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> Did you know that a NFT is just a hyperlink to an image thats usually hosted on Google Drive or another web2.0 webhost? People are dropping millions on instru

> Did you know that a NFT is just a hyperlink to an image thats usually hosted on Google Drive or another web2.0 webhost? People are dropping millions on instructions on how to download images. That's why you can right click save—as because they are standard images. The image is not stored in the blockchain contract. As web2.0 webhosts are known to go offline (404 errors) this handy torrent contains all of the NFT's so that future generations can study this generations tulip mania and collectively go... "WTF? We destroyed our planet for THIS?!"

A4ET8a8uTh0 5y ago
I chuckled pretty hard. Thank you for this.
labster 5y ago
But we created a lot of shareholder value, and in the grand scheme of things it was only one planet.
- bloudermilk 5y ago
  This is hilarious. Is it a quote from something? Sounds like something Douglas Adams would write
  - seqizz 5y ago
    Reminds me this cartoon: https://pbs.twimg.com/media/B5-lDJWCUAAwfya?format=jpg&name=small https://pbs.twimg.com/media/B5-lDJWCUAAwfya?format=jpg&name=...
    - labster 5y ago
      I saw that cartoon a couple months back so it’s definitely part of my thinking process. I had also reread the SSC Non-Libertarian FAQ last night. And I was also reading this comment https://news.ycombinator.com/item?id=29270444 https://news.ycombinator.com/item?id=29270444 and started thinking about how many of the technologies we ascribe to human inventors had to have been invented millions of years ago by some alien somewhere. And then I deleted the bit I wrote about corporations being paperclip optimizers, because it wasn’t funny, but unfocused. Kill your darlings; keep comedy to the point. And of course, I let my mind wander — comedy is found in the gaps between expectation and reality.
  - deleted 5y ago
    [deleted]
PretzelPirate 5y ago
I’m not a fan of art NFTs and think this is cool, but NFTs aren’t about art, this is one application of NFTs that’s gotten way overhyped. This is like saying that the internet is a thing you buy to access Facebook - accessing Facebook is one thing you can use the internet for, but it wasn’t designed for that and you’d be better off avoiding that site altogether.
- nix0n 5y ago
  What are the other applications of NFTs?
  - gonehome 5y ago
    Urbit IDs are the quickest example. NFTs can basically act as identity tokens that prove community membership. They can optionally have art as part of that (like BAYC), but they can also allow access to systems (like the Urbit network). This opens up a lot of potential interesting things, if you can have ID ownership that's on a public ledger that you can then rely on for access to different systems that'd be pretty interesting. I think they're pretty cool and while I was initially skeptical of the art stuff, it's interesting to see artists get money from creating things (even via resale royalties) - the best ones are leveraging that to build communities around their NFTs (events, more art, etc.) - like a club. Ownership and value are weird things anyway - especially around art. Partly tied to scarcity, partly status, social value etc. People can sneer and dismiss NFT art, but a lot of value outside of NFTs is determined by shared perception and artificial scarcity/status anyway.
- jeremyjh 5y ago
  I'd love to learn about the useful real world application of NFTs that aren't overhyped.
  - pkulak 5y ago
    Concert/event tickets. Titles/deeds, anything where you need to prove ownership of something. Proving you own a JPEG is a bit silly. Proving you paid for seat 4, row 10, section 8 on November 18, 2021 seems useful.
coolspot 5y ago
Also > IF YOU LIKE THESE NFTS, PLEASE BUY IT. > THE ARTISTS PARTICIPATING IN FRAUD DESERVE SUPPORT! (c) https://github.com/ghuntley/thenftbay.org https://github.com/ghuntley/thenftbay.org
evergrande 5y ago
That's a Twitter level of undertstanding. Did you know not all NFTs are just a hyperlink to an image? Did you know that NFTs can give a % of every sale to the original artist in perpetuity? Without relying on a company that can deplatform you or change the rules at any time. Imagine this use case with other things too, like music. On web2 music artists only get 18% of the revenue. Spotify gets 33%. The music industry takes 49%. Web3 flips the script. Artists get 95%, the rest are fees. Did you know that NFTs have other use cases than art? e.g. https://ens.domains https://ens.domains Did you know that technologies tend to get more efficient over time? Did you know many NFTs are on Solana which is already energy efficient? Ethereum is slated to be there next summer. <insert delay joke here>
- Gigachad 5y ago
  There is nothing that stops artists selling music directly and getting close to 100% profit. You don't need blockchains or "web3". The thing is that labels and spotify actually provide a valuable service that artists mostly choose to use. People constantly devalue the real work that these "middlemen" are doing, pretending that the artist is doing it all. The label provides marketing, mixing, advice, etc which all boost the final profits of the music. Spotify provides technology, marketing, consumers, billing, distribution, etc which all boost the reach of the music. But there is nothing stopping you from making music with no label, and putting it on bandcamp to sell directly.

A4ET8a8uTh0 5y ago

I chuckled pretty hard. Thank you for this.

labster 5y ago

But we created a lot of shareholder value, and in the grand scheme of things it was only one planet.

bloudermilk 5y ago
This is hilarious. Is it a quote from something? Sounds like something Douglas Adams would write
- seqizz 5y ago
  Reminds me this cartoon: https://pbs.twimg.com/media/B5-lDJWCUAAwfya?format=jpg&name=small https://pbs.twimg.com/media/B5-lDJWCUAAwfya?format=jpg&name=...
  - labster 5y ago
    I saw that cartoon a couple months back so it’s definitely part of my thinking process. I had also reread the SSC Non-Libertarian FAQ last night. And I was also reading this comment https://news.ycombinator.com/item?id=29270444 https://news.ycombinator.com/item?id=29270444 and started thinking about how many of the technologies we ascribe to human inventors had to have been invented millions of years ago by some alien somewhere. And then I deleted the bit I wrote about corporations being paperclip optimizers, because it wasn’t funny, but unfocused. Kill your darlings; keep comedy to the point. And of course, I let my mind wander — comedy is found in the gaps between expectation and reality.
- deleted 5y ago
  [deleted]

PretzelPirate 5y ago

I’m not a fan of art NFTs and think this is cool, but NFTs aren’t about art, this is one application of NFTs that’s gotten way overhyped. This is like saying that the internet is a thing you buy to access Facebook - accessing Facebook is one thing you can use the internet for, but it wasn’t designed for that and you’d be better off avoiding that site altogether.

nix0n 5y ago
What are the other applications of NFTs?
- gonehome 5y ago
  Urbit IDs are the quickest example. NFTs can basically act as identity tokens that prove community membership. They can optionally have art as part of that (like BAYC), but they can also allow access to systems (like the Urbit network). This opens up a lot of potential interesting things, if you can have ID ownership that's on a public ledger that you can then rely on for access to different systems that'd be pretty interesting. I think they're pretty cool and while I was initially skeptical of the art stuff, it's interesting to see artists get money from creating things (even via resale royalties) - the best ones are leveraging that to build communities around their NFTs (events, more art, etc.) - like a club. Ownership and value are weird things anyway - especially around art. Partly tied to scarcity, partly status, social value etc. People can sneer and dismiss NFT art, but a lot of value outside of NFTs is determined by shared perception and artificial scarcity/status anyway.
jeremyjh 5y ago
I'd love to learn about the useful real world application of NFTs that aren't overhyped.
- pkulak 5y ago
  Concert/event tickets. Titles/deeds, anything where you need to prove ownership of something. Proving you own a JPEG is a bit silly. Proving you paid for seat 4, row 10, section 8 on November 18, 2021 seems useful.

coolspot 5y ago

Also > IF YOU LIKE THESE NFTS, PLEASE BUY IT. > THE ARTISTS PARTICIPATING IN FRAUD DESERVE SUPPORT! (c) https://github.com/ghuntley/thenftbay.org https://github.com/ghuntley/thenftbay.org

evergrande 5y ago

That's a Twitter level of undertstanding. Did you know not all NFTs are just a hyperlink to an image? Did you know that NFTs can give a % of every sale to the original artist in perpetuity? Without relying on a company that can deplatform you or change the rules at any time. Imagine this use case with other things too, like music. On web2 music artists only get 18% of the revenue. Spotify gets 33%. The music industry takes 49%. Web3 flips the script. Artists get 95%, the rest are fees. Did you know that NFTs have other use cases than art? e.g. https://ens.domains https://ens.domains Did you know that technologies tend to get more efficient over time? Did you know many NFTs are on Solana which is already energy efficient? Ethereum is slated to be there next summer. <insert delay joke here>

Gigachad 5y ago
There is nothing that stops artists selling music directly and getting close to 100% profit. You don't need blockchains or "web3". The thing is that labels and spotify actually provide a valuable service that artists mostly choose to use. People constantly devalue the real work that these "middlemen" are doing, pretending that the artist is doing it all. The label provides marketing, mixing, advice, etc which all boost the final profits of the music. Spotify provides technology, marketing, consumers, billing, distribution, etc which all boost the reach of the music. But there is nothing stopping you from making music with no label, and putting it on bandcamp to sell directly.