• SLR

  • Anyone into NFT's and blockchain?

It’s about time to make it official

I can’t see a way to make use of NFTs. It simply doesn’t stick. There are plenty of concepts around it, but I was not able to discover any of those suitable for a sustainable economy.

Even all the propelled crypto stuff turned out to be only another payment option for those already in crypto. Yet again crypto is far from being a world changing tool like it was heavily promoted, though it worked great for a bunch of people that made a great fortune by selling it to greater fools at higher price. Most of the many people I know that were early pioneers got out of crypto for the sake of being fiat rich. And NFTs are nowhere near to what crypto is.

All the cool idea we have could be implemented without use of blockchain or NFTs.

    Also remember all the ICOs madness some years ago. Nothing should stop me now from calling it an uttergarbage and a cashgrab scheme for those in it. Not a single value based product came from there.

      doublevr so you see no current use case to implement an NFT solution on the site for the time being (or maybe ever). Fine, and I’m sure that decision will get a lot of support from those that blasted the concept of NFTs here in the first place. All that said, just because the current bear market is exposing the numerous scams that have arisen over the last 18 months (including the monkey pic NFT nonsense) I think it’s a mistake to write off all of crypto, blockchain technology, and what will prove to be genuine utility from NFTs once all the bullshit has been washed away and the legitimate projects are left standing and stronger than ever. I’d still stay tuned to this space. We’ve seen all of this before and the technology and opportunity remains quite real.

        doublevr

        All the cool idea we have could be implemented without use of blockchain or NFTs.

        Yes. Your business centers around gating content. Protecting copyright of content. Creating user features.
        That doesn't fit well in an open, free, transparent, and decentralized scope of tooling.
        There are aspects you could make decentralized and all it would lead to is other companies leveraging it to make more money without giving anything back.

        Trying to leverage something decentralized by highlighting the centralized ways it can be made use of isn't the way.

        We'll see a decentralized onlyfans/amateur highlighting possibilities before any profit-geared company jumps on the band wagon. Companies just aren't on board with a collective user base. Everything is geared towards sniping users over to their own service to gain the maximum profit per person that consumes their content.

        I'm not saying that is bad. It just is what it is.

            uselinux If there's a way for decentralization I would do it first thing tomorrow. Just tell me what we have to do.

                doublevr I'll put something together beyond rambled typing to think on. Will take a bit.

                  Here, for example, are the NFT problems that affect artists. Anyone can link an NFT token to any picture without proof of true authorship. Sites do not respond to complaints from authors who have had their content stolen. Artists sometimes have to go to extreme measures and close their galleries. Low earnings for newbies and one-size-fits-all works of low quality. And fraudulent schemes: how the author of Evolved Apes disappeared with $ 2.7 million and other stories. And also other NFT problems like money laundering, traders making money on NFT loans, NFT transactions harming nature and bringing us closer to global warming, etc.

                    Grigorii NFTs are more than art. But most people seem to see the blockchain application as nothing more than this because those are the stories that have gotten the most online clicks. Why? Because people have been trying all this time to get their heads around why on earth someone would ever pay $24M for a jpg image my five year old could have created in 3 minutes using Microsoft Paint!


                    CryptoPunk #5822 was just sold for roughly $24 million in Ethereum, thus dwarfing the previous record for such NFT.

                    Every major new technology over the last 200 years has had its growing pains, horror stories, and detractors. Blockchain is no different, but the technology is here to stay, and NFTs will re-emerge once it gets past its unfortunate reputation as being nothing more than a digital art fad.

                    10 Practical NFT Use Cases Beyond Digital Artworks

                        doublevr that was a spam bot

                        What was a spam bot? Afraid you lost me there sir.

                        Later: oh the post I replied to. Well that was a strange thing for a spam bot to have posted. It was all about the pitfalls of NFTs as digital art. Would never have guessed that was from a bot.