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re: Couple make nearly $120,000 in under 6 hours selling NFTs to save home from foreclosure

Posted on 1/24/22 at 8:40 pm to
Posted by lsu777
Lake Charles
Member since Jan 2004
31062 posts
Posted on 1/24/22 at 8:40 pm to
quote:

Am I the only old bastard that has no idea what these NFTs are and how they work?


Bro I been playing in crypto for over a decade and I still don't understand them. I mean I'm pretty God damn involved in the crypto space and I am 100% convinced it is money laundering for the cartels.

I just don't get how their would be any other reason people would pay thousands and sometimes hundreds of thousands for a fricking jpeg.


I mean fricking rocket has some from the early days that are valued at more than most of the OTs houses, more than the girl in the articles house.

For a fricking jpeg. I don't get it.
Posted by SoDakHawk
South Dakota
Member since Jun 2014
8576 posts
Posted on 1/24/22 at 8:41 pm to
Let's cut to the chase. Somebody show me how to make an NFT and what website or online market I need to go to sell that NFT. I'll just make some stupid random stuff and if someone wants to give me money, great.

My theory is the NFTs aren't worth crap. They are just scooped up and assigned a value and then traded between people to just launder money. That's what a lot of art is used for but this way you don't have to go through the expense and time of physically exchanging the art.

Either way, I don't care what they do with my doodles if I get paid.
This post was edited on 1/24/22 at 8:42 pm
Posted by Rza32
Member since Nov 2008
3605 posts
Posted on 1/24/22 at 8:49 pm to
It’s a she.
Posted by fr33manator
Baton Rouge
Member since Oct 2010
124227 posts
Posted on 1/24/22 at 8:52 pm to
quote:

It’s a she.

Posted by UKWildcats
Lexington, KY
Member since Mar 2015
17185 posts
Posted on 1/24/22 at 9:02 pm to
Yeah...these people are pretty much everything I hate.
Posted by danilo
Member since Nov 2008
20120 posts
Posted on 1/24/22 at 9:10 pm to
quote:

After Thorne Melcher lost her job as a software engineer in February,

Do software engineers really have a hard time finding a job?
Posted by jmorr34
Baton Rouge
Member since Sep 2004
2884 posts
Posted on 1/24/22 at 9:11 pm to
Posted by Capt ST
Hotel California
Member since Aug 2011
12827 posts
Posted on 1/24/22 at 9:13 pm to
This was a good project to be a part of upfront.
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6024 posts
Posted on 1/24/22 at 9:24 pm to
This makes no fricking sense. If he sold them for $3, even if he took a picture every day for 10 years he would only make around $10k. What are you talking about.
Posted by MrSpock
Member since Sep 2015
4344 posts
Posted on 1/24/22 at 9:28 pm to
quote:

Bro I been playing in crypto for over a decade and I still don't understand them. I mean I'm pretty God damn involved in the crypto space and I am 100% convinced it is money laundering for the cartels.

I just don't get how their would be any other reason people would pay thousands and sometimes hundreds of thousands for a fricking jpeg.


I mean fricking rocket has some from the early days that are valued at more than most of the OTs houses, more than the girl in the articles house.

For a fricking jpeg. I don't get it.



Some NFT's are just a ticket to the club. Some of those clubs develop software, some have launched validators on the Solana network. Some are full of literal crypto whales. Some NFTs are/will be playable such as the ships sold for the game Star Atlas.

The root of non-fungible token is 'token.' At the root it's no different than a fungible token such as BTC. It's just represented by a little cartoon character.

Sure a lot of the projects are bullshite and will go to zero just as many of the ico's from 2017 went to zero.


This post was edited on 1/24/22 at 9:36 pm
Posted by deltaland
Member since Mar 2011
90617 posts
Posted on 1/24/22 at 9:45 pm to
quote:

Am I the only old bastard that has no idea what these NFTs are and how they work?


From what i understand you basically create online art or a cartoon on a blockchain and it’s traceable/licensed to you and sell either the right to use it on ethereum blockchain or sell them outright on a crypto based market

I think that’s the gist of it.
Posted by Vlatket
Member since Oct 2016
7475 posts
Posted on 1/24/22 at 9:59 pm to
It ceases to amaze me how dumb people are and all the dumb shite people waste their money on. I can't tell who is dumber. The idiots who got into 35k debt or the ones spending 120k on made up irrelevant cyber shite.
Posted by tiger91
In my own little world
Member since Nov 2005
36707 posts
Posted on 1/24/22 at 9:59 pm to
Pretty sure the he you speak of is really a she
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71083 posts
Posted on 1/24/22 at 10:01 pm to
quote:

Good for them for cashing in on a fad, but damn this economy/society is off the rails.


Works out to an average of $12 each. Not all that unreasonable.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71083 posts
Posted on 1/24/22 at 10:04 pm to
2,1
Posted by fr33manator
Baton Rouge
Member since Oct 2010
124227 posts
Posted on 1/24/22 at 10:15 pm to
quote:

Pretty sure the he you speak of is really a she



It’s a dude
Posted by tiger91
In my own little world
Member since Nov 2005
36707 posts
Posted on 1/24/22 at 10:34 pm to
Idk — “Thorne lost her job ... her girlfriend Mandy ...”

Posted by fr33manator
Baton Rouge
Member since Oct 2010
124227 posts
Posted on 1/24/22 at 10:36 pm to
“She” has a moustache and an Adam’s apple.


And a Dong.
Posted by BobMayonnaise
Memphis
Member since Feb 2009
1372 posts
Posted on 1/24/22 at 11:45 pm to
quote:

It's all fake. You don't get rich quick then run to CNBC to tell them your name, where you live, all your financial information and exactly how you did it. Oh and it saved their house. Don't worry about the details. The point is it could do that for you too! That's why this "story" exists.


Exactly…these are just advertisements to get dumbasses to buy NFT’s. This story isn’t real most likely. The same thing with the NFT that cost $300k but it was accidentally listed for $3000, which makes everyone think it was a deal.
Posted by swiper
WilfordBrimleysberg
Member since Dec 2021
202 posts
Posted on 1/24/22 at 11:50 pm to
Were people saying the same thing about the internet?
In regards to crypto NFTs.

What happened with that bubble?
This post was edited on 1/24/22 at 11:51 pm
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