Poll of the Day > Melania Trump to release NFTs...

(+) Yeah! (+)

https://finance.yahoo.com/news/melania-trump-launches-nft-venture-153821067.html?.tsrc=1026

Will you buy any? (Poll Question)

If I can afford any of them then fuck yes

She is terrible but money is money. Money can change shit. I hope all the people who buy them are wealthy immigrants who make a ton of money on the investment and publicly talk about how awful she is and the harm she has caused to some vulnerable communities.

In a world full of stupid nonsense that people waste ridiculous amounts of money on, NFT's have got to be some of the stupidest nonsense.

A scam artist doing the most effective current scam? How surprising.

NFTs are for real not that complicated Im not sure why the majority of people seem to be bending over backwards to intentionally refuse to learn or understand how they work and why they have value

UnMead posted...

NFTs are for real not that complicated Im not sure why the majority of people seem to be bending over backwards to intentionally refuse to learn or understand how they work and why they have value

They're literally a matter of paying money to receive a receipt saying that you paid money. It's a very secure receipt, so nobody else can claim to have paid for yours unless you sell it to them, but it's still nothing more than a receipt. The only thing you can do with it is sell it to somebody else, who can then proceed to similarly do nothing with it. Meanwhile, every one of these transactions consumes a buttload of electricity for the sake of all that nothing. They have value purely because people arbitrarily decided their FOMO was bad enough that they wanted to give them value.

UnMead posted...

NFTs are for real not that complicated Im not sure why the majority of people seem to be bending over backwards to intentionally refuse to learn or understand how they work and why they have value

You could say the same thing about sports.

Veedrock- posted...

You could say the same thing about sports.

sure, sports have a ton of value and capital that gets generated and keeps people employed and funded

if enough people agree that something has value, then it has value

UnMead posted...

NFTs are for real not that complicated Im not sure why the majority of people seem to be bending over backwards to intentionally refuse to learn or understand how they work and why they have value

The people buying them are in on the scam. They launder money amongst their group and pay the artists a commission to handle their dirty money.

Kyuubi4269 posted...

The people buying them are in on the scam. They launder money amongst their group and pay the artists a commission to handle their dirty money.

I don't think it's even that clever, overall (though I'm sure money laundering happens, as it does with the "fine art market"). There are just a lot of stupid people out there that don't want to be left out of an opportunity to spend money.

pionear posted...

Will you buy any? (Poll Question)

NFTs are lulwut, so no.

UnMead posted...

I hope all the people who buy them are wealthy immigrants who make a ton of money on the investment and publicly talk about how awful she is and the harm she has caused to some vulnerable communities.

...Mead says, oblivious to the fact Melania is a wealthy immigrant.

GanonsSpirit posted...

A scam artist doing the most effective current scam? How surprising.

Given she's probably the last person to cash in on it, I wouldn't put much blame on her.

Leave me the fuck alone Zeus

you dont have to put your slimy two cents in for every opinion I express

her being wealthy herself has fuck all to do with anything

Mead I agree with you on a lot of things but NFTs are bullshit money laundering schemes that are terrible for the environment

UnMead posted...

you dont have to put your slimy two cents in for every opinion I express

A little birdy told me that there was a time when you followed Zeus around and did exactly that. If you dont like getting it back from him then there is a block feature. Stop being a baby and use it.

That birdie was Zeus, who considerably exaggerated that. "Followed me around" translated roughly to "made a habit of disagreeing strongly with me whenever we crossed paths because we have fundamentally different world views." Generally speaking, whenever Zeus claims to be the victim of something, you should take that with several grains of salt.

UnMead posted...

sure, sports have a ton of value and capital that gets generated and keeps people employed and funded

if enough people agree that something has value, then it has value

Remember when everyone agreed that Beanie Baby's had value? The problem with NFT's is they haven't proven shit in the long term, do they have value today? Sure, but acting like they will have more value or the same as today 10 years from now is another matter entirely.

The likelihood that NFT's are a bubble is very high until they prove themselves over the long term.

No. Not that I'd buy them from anyone/anywhere else...

adjl posted...

That birdie was Zeus, who considerably exaggerated that. "Followed me around" translated roughly to "made a habit of disagreeing strongly with me whenever we crossed paths because we have fundamentally different world views." Generally speaking, whenever Zeus claims to be the victim of something, you should take that with several grains of salt.

and he has a habit of never, ever, letting someone he currently disagrees with post without following them around to repeatedly comment on the things they say even if they're tangentially related

so really it's just zeus shoving the stick in the spokes of the wheel and blaming someone else for it