NFTs, the next wave of stupidity

Pekelo said:
I thought it was obvious, but I will repeat it if you somehow missed the title of the thread:

NFTs are worthless peace of shits, the beanie babies of the 21st century, because they are not unique, they can be copied, and who the fuck want them anyway unless:

1. You want to sell it to a bigger idiot. (if you can, good for you)
2. You want to launder money.
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No, you can tell right away if an NFT has been copied and who the originator is for that NFT. Unlike most physical art being sold today.

And an NFT is not used to launder money. Or else it would be illegal. You are buying art for whatever the price may be, just like any canvas painting.

Just because you have an opinion on something doesn't make it a fact
 
2rosy said:
so the real issue is finding greater fools and hype?
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No, the bigger issue is getting educated on the tech and this moment in history; fools and hype exist everywhere.

There's a scene in Netflix's "Inventing Anna" S1E2 which illustrates the distinction. It's the scene where Anna is approached by a Talia while reflecting on a piece of art. They do their socialite thing but Anna then guides the person attention to the work of Cindy Sherman and breaks down why her work is relevant, captures a moment in Fine Art and has durable value.

It's a great scene about taste and what's required to have it.
 
Tokenz said:
No, you can tell right away if an NFT has been copied and who the originator is for that NFT. Unlike most physical art being sold today.

And an NFT is not used to launder money. Or else it would be illegal. You are buying art for whatever the price may be, just like any canvas painting.

Just because you have an opinion on something doesn't make it a fact
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Nothing stopping someone from creating an NFT of some object on multiple block chains.
Or an NFT of more than 1 supply. The T in nft is token aka coin
 
2rosy said:
I consider myself an artist. I can create millions of NFTs in seconds. I can create an NFT of me creating the prior NFT endlessly. wild west
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Well you might be an artist in your own mind, but it's not about what you think, it's about what everyone else thinks about your art.
2rosy said:
Nothing stopping someone from creating an NFT of some object on multiple block chains.
Or an NFT of more than 1 supply. The T in nft is token aka coin
More...

Like I have said 2 times already, you can tell the origins of where the NFT was created, and can easily tell if authentic or copied.
 
Dude, you are obviously too young and don't know much about the real world.

Tokenz said:
1. No, you can tell right away if an NFT has been copied and who the originator is for that NFT.

2.And an NFT is not used to launder money. Or else it would be illegal.
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1. Who cares if my PrintScreened copy looks EXACTLY the same ??

2. Restaurants, real estate,etc. are used for money laundering, but they are not illegal.

You see, you have no valid arguments here, so just learn more about the world. Start with the story of beanie babies.

https://wealthygorilla.com/most-expensive-beanie-babies/
 
Pekelo said:
1. Who cares if my PrintScreened copy looks EXACTLY the same ??
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Everyone else except you, because everyone including you will know that it's copied and worth nothing.

Pekelo said:
2. Restaurants, real estate,etc. are used for money laundering, but they are not illegal.
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That's different but with an NFT you can't, because the price of the art is the amount you will pay, since there is no law stating that art has to be cheap.

Sorry buddy, you've lost this argument, better luck next time.
 
Tokenz said:
Like I have said 2 times already, you can tell the origins of where the NFT was created, and can easily tell if authentic or copied.
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I didn't say anything about copying; not even sure if you can copy but can clone and fork.

Yes, you can tell the origins of an NFT. However it is trivial to create an NFT (which is itself a crypto coin) and there is no requirement that the NFT has supply of a single token and no minting. I can create a faberge egg NFT that has a supply of 4 tokens... builtin scarcity.
 
2rosy said:
I didn't say anything about copying; not even sure if you can copy but can clone and fork.

Yes, you can tell the origins of an NFT. However it is trivial to create an NFT (which is itself a crypto coin) and there is no requirement that the NFT has supply of a single token and no minting. I can create a faberge egg NFT that has a supply of 4 tokens... builtin scarcity.
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Sure, that's just 1/2 of the equation - where's the demand coming from?

You could set-up separate wallets and wash trade it but for any doing DD, it's pretty easy to spot.

Dumb money is dumb money and cash grabs are not unique characteristic of the NFT space.

What is unique about crypto is it's transparency and where it's not, then one can pause, evaluate the risks against the merits.
 
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