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Calling Cards of Morons


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12 hours ago, DiegoDiego said:

I expected better of you BFTD, but one exchange on Solana uses less energy than watching two YouTube videos.

There is already massive proven social utility to owning certain NFTs just as owning an otherwise £2 pair of boxers with Calvin Klien written on them is suddenly valued at £10.

Ha! Now you know better.

I'm fairly ignorant on this, only going by what I've picked up in passing, but even a quick search for "blockchain energy consumption" is full of hits for articles claiming absolutely monstrous power usage. I'll need to read up on it more, and it doesn't make you wrong, but you're literally the first person I've seen claiming otherwise.

Also, which YouTube videos? Asking for a mate.

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There's so much nonsense from both sides when it comes to blockchain. There are loads of people who seem to be strangely militant in their hate for the technology, and similarly there are the obnoxious Bitcoin bros which Ross was talking about. There are also plenty of rug pulls, pump and dumps and other scams. I'm not very comfortable with the advertising by the likes of crypto.com and etoro either.

Blockchain has had many opportunities to fail over the last decade but instead it's become a multi-trillion dollar industry. There are a huge amount of incredibly smart people working on it and more are coming over from other industries by the day.

More work needs to be done in convincing the public of its benefits though. NFTs are massively misunderstood and have far more use cases than Alexi Lalas pictures and Bored Apes.

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My attitude is that blockchain technology is undoubtedly useful, but it will be adopted by national banks and conventional financial institutions with the security that implies, making all these existing coins and instruments less desirable and tradable.

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Calling card of a moron?

Going onto a thread you're not interested in, complaining about the quality of posts on that thread without adding anything yourself and demanding that the thread gets closed down.

Or is that the calling card of a c**t?

Moron. c**t. I keep getting them mixed up. 🤣

Edited by oaksoft
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18 hours ago, Highland Capital said:

I'm not really sure how this whole NFT stuff works but there's something about it I find a bit creepy.

It’s a way to buy, sell and prove ownership of digital art. People can sell physical artwork that they have created so why not digital artwork?

You can own this drawing for the bargain price of $1 million. Have a piece of Internet meme history, or don’t cause that would be daft.

image.thumb.jpeg.023c239c82b8210981d4f63238e04715.jpeg
 

 

Edited by Theroadlesstravelled
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Kudos to anyone who's made money off an NFT but it's a scam sustained by dumb dumbs and no amount of bleating from nerds is going to change that.

Some of the worst bait I've seen on here in a long time.

It’s a way to buy, sell and prove ownership of digital art.

Not just art, it's digital proof of ownership of anything. No reason why the deeds to the big hoose couldn't be an NFT. Your season ticket could be an NFT. There will be hundreds of use cases.
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1 hour ago, DiegoDiego said:



Not just art, it's digital proof of ownership of anything. No reason why the deeds to the big hoose couldn't be an NFT. Your season ticket could be an NFT. There will be hundreds of use cases.

In that case they're worth no more than blank sheets of paper without a link to an object of actual value. Art is pushing it imo.

Edited by welshbairn
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In that case they're worth no more than blank sheets of paper without a link to an object of actual value. Art is pushing it imo.
Well yes, that goes for any proof of ownership. Again, nothing particular to the blockchain environment.

Some of the art sold as NFTs have already made their creators money in physical form.
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1 minute ago, DiegoDiego said:

Well yes, that goes for any proof of ownership. Again, nothing particular to the blockchain environment.

Some of the art sold as NFTs have already made their creators money in physical form.

Aye, but from speculators rather than art lovers in the main, I presume. 

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Aye, but from speculators rather than art lovers in the main, I presume. 
It really depends on the genre. The speculation just makes for clickbaity headlines so people assume that's all there is.

To be honest most at NFT sales I see these days are people just wanting to support artists, a great many of them artists themselves. There's some great stuff out there and it's finally given generative art an ecosystem in which it can thrive. It's done a great job of connecting artists and fans.

The big projects are mainly bought for speculation, Murat Pak sold his out for $100 million yesterday and I doubt many were in it for the art.

The 1/1 artists who people buy for speculation are those who have garnered a large fan base by selling NFTs for very small amounts originally which were bought by those who simply liked the art.

It's great seeing photographers whose incredible photos have made them $32 on shutterstock, or $50 from a magazine sell the same image for $1000 to someone wealthy who truly loves it. And if that person does flip it then the artist gets a 10% cut off the secondary sale.

It's just such a more efficient marketplace than the traditional art world when it comes to connecting artists and art lovers.
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I suppose in 1888 if you'd bought a nice modern style painting off a scruffy Dutch guy it might have been worth 10 Francs.

Years later it's worth 100 million Francs because the scruffy guy was one Vincent Van Gogh.

Similarly there are folk with oil paintings by a Fife guy called Hoggan that they bought for a couple of quid which are now worth a Bob or two because he changed his name to Vettriano.

Everything depends on who is willing to pay big money for something. Now, if anyone wants a genuine Tamthebam....

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