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(Twitter)   The Trouble with NFTs (Star Trek Fandom tab mocks Business tab cryptobros)   (twitter.com) divider line
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1572 clicks; posted to Fandom » and Business » on 28 Nov 2021 at 2:50 PM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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View Voting Results: Smartest and Funniest
 
2021-11-28 11:44:34 AM  
Original Tweet:

 
2021-11-28 11:53:51 AM  
Watching the Macys parade on NBC, they took a moment to advertise free NFTs of the parade and floats over the years.  Animated gifs.

Go to this website and get a free NFT.  And I'm wondering exactly who decided to call them nfts and then give them away to everyone.
 
2021-11-28 12:21:16 PM  
Fark user imageView Full Size
 
2021-11-28 12:27:18 PM  
That made me chortle.
"Chortle" also sounds like the name of another alien in a reoccurring role on DS9.
"They stole my apes!" is going to be my default answer to difficult questions now.
 
2021-11-28 2:05:46 PM  
 
2021-11-28 2:35:18 PM  

BizarreMan: Watching the Macys parade on NBC, they took a moment to advertise free NFTs of the parade and floats over the years.  Animated gifs.

Go to this website and get a free NFT.  And I'm wondering exactly who decided to call them nfts and then give them away to everyone.


Just $5.99 for shipping and handling.
 
2021-11-28 2:54:03 PM  
That wasn't bad.

If I had no morality at all then I would be milking that NFT titty.

This can go nowhere beyond fraud, crime, and fraud.
 
2021-11-28 3:12:04 PM  
1) Make a cryptocurrency called Yin Yangs, which automatically flip between Yin mode and Yang mode each sale, with the value of Yin's fixed at 2x the value of Yangs

2) Buy and sell Yin Yangs from yourself to transfer money to tax deferred accounts or out of limited use accounts (ex. political funds or non-profit accounts)

3) Profit!
 
2021-11-28 3:41:22 PM  

TaDu: That made me chortle.
"Chortle" also sounds like the name of another alien in a reoccurring role on DS9.
"They stole my apes!" is going to be my default answer to difficult questions now.


Buy my "Chortle" NFT now!
 
2021-11-28 4:27:19 PM  
I don't know about you but I'm sold on QuarkCoin™
 
2021-11-28 4:37:59 PM  
That was some nice voice work.
 
2021-11-28 4:55:58 PM  
I lost it at "It's on the Etherium blockchain, Quark!"
 
2021-11-28 5:20:03 PM  
Star trek fans just can't wrap their minds around new tech concepts. They are stuck in the past.
 
2021-11-28 5:25:36 PM  

Ivo Shandor: Background, if anyone cares: https://www.vice.com/en/article/qjb4nq/investor-says-bored-ape-nfts-were-stolen-by-hackers


Thank you! Missed the article and reference. Much clearer now, unlike value of 'NFT'.
 
2021-11-28 5:26:54 PM  
4.bp.blogspot.comView Full Size
 
2021-11-28 5:29:02 PM  

SomeAmerican: 1) Make a cryptocurrency called Yin Yangs, which automatically flip between Yin mode and Yang mode each sale, with the value of Yin's fixed at 2x the value of Yangs

2) Buy and sell Yin Yangs from yourself to transfer money to tax deferred accounts or out of limited use accounts (ex. political funds or non-profit accounts)

3) Profit!

vignette4.wikia.nocookie.netView Full Size
 
2021-11-28 5:42:22 PM  
You're all just jealous of how rich I am!
 
2021-11-28 6:31:30 PM  
Make sure you buy a bunch of tulip bulbs while you still can!
 
2021-11-28 6:33:41 PM  
I can conceive of legitmate use cases for NFTs, but art isn't one of them due to the existence of the printscreen button.

SomeAmerican: 1) Make a cryptocurrency called Yin Yangs, which automatically flip between Yin mode and Yang mode each sale, with the value of Yin's fixed at 2x the value of Yangs

2) Buy and sell Yin Yangs from yourself to transfer money to tax deferred accounts or out of limited use accounts (ex. political funds or non-profit accounts)

3) Profit!


Just minting a cryptocoin doesn't mean you're automatically making money. You have to convince other people that it has value.
 
2021-11-28 6:34:10 PM  
encrypted-tbn0.gstatic.comView Full Size
Ctrl+C
 
2021-11-28 6:34:37 PM  

replacementcool: I can conceive of legitmate use cases for NFTs, but art isn't one of them due to the existence of the printscreen button.SomeAmerican: 1) Make a cryptocurrency called Yin Yangs, which automatically flip between Yin mode and Yang mode each sale, with the value of Yin's fixed at 2x the value of Yangs

2) Buy and sell Yin Yangs from yourself to transfer money to tax deferred accounts or out of limited use accounts (ex. political funds or non-profit accounts)

3) Profit!

Just minting a cryptocoin doesn't mean you're automatically making money. You have to convince other people that it has value.


And avoid Tolkien's IP
 
2021-11-28 6:38:17 PM  

leeksfromchichis: replacementcool: I can conceive of legitmate use cases for NFTs, but art isn't one of them due to the existence of the printscreen button.SomeAmerican: 1) Make a cryptocurrency called Yin Yangs, which automatically flip between Yin mode and Yang mode each sale, with the value of Yin's fixed at 2x the value of Yangs

2) Buy and sell Yin Yangs from yourself to transfer money to tax deferred accounts or out of limited use accounts (ex. political funds or non-profit accounts)

3) Profit!

Just minting a cryptocoin doesn't mean you're automatically making money. You have to convince other people that it has value.

And avoid Tolkien's IP


yeah, you're better off latching on to a fad like squid game that's an explicit critique of capitalism, and then when the idiots line up to buy your coins you dump everything and disappear with a bunch of money.
 
2021-11-28 7:26:29 PM  
replacementcool:

I only brought it up because JRR Token just got obliterated in court.
 
2021-11-28 7:37:40 PM  
I prefer to pretend to own art online by playing the game Occupy White Walls, which is free on Steam with no monetisation whatsoever. In other words, legitimately free.

In the online game you get your own gallery to build and decorate with items and artwork bought with virtual currency earned entirely in-game. As you build more you level up and unlock more building items. You can also visit galleries created by other users, some of which are remarkably elaborate and beautiful. Once there you can get copies of the art they have on display for your own gallery, if you like.

I prefer this to investing in NFTs as it costs nothing, is far less disastrous for the planet, never tries to convince me that I'm getting anything of genuine real-world value and the artwork available is of a much, much higher calibre than the shiate that gets flogged on the NFT market. Honestly, I think there must be a rule that only terrible, ugly art can used for NFT sales.
 
2021-11-28 7:39:09 PM  
This is probably one of the most concise explanation of the NFT scam and how the IRS is about to leave a bunch of suckers holding the bag:
https://twitter.com/Foone/status/1457749433844568066?s=20
 
2021-11-28 7:57:26 PM  

replacementcool: I can conceive of legitmate use cases for NFTs, but art isn't one of them due to the existence of the printscreen button.SomeAmerican: 1) Make a cryptocurrency called Yin Yangs, which automatically flip between Yin mode and Yang mode each sale, with the value of Yin's fixed at 2x the value of Yangs

2) Buy and sell Yin Yangs from yourself to transfer money to tax deferred accounts or out of limited use accounts (ex. political funds or non-profit accounts)

3) Profit!

Just minting a cryptocoin doesn't mean you're automatically making money. You have to convince other people that it has value.


That's why I put all my savings into JesusCoin.  No matter how bad things get, three days later it rises.
 
2021-11-28 8:21:09 PM  
NPR's Sound Opinions show usually does a Christmas music spectacular episode each year where they round up a bunch of really odd Christmas tunes. Last year's theme was the Christmas Blues, which was several blues songs relating to Christmas. I usually make a point of it to listen every year.
 
2021-11-28 8:21:36 PM  
oh fudge, wrong thread.
 
2021-11-28 8:49:32 PM  

germ78: oh fudge, wrong thread.


Depends. Are those Christmas tunes non fungible?
 
2021-11-28 9:00:19 PM  
The odd thing is that NFTs function in the exact same way as other cryptocurrencies.

There's no value in a coin  it's all made up.

In thay way the process is like real money.
 
2021-11-28 9:24:47 PM  

NathanAllen: In thay way the process is like real money.


No, because there is something real money has that crypto does not: It is authenticated by a centralized authority.
 
2021-11-28 9:30:20 PM  

Ishkur: germ78: oh fudge, wrong thread.

Depends. Are those Christmas tunes non fungible?


If I draw a monkey feeling ennui wearing a silly hat, then maybe?
 
2021-11-28 10:48:37 PM  

SomeAmerican: 1) Make a cryptocurrency called Yin Yangs, which automatically flip between Yin mode and Yang mode each sale, with the value of Yin's fixed at 2x the value of Yangs

2) Buy and sell Yin Yangs from yourself to transfer money to tax deferred accounts or out of limited use accounts (ex. political funds or non-profit accounts)

3) Profit!


This sounds suspiciously like the Martingale strategy of gambling (ie: double your bet every loss so the worst you can do is break even).
 
2021-11-28 11:11:29 PM  
I can understand the idea of a blockchain token that you could load with contracts for tertiary objects of value. But at their best, NFTs are tokens inside tokens. By the time I can understand any of this, it's too late,
 
2021-11-29 2:04:08 AM  

OceanVortex: This is probably one of the most concise explanation of the NFT scam and how the IRS is about to leave a bunch of suckers holding the bag:
https://twitter.com/Foone/status/1457749433844568066?s=20


No, that's an explanation of an NTFS scam.
 
2021-11-29 10:09:18 AM  
as near as i can tell NFTs exist for stupid rich people to give their money to slightly less stupid rich people.
 
2021-11-29 11:27:54 AM  

tom baker's scarf: as near as i can tell NFTs exist for stupid rich people to give their money to slightly less stupid rich people.


Some of that money does trickle down to regular people. Example: https://www.bbc.com/news/world-us-canada-56948514
 
2021-11-29 5:08:21 PM  
Seems like every generation/age cohort has some obviously scammy "economic" theory/gimmick/trend that some idiots buy into despite all the evidence that at best they won't lose too much money on it. (shrug)
 
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