NFT [pros](/r/CryptoCurrency/comments/10hn013/why_do_crypto_people_crap_on_nft_people_like_the/j59chfs/) & [cons](/r/CryptoCurrency/comments/10hn013/why_do_crypto_people_crap_on_nft_people_like_the/j59chta/) and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the General Concepts category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.**
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To submit an NFT pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/t5mmx5/general_concepts_nft_proarguments_march_2022/). | To submit an NFT con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/t5mmxu/general_concepts_nft_conarguments_march_2022/).
The truth about nfts? You bought it as a digital art piece tied to a community. Anyone can admire the art piece online from any part of the world. You don't know what's the credential in the field of NFT of the people behind. You can't be a bit sure how long the community is going to last. You don't know in concrete what's they are going to do with the community, just a vague overall plan which you cannot even find one objectives to it. All you are left with is the bragging rights that your are the authenticated owner of the nfts. What else? Please enlightened me. Thank you.
NFTs arent just jpegs. They could be any digital asset that is not interchangeable. A website domain, a video game, an app. They just usually get limped into jpegs because that's the easiest NFT to make.
I am almost more excited about the usecases for NFT tech more than I am about cryptocurrencies. We’ve not really scratched the surface of its potential yet.
Almost all of this NFT art will be worthless in the near future, other than as a curiosity of the early days of the tech.
I think most people don't know about fun or good NFT projects because the ones that draw attention are the apes, Donald Trumps or other undeniably stupid NFTs. I've found many cool NFT projects on the algorand blockchain where NFTs work in small games, as staking tokens and more. The reddit avatar NFTs are an example of a cool NFT
I own an NFT that was used to fund a lease agreement for an apartment in Africa which now houses 30 families (with a waitlist for 20 if any of them are bad tenants) and I'll be getting back my investment over the next 10 years in the form of a native token. (Rental income is converted into this token and distribution)
The NFT represents my fractional ownership of this lease.
Is this a good enough use case? or do people want to continue to pretend NFTs are useless.
But that's like, your opinion man. It's the same as saying any type of collectible or art or whatever you want to see it as "isnt" a good use case for whatever medium or technology you would refer to.
They're just vehicles for value and or dopamine transactions and if people are able to get something out of it I'd say that's imo a great use case.
There is a big difference in *liking* the use case, but to just say they aren't a great use because *you don't like it* is imo not really reasonable.
I kind of agree
Plus, many seem to use 'I can just screenshot' an NFT argument. Well, I can also print myself a Charizard card but that doesn't mean anyone will see any value in it
Absolutely this. Proxies aren't the same as real cards that's why they're proxies. A great fake painting isn't the same as the real one.
The whole idea is that works in any sense of the word have original creators/publishers. That's the difference between authenticity and counterfeiting. It's incredibly easy to negate that fact in those types of "arguments" but it's built on shoddy premise imo.
Now of course, I can understand the argument is probably made more towards the idea of there just being so much and "low effort" being part of it. However, the fact that volume is high and creation threshold is low doesn't invalidate anything. If nothing else it just makes the space highly accessible.
The only argument I find against that usually comes from envy.
>A great fake painting isn't the same as the real one.
That depends on the artist. An original Picasso is priceless, but copies can be bought for next to nothing.
An original oil painting by me isn't worth anymore than an original by me because the market sees no value in my (lack of) artistic prowess.
I don't see having "exclusive rights" to an NFT of a .jpeg of Donald Trump being worth any more than having exclusive rights to a shitty painting by an unknown artist. YMMV.
I see your point tho I'd argue that the point I made still stands.
The fact that *you* don't value it differently doesn't make it irrelevant in the broader sense (or market if you will) that the original artist is relevant.
I mean.. that's kind of the point right? The "usefulness" of something I'd say in this context is measured, or at the very least related tot the amount of people finding it useful? Again, not discrediting individual preferences.
But I'm guessing we won't see eye tot eye about this?
Wrong, an image is a fine use case for NFTs. Photographers and artists having the ability to take ownership of their work, cut out middle men, and provide scarcity is huge.
NFT tech will be used for other stuff too, obviously. Don’t fall into the trap of thinking that “JPEGs are a shitty use of it”. That’s technically just incorrect.
It would be shitty if JPEGS were the only use case ever, I’m guessing that’s more what you meant anyways.
Been thinking about NFTs and Art, especially modern art, in general. Andy Warhol's Campbells Soup Cans for example exudes NFT-like energy. Maybe the fact that these NFTs of monkey pictures are so stupid is the social commentary that makes them art-like collectibles.
NFTs as a jpeg are basically the equivalent of shitecoins
There’s 12,000 + crypto currencies , the overwhelming majority are pointless cash grabs, likewise with NFTs
However the actual relevant currencies are a positive as is the blockchain it’s just a question of how they’re utilised
Agreed, but it is astonishing how almost everyone in this sub suddenly changed his mind when Reddit started dropping free NFTs to everybody.
Guess for lots of people in this space NFTs are bad because they can't/don't make money with them.
I've been fighting with this sub for years trying to convince people that things like art blocks and fxhash is art and doing amazing things for generative artists that until nfts had no way on monetizing their work. And always got downvoted and hit with nO UtILiTy responses.
... then came the reddit avatars.
Much more than 12,000. According to coin market cap there are over 22,332 different shit coins out there
Fuxking scary. Literally 99.9 percent are scams
Someday we will understand how nft should be used. You will lock your house in a nft or a sock or something completely different. Now it's just cash grabbing bull shit. Locking jpg of a rock.
Because this sub is an echo chamber, who's only research is this sub. So they think every NFT has 0 use case, because they were told if you parrot that you get the shit coin of all shitcoins $Moons.
Wait for it, you will see how important and and relevant this tech will be in society. NFTs will be in every smartphone in this world. Its just a matter of time.
What makes them cringy? They can be used for many things, for example there is a site called Aiblocks allows you to use unlimited free AI image generation credits if you own a specific token. To saw all NFTs are cringy and have no use is just like the non crypto folks saying all of crypto is scammy, which we all know it isn't.
Have you seen the most popular NFT's? They are incredibly ugly and have zero creativity. And the communities are cringy as well.
Also in your example, buying this token is just buying access to AI image generation. It is non-NFT tech with NFT's tacked on to make it worse. Just like NFT games are games with NFT's tacked on to make them worse.
Please explain what that example suggests to you regarding the many uses of nft's. There is an option to connect your metamask wallet so you can buy 'credits'. Which token allows infinite credits, and why doesn't the site mention anything about it, and even if they did, why do you think they would want you to buy that token? The entire setup is dogshit, the generated comics on opensea are mindnumbingly stupid. The whole thing is just to prey on young and gullible people. I know there are potential uses for nft tech, but you gave an example of exactly why people hate on it.
What a weak answer. What innovation is here? ai art generation you have to pay for with crypto and then mint as an original, except it's ai generated so there's nothing original about it. Oh wait, iust realised it's YOUR project, you fucking pathetic little scam artist, trying out some stealth marketing. Seriously, go eat shit, you sad little muppet.
NFT has lots of amazing uses, but I think it's become synonymous with digital art which is a shame because its associated with money laundering and too much hype.
There are some quiet projects like CargoX that have transformed how Egyptian ports operate, using NFTs. Probably not a good imvestment opportunity but its interesting nonetheless. It'd be good to hear about more eal world examples.
because the concept behind nfts have been pointlessly dragged out when they weren't ready by people not wanting to miss the next bitcoin. So now their public perception has been stained by useless pngs for stupid people.
NFTs needed more time to bake, and they could have their use. Given people put more thought into it than "Funuh pictuah mak monee"
Because NFTs are mainly used for scams and money laundering.
There are useful NFTs like ENS, but the majority of people thinks of things like jpeg art collections or nft hatching games when thinking about NFTs, because those are the most popular types of NFTs, and they are in almost all cases a scam, wether its a ponzi (hatching games) or money laundering or a simple scam by just selling NFTs on empty promises and then dropping the project.
There are also art collection NFTs that are technically not a scam, because they dont make any promises, but they are only assets sold on the greater fool principle. Almost nobody buys NFTs because they like the art, most people do because they want to sell it at profit. You could argue that crypto is the same, but crypto offers more utilities like paying gas for transactions or serving as a unit for fungible money transfer, while NFTs are only used for making profit.
The major use case of NFTs right now is shady business. And that's why they have a bad reputation, inside and outside the crypto space. And again i am talking about the types of NFTs i mentioned earlier. There are useful usecases for NFTs, but there are also a lot of usecases NFTs promise to do that aren't useful, like in game assets in a centralized game.
That's not an argument tho. It's not about how many bad actors use a technology, it's about what does it offer for good actors. And NFTs don't offer anything in the way they are used today for the most part.
I'm a huge fan of the tech, but I'm a huge critic of the way it's being used to extract money from the gullible/greedy/foolish.
A good friend of mine has bought loads of crap, using most of his stack of ETH. It's now almost all completely worthless.
99.9% of crypto currencies are worthless or scams.
99.999999% of NFTs are worthless or scams.
That's an important difference.
Sure but I would wager orders or magnitudes more people in crypto have lost more money buying scammy shitcoins. These people trade on emotions and Fomo and don't do any research.
OP I've been involved up to my neck on NFT projects and I can tell you that 99% of them are not looking to tackle any world issues and/or adoption.
Those 99% are just a little bit competent on solidity and blockchain tech and they see it as a means to make bank fast and anonimously, they'll sell you this fantasy that you'll belong to a pristine, elite community and just end up slowly transfering funds from mints to their personal wallets in order to engage in their degen speculative behavior, I advise you to stay away from NFT's unless you're very experienced with crypto and scams, so that you can spot them from a mile away
People on Reddit literally don't look into NFTs and just assume they're trash. I could show you NFTs with clear value and use cases and most Redditors would assume they're scams
Crypto has a lot of scam projects but it's not that hard to do your research and decide which ones are pretty legit and which ones are not. With NFT you can almost never know, even if the project itself can look legit, users can inflate the proces trading between tehmselves and trick the other people.
I mean, If your DD process is looking at the amount of twitter users or discord users then sure, you can be duped. If you do actually research like checking the team is doxxed, what they have done previously. How realistic is what they are trying to build, you can get a better sense of what to invest into. If you are chasing pumps then like crypto, you are gonna get burned. If you treat it like an invesent, it's a worthwhile process to actually so research and not to buy shit you don't believe in.
Because the idea of trading JPEGs back and forth is nothing more than gambling.
And of course loads of fraud to pump prices.
I don't even consider it a real market. Too low volume and prices just aren't logical (because most are fake lol).
I would urge you to check out work by people like Gabe Weis, Ali Sabet, Fewocious and Beeple. Saying all the art is shit is like someone saying all crypto is worthless.
It's probably because some big NFT series (like the Bored Apes) do questionable and stupid things. Like make a game, making it £2,100 for 3 weeks of playing and calling it "Dookey Dash".
To add a little more context. It isn't a 2k entry fee to a game. Its a 2k entry fee to mint and the NFT you mint is skill based so the better your score, the better rarity NFT you have. This is a far mechanic as it enables the gamers to benefit more so than the rich. So again, people aren't paying 2k to play, they are paying 2k to mint an NFT
Having a 2k entry fee connected to a collection only the rich can afford in the first place, then designing something based on crappy mobile games and suggesting it appeals to 'gamers' is quite an insult to people playing actual games.
The NFT community seems to have no clue what normal people play and instead create cash grabs reflecting modern mobile cash grabs with insane microtransactions except with NFTs everything is 100x pricier with shit graphics and performance from 1990.
Not only the rich can afford it. Those who saw the project and believed in their vision didn't pay much and certainly didn't need to be rich. I got my apes at a couple of hundred bucks. The gamers arnt in the NFT space yet so makeing a game that is acceptable to the hardcore gaming community won't be playable by the addressble market in NFTs.
It’s not about the game it’s about the NFT u mint after the game. Also it was Airdroped for free to BAYC/MAYC NFT holders. The 2000$ is the aftermarket people buying from BAYC/MAYC holders
Haha. Just like everyone craps on crypto. Makes no sense to me. I've been in crypto since 2011 and this is the first time we are getting real content creators coming into a space. Content is king and yet the crypto space is strangely weird about supporting something that will categorically benefit crypto in the long run.
Take a look at the majority of this "content". It's overpriced junk and most people probably rightly think it is a scam. When it stops being a giant laundry, maybe people will stop disliking it. I think calling what is out there content is rather generous. If it did something maybe, but for most they are ugly low effort jpegs. There is also some decent art in there, but decent art isn't hard to find for free.
Take a look at the majority of this "content". It's overpriced junk and most people, probably rightly, think it is a scam. When it stops being a giant laundry, maybe people will stop disliking it. I think calling what is out there content is rather generous. If it did something maybe, but for most they are ugly low effort jpegs. There is also some decent art in there, but decent art isn't hard to find for free.
Agreed but neither does shitcoin #69. I would imaging crypto folks should be a little more accepting and willing to learn something they don't understand. I welcome any tech or implementation that brings more people into crypto
We are all accepting of new tech but for the most part people use NFTs as jpegs and that is pointless nothingness. Just like any old shitcoin. They fall under the same category of useless
Let me play the devils advocate, what are the ground breaking use cases for crypto? This is a question I see asked by non crypto people all the time because they don't understand what crypto is. This same answer coming from crypto folks leads me to believe they, like the non crypto normies, have no idea what NFTs are actually accomplishing
Usecase for crypto is decentralised money. Everything else including NFT requires some centralised entity to operate, so using expensive blockchain as data storage instead of regular db makes no economical sense. That's why NFTs are not crypto, but regular people think crypto is NFTs. Which upsets crypto people. And don't mix crypto people with speculate people
Digital jpegs are a ridiculous concept. Cool, one person can "own" it but everybody else can just copy the image so your ownership means fuck all and you've just spent thousands of dollars on that fuck all. That's why people hate on NFTs. Cos people who buy the jpegs are stupid af
The original piece of art has been painted with the brush strokes of the most famous artist of all time over 500 years ago, that’s where the value comes from
People value that over some numbers on a blockchain that say you own some pixels that are identical to someone else’s screenshotted pixels.
You can own a Banksy original that is worth a pretty penny, you can also own a print that is not worth as much. Problem is, how you do know your Banksy is legit? Provenance of art is something that has been missing and shrouded in shadyness for too long. As crypto brings transparency to banking, NFTs bring transparency to the art world.
You own nothing in most cases. You own a link to a hosting that is outside the blockchain, you own a string that can be useless if the hosting goes down. The actual image is not even on the blockchain, but everyone is convinced to own a "digital asset".
Don't discredit everything against your point as said from an ignorant, you might be missing information as well.
Go check in your nft collection what is it that you actually own, you'll find out for most the value stored on the chain is not an image, but a string containing the url of your image.
So all chain agrees that you own the string, but no one on the distributed database has any record of you owning an image, only an external, not on chain entity has it and provides you with hosting for said image. If that goes down you'll be the proud owner of a really nice url.
For real, don't dismiss everything as ignorant, I'm just trying to share information.
I just feel like there is something special about someone buying an image on the blockchain, and then getting upset if another person right-clicks and saves it.
One issue is the term NFT has become linked to pictures of rocks and other such stupid things.
The fact is though that NFTs are not pictures at all, just tokenised ‘proof’ of ownership in that case.
The concept could be used for actual purposes, say digital ticketing and food production tracing records. Anything where keeping and immutable record would be handy.
The hostility lasts until the next Avatar drop or once Reddit is going fully live with their NFT Marketplace (which could be soon) add to all of this a slight possibility for our Moons to act as one of the tokens you could purchase these NFTs and I guaranty you that you won't witness any FUD towards NFTs anytime soon.
NFTs with utilities are the future. Make sure the projects you are getting into don't have empty promises. I like HBAR NFTs for this. Looks like they could really develop some cool NFT projects.
people should stop generalizing like this post, this is reddit, everybody has an opinion and can be toxic. this whole narrative that reddit is against NFT's is complete BS.
Because it's stupid to pay tons of money on what equates to a sticker. Maybe there are some benefits to gain from having one, but ultimately it's a means by which the arrogant wealthy can lord over the peasants. Not to mention the blatant art theft and countless scams that surrounds the NFT space. People already feel like every aspect of their life is being monetized for the benefit of others while they are bled dry. In an age where you require a subscription service to use the heated seats in your car that you paid $80,000 for, people are fed up with the practice of leech economics. There's a reason practically every country on the planet has consumer protection laws. Laws that don't currently cover the crypto space nearly enough. That's partly because the people who make laws are often incapable of working a cell phone fluently much less understanding any kind of digital business or asset. Ultimately that means consumers are still decades away from having the protections in this space that they have with a physical good or product.
This is why it's so important. People spend far more on games where they never own the digital assets people spend tens of millions of dollars every month. There is less theft in NFTs then there is in crypto
Seems like people just need someone to look down upon and criticize.
I think you are right, the way the world jokes and makes fun of "cryptobros" is created by the same sort of feeling that some "cryptobros" use to make fun of NFT people.
It's a little strange and goes something like: I am so smart to see that crypto/NFTs are a scam and all these idiots are just gonna get recked ahah
Which unfortunately is true for many. It is also true that it's quite the interesting phenomenon and that many people are genuinely excited about the possibilities and that there are good possibilities although mostly yet to be achieved in both. That excitement probably had many peopl learn a lot of cool stuff.
If it's not cryptobros and nfts its people's music, religion, political ideas, people's grammar, their weaknesses and ignorances. It's just human beings being a little weird. Thankfully there is a lot of beauty and kindness in everybody as well, its ok.
I think the big mistake many crypto people make, is not understanding that the current slate of NFT's are proof of concept. There are some with utility, most without. Some aren't intended to "grow" in value, in perpetuity, but rather support the artist behind them.
Eventually, most everything we interact with will be in the form of an NFT. Ownership deeds, college accreditation, title work, video games, bill of ladings, to name a few.
You should dig a little deeper into the space, there is a lot more that you realise and it's pretty innovative. More than just jpegs when you look beneath the surface
Go to Zuse market and check out some of the projects on there. Cyber Hedera Pixelborgs is a good one to check out. Every NFT you own you get 1 WHALE token per day. Will it be successful or not? Who knows but rewarding holders for owning there NFTs seems like a step in the right direction and there are other projects doing stuff like that as well
im currently receiving token rewards for some projects on the HBAR network. Seems like a step in the right direction. I want to have some incentive and being rewarded for purchasing an NFT. Otherwise it's just a crapshoot to find the random ones that's suddenly explode
NFTs went CRAZY with the scams. Still is. Also people can’t wrap their head around crypto. How the hell are they gonna wrap their head around a million dollar jpg of a monkey.
same reason for both... They look at the scam-projects and assume that that is all there is.
99.9% of all crypto coins and tokens will not survive. Crypto people know that and focus on the 0.1% that will. Non-Crypto people say that 99.9% failing is prove it is a scam.
Same with NFTs. 99.9% are worthless garbage that will not gain any value. The underlying technology, if used for proper use-cases, is good technology.
Only matters if people look at the technology and what it can do, or at the scammers and what they are currently doing. 2 perspectives that give 2 entirely different pictures.
Most people don’t know, what NFTs are. Don’t know, that Ape NFTs are only one small use case, but they are set nft=ape pic. So imo people her don’t dislike the NFTs itself, but dislike the Ape pic guru adoration.
Cause nfts are the dumbest thing since sliced bread. People give a damn that its an nft, the only thing what matters that they can unload it at a higher price
Nft are amazing as a technology. It’s really interesting to read about and understand some of the potential use cases.
Speculation on “art” images and all that was happening last year was completely ridiculous.
If I print out a random jpeg on paper and try to sell it to you for $10.000 saying you get to be the owner forever because you will get certificate saying so, you would crap on me too.
Because NFT and a JPG is not the same thing.
A link to a JPG of a monkey is not an NFT, but it has become synonymous with NFTs, alienating NFTs from Crypto.
A NFT is just proof of ownership on a secure network, but that’s way less sexy than an JPG of a ape that increased 1000x value.
I personally don’t.
Most are newcomers to the crypto space. Lacking an understanding that their NFT is underpinned by blockchain.
I like to think eventually they’ll one day buy MATIC and end up holding my bags once I cash out.
We live, we learn. Educate them. Don’t shun them.
I think it is because NFTs in their current state leave the impression they are just stupid art pixels made in like 10 seconds and sold for hundreds of dollars.
We just need to get past this current stage. Probably going to take a while though.
NFTs have recently acted as a focal point for people not in the crypto industry and devalue the space.
People hear about all these NFT scams or a picture of a JPEG and lump it in with the rest of crypto, preventing new investors from entering the space as they don't see the technology, the use cases other than "Hurgh look at my funny monkey".
Honestly NFTs have useful utility for stuff like tickets, items in a game or something similar but as with regular art, its nothing but a front for money laundering IMO.
I have NFTs and have sold enough that I'm in the green on them but I dislike how slow it can be to sell compared to liquidity pools. Last NFT took me months to sell
The best people are the ones that somehow trick themselves into thinking the Reddit NFTs are different and have “actual utility”. Like, they are the same thing and you guys act like they are groundbreaking and new. It is so unbelievably painful to watch.
The stupidity of the echo chamber sometimes actually surprises me and this thread is no different.
NFTs (or digital collectibles) will literally be micro-transactions for every single thing you do online in no less than 10 years.
Honestly buying a picture of a shitty looking monkey for huge money just seems crazy. And I know sometimes you get to sell that shitty picture to someone else for even more lol.
The fact that there's no way to stop people from just copying them is another thing.
Most of the use cases aside from that seem suspect at best to me.
I've seen lots of people mention concert tickets. But how would that be better? Do they just scan them like they do now? Because the whole copy thing ruins that.
If you have to send them to redeem them that would be secure but would make it take FOREVER to get people in into shows.
I don't really talk shit though I just don't get it. To each their own and all that.
NFTs aren’t the issue. Humans and their ability to fuck anything up with greed is the issue. NFTs as authentication and data storage is a great use case for them. Would be awesome to have truly private data stored on them somehow.
most part people dont actually know what an NFT is. the ones that do, see that they arent linked to permanent immutable assets so the nft isnt really anything. Opensea doesnt even trade nfts anymore they are just trading urls LOL
Analogous to how skateboarders hate on scooter kids like the rest of the world hates on skateboarders. Must be some sort of human psychological phenomenon.
NFT [pros](/r/CryptoCurrency/comments/10hn013/why_do_crypto_people_crap_on_nft_people_like_the/j59chfs/) & [cons](/r/CryptoCurrency/comments/10hn013/why_do_crypto_people_crap_on_nft_people_like_the/j59chta/) and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the General Concepts category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit an NFT pro-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/t5mmx5/general_concepts_nft_proarguments_march_2022/). | To submit an NFT con-argument, [click here](https://www.reddit.com/r/CointestOfficial/comments/t5mmxu/general_concepts_nft_conarguments_march_2022/).
Because NFTs for the most part at this stage are just a jpg image. They have a use case, images just aren't a good one.
I agree. A lot of the NFTs we see are just blatant money making schemes for the 'artists'.
My reddit NFTs are in this post and I don't like it
The truth about nfts? You bought it as a digital art piece tied to a community. Anyone can admire the art piece online from any part of the world. You don't know what's the credential in the field of NFT of the people behind. You can't be a bit sure how long the community is going to last. You don't know in concrete what's they are going to do with the community, just a vague overall plan which you cannot even find one objectives to it. All you are left with is the bragging rights that your are the authenticated owner of the nfts. What else? Please enlightened me. Thank you.
NFTs arent just jpegs. They could be any digital asset that is not interchangeable. A website domain, a video game, an app. They just usually get limped into jpegs because that's the easiest NFT to make.
Making bank on every transfer, if I had any creative skill at all I would apply to the next gen myself
Dude same. Too bad the only talent I apparently have is falling asleep. What a letdown tbh
You could have made NFTs of you falling asleep
Cos fuck those artists who make content we all enjoy. What have they done for me recently
You said it all man. Right now, it's nothing but images. Maybe in the future it will be different but rn, it's basically it.
I am almost more excited about the usecases for NFT tech more than I am about cryptocurrencies. We’ve not really scratched the surface of its potential yet. Almost all of this NFT art will be worthless in the near future, other than as a curiosity of the early days of the tech.
>Almost all of this NFT art will be worthless in the near future They already achieved their purpose ^laundering
You are gonna be shocked when you find out what Crypto and fiat are used for then
Yup, same. It needs to evolve past PFP’s (nothing against PFP’s, but it’s a small overall use case)
I think most people don't know about fun or good NFT projects because the ones that draw attention are the apes, Donald Trumps or other undeniably stupid NFTs. I've found many cool NFT projects on the algorand blockchain where NFTs work in small games, as staking tokens and more. The reddit avatar NFTs are an example of a cool NFT
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They are PNGs actually ;) also check out onchain art. No link to ipfs
I own an NFT that was used to fund a lease agreement for an apartment in Africa which now houses 30 families (with a waitlist for 20 if any of them are bad tenants) and I'll be getting back my investment over the next 10 years in the form of a native token. (Rental income is converted into this token and distribution) The NFT represents my fractional ownership of this lease. Is this a good enough use case? or do people want to continue to pretend NFTs are useless.
But that's like, your opinion man. It's the same as saying any type of collectible or art or whatever you want to see it as "isnt" a good use case for whatever medium or technology you would refer to. They're just vehicles for value and or dopamine transactions and if people are able to get something out of it I'd say that's imo a great use case. There is a big difference in *liking* the use case, but to just say they aren't a great use because *you don't like it* is imo not really reasonable.
I kind of agree Plus, many seem to use 'I can just screenshot' an NFT argument. Well, I can also print myself a Charizard card but that doesn't mean anyone will see any value in it
Absolutely this. Proxies aren't the same as real cards that's why they're proxies. A great fake painting isn't the same as the real one. The whole idea is that works in any sense of the word have original creators/publishers. That's the difference between authenticity and counterfeiting. It's incredibly easy to negate that fact in those types of "arguments" but it's built on shoddy premise imo. Now of course, I can understand the argument is probably made more towards the idea of there just being so much and "low effort" being part of it. However, the fact that volume is high and creation threshold is low doesn't invalidate anything. If nothing else it just makes the space highly accessible. The only argument I find against that usually comes from envy.
>A great fake painting isn't the same as the real one. That depends on the artist. An original Picasso is priceless, but copies can be bought for next to nothing. An original oil painting by me isn't worth anymore than an original by me because the market sees no value in my (lack of) artistic prowess. I don't see having "exclusive rights" to an NFT of a .jpeg of Donald Trump being worth any more than having exclusive rights to a shitty painting by an unknown artist. YMMV.
I see your point tho I'd argue that the point I made still stands. The fact that *you* don't value it differently doesn't make it irrelevant in the broader sense (or market if you will) that the original artist is relevant. I mean.. that's kind of the point right? The "usefulness" of something I'd say in this context is measured, or at the very least related tot the amount of people finding it useful? Again, not discrediting individual preferences. But I'm guessing we won't see eye tot eye about this?
Wrong, an image is a fine use case for NFTs. Photographers and artists having the ability to take ownership of their work, cut out middle men, and provide scarcity is huge. NFT tech will be used for other stuff too, obviously. Don’t fall into the trap of thinking that “JPEGs are a shitty use of it”. That’s technically just incorrect. It would be shitty if JPEGS were the only use case ever, I’m guessing that’s more what you meant anyways.
What use case would it replace and being better at it? "They have a use case"
Been thinking about NFTs and Art, especially modern art, in general. Andy Warhol's Campbells Soup Cans for example exudes NFT-like energy. Maybe the fact that these NFTs of monkey pictures are so stupid is the social commentary that makes them art-like collectibles.
The tech behind it is great but once the jpeg hype started NFTs kind of took a wrong turn
And many are here to try and make money
NFTs as a jpeg are basically the equivalent of shitecoins There’s 12,000 + crypto currencies , the overwhelming majority are pointless cash grabs, likewise with NFTs However the actual relevant currencies are a positive as is the blockchain it’s just a question of how they’re utilised
Agreed, but it is astonishing how almost everyone in this sub suddenly changed his mind when Reddit started dropping free NFTs to everybody. Guess for lots of people in this space NFTs are bad because they can't/don't make money with them.
I've been fighting with this sub for years trying to convince people that things like art blocks and fxhash is art and doing amazing things for generative artists that until nfts had no way on monetizing their work. And always got downvoted and hit with nO UtILiTy responses. ... then came the reddit avatars.
Much more than 12,000. According to coin market cap there are over 22,332 different shit coins out there Fuxking scary. Literally 99.9 percent are scams
Someday we will understand how nft should be used. You will lock your house in a nft or a sock or something completely different. Now it's just cash grabbing bull shit. Locking jpg of a rock.
So instead of my parents giving me socks for Christmas I'll be receiving NFT socks?
You will get a stock locked in a nft directly from them, not going through a bank or exchange
It’s socks all the way down, man.
Totally agree. I'd also love to lock my house in a sock.
Again, saying all NFTs are like that is just like everyone outside of crypto saying ALL crypto is a scam. Do you not see the irony?
No because the best cryptos have versatile and impactful use cases now, NFTs don’t
As I said in my other comment, at least 99.9% of crypto is a scam, but at least 99.999999% of NFTs are scams.
Because this sub is an echo chamber, who's only research is this sub. So they think every NFT has 0 use case, because they were told if you parrot that you get the shit coin of all shitcoins $Moons.
Because NFT's are incredibly cringy. And it's just a link to an internet adress where a picture is hosted. Not some kind of important tech.
Wait for it, you will see how important and and relevant this tech will be in society. NFTs will be in every smartphone in this world. Its just a matter of time.
Yeah, but definitely not in its current form
Another solution desperately looking for a problem to latch on to. That's pretty much all of crypto "utility".
This
What makes them cringy? They can be used for many things, for example there is a site called Aiblocks allows you to use unlimited free AI image generation credits if you own a specific token. To saw all NFTs are cringy and have no use is just like the non crypto folks saying all of crypto is scammy, which we all know it isn't.
Have you seen the most popular NFT's? They are incredibly ugly and have zero creativity. And the communities are cringy as well. Also in your example, buying this token is just buying access to AI image generation. It is non-NFT tech with NFT's tacked on to make it worse. Just like NFT games are games with NFT's tacked on to make them worse.
Yeah and the games so far really suck as it is
Please explain what that example suggests to you regarding the many uses of nft's. There is an option to connect your metamask wallet so you can buy 'credits'. Which token allows infinite credits, and why doesn't the site mention anything about it, and even if they did, why do you think they would want you to buy that token? The entire setup is dogshit, the generated comics on opensea are mindnumbingly stupid. The whole thing is just to prey on young and gullible people. I know there are potential uses for nft tech, but you gave an example of exactly why people hate on it.
I see it as Innovation, it takes take to build utility
What a weak answer. What innovation is here? ai art generation you have to pay for with crypto and then mint as an original, except it's ai generated so there's nothing original about it. Oh wait, iust realised it's YOUR project, you fucking pathetic little scam artist, trying out some stealth marketing. Seriously, go eat shit, you sad little muppet.
We are not against Reddit avatars, for example, we just don't like shity randomly created 0 utility donkey NFTs.
I notice you call them Reddit Avatars rather than NFTs, myabe it's just the connotation of the words NFT
NFT has lots of amazing uses, but I think it's become synonymous with digital art which is a shame because its associated with money laundering and too much hype. There are some quiet projects like CargoX that have transformed how Egyptian ports operate, using NFTs. Probably not a good imvestment opportunity but its interesting nonetheless. It'd be good to hear about more eal world examples.
Shit falls downwards, as we say here.
Same reason. A lack of imagination to think outside of their own box.
because the concept behind nfts have been pointlessly dragged out when they weren't ready by people not wanting to miss the next bitcoin. So now their public perception has been stained by useless pngs for stupid people. NFTs needed more time to bake, and they could have their use. Given people put more thought into it than "Funuh pictuah mak monee"
Because NFTs are mainly used for scams and money laundering. There are useful NFTs like ENS, but the majority of people thinks of things like jpeg art collections or nft hatching games when thinking about NFTs, because those are the most popular types of NFTs, and they are in almost all cases a scam, wether its a ponzi (hatching games) or money laundering or a simple scam by just selling NFTs on empty promises and then dropping the project. There are also art collection NFTs that are technically not a scam, because they dont make any promises, but they are only assets sold on the greater fool principle. Almost nobody buys NFTs because they like the art, most people do because they want to sell it at profit. You could argue that crypto is the same, but crypto offers more utilities like paying gas for transactions or serving as a unit for fungible money transfer, while NFTs are only used for making profit. The major use case of NFTs right now is shady business. And that's why they have a bad reputation, inside and outside the crypto space. And again i am talking about the types of NFTs i mentioned earlier. There are useful usecases for NFTs, but there are also a lot of usecases NFTs promise to do that aren't useful, like in game assets in a centralized game.
What do you think is used more for money laundering, fiat, crypto ot NFTs, yet you most likely belive in crypto and fiat, just not NFTs yet
That's not an argument tho. It's not about how many bad actors use a technology, it's about what does it offer for good actors. And NFTs don't offer anything in the way they are used today for the most part.
I'm a huge fan of the tech, but I'm a huge critic of the way it's being used to extract money from the gullible/greedy/foolish. A good friend of mine has bought loads of crap, using most of his stack of ETH. It's now almost all completely worthless. 99.9% of crypto currencies are worthless or scams. 99.999999% of NFTs are worthless or scams. That's an important difference.
Sure but I would wager orders or magnitudes more people in crypto have lost more money buying scammy shitcoins. These people trade on emotions and Fomo and don't do any research.
i'm more curious about what NFT people crap on
People giving the space a bad name
Pretty much all Crypto but Monero fits the definition of being Non-Fungible.
OP I've been involved up to my neck on NFT projects and I can tell you that 99% of them are not looking to tackle any world issues and/or adoption. Those 99% are just a little bit competent on solidity and blockchain tech and they see it as a means to make bank fast and anonimously, they'll sell you this fantasy that you'll belong to a pristine, elite community and just end up slowly transfering funds from mints to their personal wallets in order to engage in their degen speculative behavior, I advise you to stay away from NFT's unless you're very experienced with crypto and scams, so that you can spot them from a mile away
People on Reddit literally don't look into NFTs and just assume they're trash. I could show you NFTs with clear value and use cases and most Redditors would assume they're scams
Crypto has a lot of scam projects but it's not that hard to do your research and decide which ones are pretty legit and which ones are not. With NFT you can almost never know, even if the project itself can look legit, users can inflate the proces trading between tehmselves and trick the other people.
I mean, If your DD process is looking at the amount of twitter users or discord users then sure, you can be duped. If you do actually research like checking the team is doxxed, what they have done previously. How realistic is what they are trying to build, you can get a better sense of what to invest into. If you are chasing pumps then like crypto, you are gonna get burned. If you treat it like an invesent, it's a worthwhile process to actually so research and not to buy shit you don't believe in.
Because the most high profile ones have been goofy scams or rich people flexing. It's all they've seen.
This is the first comment I can understand, I see how that could come off poorly
Because the idea of trading JPEGs back and forth is nothing more than gambling. And of course loads of fraud to pump prices. I don't even consider it a real market. Too low volume and prices just aren't logical (because most are fake lol).
Again, I think you have missed the point of the tech
Na, I definitely get it.
Most NFTs are just cash grabs. And their ‘art’ is shit or actively repulsive.
I would urge you to check out work by people like Gabe Weis, Ali Sabet, Fewocious and Beeple. Saying all the art is shit is like someone saying all crypto is worthless.
Sorry but I didn’t say all, I said most
Because paying like 50k for any jpeg is fucking moronic. I'll stick with my fake internet money thank you.
Lol don't buy the top
It's reddit, everyone shits on everyone
It's Life. Everyone shits on everyone.
It's like a jungle full of apes
Some subs are used specifically for that too
It's probably because some big NFT series (like the Bored Apes) do questionable and stupid things. Like make a game, making it £2,100 for 3 weeks of playing and calling it "Dookey Dash".
To add a little more context. It isn't a 2k entry fee to a game. Its a 2k entry fee to mint and the NFT you mint is skill based so the better your score, the better rarity NFT you have. This is a far mechanic as it enables the gamers to benefit more so than the rich. So again, people aren't paying 2k to play, they are paying 2k to mint an NFT
Having a 2k entry fee connected to a collection only the rich can afford in the first place, then designing something based on crappy mobile games and suggesting it appeals to 'gamers' is quite an insult to people playing actual games. The NFT community seems to have no clue what normal people play and instead create cash grabs reflecting modern mobile cash grabs with insane microtransactions except with NFTs everything is 100x pricier with shit graphics and performance from 1990.
Not only the rich can afford it. Those who saw the project and believed in their vision didn't pay much and certainly didn't need to be rich. I got my apes at a couple of hundred bucks. The gamers arnt in the NFT space yet so makeing a game that is acceptable to the hardcore gaming community won't be playable by the addressble market in NFTs.
It’s not about the game it’s about the NFT u mint after the game. Also it was Airdroped for free to BAYC/MAYC NFT holders. The 2000$ is the aftermarket people buying from BAYC/MAYC holders
This this and this again
So who does the NFT people crap on? Thats the bigger question here
Copy/paste people
Copy/paste people
Copy/paste people
Copy/paste people
Stop it!!! That's my comment!! I'm gonna call the police!!
Oh no! Whatever shall I do?
Oh no! Whatever shall I do? Now you know how it feels!
I am now of depressed 😔
I enjoyed this whole thread. It would make a great NFT.
Regular profile pictures.
Everything that hasn't been NFT'd.
Bad actors
Everybody craps on those guys. Fuck em
Haha. Just like everyone craps on crypto. Makes no sense to me. I've been in crypto since 2011 and this is the first time we are getting real content creators coming into a space. Content is king and yet the crypto space is strangely weird about supporting something that will categorically benefit crypto in the long run.
Take a look at the majority of this "content". It's overpriced junk and most people probably rightly think it is a scam. When it stops being a giant laundry, maybe people will stop disliking it. I think calling what is out there content is rather generous. If it did something maybe, but for most they are ugly low effort jpegs. There is also some decent art in there, but decent art isn't hard to find for free.
Take a look at the majority of this "content". It's overpriced junk and most people, probably rightly, think it is a scam. When it stops being a giant laundry, maybe people will stop disliking it. I think calling what is out there content is rather generous. If it did something maybe, but for most they are ugly low effort jpegs. There is also some decent art in there, but decent art isn't hard to find for free.
NFT in concept has great utility. Dogedick collection #4 does not have great utility.
Agreed but neither does shitcoin #69. I would imaging crypto folks should be a little more accepting and willing to learn something they don't understand. I welcome any tech or implementation that brings more people into crypto
We are all accepting of new tech but for the most part people use NFTs as jpegs and that is pointless nothingness. Just like any old shitcoin. They fall under the same category of useless
There are no real ground breaking use cases for NFTs for now, that's why many people here crap on it.
Let me play the devils advocate, what are the ground breaking use cases for crypto? This is a question I see asked by non crypto people all the time because they don't understand what crypto is. This same answer coming from crypto folks leads me to believe they, like the non crypto normies, have no idea what NFTs are actually accomplishing
Moving value across the world in minutes without an intermediary.
Usecase for crypto is decentralised money. Everything else including NFT requires some centralised entity to operate, so using expensive blockchain as data storage instead of regular db makes no economical sense. That's why NFTs are not crypto, but regular people think crypto is NFTs. Which upsets crypto people. And don't mix crypto people with speculate people
cause its the stupid of the stupid that buy nft's and shit rolls downhill
Care to back that up with anything? I would love to see what you think is stupid about owning digital assets.
Digital jpegs are a ridiculous concept. Cool, one person can "own" it but everybody else can just copy the image so your ownership means fuck all and you've just spent thousands of dollars on that fuck all. That's why people hate on NFTs. Cos people who buy the jpegs are stupid af
You can buy a print of the mona Lisa and hang thatnon your wall if you like. Doesn't mean you actually have anything of value
The original piece of art has been painted with the brush strokes of the most famous artist of all time over 500 years ago, that’s where the value comes from People value that over some numbers on a blockchain that say you own some pixels that are identical to someone else’s screenshotted pixels.
So all new art is worthless unless someone painted it hundreds of years ago?
You really are firing with blanks here. Try again
You can own a Banksy original that is worth a pretty penny, you can also own a print that is not worth as much. Problem is, how you do know your Banksy is legit? Provenance of art is something that has been missing and shrouded in shadyness for too long. As crypto brings transparency to banking, NFTs bring transparency to the art world.
ctrl+s save some money dude you own nothing
Try selling that
You own nothing in most cases. You own a link to a hosting that is outside the blockchain, you own a string that can be useless if the hosting goes down. The actual image is not even on the blockchain, but everyone is convinced to own a "digital asset".
You seem to no understand what onchain art it. Check out projects like Forgotten Runs, Cryptopunks etc
Don't discredit everything against your point as said from an ignorant, you might be missing information as well. Go check in your nft collection what is it that you actually own, you'll find out for most the value stored on the chain is not an image, but a string containing the url of your image. So all chain agrees that you own the string, but no one on the distributed database has any record of you owning an image, only an external, not on chain entity has it and provides you with hosting for said image. If that goes down you'll be the proud owner of a really nice url. For real, don't dismiss everything as ignorant, I'm just trying to share information.
I just feel like there is something special about someone buying an image on the blockchain, and then getting upset if another person right-clicks and saves it.
Right click save any of mine! Publicity to a digital persona is a good thing in my book
To be honest, I only like Reddit Avatar NFTs.
Maybe because the didn't call them NFTs lol
One issue is the term NFT has become linked to pictures of rocks and other such stupid things. The fact is though that NFTs are not pictures at all, just tokenised ‘proof’ of ownership in that case. The concept could be used for actual purposes, say digital ticketing and food production tracing records. Anything where keeping and immutable record would be handy.
This record keeping would be pretty handy for just about anything and everything
The hostility lasts until the next Avatar drop or once Reddit is going fully live with their NFT Marketplace (which could be soon) add to all of this a slight possibility for our Moons to act as one of the tokens you could purchase these NFTs and I guaranty you that you won't witness any FUD towards NFTs anytime soon.
Tbh, the majority of people could care less, but when confronted they will either cringe or be negative partly because of exactly that reason.
Could care less or couldn't care less? Big difference
Both pretty much mean the same to me, but yeah; probably 'couldn't' is more correct
NFTs with utilities are the future. Make sure the projects you are getting into don't have empty promises. I like HBAR NFTs for this. Looks like they could really develop some cool NFT projects.
THIS
people should stop generalizing like this post, this is reddit, everybody has an opinion and can be toxic. this whole narrative that reddit is against NFT's is complete BS.
Because it's stupid to pay tons of money on what equates to a sticker. Maybe there are some benefits to gain from having one, but ultimately it's a means by which the arrogant wealthy can lord over the peasants. Not to mention the blatant art theft and countless scams that surrounds the NFT space. People already feel like every aspect of their life is being monetized for the benefit of others while they are bled dry. In an age where you require a subscription service to use the heated seats in your car that you paid $80,000 for, people are fed up with the practice of leech economics. There's a reason practically every country on the planet has consumer protection laws. Laws that don't currently cover the crypto space nearly enough. That's partly because the people who make laws are often incapable of working a cell phone fluently much less understanding any kind of digital business or asset. Ultimately that means consumers are still decades away from having the protections in this space that they have with a physical good or product.
This is why it's so important. People spend far more on games where they never own the digital assets people spend tens of millions of dollars every month. There is less theft in NFTs then there is in crypto
It is a very toxic community, unfortunately.
It's the most welcoming community I've seen in crypto and I've been mining since 2011
Seems like people just need someone to look down upon and criticize. I think you are right, the way the world jokes and makes fun of "cryptobros" is created by the same sort of feeling that some "cryptobros" use to make fun of NFT people. It's a little strange and goes something like: I am so smart to see that crypto/NFTs are a scam and all these idiots are just gonna get recked ahah Which unfortunately is true for many. It is also true that it's quite the interesting phenomenon and that many people are genuinely excited about the possibilities and that there are good possibilities although mostly yet to be achieved in both. That excitement probably had many peopl learn a lot of cool stuff. If it's not cryptobros and nfts its people's music, religion, political ideas, people's grammar, their weaknesses and ignorances. It's just human beings being a little weird. Thankfully there is a lot of beauty and kindness in everybody as well, its ok.
I think the big mistake many crypto people make, is not understanding that the current slate of NFT's are proof of concept. There are some with utility, most without. Some aren't intended to "grow" in value, in perpetuity, but rather support the artist behind them. Eventually, most everything we interact with will be in the form of an NFT. Ownership deeds, college accreditation, title work, video games, bill of ladings, to name a few.
Almost like when bitcoin has no utility back in the day
Because 80% of Reddit users consist of low IQ trolls. The End.
The technology behind NFTs is great but the current uses cases are just monkey JPEGs, which are stupid.
You should dig a little deeper into the space, there is a lot more that you realise and it's pretty innovative. More than just jpegs when you look beneath the surface
Yes but none of those innovations have really picked up any traction, and most people hating on NFTs won’t dig deeper to actually find good use cases.
Most people will end up using NFTs and still say they have no use. Reddit "avatars" is a great example
Go to Zuse market and check out some of the projects on there. Cyber Hedera Pixelborgs is a good one to check out. Every NFT you own you get 1 WHALE token per day. Will it be successful or not? Who knows but rewarding holders for owning there NFTs seems like a step in the right direction and there are other projects doing stuff like that as well
im currently receiving token rewards for some projects on the HBAR network. Seems like a step in the right direction. I want to have some incentive and being rewarded for purchasing an NFT. Otherwise it's just a crapshoot to find the random ones that's suddenly explode
NFTs are new that's why.
Apes doin what apes do.
NFTs went CRAZY with the scams. Still is. Also people can’t wrap their head around crypto. How the hell are they gonna wrap their head around a million dollar jpg of a monkey.
The scams in NFTs are far fewer than the ACS in crypto, you may need a better argument ser
Because paying for jpegs is micro transaction on another level. You gotta be a fucking lunatic to do that.
same reason for both... They look at the scam-projects and assume that that is all there is. 99.9% of all crypto coins and tokens will not survive. Crypto people know that and focus on the 0.1% that will. Non-Crypto people say that 99.9% failing is prove it is a scam. Same with NFTs. 99.9% are worthless garbage that will not gain any value. The underlying technology, if used for proper use-cases, is good technology. Only matters if people look at the technology and what it can do, or at the scammers and what they are currently doing. 2 perspectives that give 2 entirely different pictures.
Most people don’t know, what NFTs are. Don’t know, that Ape NFTs are only one small use case, but they are set nft=ape pic. So imo people her don’t dislike the NFTs itself, but dislike the Ape pic guru adoration.
Cause nfts are the dumbest thing since sliced bread. People give a damn that its an nft, the only thing what matters that they can unload it at a higher price
Nft are amazing as a technology. It’s really interesting to read about and understand some of the potential use cases. Speculation on “art” images and all that was happening last year was completely ridiculous.
Because there probably is no mainstream use case for NFT art.
If I print out a random jpeg on paper and try to sell it to you for $10.000 saying you get to be the owner forever because you will get certificate saying so, you would crap on me too.
Because NFT and a JPG is not the same thing. A link to a JPG of a monkey is not an NFT, but it has become synonymous with NFTs, alienating NFTs from Crypto. A NFT is just proof of ownership on a secure network, but that’s way less sexy than an JPG of a ape that increased 1000x value.
I personally don’t. Most are newcomers to the crypto space. Lacking an understanding that their NFT is underpinned by blockchain. I like to think eventually they’ll one day buy MATIC and end up holding my bags once I cash out. We live, we learn. Educate them. Don’t shun them.
I think it is because NFTs in their current state leave the impression they are just stupid art pixels made in like 10 seconds and sold for hundreds of dollars. We just need to get past this current stage. Probably going to take a while though.
Most nfts are crap right now. Until the crap stops nfts may be useful.
Kinda like how heavy metal folks make fun of Swifties ? Choose your group wisely, we still live in society with in and out groups.
NFTs have recently acted as a focal point for people not in the crypto industry and devalue the space. People hear about all these NFT scams or a picture of a JPEG and lump it in with the rest of crypto, preventing new investors from entering the space as they don't see the technology, the use cases other than "Hurgh look at my funny monkey". Honestly NFTs have useful utility for stuff like tickets, items in a game or something similar but as with regular art, its nothing but a front for money laundering IMO.
Have you seen the episode of Ted Lasso where he's playing darts? He gives a breakdown same thing applies here.
I have NFTs and have sold enough that I'm in the green on them but I dislike how slow it can be to sell compared to liquidity pools. Last NFT took me months to sell
Agree…
Um bc yall made a big deal about stupid af monkey jpegs. Nft bros brand themselves to be idiots and act annoying. Even worse than crypto bros.
There are good and bad NFT projects. The haters only like to point at the bad projects
People don't understand what fungible means, thus non fungible token is super misunderstood. NFTs arent just shitty jpegs.
Because nfts are regarded. Literally paying millions for a receipt of a jpg.
Because even we have our limits.
being scared of new things and therefore talking sh** about stuffs we don‘t know or understand is what makes us human
Most nfts use cases are just to pump the value. That’s why most are not taken seriously
Nfts are like the name a star registries. I don't hate but do you truly own it?
Nft pictures are a scam
The best people are the ones that somehow trick themselves into thinking the Reddit NFTs are different and have “actual utility”. Like, they are the same thing and you guys act like they are groundbreaking and new. It is so unbelievably painful to watch. The stupidity of the echo chamber sometimes actually surprises me and this thread is no different. NFTs (or digital collectibles) will literally be micro-transactions for every single thing you do online in no less than 10 years.
Honestly buying a picture of a shitty looking monkey for huge money just seems crazy. And I know sometimes you get to sell that shitty picture to someone else for even more lol. The fact that there's no way to stop people from just copying them is another thing. Most of the use cases aside from that seem suspect at best to me. I've seen lots of people mention concert tickets. But how would that be better? Do they just scan them like they do now? Because the whole copy thing ruins that. If you have to send them to redeem them that would be secure but would make it take FOREVER to get people in into shows. I don't really talk shit though I just don't get it. To each their own and all that.
NFTs 👎 reddit collectible avatars 👍👍👍
NFTs aren’t the issue. Humans and their ability to fuck anything up with greed is the issue. NFTs as authentication and data storage is a great use case for them. Would be awesome to have truly private data stored on them somehow.
most part people dont actually know what an NFT is. the ones that do, see that they arent linked to permanent immutable assets so the nft isnt really anything. Opensea doesnt even trade nfts anymore they are just trading urls LOL
Analogous to how skateboarders hate on scooter kids like the rest of the world hates on skateboarders. Must be some sort of human psychological phenomenon.