5 ms·

> All thanks to and started by Ethereum. I think the scam goes all the way back to electricity and Edison! Its a little bit disingenuous to blame etherium for

> All thanks to and started by Ethereum. I think the scam goes all the way back to electricity and Edison! Its a little bit disingenuous to blame etherium for NFT, its like blaming email for nigerian prince spam.

vinnie-io 5y ago
it is though. an NFT is just a crypto currency with a total supply of 1. and ethereum contracts allow the creation
- me_me_me 5y ago
  > it is though. What is this? A game of 'it is', 'it isn't'? NFT is not a crypto with total supply of 1, its not even a crypto, its at best a by-product of crypto transaction.
doorman38 5y ago
Totally bro! Edison and Tesla were SO concerned about “scamming” money out of you (over a 100 years ago). That makes total sense….lol. Mind you they were rich AF too. That’s absolutely hilarious, I’m sorry. But you’re right about NFT’s not being ETH’s fault by the way, on that I agree with you. But it still happened. By the way, why (like in all reality if being brutally honest) did we need to have NFT’s to begin with? The answer is we didn’t. People saw a “get rich quick opportunity” (even though very wrong), and went after it. That does not make it right or give it a real world use case, sorry, it really doesn’t. Yet, on the flip side, I pay my rent, most of my utility bills, and basically all purchases (Amazon, eBay, Uber/Uber Eats, Airbnb, American Airlines, and about ten others that compromise about 90% of all them) with Bitcoin (BTC). And that takes me about 5 minutes. Is that not real world? If not, please enlighten me, what is then?
- me_me_me 5y ago
  I am not defending NFTs, just saying that you cannot blame technology for what it was used for. Nuclear fission was the idea/tech, it was used to create A-bombs, and clean nuclear energy. Nuclear fission like smart contract is an idea, how its used it up to people.
rvz 5y ago
> Its a little bit disingenuous to blame etherium for NFT, its like blaming email for nigerian prince spam. Except that the law and regulations are always behind once the early technology has been introduced, with early adopters getting themselves burned, sued or encountering significant losses - Hence the DAO hack of 2016. That is the reason why ICOs are now regulated. Did you really think that the SEC would do nothing and sit there and let the 2017 carnage continue? NFTs are no different and that technology (like tokens) will be subject to regulations. The same with email and electricity but by other regulatory standards.
- me_me_me 5y ago
  > Except that the law and regulations are always behind once the early technology has been introduced, with early adopters getting themselves burned, sued or encountering significant losses - Hence the DAO hack of 2016. That is the reason why ICOs are now regulated. How does this has anything to do with how technology was implemented? I am not defending NFTs nor fighting regulation. I am saying that you cannot blame ether's smart contracts for creation of NFT.

vinnie-io 5y ago

it is though. an NFT is just a crypto currency with a total supply of 1. and ethereum contracts allow the creation

me_me_me 5y ago
> it is though. What is this? A game of 'it is', 'it isn't'? NFT is not a crypto with total supply of 1, its not even a crypto, its at best a by-product of crypto transaction.

doorman38 5y ago

Totally bro! Edison and Tesla were SO concerned about “scamming” money out of you (over a 100 years ago). That makes total sense….lol. Mind you they were rich AF too. That’s absolutely hilarious, I’m sorry. But you’re right about NFT’s not being ETH’s fault by the way, on that I agree with you. But it still happened. By the way, why (like in all reality if being brutally honest) did we need to have NFT’s to begin with? The answer is we didn’t. People saw a “get rich quick opportunity” (even though very wrong), and went after it. That does not make it right or give it a real world use case, sorry, it really doesn’t. Yet, on the flip side, I pay my rent, most of my utility bills, and basically all purchases (Amazon, eBay, Uber/Uber Eats, Airbnb, American Airlines, and about ten others that compromise about 90% of all them) with Bitcoin (BTC). And that takes me about 5 minutes. Is that not real world? If not, please enlighten me, what is then?

me_me_me 5y ago
I am not defending NFTs, just saying that you cannot blame technology for what it was used for. Nuclear fission was the idea/tech, it was used to create A-bombs, and clean nuclear energy. Nuclear fission like smart contract is an idea, how its used it up to people.

rvz 5y ago

> Its a little bit disingenuous to blame etherium for NFT, its like blaming email for nigerian prince spam. Except that the law and regulations are always behind once the early technology has been introduced, with early adopters getting themselves burned, sued or encountering significant losses - Hence the DAO hack of 2016. That is the reason why ICOs are now regulated. Did you really think that the SEC would do nothing and sit there and let the 2017 carnage continue? NFTs are no different and that technology (like tokens) will be subject to regulations. The same with email and electricity but by other regulatory standards.

me_me_me 5y ago
> Except that the law and regulations are always behind once the early technology has been introduced, with early adopters getting themselves burned, sued or encountering significant losses - Hence the DAO hack of 2016. That is the reason why ICOs are now regulated. How does this has anything to do with how technology was implemented? I am not defending NFTs nor fighting regulation. I am saying that you cannot blame ether's smart contracts for creation of NFT.