11 ms·
Keanu Reeves Thinks NFTs Are a Joke
- LuisMondragon 5y agoThere is something worse than appeal to authority: appeal to non-authority.
- pictur 5y agonft is the most legit scam you will ever see in your life.
- ggm 5y agoWe all knew he's a nice man: This shows he's also a smart man, and doesn't want to be part of a long con.
- joshxyz 5y agoThanks based Neo.
- errcorrectcode 5y agoThey should've been called TMAs - Throwing Money Away. If you can't trust the system that processes it, the durability of it, the exchanges, or it lacking any intrinsic liquidation value, then it's TMA.
- LinuxBender 5y agoI've heard a similar phrase in the antique trade, "Old stuff, found new money"
- williamtrask 5y agoAn old dresser is still often useful as a dresser.
- LinuxBender 5y agoIt is for sure. If the price matched "an old dresser" I would probably buy it too. If that old dresser costs $12k because it was made during the great depression then I will let someone else buy it.
- joelbondurant 5y agoObviously hyperlinks to AWS S3 on Dogecoin is the future of home ownership.
- heybecker 5y agoThere is no spoon. Just a hash of a jpeg of a spoon on a blockchain.
- Bombthecat 5y agoI don't get it either. I understand that there are legit use cases for nfts.. But this stuff is insane.. Links to pictures selling for thousands of dollars.. Sometimes i think im just too stupid and maybe its just a new generation and instead of spending thousands of dollar for Gucci it goes to nfts..
- djohnston 5y agoAt least NFTs have a lower environmental cost than luxury goods.
- chheplo 5y agoAt least you can use the goods for something
- nwah1 5y agoNo, there are not legit uses. It is for money laundering. The speculation is a side show. Although the speculation isn't legit either.
- slmjkdbtl 5y agoIt's genius in the way that it's a once in a life time opportunity for cash grab, there are tons of people willingly waiting to be exploited to buy your make-believe scarcity, you just need a good story not even a good product.
- deleted 5y ago[deleted]
- zzzbra 5y agounderrated reply
- 5y ago
- 1cvmask 5y agoEt tu Keanu… From the man who starred in the metaverse movie The Matrix. Then again Caesar never saw it coming from Brutus.
- kamray23 5y agoyou do realise the matrix is a horrible dystopia in which all of humanity is enslaved and deceived, though probably not the best comparison to make
- skinnymuch 5y agoThe new Matrix is coming out in 10 days
- winternett 5y agoJust like as with social media, if you're popular, you stand to make some money at the possible loss of your credibility... But if you're a normal everyday Joe like me, it's like trading baseball cards... I don't know s*it about baseball, so I better not buy and trade them, and nothing I've got in my pocket has any value in that game. :\
- hresvelgr 5y agoI think NFTs are fine. If you don't like the culture, don't buy in. My gripe is that the majority being sold are tasteless. I don't think NFTs have a bad name because of what they are, they have a bad name because they perfectly encapsulate our materialistic culture and have the corresponding societal malaise that comes with it. So if you want to cast a stone, I would look inward first, because we all play a part in how our culture mutates.
- vimacs2 5y agoThey're "fine" to the extent that the vacuum is fine - they are complete non-entities with zero worth beyond what grifters and idiots attribute to them. I will cast a hail of stones on the concept of copyright gone (even more) batshit insane with absolutely no hesitation.
- hresvelgr 5y ago> I will cast a hail of stones on the concept of copyright gone (even more) batshit insane with absolutely no hesitation. I dislike DRM as much as the next guy, but DRM had pirates, and NFTs have right-clickers. The problem with DRM, particularly on games, is that it restricted access. Most NFTs are still just images and basic media and don't have any impediments to distribution. I think someone getting sued because they used someone's NFT as a twitter DP will probably happen. What comes of that will be interesting to say the least. edit: oxymoron correction
- vimacs2 5y agoThat's exactly why I'm throwing the stones. Most corporations are still merely observing NFT's from a distance but if it gets any traction and more companies start embracing it, the next step will be to legislate this fantasy into legal reality. It's everything wrong with late stage capitalism consolidated into one and we all know that the people with power will salivate at the prospect of more money for less tangible value.
- 0xcde4c3db 5y agoDo most NFTs even actually claim to represent a legally actionable copyright transfer or license, or is that all implied? I was under the impression that it was the latter.
- winddude 5y agoNFTs are technically good, with strong fundamentals, and real world applications, the same way ICOs were. But the way they are used has been absolute shit, and nothing sort of utterly useless.
- deleted 5y ago[deleted]
- vimacs2 5y agoWhat are these "real world applications", pray tell?
- bicx 5y agoNFTs don’t have to be digital assets. They can represent ownership or a share of ownership of something unique, like a piece of real estate. All depends on what can be legally recognized as part of the contract.
- vimacs2 5y agoI'll grant you that but we already have something that represents ownership in the real world - contracts. I'm not clear what advantages NFTs bring to the table for non-digital assets.
- jazzyjackson 5y agoI lean in the same direction, I thought ICOs were a very cool way to replace kickstarter: raising funds, staking ownership, if some enterprise was successful you could even sell your share at market value, or cash out early if you're starting to doubt the campaign's ability to ship the product (if you can find someone willing to take the risk at a lower price) Unfortunately even more than that they lend themselves to raising funds for vaporware, and I don't think there was a single ICO that actually resulted in a real-world product. NFTs are essentially a reboot of ICO, except instead of a million tokens each representing a small percentage of ownership, you sell a single token representing 100% ownership. I think they could still be used to fund artists (I think of them more as patronage than trading cards), but very few artists are actually raising funds this way, the market is almost entirely trash being wash traded and plots of land in metaverses that don't exist yet. I think they will suffer the same fate I see in crypto over and over again, any legitimate use case is totally overwhelmed by the number of scams, makes the whole thing wholly unattractive to participate in.
- hermitsings 5y agoWell they are. Hyperfinancialization of replicative-stuff-made-unique-by-algorithmic-randomization-and-blockchain-hash-using-computers.
- Slow_Hand 5y agoNothing against Keanu Reeves, but why is his opinion about NFTs worthwhile news to anyone? The story isn't inconveniencing me in any way, so I should let it go and move with my life, but I can't help but feel that stories of this nature are nothing more than noise; useless, trashy noise that clogs our minds and doesn't add value to anyone other than a magazine editor who needs to cover SOMETHING for engagement's sake, and possibly a PR team for an upcoming movie.
- dartharva 5y agoKeanu, or literally any famous celebrity's word has more impact solely because they are a celebrity. Much more people will be interested to know what he thinks than what you and I think about NFTs. It sure seems asinine considering he is no expert in the field, but that's just how it is. Fame trumps expertise when it comes to having your voice heard.
- b20000 5y agothis happens with celeb developers too
- libertine 5y agoOr better yet, everyone is entitled to an opinion, and he has is own opinion since he's being associated with some NFT project - so at bare minimum someone briefed him about it, best case scenario, he actually studied it enough to have an educated opinion. You don't need to know how to program smart contracts to have an opinion on NFTs, and the guy has been around and knows what fads and trends look like, and probably has dealt with these types of concepts from the whole Matrix culture around it. Plus we all know NFTs survive on hype, and he knows how hype works. Does this make him an opinion leader? I don't think so, but he does have an opinion apparently and thinks people shouldn't take these NFTs seriously.
- oliwarner 5y agoWe encourage celebrities to engage with other PSAs, why not encourage then to stand up against something that is so clearly a fraud? The more people taking about what "crypto" really is, the better. It's nice to have bit of balance when so many teams and other celebrities have been so quick to cash in here. A PSA isn't news, but is everything that isn't news just noise?
- thoraway66 5y agoIf you don’t place a financial value in them, to me they’re like a domain name where this decipherable object always resides Money is ephemeral and the Fed seems to have no issue reproducing it It’s not like producing, storing, real currency has zero environmental impact, or banking computers use zero energy Nice guy bad actors are everywhere, I’ve pirated The Matrix every time I want to watch it; never have paid to see it outside the original theater run. Whoa.
- darthrupert 5y agoKeanu Reeves Knows NFTs Are A Joke
- RichardHeart 5y agoNFTs: Overpaying for serial numbers loosely related to jpgs which may or may not still be hosted on the internet.
- simonblack 5y agoAnd he's right.
- aquir 5y agoNot just him...NFTs are a new way to spend money for useless things. At the other day one of the good podcasts the guys bought a new title theme/song and he said: this is the NFT that you are listening to! So you bought an NFT and not a theme song??? Just calling things differently?
- yenwel 5y agoI do think NFTs are a bubble now. By investors that think that one NFT is worth the same as the next one minted while it is just the exact pointe that they are not interchangeable. You don't get a piece unique with significant history attached. Mondriaan, Van Gogh and Monet were innovators now it is just a deep learning gan style trick. I do see the value of NFT in asset tracking of unique pieces to provide transparency, fairness and safety in supply chains.
- QuadrupleA 5y agoLike another commenter said, you can do the asset tracking with digital signatures (owner signs that they've handed it off) you don't need blockchain, mining farms burning a small countries' worth of electricity, etc.
- yenwel 5y agoif you ever worked at the bottom of a supply chain you would understand that there are currently major issues with gatekeepers levying high margins (note I grew up on a industrial farm). If a farmer could sell his product under a smart contract that garantueed a percentage of the transaction costs flowed back to him and end consumers would have greater transparency into the origin of its product their would be a nett societal benefit. Minig farms blablabla, you can use other proofs for verification (proof of stake) or scale it with zero knowledge proofs
- QuadrupleA 5y agoI don't know the specifics but most suppliers don't want to deal with the hassle of retail and marketing, so it makes sense for distribution / retail gatekeepers to charge a fee. And smart contracts aren't going to magically guarantee someone will buy your corn. Moreover, ETH transactions often run in the $100+ range now, mind-bogglingly expensive and inefficient. Those fees pay miners to waste electricity, hoard silicon, and scorch the earth. Ethereum has been switching to proof of stake "any day now" since it's inception 6 years ago. And even if they actually pull it off I don't see why staking $20k of crypto to participate is somehow better or more fair than spinning up a $4/month cloud VM to manage a 1000x more efficient, fast, and effective supply chain database with digital signatures. There's a lot of utopian handwavey BS around crypto, but it seems to be turning out like other magic utopian solutions in human history (gurus, communism, etc.). Wish people would divert this time and energy into things that actually benefit society.
- dartharva 5y agoProbably not the right place to comment this but man, it was amusing to see Carrie-Anne just sitting there smiling silently for so long, while Keanu and the interviewer go into long engaging dialogues about things she apparently has no idea about. An apt comment down below: >Carrie-Ann Moss is every parent listening to their child talk about their cool new hobby.
- awill88 5y agoIt’s irritating to constantly read so many articles devolve into attacks on the blockchain itself, indirectly blaming the proof of work algorithm and the amounts of energy it uses. It’s always the same theme, oh this stuff is silly, oh and it’s destroying our planet too, what a terrible thing. The tone comes off as we’re here to tear down a side effect of decentralized authenticity and once exposed as a sham, we’ll go ahead and attack the technology itself.. it’s frustrating is all and counterproductive if you ask me. FWIW, I think the value of NFTs are ridiculous but the idea is cool. It just sucks seeing tabloid bullshit driving discussions about a ingenious technology and what’s left is a bunch of thrashing comment threads expressing for or against, for or against.. gets old.
- rhinoceraptor 5y agoIn practice there really is no valid use case for a blockchain. Sure, the idea of a distributed, trustless ledger is clever. But in practice the only people able to run full nodes and do transactions are the big stakeholders, either in terms of PoW mining pools or whatever proof of stake model is “totally coming soon”. The transaction fees and excruciatingly small transaction throughout make on-chain transactions impractical for ordinary transactions, so now you’re back to running transactions through centralized exchanges, which undermines the security of the trust model.
- NetOpWibby 5y agoWelcome to the Internet. That’s always gonna be something people are vehemently opposed to, and most people won’t go deeper than surface level to understand what they’re against.
- awill88 5y agoIt’s funny because when I think about that, it makes me go, damn, is that the destiny of all speech and interaction between people on the internet? Regardless of our attempts to bring brilliance and added dimension to our existence and social constructs, at the end of the day, in its current form, argumentation and personalities on the internet get reduced down to binary forms, physically, logically, spiritually.
- Borrible 5y agoReeves seems to be an overall great guy, maybe he likes this: https://www.aljazeera.com/news/2021/12/12/malaysian-artists-earn-freedom-to-be-creative-with-nfts https://www.aljazeera.com/news/2021/12/12/malaysian-artists-... There is always a buck to be made by pleasing the mind. I think religion is a joke, who cares? What is value anyway?