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(The Next Web)   Crypto-Idiots are paying more for NFT cars than real ones. Because of course they are   (thenextweb.com) divider line
    More: Asinine, Aston Martin DB5, Aston Martin, Automobile, 3D computer graphics, Automotive industry, Fans of the Back, cars' digital rendering, Aston Martin DB4  
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599 clicks; posted to Business » and Main » on 10 Aug 2022 at 10:40 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



29 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-08-10 10:51:51 PM  
Must be a bug in the system.
 
2022-08-10 10:53:30 PM  
It's too inconvenient to drive all the way to the dealership just to get your money laundered.
 
2022-08-10 11:31:29 PM  
cdn0.tnwcdn.comView Full Size

Mid 90's eta MS Office clip art on sale for 5000 ETH. Go for it. You know you want it. Fortune favors the brave.
 
2022-08-11 12:19:21 AM  
I noticed Hot Wheels NFTs a while back. I collect tangible Hot Wheels things. I even went to AutoZone just to buy a Hot Wheels air-freshener even though I don't use air-fresheners.

I have a 16 Cadillac ATS-V R sitting on my desk right now just like the one on the left. It was about $1. The one on the right is the NFT version.  I have no idea what the point is,

From the FAQ:
What does this mean for Hot Wheels Collectors that are used to hand-held, physical diecasts?

With this launch, we're excited to give Hot Wheels fans a new way to collect their favorite car designs in a digital format, while reaching a new generation of collectors immersed in the NFT space. We acknowledge that many of our most loyal fans are new to the world of NFTs and we hope they are pleased to learn that some rare finds in this release will be paired with Hot Wheels iconic die-casts! These premium NFTs are vIRL® (virtual + In Real Life), meaning they're linked to real-world products and services.


If I understand right, you have to own it on a certain date and then you have 30 day to redeem it for a physical car?

Forget it. I don't even think that Cadillac is a vIRL and people want more than $250 for them.  They made 1250 total, but it is a Treasure Hunt..  That's actually cheap compared to some. A Corvette C8.R is about $2000, but they only made 250 of those. It's a "Showroom" NFT.

Fark user imageView Full Size
Fark user imageView Full Size
 
2022-08-11 12:36:19 AM  
How many of these NFT car "sales" are just the vendors buying the NFTs from themselves (via a proxy) for these ridiculous prices, then turning around and exclaiming that therefore the market has decided that that they are worth that much?

We already saw several obvious examples of that sort of thing happening in the NFT space not too long ago.

/ Somebody PLEASE release a collection of PT Barnum NFTs!
 
ecl
2022-08-11 12:42:54 AM  
Real clown cars are expensive.
 
ecl
2022-08-11 12:44:35 AM  
Where is Crypto-Bevets to let us know crypto-cars are crypto-cool?
 
2022-08-11 2:06:00 AM  
I'm so envious.

Some lucky incels out there are really going to impress their sexy girlfriend NFTs when they show off their hot new ride....NFTs

Maybe they can buy wedding and baby NFTs down then road too, those lucky, lucky bastards.
 
2022-08-11 3:55:36 AM  
15 years after the car was invented, people said "cars are stupid.  Nobody will ever use cars" but look where we are now.  The blockchain is only 15 years old.
 
2022-08-11 4:48:52 AM  
Today only one Crypto firm, Hotbit, just announced suspension of trading and all withdrawal but the day is still young and Blockchain is still the future.
 
2022-08-11 5:44:40 AM  

Rapmaster2000: 15 years after the car was invented, people said "cars are stupid.  Nobody will ever use cars" but look where we are now.  The blockchain is only 15 years old.


Hmm, this doesn't seem correct at all unless you're talking about random, unrecorded individuals and not general consensus.

Cars performed the function of something that already existed and was extremely popular (horse and buggy). And did a better job of it, more economically. And mechanical transportation wasn't new, having been around for a long time in trains when modern cars came along.

The Blockchain, at best, is a database replacement and much worse at the job. Slower, less efficient and can store far less data with less specificity.

It's certainly not a currency replacement, and even if it were, again, much worse job than what it's trying to replace.

And as far as an investment platform goes, I can sell my shares and get cash in my account. How about the blockchain right now? Can you sell up and withdraw your money?
 
2022-08-11 7:00:40 AM  

dyhchong: Rapmaster2000: 15 years after the car was invented, people said "cars are stupid.  Nobody will ever use cars" but look where we are now.  The blockchain is only 15 years old.

Hmm, this doesn't seem correct at all unless you're talking about random, unrecorded individuals and not general consensus.

Cars performed the function of something that already existed and was extremely popular (horse and buggy). And did a better job of it, more economically. And mechanical transportation wasn't new, having been around for a long time in trains when modern cars came along.

The Blockchain, at best, is a database replacement and much worse at the job. Slower, less efficient and can store far less data with less specificity.

It's certainly not a currency replacement, and even if it were, again, much worse job than what it's trying to replace.

And as far as an investment platform goes, I can sell my shares and get cash in my account. How about the blockchain right now? Can you sell up and withdraw your money?


It's only been 15 years.  Web1.0 was created in 1993 and 15 years later nobody was using it.  You'll see.
 
2022-08-11 7:20:04 AM  

My Sober Alt: I noticed Hot Wheels NFTs a while back. I collect tangible Hot Wheels things. I even went to AutoZone just to buy a Hot Wheels air-freshener even though I don't use air-fresheners.

I have a 16 Cadillac ATS-V R sitting on my desk right now just like the one on the left. It was about $1. The one on the right is the NFT version.  I have no idea what the point is,

From the FAQ:
What does this mean for Hot Wheels Collectors that are used to hand-held, physical diecasts?

With this launch, we're excited to give Hot Wheels fans a new way to collect their favorite car designs in a digital format, while reaching a new generation of collectors immersed in the NFT space. We acknowledge that many of our most loyal fans are new to the world of NFTs and we hope they are pleased to learn that some rare finds in this release will be paired with Hot Wheels iconic die-casts! These premium NFTs are vIRL® (virtual + In Real Life), meaning they're linked to real-world products and services.

If I understand right, you have to own it on a certain date and then you have 30 day to redeem it for a physical car?

Forget it. I don't even think that Cadillac is a vIRL and people want more than $250 for them.  They made 1250 total, but it is a Treasure Hunt..  That's actually cheap compared to some. A Corvette C8.R is about $2000, but they only made 250 of those. It's a "Showroom" NFT.

[Fark user image 284x177][Fark user image 216x300]



Of course, if for some unholy reason you were deranged enough to want to actually "collect [your] favorite car designs in a digital format," you would just copy the image. Paying for an NFT isn't even buying art, just buying a receipt that says you paid for the receipt.

/well, technically an NFT itself could include art, but that's not typical
 
2022-08-11 8:24:29 AM  
Should someone do a welfare check on our resident OS/cryptobro? It's been a few days and he's missed all of these good crypto threads
 
2022-08-11 8:47:03 AM  
YOU WOULDN'T FUNG A CAR
 
2022-08-11 9:21:30 AM  

squidloe: Should someone do a welfare check on our resident OS/cryptobro? It's been a few days and he's missed all of these good crypto threads


Probably retreated to his forest hut to write his manifesto.
 
2022-08-11 11:22:00 AM  
Fark user imageView Full Size
 
2022-08-11 1:07:48 PM  
This has all the style and class of a free sticker from the dollar store.

cdn0.tnwcdn.comView Full Size
 
2022-08-11 1:08:15 PM  
Is my 2004 Chrysler PT Cruiser NFT/real car combination pack still soaring in value?
 
2022-08-11 2:37:34 PM  

Rapmaster2000: 15 years after the car was invented, people said "cars are stupid.  Nobody will ever use cars" but look where we are now.  The blockchain is only 15 years old.


13 boo

Ethereum is only 7 years old
 
2022-08-11 2:41:09 PM  

Rapmaster2000: dyhchong: Rapmaster2000: 15 years after the car was invented, people said "cars are stupid.  Nobody will ever use cars" but look where we are now.  The blockchain is only 15 years old.

Hmm, this doesn't seem correct at all unless you're talking about random, unrecorded individuals and not general consensus.

Cars performed the function of something that already existed and was extremely popular (horse and buggy). And did a better job of it, more economically. And mechanical transportation wasn't new, having been around for a long time in trains when modern cars came along.

The Blockchain, at best, is a database replacement and much worse at the job. Slower, less efficient and can store far less data with less specificity.

It's certainly not a currency replacement, and even if it were, again, much worse job than what it's trying to replace.

And as far as an investment platform goes, I can sell my shares and get cash in my account. How about the blockchain right now? Can you sell up and withdraw your money?

It's only been 15 years.  Web1.0 was created in 1993 and 15 years later nobody was using it.  You'll see.


The precurser to the internet (arpanet) was around 1970

1991 for web1  read only web

Web2 was abt 2005    read/write web

Web3 is just now beginning   read/write/own

Now go to bed farkers.  Everything will stay the same on the web when u wake up.....
 
2022-08-11 2:42:23 PM  

squidloe: Should someone do a welfare check on our resident OS/cryptobro? It's been a few days and he's missed all of these good crypto threads


Missed close minded farkers who know the future of the web and computing????

How so?
 
2022-08-11 2:45:13 PM  

sirrerun: [Fark user image image 425x464]


I dont really understand NFTs and dont own any. The market will determine if they succeed or not.

But im smart enough not to ignore blockchain tech just for that reason
 
2022-08-11 4:38:57 PM  

Linux_Yes: The precurser to the internet (arpanet) was around 1970

1991 for web1  read only web

Web2 was abt 2005    read/write web

Web3 is just now beginning   read/write/own

Now go to bed farkers.  Everything will stay the same on the web when u wake up.....


idgi what "own" means.

In the 90s everyone who wrote, rolled their own server. It was hard work but it didn't have to do much.

These days rolling your own server is effortless and it does everything, but that has nothing to do with the blockchain. I control every aspect of my websites and servers. They're sitting on computers under mine and my friends houses. I have DNSSEC applied.

I use a federated, encrypted messaging platform (matrix).

I already own my slice of the internet.
 
2022-08-11 6:09:15 PM  

valkore: [cdn0.tnwcdn.com image 600x400]
Mid 90's eta MS Office clip art on sale for 5000 ETH. Go for it. You know you want it. Fortune favors the brave.


But I already have a copy
 
2022-08-11 6:26:35 PM  

dyhchong: I already own my slice of the internet.


Yes but you're not using a slow, hard to scale, inefficient and non cost-effective decentralized public digital ledger which could not produce one advantage whatsoever over existing technology in 15 years.

Also known as "the future".
 
2022-08-11 7:04:08 PM  

Linux_Yes: Rapmaster2000: dyhchong: Rapmaster2000: 15 years after the car was invented, people said "cars are stupid.  Nobody will ever use cars" but look where we are now.  The blockchain is only 15 years old.

Hmm, this doesn't seem correct at all unless you're talking about random, unrecorded individuals and not general consensus.

Cars performed the function of something that already existed and was extremely popular (horse and buggy). And did a better job of it, more economically. And mechanical transportation wasn't new, having been around for a long time in trains when modern cars came along.

The Blockchain, at best, is a database replacement and much worse at the job. Slower, less efficient and can store far less data with less specificity.

It's certainly not a currency replacement, and even if it were, again, much worse job than what it's trying to replace.

And as far as an investment platform goes, I can sell my shares and get cash in my account. How about the blockchain right now? Can you sell up and withdraw your money?

It's only been 15 years.  Web1.0 was created in 1993 and 15 years later nobody was using it.  You'll see.

The precurser to the internet (arpanet) was around 1970

1991 for web1  read only web

Web2 was abt 2005    read/write web

Web3 is just now beginning   read/write/own

Now go to bed farkers.  Everything will stay the same on the web when u wake up.....


And what year did the GUI become mainstream?

1970 was still mostly batch processing vs interactive terminals.
 
2022-08-11 11:10:53 PM  

My Sober Alt: I have no idea what the point is,


The point is to get as much money from idiots as possible, as quickly as possible.

It's a game of "who's the biggest idiot" and it looks like a lot of people want to win that title.

Used to be trading cards.  Now without the cards.  Tops is just kicking itself - if they'd have only made one card of each player at all, they could have sold each one for stupid amounts of money.
 
2022-08-11 11:17:41 PM  

dmike: Linux_Yes: Rapmaster2000: dyhchong: Rapmaster2000: 15 years after the car was invented, people said "cars are stupid.  Nobody will ever use cars" but look where we are now.  The blockchain is only 15 years old.

Hmm, this doesn't seem correct at all unless you're talking about random, unrecorded individuals and not general consensus.

Cars performed the function of something that already existed and was extremely popular (horse and buggy). And did a better job of it, more economically. And mechanical transportation wasn't new, having been around for a long time in trains when modern cars came along.

The Blockchain, at best, is a database replacement and much worse at the job. Slower, less efficient and can store far less data with less specificity.

It's certainly not a currency replacement, and even if it were, again, much worse job than what it's trying to replace.

And as far as an investment platform goes, I can sell my shares and get cash in my account. How about the blockchain right now? Can you sell up and withdraw your money?

It's only been 15 years.  Web1.0 was created in 1993 and 15 years later nobody was using it.  You'll see.

The precurser to the internet (arpanet) was around 1970

1991 for web1  read only web

Web2 was abt 2005    read/write web

Web3 is just now beginning   read/write/own

Now go to bed farkers.  Everything will stay the same on the web when u wake up.....

And what year did the GUI become mainstream?

1970 was still mostly batch processing vs interactive terminals.


Early 80s.  Tech was being worked out at Xerox Parc and at MIT.  Apple delivered something based on all that (some say stolen, but they didn't lift the code) in '84.  MS did their usual 3rd release is real release, version 1 being concept prototype, version 2 being initial design, so took until 1990 to have something mostly usable.  The MIT stuff ended up being the engineering version and was quite usable on workstations, now Linux.  But like anything there, to really make it fly you had to be an enthusiast for playing with the guts of a system.  Some distros now make it somewhat easier - still not where it should be.
 
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