Better things to do tbh
Same, don’t really see the point of filling my sub feed with something I dislike.
Why would I want to join a sub for something I don’t like? I want positivity in my life, not hate
Less hate, more love.
Are these things still a thing?
You’re hired!
Maybe, for some people 🤷♀️
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^ The only person in this thread who actually knows what NFTs are
So this is what I’ve never heard, is when have nfts actually been used? Like it’s too inefficient/expensive to store large amounts of data, so what is it good for?
Proof of ownership and/or identity. It doesn’t need to hold more data than that.
All an NFT is, is a way to prove ownership of a digital good. Think of an NFT not being the item itself, but a receipt that you can use to prove you own said item. You’re probably only familiar with this concept being applied to images, but that’s just one application.
NFTs function very similarly to cryptocurrency with one notable exception, they are not fungible. If we both have a bitcoin and decide to trade them, we both end up with what we started because bitcoins (much like any currency) are fungible. NFTs represent unique items, so they can’t all be treated as equals. That’s all an NFT is at its core, a digital proof of ownership of an item that is unique.
This is my go to example for an alternative use case for NFTs:
You know how Ticketmaster sucks right? Imagine if instead of buying tickets through TicketMaster you bought them directly from artists/venues as an NFT. At the gate you can show that you have the NFT in your wallet which proves that you own the ticket. Instead of Ticketmaster taking a massive cut, you pay a (comparatively) much smaller fee to the decentralized network that processed your transaction, and the entirety of the price of the ticket goes to the venue/artist.
I find that people frequently hate on NFTs because they don’t understand how truly generalized of a concept it is. There are so many ways this technology could be applied, but it’s so new! It takes time for people to conceptualize, develop, and implement this stuff. And with decentralization at the heart, it usually has to happen without a major corporation backing development. So be patient, have an open mind, and know that even I think bored ape NFTs are dumb as fuck
Source: ex /r/CryptoCurrency mod 😛 Happy to chat more about it if you’re curious!
I made NFTs by accident back before they were a thing lol
There are dozens of us!
All crypto starts as a horribly inefficient, slow, expensive technology that gets worse the more people touch it.
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Does “fuck auctioning off digital media (particularly procedurally-generated .jpg files)” make it more clear? Screw artificial scarcity? Ignore/de-value digital real-estate?
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Think of an NFT not being the item itself, but a receipt
Some people are gonna be so mad they paid a million bucks for a receipt.
What this guy said. All the JPGs started as a proof of concept/example. That wasn’t the end goal!
“Piss, diss and shit” is one hell of a sales pitch.
No thank you though.
I was kind of hoping hate filled communities wouldn’t be a thing on Lemmy. Sadly, everything’s the same everywhere you go.
Clarification: I think NFTs are really stupid. I would even say I hate them. But I don’t need a community based around hating something. No one should.
This was simply the first example of a “hate” community I’ve seen on Lemmy, so I spoke up.
You’re gonna be offended on behalf of NFT’s?
I think NFTs are really stupid. I would even say I hate them. But I don’t need a community based around hating something. No one should.
This was simply the first example of a “hate” community I’ve seen on Lemmy, so I spoke up.
I thought those things had gone the way of fidget spinners and pet rocks.
NFTs are just a pathetic and stupid attempt to preserve scarcity in a post-scarcity economy.
This is too much ignorance to pick apart. Thanks for revealing yourself to save me time later, I guess
Yes! Long live Ext4…
oh, NFT… Oops
Your late by like 2 years
The comments here have made me realize NFT’s still need a snark sub. I’ll join, you’ve got plenty of content here to start with.
Your car title is an NFT.
You use many NFTs throughout the day, even if you’re unaware.
