Thursday, June 1, 2023

NFTs are Pointless


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Wow. A topic you all saw coming. And it’s here. Congratulations. Good on you.

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32 comments

  • I don't if the concept of astroturfing demand in such a blatant way a product of shameless capitalism or backwards socialism. Maybe these people just don't get how Economics work?

  • Even KnowledgeHub is dunking on NFTs.
    This proves my point that NFTs have done one good thing: United everyone else on the internet against them.

  • Think of NFTs like 8K TVs and watch your own video on that. 40 years ago we had no internet, 20 years ago we had no smartphones. now think 20 years in the future and you will see that there is a need for NFTs. common what’s the name of your channel?

  • The fact is, NFTs, BTC, and ETH is the future of crypto and the question most people ask themselves is – if this is the right time to invest? I feel those who would allow the market dynamism to determine when to trade or not are either new in this space in general or probably just naive, the sphere has seen far worse times than this, enlightened traders continue to make good use of the dip, pump, new trends and even acquiring more equities towards trading sessions, I’d say that more emphasis should be put into trading since it is way profitable than holding. Trading went smooth for me as I was able to raise over 80 BTC ($307,516k) when I started at 10 BTC in just 5 weeks of implementing trades with signals and insights from my Expert Trader/Account Manager. I would advise you all to invest, trade your asset rather than hold for a future you aren’t sure about.

  • His editing got better and his artwork got worse

  • Whether you like it or not who ever reads this and complains about why are NFT's valuable, you can't do shit about it. Go work 🤣

  • Baseball cards are pointless but i bet you wouldn't mind if someone gave you a babe Ruth rookie card… You what else is pointless? You

  • The video refers to something that is mostly at the beginning of a very new "thing" : big hype, experiments, speculations but is not catching how in the long run this could benefit society.
    Technically, there are countless thinkable applications with actual value as to NFT : it could be an art photographer, who is currently taking his (digital) work (photograph) in printed form to the gallery, which then sells it (and takes at least 50% of the selling price) and gives the customer a guarantee that the photos have been printed in 'limited' editions – to create that needed scarcity – instead, NFT allows the photographer to sell his artworks directly in many countries without a middleman (gallery) and in a very flexible manner.
    This technology can be only welcomed.

  • "Y'know what's worth more than NFTs? Private informations 😈😈😈"

    – Scammers/phishers, probably 😂🤣

  • So, I was right? NFTs are a fiat economy?

  • N K

    drugs make people think this is worth something

  • I am… so confused… NFTs make no fucking sense.

  • Maybe NFT's are a fun way for lazy & forgeful backyard pharmacists to keep track of all their medicine sales. "Ok, let's see, this month I sold 144 kilos of Cryptopunks, 900 bags of Drunken Pandas, 432 grams of Lazy Lions, 54 cases of Holy cows! and a whole bottle of Bored Apes." Don't be surprised if you buy an expensive NFT and get a drone-dropped box of Aspirin. harharhar Thanks for the awesome video! 🤙 👍🔔

  • As somebody who works in finance this might be the biggest scam ever. Ever hear of the rich get richer? Yea because EVERY SINGLE famous person is just coming up with NFTs and selling them. It’s basically like buying any shirt of your favorite actor or celebrity and then hoping in the future somebody is going to value it at the same price. So STUPID. You bought a picture for an insane amount of money congratulations

  • Make sure to get those square space ads in buddy 🤣 Owning your own digital stuff is dumb, let's just let big corporations do it for us and pay us in ad 😋😛 haha NFT bad

  • NFTs aren't pointless, they're a useful tool to scam people who don't understand how they (don't really) work out of money.

  • I own a very special NFT thanks for this video I will sell it now for cheap

  • Image nft are pointless . Yes. Absolutely. They doing it wrong. . item nft in games are not. They are awesome. Steam has already been doing something like it for over a decade in the steam market.

  • Rarity and value of NFTs does seemingly come from nothing, these pictures can be reproduced at an infinite scale you're correct, but that's the fault of the picture not the pencil. The current uses of NFT are for selling art, so it easy to think these prices are illogical but that's not the fault of NFTs, that's the fault of art. Art prices have always been illogical, they usually have no functionality, but some go for millions.

    NFTs are exciting because they can be used to represent ANY asset (ones that people ACTUALLY want to hold onto), not just digital ones. If the proper laws were put in place and cryptocurrency stabilized enough to be used by major sellers, NFTs could be used to represent and sell things like houses, much like a deed. Don't get me wrong though, that's a possible future not a probable one…

  • Nft dudes give me culty vibes

  • Licensed NFTs backed by IP will hold value. Check out Veve. They have minted the very first NFTs licensed by Marvel, Disney, DC, Cartoon Network, Universal Studios, and it’s pretty much assumed they have Pokémon coming, which you can DYOR on

  • Me when i see a nft: download image.
    One more to the collection

  • i would never buy an nft but whenever people get scammed out of nfts people congratulate the scammers because "it was funny" and the scammers dont get backlash for it because people think nfts are bad

  • No wonder South Park had so much fun picking this bullshit apart in Post Covid!

  • NFTs are the ultimate fuck you to the weak minded internet followers. Who usually take advice from people like Gary v who basically tells you to fuck off right to you’re face and people pay him for it. It’s hilarious

  • The whole 'hot potato' analogy reminds me of the housing bubble. The salesmen making the loans knew the loans were going to end up worthless, so they sold them to the bank. The bank sold those mortgages to bigger banks. And the megabanks just hoped to sell off their assets to unsuspecting investors.

  • They are
    simply screenshot them

  • The phrase "tangible utilitarian function' is what I've been missing when explaining why the eay NFT's are pointless. If anyone else can use it for what it's actually capable of, then what you are buying is perception. Nothing.

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