NFT's the why....

[Vegita-San]

Can someone explain to this old person just WHY NFT's are even a thing?

It's a digital item. you don't own it. about the only thing NFT's do is make sure that no one else can, and even that is impossible in the day and age of the internet data hoarding.

I also don't understand how they damage the environment. why do they need to be 'mined?'

[Coola Yagami]

I can even copy a NFT and save it as a gif, and like, for free. So much for them owning it.

They're rubbish.

[IMJ]

It's a record of ownership that validates and authenticates a digital piece as the original. Right now the technology is being used for art, but the implications go a lot deeper than that.

I can understand why many people would not "get it", but to disregard NFT's because of the cognitive dissonance that "you could just swipe it" is shortsighted.

NFT's are absolutely the future for almost every form of ownership.

[Jephael]

Whatever the hell they are, people on Twitter are sure up in arms about it!

[Coola Yagami]

Originally Posted by IMJ

It's a record of ownership that validates and authenticates a digital piece as the original. Right now the technology is being used for art, but the implications go a lot deeper than that.

I can understand why many people would not "get it", but to disregard NFT's because of the cognitive dissonance that "you could just swipe it" is shortsighted.

NFT's are absolutely the future for almost every form of ownership.

That's just dumb and the people that came up with that idea need to be wiped out.

This is a dangerous slippery slope I want not part of.

[sdp]

There's a lot of misinformation of what NFTs are and yet people are so inclined to hate it, which is normal people hate what they don't understand, but I'd just say inform yourself.

here are some tweets going over some NFTs misconceptions:
https://twitter.com/wearvear/status/1480582477030862865
https://twitter.com/wearvear/status/1480579069985001472
https://twitter.com/wearvear/status/1480576311068438530
https://twitter.com/wearvear/status/1480575523759792135

but yeah, educate yourself about NFTs is all I'd say. I don't need to convince you or anyone, NFTs are the future whether you like it or not. And when you use them you won't even know you're using NFTs just like you don't need to know how your car works but it gets you to your house every day.

Originally Posted by Vegita-San

Can someone explain to this old person just WHY NFT's are even a thing?

Its a technology, people don't understand it yet they have very strong opinions about it based on hit pieces by sites wanting to get clickbait clicks. A lot of misinformation is out there and generally people are afraid of new things.

It's just a new technology basically, but for example something that you might find useful would be selling your 3D models you've created to be 3D printed in an easier way and when people share those models you could continue to get paid, no one would be stealing your hard work.

Another example is if you like video games you could buy say a skin of a TMNT Raphael Mask, but you'd be able to use it in ALL of your games because you own it. Instead of buying that same Turtles outfit for every game that has it, you'd be able to only buy it once and take it anywhere you want. Right now when you buy a skin from a game you technically don't own it, the company you bought it for owns it and lets you use it and if they shut down the game your item that you bought is gone and there's nothing you can do about it. With an NFT of that item you'd be able to continue to use it even if that game shuts down and take it anywhere you want.

It's a digital item. you don't own it. about the only thing NFT's do is make sure that no one else can, and even that is impossible in the day and age of the internet data hoarding.

That's what NFTs are, if makes digital goods scarce, and the possibilities that you can do with that are endless. It's like describing the internet as "It's a way for everyone in the world to communicate", yes that's true but as we've seen the things we can do by communicating are endless.

I also don't understand how they damage the environment. why do they need to be 'mined?'

NFTs are not mined, that's cryptocurrencies. NFTs are minted, which at the end of the day both are just fancy tech terms to say "created". They use Blockchain technology which can use a lot of electricity. Now they damage the environment is really just a half truth by critics. Trust me I love nature and can spend hours with articles about the environment.

There are some concerns, however as with every technology things evolve for the better and there's tons of eco friendly blockchains that deal with this issue. Not to mention if we start comparisons on how much of an environmental foot print current forms that NFTs are replacing NFTs don't seem so bad for the ecology. It's like those people who say that recycling is ******** because it uses more energy than not recycling so we should just stop recycling and keep burning trash.

Originally Posted by Coola Yagami

I can even copy a NFT and save it as a gif, and like, for free. So much for them owning it.

They're rubbish.

Well you can download video games for free, so much for owning it.

You can't right click and save a house though but with NFTs you'd be able to buy a house and save yourself thousands of dollars in middle men costs and it'd be safer for example. If you're an artist for example a musician, you can make a song and every time someone plays the song you'd get royalties.

Originally Posted by Coola Yagami

That's just dumb and the people that came up with that idea need to be wiped out.

This is a dangerous slippery slope I want not part of.

What exactly do you consider dumb? What is the dangerous slippery slope you speak of? If you write your concerns I can tell you if they are legitimate or not.

[Andrew NDB]

They're going to send us spiraling into a climate crisis!

https://www.wired.com/story/nfts-hot...earth-climate/

https://www.theverge.com/2021/3/15/2...climate-change

https://www.cbsnews.com/news/nft-art...nmental-costs/

[Sumac]

Originally Posted by Jephael

Whatever the hell they are, people on Twitter are sure up in arms about it!

Twitter, despite being inhabited by, supposedly superprogressive, public, acts in regards to NFT like the worst oldfarts - constantly arguing against it, without even understanding what it is and using dumb arguments about "electricity" and its effect on the climate, which is incredibly dubious claim by itself.

It is just another demonstration of "rules for thee, but not for me": you have no right to complain about, whatever, "progressives" deem good or you'll be called every name under the sun, but "progressives" think they have right to shout and cry about everything they don't like. Very cult-like behavior.

Guess, their "understanding" does not go beyond how many hormones one need to chug to "become" a lady. LOL.

Originally Posted by Andrew NDB

They're going to send us spiraling into a climate crisis!

https://www.wired.com/story/nfts-hot...earth-climate/

https://www.theverge.com/2021/3/15/2...climate-change

https://www.cbsnews.com/news/nft-art...nmental-costs/

Ah, the usual suspects always side with progtrash.
Gladly, for better or worse NFT, like cryptocurrencies are here to stay.

I find NFT interesting, because, from what I understand, it is closer to pure barter, where, potentially, you will be able to trade one piece of information for another, without involving "universal equivalent", i.e. money. Which in a sense make them closer to Communist ideals.

But I bet, if I said something like that to Twatter commie, poor bluehaired thing would just explode or foam at their mouth from a cognitive dissonance, since its ringleaders didn't authorize them to think beyond "NFT causes climate change, somehow".

[Vegita-San]

Originally Posted by sdp

You can't right click and save a house though but with NFTs you'd be able to buy a house and save yourself thousands of dollars in middle men costs and it'd be safer for example. If you're an artist for example a musician, you can make a song and every time someone plays the song you'd get royalties.

But that's the way it is now. That's why things like the RIAA exist.

Take The first episode of The Annoying Orange. that was auctioned as an NFT. yet, if I have it saved on my computer, I can still watch that anytime I want and not have to pay anything.

All this seems to be is to give a person a 'certificate of authenticity'. that may or may not mean anything. seems like snake oil to me.

[King Kahn]

Originally Posted by IMJ

It's a record of ownership that validates and authenticates a digital piece as the original. Right now the technology is being used for art, but the implications go a lot deeper than that.

I can understand why many people would not "get it", but to disregard NFT's because of the cognitive dissonance that "you could just swipe it" is shortsighted.

NFT's are absolutely the future for almost every form of ownership.

And when that hub that houses the data saying who owns something gets shut down or goes away for a myriad of reasons then the nft is worth nothing.

[sdp]

Originally Posted by King Kahn

And when that hub that houses the data saying who owns something gets shut down or goes away for a myriad of reasons then the nft is worth nothing.

NFTs are decentralized so it's actually the exact opposite of what you describe

[Coola Yagami]

Originally Posted by sdp

What exactly do you consider dumb? What is the dangerous slippery slope you speak of? If you write your concerns I can tell you if they are legitimate or not.

The fact that it pretty much sounds like in the future no one will own anything. NFTs sounds like 'everything is a subscription service' but on steroids.

[Papenbrook]

As a result of their intangibility, NFTs are pretty much pointless.

I don't know why they're becoming mainstream.

[sdp]

Originally Posted by Coola Yagami

The fact that it pretty much sounds like in the future no one will own anything. NFTs sounds like 'everything is a subscription service' but on steroids.

I don't even know how to respond to that or how you are getting that idea, NFTs are nothing what you just described, like at all.

Originally Posted by Papenbrook

As a result of their intangibility, NFTs are pretty much pointless.

I don't know why they're becoming mainstream.

I guess music, video files, digitized art is all pointless?

[IMJ]

Originally Posted by King Kahn

And when that hub that houses the data saying who owns something gets shut down or goes away for a myriad of reasons then the nft is worth nothing.

Your statement here is categorically untrue. Another strong opinion from a completely uninformed basis absolutely proving that opinions can indeed be wrong.

Originally Posted by Papenbrook

As a result of their intangibility, NFTs are pretty much pointless.

I don't know why they're becoming mainstream.

No, no, no.... from the tip of the iceberg I'd understand why you would say this. The tip of the iceberg right now is basically that "NFT's are jpeg artwork".

The real truth is that NFT's are an absolute-record of ownership. It's hard to wrap your head around coming in cold on the concept - it's hard actually because of what you've said here - especially the "intangibility" thing.

But wipe that from your mind for a minute and consider this - NFT's could be as important for society as the development of legally-enforceable contractual agreements were in ancient Rome. Even the parallel between those contracts and NFT's is cogent.

It's just not immediately clear because most people simply run with "NFT's are jpegs" - an oversimplification of the whole thing basically.

[IndigoErth]

Originally Posted by sdp

I guess music, video files, digitized art is all pointless?

In the long run...? In the vast majority of cases, who is even going to give a damn if someone "owns" a digital picture or whatever. Like what, owning the original file of a cat gif everyone saw, saved if they wanted to, and thought was funny for 10 min? Nobody is going to give a damn that some guy "owns" it and I can't wait until some start thinking owning this stuff is supposed to impress others.

I mean granted, if I somehow had it in me to come up with something that would go viral then "sell" it to someone for a hefty price because someone has bad priorities, then sure, why not, but this totally seems like a seller's game and an easy way to make a lot of money for little effort on the output side, just like selling things digitally always was...and why I was never fond of buying movies digitally or game items that cost real money.

[IMJ]

Eventually the deed to your house and the title to your car will be digital NFT's on county or municipal record instead of paper that you keep in a brink's lock box at home.

And for those in the rental life, your renters contracts will someday be digital only NFT documents, and your social security setup will be an NFT placard linked to your other government documents.

But all a lot of people here are seeing is
a) video game like artwork
b) another topic to come up with creative responses like everyone did during their first debate in 4th grade that lacked any and all real analysis

All of the current NFT artwork is nothing more than the market's first rollout of use and utility on the path of least resistance - as most technology is at first.

[sdp]

Fact is everyone will be using NFTs in the next few years, definitely by the end of the decade. You might not even know they're NFTs just like you don't need to know what the internet is to browse Facebook.

It's a difficult topic to understand in general, there's a lot of misinformation from people on purpose as well. It doesn't help that since companies see the potential everyone in the marketing department has a presentation with a checkmark that they're doing "NFTs" to please the shareholders which only furthers in getting people mad since they don't understand it. I mean I know I'm not going to change the opinions of anyone here but at least if some lurker learns something I feel like my job's been done. Everything I've learned is from lurking online.