this post was submitted on 09 Aug 2023
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Fuck NFTs!

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Fuck NFTs!

NFTs. Fuck 'em expensive images.

Rules:

Icon from Untitled Collection #202729794 by NFTJ2

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[–] [email protected] 134 points 1 year ago

"You're welcome"

[–] [email protected] 112 points 1 year ago (7 children)

I can't believe anyone thought NFTs were a good idea to begin with.

[–] [email protected] 65 points 1 year ago (5 children)

Conceptually NFTs could be useful.

The use case of β€œbuy funny pictures” was the stupidest grift yet

[–] [email protected] 60 points 1 year ago (13 children)

I've never heard of a way that NFTs are actually useful, I've only heard of people saying things we can do today, but with blockchain (and much less efficiently), or as a way to form a speculators market (ie: a con)

[–] [email protected] 10 points 1 year ago (4 children)

I am a big proponet of blckchains, but speculative nfts have no purpose. Using a blockchain to establish who authored tome work, thats a an actual use.

[–] [email protected] 28 points 1 year ago (11 children)

we already have that feature in our society, without nfts or blockchain. it's worked for hundreds of years

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[–] [email protected] 25 points 1 year ago

How does it establish who authored a work? The only thing the blockchain can be guaranteed to prove is who first registered it on said chain, which absolutely doesn't necessarily mean the author. Immutability doesn't do anything to solve the garbage in garbage out problem.

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[–] [email protected] 43 points 1 year ago

Been paying attention and haven't seen a single use case for them that isn't covered better by other less wasteful and more standard technology

[–] [email protected] 20 points 1 year ago

Only if you stretch the definition to the point where you're calling someone's Steam inventory a set of NFTs - yeah, it's a digital record of unique(ish) games & items, but the "on the blockchain" part was the whole thing that defined NFTs. Every single supposed use case I saw for them relied on pretending that a legal problem (licensing, mostly) was a technical limitation.

[–] [email protected] 18 points 1 year ago (1 children)

What's bizarre is Seth Green thought he could make a TV show based on the one he bought. Then someone stole it and he had to pay $300,000 to get it back. Since then, no sign of a TV show.

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[–] [email protected] 19 points 1 year ago

They are the perfect tool of digital capitalism

They create artificial scarcity

[–] [email protected] 15 points 1 year ago* (last edited 1 year ago)

The artists who became millionaires from selling NFTs still think it’s awesome.

[–] [email protected] 13 points 1 year ago

Bag holders trying to offload crypto wanted it to be good.

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[–] [email protected] 101 points 1 year ago

Just a friendly reminder, as sarcastic as it sounds with the "good job internet", this article is sincerely praising how people across the internet made many game studios and publishers reconsider and avoid using NFTs in games, comparing it to how internet buzz brought legislative attention to loot boxes in games.

[–] Rossel 96 points 1 year ago (2 children)

PC Gamer is anti NFT. That headline is not sarcastic, it's actual praise.

[–] [email protected] 17 points 1 year ago

Good article.

Definitely anti-NFT.

[–] [email protected] 12 points 1 year ago

Oh good, I was worried!

(also being genuine here)

[–] [email protected] 65 points 1 year ago (1 children)

The internet did something right for once.

[–] [email protected] 22 points 1 year ago (1 children)

The Internet also created the problem in the first place.

[–] [email protected] 33 points 1 year ago* (last edited 1 year ago) (3 children)

Not the Internet. Just a couple of greedy scammers who tried to sell air to the people. Internet is a tool, not a cause .

[–] [email protected] 25 points 1 year ago (3 children)

NFTs were a weirdly mainstream thing. They happened on the internet, as a conduit, but the primary buyers were normie types who think phone apps are for getting laid, they all thought they were buying the next Bitcoin, it was their turn to get wealthy overnight. Instagram got pretty heavily involved, and you know how us neckbeard Redditor types love our Instagram feeds.

The Internet, as an actual community, was against them from the jump. The Redditors, of all people, were one of the first really tech-savvy crews to raise the public alarm, saying yeah, I'm a guy who does computers AND finance for a living, I've looked into this from every angle, it doesn't make sense. I'd stay out of it if I were you, and watch out for your loved ones. Rare Reddit W on that.

The artsy blue haired pronouns of Tumblr hated NFTs from the jump, because scammers started stealing their work pretty much immediately. Everyone on Twitter who wasn't an NFT shill despised them. NFTs had immediate douchebag energy.

None of us were really down with NFTs, ever. They smelled scammy as hell, and anybody who said boo about them got dismissed as an out of touch old person, even if they were 23.

Some witty person called them "astrology for men" or something like that. The Internet was already burned out from crypto bros by the time NFTs showed up. We were born done with their bullshit.

The crescendo was Dan Olsen's Line Goes Up, a Youtube explainer on NFTs for people who were honestly pretty savvy about them already.

His deep dive uncovered the truth, which is that all the endless hype was coming from heavily moderated scammer Discords, which were conveniently filled by the Call of Duty players of the world who didn't fuck with the rest of the internet, they were mainstream white guys, mostly, sports fans, regular types. They were all pretty fucking ignorant about technology, on average, and didn't have the tuned bullshit meter to stay out of NFTs. Again, they all thought they were riding the rocket to the moon, so they could finally sing along to the rap songs about their first milly and mean it.

None of them were really FROM the internet, they were all outside guys, people who were too cool for the rest of it, here for the pussy and the money, bro, you know? Inside the scammer Discords, where they spent all their time, absolutely nobody was allowed to ask any of the very reasonable questions that a person might ask about a potential investment. All of that was FUD: Fear, Uncertainty, and Doubt, an instant ban, fuck your negativity, bro. Nobody was allowed to ask, do or say anything that might halt the hype train.

Everyone who realized they were scammed also realized the only way out of the scam was to keep the hype up and sell their stupid NFT to a greater fool for more money, so the hype was REALLY hard, everyone was trying to pull in a sucker so they could cash out. That, right there, was the missing fact that the rest of The Internet was waiting on, and it was a huge "Ah Ha" moment for everyone when Olsen dropped that bomb. Finally, the explanation for the giant hype about something that appeared to be completely worthless. Now it makes sense.

It was a cult, and the only people really profiting were the scambros who realized they could just pull fraud after fraud after fraud with rugpulls that didn't really count as fraud, since lawmakers were still in the "what the fuck is an NFT" phase of lawmaking. It was INCREDIBLY profitable for scammers, they were selling air, even when their projects "failed" no they didn't, actually, the scammers walked away with thousands, even millions. The chumps got nothing. It was free money, a scammer feeding frenzy.

So you had a bunch of fuckin dudes who barely had a grasp on their iPhones throwing all their money at something that was puzzling to the people who work with computers full-time for a living. Like Olsen said, you don't "get it" because there's nothing TO get, if you "get it" you're being taken by the scam. It's literally confusing to you because you aren't stupid enough. It doesn't make sense because it doesn't make sense, it's a scam.

Those mainstream, barely work an iPhone guys were getting ripped off left and fucking right. I guess you could just drop things into other people's NFT wallets with no security so that when your target clicked on the thing to see what it was it triggered some code that emptied his entire wallet into yours, bye bye money, bye bye apes. It was a complete shitshow. That issue never got "fixed" because it was fundamental to how the whole blockchain of it worked, there was no fixing it. Nobody got their money back. Nobody got caught or charged for their thefts. It was a bloodbath.

Axie Infinity turned into digital sharecropping, a whole new way to fuck the poor in the Global South, it's just, everything NFTs touched turned to evil fucking poison.

DAOs never, ever worked. Not like they were supposed to.

Meanwhile, they were trying to shove NFTs into everything, either because they didn't get it, or because they DEFINITELY got it, this was better than Team Fortress hats, you could get these morons to pay their life savings for all kinds of nothing. It was better than lootboxes and that takes doing.

The Internet, the actual community, was getting angrier and angrier about it, because we were never on board with this shit in the first place. It was a truly rare moment of solidarity for us all, Twitter feminists and Reddit techbros on the same wavelength, for just this once. They were going to turn everything into a fuckin NFT. They were talking about turning your ID and professional licenses and everything else into this horrible, horrible scam. Never mind the vidya games, they had MUCH bigger targets in sight, bad news everywhere. Everyone who wasn't stupid said "hell to the fuck no", and we fought. For once, we actually won. I don't know if we ever deserved any credit - aside from Dan Olsen - but we won.

And in the end, you get this stupid asshole in the article, all sad like we fucked up a good thing, so I guess he was one of the mainstream dipshits who thought we should all have our lives run by a DAO. Fuck you dude. Sorry you lost the chance to sell us nothing for everything. Man, think of all those kids, what a juicy crop of chumps. No wonder you're a sad monkey.

Oh, and I don't have sauce, but years later I think it came out that the guy behind the Bored Ape Yacht Club is a Nazi because of course he is.

We dodged a bullet on NFTs, and I'm still not sure if we're safe. That was a GOOD scam, and everyone is a scammer, now, especially corporations. The best scams are the ones the rubes can't opt out of, so maybe if they just remove the "opt out" part. They're still thinking, still looking for a way back in. Fucking stupid monkeys.

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[–] [email protected] 58 points 1 year ago

I literally forgot about NFTs until seeing this post.

[–] [email protected] 56 points 1 year ago

Whoever thinks this is a problem needs to be bullied more.

[–] [email protected] 41 points 1 year ago (14 children)

At first glance NFTs in games seem to make sense. For example take a digital trading card game, might be pretty cool to hold ownership of your cards outside the game and be free to exchange them with other players with no restrictions, right?

But then you have to think a step further: The card is useless without the game. If the game shuts down? Nobody can use the card. If the game decides in two years that the card you own is too powerful and they forbid it from tournament play? Well, wasted money.

So overall you might be able to prove ownership of a "card", but without the context of the game it's meaningless data. And the game has to decide itself what your card means and what it can do. So we're back to simply using a normal database inside the game to hold your cards giving the same benefits (without the headache of NFTs).

The argument that you could use the card or the item in another game is bullshit on top. The other game would have to implement every item, which they simply won't do. So NFTs in the gaming niche are overall bullshit.

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[–] [email protected] 40 points 1 year ago (1 children)

We don't need your money laundering scam involved in games.

[–] jballs 13 points 1 year ago

No look, bro. You just don't understand. NFTs mean that if I buy a Fortnite skin, then I OWN that skin. That means I can use it in Diablo. Trust me, bro. It's the future.

/s in case the multiple "bros" wasn't enough

[–] [email protected] 33 points 1 year ago (3 children)

Didn't realize we could bully a jpeg

[–] [email protected] 36 points 1 year ago

You can't bully a jpg. You can, however, bully a link to a jpg that you don't actually possess.

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[–] [email protected] 33 points 1 year ago (1 children)

This means we must have diverged from the worst timeline.

[–] pomodoro_longbreak 12 points 1 year ago

I guess that's proof right there that things could have been worse

[–] [email protected] 33 points 1 year ago

The NFT people were sending death threats to content creators and artists speaking out against NFTs. I don't think we were the ones doing the bullying.

[–] [email protected] 32 points 1 year ago

I disagree with the use of the word 'bullying' implying that they would've happened otherwise. NFTs in video games would never have happened, because they don't do anything that publishers weren't already doing.

[–] [email protected] 24 points 1 year ago
[–] [email protected] 22 points 1 year ago
[–] [email protected] 21 points 1 year ago

I see this as an absolute win

[–] [email protected] 21 points 1 year ago

Fucking GOOD

[–] [email protected] 21 points 1 year ago

"Nice Fucking Try"

Loot boxes, DLC that should be part of the game, no physical copies, shutting servers after one year, pay to win... The games industry constantly talks about being looked at as an art form, but can you imagine if they pulled this shit as you walked into a cinema?

You get the good ending to the film if you pay extra. Also, that character isn't in it unless you pre-ordered...

[–] [email protected] 19 points 1 year ago

This is wonderful!

[–] [email protected] 19 points 1 year ago

On the other hand, I even kind of respect scams that are purely targeting greedy people.

[–] [email protected] 19 points 1 year ago

Thank God. Rest in piss, NFT craze.

[–] [email protected] 15 points 1 year ago

Finally some good news for a change

[–] [email protected] 12 points 1 year ago

Schadenfreude is a pretty toxic perspective but I'm definitely laughing at the people whose finances exploded because they sold everything for monkey JPEGs.

[–] CookieJarObserver 11 points 1 year ago

Do we have a celebration party? NFT was never supposed to be this shitshow and the scammers (including companys putting them in games) deserve the worst.

[–] [email protected] 11 points 1 year ago

Proud of us for this one!

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