NFT's

[Faux Sean Callahan]

Can somebody explain to me like I am 5 what an NFT is and why they exists?

They look like monkey's that people are paying out the ass for.




Maybe I am just getting old..... @Elizabeth Reed is this how you feel everyday?

 

[Jim14510]

@Dble E tried to explain it to me. I don't get it.

 

[Huskerbuck85]

Does this have something to do with crypto? A while back on the news i saw where a girl was drawing like whales or teddy bears or something and making millions

 

[Dble E]

@Dble E tried to explain it to me. I don't get it.

Basically unique electronic art built off block chain(same tech as Crypto). They use block chain to build it/make it so it can be assured that it's unique which kinda makes it valuable. It also makes it so you know it's authentic and specific to the owner.

I think it's a little bit of a BALLOON ready to burst in terms of the values but who am I to say....maybe it will be a good investment. Why is Mona Lisa so valuable....because people are willing to pay for it. A lot of the value is build off a fever pitch...lot's of interest.

My son who is 15 basically thinks I am a pussy since I won't create a pyramid ponzi scheme around these....he said let's get some friends, buy one, sell it to each other to pump the price up and get some sucker to buy it at an inflated price.

 

[Fargo Husker]

It’s manufactured scarcity.

 

[That SOB Van Owen]

Yeah no idea seems pretty stupid IMO

 

[doublewing]

All you need to know is that it is fucking stupid. Not even worth understanding IMO.

 

[That SOB Van Owen]

Does this have something to do with crypto? A while back on the news where a girl was drawing like whales or teddy bears or something and making millions

There are also girls selling their farts in a jar making millions. Doesn’t mean it’s not stupid.

 

[Faux Sean Callahan]

Basically unique electronic art built off block chain(same tech as Crypto). They use block chain to build it/make it so it can be assured that it's unique which kinda makes it valuable. It also makes it so you know it's authentic and specific to the owner.

I think it's a little bit of a BALLOON ready to burst in terms of the values but who am I to say....maybe it will be a good investment. Why is Mona Lisa so valuable....because people are willing to pay for it. A lot of the value is build off a fever pitch...lot's of interest.

My son who is 15 basically thinks I am a pussy since I won't create a pyramid ponzi scheme around these....he said let's get some friends, buy one, sell it to each other to pump the price up and get some sucker to buy it at an inflated price.

So it is digital art basically... I thought there was something about it that was used as an identification tool? Whats stopping me from screen shotting it and using it?

 

[Jim14510]

There are also girls selling their farts in a jar making millions. Doesn’t mean it’s not stupid.

I knew a guy that lived in Japan for a bit. He said they sold worn panties from a vending machine.

 

[Dble E]

So it is digital art basically... I thought there was something about it that was used as an identification tool? Whats stopping me from screen shotting it and using it?

Nothing would stop you from screen shot'ing it. It's worthless though.

 

[turek420845]

Basically unique electronic art built off block chain(same tech as Crypto). They use block chain to build it/make it so it can be assured that it's unique which kinda makes it valuable. It also makes it so you know it's authentic and specific to the owner.

I think it's a little bit of a BALLOON ready to burst in terms of the values but who am I to say....maybe it will be a good investment. Why is Mona Lisa so valuable....because people are willing to pay for it. A lot of the value is build off a fever pitch...lot's of interest.

My son who is 15 basically thinks I am a pussy since I won't create a pyramid ponzi scheme around these....he said let's get some friends, buy one, sell it to each other to pump the price up and get some sucker to buy it at an inflated price.

Sell it to Dean for RSS Sponsorship.

 

[Jim14510]

Somebody make an NFT of Sipples Hacienda public groping.

 

[HuskerPAC]

Basically unique electronic art built off block chain(same tech as Crypto). They use block chain to build it/make it so it can be assured that it's unique which kinda makes it valuable. It also makes it so you know it's authentic and specific to the owner.

I think it's a little bit of a BALLOON ready to burst in terms of the values but who am I to say....maybe it will be a good investment. Why is Mona Lisa so valuable....because people are willing to pay for it. A lot of the value is build off a fever pitch...lot's of interest.

My son who is 15 basically thinks I am a pussy since I won't create a pyramid ponzi scheme around these....he said let's get some friends, buy one, sell it to each other to pump the price up and get some sucker to buy it at an inflated price.

This still does not help me understand.

 

[Dr.DrakeRamoray]

Someone once described it to be like Art, Art Is worth whatever the buyer wants to pay for it, same with NFTs

 

[Dble E]

Dble E said:
Basically unique electronic art built off block chain(same tech as Crypto). They use block chain to build it/make it so it can be assured that it's unique which kinda makes it valuable. It also makes it so you know it's authentic and specific to the owner.

I think it's a little bit of a BALLOON ready to burst in terms of the values but who am I to say....maybe it will be a good investment. Why is Mona Lisa so valuable....because people are willing to pay for it. A lot of the value is build off a fever pitch...lot's of interest.

My son who is 15 basically thinks I am a pussy since I won't create a pyramid ponzi scheme around these....he said let's get some friends, buy one, sell it to each other to pump the price up and get some sucker to buy it at an inflated price.

This still does not help me understand.

Whelp...I am going to assume you're trolling me.....but.....

Simply.....A Bit Coin is digital money built off a very complex set of rules / algorithms that make it unique(one of a kind) using a process called mining / block chain.

NFT's are digital art using the same process.

 

[Jim14510]

Dble E said:
Basically unique electronic art built off block chain(same tech as Crypto). They use block chain to build it/make it so it can be assured that it's unique which kinda makes it valuable. It also makes it so you know it's authentic and specific to the owner.

I think it's a little bit of a BALLOON ready to burst in terms of the values but who am I to say....maybe it will be a good investment. Why is Mona Lisa so valuable....because people are willing to pay for it. A lot of the value is build off a fever pitch...lot's of interest.

My son who is 15 basically thinks I am a pussy since I won't create a pyramid ponzi scheme around these....he said let's get some friends, buy one, sell it to each other to pump the price up and get some sucker to buy it at an inflated price.





Whelp...I am going to assume you're trolling me.....but.....

Simply.....A Bit Coin is digital money built off a very complex set of rules / algorithms that make it unique(one of a kind) using a process called mining / block chain.

NFT's are digital art using the same process.

 

[HuskerPAC]

Dble E said:
Basically unique electronic art built off block chain(same tech as Crypto). They use block chain to build it/make it so it can be assured that it's unique which kinda makes it valuable. It also makes it so you know it's authentic and specific to the owner.

I think it's a little bit of a BALLOON ready to burst in terms of the values but who am I to say....maybe it will be a good investment. Why is Mona Lisa so valuable....because people are willing to pay for it. A lot of the value is build off a fever pitch...lot's of interest.

My son who is 15 basically thinks I am a pussy since I won't create a pyramid ponzi scheme around these....he said let's get some friends, buy one, sell it to each other to pump the price up and get some sucker to buy it at an inflated price.





Whelp...I am going to assume you're trolling me.....but.....

Simply.....A Bit Coin is digital money built off a very complex set of rules / algorithms that make it unique(one of a kind) using a process called mining / block chain.

NFT's are digital art using the same process.

Not trolling. My mind does not work in a way to understand this stuff. I’ll just nod and smile.

 

[Huskerbuck85]

Not trolling. My mind does not work in a way to understand this stuff. I’ll just nod and smile.

I’m with you. For some stupid reason I put $5k in crypto 2 years ago and have zero clue what I bought or how it works. I watched it go to $9k and did nothing (was gonna pull original investment at $10k). Now it’s worth $4.2k
I’m an idiot

 

[BBTown Bomber]

Can somebody explain to me like I am 5 what an NFT is and why they exists?

They look like monkey's that people are paying out the ass for.

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Maybe I am just getting old..... @Elizabeth Reed is this how you feel everyday?

Waaaaay better than that, son. We just need a little more rain out here in the panhandle and life would be damn near perfect.

How ‘bout you?

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