So we all agree, this was just money laundering, right?

So we all agree, this was just money laundering, right?

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  1. 2 weeks ago
    Anonymous

    no you just don't le heckin get it you luddite have fun being poor lmao i'm lmaoing at you and how poor you are you don't le heckin get it

    • 2 weeks ago
      Anonymous

      Oh hey its this guy again

      • 2 weeks ago
        Anonymous

        oh hey its poorgay again lmao i'm lmaoing at ur life have fun being poor and not getting it luddite homosexual lmao

        • 2 weeks ago
          Anonymous

          Fell better anon

  2. 2 weeks ago
    Anonymous

    yeah
    just like art

  3. 2 weeks ago
    Anonymous

    thats giving nfts too much credit, it was just morons scamming other morons

  4. 2 weeks ago
    Anonymous

    It was worse than that, it was attempt by big tech to make everything purchasable assets and create some new dystopian version of the internet everywhere is "owned" in a blockchain.

    It was also supposed to tie into the metaverse with owned property and virtual shit that doesn't actually exist.

    I think it was also a failed attempt at creating the next bitcoin, only with digital assets.

    • 2 weeks ago
      Anonymous

      It absolutely was not

  5. 2 weeks ago
    Anonymous

    I unironically believe the pyramid scheme scams had the bigger share.

  6. 2 weeks ago
    Anonymous

    Money you gain by defrauding people isn't exactly clean

  7. 2 weeks ago
    Anonymous

    I had a nice post talking about it all lined up but my browser crapped itself just as I was confirming the deets but here's a short version
    >Pop culture? sure, whatever, indians and israelites ruin everything
    >tech itself? hell no. imagine never having to touch the government or its private contractors to notarize documents, register titles, buy/sell deeds, etc etc anything that requires papers to be reviewed all gone immediately, AND it's transparent and auditable by the CITIZENRY instead of exclusively by the US gov and those contractors.
    it would make our lives so much easier if it was adopted as the de facto method of verification, and that's why it'll never happen.

    • 2 weeks ago
      Anonymous

      >ITS THE israeliteS
      Didnt read further. Thanks for saving me the time putting the red flag for nonsense at the top

      • 2 weeks ago
        Anonymous
        • 2 weeks ago
          Anonymous
      • 2 weeks ago
        Anonymous

        the biggest name in the invention of NFTs is Meni Rosenfield who is a member of the Israeli Bitcoin Association who wrote the paper on "colored coins" of which NFTs are an implementation. this time, without any additional evidence, we can be clear on the fact that NFTs are literally israeli.

        • 2 weeks ago
          Anonymous

          >the biggest name in the invention of cars was Henry Ford, therefore all cars come from Michigan

    • 2 weeks ago
      Anonymous

      >it would make our lives so much easier if it was adopted as the de facto method of verification, and that's why it'll never happen.

      what, it would drastically reduce amount of legal paperwork?

      Many were/are scams for a quick buck that got out of hand. Some are actual artistic movements with their own unique culture. Assignment of ownership on chain is like saying you own the first pepe or something. Of course copies can and will be made, but the original can also be tracked and sold. It's an interesting experiment in what society does when new tech comes around.

      >It's an interesting experiment in what society does when new tech comes around.

      enshittification

      • 2 weeks ago
        Anonymous

        >what, it would drastically reduce amount of legal paperwork?
        Yeah. The bureaucracy with anything more important oe valuable than groceries is ridiculous. Imagine never having to deal with hunting or fishing licenses again, or background checks for guns, or getting the government involved for transferring vehicles and deeds, or business agreements, notaries, etc...

    • 2 weeks ago
      Anonymous

      >tech itself? hell no. imagine never having to touch the government or its private contractors to notarize documents, register titles, buy/sell deeds, etc etc anything that requires papers to be reviewed all gone immediately, AND it's transparent and auditable by the CITIZENRY instead of exclusively by the US gov and those contractors.
      None of that matters in the slightest because you still need the government to enforce all of those things. Yeah, sure you own the "deed" to whatever. Congratulations, it's totally worthless because as far as the real world is concerned it's still owned by the person who has the LEGAL ownership.

      • 2 weeks ago
        Anonymous

        >>The tech would make government interference obsolete
        >Heh, but what if the government... doesn't let that happen?
        Yeah Black person, if the government doesn't adopt NFTs as the de fact verification system it wouldn't work outside of walled gardens, obviously. Is that supposed to be some gotcha? Damn, it wouldn't work if it got outlawed! Frick! Guns are useless too if they get outlawed, why bother trying to get them legal? Shit! I gotta eat the bugs, government says so, guess the alternatives aren't worth considering.

  8. 2 weeks ago
    Anonymous

    It's just a ZIRP phenomenon. The capital has to flow somewhere, and it ends up in stranger and stranger projects without any use case.

  9. 2 weeks ago
    Anonymous

    They tried to force the concept of scarcity over digital assets.

    • 2 weeks ago
      Anonymous

      It's crazy how everyone genuinely can't tell the difference between the tech and the grifters using the tech. NFTs are infinitely reproducible; if someone selectively mints a particular number of them and then locks the contract, then yeah, they can be made scarce, but that's only one small portion of what can be done with NFTs and is not their purpose. They're meant to be more like publically visible receipts than anything else...

      • 2 weeks ago
        Anonymous

        >They're meant to be more like publically visible receipts than anything else...
        so they're digital certificates that provide proof of origin, authenticity, and integrity? yea we've had those for years, there's no reason they should appreciate in value.

        • 2 weeks ago
          Anonymous

          >so they're digital certificates that provide proof of origin, authenticity, and integrity? yea we've had those for years
          In a space without government interference and that allows for seamless transfer of otherwise regulated goods? Or that can be verified by independent parties for free and that means that all large companies will be constantly and consistently audited? I don't think there's such a system in place. Consider the difference between merchants hauling waterskins and aqueducts.
          >there's no reason they should appreciate in value.
          They're not meant to, those are just the type that scammers latched onto, as has been explained several times already. Technically if something is out of print it can appreciate as well, like an old record, or a game, or whatever, but the NFT itself isn't supposed to be what's valuable in such an arrangement.

  10. 2 weeks ago
    Anonymous

    It was supposed to be the future, but moron luddites had to be moronic and stop progress from happening.

  11. 2 weeks ago
    Anonymous

    NFT's were just way too early and mismanaged, nobody had the right vision for them or the ability to make it happen.
    NFT's should have been glorified QR codes with real world utility, not $100k twitter profile pics that can be right clicked.

  12. 2 weeks ago
    Anonymous

    That and one of the greatest low-hanging laughing stocks of the modern era. Knowing hypetards bought randomly generated images for millions of dollars, only for the worth of said images to plummet, makes me feel better about myself, knowing that I'm at least smart enough to not go into debt over a virtual picture I don't even own.

  13. 2 weeks ago
    Anonymous

    I remember when IQfy had daily nft thread.
    IQfy are bigger suckers than gamers.

  14. 2 weeks ago
    Anonymous

    Why are there 2 distinct types of posts itt: Intelligent discussion of NFT applications and low iq complaining about scammers?

  15. 2 weeks ago
    Anonymous

    It's 105 IQ tech bores who are FOMOing about missing bitcoin

  16. 2 weeks ago
    Anonymous

    i genuinely believe nothing did more damage to the public perception of cryptocurrency than NFTs. crypto did get one thing right, they accurately assessed that the value of NFTs was ultimately wrapped up in public trust.

    • 2 weeks ago
      Anonymous

      >the value of NFTs was ultimately wrapped up in public trust.
      That's all of crypto.

  17. 2 weeks ago
    Anonymous

    I want to know how much money VC burned on trash like that I can safely bet its been over one trillion in western wealth that was burned for nothing.

  18. 2 weeks ago
    Anonymous

    Many were/are scams for a quick buck that got out of hand. Some are actual artistic movements with their own unique culture. Assignment of ownership on chain is like saying you own the first pepe or something. Of course copies can and will be made, but the original can also be tracked and sold. It's an interesting experiment in what society does when new tech comes around.

    • 2 weeks ago
      Anonymous

      ChatGPT post

  19. 2 weeks ago
    Anonymous

    no but 99% of nft collections are rugpulls

  20. 2 weeks ago
    Anonymous

    You underestimate how dumb people are. I'm sure some money was laundered here and there, but the craze was too short for organized crime to really use it on a massive scale to launder money.

  21. 2 weeks ago
    Anonymous

    No, it was a grift but practically nobody was dumb enough to fall for it.

    • 2 weeks ago
      Anonymous

      >practically nobody
      Way to rewrite history

  22. 2 weeks ago
    Anonymous

    Pretty funny how they were spammed everywhere as le epic web3.0 and then everyone just forgot about them

  23. 2 weeks ago
    Anonymous

    Remilia Corp uses it as a form of authentication. Owning one is the first step to joining their group - so the first layer of gatekeeping. Interesting idea.

  24. 2 weeks ago
    Anonymous

    It was like buying a 'name a star' certificate and thinking that you literally own that star
    It was a straight scam, a complete waste of computing power with a disgusting vision behind it
    Call the tech or 'decentralisation' good all you want, it was just more bullshit ways of ripping people off

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