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> Investors Spent Millions on `Evolved Apes´ NFTs. Then They Got Scammed. What the title should be because let's not pretend NFTs are anything other than a

by Lev1a 5y ago

> Investors Spent Millions on `Evolved Apes´ NFTs. ~~Then~~ They Got Scammed. What the title should be because let's not pretend NFTs are anything other than a thinly disguised vehicle for scams, speculation and ultimately simply wastes of energy. In any case I can't honestly believe that everyone waxing lyrical about NFTs' supposed upsides or "value" is not someone in it for a quick profit at the expense of gullible people and/or others with the same motives but not as good at scamming. Seeing NFT-peddlers bend themselves over backwards in mock sincerity so someone will buy into their scam is just pathetic.

web2sucks 5y ago
This is like saying most websites are scams. Tokens are to web3 as websites are to web2.
- BobbyJo 5y ago
  I'd like to hear why you think that comparison makes sense. I don't see any way in which the two represent similar functions or parts. If your argument is based around a token being a sort of domain, then that's like comparing owning real land to owning land in an MMORPG. If your argument is around functionality that's like comparing a car to a parking spot.
- skohan 5y ago
  What does that even mean?
  - trophycase 5y ago
    It means that tokens are one of the fundamental building blocks and foundational usecases of blockchain/web3. Are you even trying to understand, or just asking in bad faith? Because I know this website hates crypto which is just embarrassing.
    - skohan 5y ago
      Do you actually understand the value of any of that or are you just parroting something you read? What is web 3 and what concrete benefits will it provide?
      - trophycase 5y ago
        It automates and decentralizes the entire financial infrastructure of the world and creates consensus around and enforcement of digital assets outside of the control of single governments. If you can't understand why this is revolutionary and haven't bothered to try in the decade you've been given, I'm clearly not going to convince you. My only recommendation would just be to try it out for yourself or go and listen to someone much smarter than me, like Vitalik, speak about it himself.
    - agency 5y ago
      You’re right, crypto is deeply embarrassing.
      - trophycase 5y ago
        Nah, you're like all those newspaper articles back in the day arguing about the internet being useless. It's obvious but you just don't want to see it.
  - zeusk 5y ago
    He "invested" bunch of his money on digital tokens, and now needs them to be worth something by throwing words around
bko 5y ago
Some people may just like the concept and like collecting things and having a personal stake in projects. Do you have the same anger towards people who collect baseball cards? Think of all the billions wasted in printing and shipping little slips of paper with images on them.
- zeusk 5y ago
  No one goes around saying baseball cards are the future of internet. And I really care because these "investments" are sold/marketed to some of the most gullible "investors", my dad lost quite a chunk of change on alt-coins and nft.
  - trophycase 5y ago
    That's on your dad for being gullible. NFTs are the future whether you like it or not. The JPEG/MP4/HTML/(literally any non fungible asset) is the house. The blockchain is city/state. The NFT is the deed to that house. It's really quite simple.
    - skohan 5y ago
      This is a terrible analogy. A house is a finite asset which only one person can occupy at a time. An infinite number of copies of a JPEG can exist. The city/state has the power to enforce property rights. The blockchain does not. The NFT is just a note in a ledger somewhere which others may or may not respect. It's really quite simple.
      - aceazzameen 5y ago
        There's so many terrible analogies associated with NFTs and blockchains too. It all comes from their confirmation biases. They're already too invested into it to back out. It's too easy to become blind to any valid criticism, so might as well come up with as many analogies as possible to attempt to gather more recruits and justify their decisions.
      - cryptonym 5y ago
avinassh 5y ago
> ...NFTs are anything other than a thinly disguised vehicle for scams can you explain why they are scams?

> Investors Spent Millions on `Evolved Apes´ NFTs. ~~Then~~ They Got Scammed. What the title should be because let's not pretend NFTs are anything other than a

by Lev1a 5y ago

web2sucks 5y ago

This is like saying most websites are scams. Tokens are to web3 as websites are to web2.

BobbyJo 5y ago
I'd like to hear why you think that comparison makes sense. I don't see any way in which the two represent similar functions or parts. If your argument is based around a token being a sort of domain, then that's like comparing owning real land to owning land in an MMORPG. If your argument is around functionality that's like comparing a car to a parking spot.
skohan 5y ago
What does that even mean?
- trophycase 5y ago
  It means that tokens are one of the fundamental building blocks and foundational usecases of blockchain/web3. Are you even trying to understand, or just asking in bad faith? Because I know this website hates crypto which is just embarrassing.
  - skohan 5y ago
    Do you actually understand the value of any of that or are you just parroting something you read? What is web 3 and what concrete benefits will it provide?
    - trophycase 5y ago
      It automates and decentralizes the entire financial infrastructure of the world and creates consensus around and enforcement of digital assets outside of the control of single governments. If you can't understand why this is revolutionary and haven't bothered to try in the decade you've been given, I'm clearly not going to convince you. My only recommendation would just be to try it out for yourself or go and listen to someone much smarter than me, like Vitalik, speak about it himself.
  - agency 5y ago
    You’re right, crypto is deeply embarrassing.
    - trophycase 5y ago
      Nah, you're like all those newspaper articles back in the day arguing about the internet being useless. It's obvious but you just don't want to see it.
- zeusk 5y ago
  He "invested" bunch of his money on digital tokens, and now needs them to be worth something by throwing words around

bko 5y ago

Some people may just like the concept and like collecting things and having a personal stake in projects. Do you have the same anger towards people who collect baseball cards? Think of all the billions wasted in printing and shipping little slips of paper with images on them.

zeusk 5y ago
No one goes around saying baseball cards are the future of internet. And I really care because these "investments" are sold/marketed to some of the most gullible "investors", my dad lost quite a chunk of change on alt-coins and nft.
- trophycase 5y ago
  That's on your dad for being gullible. NFTs are the future whether you like it or not. The JPEG/MP4/HTML/(literally any non fungible asset) is the house. The blockchain is city/state. The NFT is the deed to that house. It's really quite simple.
  - skohan 5y ago
    This is a terrible analogy. A house is a finite asset which only one person can occupy at a time. An infinite number of copies of a JPEG can exist. The city/state has the power to enforce property rights. The blockchain does not. The NFT is just a note in a ledger somewhere which others may or may not respect. It's really quite simple.
    - aceazzameen 5y ago
      There's so many terrible analogies associated with NFTs and blockchains too. It all comes from their confirmation biases. They're already too invested into it to back out. It's too easy to become blind to any valid criticism, so might as well come up with as many analogies as possible to attempt to gather more recruits and justify their decisions.
    - cryptonym 5y ago

avinassh 5y ago

> ...NFTs are anything other than a thinly disguised vehicle for scams can you explain why they are scams?