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01-16-2022, 02:06 PM | #1 |
RCC Addict Join Date: Feb 2017 Location: Surprise
Posts: 1,762
| All this NFT talk, Questionable??
What's up with that? Buying a computer drawing for THOUSANDS of dollar's? What gives? Real confusing on what this NFT is? Social media, all talk about NFT. Jake Paul bought a pic for 56 thousand dollars,WOW?? |
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01-16-2022, 04:10 PM | #2 |
Rock Stacker Join Date: Dec 2020 Location: London, Ontario
Posts: 61
| Re: All this NFT talk, Questionable??
I'm no expert on the subject. But my understanding of Non-fungible tokens is the "bitcoin version" of collectables. Non-fungible, (for anyone wondering) just means that it has a unique value. Stocks and bitcoins are fungible, and they all have the same value as their "Brothers". Which is to say every bitcoin is worth the same as every other bitcoin. When the value of bitcoin goes up they all go up. Non-fungible tokens are like collectable sneakers or artwork. They all have their own unique value. The NFT is basically a blockchain version of a "certificate of authenticity" NFTs can be art work, but they can also be any other digital asset. Avatars, tweets... anything. the NFT just proves that you have the original copy of whatever that digital item is. It could even be a song. And just like records or anything else, even though they are made from the same thing, originals are worth more. The mona lisa is worth a lot more than a copy of it sold at walmart. Often the value associated with these NFTs has more to do with who made it than what it is. But I will agree the prices seem massive so it wouldn't shock me if it has something to do with tax sheltering and evasion. But that's my own speculation. Similar to art collections also being worth insane money. |
01-16-2022, 05:06 PM | #3 |
Rock Crawler Join Date: Mar 2021 Location: Santa Barbara
Posts: 659
| Re: All this NFT talk, Questionable??
Did you watch the South Park special that came out today, or what?
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01-16-2022, 06:09 PM | #4 |
RCC Addict Join Date: Jun 2008 Location: Mudville
Posts: 1,592
| Re: All this NFT talk, Questionable??
I kind of see this like the Baseball card of Shitcoin. These digital things people are buying are no different. They are only worth what someone is willing to buy, until no one is willing to buy, then the stuff is worth-less. I know a crapload are making money on Digital currencies. And they BELIEVE it will take down the Central Banks not ever realizing it was the Central Banks that Created BitCoin and the Hash Ledgers to begin with. Anyone that thinks it was just some anonymous guy wanting to take the 'system' down, doesn't not comprehend Actual History. The Art of War is in play, so keep your eyes open and your wits about you. Remember this shits only good as long as there is a computer that you can access at some point in the future. that is if there is any electricity to power said computers. Treat it like it is. FIAT CURRENCY. if you get in deep, get out before the water's drained before you know it. NSFs are just a subsection of Fiat value. |
01-16-2022, 09:43 PM | #5 |
Pebble Pounder Join Date: Feb 2015 Location: in my house
Posts: 138
| Re: All this NFT talk, Questionable??
There are many reasons why I do not like, or support NFTs, but here are the main points:
Last edited by caleb.cole; 01-16-2022 at 09:45 PM. |
01-17-2022, 01:31 AM | #6 |
Rock Crawler Join Date: Mar 2019 Location: Terrassa
Posts: 981
| Re: All this NFT talk, Questionable??
The newest internet scam ... Moving on...
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02-23-2022, 09:27 AM | #7 |
Newbie Join Date: Feb 2022 Location: NY
Posts: 0
| Re: All this NFT talk, Questionable??
Why is it a scam?) It's no secret that cryptocurrency has become very popular lately, there is such a topic as crypto-trading, with the help of which you can make a lot of money. You too can easily buy and sell cryptocurrency at j2tx.com . There you can easily buy bitcoin online uk and with low transaction fee. Last edited by James Ceer; 02-27-2022 at 09:39 AM. |
02-23-2022, 01:35 PM | #8 |
I wanna be Dave Join Date: Jun 2017 Location: Humboldt county
Posts: 4,482
| Re: All this NFT talk, Questionable?? Can I interest you in a $250,000 picture (I mean URL link) of my RC truck lol but in all seriousness I dont have the time or patience to explain it that thoroughly. Basically you get to buy expensive artwork with the downside of not actually owning it, you just get a URL link to it |
02-23-2022, 02:45 PM | #9 | |
Quarry Creeper Join Date: Jan 2009 Location: WA state
Posts: 283
| Re: All this NFT talk, Questionable?? Quote:
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02-23-2022, 05:09 PM | #10 |
I wanna be Dave Join Date: Jul 2005 Location: North Idaho
Posts: 3,648
| Re: All this NFT talk, Questionable??
To me, this is just like any other artsy-fartsy crap, if you see value it in, and have the money to throw at it, then you do you booboo.... In my humble opinion, this is no different than someone paying millions of dollars for a blank canvas with a little blue dot in one corner that the "artist" claims is a proclamation on the existential pose of humanity's struggle with its immortal soul. At least a white sheet with a drop of smurf jizz on it is something you can actually take home and hang on the wall. Just as long as the fool... errrr... I mean, person who crapping out the money for such a thing knows that what they are actually buying is actually nothing, and they still want to buy it, go for it. At this point, it is not scam, just a moron that lucked into money they are really wanting to throw out a window... Yup, one of the most brutal classes in college was humanities through the arts. Given a solid music and art background, I thought I would like it... Nope, I would rather get a vasectomy by a cracked out Edward Scissorhands than take that class again. That is why, whenever possible, I took Psych course as electives whenever I could. With that, I submit this... https://www.npr.org/2021/09/29/10414...-denmark-blank Last edited by Greatscott; 02-23-2022 at 08:24 PM. |
07-23-2022, 01:18 AM | #11 |
Newbie Join Date: Feb 2022 Location: NY
Posts: 0
| Re: All this NFT talk, Questionable??
To be honest, I don't really understand it)) Ordinary drawings cost a lot of money)
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07-23-2022, 01:44 AM | #12 |
Pebble Pounder Join Date: Feb 2022 Location: Batam Island, Indonesia
Posts: 129
| Re: All this NFT talk, Questionable??
My take on virtual art or house or shoes for that matter.... Sent from my CPH1937 using Tapatalk |
07-23-2022, 11:02 AM | #13 | |
I wanna be Dave Join Date: Jun 2016 Location: Deep in the Everglades
Posts: 5,818
| Re: All this NFT talk, Questionable?? Quote:
Smurf Jizz…….. Yep that’ll sum it up! Hang up and Drive | |
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