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Started By
Message
Remember when NFTs were all the rage, especially those stupid Ape ones?
Posted on 11/17/22 at 8:51 am
Posted on 11/17/22 at 8:51 am
And they were going for hundreds of thousands, even millions, and people who didn't get it at all were told by holier than though types that they were the wave of the future and great investments...not money laundering schemes or flashes in the pan?
lol:
Soon to be worth Zero I'm sure. What a stupid trend this was.
lol:
Soon to be worth Zero I'm sure. What a stupid trend this was.
28
Posted on 11/17/22 at 8:52 am to Fun Bunch
Who is gonna pay 74000 for that?
Posted on 11/17/22 at 8:53 am to Fun Bunch
That looks like JB's face after the Covid shot
Posted on 11/17/22 at 8:53 am to Fun Bunch
I still don’t understand NFTs 
Posted on 11/17/22 at 8:53 am to Fun Bunch
Jones will be here in a little while to tell us why this isn't as dumb of an investment as it seems like.
Posted on 11/17/22 at 8:53 am to Fun Bunch
The joke is that it's still worth $74 large.
Posted on 11/17/22 at 8:54 am to SPEEDY
I’m with you.
No clue of the point.
No clue of the point.
Posted on 11/17/22 at 8:55 am to Fun Bunch
Check it out. I copied and saved it to my computer for free.
quote:
An NFT solely represents a proof of ownership of a blockchain record, and does not necessarily imply that the owner possesses intellectual property rights to the digital asset the NFT purports to represent.[16][17][18] Someone may sell an NFT that represents their work, but the buyer will not necessarily receive copyright to that work, and the seller may not be prohibited from creating additional NFT copies of the same work.[19][20] According to legal scholar Rebecca Tushnet, "In one sense, the purchaser acquires whatever the art world thinks they have acquired. They definitely do not own the copyright to the underlying work unless it is explicitly transferred."[21]
This post was edited on 11/17/22 at 8:57 am
Posted on 11/17/22 at 8:56 am to Fun Bunch
This post was edited on 11/17/22 at 9:28 am
Posted on 11/17/22 at 8:56 am to Fun Bunch
What is NFT?
Endless acronyms. Can’t keep up with them.
Endless acronyms. Can’t keep up with them.
Posted on 11/17/22 at 8:56 am to kengel2
and with a simple right click save image you can own it too!
Posted on 11/17/22 at 8:56 am to Fun Bunch
It is a scam. So you own the still frame rights to a picture? Every millisecond of a movie is a still frame that can be purchased. It’s just dumb. More of a laundering scheme.
Posted on 11/17/22 at 8:56 am to Fun Bunch
The NFT for this costed me 350$
Merry Season’s Greetings to you all early!
Merry Season’s Greetings to you all early!
Posted on 11/17/22 at 8:57 am to CocomoLSU
quote:
The joke is that it's still worth $74 large.
It’s only worth 74k if someone is willing to actually pay it
Posted on 11/17/22 at 8:57 am to biglego
I was told I was dumb for pointing out that they have zero utility and therefore have no real value
Posted on 11/17/22 at 8:58 am to SPEEDY
quote:
I still don’t understand NFTs
Me either, but my basic understanding is that it's actually sort of similar to the whole FTX scam shite going on now. These pictures, gifs, etc. are hyped up as being "worth" X amount of money, and then they are able to be bought/sold/traded by other people who value them. I put worth in quotes though, because while worth is derived by what someone is willing to pay for something (basically), they are also essentially worthless in that there is no inherent, real world value in them. It's basically one gigantic Ponzi scheme-type of deal where money can be made by some, and others eventually are left in the dark with useless (and worthless) NFTs.
People made money in the short term with these, which is commendable (I guess). But lots of people lost their asses too (which is always a consequence with shite like this obviously).
Posted on 11/17/22 at 8:59 am to SPEEDY
quote:
I still don’t understand NFTs
I never will
I applaud the geniuses who came up with it though.
What a fricking scam
Posted on 11/17/22 at 9:00 am to Fun Bunch
Lot of money was probably laundered with these.
Posted on 11/17/22 at 9:00 am to Fun Bunch
How is it still worth $74,000? This had to be a scheme like the old FB market place adds where people would sell a pencil for $500, but the first person to buy the pencil also got a pair of LSU-Bama tickets.
This post was edited on 11/17/22 at 9:02 am
Posted on 11/17/22 at 9:01 am to Bruco
quote:It doesn’t mean that you’re still not dumb, you just happened to be correct about that single issue.
I was told I was dumb for pointing out that they have zero utility and therefore have no real value
Dumb people are right on occasion.
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