After watching this video im fully convinced that NFTs are a SCAM

[Kuwka_Atcha_Ratcha]

Then why did you quote me asking a question, and showing proof on the Coli of the "knowledge" you know?

Like I said, you came to argue. Not my problem

Because I knew you wouldn't be able to prove what you said ...to which you didn't . No big deal

 

[UpAndComing]

Because I knew you wouldn't be able to prove what you said ...to which you didn't . No big deal

6 replies later, no information on the "knowledge" you have. Sorry breh, happens to the best of us

 

[Charly Wingate]

Because I knew you wouldn't be able to prove what you said ...to which you didn't . No big deal

You goin super hard for NFT's, I suggest you watch this video in it's entirety, multiple times then revisit this thread

 

[Money Be Green]

 

[Kuwka_Atcha_Ratcha]

6 replies later, no information on the "knowledge" you have. Sorry breh, happens to the best of us

Literally answered everything you asked.

 

[Kuwka_Atcha_Ratcha]

You goin super hard for NFT's, I suggest you watch this video in it's entirety, multiple times then revisit this thread

Seen this video already breh, doesn't debunk anything I said

 

[Charly Wingate]

Seen this video already breh, doesn't debunk anything I said

You haven't said anything of substance besides "you guys don't get it thats why you think its a scam." You ask what NFT projects are rug pulls which is laughable (its literally a laundry list of rug pulls associated with nfts) and you ignored the fact that 80% (they self reported this, so its definitely more than 80%) of the projects on OpenSea is art stolen from real artists from media sites like DeviantArt or spam Not to mention people on OpenSea routinely artificially pump the price of their nft by selling the nft to themselves. Anyway, good look with your nft endeavors im not gonna talk in circles with you

 

[MarcP]

The tech itself isn't a scam but it's definitely being used to scam a lot of money out of rich suckers.

 

[Kuwka_Atcha_Ratcha]

You haven't said anything of substance besides "you guys don't get it thats why you think its a scam." You ask what NFT projects are rug pulls which is laughable (its literally a laundry list of rug pulls associated with nfts) and you ignored the fact that 80% (they self reported this, so its definitely more than 80%) of the projects on OpenSea is art stolen from real artists from media sites like DeviantArt or spam Not to mention people on OpenSea routinely artificially pump the price of their nft by selling the nft to themselves. Anyway, good look with your nft endeavors im not gonna talk in circles with you

None of this makes NFTs a scam. Opensea messed up that's on opensea not NFTs as a whole. That's like a gallery messing up and then saying it's all of traditional art that's a scam.

 

[MasterOfAllHeSurveyz]

no, but there's too many people thinking that NFT's and crypto are some kinda magical way to get rich quick. if people talked about real long term investing, then maybe we wouldn't get left behind. but instead, everyone wants to hop into the newest get rich quick scheme.

Agreed. But, people won't even invest long term. It's not "sexy".

I run crypto bots. I use the same investment strategy that I use for my SPX iron condor profits. I take half the profits and invest long term.. I just started my brother's account that he started with 1K. I'm going to run a daily diary for it if everyone wants to follow.

 

[Kuwka_Atcha_Ratcha]

The tech itself isn't a scam but it's definitely being used to scam a lot of money out of rich suckers.

Examples?

 

[null]

There are dummies that think that about thousands of different ventures. There are multibillion dollar institutions investing heavily in blockchain.

they are investing "heavily" in blockchain in order to try to FIX blockchain as public blockchains do not scale and hence are not fit for purpose.

no need for all this develoment investment if it already worked . people would just copy the original working one and modify. like how litcoin was created from bitcoin during lunch.

satoshi put (non scaleable) bitcoin together alone in his garden shed .

also big entities like binance, ripple etc are using closed systems. private. which is not the trustless blockchain idea at all.

 

[null]

You goin super hard for NFT's, I suggest you watch this video in it's entirety, multiple times then revisit this thread

The guy in the video is wrong about there being "no value" in BTC/crypto.

The person whom he quoted is also wrong about it need perpertual money at an increasing price.

The ability to send "money" from point A to point B permission-less while disintermediating financial institutions is of value.

Sending money in an opaque or private way (ZCash, Monero, tumblers etc) is also of value.

He is 110% right about the fundemental and so far intractable flaws of first-entrant-advantage, scaleability, energy costs, transaction costs, wild price movements.

I agree that they are not ready for primetime mainstream use (and may never be).

I agree that large parts of the industry and many projects are junk / scams / bubbles.

I think distributed exchange has untapped potemtial to at least provide a parallel mode of transacting and of consensus agreement.

 

[Kuwka_Atcha_Ratcha]

The guy in the video is wrong about there being "no value" in BTC/crypto.

The person whom he quoted is also wrong about it need perpertual money at an increasing price.

The ability to send "money" from point A to point B permission-less while disintermediating financial institutions is of value.

Sending money in an opaque or private way (ZCash, Monero, tumblers etc) is also of value.

He is 110% right about the fundemental and so far intractable flaws of first-entrant-advantage, scaleability, energy costs, transaction costs, wild price movements.

I agree that they are not ready for primetime mainstream use (and may never be).

I agree that large parts of the industry and many projects are junk / scams / bubbles.

I think distributed exchange has untapped potemtial to at least provide a parallel mode of transacting and of consensus agreement.

But the energy costs he speaks of isn't all blockchains

 

[null]

But the energy costs he speaks of isn't all blockchains

None of those factors appy to all projects.

And I still have a neg for you.

Don't spam me with your half thought-out comments.

Back on timeout you go ...