Is NFT just a scam?
Is NFT just a scam?
Tyler Barnes
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Henry Garcia
Of course. Retard.
Isaac Collins
Yes. Now go buy monkey pictures.
Isaac Barnes
Durrr
Jayden Evans
Well, would you buy pixel art for 100k?
It seems like a easy way to launder money
Charles Rogers
No, they're worse, much worse. They're the future of the internet, and if that notion fills you with intense crushing terror do not be alarmed, that only indicates that you are in fact still sane.
Michael Hernandez
No. It's become a very important space for financial growth in the modern era. It's set apart from the typical futures trading by the fact that it functionally has unlimited space to grow and expand on account of its recent development. WEB2 and financials as we know it are on their way out. Crypto is growing at an unprecedented pace. If you want to be successful as an investor in the coming years, owning an nft is pretty much mandatory if you want to be taken seriously by future industry professionals.
Money stuff aside, the nft space has become a trailblazing space for making community and enjoying friendship. There's no communities like it and you will quickly learn why. Every person there is driven and inspired. Find a project you can be passionate about and you will make it.
Nathan Carter
Could you make it any more obvious that you're a salesman? You sound like you're in a commercial. Real people don't talk like that.
Jack Johnson
>WEB2
That has been dead for a while which is why you can't find a single search phrase that produces more than 50 pages of actual results even though nearly every search term claims to have billions of results.
David Morales
In some regard yes, in most cases the hash associated with an image URL is stored on the blockchain but the image URL itself is not decentralized, at lot images associated with the hash is still stored on a centralized server, not on the blockchain. This means you're buying a hash for an inflated price. The blockchain itself is super inefficient at storing anything that isn't text.
William Smith
You sound like a fucking dork.
Jonathan Howard
Sorry if this wasn't clear, its really late. To clarify hash is stored on the blockchain, the image is not. Any image can be associated with that hash and swapped, you can't own the image. In order for this to actually be viable you would need some crazy compression algorithm (ala silicon valley) to make the image small enough to be stored.
Luke Rodriguez
He has to post this to keep and raise the value of his assets. That's how a Ponzi scheme works.
David Scott
those pictures are. actual, useful implementations of NFT are still in development. e.g. Imagine buying games on steam, but you actually own them as an NFT. you can resell them and stuff. same with lets say in game items and stuff.
Landon Ward
these people think you buy the picture lol
Brandon Peterson
/thread
Jaxson Rivera
except for the image with the NFT the image is not yours
you cant use it hell someone else could mind the exact same image nothing stops them
Carter Hughes
Yes 100%
Cooper Jackson
a better comparison would be to say you own an NFT of the game portal
does that mean you own the game? no does it mean you can play it no? it only means you can say you own the NFT
Adam Myers
if youre dumb enough to pay 6 figures for a jpg, then yes its a scam.
Mason Gomez
What if you implicitly connect duplication and selling rights of your original image to the nft purchase with a smart contract?
Daniel Ortiz
its worse than that you don't even get to own the jpg
Luis Peterson
of your original image
that's not how that works at all a NFT is not a sign of ownership
the image is just a flag to see yours vs someone else but you don't own it in anyway shape or form