NFTs, the next wave of stupidity

Discussion in 'Crypto Assets' started by Pekelo, Mar 19, 2021.

  1. Tokenz

    Tokenz

    No, you can tell right away if an NFT has been copied and who the originator is for that NFT. Unlike most physical art being sold today.

    And an NFT is not used to launder money. Or else it would be illegal. You are buying art for whatever the price may be, just like any canvas painting.

    Just because you have an opinion on something doesn't make it a fact
     
    #151     Feb 15, 2022
    johnarb likes this.
  2. Sprout

    Sprout

    No, the bigger issue is getting educated on the tech and this moment in history; fools and hype exist everywhere.

    There's a scene in Netflix's "Inventing Anna" S1E2 which illustrates the distinction. It's the scene where Anna is approached by a Talia while reflecting on a piece of art. They do their socialite thing but Anna then guides the person attention to the work of Cindy Sherman and breaks down why her work is relevant, captures a moment in Fine Art and has durable value.

    It's a great scene about taste and what's required to have it.
     
    #152     Feb 15, 2022
    johnarb likes this.
  3. 2rosy

    2rosy

    Nothing stopping someone from creating an NFT of some object on multiple block chains.
    Or an NFT of more than 1 supply. The T in nft is token aka coin
     
    #153     Feb 15, 2022
  4. Tokenz

    Tokenz

    Well you might be an artist in your own mind, but it's not about what you think, it's about what everyone else thinks about your art.
    Like I have said 2 times already, you can tell the origins of where the NFT was created, and can easily tell if authentic or copied.
     
    #154     Feb 15, 2022
  5. Pekelo

    Pekelo

    Bingo!!!
     
    #155     Feb 16, 2022
  6. Pekelo

    Pekelo

    Dude, you are obviously too young and don't know much about the real world.

    1. Who cares if my PrintScreened copy looks EXACTLY the same ??

    2. Restaurants, real estate,etc. are used for money laundering, but they are not illegal.

    You see, you have no valid arguments here, so just learn more about the world. Start with the story of beanie babies.

    https://wealthygorilla.com/most-expensive-beanie-babies/
     
    #156     Feb 16, 2022
  7. Tokenz

    Tokenz

    Everyone else except you, because everyone including you will know that it's copied and worth nothing.

    That's different but with an NFT you can't, because the price of the art is the amount you will pay, since there is no law stating that art has to be cheap.

    Sorry buddy, you've lost this argument, better luck next time.
     
    #157     Feb 16, 2022
    Sprout and johnarb like this.
  8. 2rosy

    2rosy

    I didn't say anything about copying; not even sure if you can copy but can clone and fork.

    Yes, you can tell the origins of an NFT. However it is trivial to create an NFT (which is itself a crypto coin) and there is no requirement that the NFT has supply of a single token and no minting. I can create a faberge egg NFT that has a supply of 4 tokens... builtin scarcity.
     
    #158     Feb 16, 2022
  9. Sprout

    Sprout

    Sure, that's just 1/2 of the equation - where's the demand coming from?

    You could set-up separate wallets and wash trade it but for any doing DD, it's pretty easy to spot.

    Dumb money is dumb money and cash grabs are not unique characteristic of the NFT space.

    What is unique about crypto is it's transparency and where it's not, then one can pause, evaluate the risks against the merits.
     
    #159     Feb 16, 2022
    Tokenz likes this.
  10. 2rosy

    2rosy

    you said it yourself Dumb money . For NFTs at least
     
    #160     Feb 16, 2022