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NFT WTF

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neXus:
I forgot to hit post from the above post the other day.
And today articles from music artists who are livid who, outside the big names are struggling to take off under Spotify, Apple and digital music sales to see videos of pink cats making millions!

Clock'd 0Ne:
https://kotaku.com/someone-right-clicked-every-nft-in-the-heist-of-the-cen-1848084379

About time something like this happened and NFTs were shown up for the utter exploitative bollocks they are.

neXus:

--- Quote from: Clock'd 0Ne on November 19, 2021, 17:22:14 PM ---https://kotaku.com/someone-right-clicked-every-nft-in-the-heist-of-the-cen-1848084379

About time something like this happened and NFTs were shown up for the utter exploitative bollocks they are.

--- End quote ---


There are a lot of people paying crazy money and buying and selling them right now that you could get into and making money off for sure but this is all a scam.
While they are the images only and no digital signature I do not think it will be long before someone works out how to replicate that from the blockchain and attach it so it is meaningless.


All the reasons why that exists and what it could mean have hardly even been applied yet.


The idea that not only do you own the original but it allows you access to certain things or do other stuff I get but you do not have any means to use most of them yet and people just literally not even saving it locally and just seeing they own it on websites that could be gone in a year.
Also with some stuff on the news just seems another means as a tax write off for many and money laundering as well.

Serious:
A huge amount of crypto is being used to defraud people who have no idea what it is. Even more is being used to cover crime, such as drug trafficking and illegal porn up.

Really there is very little reason for it in normal life and trade where you cannot use something else.

neXus:

--- Quote from: Serious on November 25, 2021, 11:01:10 AM ---A huge amount of crypto is being used to defraud people who have no idea what it is. Even more is being used to cover crime, such as drug trafficking and illegal porn up.

Really there is very little reason for it in normal life and trade where you cannot use something else.

--- End quote ---


It is really annoying for me. I could go in and make money from these things but you literally have people with a lot of follows on social media telling people what the next big crypto is and people buying and selling and it dying and you know people are setting these up to make money and then when they die off do not care.
Governments are just not doing anything in these areas and while YOU may make some money at risk there are people saying they are rich from crypto as if it was genuine but know its just all dark now and not what the original creator envisioned for all this.

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