# Fuck NFTs! NFTs. Fuck 'em expensive images. Rules: - Follow Fediverse Code of
Conduct [https://mastodon.social/about] - When posting links of news articles,
put the tile in Title section then diss/shit about them on the Body section - Do
not post misinformation/disinformation - If you think an NFT is still cool,
please screenshot them before sharing them here. Icon from Untitled Collection
#202729794 by NFTJ2
[https://opensea.io/assets/ethereum/0x495f947276749ce646f68ac8c248420045cb7b5e/94376598192474096290575604325540327788741331549399312329838622244948573945857]
Does “fuck auctioning off digital media (particularly procedurally-generated .jpg files)” make it more clear? Screw artificial scarcity? Ignore/de-value digital real-estate?
I mean, of course procedurally-generated jpg files are worthless bullshit. I’m a serious crypto aficionado and I never once bought a single NFT because I knew they were just images that anyone could view.
NFT’s, as you’re describing them here, were just a money-laundering scheme. But that’s not what NFT’s actually are. They’re a representation in a system that something is 100% unique (or part of a limited quantity). Since software engineering’s entire purpose is to model real-life in software, this concept was an absolute inevitability.
The story: someone generated a bored ape then sold it to themself for a 1,000,000% profit in an attempt to launder the ETH that person gained through illicit means in the shitcoin trades. It’s a tale as old as currency itsself: Beanie babies, trading cards, collectible art, collectibles in general. People are degenerate gamblers but NFT’s are actually an innocent technology co-opted by moonbois. Same deal with crypto in general. Greedy people ruin the reputation of anything they touch (or trade rabidly in this case).
Does “fuck auctioning off digital media (particularly procedurally-generated .jpg files)” make it more clear? Screw artificial scarcity? Ignore/de-value digital real-estate?
I mean, of course procedurally-generated jpg files are worthless bullshit. I’m a serious crypto aficionado and I never once bought a single NFT because I knew they were just images that anyone could view.
NFT’s, as you’re describing them here, were just a money-laundering scheme. But that’s not what NFT’s actually are. They’re a representation in a system that something is 100% unique (or part of a limited quantity). Since software engineering’s entire purpose is to model real-life in software, this concept was an absolute inevitability.
The story: someone generated a bored ape then sold it to themself for a 1,000,000% profit in an attempt to launder the ETH that person gained through illicit means in the shitcoin trades. It’s a tale as old as currency itsself: Beanie babies, trading cards, collectible art, collectibles in general. People are degenerate gamblers but NFT’s are actually an innocent technology co-opted by moonbois. Same deal with crypto in general. Greedy people ruin the reputation of anything they touch (or trade rabidly in this case).