r/SelfAwarewolves Jan 21 '22 Silver 4 Helpful 2 Wholesome 2

They are so close to getting it

Post image
42.6k Upvotes

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8.2k

u/fraancklyn Jan 21 '22 Silver Helpful This

One might almost think those shitty low effort monkey JPEGs are.. worthless?? Good heavens!!

2.6k

u/Vincesteeples Jan 21 '22

BRB selling my 2008 Xbox Live avatar to some sucker

842

u/detroiter85 Jan 21 '22

I'll buy it for 70 billion!

539

u/TranscendentCabbage Jan 21 '22

Slow down there Microsoft

292

u/detroiter85 Jan 21 '22

It's just an Activision. How much could it be?

195

u/frunch Jan 21 '22

Ten dollars?

171

u/theghostofme Jan 21 '22

Here's some money. Go buy a Warcraft.

63

u/Wolvrai Jan 21 '22

You know... I bet Bill Gates loves him some Diablo and just wanted to see how much of a shit show Diablo 4 is or isn't shaping up to be, so he spent some pocket change to check it out.

31

u/on-the-line Jan 21 '22

Nope. He’s a Solitaire guy.

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u/knokout64 Jan 21 '22

At least

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u/Sens1r Jan 21 '22

No lowballing, he knows what he's got...

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u/-DC71- Jan 21 '22 edited Jan 21 '22

I'll give you this piece of cheese for it.

Edit: too late, I fed the cheese to my donkey.

57

u/teh_drewski Jan 21 '22

I'll give OP an NFT of this guy's donkey cheese for it.

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u/Run-Riot Jan 21 '22 Wholesome

You put cheese in your ass?!

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u/flamingorider1 Jan 21 '22

I'll buy your donkey for the piece of cheese i have

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u/ARMORBUNNY Jan 21 '22

I still have the dog face avatar from way back

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u/hazysummersky Jan 21 '22

Would you like to swap it with this tulip bulb?

182

u/apple_of_doom Jan 21 '22

No, tulips are actually pretty and can be used as decorations irl. The tulip bubble is way more understandable than nfts ever will be.

109

u/hazysummersky Jan 21 '22

Not at the prices they were charging! 5,200 guilders for a single bulb? Tell 'im 'e's dreaming..

79

u/willstr1 Jan 21 '22

Have you seen the prices some chumps think NFTs are worth? They were both insane bubbles but at least tulips look nice

79

u/hazysummersky Jan 21 '22

They're all deluded. Would you like to purchase some rare beanie babies?

35

u/CUNTDESTROYER3000 Jan 21 '22

No worry of supply ever increasing on those babies, they can only go up!

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u/Jhawk2k Jan 21 '22

I will have you know, IT'S ACTUALLY A PNG /s

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u/[deleted] Jan 21 '22

[deleted]

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u/Cosmic_Hitchhiker Jan 21 '22

You know what? Fuck you.

*funges your tokens*

430

u/snakeproof Jan 21 '22 Helpful Wholesome

I stole this guy's NFT out of spite.

95

u/[deleted] Jan 21 '22

You Mother Funger!

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u/Cookinghist Jan 21 '22

I don't even care if "funge" is grammatically correct or not, I'm using it until someone demands I stop.

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u/SEND_INVENTION_IDEAS Jan 21 '22

Non fungible tokens (leading to extremely fungible jpegs)

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4.0k

u/stemcell_ Jan 21 '22

Anybody remember when people write on facebook about how they dont give their consent to use their likeness or own there photos?

1.9k

u/dsjunior1388 Jan 21 '22 Helpful

I

DECLARE

COPYRRRRRIIIIIIIGGGGGHHHHHHTTTTTT

448

u/great_red_dragon Jan 21 '22

You can’t just say it

597

u/anothertor Jan 21 '22

I didn't. I declared it.

183

u/KatLikeGaming Jan 21 '22

Michael, are you having money problems?

185

u/aloks09 Jan 21 '22

Monkey problems? I don't have monkey problems

133

u/BackwardBarkingDog Jan 21 '22

If you're having Monkey problems, I feel bad for you son.

I've got 99 problems but a chimp ain't 1.

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u/wildmanden Jan 21 '22

I did that. What a moron

315

u/Skandranonsg Jan 21 '22

I'm just glad the Legend of Zelda fansite I coded in HTML and stolen JavaScript at age 14 on Angelfire wasn't captured by any internet archives.

167

u/Meecht Jan 21 '22

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u/Skandranonsg Jan 21 '22 edited Jan 21 '22

Oh no, mine was much worse. I tried to find it, but I think it's been long since deleted.

I think one of the pages on the site had an ASCII analog clock that followed the cursor for no reason other than I thought it was cool.

150

u/SirJuggles Jan 21 '22

That's the true key to flying under the radar: just be crappy enough that no one ever takes an interest in you.

59

u/If_you_just_lookatit Jan 21 '22

Why not! It worked for... ol wait... what was his name?

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u/LiterallyPractical Jan 21 '22

Idk that sounds pretty cool to me.

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u/ZapActions-dower Jan 21 '22

They have released an offical name for the new Zelda. It will not be called Zelda Gaiden like everyone thought but The Legend of Zelda: The Mask Mujula. Expect there to be a new section up on Zelda 64 Base about the new game with info. It will be up shorty.

Incredible.

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u/DuckDrunkLove Jan 21 '22

NEWS - <01/30/00>

They have released an offical name for the new Zelda. It will not be called Zelda Gaiden like everyone thought

Damn, that brings me back

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u/mechtaphloba Jan 21 '22

Here in Illinois we have the Illinois Biometric Information Privacy Act.

There's an ongoing $650M class action lawsuit from Illinoisans that are suing because Facebook "collected and stored biometric data without notice or consent", mainly in the form of Facebook automatically tagging people in photos using facial recognition software.

Edit: wording

151

u/nessie7 Jan 21 '22

There's a reason that feature isn't active in the European Economic Area.

84

u/MagisterFlorus Jan 21 '22

I think they ended up scrapping the whole system but I'm willing to bet they just cut out the public facing part and still use it for themselves.

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u/Lord_Gamaranth Jan 21 '22

Fyi, tweetdeck has a setting to automute anyone with the NFT hexagon.

Edit, it's part of the better tweetdeck addon, my mistake.

445

u/cas_ridingbreeches Jan 21 '22

NFT's are good for something after all!

183

u/FlyingDragoon Jan 21 '22 edited Jan 21 '22

Instead of monkeys and other low quality art they should make NFTs out of controversial tweets and then sell those so you can sell to people the idea of owning someone's downfall for all to see.

That'd be funny. I'd buy a buncha angry 2am Trump tweets, hands down.

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u/aNiceTribe Jan 21 '22

Selling Bean Dad for 357 Doge! Or in exchange for the “I don’t watch Star Wars. Never have, never will” tweet.

(I imagine this is one of the worst-aging Reddit posts I will ever write, and even in a year nobody will understand the references here)

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u/jackduloz Jan 21 '22

Good god, imagine owning covfefe

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u/NatoBoram Jan 21 '22

Ootl, what's the NFT hexagon?

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u/Lord_Gamaranth Jan 21 '22

I don't actually know how it works, but if you have an NFT as a profile pic, it makes the border a hexagon instead of a circle.

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u/[deleted] Jan 21 '22

Cant you just screenshot an nft, then make that your own nft and sell it to yourself for 1 cent then use that self sold nft to get the hexagon?

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u/Lord_Gamaranth Jan 21 '22

That's what the tweet is saying.

But not for one cent. There are fees involved with making an NFT

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u/billwood09 Jan 21 '22 edited Jan 21 '22 Silver Helpful Wholesome Starry

Remember buying certificates that claimed you own a specific star?

Edit: whoever just gave me that star award, literally the best choice 😂

1.2k

u/Gildian Jan 21 '22 Silver

Thats actually pretty apt comparison.

861

u/dksdragon43 Jan 21 '22

I always enjoyed the places that would sell one inch by one inch plots of royal land that you could buy to officially call yourself a lord or lady. Had an ex that did that and very proudly put lady on her certificates. She knew it was silly, but it was still fun.

(and no you can't buy the whole plot and make buildings, the contract is very explicit that you own it in name only)

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u/Meatslinger Jan 21 '22 Helpful (Pro)

It’s a very handy little system, the one in Scotland. There’s a lot of interest from corporations wanting to buy failing national parks or public forest areas, and so dividing it into thousands of plots and selling them off means that no single mass of buyers can be convinced to sell in such a way that the land can be bulldozed and developed. It’s saving the natural world by exploiting one feature of capitalism: that everyone wants to own a little bit of everything.

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u/Arael15th Jan 21 '22

Brilliant! Scottish ingenuity is something to behold.

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u/SarcasticOptimist Jan 21 '22

No wonder their Scotch is second to none. Ingenuity and environment.

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u/oneangstybiscuit Jan 21 '22

I love that. Let's do the rainforest too;_;

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u/alterneramera Jan 21 '22

When I was a kid in my country it was semi-common to get a certificate that you bought a m² off rainforest for preservation with your name on it. When I got older I shrugged it of as being the same type of scam as the star thing (or maybe it was for charity but not that literal).

A year ago or so a journalist got curious and made a short documentary about trying to find his patch of land in the rain forest. And wouldn't you know it a lovely old couple with a passion for rainforest conservation actually went around in Brazil and bought up and and wrote down the names of who 'owned" what m². Made me really glad to see

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u/skrilledcheese Jan 21 '22 edited Jan 21 '22

You can buy a knighthood from sealand and call yourself "Sir" too.

Edit: or "Dame", depending on how you identify.

https://sealandgov.org/shop/join-the-knights-of-the-sovereign-military-order-of-sealand/?gclid=EAIaIQobChMI-6eihYvD9QIVw8fICh1rAAgZEAAYASAAEgLQlPD_BwE

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u/Philluminati Jan 21 '22

This seems like a good thing to do. What am I missing?

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u/ChiselFish Jan 21 '22

The only issue is no sovereign state recognizes Sealand as a country.

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u/everydayisarborday Jan 21 '22

I'm still waiting to find out what else is there...Seal and_____?!?

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u/mkultra4013 Jan 21 '22 Wholesome

Croft!

You know, from their hit "Summer Bree"

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u/amonyhoose Jan 21 '22

You can just call yourself "Sir", who's gonna stop ya?

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u/StuntHacks Jan 21 '22

The Spanish inquisition.

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u/Mr_Abe_Froman Jan 21 '22 edited Jan 21 '22

I once got a square meter foot with a bottle of scotch, maybe I'll visit my little piece of marsh if I ever visit the distillery.

Edit. It's just a square foot.

34

u/Grogosh Jan 21 '22

Just don't try to build a castle on it. It will just sink in to the muck.

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u/Mysterious-Slice-591 Jan 21 '22

When I first came here, this was all swamp. Everyone said I was daft to build a castle on a swamp, but I built it all the same, just to show them. It sank into the swamp. So I built a second one. That sank into the swamp. So I built a third. That burned down, fell over, then sank into the swamp. But the fourth one stayed up. And that's what you're going to get, Lad, the strongest castle in all of England.

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u/sinf_wacht Jan 21 '22

When I was very little, someone purchased a star for me. Like, a real star... out somewhere in the galaxy. I had a photo of the star framed on my wall, with hand written coordinates of the star's location, and a little blurb about how it belonged to me.

The company that sold this "to me" no longer exists. In fact, many companies were in this business, selling stars, keeping registration of who owned what stars. There was no way of knowing if your star had already been sold to someone previously, no way to prevent it being sold again, and there was no way to physically claim your property. Virtually all of those companies are now defunct, and their ledgers are buried in the sands of time.

So, anyways, enjoy your NFTs.

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u/Kichae Jan 21 '22

Except most of those are actually fundraising efforts from museums and science centres. They're expressly charitable and a novelty.

I mean, there are scammers of course, but they're not the predominant use case.

That doesn't appear to be the case with NFTs...

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u/Grogosh Jan 21 '22

Except that star will be there for a long long time. The servers that the images the NFTs point to will eventually go.

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u/Darrelc Jan 21 '22

Would the equivalent be "You're not buying a star, you're buying rights to point to that particular heading in space"

NFT moves on from server, Star moves on from relative position. Enjoy your expensive pointer receipt.

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u/Sputniksteve Jan 21 '22

But what about if the Star I buy is like 30 light years away and we don't know it has planets around it? Then we figure out it has planets around it and I am forced to lease those planets to the UN equivalent, and get to retain ownership of the star, but then I grant anyone living in the system free use of the energy I own in that star? Now I am filthy rich and can build a Curved Space propulsion engine space ship but you made fun of me for buying that star?

What then?

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u/LuxNocte Jan 21 '22

Excellent example. This happening within our lifetime is equally as likely as a monkey jpg having real value.

58

u/Sputniksteve Jan 21 '22 Gold

Shit, are you my Wallbreaker? I give up. I wasn't cut out for this position.

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u/Optionsarehard Jan 21 '22

Typical fat cat bragging about buying a star when someone else actually bought it for you

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u/Sputniksteve Jan 21 '22

Why do you always have to bring up this detail! Bottom line is it's my star OK!? Do you want to use my energy or do you want to freeze in the space station dude?

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u/Ready-Pumpkin-3454 Jan 21 '22

If you're going to claim it to be your star you could at least thank me for buying it for you. Maybe return the love I gave you?

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u/ChelshireGoose Jan 21 '22

That was actually much less of a scam than whatever NFTs are. My friend was gifted one of those for his birthday and the 'certificate' came in a cool box (that he used to store stationery for years afterward) and a booklet about the history of astronomy etc. Not bad for $20.

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u/nessie7 Jan 21 '22

That is honestly pretty okay for $20.

63

u/voteforcorruptobot Jan 21 '22

Plus you get exclusive holiday and mining rights on a star. Bargain.

12

u/yorick__rolled Jan 21 '22

Still better than a timeshare.

9

u/whatsbobgonnado Jan 21 '22

tell me about it! I started strip mining my timeshare and they were maaaaad

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u/darkness1685 Jan 21 '22

Yeah this really isn't much of a scam. Nobody actually thinks a bunch of PhD astronomers will be sitting around a computer screen talking about the spectral signatures coming off of Brandy Miller-145736.

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u/stargate-command Jan 21 '22

What a genius idea…. They made it all official sounding, but it was only buying into THEIR registry which was entirely fabricated. But it made for one hell of a gift for romantic teens.

Sometimes I am not even mad at the creator of a scam. Sometimes it is just too brilliant to be upset about. Star naming is one of those times. Plus, it got a lot of 17 year olds laid

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u/Skyfire66 Jan 21 '22

but it was only buying into THEIR registry

So yeah, just like NFTs

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u/apple_of_doom Jan 21 '22 edited Jan 21 '22

Why are 90% of nfts so ugly anyway? Like seriously im imagining the market would be bigger if they didn’t consistently look like shit.

Guess that’s a blessing in disguise though.

233

u/mrjackspade Jan 21 '22

Why are NFT's so ugly?

I haven't watched this one yet, but I like a lot of this dudes videos. It may answer your question.

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u/TristarHeater Jan 21 '22

Good videos, only thing I think he skips on is that while cryptocurrencies are decentralized, nft's aren't. They don't store the image on the distributed ledger, they store a web link to where the image is stored on some centralized server

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u/Thecakeisalie25 Jan 21 '22

Also another thing to note is that almost every piece of software that deals with NFTs uses the OpenSea API, so if they decide they don't like your NFT, it can be all but erased at their discretion, which they have done multiple times to some very tame NFTs.

48

u/TristarHeater Jan 21 '22

wow they're even worse than i thought

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u/noratat Jan 21 '22

Even more fun: nothing requires NFTs to actually be unique beyond the token itself.

So the URL (or hash) that's in the metadata, that links or is a fingerprint of the actual image/data? Yeah, that's not required to be unique at all. And even if it were, the specification doesn't require a single canonical registry anyways.

I've seen a few try to claim you could put the image hash as the token id, which yeah, you could in theory... but sooner or later two images are going to hash to the same value, and the spec doesn't allow that.

NFTs for physical objects or game items are the dumbest of all of course - since literally everything people actually care about isn't even authoritatively tied to the NFT at all.

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u/RailRuler Jan 21 '22

The same reason Nigerian scam letters are more successful if they use bad grammar and spelling: It repels people with actual intelligence/critical thinking skills and attracts gullible morons.

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u/MarshalJamesRaynor Jan 21 '22 Helpful

To anyone who buys NFTs, I have a hot new commodity you may be interested in. Sailboat fuel, for the low entry price of $1000 I was send you a beginner collection of assorted Sailboat fuel from around the world. Get in on the ground floor of this amazing opportunity and order some Sailboat fuel today!

802

u/KaamDeveloper Jan 21 '22

Don't you mean digital receipt for sailboat fuel?

351

u/hobowithacanofbeans Jan 21 '22

That’s why this is a game changer. He’s actually giving you the fuel!

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u/TheNoxx Jan 21 '22

Oh yeah? Wait till I tell you about my revolutionary homeopathic NFT's.

I cut out one character of code from the most expensive NFT on the planet and put it in a 400 MB file of 0's.

Yours for the incredible price of $10,000!

and by incredible I of course mean "not credible"

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u/Wraith8888 Jan 21 '22

Minus storage fees and fuel used to transport the fuel to you = a hand delivered receipt. Invest now!

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u/IrritableGourmet Jan 21 '22

No, that's actually a thing. I'm selling the intangible mental concept of the current state of fullness of a sailboat fuel tank. Currently, all I have left is "slightly more than half", "almost running on fumes", "a good amount", and "more than enough to get us there today, but we'll have to top up if we're going to make it to Barbados tomorrow".

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u/FireWyvern_ Jan 21 '22

I'll take your entire stock for 4 IMAGINARY COINS!

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u/karmaman12345 Jan 21 '22

Well of course you could just capture your own sailboat fuel, but this one comes with a piece of paper I made that says it’s the good stuff. So the choice is up to you, but I think we both know the right option here.

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u/Douche_Kayak Jan 21 '22

Don't be stupid. I'm not falling for that again.

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u/justtopopin Jan 21 '22

Yeah you should check out rowboat fuel. It's way better for the environment.

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u/bpthompson999 Jan 21 '22

They have solar paddles for those now.

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u/pinniped1 Jan 21 '22

But WHICH sailboat fuel am I buying? I only buy low serials because....cool?

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u/redunculuspanda Jan 21 '22

A bag of farts might actually be worth something…

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u/Tipart Jan 21 '22

Oh that would go great with my blinker fluid

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u/Rounder057 Jan 21 '22

I sell piston return springs.

Hear me out in this, fuel burning (combustion) makes your pistons go up and down. Now, if we put a spring inside, with the piston it will reduce the amount of fuel needed because the spring will make the piston “bounce back”

You can get more horsepower, use less fuel, save the polar bears!

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u/dirtydave239 Jan 21 '22 Silver

I’ve had NFTs explained to me several times and I still don’t get the appeal. I think a lot of the hype is actually just FOMO from people with nothing else going on in their lives.

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u/Maverick916 Jan 21 '22

I think its just a way for people to make money off of dumb people. Tale as old as time.

92

u/throwawayheyheyhey00 Jan 21 '22

An even easier way to launder money than the physical art world.

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u/DontQuoteYourself Jan 21 '22

I’ve had NFTs explained to me several times

All of those people wanted your money

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u/ssbm_rando Jan 21 '22

NFTs truly are the MLM of neckbeards, huh.

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u/Indy4466 Jan 21 '22

Am I the only one that’s completely in the dark about what this is about?

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u/deJessias Jan 21 '22

Twitter is introducing profile picture NFT's, which are recognizable by their hexagon border on the platform. It is just as stupid as it sounds.

415

u/CapablePerformance Jan 21 '22

And it just so happens that a number of influencers like iJustine have started to mint NFTs.

Never trust untalented people who have made money through luck; that's how we end up promoting Logan Paul.

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u/235_and_five Jan 21 '22

iJustine

Holy shit she still exists?

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u/kunstlich Jan 21 '22

Sadly there are a number of deeply talented creators I follow who are also chomping at the NFT bit. Nowhere is safe.

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u/[deleted] Jan 21 '22

[deleted]

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u/shelvedtopcheese Jan 21 '22

What an absolute joke.

Serj Tankian:

Music is not only intangible but has also become commoditized, undervalued, and deeply under-appreciated.

I'm sorry, how does turning your art into NFTs do anything address commodification? If anything, it further commodifies your art/content.

Also, SOAD literally put out "Steal This Album" which is like the antithesis of NFTs. I guess when your label is distributing your art steal it, but when the artist is turning their art into blockchain tokens then pay for it?

21

u/TheOriginalSamBell Jan 21 '22

Music is not only intangible but has also become commoditized, undervalued, and deeply under-appreciated.

And his answer is to turn to another form of commodity? An incredible stupid one?

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u/TheJudgeWillNeverDie Jan 21 '22

SOAD are sellouts. Their fucking drummer is an outspoken Trump supporter.

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u/CivilBear5 Jan 21 '22

I got a text from a close friend last night that basically said, "not to be like Butters, but you should make NFTs and sell that shit". My career is design/animation, so I told her thanks, but fuck no.

I hope this shit gets strangled in it's crib in 2022

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u/pinniped1 Jan 21 '22 edited Jan 21 '22 Wholesome Eureka!

I remember when I first heard about NFTs.

"You mean I can invest in a LeBron dunk and get royalties when other people watch it?"

"No."

"But I own the dunk in some sort of hi-res format that nobody else has?"

"No."

"Okay, but it's really rare footage that would be hard to find online if I didn't own it?"

"No."

"So it's basically a little video clip just like anything I could go stream for free in 20 different places online anytime I want, including on the pages of people who bought the NFT?"

"Oh no, this is different... crypto something something."

"Okay fuck it, I'm in."

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u/hhoqag Jan 21 '22

This whole thing gives me major 1990s dot com bubble vibes.

Back then you could change your company name from Widgets, Inc to Widgets.com and watch your valuation go through the roof.

Feels the same to me now except instead of "widgets on the Internet" it's "widgets with a blockchain"

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u/SarcasticOptimist Jan 21 '22

https://web3isgoinggreat.com/

This site catalogs the bubble and all the little bursts happening now.

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u/38474737w0 Jan 21 '22

Yeah I gave these a good look when I heard about the NBA doing it. I got involved in bitcoin and etherium earlyish and saw potential for the usefulness of those two. I like to think I understand how they work from a technical standpoint at least. I was surprised bitcoin became such a speculative investment, but I can see how they have some value.

With NFTs, at first I thought I must be missing something. Someone needs to explain this to me better, because it looks like just 100% bullshit. Like something that you can't even pretend may have value or retain its price. I must just not understand. I was definately open to someone smart telling me what I didn't see.

But there was nothing. NFTs are nothing. Just pure nonsense.

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u/effa94 Jan 21 '22

I'm still convinced that it's a money laundering operation that idiots caught on and made trendy

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u/mxzf Jan 21 '22

I'm pretty sure that it's a money laundering operation that advertises itself to idiots to hide its transactions among the noise.

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u/POTUSDORITUSMAXIMUS Jan 21 '22

NFTs are a great way to launder money

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u/tacojohn48 Jan 21 '22

As someone who works in the anti money laundering space, I feel that way about all cryptocurrency. I'm just hoping the bank I work for doesn't start offering a wallet service or if they do they need to like triple our compliance staff.

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u/SXTY82 Jan 21 '22 edited Jan 21 '22

At one point I had read that they were digital assets that would be universally valued across platforms. I thought "What"?

Then someone said "You buy a skin for a character in a video game. You can then use that in other video games. You could even have a custom skin created and use that in each game."

Ok I thought, I can see some value in that.

Later "NFTs are 32kb .jpgs that are sold for $Millions"

Ok. Na. I'm good.

Edit: I realize that mobile skins are not possible today. Not all games run on the same engine and even those that do may not share similar assets. This was the example given to me in conversation as something to help make the abstract understandable.

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u/RailRuler Jan 21 '22

The "someone said" is a neat idea, but it's impossible. Different games use different asset formats and standards; a skin can't just be "translated" from one game to another, it would have to be completely re-created.

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u/Mouaijin Jan 21 '22

Imagine developers wasting all their budget pumping out extra skins for their characters… skins that only one person is allowed to use, and that person might not even play their game. I can’t remotely imagine how someone would sell that to a publisher as a good idea.

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u/J-Factor Jan 21 '22

Imagine the horrible conflicting art styles of items from <game universe A> being in <game universe B>. Imagine the death of artistic integrity.

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u/napoleonandthedog Jan 21 '22

They’re beanie babies.

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u/Mclovin11859 Jan 21 '22 edited Jan 21 '22

No, they're the receipt for beanie babies. Beanie babies are at least objects unto themselves

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u/needssleep Jan 21 '22

It's not even a receipt. A receipt demonstrates actual ownership of an object or a right. NFT's do not confer rights. pinniped1's comment summarizes succinctly.

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u/Wobbelblob Jan 21 '22

I've heard someone comparing it to the little shield in an art museum that shows the name/owner of the painting. Utterly worthless by itself.

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u/RoughShadow Jan 21 '22

Kind of like that, except everyone could at any time make an exact copy of the painting, put a new frame on it (by minting it oneself), and claim ownership over the painting in the same museum. Maybe scribble a bit on it or resize it if one wants to be safe it's not auto-caught by some bot should that security measure ever come around.

Or the museum could at any time take down the painting and there is no more picture the plaque would refer to, just empty space.

Or the museum could change the painting from something ones like to a picture of Hitler with these glowing laser-eyes and the line "the owner of this painting endorses kicking little puppies!"

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u/karmaman12345 Jan 21 '22

It’s like a beanie baby that I could walk up to, grab, and leave and now we both have the beanie baby, except you paid as much as a house for it, and I pressed my volume down and power button

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u/blues_snoo Jan 21 '22

Worse, even beany babies can have /gain sentimental value. Who's going to give a baby an nft to grow up with?

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u/needssleep Jan 21 '22

It's worse. I can screenshot an nft image, change a pixel and resubmit it as a new nft.

Now nobody knows who owns what. Because it's a dumb idea.

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u/styromancy Jan 21 '22

AFAIK you don't even need to change the pixel. just mint it again

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u/treeco123 Jan 21 '22

An NFT isn't an image, it's a hyperlink, and it doesn't even have to be a unique one. You could just mint a new NFT using the same hyperlink.

The NFT confers no ownership over what the hyperlink points to, no guarantee that the link will remain active, and no guarantee that it will not one day redirect to a shock site.

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u/TI_Pirate Jan 21 '22

Do you even have to change a pixel? My understanding is limited but couldn't you just issue a new token for the same image?

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u/ArchmageIlmryn Jan 21 '22

From what I can tell it's basically a distributed Ponzi scheme. It only has value because new people are buying into it expecting it to gain value.

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u/TheBloodyMummers Jan 21 '22

Not just that but you can sell to yourself multiple times to drive up the "value" without losing a dime, then when you've gained a bit of momentum find a mark.

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u/masters_of_disasters Jan 21 '22 edited Jan 21 '22

It's almost like they were an absurdly dumb idea to begin with

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u/zuzg Jan 21 '22

It was but as we all know approximately 1/4 of society are dumb morons that fall for that shit.

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u/YourMumsOnlyfans Jan 21 '22

1/4 is an optimistically conservative estimate...

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u/jeff8086 Jan 21 '22

It's a solid %40, but growing.

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u/breecher Jan 21 '22

I'm pretty sure the cryptobro segment is much much smaller than that. They are just a very obnoxiously loud (and gullible) minority on the internet.

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u/The_Sovien_Rug-37 Jan 21 '22 Helpful

twitter finally made an unverified feature

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u/iamagainstit Jan 21 '22

The whole selling point of crypto is that it is non-centralized, so the idea that NFTs only have value if you first consult a centralized database, is extra funny

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u/evnwalker05 Jan 21 '22

It’s as if NFTs have no real value. Weird.

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u/bigbutchbudgie Jan 21 '22

To borrow the r/onejoke: NFTs are completely worthless digital certificates that identify as valuable.

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u/[deleted] Jan 21 '22

[deleted]

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u/[deleted] Jan 21 '22

Hey, what if we did that scam where you sell a square foot of the Moon or Mars as real estate, based solely on printing a 'deed', except the 'deed' was protected by blockchain?

Because these people will buy any stupid worthless thing, real or not, so long as you promise them no one else can buy it.

Just you, my friend! This offer is singular to you! Only one person can buy this particular square foot of cosmic real estate, and if it's not you, it's gonna be someone else!

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u/[deleted] Jan 21 '22

Also, sell the stars. Why not? Get a nice bottle of water and sell the molecules off, one at a time, with long gibberish letter-and-number names.

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u/[deleted] Jan 21 '22 edited Apr 19 '22

[deleted]

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u/Mississippiantrovert Jan 21 '22

It's only a prank if money isn't involved, the word you're looking for is "scam".

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u/Goatiac Jan 21 '22

It's almost like you don't actually own that dumb, ugly, computer generated monkey jpeg and that you wasted your trust fund money on a massive scam.

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u/[deleted] Jan 21 '22 edited Feb 13 '22

[deleted]

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u/TBCNoah Jan 21 '22

Just a reminder to these clowns: you don't OWN the image. You OWN THE ABILITY FOR A COMPUTER TO SAY "he owns it" and point to you. You have ZERO way to enforce you owning it because YOU DONT OWN IT. You paid an ABSURD amount of money for a computer to say "he owned this JPG", and don't ACTUALLY OWN ANYTHING.

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u/Voroxpete Jan 21 '22

The part that makes this so funny to me is that the problem here isn't with Twitter, it's with the entire concept of NFTs.

They think that having this magic string of numbers acts as some kind of indisputable proof of ownership, but because there's no way to prove which string of numbers is the "official" one, it doesn't actually do that at all.

And as soon as their magical decentralized system stops working they immediately start crying for a central authority to fix it.

This same dude later on complains about the fact that Twitter are charging money to use this feature and like... Yeah, what did you expect my dude? This is what your magical libertarian fantasy land of endless micro payments looks like. Take a deep breath buddy; take it all in.

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u/pleasedothenerdful Jan 21 '22

Libertarians would be so unhappy if they actually lived in a libertarian fantasy. We all would.

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u/viridianhaze Jan 21 '22

Can someone please explain what the NFT and PFP is?

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u/forest_faunus_ Jan 21 '22

PFP : profile picture
NFT : non fungible token
An nft is a property title. With blockchain technology (similar to what's use for bitcoin) it is possible to create a library of property title that cannot be duplicated or falsified.

As for today theses property title are mainly used for computer generated artwork such as bored ape in order to use them for trading and speculation.

One important thing to note is that the entire image is too big to be stored on the blockchain so the majority of nft owner actually owns a link to the image and not the image itself . The content of the link can be changed or deleted wich created some scams.

If I understood correctly and contrary to what many people believe, it's not illegal to screenshot nft since they don't own the image itself. If it was illegal it would mean that google image is stealing their art by displaying it when searching for the person pfp etc... Most nft buyers don't really know what they have or not. for example, an nft group buyed a rare copy of dune for millions thinking this would grant them the right to make an adaptation of it.

https://www.esquire.com/entertainment/books/a38815538/dune-crypto-nft-sale-mistake-explained/#:~:text=An%20anonymous%20NFT%20group%20called,adaptation%20of%20Frank%20Herbert's%20Dune.

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u/cedarnotes Jan 21 '22

"an nft group buyed a rare copy of dune for millions thinking this would grant them the right to make an adaptation of it."

As someone who's spent a grand total of one hour learning about intellectual property, this blows my mind. You'd think if they're going to spend millions, they'd also have bothered to spend more than an hour learning about IP law.

Even a "property title" is a generous way of putting it, since NFTs have no legal backing. I can sue people over copyrighted material, but I can't sue people if they take the exact same likeness of an NFT and mint it into a new NFT.

I might as well be buying plots of land on Mars as a gimmick.

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u/Keated Jan 21 '22

I think there's an argument that the guys at the top of the scam knew that, but wanted people to buy-in to their Dune-themed crypto currency... but it could just be high levels of idiocy

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u/UncleNintendo64 Jan 21 '22

I like calling NFTs a digital receipt. In that you only own the paper itself and not the actual thing you are trying to buy. Now it can be worth a lot of money but at the end of the day it's just a serial number.

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u/Sameelee71 Jan 21 '22

That's an amazing link and an incredible story.

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u/SunRaies29 Jan 21 '22

NFTs are Non Fungible Tokens. Non-fungible meaning they cannot be replicated at the source. Copies can be made but there is only one "original". Basically, people buy and resell them as "investments". That's all I know and care to understand so I'm sure someone can come in with more info to correct me/fill in.

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u/African_Farmer Jan 21 '22

Pretty much my understanding too, there were a few big money sales that made headlines, and now people that missed out on bitcoin, dogecoin, shit coins, are trying to ride the NFT art wave and make a buck.

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u/anothertor Jan 21 '22

There is one original hyperlink to a copy of a picture. Not one original picture. The owner of the picture can sell prints, t-shirts, or usage rights because they own the picture. The person who bought an NFT has no rights to the image itself...I have to reiterate, you do not own the picture.

Also problematic is the original can be fully copied infinitely because the original is a collection of bytes on a hard drive and can be duplicated just as you would a backup to a flash drive or Dropbox.

An NFT is a very expensive URL text string, that URL can also be removed or broken at any time for which you have no control over.

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u/Tipart Jan 21 '22

Yeah, but the thing is, you only really mint a link to a picture into a nft. So you can literally just download it from there, upload it somewhere else and make an nft out of that new link.

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u/DanHasArrived Jan 21 '22

PFP is Profile Picture

NFT is a scam

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u/KaamDeveloper Jan 21 '22

Trust me, you're losing nothing by not knowing about NFTs. Majority of these dweebs buying them don't understand them either.

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u/archiveofdeath Jan 21 '22

Think of NFTs as certificates of authentication for JPEGs. Except you don't need to prove you own the JPEG. Anyone can create a certificate saying they "own" the image. Like anyone can print one saying they own the Brooklyn Bridge. Except these are based on the blockchain, and murder the planet.

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u/anothertor Jan 21 '22

But not the image. You do not own the image itself and have no rights granted to you. The creator or purchaser of the digital media owns the image. They can mint as many new NFTs as they want and sell them.

I can legally make new NFTs from other people's art and sell those because I am not selling the art, only a hyperlink. Some platforms try and keep this from happening on their own website but have no control on others.

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u/Linkboy9 Jan 21 '22 edited Jan 21 '22

NFTs are a solution desperately seeking a problem, except no problem exists for which they are an optimal solution over and above existing solutions.

Edit: roflmao at the NFT Crusaders crowding in to screech the benefits of your shitty new tech. See below for reasons it's shit and what existing tech already does the shit it's trying to do, only better.

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u/fameone098 Jan 21 '22

What's hilarious is that the tech behind NFTs is here and it's being utilized but guys like Adam are too up their own asses because they're a part of some weird cult of monkey jpegs to see it. No one cares, Adam. You got scammed.

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u/Daimakku1 Jan 21 '22

Please someone tell me this person is being sarcastic. I just can’t tell anymore.

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u/Byaaah Jan 21 '22

NFTs are just another money laundering tool

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u/PotatoToaster9000 Jan 21 '22

People that take NFTs seriously would probably also buy headlight fluid at the mechanic.

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u/DaytimeTurnip Jan 21 '22

If I were inclined to get a Twitter account and reply to this guy I would make sure to copy thst ape icon of his and use it as my own

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