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what are voats thoughts on nfts

submitted by Systemisgay to AskUpgoat 2.2 yearsFeb 19, 2022 10:57:07 ago (+7/-4)     (AskUpgoat)



19 comments block


[ - ] Splooge 4 points 2.2 yearsFeb 19, 2022 11:00:34 ago (+4/-0)

It's like any other fad asset, including the US Dollar. Its value primarily depends on the enthusiasm and irrationality of the masses and is therefore extremely vulnerable to the whims of the jew.

That doesn't mean it cannot ever be a good investment, but the mark of any good investment is having a solid exit strategy, and investment as a general activity is risky primarily because its benefits are almost entirely "trickle down" -- jews get theirs first (thanks to direct manipulation, insider info, etc.), whether or not it has to come out of your pocket.

[ - ] FacelessOne 3 points 2.2 yearsFeb 19, 2022 11:01:46 ago (+3/-0)

Fake and gay

[ - ] natehiggers 2 points 2.2 yearsFeb 19, 2022 11:03:47 ago (+2/-0)

Another ponzi scheme just like crypto or the US dollar

[ - ] brotherhero 1 point 2.2 yearsFeb 19, 2022 12:47:09 ago (+1/-0)

I prefer exFAT.

[ - ] oldblo 1 point 2.2 yearsFeb 19, 2022 11:34:59 ago (+1/-0)

The modern tulip bulb. There is a more sensible way to go about them but I wont say lest it happen.

[ - ] Cantaloupe 1 point 2.2 yearsFeb 19, 2022 11:32:27 ago (+2/-1)

Anything people can trade and value can be a value store. The nice thing about an NFT is an individual item can vary individually. There is potentially more risk or reward.

[ - ] Nosferatjew 0 points 2.2 yearsFeb 20, 2022 00:57:39 ago (+0/-0)

Gay.

[ - ] Ayylmao 0 points 2.2 yearsFeb 19, 2022 22:14:39 ago (+0/-0)

Psyop to discredit crypto.

[ - ] RecycledElectrons 0 points 2.2 yearsFeb 19, 2022 17:48:51 ago (+0/-0)

NFTs are a URL embedded in a blockchain that links to an image.

They are worth nothing.

Do you want to buy my WalMart receipt that I wrote a phone number on? If you call the number it plays a joke. It's only $40 million.

[ - ] frankenham 0 points 2.2 yearsFeb 22, 2022 20:07:52 ago (+0/-0)

My ex-gf's ex roomate and her boyfriend got into NFT's.

Apparently they just have a program that creates these images then they write up stories for the pictures, spams social media and then sell the images to people. She told us they made like $5k within a month just by selling these things.

Idk what the catch is but it's probably ultimately some kind of laundering front

[ - ] deleted 0 points 2.2 yearsFeb 19, 2022 17:47:26 ago (+0/-0)

deleted

[ - ] GloryBeckons 0 points 2.2 yearsFeb 19, 2022 17:34:59 ago (+0/-0)

An NFT is a really big number that you can "own" as long as everyone agrees that you "own" it.

My means of a mathematical formula, that number can be uniquely mapped to some digital asset, like a picture or a video. The formula is designed such that no other really big number maps to that exact digital asset.

If everyone agrees that you own the really big number then I guess they'll also agree you own the digital asset. Or at least that exact version of it.

Some people are willing to transfer a whole bunch of fiat points, from their account to yours, if you transfer ownership of your really big number to them. But only if they care about the digital asset that specific number maps to, and only as long as they think other people want to "own" it too.

If you like having lots of fiat points in your account, you may find opportunities to acquire some here. But first you'll have to give away some of yours. And then convince everyone that the really big number you bought is worth more than what you paid for it. And that it's worth more than nothing, for that matter.

Be wary of the fickle nature of people, what they care about, and what they can agree upon.

[ - ] HillarysBalls 0 points 2.2 yearsFeb 19, 2022 17:25:36 ago (+0/-0)

Niggers For Trade

[ - ] redgreenpill 0 points 2.2 yearsFeb 19, 2022 17:23:27 ago (+0/-0)

NFTs have no real utility, they don't even prevent digital copying. They are more like a title to some property, and just gives someone bragging rights.

But the technology used to make NFTs happen has value, since it can be used for actual useful things

[ - ] Spaceman84 0 points 2.2 yearsFeb 19, 2022 16:51:48 ago (+0/-0)

More useless than any shitcoin, just for money laundering and dumping on retards.

[ - ] veggy 0 points 2.2 yearsFeb 19, 2022 14:40:54 ago (+0/-0)

So.... bitcoin only has like 2 million slots on the block chain.

1.8 million or so have already been mined.

sometime this year all slots will be mined.

Now imagine if you have a spot on that blockchan (NFT) that can be ANY value. Just not what bc is trading at.

This this is the power of the NFT.

Its not the stupid .jpg, its the receipt. the .jpg is only a bookmark.

Think in five years, the power of that... in 10 years???



Of course BC can be regulated out of existence in mere moments... so there is that

[ - ] redgreenpill 0 points 2.2 yearsFeb 19, 2022 17:18:45 ago (+0/-0)

"sometime this year all slots will be mined."

Wrong.

[ - ] RomanSalute 0 points 2.2 yearsFeb 19, 2022 13:29:21 ago (+0/-0)

It's for quick flipping. Definitely not for long term investments.

[ - ] deleted 0 points 2.2 yearsFeb 19, 2022 11:45:17 ago (+0/-0)

deleted