4 ms·

Does the general public even know what NFT's are? Much less someone with £244k to drop on one? I feel like this is some bizarro world where this is all code fo

Does the general public even know what NFT's are? Much less someone with £244k to drop on one? I feel like this is some bizarro world where this is all code for money laundering or something that I'm not privy to.

Kaze404 5y ago
It has to be. I've seen so many people making huge sums of money selling NFTs for machine-generated "art". What value does this provide to anyone? Who is buying this? What are they getting out of it? This entire thing feels like a practical joke to me.
- pornel 5y ago
  Nobody is paying millions for hashes of JSON files of URLs of cliparts of pet rocks. You've seen money laundering and grifters "selling" NFTs to themselves to pump yet another crypto pump and dump.
dgellow 5y ago
Even highly technical people promoting NFTs don’t seem to understand what they really are (or decide to lie or obfuscate the truth) and seem to attribute them some mythical properties that makes no sense. I’m personally convinced it’s mostly used to launder money.
- kexx 5y ago
  I would not be surprised if this wasn't the goal of design in the first place
- RealityVoid 5y ago
  As is the case with other kinds of art.
chrisseaton 5y ago
> Does the general public even know what NFT's are? Been featured in the mainstream evening TV news, radio news, newspapers where I live.
sremani 5y ago
Painting the tape is not for every one but somebody got to do it.
yodsanklai 5y ago
I think they know that it's something that may be able to sell for more money that what they spent. And they may be right.
the_snooze 5y ago
It's a fancy receipt backed by hype and techno-woo.
sillysaurusx 5y ago
The general public knows enough, apparently. SNL made a skit about NFTs: https://www.youtube.com/watch?v=mrNOYudaMAc&ab_channel=SaturdayNightLive https://www.youtube.com/watch?v=mrNOYudaMAc&ab_channel=Satur... One of my old gamedev buddies is a crypto millionaire nowadays who mostly rants about Bitcoin vs ETH (to my dismay). One day he asked "Okay, can someone spend some time explaining what an NFT is?" and I practically jumped out of my chair with glee. I said "I've prepared this educational video for you" and linked him to that.
himinlomax 5y ago
I feel like I can't possibly know what it actually is, simply because it can't be as dumb as I understand it. But then every time I try to learn more about, it feels even dumber and dumber.
Igelau 5y ago
It's kind of funny explaining it to people. There's so little substance that people who get it perfectly feel like they don't get it at all. The kinds of people you can expect to see at this juncture: - The emperor with no clothes - The conmen who got away with it - The lackeys who, out of fear or for favor, played along with the lie - The peasants who laughed at the farce - The kid who told the truth - Folks who stayed home, went about their lives, and didn't actually miss anything

Kaze404 5y ago

It has to be. I've seen so many people making huge sums of money selling NFTs for machine-generated "art". What value does this provide to anyone? Who is buying this? What are they getting out of it? This entire thing feels like a practical joke to me.

pornel 5y ago
Nobody is paying millions for hashes of JSON files of URLs of cliparts of pet rocks. You've seen money laundering and grifters "selling" NFTs to themselves to pump yet another crypto pump and dump.

dgellow 5y ago

Even highly technical people promoting NFTs don’t seem to understand what they really are (or decide to lie or obfuscate the truth) and seem to attribute them some mythical properties that makes no sense. I’m personally convinced it’s mostly used to launder money.

kexx 5y ago
I would not be surprised if this wasn't the goal of design in the first place
RealityVoid 5y ago
As is the case with other kinds of art.

chrisseaton 5y ago

> Does the general public even know what NFT's are? Been featured in the mainstream evening TV news, radio news, newspapers where I live.

sremani 5y ago

Painting the tape is not for every one but somebody got to do it.

yodsanklai 5y ago

I think they know that it's something that may be able to sell for more money that what they spent. And they may be right.

the_snooze 5y ago

It's a fancy receipt backed by hype and techno-woo.

sillysaurusx 5y ago

The general public knows enough, apparently. SNL made a skit about NFTs: https://www.youtube.com/watch?v=mrNOYudaMAc&ab_channel=SaturdayNightLive https://www.youtube.com/watch?v=mrNOYudaMAc&ab_channel=Satur... One of my old gamedev buddies is a crypto millionaire nowadays who mostly rants about Bitcoin vs ETH (to my dismay). One day he asked "Okay, can someone spend some time explaining what an NFT is?" and I practically jumped out of my chair with glee. I said "I've prepared this educational video for you" and linked him to that.

himinlomax 5y ago

I feel like I can't possibly know what it actually is, simply because it can't be as dumb as I understand it. But then every time I try to learn more about, it feels even dumber and dumber.

Igelau 5y ago

It's kind of funny explaining it to people. There's so little substance that people who get it perfectly feel like they don't get it at all. The kinds of people you can expect to see at this juncture: - The emperor with no clothes - The conmen who got away with it - The lackeys who, out of fear or for favor, played along with the lie - The peasants who laughed at the farce - The kid who told the truth - Folks who stayed home, went about their lives, and didn't actually miss anything