/biz/ - Business & Finance

Money laundering.

Or something like a virtual trading card for a video game.

jewish tricks

>>30101524
they are collectibles. if you don't collect trading cards, toys, or art then you won't collect NFTs either.

>>30101524
You wouldnt download a nft

>>30101584
>Money laundering.
21st century form of money laundering to be precise

>>30101617
But I can hold a trading card in my hand but digital NFTs are all the same and consist of the same amount of pixels

>>30101524
it's DRM marketed at the people who hate DRM
>hey go-i mean, guys! you know what's really cool? paying for digital media!

>>30101584
>trading card for a video game
I don't think basedboys are into crypto. Who else will buy this?

The day I read this article was the day I was sold on buying OGN.
https://www.talkesport.com/news/csgo/most-expensive-csgo-skin-sold-for-a-record-150k-usd/
>150k for a CSGO skin.

Accept the retardation of zoomers with no bills to pay. This is like buying the shop that sells Funko Pops in 2010

Making a copy is like making an unlicensed reprint. Yes, you copied it but it will never be worth as much as the piece made and backed by the artist.

>>30101744
you can buy convincing fakes of cards too. doesn't devalue the originals.

>>30101524
Access control in services. The current model of using them for bare art that has no function is pointless, but use them for a gacha game and you're getting somewhere. Anyone can copy that anime girl jpeg, but only people with the token can use her in the game.

>>30102203
See this actually makes sense

The real value is in decentralized computing protocols like Urbit that use NFT as user IDs

>>30102049
what devalues the originals is kids growing up and growing out of Yugioh or whatever.
collectors' items in general are not real investments.
they're expensive toys, and "investment" is just part of the sales pitch

>>30101524
Congrats. You figured out the secret.

>>30102348
that's probably the best argument against functionless NFTs yes
i invest in the underlying cryptos instead

>>30101524
>website domains
>unique art such as Proof of Beauty
>video game items
and the future where we all wear augmented reality glasses
>augmented reality clothing
>augmented reality items
>augmented reality pets
>augmented reality... take your pick

rare items in video games

>>30102309
Urbit address space isn't supposed to be a speculation vehicle, it's supposed to be used. Planets are common enough that they probably won't appreciate in value much (unless they have funny names).

NFTs will replace GPU and ASIC mining as a utility not just a collectors item. The reality is that biz anons mindlessly listen to the posters but don't do their own research. Check out Dego. I was posting it when it was a dollar. I am the only one still posting it now.

NFTs only make sense for unique non-digital assets like a painting. And also only if this asset is generating revenue If (panting example to rent it for a profit to a museum). If you want an nft for a digital asset, it also only makes sense if your digital asset generates revenue. Examples can be owning an NFT for a piece of IP, software, a patent or whatever. Simply owning an NFT for a piece of non-copy protected furry porn is worthless.

>>30102447
what are you bullish on, specifically?
anything worth researching?

NFTs are just generally giving me ICO-era vibes...
seems like a lot of centralized projects in it for the wrong reasons

>>30101524
>>30101584
>>30101600
show me the most expensive nft you can find and I'll show you how to assume ownership (no bullshit)

>>30102744
i picked up a bit of FLOW today, seems interesting
it's the crypto underlying that NBA crap
a binance listing would be nice

FYI, iota features fee-less NFTs from end of march onwards. Everyone can create NFTs from within the native iota wallet with literally just 5 clicks.

>>30101872
I still think a focus on what specific NFT's will be bought is going to become the big rush. Unless we all believe our NFT's we got from airdrops are suddenly the next banksy art piece, some rich art oligarch will have his finger on curating NFT's soon enough.

If enough anons collude though, I'm 100% sure rare pepes could go up to 300k. But a lot of anons will have to collude.

>>30101680
Don't that just prove it's modern art?

>>30102899
functionally equivalent and checked

>>30101814
>I don't think basedboys are into crypto.
You couldn't be more wrong lmao

How an nft heist goes

>right click
>save video as..
>ok

Congrats, you've just stolen a $6.6 million dollar video clip.

>>30101524
Is this real?

https://app.rarible.com/token/0x60f80121c31a0d46b5279700f9df786054aa5ee5:240327

>>30102657
Says you. I made 20x on star value alone and I haven't even spawned any $10 planets yet, or even activated my star. There are more people on the planet then there are urbit IDs, they will appreciate in value. But yeah if you're a poorfag who can only afford planets I agree those aren't going to appreciate very much if at all.

>>30102008
>implying 99% of the artworks on their aren't postings by pajeets grabbing art right off artists websites

>>30101760
Kek

>>30101524
I suppose its to prove ownership, like copyright?

or provenance?

>>30103722
this is like saying photographing the mona lisa is theft.
you can doubt the valuation but this argument is just dumb.

>>30101524
Nfts for a png is kinda shit. So is paying boatloads of money for a painting you could print.

NFTs representing real world assets is going to be cool though. Imagine doing it for real estate, cars or even digital rights for music.

Each time a product is paid for, a smart contract can pay royalties directly to musician of the theme song etc.

Do any NFT tokens trade on Uniswap?

>>30103935
Based, I love enslaving people for singing happy birthday.

Seriously though is there anything besides urbit on opensea that has some sort of real life value? I already own 2 urbit stars and thats enough for me

>>30103887
Except a photograph of the Mona Lisa is different from the actual Mona Lisa, whereas a copy of NFT art is identical

You own a token, not the art. Your "ownership" provides no level of interaction with "your" art over any person with an internet connection

>>30101524
The artist recognizes you own it, which gives it value. Also, like normal art, this >>30101584

NFTs have only one realistic use which would be hats for a video game

>>30103887
But it isn't, that's a false equivalency. The Mona Lisa is an oil painting on wood panel. Owning the picture of the painting and the painting itself are 2 distinct positions.

>>30103978
No the whole point is that they're non-fungible, in other words they are not a commodity. You can't just say "give me 15 cryptopunks my good man", you have to pick out specific ones. An urbit id might be worth more for having a desirable name like ~ducbus or ~holdem

>>30101524
60 iq here.
Pokemon can use it and that will get rid of the hacking "problem" while making Nintendo money along the way

>>30104117
I don't get the whole art thing either but at least inform yourself retard

>>30104068
the level of interaction you'd have would depend on the services that support the NFTs i suppose. somebody mentioned gacha games, or you could hang your art in some virtual gallery or something gay like that.

>>30104134
i'd argue owning the NFT associated with a piece is distinct from just having a copy of the piece.
not that i would ever buy one.

>>30101524
its a retarded version of pokemon cards at least those are physical

>>30102838
Same. Seems like such a comfy hold. A crypto that is actually being used by nba, and it’s fairly new so hasn’t been listed on Binance and cuckbase yet.

https://hypebeast.com/2021/2/nba-top-shot-over-200-million-usd-sales-announcement

>>30104186
>i'd argue owning the NFT associated with a piece is distinct from just having a copy of the piece.
it's just bits, zeroes and ones. there is no original and copy, data is data. i knew this when i was 8. if you don't realize how digits work you are very stupid indeed

>>30101524
>>30000000

>>30104513
They're right tho, the token is a different set of zeroes and ones than the art
The token also has some utility (can be used to transact on the blockchain)

The problem is that the token does not actually confer ownership of the art, it's just cryptographically-secure Good Boy Points from the artist

>>30104513
people have been making these kinds of arguments around digital collectibles for a long time. they're here to stay. all NFTs do is decentralise a well-established concept.

>>30104494
it is extremely comfy yes

>>30104513
Isn't that what boomers say about bitcoin?

>>30104148
50iq here, that's exactly what ECOMI is planning. In fact they are already negotiating the rights to pokemon as we speak. IYKYK

What is I clone NFTs?
Not the token/whatever but the content/payload/whatever i. e. What If I get my hands on that video and upload it everywhere. The NFT would be worthle

>>30102719
Imagine being this out of the loop, digital paintings are literally the tip of the iceberg

>>30105012
Can you download a 3D model?

>>30101744
>this fucking boomer mindset in /biz/

disgusting

>>30101524
It's obviously money laundering

NFTs actual use will be for automobiles, boats, houses, etc.

Basically you are going to go up to a house that you like, scan the QR code, buy the NFT, then you have the house within seconds. Then you put the NFT up in some sort of collateralization where people can buy a percentage of the house to get a percentage of the cash flow from the time share or rent

>>30101524
NPCs

>>30101524
Do it on OXEN and you will find out, shake me baby

>>30105296
other NFTs are like the .crypto domains as well. You are going to have NFTs on literal art. a picasso will have an NFT associated with it that dictates who owns it.

>>30101524
What's the point of classical paintings if I can just save a jpeg?

>>30101524
the point is to sell to the next sucker for more
it's like trading cards, yeah you can make a replica but it won't be sellable
that being said NFTs are retarded and I hope people who are putting money into this get rekt

>>30105546
NFT's are the opposite of retarded, its going to revolutionize real estate.

>>30101524
literally anything that requires proof of ownership and authenticity. Saving a copy gives you neither.

>>30105517
They aren't digital art.
>>30105817
But I can't save a copy of a house or car but I can save a video or take a screenshot

>>30105115
yes? what sort of question is that

>>30105933
a video or screenshot of a house or a car doesn't let you get inside or start it.
You could also use it as concert tickets online. Nobody can send you a random access link, if you don't have a concert NFT you don't get to see or hear anything.

>>30105933
What's the point of a performance if I just can save a vid?
What's the point of a portrait if I can just have an ID pic?
What's the point of character design if we can just have a description?
Don't try to sound more stupid than you are mate. Define art. Get your answer.
The fact it's digital art or total vaporware art or art like people used to do it 500 year ago doesn't change shit.

>>30105817
Tell that to Hollywood

>>30105933
You can take a picture of a deed, but that doesn't mean that you actually have the deed. Right now it takes weeks to sell or buy a house. The end result of this is buying or selling a house in seconds.

>>30105994
NFT's don't provide copyright protection like how people post copyrighted images on 4Chan all the time.

>>30106109
Houses and .gifs are different things.

>>What's the point of a performance if I just can save a vid?
The NFT is the video, not the performance which cannot be replicated exactly.
>What's the point of a portrait if I can just have an ID pic?
A virtually created portrait is no different from a virtually created ID

>>30106271
It's great for applications like proving ownership of something that can't just be copied infinitely (like a house) but this art shit is retarded because "ownership" of the jpg means nothing

>>30102008
What makes the original distinct from a copy? With tangible collectibles it is very very hard to reproduce a convincing fake

>>30102348
That’s an idiots way to rationalize.

>>30101524
Gaben had a good talk about this back in dota's early days when talking about hats/skins/guns. It really just comes down to status. It's how people justify spending thousands on shiny ak's and glowing couriers.

>>30102756
The one in OP

>>30101814

I posted some iPad art on rareify last night for a few eth (although the gas fees are stupid). Will be interesting to see if they sell.

>>30104494
My god that’s so fucking gay. You’re a goddamn idiot to get caught up in that ruse

>>30105933
These faggots are dumb. I can download adobe photoshop crack and have full identical use of the program. I can’t download a car.

>>30105517
>>30105817
the "copy" is literally an ownership, you own the exact same thing the 6.6m money laundereing jew owns.
it's not an authentification proof of something, it's this something itself.
it's like if you could copy the hash of a BTC and exchange it for the same amount as the original. the entire concept of crypto is that the blockchain is a representation of something real, like monetary value, a contract or house ownership. if the representation itself is identical to what it represents, as it is the case with a fucking JPEG file, the fact it's on a blockchain and not on imgur does no have any implications.

>>30102489
honestly though, why not copy that shit?

>>30102489
augmented reality gf when

>>30101744
The absolute state of biz.

>>30105296
What happens if you forget your house's seed phrase?

>>30108913
You go to the ministry of housing that has a record of your purchase of the house

>>30109176
And what the fuck do they do? Make a new NFT linked to the ownership of the house?

>>30109224
No, they should you the records they have on their centralized database

>>30107674
>the "copy" is literally an ownership, you own the exact same thing the 6.6m money laundereing jew owns.
Except if the artist catches you and you can't provide the NFT signature, they can sue you

>>30109410
How does that help if you lost the seedphrase?
Unless you're implying that (((they))) should have your seedphrase on record

>>30101760
But it’s not protecting anything, I can copy any stupid nft image / video without hassle.

>>30109531
>Some poorfag twitter artist tracks you down and sues every person who saved their image without buying their faggy NTF
Yeah that's totally realistic...

>>30109531
probably bait but whatever, thats not true, the NFT is the token associated with the artwork, hence the T, it's the token, not the artwork that can't be taken/downloaded etc.

>>30101524
This is actually perfect
>create some nfts anonymously
>buy them with your crypto
>your crypto is now basically completely washed with just one transaction

>>30110411
This.
Money laundering is the true application of NTFs

>>30102838
where the fuck do I buy FLOW? I can't sit on the sideline any longer

>>30101524
YoU WoUlDn'T DoWnLoAd A cAr!!!1!

>>30109410
What's the point of the NFTs if they can just use the database?

>>30112519
Exactly

>>30112799
Pardon my autism for not seeing the sarcasm

Only real world application of NFT's I can think of (besides laundering money, which is good enough really) is in video games. Owning land and boats and art through NFT are good uses too, but not something everyone would use. People in the suburbs don't need a token to prove their ownership of some shitty painting their daughter did, and normal people just own commodities.

If shit in MMO's or fortnite or any game with lootboxes could be distributed via NFT's then it would offer the general populace a reason to start buying them. Shitty moms would like it because when their mullato crotch goblins accidently max out their credit card buying rainbow faggot skins and dildo helmets they can just sell the shit back. Nerds will like it because they can finally feel like they "own" the shit they have in game (at least until the servers get shut down). Trading card games are no brainers, someone could make a virtual MtG game that perfectly mirrors the actual retardation of the real thing.
All these things are going to happen sooner or later, I'd put good money on it.

The only question is where do we put our money now to capitalize on this later?

>>30112982
What's the difference between that and a centralized database?

>>30101524
It's not just digital trading cards, retard. Houses, cars, boats, legal documents all fall into NFT as well.

>>30113084
What's the difference between that and a centralized database?

>>30101524
NFTs are just preparing normies to accept the idea that all their data and shit will eventually be in the blockchain.

>>30104023
Retard, it's so musicians don't get absolutely cucked by Spotify. Not that musicians are valid or even people, really

>>30112799
What‘s the point of having an original Rembrandt or Picasso if I can just have a poster of it instead?

>>30113019
Well one is centralized and one is not.
What kind of a stupid question is this?

>>30112982
Add to that things like event ticketing (GET protocol) or maybe even patenting with NFTs.

>>30113157
Because the poster isn't the original and digital art is exactly the same if they are saved in an uncompressed format.

>>30113162
No government is going to let you own land or house on a blockchain unless its owned by them.

>>30101584
money laundering

or they just want to give the fine folks at Coinflux more work?

>>30113164
Yah, ticketing should be a big one. Every musician's wet dream is to be able to control their own venues.

>>30113211
Dude if you're too stupid for this conversation just see yourself out.

>>30106271
Yeah I guess if you want to buy a house in cash with no inspections or anything. One of the reasons it takes weeks to buy a house is to get the mortgage plus the appraisal and all the inspections and stuff done. It literally takes like an administrative assistant like an hour to prepare the closing paperwork.

>>30101524
another way for people to ponzi each other in the crypto world. Instead of making a shitcoin now you can just upload a png instead

>>30113412
There's no difference from tokenizing a deed to your house and having a record in the government's office

>>30114153
Except in the case of an NFT you actually own the deed instead of the government just saying you own it.