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Does anyone actually make money from stuff like this?
(nftandgamefi.com)
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this post was submitted on 24 Jul 2023
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Asklemmy
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It's a multi-level scam.
The people at the top convince other people to put their money and effort in. They tell those people "this is going to be the next big thing, you just have to tell the world about it."
Then those people write this stuff for them.
This sort of thing isn't written by the people at the top of the scam. It's written by their suckers, or their suckers' suckers.
Even if these weren't a scam, they use intensive computer resources to add a layer of property ownership bullshit on top of an existing open data architecture simply so certain people can claim "ownership" over information. It's a way to push the ideology that we should have "ownership" over the things we post to the internet, rather than it being a memetic collage of humanity.
All knowledge is based on previous knowledge. For knowledge to grow, access to information is important. NFTs is an attempt to make technology move backwards and deny access to information via technological means. I'd personally rather have places like Sci-Hub, which is dedicated to sharing information freely for the benefit of science worldwide.
Worse than just being a rejection of the open nature of data and how easily it can be transferred, it doesn't actually do what it claims to do. One of the people who helped create the NFT spec in a programming jam calls out NFT peddlers by pointing out an NFT doesn't contain any actual art, it only has enough bits to hold the URL to a piece of art. Technically, if the server the hosts your NFT disappears.... so does your NFT. Because the NFT itself is just a hardcoded link to a piece of art that is verified by a series of hash-checks.
Yes, but this is just a scam. It's about getting people to pay money for wisps of digital vapor.
it's really not a scam because people know exactly what they're buying, they just beleive in a crazy backwards concept
If I convince you to believe in a crazy backwards concept of magical water, and I use that to sell you homeopathic "medication" for your actual medical condition, I am still a scammer even if you believe in it.
But NFTs don't lie about curing diseases, they claim to be a receipt to a code that's associated with an image. Which is honestly what they are. The issue is that it's extremely overvalued but there's nothing legally fraudulent about that, just consumers who have overvalued a dumb concept. I hate them but I'm just saying it's not technically a scam
Hate to break it, but homeopathy also is legal.
You sound like you need more amethyst in your diet. Only a negligible amount more though, obviously.
If you buy it from me, ill sell at a lower price then you sell to him. we all win!
It's the profit cycle! Everyone wins!
exactly my point.. you can't just call something a scam because you think it's stupid
but nah just downvote me for being right
this is the most accurate take on NFTs I've ever seen