Benefit of the hindsight

The sad thing is the concept wasn’t.

Selling NFTs with no physical existence is what is pointlessly stupid.

Before they came along i considered the idea of a blockchain linked video camera where metadata of footage gets written into the chain to combat fake news and misinformation.

The goal would be to create a proof and record of original footage, to which media publishers and people who share can link towards to verify authenticity/author.

If the media later gets manipulated or reframed you would be able to verify this by comparing to the original record.

It was never a finished idea but when i first read nft i thought this is the right direction.

And then capitalism started selling apes and what the actual disgusting money possessed fuck was that.

When my these first arrived my brother was all about them. Dude was stoked and thought he was the next billionaire. I then asked him what's to stop someone from copying the image? He shrugged and idk man man but im going all in. It was on that day that I knew my brother was tarded

It's so funny looking back at it (though it was funny while it was happening too), these new-flavor cryptobros tried so hard to convince themselves that they were in the right, they made "cartoons," games, I think they even planned like an island resort or something around their monkey pictures.

Near the peak of the NFT craze I was gifted (as part of an initial mint) an NFT, which I turned around and immediately sold for $3k. Last I looked it was worth about $200. That's the extent of my experience with NFTs.

How do you know a crypto scheme is a scam?
You already know, the answer is "yes". It's always "yes".
The only question is, can you hold the tiger's tail just long enough to make a mint and still let go in time that you aren't the last one holding it.

a Mitch Hedberg variant

You know, I feel bad for the people who were conned by the Super Bowl commercials. Celebs added legitimacy to the con. Everyone else who actually got into it because of whatever other reason, I don't give a fuck about. And SBF? Fuck that guy. I'm glad he's in prison. (I know he was selling a crypto-currency, not NFTs. Don't correct me.)

Oh, and the late night guy and the celeb blond lady who had an awkward conversation about it (was it the hotel sex tape lady?) can also fuck right off. Someone paid them to shill and they went for it. Assholes.

But, all that being said, I'll sell you a jpeg for $1000. Or two for $1999.

Edit: Paris Hilton, don't @ me. Edit: missing "the"

When they were first blowing up, I thought sure, I'll turn a couple old unreleased tracks of mine into NFTs. I signed up to some site I forget the name of, uploaded the tracks, and then then found out I had to pay something like $500 a track to turn them into NFTs. It was a pretty duh moment for me. Of course the content doesn't mean shit, it's just the money. I never paid them a dime and deleted my stuff.

NFTs are just beanie babies for millenials and gen z

I remember reading a proposal how music artists could somehow use nfts as digital record keeping so when digital tickets are resold they could get a percentage of the sale each time it was resold. Making more money for artists and disinsentivising resale but you know ticket places would never let it happen. I'm sure you could do it without nfts but it seemed like a really great idea.

Pretty much all crypto bro stuff, honestly

I actually would say it’s harder to say now.

It was easy at first because it was obvious.

But NFTs are still a thing… so even though it’s still a scam, it now makes you question humanity.

made money and got out so cant rlly complain tbh

Every time someone mentions NFT's, I think of this gem and its sequel

There use to always be a crowd of TSLA stock owners (fewer now) defending Tesla in posts criticising Musk and Tesla, and similarly lots of people who are clearly cryptocurrency owners coming out of the woodworks to defend cryptocurrencies in posts critical of them.

Under this post we seem to be getting a lot of NFT owners doing the same: "selling their book" as they say in Finance.

People will say any old bollocks and dissemble like pros to keep up interest in the "investment" assets they own until they find a greater fool to dump them on.

Makes me think of the difference in the discourse around Bitcoin back in the early days vs latter stages: NFTs were created from the very go as way of separating fools from their money so the talk around them has always been swindlers' talk - or if you want to describe it in a positive light, "the grifters grift" - but Bitcoin did not start as a vehicle for money making, and I remember back in the beginnings of Bitcoin how the talk was very different - mainly naive idealism - and how it changed over time as greedy types became a greater and greater part of those who had bought Bitcoin.

It's remains sad that the name NFT is tainted by scams. In business, we start using NFTs more in various other contexts than "art". NFT technology, without the scam marketplace, has many use cases that we only now start to see benefits from. It's a very good way to digitize assets and use them in business processes.

I quite enjoyed supporting artists like Ame72 and Sabat by purchasing their digital artwork. 🤷‍♀️

I don't see how it's much different than Patreon. You pay creators that you enjoy, you get a digital collectable, and access to discord of you care about that sort of thing. NFTs allowed many people to do art full-time.

We will need an immutable signature for content at some point moving forward since AI is going to be so prevalent and it will be easy to make fraudulent clips, podcasts etc. NFTs would be perfect for this.

I had too much money once. I bought some nft Reddit avatars for like 2k and it is still there somewhere but I am too lazy to even check on that

It’s somewhere there some kind of nft safe they have or something like that. It’s all very clunky.

I think I had to note down some access code at some point or something like that, it’s all too tiring to remember and unclear if there is anything you can do with it

i smoked a joint with an one of those ape drawings on the jar last night, that was a Nice Fuckin Toke