Did anyone here ever buy an NFT? If so, what have your experiences been?
I know a guy who won a few grand playing Three Card Monte, are you saying it's a scam?
So, not you?
Not even some guy on the net, but some guy on the net's mate?
Hmm, seems legit....
What does that prove? What is your point?
That's like saying "my mate made money off of a pyramid scheme". Ok. So should everyone get involved in them?
I agree with this. I deal in crypto and have started to do my own development on blockchains.
You're right, the entire space is full of chancers and scam artists from the rug pull shitcoins to Elon Musk pumping bitcoin so Tesla can sell 10% of their holdings to "test liquidity" (make their quarterly earnings green instead of red due to "digital asset sales") then pulling it and crashing the price and burning a bunch of people in the process.
I will say this. The technology itself, outside of using currency but the underlying Blockchain concepts and even NFT concepts have use cases. It's surprisingly easy to deploy your own Blockchain and inject data into it, it's like a large distributed database but instead of having a qurom of say 3 out of 5, the entire infrastructure has visibility of transactions and secures it this way.
Anyway, yeah if anyone is thinking of buying NFTs best of luck.
It's a scam. You don't own any image or media, all you own is a URL with no intrinsic value.
That voucher is a Fungieable Token...
Let us know if you find Fungie.
Remember yer man that was selling plots of land on the Moon ?
Imagine there was a bunch of estate agents pumping up the prices so they could make more commission on reselling bits of paper that no one could use.
Over the years the Dept of Education has stashed away millions of crayon drawings made by primary school kids.
When the time is right they'll release them on the market to pay off our national debt.
Everyone of them is intrinsically more valuable than an NFT because they are a physical object hand made by someone who couldn't reproduce them to save their life because they are now a very different person. To turn them into "genuine" NFT's all you need is a large scanner with a proper document feeder.
And then you scan them again because if pages don't line up exactly the new scans will have a different checksum and you can sell the new set because they are different unique NFT's. (Now I'm curious as to how often you can scan a blank page at high resolution before you get matches.)
I’m sure plenty of “creators” have made money, making money after buying one relies on the greater fool theory.
Do you want paying by money transfer or bitcoin to arrange delivery?
Many people have and will continue to make money from crypto and NFTs. Many more will lose money from them because of it.
NFTs in particular are basically a pyramid scheme. Those who have and make them need far more people to buy into them in order to make their money, so they create hype and artificial value to make people see it as an investment (which is particularly important given that most of the common NFTs are bullsh*t computer-generated variant drawings with no inherent value themselves, as you're not buying the easily-replicated drawing, you're buying the receipt; your name on the blockchain). And when some are selling, it's easy to just create more new ones and sell those too, until eventually the market is saturated with them, they lose their value, and the ones left owning them are like the people at the end of the worlds dumbest game of pass the parcel.
The people at the top, given that it costs almost nothing to create and sell the NFTs to begin with, will be long gone with the money, and several other tiers below will have profited nicely or at least broken even, but there'll be a lot of people caught up in the hype at the bottom who will have lost a fair chunk of money.
Given how popular NFTs have suddenly become and how many organisations are putting their own out there, the time for being in the upper tiers has passed. Chances are that buying into NFTs now, you'll be one of the pricks at the bottom.
I don't want to give away your location, but I am sure I work in your local sorting office. I've seen and played (sorry) that guitar, the parcel is being held here as it didn't have the correct airmail sticker on it.
Yes buy a mediocre jpeg image and a link on a blackchain, to say joe bloggs owns image jpeg.560777773344 that can be copied by anyone ,most of crypto is a scam unless you are an russian oligarch who needs to transfer money from your bank before it gets frozen by america or eu regulators.or maybe crypto is a greater fool scam eg i,ll buy this for 1000 maybe someone else will buy it from me for 3000 euros.look up tulip mania in the 1800s ,people paid 50 pounds for tulips to sell them on .or beanie babys in the 80s which are now worth nothing. a few years ago it was vr or esports , it turns out theres very little money to be made in esports its all paid for by sponsors .A few programmers can make a cryto coin, call it something weird or trendy and some people will buy it. bitcoin has value because theres a limit to how many coins can be made.its useful for drug dealers , to find a way of sending money around the world.Or else as a way for hackers to get paid by companys they hack . I,m not saying people are not making money by nfts
The art world is used to launder money and theres rich people will buy anything that has the right brand name logo or is getting promoted by someone famous.
Why ask then? You already know more than most of us.
Make no mistake there is people making huge money off NFT's.
You need to have got in early about a year ago and you'd have been golden.
I personally think there was so much money injected in to the economy since the start of pandemic that so much of it made its way into crypto and NFT's.
I will be personally waiting for a big downturn in the economy to think about investing in stocks cryptos NFT's.
Prices are out of control inflated at the moment.
I personally know someone who made 52k from buying and selling a few NFTs in 2020-21, so I doubt he thinks his money is burned.
Imagine paying someone money for a procedurally generated picture of an ape and a link to a reference in some blockchain?
The whole cryptocurrency space is filled with scumbags, fraudsters and sociopaths ripping off some of the dumbest people on this planet.
Got a voucher for a boat trip out of dingle before the pandemic, it's still valid but...
I was going to, but I decided to buy an air guitar instead, which was signed by Jimmi Hendrix. Or so I'm told, it hasn't actually arrived yet. Every time after I sent the money that I've called the seller, he just laughs and hangs up.
If you’re thinking of getting one just send me the money and I’ll burn it for you.
![Photo of [Deleted User]](https://w2.vanillicon.com/v2/2ac2e9d82cba49584e6b3394d0993024.svg)
![Photo of [Deleted User]](https://we.vanillicon.com/v2/eaabbaf8a16773590ee22dd6c15f1d68.svg)
![Photo of [Deleted User]](https://w0.vanillicon.com/v2/0c95fbacfd3f8db330cceee65321bca3.svg)
