NFT (Non-Fungible Tokens) - Files as crypto currency

[Kiwi & Cow]

At first people were just making fun of how ugly NFTs are, but now they seethe at it as if a machine somewhere in the world spews toxic gas whenever one is minted. Now they seethe at anything that involves crypto because muh environmental impact (soon after sending that tweet, they will likely go hit up an MMO with hundreds of servers around the world that serves players 24/7). Ordinary artists who aren't "cryptobros" get cancelled on twitter for the vile act of accepting crypto as a payment option, along with also accepting fiat money, or for contractually working on a project that produces NFTs. Support artists!

No doubt that some of it is astroturfed to condition people into seeing red whenever they see or hear about crypto, which will make it easier to introduce bills to surveil and restrict financial activity. Soyboys will vote for it and rejoice at this epic own against the cryptobros, unaware that such restrictions will also apply to fiat money, so instead of owning the cryptobros it affects everyone, such as their favorite disabled POC trans furry porn artist who will no longer be receiving SSI because they make a little too much money on the side.

I believe the rabid hate for crypto is 100% AstroTurfed by banks and governments to try and kill it by making it a political issue

Yeah sure, it's the banks it's always the fucking banks, the (((jews))) and the elites. If those in power really wanted to stigmatise NFTs they would spend money on smear campaigns perpetrated by journalists and pundits to push whatever agenda they have, but that's not what happened here.

The most probable causes to that astroturf are mostly the Socialists (Case in point), the hippies who obsess over the environment and climate change to a ridiculous degree and, ironically enough, the cryptobros themselves are to blame.
Wasn't there last year some outrage over Twitter because tards would steal drawings from artists and then resell it on Opensea?

Yeah I thought so too!


And whilst I'm at it, I'll post my newest findings, I looked up "Sonic" on those sites and well here are what I found.

Could make a redirect for KiwiFarms or CWCki if someone is retarded enough to buy this.

My original character "Homer The Hedgehog", do not steal.

10/10 shitpost, I almost like it.

Not even I can draw something this ugly even if I tried.


Once copyright hits the NFT space it'll hit hard I tell ya.

 

[cybertoaster]

Real question: is it worth doing an NFT on any chain besides Ethereum?

Or you have to be on Ethereum for your NFT to be worth anything/get any attention at all?

Do buyers avoid NFTs done in other less known chains? why? honest question.

i went through the chapter titles and it isn't..... that bad. just learned about ethereum fork & classic. hilarious

00:00:00 Preface
00:01:12 0. In 2008 The Economy Collapsed
00:07:09 1. Bitcoin
00:18:18 2. Ethereum
00:24:34 3. The Machine
00:39:07 4. NFTs Exist To Get You To Buy Crypto
00:57:54 5. The Unbearable Cringe Of Crypto
01:11:46 6. A Self-Organizing High Control Group
01:16:57 7. Crypto Reality
01:25:36 8. There Is No Privacy On The Chain
01:32:52 9. If This "Looks Like Scam" Then Every NFT Room I'm In Looks Like Scam LOL
01:38:29 10. Play To Earn Exists To Get You To Buy Crypto
01:46:39 11. We're All Gonna Make It And By "We" I Mean "Us" Not You
01:56:08 12. DAOs Exist To Get You To Buy Crypto
02:13:21 13. I Know It's Rigged, But It's The Only Game In Town

It's a bit more than that. Dude uses the background of the 2008 housing crisis to frame the reasons why cryptocurrency exists and then goes on to discuss its shortcomings in the years that it's existed, discusses what NFTs are and goes in-depth on the people who've fallen for the grift of NFTs.
He does mention the environmental impact but it's a footnote in the entire thing. The stolen art is brought up, but again, only for a moment. The entire video essay is really worth a watch since it goes far far down the rabbit hole to contextualize as much as he can in the crypto/NFT sphere.
He also brings up crypto fans' counterarguments against his claims and tries to address those as well.

I really wish this video had been made by a non-lolcow since the problem here is that this guy was completely wrong about so many things in the past, outright lying due to ideological reasons. So how do I know this video is right? how do I know if its all true or just exagerated for impact?

but look at any discussion of nfts and it reaches near fed-posting levels of hate from the groups against nfts , its ridiculous

Well nftbros really pissed off a lot of people by outright stealing shit. The fact even major markets like opensea did jack shit to curb these obvious scams its like insult on injury since one thing its a nobody on the chain selling fake shit, and another its one of the biggest most visible markets for NFTs telling the real author of the stolen things to get lost.

 

[theshitposter]

I really wish this video had been made by a non-lolcow since the problem here is that this guy was completely wrong about so many things in the past, outright lying due to ideological reasons. So how do I know this video is right? how do I know if its all true or just exagerated for impact?

consider it a broken clock example and use a lil bit of salt
* factual examples of previous scams - it helps you identify the current ones running under a different name
* the most impactful line was "nfts exist just for you to buy cryptos". cryptos have no innate uses. absolutely none barring skipping payment gateways. even nfts didn't grow organicaly. that beeple guy had crypto connections. they are just an another pyramid scam but on bLoCKchAin. so who's cashing in currently, FUCKING EXCHANGE OPERATORS
* how decentralization is a myth. when the money of bigholding whales was stolen, they forked the fucking ethereum. would they have done it for the little guys? their table has a big red kill switch and everyone should be aware of it
* the valuation bubble. not everyone in the "we" from "we are gonna make it" is gonna make it. though bitcoin will never go to absolute zero, the current mess is unsustainable
* fucking play to win games. huge upfront entry cost and ever delaying roi for the new players. textbook pyramid scheme but on bLoCkcHaiN

 

[NSJAP]

I really don't like how this whole nft cancer damages reputation of blockchain tech in the whole

 

[LinkinParkxNaruto[AMV]]

It doesn't matter if they are furfags or lefties or lolcows, all the twitter a-logs screaming against NFTs are absolutely right for once.

The already extremely popular artists making bank on this are the exact ones that never needed Nfts to make money in the first place and who i consider cretins for shilling something that hurts everyone else in the long run. Fuck tulips, fuck ponzies, this generation deserves another Great Deppression but even worse.

 

[Least Concern]

The NFT Art World Wouldn’t Be the Same Without This Woman’s ‘Wide-Awake Hallucinations’ (a)

tl;dr: The young New York artist that was commissioned to make the ugly monkeys actually has suffered from frequent nightmares since childhood and her non-commercial studio work is quite psychedelic. Since she was just commissioned for the art and didn't sell the monkeys herself, she didn't exactly make life-changing money from it, but she has since started to release her own NFTs with her own art and make a little dosh that way.

 

[Tuturesque]

Real question: is it worth doing an NFT on any chain besides Ethereum?

Or you have to be on Ethereum for your NFT to be worth anything/get any attention at all?

Do buyers avoid NFTs done in other less known chains? why? honest question.



I really wish this video had been made by a non-lolcow since the problem here is that this guy was completely wrong about so many things in the past, outright lying due to ideological reasons. So how do I know this video is right? how do I know if its all true or just exagerated for impact?

Well nftbros really pissed off a lot of people by outright stealing shit. The fact even major markets like opensea did jack shit to curb these obvious scams its like insult on injury since one thing its a nobody on the chain selling fake shit, and another its one of the biggest most visible markets for NFTs telling the real author of the stolen things to get lost.

I think NFTs on Cardano are worthwhile, though I am a minority opinion. The only other blockchain where people express interest in NFTs is Solana, though Solana NFTs are nowhere near as interesting as Ethereum. NFTs on cardano are actual tokens, unlike on Ethereum. They exist in your wallet, rather than being smart contracts that people interact with.

Most people doing NFTs on Ethereum do so because the tools are mature, and the infrastructure is built. Other chains just aren't at that level yet.

 

[Cool Dog]

I really don't like how this whole nft cancer damages reputation of blockchain tech in the whole

Its clear this NFT shit its only a good deal if you're selling them, and then get out ASAP before even the crypto you got goes down with it

Its the "sell shovels" biz model, and this is a gold rush with no gold

As for why VC and other big brain investors are pouring money on it........again they're looking at a quick buck, if they cared about sustainability then only 1 in 1000 startups today would get any money

Remember juicero? how much money they put into that bullshit

 

[Bec]

Has there been any studies on NFT's yet?

 

[Cool Dog]

Has there been any studies on NFT's yet?

Studies like what?

 

[Kujo Jotaro]

I really don't like how this whole nft cancer damages reputation of blockchain tech in the whole

What tech? It's the same idea hashed out 50 million times with small, if meaningful at all, improvements.

 

[cybertoaster]

I think NFTs on Cardano are worthwhile, though I am a minority opinion. The only other blockchain where people express interest in NFTs is Solana, though Solana NFTs are nowhere near as interesting as Ethereum.

How so?

NFTs on cardano are actual tokens, unlike on Ethereum. They exist in your wallet, rather than being smart contracts that people interact with.

So its not a real NFT then? or it doesn't have to be a smart contract to be an NFT?

Most people doing NFTs on Ethereum do so because the tools are mature, and the infrastructure is built. Other chains just aren't at that level yet.

I see, good to know, now I can move ahead with my NFT scheme!

..........I mean scam!

..............I mean ripoff!

...............I mean I'm going to take the money and run, convert it to btc, then monero, then doge, then monero again, then fiat, and then gold coins, buy a bunch of koalas and punch them while a belgian prostitute gives me a "brussels waffle" under the table.

 

[Tranimal Farm]

I believe the rabid hate for crypto is 100% AstroTurfed by banks and governments to try and kill it by making it a political issue

i'm gonna say 40-50% astroturfed, the rest is just people who live on twitter tryna edge themselves cause the only type of boner they can get anymore is a hate boner

 

[Bunny Tracks]

I love how it always has to be the jews, or the banks, or the government when it comes to these things being hated. It can't just be that people hate seeing shitty pieces of "art" being mindlessly printed out, (and more often than not, actually stolen), shilled, and sold for outrageous prices that the purchaser wouldn't actually own in the end.

There always has to be some bigger power at play. It can't just be regular people being sick, and tired of a blatant scam being pushed on them from parasitic corporations, and techbros.

 

[Tuturesque]

How so?

So its not a real NFT then? or it doesn't have to be a smart contract to be an NFT?

I see, good to know, now I can move ahead with my NFT scheme!

..........I mean scam!

..............I mean ripoff!

...............I mean I'm going to take the money and run, convert it to btc, then monero, then doge, then monero again, then fiat, and then gold coins, buy a bunch of koalas and punch them while a belgian prostitute gives me a "brussels waffle" under the table.

When I looked into Solana NFTs, most of it was derivative work so I found it souless. Also, most people don't know very much about NFTs, let alone Solana, so at that point anyone who was interested in NFTs only knew of Solana. It's a little different now maybe. I pay more attention to Cardano.

The NFTs on Cardano are still NFTs, just implemented different than on Ethereum. There doesn't need to be a smart contract for there to be NFTs. It all depends on how the network chooses to implement that type of token.

But yeah, most NFTs are pretty awful lmao. Once the hysteria dies down will people start to have more nuanced opinions of NFTs. Right now I mostly see hype wave and people wanting to ride it. There's going to be a lot of casualties once the wave parts.

 

[wtfNeedSignUp]

I'm laughing at the Metaslave (ie, NFT of black people), but the real shame is that the creators should have doubled down and made a whole Farmville clone of them. Buy slaves to work the fields for digital currenct, have each one have stats, let users battle one slave against another. There is a whole world of hilarious salt to be mined here and a pretty penny to be made of edgy boys.

 

[Hand Banana]

Nerdcity came back from the dead to shill his ugly NFTs https://www.youtube.com/watch?v=0jGECgFAw5M&t=1584s

 

[Josterman]

Ken just posted his

 

[RainwaterDrop]

Has there been any studies on NFT's yet?

None that I know of. The criticism regarding their energy consumption stems from crypto currency criticism yet is more intense precisely because NFTs right now are the most useless aplication of crypto. In my view they are a sucker's game, right now they are the least innovative new technology I can think of. All current uses of NFTs and proposed applications are already present in other forms, they are seemingly just mingling Crypto into these forms, and considering how high cryptocurrencies can go for you could say they are actively making them worse!

Say, exclusive content for the NFT buyers? This already exists, people do this and have ID's on the content that traces it back to the buyer. Selling and buying the tokens themselves is useless as you don't own fucking jack shit if you buy an NFT, the rights still belong to the owners - I saw some guy shilling covers of Hulk comics as NFTs, good fucking luck telling Disney you now own these covers lol!

In gaming, there are limited items with high traceability in many games since the early 2000's. I used to play Tibia, and they listed some items on the wiki that were owned by a few players or even by a single player, the in-game marketplace managed all items just fine and many companies would scoff at integrating crypto inside their games either on ethical grounds (plenty of games out there make it clear that you're not allowed to buy in-game stuff with outside currencies) or because they want to avoid the headaches that would come with this shit!

Finishing my point, I would dare say that, as of now and for the foreseeable future the comparisons with Beanie Babes and other fads are right on point. Not going as far as to say there aren't any uses for NFTs that are actually benefitial in their applications, but I cannot think of any that fit the bill as I type this lol!

 

[Two Dollars]

I’m constantly amazed at how much Twitter users froth at the mouth with a burning hatred for NFTs. I don’t plan on getting one, but the amount of hatred toward what basically amounts to expensive jpegs is insane. And ignoring the fact that NFTs aren’t limited to media, every argument I’ve seen against them is ridiculous:
>muh environment
NFTs don’t do anything to the environment - no more than normal image sharing, anyway. This just comes from Twitter users not know anything about crypto and thinking that every transaction requires you to siphon all the electricity from a third world country and sacrifice a baby seal.
>muh copyright infringement
This applies to every single form of media. Are people going to rant about the evils of YouTube as a platform because users are able to reupload other people’s videos? Or Twitter because you can repost memes?
>muh hexagons
imagine losing your shit over the shape of a pfp
>muh ponzi scheme
Well yeah, there’s no arguing against this one. But you could also just… you know… not buy it. I don’t have any interest in spending $3000 on a procedurally-generated png, but I’m not going to lose sleep over someone else doing it.

I don’t even care that much about NFTs (though I do think they’re interesting as a way to support established artists, and they have potential as immutable receipts for real-world goods and services), but I’ve gotten to the point where I support them out of spite due to the arguments against them getting more and more ridiculous - assuming they actually try to say anything beyond “nfts bad”.

Ken just posted his

View attachment 2956498View attachment 2956499

Actually never mind, I understand the hate now.