Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNN)   There's now a McRib NFT and what are we even doing anymore?   (cnn.com) divider line
    More: Strange, Modern history, Pork, Time, Marketing, NFT craze, JPEG, Security token, Rendering  
•       •       •

543 clicks; posted to Business » on 28 Oct 2021 at 3:05 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



24 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-10-28 3:06:41 PM  
It's the same as every other NFT. The idea that these are 'attached' to digital or physical assets is complete BS.
 
2021-10-28 3:07:44 PM  
Coming up next: an NFT for the shiat I took after eating the McRib that that NFT memorialized.
 
2021-10-28 3:10:50 PM  
Welcome to the future, pops!
 
2021-10-28 3:33:13 PM  
Worth millions and millions of Shib Inu.
 
2021-10-28 3:33:32 PM  

Rapmaster2000: Welcome to the future, pops!


I am conflicted here, I really am.  I want to be able to see what value all these cryptocurrencies and NFTs bring, how they're being valued, what utility they're purported to have...  You know, simple due diligence questions for new technologies.

Bitcoin has been around for over 12 years.  It has amassed a shiatload of value in that people have dumped real money into it...  Yet I don't see a material movement toward its intended use as a currency.  Not in any real way that I can see, at least.

Now I could simply say I have no idea what I'm talking about and plunk down money into something I don't understand because everyone else is, so it must mean it's valuable...  But then what kind of strategy is that?

Some people refer to investing in crypto as spending a weekend at Vegas.  At least with gambling, you know the odds ahead of time.  Crypto is just nebulous.

Is it me?  Am I the old man who doesn't understand?  Or is this really all just speculative hype?  Not around the technology that allows this cryptocurrency to exist, that I can get behind... but rather the currency itself.
 
2021-10-28 3:34:30 PM  
You don't understand the technology, are just repeating old points, and you can't deny NFTs are a growing industry.

That past part means you cannot logically think it's stupid, I've been told.
 
2021-10-28 3:35:58 PM  
Also I've never had a mcrib.
 
2021-10-28 3:47:24 PM  
We?

WE?

You leave me the fark out of this nonsense!
 
2021-10-28 3:50:00 PM  

Smackledorfer: Also I've never had a mcrib.


I didn't try one for years... they were too similar to the "rib patties" we were served in elementary school, and I always thought those were kinda gross.

Then I finally had one. It turned out the grade school ones tasted MUCH better than the actual McDonalds ones.
 
2021-10-28 3:56:28 PM  

clkeagle: Smackledorfer: Also I've never had a mcrib.

I didn't try one for years... they were too similar to the "rib patties" we were served in elementary school, and I always thought those were kinda gross.

Then I finally had one. It turned out the grade school ones tasted MUCH better than the actual McDonalds ones.


What I like about the McRib is it forces you to face the reality of your poor choices.  One bite and you know the thing is pure garbage, just hyper processed scraps scooped off the killing floor, ground and mixed into a slurry, and splotched into a mold before being pressure steamed with leftover canola oil and unnatural flavorings.  It is your folly laid bare.
 
2021-10-28 4:04:14 PM  

valkore: Rapmaster2000: Welcome to the future, pops!

I am conflicted here, I really am.  I want to be able to see what value all these cryptocurrencies and NFTs bring, how they're being valued, what utility they're purported to have...  You know, simple due diligence questions for new technologies.

Bitcoin has been around for over 12 years.  It has amassed a shiatload of value in that people have dumped real money into it...  Yet I don't see a material movement toward its intended use as a currency.  Not in any real way that I can see, at least.

Now I could simply say I have no idea what I'm talking about and plunk down money into something I don't understand because everyone else is, so it must mean it's valuable...  But then what kind of strategy is that?

Some people refer to investing in crypto as spending a weekend at Vegas.  At least with gambling, you know the odds ahead of time.  Crypto is just nebulous.

Is it me?  Am I the old man who doesn't understand?  Or is this really all just speculative hype?  Not around the technology that allows this cryptocurrency to exist, that I can get behind... but rather the currency itself.



You're not wrong.

There are ways to do non-repudiation without the massive computational overhead (and concomitant energy needs) of blockchain.  The papers defining how that stuff worked were published in the 1970s.
 
2021-10-28 4:09:20 PM  

valkore: clkeagle: Smackledorfer: Also I've never had a mcrib.

I didn't try one for years... they were too similar to the "rib patties" we were served in elementary school, and I always thought those were kinda gross.

Then I finally had one. It turned out the grade school ones tasted MUCH better than the actual McDonalds ones.

What I like about the McRib is it forces you to face the reality of your poor choices.  One bite and you know the thing is pure garbage, just hyper processed scraps scooped off the killing floor, ground and mixed into a slurry, and splotched into a mold before being pressure steamed with leftover canola oil and unnatural flavorings.  It is your folly laid bare.


Now I'm hungry.
 
2021-10-28 4:19:47 PM  

Russ1642: It's the same as every other NFT. The idea that these are 'attached' to digital or physical assets is complete BS.


The whole idea is BS.

You can take an existing picture that is an NFT, change a single pixel, and then create a new NFT with that almost identical file. It is complete made-up silliness that is an indictment of how stupid and wealthy our culture is.
 
2021-10-28 4:41:47 PM  

valkore: Rapmaster2000: Welcome to the future, pops!

I am conflicted here, I really am.  I want to be able to see what value all these cryptocurrencies and NFTs bring, how they're being valued, what utility they're purported to have...  You know, simple due diligence questions for new technologies.

Bitcoin has been around for over 12 years.  It has amassed a shiatload of value in that people have dumped real money into it...  Yet I don't see a material movement toward its intended use as a currency.  Not in any real way that I can see, at least.

Now I could simply say I have no idea what I'm talking about and plunk down money into something I don't understand because everyone else is, so it must mean it's valuable...  But then what kind of strategy is that?

Some people refer to investing in crypto as spending a weekend at Vegas.  At least with gambling, you know the odds ahead of time.  Crypto is just nebulous.

Is it me?  Am I the old man who doesn't understand?  Or is this really all just speculative hype?  Not around the technology that allows this cryptocurrency to exist, that I can get behind... but rather the currency itself.


I remember when Bitcoin was super handy.

You'd use it to buy stuff around the world, without any of the problems and fees associated with traditional solutions. However, the transaction is verified through mining, and it gets slower and slower, thus more and more expensive. Now Bitcoins are really just something you have in a vault, and all that changed when you sell it, is who owns it.


Here comes a cool story. When I lived in a dorm, I had a shiatty PC. But free electricity, so I mined Bitcoins. I mined 0.1 per 24 hours. Had I upgraded my PC, I could have mined 1 per day. Ie. 60k USD per 24 hours.

The noise annoyed me though, so I stopped. Later I formatted the hard drive, losing my Bitcoins.


Later I played a form of casino that operated with Bitcoins, I amassed 15 using the Martin Gale system. But lost them.

Am I bitter? No, because I know with myself I would have sold them when they reached an value of 200USD, because I had calculated that was the amount I needed to go through University.


Etherum kinda makes me bitter though. I remember thinking I should have invested when it was new. And now its 3k USD worth, back then it was cents. Damn.
 
2021-10-28 7:11:26 PM  
The blockchain is gonna give me blockage
 
2021-10-28 7:31:52 PM  
But the fungibility is what makes it taste good.
 
2021-10-28 7:44:57 PM  

valkore: Rapmaster2000: Welcome to the future, pops!

I am conflicted here, I really am.  I want to be able to see what value all these cryptocurrencies and NFTs bring, how they're being valued, what utility they're purported to have...  You know, simple due diligence questions for new technologies.

Bitcoin has been around for over 12 years.  It has amassed a shiatload of value in that people have dumped real money into it...  Yet I don't see a material movement toward its intended use as a currency.  Not in any real way that I can see, at least.

Now I could simply say I have no idea what I'm talking about and plunk down money into something I don't understand because everyone else is, so it must mean it's valuable...  But then what kind of strategy is that?

Some people refer to investing in crypto as spending a weekend at Vegas.  At least with gambling, you know the odds ahead of time.  Crypto is just nebulous.

Is it me?  Am I the old man who doesn't understand?  Or is this really all just speculative hype?  Not around the technology that allows this cryptocurrency to exist, that I can get behind... but rather the currency itself.


It's a commodity.  If you bought in the summer of 2020, like Doge you would have made 50X your money by now.
 
2021-10-28 8:13:02 PM  

Ketchuponsteak: valkore: Rapmaster2000: Welcome to the future, pops!

I am conflicted here, I really am.  I want to be able to see what value all these cryptocurrencies and NFTs bring, how they're being valued, what utility they're purported to have...  You know, simple due diligence questions for new technologies.

Bitcoin has been around for over 12 years.  It has amassed a shiatload of value in that people have dumped real money into it...  Yet I don't see a material movement toward its intended use as a currency.  Not in any real way that I can see, at least.

Now I could simply say I have no idea what I'm talking about and plunk down money into something I don't understand because everyone else is, so it must mean it's valuable...  But then what kind of strategy is that?

Some people refer to investing in crypto as spending a weekend at Vegas.  At least with gambling, you know the odds ahead of time.  Crypto is just nebulous.

Is it me?  Am I the old man who doesn't understand?  Or is this really all just speculative hype?  Not around the technology that allows this cryptocurrency to exist, that I can get behind... but rather the currency itself.

I remember when Bitcoin was super handy.

You'd use it to buy stuff around the world, without any of the problems and fees associated with traditional solutions. However, the transaction is verified through mining, and it gets slower and slower, thus more and more expensive. Now Bitcoins are really just something you have in a vault, and all that changed when you sell it, is who owns it.


Here comes a cool story. When I lived in a dorm, I had a shiatty PC. But free electricity, so I mined Bitcoins. I mined 0.1 per 24 hours. Had I upgraded my PC, I could have mined 1 per day. Ie. 60k USD per 24 hours.

The noise annoyed me though, so I stopped. Later I formatted the hard drive, losing my Bitcoins.


Later I played a form of casino that operated with Bitcoins, I amassed 15 using the Martin Gale system. But lost them.

Am I bitter? No, because I know with myself I would have sold them when they reached an value of 200USD, because I had calculated that was the amount I needed to go through University.


Etherum kinda makes me bitter though. I remember thinking I should have invested when it was new. And now its 3k USD worth, back then it was cents. Damn.


This is like regretting the lottery numbers you chose.

Anyways even if you had made the right choices, you'd just hodling it all anyways. You'd be too scared to sell in the case in went up higher. The deflationary pressure of coins makes people hold on and on.
 
2021-10-28 8:14:46 PM  

Northern: valkore: Rapmaster2000: Welcome to the future, pops!

I am conflicted here, I really am.  I want to be able to see what value all these cryptocurrencies and NFTs bring, how they're being valued, what utility they're purported to have...  You know, simple due diligence questions for new technologies.

Bitcoin has been around for over 12 years.  It has amassed a shiatload of value in that people have dumped real money into it...  Yet I don't see a material movement toward its intended use as a currency.  Not in any real way that I can see, at least.

Now I could simply say I have no idea what I'm talking about and plunk down money into something I don't understand because everyone else is, so it must mean it's valuable...  But then what kind of strategy is that?

Some people refer to investing in crypto as spending a weekend at Vegas.  At least with gambling, you know the odds ahead of time.  Crypto is just nebulous.

Is it me?  Am I the old man who doesn't understand?  Or is this really all just speculative hype?  Not around the technology that allows this cryptocurrency to exist, that I can get behind... but rather the currency itself.

It's a commodity.  If you bought in the summer of 2020, like Doge you would have made 50X your money by now.


This is back to the future shiat.

If you'd known the exact sports scores, stock price movements, you'd rich too in other ways.
 
2021-10-28 8:30:06 PM  

valkore: Rapmaster2000: Welcome to the future, pops!

I am conflicted here, I really am.  I want to be able to see what value all these cryptocurrencies and NFTs bring, how they're being valued, what utility they're purported to have...  You know, simple due diligence questions for new technologies.

Bitcoin has been around for over 12 years.  It has amassed a shiatload of value in that people have dumped real money into it...  Yet I don't see a material movement toward its intended use as a currency.  Not in any real way that I can see, at least.

Now I could simply say I have no idea what I'm talking about and plunk down money into something I don't understand because everyone else is, so it must mean it's valuable...  But then what kind of strategy is that?

Some people refer to investing in crypto as spending a weekend at Vegas.  At least with gambling, you know the odds ahead of time.  Crypto is just nebulous.

Is it me?  Am I the old man who doesn't understand?  Or is this really all just speculative hype?  Not around the technology that allows this cryptocurrency to exist, that I can get behind... but rather the currency itself.


There is so much blatant misinformation surrounding crypto that I would hesitate in investing it in without fully acknowledging that what you invest might be all lost tomorrow.

Social media, blogs and news have just become hidden paid advertising in the modern age. People just search phrases on Google and read whatever is on the first page of it.

There is so much pump and dump, shills and just misinformation everywhere.

If you really want to invest heavily, really use the crypto coins and experience it. Underneath the pretty javascript that says you're 1000% up, there might be just be nothing.

Start small and get a feel of it. Don't FOMO and feel rushed to do something because you might miss out.

For god's sake, don't read "xxx to the moon" somewhere and rush and link your bank accounts and start panic buying.
 
2021-10-28 9:10:16 PM  

Uzzah: Coming up next: an NFT for the shiat I took after eating the McRib that that NFT memorialized.


Fark user imageView Full Size
 
2021-10-28 11:22:49 PM  
Fark user imageView Full Size
 
2021-10-29 12:44:14 AM  
Fark user imageView Full Size
 
2021-10-29 2:41:12 AM  
The whole bitcoin/nft thing is starting to remind me of the Phillip K Dick book 'The Zap Gun' where 2 warring factions don't really create weapons, they just come up with them on paper and put them into a computer to see which country would have the 'edge' on a day to day basis if they DID create them. He was truly ahead of his time.
 
Displayed 24 of 24 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.