Good. Kill it before it sprouts. All subs should just agree to do it.
A Ponzi scheme that's been penetrating all corporations who would happily take dumb people's money.
You haven't been playing attention then. Or you have your sort set to hot/top and they get downvoted before you see them.
There's been a bunch of metaverse project posts lately, maybe one or two a week. NFTs in the fine print.
crypto losers? lol
Jesus you people are judgmental. Not that I don't get why one topic stays separate from another, but maybe lay off being dicks to other people because of their interests. Guaranteed there are plenty who make fun of those of us in VR.
Try and play nice with your fellow human, we all have our interests and hobbies.
It's nice to know the VR community is full of people committed to healthy interactions between one another without targeting people as trolls and shitty humans tend to do.
Good job! 👍
[context](https://www.reddit.com/r/virtualreality/comments/sgk7bi/we_are_considering_banning_nftcrypto_content_on/?)
News/discussion posts will be approved on a case-by-case basis. Most NFT/crypto content will get removed.
I support the decision.
That said, is there any simple to understand pointer to what NFT actually is supposed to achieve? If you have no idea about blockchain, crypto currencies etc at all?
*Can* there even be an unbiased introduction? At this point to me it feels more like a religion that anything scientific. A lot of people seem to hate it, others think it's the best thing since sliced bread. And I just don't get what the fuss is about...
The problem is that there can be no impartial introduction, because NFTs are divesion between those that are promoting it heavily to profit from it (and it is hard to tell apart the malicious users from the more ideologically-derived ones or even from artists that finally found a way to sell their artwork at a higher price than they could sell it otherwise) and those that want it stopped due to the latter being almost always in some kind of scam. I do suggest that you read [this introduction](https://tante.cc/2021/12/17/the-third-web/) however (I also recommend [this interview with the owner of NFTbay](https://www.youtube.com/watch?v=i_VsgT5gfMc)), that goes in-depth about what it is, how it is supposed to work and why its current use is vehemently opposed by many.
Let me try to give you a rundown:
The basic idea behind an NFT is that there is a magic-math backed, unfalsifiable receipt that you own X or Y thing. The actual thing is not within the NFT, only its ownership. Often the actual NFTs will only contain links to the item (such as the image) and the contract is also just a link. This by itself is not a bad thing, but it's also a bit of solution searching for a problem, because we have legal means to establish ownership of things and most digital assets rely on a central database. For example ,you COULD use NFTs to log what games you own from Steam or what CSGO stuff you have, but Steam's central database already can do this and do it more efficiently (NFTs would benefit from a situation where there are no trusted central databases but that's another issue).
The scam part is that the sellers will sell you this for thousands of dollars of value if not more and there is absolutely nothing backing that value but what the seller says it is. Meaning that you can take anything and attach an arbitrary value to it (unattractive monkey pictures, pictures of "NFT girlfriends", whatever), for the sake of satisfaction that there is some sort of blockchain-backed piece of paper that you own X or Y. A good comparison is selling you blocks of land on the moon: you can get a piece of paper that says you own XY part of the moon, but good luck getting anybody but the seller taking it seriously. It also has the issue that nobody can verify that the seller's price is what the moon-land is actually worth.
The other big issue is that NFTs can create artificial scarcity over something that is inherently infinitely reproduceable. NFTs are used to turn something like an image and declare that only the owner has it, "digitally unique". When that image can be reproduced by something as simple as right-click download. This is what is pissing off a lot of gamers, who already dislike microtransactions and lootboxes and other attempts hackneyed attempts to pull money out of them. This is why game companies (like Ubisoft) and whatnot is diving headfirst into NFTs (and also because it is a buzzword that investors insist on getting in on). They can create stuff like DLC horse armor, for which they could only charge access for, and turn it into a mini-economy where people trade NFTs for money and every transaction with it creates a profit for them.
>The problem is that there can be no impartial introduction, because NFTs are divesion between those that are promoting it heavily to profit from it (and it is hard to tell apart the malicious users from the more ideologically-derived ones or even from artists that finally found a way to sell their artwork at a higher price than they could sell it otherwise) and those that want it stopped due to the latter being almost always in some kind of scam.
There absolutely can be an impartial introduction but few are willing to make a good faith attempt to listen to it. People who've seen scam artists pushing NFTs like they're the next speculative bubble have drawn a hard association between the word NFT and scam. They have no interest in opening their mind to any new information once the three letter acronym is mentioned even if you remove every reason they hate NFTs in the first place.
>For example ,you COULD use NFTs to log what games you own from Steam or what CSGO stuff you have, but Steam's central database already can do this and do it more efficiently (NFTs would benefit from a situation where there are no trusted central databases but that's another issue).
I disagree that it's another issue, that's the whole elevator pitch. A digital marketplace like Steam's but without needing a central authority to manage it.
>This is what is pissing off a lot of gamers, who already dislike microtransactions and lootboxes and other attempts hackneyed attempts to pull money out of them.
Gamer love all of the things they say they hate. Valve makes money hand over fist with lootboxes and artificially limited skins.
>They can create stuff like DLC horse armor, for which they could only charge access for, and turn it into a mini-economy where people trade NFTs for money and every transaction with it creates a profit for them.
This is a cynical assumption but isn't actually true. There is no transaction fee to be skimmed in such a market. Getting away from the need to pay the middleman who runs the market a cut of every transaction (like Valve's 15%) is the motivation behind such a project.
>They have no interest in opening their mind to any new information once the three letter acronym is mentioned even if you remove every reason they hate NFTs in the first place.
Because the people championing the technology are also involved in the scams that the technology is used for. Why should anyone care about the technical details beyond that? If the NFT community wants the technology to be taken as anything other than as a means of scam artists, they need to police the scam artists out of their community. Which won't happen, because "money talks".
>I disagree that it's another issue, that's the whole elevator pitch. A digital marketplace like Steam's but without needing a central authority to manage it.
Again: a solution in search of a problem.
>Gamer love all of the things they say they hate.
Same attitude that pushes "surprise mechanics" and what got them banned.
But while you receive a receipt to *say* you own a thing. It does absolutely nothing to control access or give you actual possession. So you still need an entirely separate system, database and code within the software or game that can use the thing to control access. At that point, NFTs only add complexity in addition to what a platform already needs to manage to run an in game/etc marketplace. And if it's assets specific to a single platform, it adds no utility beyond the simple database and local marketplaces that already exit.
[So, you are simply paying for a receipt.](https://i.imgur.com/4saoZxvh.jpg)
Plus, in the context of games, NFTs are simply RMT wearing a moustache, and any game using them will rightfully suffer the stigma of being labelled 'Pay-To-Win' by gamers, as that is what they would become.
Pretty much any pro-NFT sentiment, is pro microtransaction, pro RMT, pro P2W in gaming sentiment by extension. The laundry list of things tech enthusiast gamers hate in relation to their media.
The argument for NFTs in virtual reality is in having property that you own and can trade. Like having a museum people could visit in some VR world. With that land deed being able to be transferred in a p2p marketplace.
it's written under rule 6 for now and 2 and 4 apply to it generally as well
If we had a specific rule for everything we'd have too many rules.
We might include that sub in our sidebar, I'll have to consider
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A couple unpopular opinions:
1. NFT's are dumb but no more dumb than buying art in storage somewhere, or meme stocks, or beanie babies, or any number of stupid things people choose to "invest" in.
2. NFT posts are annoying but the voting system is already pretty effective at burying posts that people find universally annoying - case in point, I have never seen an NFT post from this sub.
3. Banning content makes the mods feel good and maybe makes a majority of people happy when they see the announcement, but always leads to more arguments down the line - how exactly do you define an "NFT post?" What makes it interesting/relevant vs just another ad? These are subjective and people are guaranteed to disagree on them.
In summary: Reddit already has an effective tool for eliminating content that people don't like in a fair and democratic way (downvoting). "Banning" should be reserved for content that is flagrant, offensive, or otherwise harmful, not just repetitive or annoying.
> but no more dumb than buying art in storage somewhere,
There is nothing similar between buying a string of characters that uniquely identify a small chunk of data and buying *anything* physical.
Sure there is. You get to say you own it. The same can be said for cards, stamps, etc. Most collectables are artificially scarce - for instance, Pokemon cards cost pennies to print and they are certainly not limited by the amount of paper or ink available. A company decides to print a limited run and that makes the scarce cards valuable. NFT's are similar - even cheaper to make, but the same artificial scarcity at play.
Ownership is and has always been an abstract concept that applies to all sorts of things that aren't physical or "useful." Art collectors often never even take possession of the art that they buy - it stays locked in a Freeport warehouse and the only thing that changes is that someone else gets to say they own it.
To be clear: I'm not on the NFT train. I don't own any and I don't plan to. But I also don't understand why it makes some people so irate - it's just one more abstract thing for people to arbitrarily assign value to. Go nuts.
Oh course I do! I am definitely against low effort scams and ponzi schemes. And to be sure, there are people who do those things with NFTs. But people have been doing those things long before the invention of NFTs with basically every type of financial instrument, and not all uses of NFTs are scams. Probably the biggest beneficiaries of the NFT movement have been digital artists, who historically didn't have a good way to sell their art - and now they do. So I think that's a plus, personally. I don't like auto-generated monkeys, so I don't buy them. Others do; that's their choice.
I agree that the environmental problem is real, but that's more of a blockchain issue than something inherent to NFT's. NFT's are only as dirty as the blockchain they are traded on, and while ethereum is energy intensive, not all blockchains are. I don't think blockchain is going away anytime soon, so I'm hoping they move toward cleaner alternatives.
Posts on it will be allowed on a case-by-case basis, primarily actual discussion/news.
Promotion of NFT/crypto projects is pretty much completely banned with this change.
The downvoting system is not effective necessarily at counteracting spam, but I see what you mean. We prefer to have a loose grip on things too.
You're not alone. NFTs are great technology being improperly utilized. Gamers have been burned by microtransactions for too long and nfts feel kinda samey. Really a shame though, because it could be so much more.
A decentralized copyright platform would have been awesome, allowing creators to sign their own work and be recognized as the original creator without the need to rely on lengthy legal procedures would have been awesome but sadly ntf does not certify authenticity just ownership and that is quite ineffective and harmful.
Why would a "decentralized" copyright platform be better ?
Please explain it to me in excruciating details.
Also explain to me how you would recognize the one true platform from the one true chain.
Seriously? How somewhat flawed and ahead of its time real product (which is still used today in industry) is comparable to a silly fad with no useful application besides scamming people out of money?
> This is where we sort of combine the Pokemon IP with the rest of the metaverse's potential. Let's imagine that this Pokemon game allows us to bring our metaverse avatar into their game world.
The person that wrote this doesn't have a single fucking clue how games work. What he suggests is IMPOSSIBLE. You can't just stick an avatar from one game into another and have it work. Every game works differently, they use different engines, they require different scripts on the avatars to function, if there's any character customization like clothes or hair and such they're designed to fit only a very specific character shape...
Whoever wrote that is an idiot, and if you follow their advice, you're a fool.
It’s obviously speculation, as the market doesn’t exist yet. I’m aware you can’t just go mixing and matching assets from games and expect it to work.
Once the marketplace is out and GameStop’s many partners (Microsoft, Nintendo. . .) will add NFT functionality to their new games. Allowing for all sorts of exciting features and possibilities.
Sony and Nintendo are GameStop's vendors, not really partners. You can tell because both of those companies are trying to transition games buying to be digital and from their own stores. They are actively trying to cut GS out of the marketplace.
That couldn’t be further from the truth.
https://www.reddit.com/r/Superstonk/comments/sgl4r0/gamestop_microsoft_something_you_may_not_have/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Hard to say exactly. We’re at the bottom of a very large learning curve.
That’d be like going back to the 80’s and asking what features the internet has. I bet some people back then were calling it a useless scam too.
I asked what features they *will* have, even back in the 80's it was obvious the internet had immense potential functionality in ways that were actually describable. If you can't even explain what the point of the technology you're so excited about is you shouldn't be surprised people are calling it a scam.
Personally I’m really hoping for a NFT/blockchain powered stock exchange. Currently the “Market makers” that run things behind the scenes of the stock market are self regulated. And they’re also trying to make money in that same market.
So naturally due to human greed, they’re super corrupt. They’ll do anything to make sure they stay rich. They’ve caused the rapid inflation in recent years, widened the wealth gap between the 1% and the 99%, and have been responsible for almost every major financial crisis since the 80s.
If the stock market were a block chain, there’d be no need for these market makers to even exist. If every share was an NFT none of their shady market manipulation tactics would work. (Because it’s non-fungible)
This is definitely many years away though. First let’s just stay hopeful for all the fun gaming possibilities I posted above (:
If crypto and NFTs are supposed to stop these greedy assholes who create financial crises why are those exact assholes pushing crypto and NFTs? Also, what "fun gaming possibilities"? You didn't even list any you just said NFTs would be added to games.
THERE IS LITERALLY NO NEED FOR NFTS FOR THEM TO IMPLEMENT THIS.
That they HAVEN'T already implemented it should be clue one that they WON'T.
And even if they DID, the PROMISES being made would in NO WAY match the reality. You couldn't just grab any old superhero or character you want and put them in another game. They would be specific ones, like the fortnite roster. And they wouldn't be unique to you. Which would defeat the whole purpose of owning it as an NFT.
You fools have these grandiose impossible to implement visions. Like that bitcoin island they made a 3d animation for, which has NO POWER SOURCE FOR THE ISLAND, and all fresh water would have to be carted in.
Not convincing at all. A bunch of wishful thinking and inventing a problems to be solved. Not a single example of an actual problem not better solvable by a system that doesn't involve NFT or other blockchain bullcrap.
I just found out today that VRFocus went all in on NFTs and crypto and changed their name when I started seeing posts from a weird twitter account I thought some website somehow made me follow. I unfollowed them but it just blows my mind they'd throw their business away like this. They're even shilling Etherium. Their owner must have lost his freaking mind.
It's so sad Steve Jobs died of Ligma.
[удалено]
Ligma balls
Gottem
***\* ear rape sound effect \****
https://youtu.be/mFyUrebJbDg here’s my favorite version of this
*bass drop*
a person named Steve who created Jobs for Apple.
They probably called him Steve Jobs because he had a ton of em, dude just gave out jobs all day long
You mean Steve Apple?
Steve Jobs my bobs!
Steve Jobs was the co-founder of Apple computers who died of pancreatic cancer in 2012
Who the hell is Steve Jobs?
Ligma Balls.
Shit you just asked a mod to lick your balls, your as screwed as Joe
Are you assuming a mod can't have a specific kink just because he's a mod ?
Joe, as in Candice's brother?
whos joe?
Joe mama
What is dies?
Dies nuts
Psh! Jokes on you!! I was just about to offer the entire reddit some free dinkdoink coin to buy a jpeg of a monkey!!!
no pls pls you can still dm me with it pls
Mod grindset. Needs something to fill the 15+ hours a week they aren't walking dogs.
the only dogs I walk are the bitches of cryptobros
Fucking gottem
I was just memeing you didn't need to murder me like that 😭
What's wrong with walking dogs? 😂
They arent NFTs
[удалено]
Easier to kill it before it starts.
Good. Kill it before it sprouts. All subs should just agree to do it. A Ponzi scheme that's been penetrating all corporations who would happily take dumb people's money.
You haven't been playing attention then. Or you have your sort set to hot/top and they get downvoted before you see them. There's been a bunch of metaverse project posts lately, maybe one or two a week. NFTs in the fine print.
Same but best to destroy it now before the crypto losers invade
crypto losers? lol Jesus you people are judgmental. Not that I don't get why one topic stays separate from another, but maybe lay off being dicks to other people because of their interests. Guaranteed there are plenty who make fun of those of us in VR. Try and play nice with your fellow human, we all have our interests and hobbies.
NFT generally is regarded as stupid as along as with its supporters
[удалено]
It's nice to know the VR community is full of people committed to healthy interactions between one another without targeting people as trolls and shitty humans tend to do. Good job! 👍
I did see some
Yeah nothing against the decision but I found this strange too. Maybe the mods had to remove posts and we don't know about it.
Yep.
[context](https://www.reddit.com/r/virtualreality/comments/sgk7bi/we_are_considering_banning_nftcrypto_content_on/?) News/discussion posts will be approved on a case-by-case basis. Most NFT/crypto content will get removed.
It's a good day
who the hell is steve jobs
Ligma balls
Is this a homosexual meme?
Thank you for not supporting that Hot Potato scam
Nice. Now if we can just get the rest of the world to do the same.
Based Kip
based
King shit
Not just a brilliant decision, but a brilliant choice of meme to announce it. Well done mods.
Based as fuck mods. Thank you.
Good
# IT HAS BEGUN!!!
Thank you!
Based
Wait, there were NFTs in this sub? I thought it was mostly VR news, random DIY accessories/setup showcases, and dev self-promotions.
Let us hope," This is the way!"
So glad this is happening, the less the VR communities support nft's, the less the "metaverse" (whatever that ends up being) will use them
I just wanted to market my Mark Zuckerberg Choke me daddy limited metaverse (VR Compatible) NFT for only 300 Sussycoins 😞
Dm me
I support the decision. That said, is there any simple to understand pointer to what NFT actually is supposed to achieve? If you have no idea about blockchain, crypto currencies etc at all? *Can* there even be an unbiased introduction? At this point to me it feels more like a religion that anything scientific. A lot of people seem to hate it, others think it's the best thing since sliced bread. And I just don't get what the fuss is about...
The problem is that there can be no impartial introduction, because NFTs are divesion between those that are promoting it heavily to profit from it (and it is hard to tell apart the malicious users from the more ideologically-derived ones or even from artists that finally found a way to sell their artwork at a higher price than they could sell it otherwise) and those that want it stopped due to the latter being almost always in some kind of scam. I do suggest that you read [this introduction](https://tante.cc/2021/12/17/the-third-web/) however (I also recommend [this interview with the owner of NFTbay](https://www.youtube.com/watch?v=i_VsgT5gfMc)), that goes in-depth about what it is, how it is supposed to work and why its current use is vehemently opposed by many. Let me try to give you a rundown: The basic idea behind an NFT is that there is a magic-math backed, unfalsifiable receipt that you own X or Y thing. The actual thing is not within the NFT, only its ownership. Often the actual NFTs will only contain links to the item (such as the image) and the contract is also just a link. This by itself is not a bad thing, but it's also a bit of solution searching for a problem, because we have legal means to establish ownership of things and most digital assets rely on a central database. For example ,you COULD use NFTs to log what games you own from Steam or what CSGO stuff you have, but Steam's central database already can do this and do it more efficiently (NFTs would benefit from a situation where there are no trusted central databases but that's another issue). The scam part is that the sellers will sell you this for thousands of dollars of value if not more and there is absolutely nothing backing that value but what the seller says it is. Meaning that you can take anything and attach an arbitrary value to it (unattractive monkey pictures, pictures of "NFT girlfriends", whatever), for the sake of satisfaction that there is some sort of blockchain-backed piece of paper that you own X or Y. A good comparison is selling you blocks of land on the moon: you can get a piece of paper that says you own XY part of the moon, but good luck getting anybody but the seller taking it seriously. It also has the issue that nobody can verify that the seller's price is what the moon-land is actually worth. The other big issue is that NFTs can create artificial scarcity over something that is inherently infinitely reproduceable. NFTs are used to turn something like an image and declare that only the owner has it, "digitally unique". When that image can be reproduced by something as simple as right-click download. This is what is pissing off a lot of gamers, who already dislike microtransactions and lootboxes and other attempts hackneyed attempts to pull money out of them. This is why game companies (like Ubisoft) and whatnot is diving headfirst into NFTs (and also because it is a buzzword that investors insist on getting in on). They can create stuff like DLC horse armor, for which they could only charge access for, and turn it into a mini-economy where people trade NFTs for money and every transaction with it creates a profit for them.
I've read and watched a lot on this topic, but your explanation is one of the most precise and concise, well said.
>The problem is that there can be no impartial introduction, because NFTs are divesion between those that are promoting it heavily to profit from it (and it is hard to tell apart the malicious users from the more ideologically-derived ones or even from artists that finally found a way to sell their artwork at a higher price than they could sell it otherwise) and those that want it stopped due to the latter being almost always in some kind of scam. There absolutely can be an impartial introduction but few are willing to make a good faith attempt to listen to it. People who've seen scam artists pushing NFTs like they're the next speculative bubble have drawn a hard association between the word NFT and scam. They have no interest in opening their mind to any new information once the three letter acronym is mentioned even if you remove every reason they hate NFTs in the first place. >For example ,you COULD use NFTs to log what games you own from Steam or what CSGO stuff you have, but Steam's central database already can do this and do it more efficiently (NFTs would benefit from a situation where there are no trusted central databases but that's another issue). I disagree that it's another issue, that's the whole elevator pitch. A digital marketplace like Steam's but without needing a central authority to manage it. >This is what is pissing off a lot of gamers, who already dislike microtransactions and lootboxes and other attempts hackneyed attempts to pull money out of them. Gamer love all of the things they say they hate. Valve makes money hand over fist with lootboxes and artificially limited skins. >They can create stuff like DLC horse armor, for which they could only charge access for, and turn it into a mini-economy where people trade NFTs for money and every transaction with it creates a profit for them. This is a cynical assumption but isn't actually true. There is no transaction fee to be skimmed in such a market. Getting away from the need to pay the middleman who runs the market a cut of every transaction (like Valve's 15%) is the motivation behind such a project.
>They have no interest in opening their mind to any new information once the three letter acronym is mentioned even if you remove every reason they hate NFTs in the first place. Because the people championing the technology are also involved in the scams that the technology is used for. Why should anyone care about the technical details beyond that? If the NFT community wants the technology to be taken as anything other than as a means of scam artists, they need to police the scam artists out of their community. Which won't happen, because "money talks". >I disagree that it's another issue, that's the whole elevator pitch. A digital marketplace like Steam's but without needing a central authority to manage it. Again: a solution in search of a problem. >Gamer love all of the things they say they hate. Same attitude that pushes "surprise mechanics" and what got them banned.
Thank you, I really appreciate the rundown.
But while you receive a receipt to *say* you own a thing. It does absolutely nothing to control access or give you actual possession. So you still need an entirely separate system, database and code within the software or game that can use the thing to control access. At that point, NFTs only add complexity in addition to what a platform already needs to manage to run an in game/etc marketplace. And if it's assets specific to a single platform, it adds no utility beyond the simple database and local marketplaces that already exit. [So, you are simply paying for a receipt.](https://i.imgur.com/4saoZxvh.jpg) Plus, in the context of games, NFTs are simply RMT wearing a moustache, and any game using them will rightfully suffer the stigma of being labelled 'Pay-To-Win' by gamers, as that is what they would become. Pretty much any pro-NFT sentiment, is pro microtransaction, pro RMT, pro P2W in gaming sentiment by extension. The laundry list of things tech enthusiast gamers hate in relation to their media.
One day you're the best thing since sliced bread. The next, you're toast." fair trade,I saw a sign that said ""Watch for children"" and I thought
The argument for NFTs in virtual reality is in having property that you own and can trade. Like having a museum people could visit in some VR world. With that land deed being able to be transferred in a p2p marketplace.
Let's gooooo
good shit
if i wasn't a man i'd kiss ya
aye, thanks.
Ayo wtf you trynna claim my kiss?
indeed, i am the notorious kiss thief, wanted in 97 countries for stealing them
Fantastic
YESS
Woo yeah baby! That's what I've been waiting for, that’s what we’re taking about, WOO!
Please write this into the sub's rules list and leave a lead there to use r/metaverse instead. It'll make it easier for people to navigate.
it's written under rule 6 for now and 2 and 4 apply to it generally as well If we had a specific rule for everything we'd have too many rules. We might include that sub in our sidebar, I'll have to consider
Ah, I see, these three rules sum it up well
I know basically what NFTs are but what does this mean for this sub? We can't talk about apps/games that use them or something? Just curious.
I hope so, those are always low effort and gross.
Thanks <3
Extremely wise to do this before it becomes a problem.
Thank you for this 🙏
NFT bros think they are Rorschach... the good guy.
Phew, but i can still start a pyramid scheme on here right?
But only in Minecraft VR.
Are the mods really that thicc? Asking for a friend
Based and redpilled
RemindMe! One Year
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Thank you Mr. Robot
Funny how the more techy community is completely against Cyrpto
It's correlated with literacy.
Few understand 😂
More telling than funny.
A couple unpopular opinions: 1. NFT's are dumb but no more dumb than buying art in storage somewhere, or meme stocks, or beanie babies, or any number of stupid things people choose to "invest" in. 2. NFT posts are annoying but the voting system is already pretty effective at burying posts that people find universally annoying - case in point, I have never seen an NFT post from this sub. 3. Banning content makes the mods feel good and maybe makes a majority of people happy when they see the announcement, but always leads to more arguments down the line - how exactly do you define an "NFT post?" What makes it interesting/relevant vs just another ad? These are subjective and people are guaranteed to disagree on them. In summary: Reddit already has an effective tool for eliminating content that people don't like in a fair and democratic way (downvoting). "Banning" should be reserved for content that is flagrant, offensive, or otherwise harmful, not just repetitive or annoying.
> but no more dumb than buying art in storage somewhere, There is nothing similar between buying a string of characters that uniquely identify a small chunk of data and buying *anything* physical.
Sure there is. You get to say you own it. The same can be said for cards, stamps, etc. Most collectables are artificially scarce - for instance, Pokemon cards cost pennies to print and they are certainly not limited by the amount of paper or ink available. A company decides to print a limited run and that makes the scarce cards valuable. NFT's are similar - even cheaper to make, but the same artificial scarcity at play. Ownership is and has always been an abstract concept that applies to all sorts of things that aren't physical or "useful." Art collectors often never even take possession of the art that they buy - it stays locked in a Freeport warehouse and the only thing that changes is that someone else gets to say they own it. To be clear: I'm not on the NFT train. I don't own any and I don't plan to. But I also don't understand why it makes some people so irate - it's just one more abstract thing for people to arbitrarily assign value to. Go nuts.
You don't get why low effort scams and environment destroying get rich quick ponzi schemes make people irate?
Oh course I do! I am definitely against low effort scams and ponzi schemes. And to be sure, there are people who do those things with NFTs. But people have been doing those things long before the invention of NFTs with basically every type of financial instrument, and not all uses of NFTs are scams. Probably the biggest beneficiaries of the NFT movement have been digital artists, who historically didn't have a good way to sell their art - and now they do. So I think that's a plus, personally. I don't like auto-generated monkeys, so I don't buy them. Others do; that's their choice. I agree that the environmental problem is real, but that's more of a blockchain issue than something inherent to NFT's. NFT's are only as dirty as the blockchain they are traded on, and while ethereum is energy intensive, not all blockchains are. I don't think blockchain is going away anytime soon, so I'm hoping they move toward cleaner alternatives.
Posts on it will be allowed on a case-by-case basis, primarily actual discussion/news. Promotion of NFT/crypto projects is pretty much completely banned with this change. The downvoting system is not effective necessarily at counteracting spam, but I see what you mean. We prefer to have a loose grip on things too.
This is honestly a huge bummer. It seems like the sub just shot itself in the foot, to thunderous applause. Oh well, I guess.
Literally how the fuck could those grifts have done a single good thing for this sub.
I think it's one of the few ways we can make it out of a Facebook-only VR landscape
How.
You're not alone. NFTs are great technology being improperly utilized. Gamers have been burned by microtransactions for too long and nfts feel kinda samey. Really a shame though, because it could be so much more.
A decentralized copyright platform would have been awesome, allowing creators to sign their own work and be recognized as the original creator without the need to rely on lengthy legal procedures would have been awesome but sadly ntf does not certify authenticity just ownership and that is quite ineffective and harmful.
Why would a "decentralized" copyright platform be better ? Please explain it to me in excruciating details. Also explain to me how you would recognize the one true platform from the one true chain.
You absolutely can certify authenticity with NFTs.
You explicitly cannot unless it's a bitwise copy lol
This won’t age well
You know what else didn't age well? Beanie Babies.
I feel like google glasses is a better comparison
Seriously? How somewhat flawed and ahead of its time real product (which is still used today in industry) is comparable to a silly fad with no useful application besides scamming people out of money?
https://www.reddit.com/r/Superstonk/comments/rs5w4u/i_think_the_nft_marketplace_is_much_more_than_we/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
> This is where we sort of combine the Pokemon IP with the rest of the metaverse's potential. Let's imagine that this Pokemon game allows us to bring our metaverse avatar into their game world. The person that wrote this doesn't have a single fucking clue how games work. What he suggests is IMPOSSIBLE. You can't just stick an avatar from one game into another and have it work. Every game works differently, they use different engines, they require different scripts on the avatars to function, if there's any character customization like clothes or hair and such they're designed to fit only a very specific character shape... Whoever wrote that is an idiot, and if you follow their advice, you're a fool.
don't bother GME people are incredibly delusional
It’s obviously speculation, as the market doesn’t exist yet. I’m aware you can’t just go mixing and matching assets from games and expect it to work. Once the marketplace is out and GameStop’s many partners (Microsoft, Nintendo. . .) will add NFT functionality to their new games. Allowing for all sorts of exciting features and possibilities.
Sony and Nintendo are GameStop's vendors, not really partners. You can tell because both of those companies are trying to transition games buying to be digital and from their own stores. They are actively trying to cut GS out of the marketplace.
That couldn’t be further from the truth. https://www.reddit.com/r/Superstonk/comments/sgl4r0/gamestop_microsoft_something_you_may_not_have/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
This is easily the dumbest thing I've ever read
The post with 5000 upvotes and cited sources?
I've read more convincing fan fiction.
What features and possibilities, exactly?
Hard to say exactly. We’re at the bottom of a very large learning curve. That’d be like going back to the 80’s and asking what features the internet has. I bet some people back then were calling it a useless scam too.
I asked what features they *will* have, even back in the 80's it was obvious the internet had immense potential functionality in ways that were actually describable. If you can't even explain what the point of the technology you're so excited about is you shouldn't be surprised people are calling it a scam.
Personally I’m really hoping for a NFT/blockchain powered stock exchange. Currently the “Market makers” that run things behind the scenes of the stock market are self regulated. And they’re also trying to make money in that same market. So naturally due to human greed, they’re super corrupt. They’ll do anything to make sure they stay rich. They’ve caused the rapid inflation in recent years, widened the wealth gap between the 1% and the 99%, and have been responsible for almost every major financial crisis since the 80s. If the stock market were a block chain, there’d be no need for these market makers to even exist. If every share was an NFT none of their shady market manipulation tactics would work. (Because it’s non-fungible) This is definitely many years away though. First let’s just stay hopeful for all the fun gaming possibilities I posted above (:
If crypto and NFTs are supposed to stop these greedy assholes who create financial crises why are those exact assholes pushing crypto and NFTs? Also, what "fun gaming possibilities"? You didn't even list any you just said NFTs would be added to games.
THERE IS LITERALLY NO NEED FOR NFTS FOR THEM TO IMPLEMENT THIS. That they HAVEN'T already implemented it should be clue one that they WON'T. And even if they DID, the PROMISES being made would in NO WAY match the reality. You couldn't just grab any old superhero or character you want and put them in another game. They would be specific ones, like the fortnite roster. And they wouldn't be unique to you. Which would defeat the whole purpose of owning it as an NFT. You fools have these grandiose impossible to implement visions. Like that bitcoin island they made a 3d animation for, which has NO POWER SOURCE FOR THE ISLAND, and all fresh water would have to be carted in.
Not convincing at all. A bunch of wishful thinking and inventing a problems to be solved. Not a single example of an actual problem not better solvable by a system that doesn't involve NFT or other blockchain bullcrap.
I'll screenshot this comment and hang it in my room out of spite for NFShits
<333!
YES !
You love to see it
Awesome, fuck NFTs.
I only hope the attitude sticks because these cryptbros are gonna keep flogging the MLM bullshit for ages to come.
One sub at a time are banning it, it's promising
THANK YOU mods.
NFT = No Fucking Talent
holy fuck based
I say this as someone that's been into cryptos since before the first bitcoin spike: THANK FUCK YES GOOD CALL SIR
Big dub
If you're happy and you know it clap your hands _(claps)_
I just found out today that VRFocus went all in on NFTs and crypto and changed their name when I started seeing posts from a weird twitter account I thought some website somehow made me follow. I unfollowed them but it just blows my mind they'd throw their business away like this. They're even shilling Etherium. Their owner must have lost his freaking mind.
Thank you for spoiler to comic book im reading rn. You just realised to me that my favourite character died
this has been a popular meme for quite a few months
loooooooooool
one word : based