Jokes on him. I’ll just copy and paste the picture.
I really don’t ‘understand’ NFTs. They’re just digital art? You bought an image for £10K… Nice.
I can’t see NFTs having any use in society? Is it just ownership registered on this blockchain?
What are other uses for the technology?
Why does every post about NFT’s have the exact same comments?
Used to go past this on the bus to work everyday. It’s long gone, really miss it.
I’m no expert but I think NFT’s and art are just a small part of the puzzle.
The biggest area will be for financial markets.
Every traded company issues X number of shares. These go through brokers, clearing houses banks etc etc etc- every step takes a bite of the cherry, leaving less for the end purchaser.
If each share is its own NFT, then the big banks and finance companies who have been conning the general public fir decades will be screwed and will have to play by the same rules as everyone else.
Also any digital media like games, music, apps can all be traded on a second hand market.
wait, so they’ll destroy the original to create a jpg which can be copypasted several million times?
Ok. NFT are for way dumber people than I initially expected.
Who trades big stuff for a few electrons?
ITT: loads of people who can’t grasp that value is a social construct that is often irrational and the physicality of an object isn’t what necessarily gives it its value, it’s the ownership and scarcity of the original work.
I can literally download a high res image on the Mona Lisa, get a sick copy made and it will never be anywhere close to the value of the original because it’s down to the originals scarcity and bragging rights of owning it.
NFT for art is meh but loads of interesting use cases in verifying ownership on the horizon.
Last week’s Behind The Bastards podcast had a two-parter on NFTs and Crypto. Really summed up why the implementation of crypto currencies and NFTs is moronic and ultimately bad for the environment.
Another way to launder money, the same as this crypto shit.
9 comments
Jokes on him. I’ll just copy and paste the picture.
I really don’t ‘understand’ NFTs. They’re just digital art? You bought an image for £10K… Nice.
I can’t see NFTs having any use in society? Is it just ownership registered on this blockchain?
What are other uses for the technology?
Why does every post about NFT’s have the exact same comments?
Used to go past this on the bus to work everyday. It’s long gone, really miss it.
I’m no expert but I think NFT’s and art are just a small part of the puzzle.
The biggest area will be for financial markets.
Every traded company issues X number of shares. These go through brokers, clearing houses banks etc etc etc- every step takes a bite of the cherry, leaving less for the end purchaser.
If each share is its own NFT, then the big banks and finance companies who have been conning the general public fir decades will be screwed and will have to play by the same rules as everyone else.
Also any digital media like games, music, apps can all be traded on a second hand market.
wait, so they’ll destroy the original to create a jpg which can be copypasted several million times?
Ok. NFT are for way dumber people than I initially expected.
Who trades big stuff for a few electrons?
ITT: loads of people who can’t grasp that value is a social construct that is often irrational and the physicality of an object isn’t what necessarily gives it its value, it’s the ownership and scarcity of the original work.
I can literally download a high res image on the Mona Lisa, get a sick copy made and it will never be anywhere close to the value of the original because it’s down to the originals scarcity and bragging rights of owning it.
NFT for art is meh but loads of interesting use cases in verifying ownership on the horizon.
Last week’s Behind The Bastards podcast had a two-parter on NFTs and Crypto. Really summed up why the implementation of crypto currencies and NFTs is moronic and ultimately bad for the environment.
Another way to launder money, the same as this crypto shit.