It's not even the picture, it's the promise you own a picture
Memes
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
And the picture itself is just a randomly generated picture of a money or a picture of Donald Trump photoshopped into something from the first page of Google images.
No they aren't NFTs are recipts. That is all they are. They can have a connection to images or physical goods but they only proove that you bought a recipt and not actual ownership.
Shes right an nft is a hallway to the picture. You don't even own to picture
You don't even buy the photo, you buy the hyperlink to the photo. In a sense, your buying the treasure map to gold, but you can't have the gold.
I personally view crypto and the crypto boom as an experiment in unfettered capitalism - it's still a new technology, the governments haven't caught up to it yet so no regulations, yet quite literally 99% of crypto usage was in trying to take advantage of others (scams) and speculation.
The only thing with actual value that came out of crypto was probably Monero, which allowed for completely anonymous payments, something that crypto, when paired with crypto exchanges, is bad at.
That being if you can get yourself some Monero anonymously. I can see valid use cases for that, for example in the drug busines...
Maybe I'm not very knowledgable, but even Monero seems sketchy to me. I've clicked into what I thought were blogs about privacy that ended up being sites that exist only to promote Monero, once you look into them. That and the way certain accounts will do nothing but praise Monero just seems very greasy to me. I also wonder how it solves some of the other problems inherent to crypto, such as the environmental concerns.
For things like drugs like the person mentioned below, I don't think I'd trust someone who didn't just use cash.
NFTs are just USED for pictures. They actually had potential to solve real world problems, but jetzt isch d Katz de Bååm nuff as we say in hohenlohe.
NFTs
Note: this is how you spell it. Apostrophes are for possession & contraction …not making words plural.
That's not true, clearly an apostrophe means: "watch out, here comes an s!"
Correction:
That's not true, clearly an apo'strophe mean's: "watch out, here come's an 's!"
Came here to say this. It's a silly way to look at it, but these dorks are basically saying "no, using the 'internet' is not going to catch on silly techies." It's a kind of technology, not a vehicle specific to capitalism or big funds. NFTs could be proof of ownership over anything.
Consumers want true ownership, even if it requires a kind of tokenized-receipts system.
I was pretty shocked when I found out that NFT pictures aren't even stored in the block chain. NFTs are just records on the block chain with links to images stored on ordinary servers.
This is because you (in theory) need the whole blockchain to validate an NFT, so you want to keep it as small as possible.
But since you store the Cryptographic Hash of the image too, you can validate that the image on the server is actually the same one referenced by the blockchain. You could even move it to another server, but it will break the link obviously
Except you don't own that server and have no control over it, and if the server owner takes the image offline you're screwed
FWIW nobody who is actually knowledgeable about crypto ever thought anything positive about NFTs. It's all just wallstreetbets types who read one article and think they're economists now. The tech is interesting and has applications but monkey jpegs are what idiots spent millions on for some reason.
The tech is interesting and has applications
I used to say that, but I've given up on that idea. I've never seen a use of blockchain yet that didn't boil down to being virtual money. NFTs could have had potential as a method of trade if they were tied to real ownership of things instead of just receipts saying you bought a cartoon monkey jpeg.
But every time I think something would be a problem blockchain solves, I can always think of an existing, typically better, solution to that same problem. I think that space is too infested with grifters to attract anyone with a truly novel idea.
Physical money is just metal, plastic and paper.
The problem is the virtual value we give certain things.
Cryptobros incoming to tell us all the real-world problems blockchain's going to solve any day now in 3... 2...
I got 99 problems, but a blockchain solves none
The point of blockchains is decentralization, and as Lemmy users we know that decentralized services are difficult to make popular, even if they're an improvement over their competitors.
Crypto ~~Bros~~ Losers would be really mad at reading that, if they weren't busy fellating the owners of BoredApes after they made them blind.
...
What? No, that's not a joke.
https://www.theverge.com/2023/11/6/23948464/bored-ape-nft-event-eye-injury-sunburn-uv-exposure
"Had a good time with the homies who also got their eyes burned". These people are unbelievably down there in the pathetic human scale.
What the fuck. I've been to many, many clubs and shows with creative lighting, and never once heard of or experienced a problem like this. This had to be reckless ignorance on the event planners to result in something like this. Holy shit.
"This comment is an NFT and if you screenshot this I will sue your ass without hesitation. Please paypal me 4500 USD if you would like this comment, and don't mess with me. I got my whole crypto gang on my side. We will fuck you up if you try stealing this comment, so don't fuck with us."
Why are they asking for fiat currency?
To be fair most art is just pictures (using the term picture loosely). That's not why the nft is dumb.
NFT Bros 🤝 Twitter Artists
Seething about their jpegs being stolen
I think NFT's had some promise for stuff you actually have to own (not some ape pictures). Like a digital version for maybe an invitation or tickets or if done properly (by your countries government for example) maybe even for stuff like licenses (i.e. driving license, welding license etc.) Or identification (passport, id, etc.)
For government documents you need nothing but a plain old certificate to create a digital signature. If there is a single instance of trust (such as a government) there absolutely no point in using a blockchain.
Decentral NFTs for concert tickets would only make sense if you were looking for a solution to liberate the second market, i.e. people selling tickets to other people without involvement of the host of the concert. Such a model is neither beneficial for the hosts (as they wouldn't benefit from the second market sales) nor the visitors (as the second market typically leads to even higher prices). If you meant a way to return/trade tickets on a platform controlled by the host / the original issuer of the tickets, then there's again no need at all for crypto aside plain old, stupid certificates.
OP, I'll buy it for eleventy billion and one spiff coins.