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Started By
Message
re: Trump's Major Announcement: he's selling Digital Trading Cards of him as a superhero
Posted on 12/15/22 at 1:45 pm to GumboPot
Posted on 12/15/22 at 1:45 pm to GumboPot
quote:
From what I understand the concept of NFTs seems pretty solid. Whatever you want to make an NFT will be attached to a unique blockchain so it cannot be counterfeited. It can be anything, physical or digital.
And what is the utility of that? I can also have this dumb image of Trump as a super hero without paying a single cent for it.
Where is the value in having a “unique” version of it?
1
Posted on 12/15/22 at 1:45 pm to TigerDoc
quote:
His business was just convicted of 17 counts of criminal tax fraud and he's got lots of legal bills and he needs to shake down his base.
Your patients need to sue you for pushing (grifting) the vaxx.
quote:
grifting
quote:
engage in petty or small-scale swindling:
Posted on 12/15/22 at 1:47 pm to rocket31
quote:
this is basically just crowdfunding his campaign and you get a digital jpeg in return. no different than if he would just have simply asked for cash.
quote:
Is any of the money from this collection going to the Donald J. Trump campaign for President?
NO. These Digital Trading Cards are not political and have nothing to do with any political campaign. NFT INT LLC is not owned, managed or controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC or any of their respective principals or affiliates. NFT INT LLC uses Donald J. Trump's name, likeness and image under paid license from CIC Digital LLC, which license may be terminated or revoked according to its terms.
Posted on 12/15/22 at 1:48 pm to Indefatigable
quote:
And what is the utility of that?
whats the utility of a physical Donald Trump trading card?
this is the same, except is digital and authenticated on the blockchain, so it cant be duplicated because the jpeg is attached to a cryptographic hash
Posted on 12/15/22 at 1:48 pm to BugAC
quote:
What kind of adult would pay for a "digital" trading card
The kind ripe for exploitation.
Marketed by a grifter who is more than willing to exploit.
Can yall please move on from this dude
Posted on 12/15/22 at 1:50 pm to efrad
quote:
Is any of the money from this collection going to the Donald J. Trump campaign for President?
NO. These Digital Trading Cards are not political and have nothing to do with any political campaign. NFT INT LLC is not owned, managed or controlled by Donald J. Trump, The Trump Organization, CIC Digital LLC or any of their respective principals or affiliates. NFT INT LLC uses Donald J. Trump's name, likeness and image under paid license from CIC Digital LLC, which license may be terminated or revoked according to its terms.
so its just a grift to fill his pockets unrelated to a campaign? thats pretty lame then
Posted on 12/15/22 at 1:50 pm to Fun Bunch
How does this work?
Can Trump use NFT card profits to spend on anything or can he spend it only on his campaigned?
Are NFT card purchases considered donations?
Are the profits on the Trump NFT cards taxed?
Can Trump use NFT card profits to spend on anything or can he spend it only on his campaigned?
Are NFT card purchases considered donations?
Are the profits on the Trump NFT cards taxed?
Posted on 12/15/22 at 1:51 pm to rocket31
quote:
this is the same, except is digital and authenticated on the blockchain, so it cant be duplicated because the jpeg is attached to a cryptographic hash
But I can duplicate it. I have the image.
We are not talking about finite physical copies of something such that owning one creates some sense of scarcity and value.
What is the possible value in having a specific digital copy of an easily reproducible digital image?
Posted on 12/15/22 at 1:51 pm to Indefatigable
quote:
But I can duplicate it. I have the image
IQ 70
Posted on 12/15/22 at 1:52 pm to GumboPot
quote:
Can Trump use NFT card profits to spend on anything or can he spend it only on his campaigned?
The website specifically says it's NOT for his campaign.
It's just a moneymaking venture for him.
Posted on 12/15/22 at 1:52 pm to rocket31
Then explain it to me. I have the image of Trump as a super hero. Currently. I have it on my phone. I paid nothing for it.
There will never be scarcity of this digital image to provide it with any value at all. Why would anyone pay for a unique version of something that anyone could easily have for free and which has no inherent value over the copies?
We are not talking about original works of physical art, or physical cards, etc. This is a picture on the internet. Where is the value of having this?
There will never be scarcity of this digital image to provide it with any value at all. Why would anyone pay for a unique version of something that anyone could easily have for free and which has no inherent value over the copies?
We are not talking about original works of physical art, or physical cards, etc. This is a picture on the internet. Where is the value of having this?
This post was edited on 12/15/22 at 1:54 pm
Posted on 12/15/22 at 1:52 pm to rocket31
quote:
so its just a grift to fill his pockets unrelated to a campaign?
Ah, so he is basically an employee of NFT INT LLC.
Posted on 12/15/22 at 1:56 pm to Indefatigable
quote:
Then explain it to me. I have the image of Trump as a super hero. Currently. I have it on my phone. I paid nothing for it.
It's technically not yours and you cannot prove it's yours because you do not have the corresponding blockchain address in your digital wallet.
For this kind of stuff, I know, who GAF. But for contracts, deeds, licenses, permits, etc. it a good way to digitally track these kinds of documents and ensure you own the original authentic document. Not a copy.
Posted on 12/15/22 at 1:57 pm to Indefatigable
the cryptographic hash attached to the Trump jpeg (a random sequence of numbers) makes each one uniquely identifiable
so if you "saved as" the jpeg to your hard drive, you wouuldnt have the hash attached to it
IF one wanted to sell this Trump jpeg, one would connect his crypto wallet, and the hash would authenticate the card as legitimate; if the hash wasnt attached to the jpeg, it would be considered fake and therefore couldnt be sold
i probably wouldnt touch these in hindsight, but if he had used these NFTs to fund his campaign, i could see them being valuable as the first of its kind edition
so if you "saved as" the jpeg to your hard drive, you wouuldnt have the hash attached to it
IF one wanted to sell this Trump jpeg, one would connect his crypto wallet, and the hash would authenticate the card as legitimate; if the hash wasnt attached to the jpeg, it would be considered fake and therefore couldnt be sold
i probably wouldnt touch these in hindsight, but if he had used these NFTs to fund his campaign, i could see them being valuable as the first of its kind edition
Posted on 12/15/22 at 1:58 pm to GumboPot
quote:
It's technically not yours and you cannot prove it's yours because you do not have the corresponding blockchain address in your digital wallet.
Why would I ever need to? I have it.
Posted on 12/15/22 at 1:59 pm to ChineseBandit58
quote:
please tell me this is a joke
Relax, it’s a joke!
Now go punch yourself in the balls
Posted on 12/15/22 at 1:59 pm to rocket31
quote:
IF one wanted to sell this Trump jpeg, one would connect his crypto wallet, and the hash would authenticate the card as legitimate; if the hash wasnt attached to the jpeg, it would be considered fake and therefore couldnt be sold
Why would there ever be a market for an easily reproducible image of Trump as a superhero?
I just still don’t see how it would ever have value when anyone anywhere can have the image without paying for it. Again, the originals don’t have some quality that copies do not have, as exists with other analogous items like art or cards.
This post was edited on 12/15/22 at 2:01 pm
Posted on 12/15/22 at 2:00 pm to Indefatigable
quote:
Why would I ever need to? I have it.
idk dude. The other day I showed a friend a meme on my phone and he accused me of not actually owning it. He really put me on the spot and I couldn't prove ownership. Totally embarrassing :(
Posted on 12/15/22 at 2:01 pm to Indefatigable
quote:
Why would I ever need to? I have it.
Read the rest of what I wrote.
"For this kind of stuff, I know, who GAF. But for contracts, deeds, licenses, permits, etc. it a good way to digitally track these kinds of documents and ensure you own the original authentic document. Not a copy."
Posted on 12/15/22 at 2:01 pm to Indefatigable
The idea behind NFTs was to credit and compensate the original artist for digital work. In some cases, such as ticketing, I can resell a ticket that is an NFT and the artist who is preforming the concert gets a small cut on the resale.
Others have turned it into a get rich quick scheme for gullible people who have money to burn but absolutely no common sense.
Others have turned it into a get rich quick scheme for gullible people who have money to burn but absolutely no common sense.
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