, or would you like me to write on a piece of paper that you own the Teletubbies? All you get is the piece of paper."

"The trouble with explaining NFTs to a five-year-old is that you’ll have a hard time convincing a five-year-old that this nonsense isn’t the nonsense it obviously is. It sounds unfathomably stupid because it is unfathomably stupid."

[AlexxxSBG]

Originally Posted by ZTT

Another Brit, David Gerard, summed up NFTs even more simply:

"I don’t understand any of this. Please explain it like I’m five."

"Would you like to watch the Teletubbies, or would you like me to write on a piece of paper that you own the Teletubbies? All you get is the piece of paper."

"The trouble with explaining NFTs to a five-year-old is that you’ll have a hard time convincing a five-year-old that this nonsense isn’t the nonsense it obviously is. It sounds unfathomably stupid because it is unfathomably stupid."

[ForrestBlack]

Originally Posted by ZTT

"Would you like to watch the Teletubbies, or would you like me to write on a piece of paper that you own the Teletubbies? All you get is the piece of paper."

If you let Mommy spend some space dollars to add some mint to your bestest refrigerator drawings, some muppet with buy you all the Oreos you'll ever want.