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>Like all crypto scams, the essence of the NFT grift is in recruiting new believers by convincing them a blessed database is an authoritative registrar of value

>Like all crypto scams, the essence of the NFT grift is in recruiting new believers by convincing them a blessed database is an authoritative registrar of value. Just like star naming the grift isn't about utility it's simply a shared delusion in a get rich quick scheme. I think this gets to the core of why so many people (like the entirety of Hacker News) seem to irrationally hate NFTs, to the point of posting about it almost every day instead of just ignoring it. There are shared delusions that are useful as social coordinating forces. Religions are generally this. Social justice is this. And crypto is also this. I find that a lot of the irrational hatred for NFTs and crypto in general tends to come from people who hold certain shared delusions and who don't like that another competing one is so successful at coordinating behavior.

Jensson 5y ago
It is the "get rich quick scheme" part people don't like about NFT's, not the "shared delusion" part.
- adnzzzzZ 5y ago
  There are plenty of NFT platforms that are not about getting rich quick yet no one talks about them because it doesn't fit their narrative. This leads me to believe that what I said is correct, rather than you said.
  - Jensson 5y ago
    Scam NFT's are talked about since NFT scammers posts about theme everywhere. Non-scam NFT's are not talked about since nobody cares about them. When non-scam NFT's gets popular then people will start to talk about them, but until then it is only natural that people talk about the more popular use case. If what you believe was true then we would see plenty of people talk about all those things, but as you said nobody talks about it so those communities doesn't exists. It is basically all scams and people talking about theoretical scenarios of people maybe caring about NFT's in the future.
    - adnzzzzZ 5y ago
      >but as you said nobody talks about it so those communities doesn't exists Here is a very simple example of a community that's just a normal community of people buying and selling NFTs https://www.hicetnunc.xyz/ https://www.hicetnunc.xyz/ without it being about "getting rich quick" like you said. There are other communities like this. Again, no one talks about it because it doesn't fit their narrative, not because it isn't popular or because it doesn't exist.
      - Jensson 5y ago
        That site has multiple people owning the same NFT, so I don't see how it is an NFT site and not just a regular image trading site. Paying money to have a site say you have a new picture is reasonable, but I don't see what NFT's has to do with that.
        40four 5y ago
        That doesn’t make sense. People can’t own the same NFT, just the same way two people can’t own the same bitcoin. Can a creator make multiple copies, aka a limited ‘print run’ of the same artwork? Of course, and this is common in the physical the art world as well. It shouldn’t be a surprise they are doing it in the digital at world.
        Jensson 5y ago
        What is this then? https://www.hicetnunc.xyz/objkt/417332 https://www.hicetnunc.xyz/objkt/417332 It logs all trades here, no sign that any of it are unique stuff. I don't really see how it is related to NFT's etc, but the guy linking the site said it had to do with NFT so I used that language. I assume the site owner call it NFT's as well, but since they take 10% royalties it can't really be, can it? Anyway, at least it isn't a good example of NFT's being functional. It is just a site where you can trade images associated with your profile. NFT's doesn't add any value to being able to trade pictures between profile process, it is just there to make people think this is a new valuable thing. But nobody who cares about images cares about NFT's, they care about the image being associated with their account or that money goes to the author. The whole NFT thing is just nonsense.

Jensson 5y ago

It is the "get rich quick scheme" part people don't like about NFT's, not the "shared delusion" part.

adnzzzzZ 5y ago
There are plenty of NFT platforms that are not about getting rich quick yet no one talks about them because it doesn't fit their narrative. This leads me to believe that what I said is correct, rather than you said.
- Jensson 5y ago
  Scam NFT's are talked about since NFT scammers posts about theme everywhere. Non-scam NFT's are not talked about since nobody cares about them. When non-scam NFT's gets popular then people will start to talk about them, but until then it is only natural that people talk about the more popular use case. If what you believe was true then we would see plenty of people talk about all those things, but as you said nobody talks about it so those communities doesn't exists. It is basically all scams and people talking about theoretical scenarios of people maybe caring about NFT's in the future.
  - adnzzzzZ 5y ago
    >but as you said nobody talks about it so those communities doesn't exists Here is a very simple example of a community that's just a normal community of people buying and selling NFTs https://www.hicetnunc.xyz/ https://www.hicetnunc.xyz/ without it being about "getting rich quick" like you said. There are other communities like this. Again, no one talks about it because it doesn't fit their narrative, not because it isn't popular or because it doesn't exist.
    - Jensson 5y ago
      That site has multiple people owning the same NFT, so I don't see how it is an NFT site and not just a regular image trading site. Paying money to have a site say you have a new picture is reasonable, but I don't see what NFT's has to do with that.
      - 40four 5y ago
        That doesn’t make sense. People can’t own the same NFT, just the same way two people can’t own the same bitcoin. Can a creator make multiple copies, aka a limited ‘print run’ of the same artwork? Of course, and this is common in the physical the art world as well. It shouldn’t be a surprise they are doing it in the digital at world.
        Jensson 5y ago
        What is this then? https://www.hicetnunc.xyz/objkt/417332 https://www.hicetnunc.xyz/objkt/417332 It logs all trades here, no sign that any of it are unique stuff. I don't really see how it is related to NFT's etc, but the guy linking the site said it had to do with NFT so I used that language. I assume the site owner call it NFT's as well, but since they take 10% royalties it can't really be, can it? Anyway, at least it isn't a good example of NFT's being functional. It is just a site where you can trade images associated with your profile. NFT's doesn't add any value to being able to trade pictures between profile process, it is just there to make people think this is a new valuable thing. But nobody who cares about images cares about NFT's, they care about the image being associated with their account or that money goes to the author. The whole NFT thing is just nonsense.