Calling Cards of Morons

[Aim Here]

11 minutes ago, Rod1877 said:

I claim no expertise either but as far as I can get my head around it, the NFT represents the ownership of the digital file (image, video, music, whatever). 

I think you have to clarify that you don't 'own' the file in any legal sense. The concept of ownership here is entirely vacuous. The owner of, say, Van Gogh's Sunflowers or Picasso's Guernica actually owns a physical object that is the artwork. The "owner" of Led Zeppelin's 'Stairway to Heaven' or Tarantino's 'Pulp Fiction' holds the copyright - the rights to decide who is allowed to copy the work and on what terms, as allowed for in copyright law.

The 'owner' of an NFT associated with an artwork has possession of a big, secret number that nobody else knows, and has only some vague supposed association with the artwork in question. The NFT-owner has literally no rights relating to this artwork that aren't already enjoyed by everyone else.

About the only case for the value of these things is that by paying a lot of money for one of them, you are demonstrating your ability to casually piss money away, which may impress your social circle, if you happen to inhabit a circle of overly-monied morons.

Edited December 2, 2021 by Aim Here

[Melanius Mullarkey]

NFTs are about collecting JPEGs and shit? I must be Charles fucking Saatchi.

[BFTD]

There's also the fact that they're produced using blockchain, which is currently consuming masses of energy at a time when that's considered A Very Bad Thing, both financially and ecologically. But it's for rich folks, so that's fine.

1 minute ago, Melanius Mullarkey said:

NFTs are about collecting JPEGs and shit? I must be Bob fucking Guccione.

FTFY

[Miguel Sanchez]

@Fraser Fyvie

[DiegoDiego]

There's also the fact that they're produced using blockchain, which is currently consuming masses of energy at a time when that's considered A Very Bad Thing, both financially and ecologically. But it's for rich folks, so that's fine.
FTFY

I expected better of you BFTD, but one exchange on Solana uses less energy than watching two YouTube videos.

There is already massive proven social utility to owning certain NFTs just as owning an otherwise £2 pair of boxers with Calvin Klien written on them is suddenly valued at £10.

[Shotgun]

For sale:
Valuable NFT of Alexi Lalas. One time USAian footballer and current Fox Sports commentator. DM me with offers. Hurry! This won't last long.

 

[Derry Alli]

That's TechnoViking. 

[Shotgun]

So it's worth more then? Splendid.

[Cosmic Joe]

13 hours ago, johnnydun said:

Skolip and wofill 

Wrang

[tamthebam]

This has been enlightening.

I had thought a non-fungible token was a penny dipped in athlete's foot powder but now I know better.

[BFTD]

12 hours ago, DiegoDiego said:

I expected better of you BFTD, but one exchange on Solana uses less energy than watching two YouTube videos.

There is already massive proven social utility to owning certain NFTs just as owning an otherwise £2 pair of boxers with Calvin Klien written on them is suddenly valued at £10.

Ha! Now you know better.

I'm fairly ignorant on this, only going by what I've picked up in passing, but even a quick search for "blockchain energy consumption" is full of hits for articles claiming absolutely monstrous power usage. I'll need to read up on it more, and it doesn't make you wrong, but you're literally the first person I've seen claiming otherwise.

Also, which YouTube videos? Asking for a mate.

[DiegoDiego]

There's so much nonsense from both sides when it comes to blockchain. There are loads of people who seem to be strangely militant in their hate for the technology, and similarly there are the obnoxious Bitcoin bros which Ross was talking about. There are also plenty of rug pulls, pump and dumps and other scams. I'm not very comfortable with the advertising by the likes of crypto.com and etoro either.

Blockchain has had many opportunities to fail over the last decade but instead it's become a multi-trillion dollar industry. There are a huge amount of incredibly smart people working on it and more are coming over from other industries by the day.

More work needs to be done in convincing the public of its benefits though. NFTs are massively misunderstood and have far more use cases than Alexi Lalas pictures and Bored Apes.

[welshbairn]

My attitude is that blockchain technology is undoubtedly useful, but it will be adopted by national banks and conventional financial institutions with the security that implies, making all these existing coins and instruments less desirable and tradable.

[Highland Capital]

Tweet stuff like this.

[Highland Capital]

I'm not really sure how this whole NFT stuff works but there's something about it I find a bit creepy.

[NotThePars]

Kudos to anyone who's made money off an NFT but it's a scam sustained by dumb dumbs and no amount of bleating from nerds is going to change that.

[Theroadlesstravelled]

18 hours ago, Highland Capital said:

I'm not really sure how this whole NFT stuff works but there's something about it I find a bit creepy.

It’s a way to buy, sell and prove ownership of digital art. People can sell physical artwork that they have created so why not digital artwork?

You can own this drawing for the bargain price of $1 million. Have a piece of Internet meme history, or don’t cause that would be daft.

 

 

Edited December 5, 2021 by Theroadlesstravelled

[Hampden Diehard]

There hardly seems to be one Glasgow bus that doesn't have some w****r playing his choice of fuckwit videos for everyone to put up with.

[DiegoDiego]

Kudos to anyone who's made money off an NFT but it's a scam sustained by dumb dumbs and no amount of bleating from nerds is going to change that.

Some of the worst bait I've seen on here in a long time.

It’s a way to buy, sell and prove ownership of digital art.

Not just art, it's digital proof of ownership of anything. No reason why the deeds to the big hoose couldn't be an NFT. Your season ticket could be an NFT. There will be hundreds of use cases.

[welshbairn]

1 hour ago, DiegoDiego said:

Not just art, it's digital proof of ownership of anything. No reason why the deeds to the big hoose couldn't be an NFT. Your season ticket could be an NFT. There will be hundreds of use cases.

In that case they're worth no more than blank sheets of paper without a link to an object of actual value. Art is pushing it imo.

Edited December 5, 2021 by welshbairn