NFTs, Blockchain and Crypto. Explained
Check out Hajime Kinoko’s first NFT “Samsara” in partnership with RPM: Drops MAY 23rd 9:30AM PST, in 46 hours. (Depending on when you’re reading this.)
I had been meaning to talk about crypto and blockchain for a while now, and with the recent hype around NFTs, seemed like the perfect time. This video of course is not meant to be investment advice.
While this video was sponsored by RPM, they had no influence over the script.
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Add DUNKs to your portfolio, this is about to take over the crypto world like they said. The marketing is going crazy, community is fun, and we always shill together.
Mint your NFTs for zero fees with gateio
When it comes to the world of investing,most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
Clicked off as soon as he used the term “hunter gatherers”
You can't decentralize crypto currency and NFT if they are still exchanged under real currency. This whole thing is just a scheme.
You don't own "the unique original" piece of art, like you would with DaVinci's Mona Lisa. It's as though ONLY Jpeg's of the Mona Lisa existed. They are not only COMPLETELY FUNGIBLIE, but also ABSOLUTELY FREE. All the NFT is is a receipt- it has nothing to do with "owning" an original piece of art. It's a total scam. It's completely useless. At least in Decentralland or the MetaVerse, you own something unique and useful in the game. NFT's would be like you have something in the game that literally everyone can have, but you have a receipt for yours. Who cares- the receipt is useless if everyone else can have the same thing without the receipt.
This video lacks some nuance, so be wary dear reader. It doesn't mention the financial bubble aspect, the weaknesses it posseses, the deep and recent climate impact it has, the thriving culture of art theft and ponzi scheming, the challenge it provides to the notion of ownership itself, the practical solutions it provides to ownership that centralized systems don't already solve at a fraction of the time and a fraction of the energy cost, the criticisms it has received over the years and the contemporary failing and shortcoming of the most popular projects on date. While the technology has potential, it has a lot of shortcoming and issues it is yet to address the issues it has and solutions it can provide.
If you're new to the topic, welcome! It's been a while since the topic has met the mainstream sphere. This is a nicely animated introduction to what the concept can be for the end, non-techy user experience, but the rabbit hole goes deeper. I'll be linking two video essays, with different takes than this one, so you can also get a different side of the coin and eventually get yourself into further reading and decide for yourself.
dank
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Can't believe how my man just so nonchalantly promoted Japanese bondage on his channel.
Im sorry but NFT's, Crypto and digital land are scams
Ok this was a well-made video. Thanks!
interesiting how you manage to mutate colective property into "yours" just cause you defend it
This is the first video I’ve seen that actually fully explains what NFT’s are, and how they work. I actually have a better understanding of these things.
Thank you!
Great video. But I still can't help but correct it. These things are bugging me to a breaking point. So many miss-consceptions. It's in the literature itself.
Blocks are hashed, not necessarily encrypted. Encryption isn't necessary when its already public and permissionless.
You missed the important part of it. Ie: the chain, where the name comes from.
Blockchains aren't necessarily decentralized, they can be centralized. Bitcoins is not, same with most cryptos as they are intended to be anti-government.
Satochi didn't invent or propose the blockchain. Just look again at the paper itself, the timestamp server is even cited in the paper… Their >only< contribution, big but only, was using previous work in a way to have a working system that is permissionless and public with no central authority without having the issue of double spending.
Not new, a different perspective.
Also keep in mind that NFT'S must first be accepted in law for ownership to actually matter. Though the potential is there, right now it doesn't legally represent anything. Because at the end of the day, we live with governance.
Otherwise great job
It would be cool if your real estate, car title, birth certificate, social security number, and even your DNA code deed could be stored on a blockchain.
unfortunately NFTs have already unfortunately NFTs have been ruined in record time
I like the part that says .. "You are working for your car.. Simplify!".. 😄
Reminds me of the end of fight club when they destroyed the paper trail by blowing up several banks
🐚.
inflation is not just about increasing how many bitcoins there are but how many times you can divide it as well. Also bitcoin is a market you can corner, and lose. not to mention i the value of the smallest division of a bitcoin is more valuable than a car how will you buy a coffee. like have only hundreds where nobody else can break them.
Peer coin?
N –
F –
T – Money laundering
Stock's are crashing, Bitcoin Investment right
now will be at every wise individual list in a
month you we be ecstatic with the decision you
make today
Banks will likely try to stop crypto if they can't profit from it
You underestimate hackers
I mean… I get it but what I don't get is why would anyone pay 10mil$ for some cyber weird pixel random drawing? painting? or whatever it was just to view it on phone? I mean I can view it exactly the same way unlike Monalisa painting its hard to copy it exactly. Or like video of a basketball player, that literally million of people saw it in TV for FREE that's exactly the same as the one being sold for 250k? Yes you are the owner of the video but i can just type it in youtube and I'm getting the same video. Seems like some money laundering cliche
chili !
So could you lose all your bitcoin to a solar flare?
1:20 woah was this Hajime Kinoko's work? Amazing!
What about the environmental impact?
I still don't trust crypto.
What is an NFT?
It’s a scam, specifically it’s a bag holder scam. Last person holding loses.
To sum it up NFT's are dumb. I rather own the physical. The technology behind it is great sure but the actual product, MANY RED FLAGS!!! Money laundering at its finest & scamming at its finest. DON'T BUY INTO THE HYPE MY FRIENDS BLESSINGS
1) don't romanticise stone age
2) don't mix american mentality witth bronze age
3) potatos. are you feeling alright, buddy?
f… its only 3 mins into ;g
I think the comparison between the nft and a paintibg doesnt really hold up that well. A poster of the mona lisa is not even close to the original and it is just impossible to get an exact copy of the original. With art that is purely stored as data there can be an infinite amount of perfect copies and the only thing the nft owner has over any copy owner is the recognition of the ledger
So if you lose or whatever the encryption ID then you are just shit out of luck & have lost it all, correct
what stops someone from appending a malicious block? I understand changing previous blocks is tough, but what about just appending a hacked block?
where the sources at for the first 4 mins, cause you throwing a lot of assumptions
If I buy the Mona Lisa and put it in my vault, I own it. I can control access to it, if I bought the copywrite I can control who replicates it and sells merch of it. I can charge people to see it. If I own an NFT of Nyan Cat, I don't own it's copywrite, I can't control who gets to see it, I can't really monetise it. Personally I don't equate NFT with the same kind of ownership as actually owning a physical piece of art or media.
Why so many dislikes ??
Hashing is not encryption.
Hunter gatherers certainly used to own their bodies, and very likely their tools and their loin cloths.
Thought provoking video, but it seems deeply unfortunate that Kinbakubi requires a breeding age female to be trussed up for public display. However willing she may be.
I thinku should do one wirh axie
Nice video! Thank you for sharing this with us. Please do a top 10 NFT projects. I got a few Singularity Heroes , any thoughts? They have a bussing discord.
Just subbed, any plans for a top ten NFT projects video? I bought Singularity Heroes recently, I love comic artwork, they have some sic jokers and clowns, you got any thoughts on them?
3:38 Some aspects of humans will never change