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

[Kuwka_Atcha_Ratcha]

You nikkas are obsessed with things being "scams". Every other group is out here getting money and putting it into real estate. Get with it or get left behind. The same folks crying scam will be whining about increased income inequality 15 years from now.

Bruh, it's crazy! Everything people don't understand is a scam.

 

[BrothaZay]

Yeah sure. Pricing varies and a load of things, the artist who made it, scarcity, inovation, who is backing it etc

Scam. Negged

 

[Kuwka_Atcha_Ratcha]

i think mostly are scams unless their nfts of something of true value

example, spiderman nft has value because of its association with spiderman

So name the exact ones you have seen that are scams please. The exact nft collections

 

[Kuwka_Atcha_Ratcha]

Scam. Negged

Ahhh you're trolling. No.probs

 

[Doctor Wily]

 

[Knowledge]

What makes you think they need to solve a problem?

So whats the point of em?

 

[13473]

go to coffeezilla's youtube page and look up logan paul or NFTs and you'll see all you need to see.

this?

 

[Paper Boi]

this?

there's multiple videos on his sketchy ass NFTs but thats 1

 

[GoldenGlove]

NFTs are just digital assets that ownership can be proven for. NFT ART isn't the only use case NFTs have, it's just the wave now and I do agree that a lot of people will be bag holding shytty NFT art that won't have any value over time.

 

[StretfordRed]

Same questions can be applied to traditional art. Why does traditional art hold value? Why is a painting with blob of red paint selling for millions? What determines its worth?

Because you’re buying an artist’s mindful impression of something. On the other hand NFTs are just a money making scheme people are getting a hold on to make money.

If you think Art is so easy, go and squiggle something and try and sell it. On the flip side go take that swiggle and promote it as an NFT that will be potentially worth Ms and people will FOMO buy it. Case in point go look at Tariq’s terrible Buck NFTs.

 

[Charly Wingate]

New generation bag holders tryna get rich quick

 

[null]

No they're not, but with every industry and sector scammers will dwell

The NFT industry is a scam.

Suggesting that "every" NFT has collector value is even worse than suggesting that every item in the real world has collector value.

It is sort of true over a very long timescale but it is not true in the way they are being sold.

There is a difference between something and a subjective representation of that thing. Thing Gold vs. fiat Money arguments. One is a physical thing and the other is a representation of a thing (rather than just being seen as a piece of paper).

NFT's are only globally non-fungible within a certain (limited) scope and that is the difference between them and real world objects.

 

[CopiousX]

Bruh, it's crazy! Everything people don't understand is a scam.

This exactly what a scammer would say tho.

 

[Mensch Fontana]

Ironically the mass produced near worthless nfts are going to be the most useful.

 

[CouldntBeMeTho]

You nikkas are obsessed with things being "scams". Every other group is out here getting money and putting it into real estate. Get with it or get left behind. The same folks crying scam will be whining about increased income inequality 15 years from now.

america is a nation of people scamming eachother in an attempt to get rich off the next guy... come on. damn near everything IS a scam.. religion, health care costs, insurance, housing costs, etc etc