So what the hell are NFTs?

Sorry I meant “sole custody of the beanie baby” ^^^

All junk. Bitcoin only.

What does that mean, r2?

Money laundering.

As an experiment, I bought an NFT for "x" altcoin (not BTC). I now have in on sale for 3x what I paid for it. Will see if it sells. And I'm with OP -- I don't really get it. Why do these have value? But if someone wants to give me a 300 percent return on an investment, then I'm not going to say no.

It's digitized unique artifacts. Think if the original Mona Lisa painting was put on the blockchain and had its own, unique, blockchain address to prove its authenticity. You could then have proof it's the real deal and increase its value.

That's basically all it is.

That being said, Coin Bureau can explain it in better detail. And there's pictures for those of you who are more visual learners.

Melania is involved in this shit so it MUST be a scam. Those Trump grifters don't get involved in anything that isn't

What the hell is a blockchain?

America’s deathgrip on any excuse to make a buck. Capitalism uber Alles.

Jealous, bitches?

A man in Indonesia has struck gold after managing to sell hundreds of his own selfies as NFTs on the OpenSea NFT art market platform.

R10 that is BONKERS. I don't totally get it, but I kinda do. Like someone said on another thread, it's like Mary Kay for young men.

[quote] Capitalism uber Alles.

Lol, no. Crypto is, quite literally, the very embodiment of decentrilized finance. You have absolutely no idea what you are talking about. Like...at all.

Question - According to MicroSoft, someone (likely Russians) is quietly infecting Ukraine’s computers with a virus that irretrievably locks them down as a prelude (or an alternative) to a possible invasion. If true, and tens of thousands of Ukrainians have valuable NFTs, or even online bank accounts, what becomes of their “assets”?

I'm with R9 - it's another sign of the awfulness of capitalism. Where's the revolution?

.......

where are you buying your bitcoins? robinhood?

They're ways for people with cryptocurrency to pretend they have found a good use for cryptocurrency. And for people with more money than sense.

Some people are making money trading them, but they are Ponzi schemes, just like the rest of crypto.

Twitter has started allowing NFT user profile pics and they are already getting the Google Glass-style backlash.

Incidentally most NFTs are traded using Ethereum, not Bitcoin.

[quote]where are you buying your bitcoins? robinhood?

No. The crypto on Robinhood is not the "real crypto." It's basically an IOU of sorts. You don't actually hold the coin itself. Read their TOS.

Never hold crypto on an exchange, those can be hacked (as they've been in the past) and all the crypto you hold could be lost. There are also different fees on many exchanges which could result in your holding less of the coin than if you were to keep it in a wallet like Metamask, Trust Wallet, or Exodus wallet.

I've noticed most of the users on here are completely lost when it comes to crypto and have a lot of bad information. I think it may be a generation/age issue, because I notice the same with my mom and Aunt (both Gen X and Boomers respectively). Obviously, there are exceptions, mostly with Gen X compared to Boomers on up, but overall, there's a huge generation-influenced learning curve on this. There is no way I could cover it all in just one post, but I do recommend Guy from Coin Bureau as one of the best "crypto teachers" online (see below). Also, keep in mind that not all crypto is meant to replace fiat. Many "coins" are actually just representations of a technology that has utility in the enterprise space for global supply chain management, retail, even video gaming. When you buy these coins, you're not investing in a "currency" per se, but a technology that is meant to power a business or even be contracted by businesses.

Thank you R19!

Speaking of, R19, crypto.com just for hacked and a bunch of people lost millions.

yeah, bitcoin is down today.

r21, r22.

Fuck.

...........

Ok, I am not ENTIRELY sure, but I think it's essentially akin to owning one of those numbered prints you can get- and overpay for. The original art still exists, posters can be made, but the fact that you have an exclusive numbered print is supposed to make it worth more and make people feel fancy about owning it. (but really, who cares). But if I could think of something creative to make, I would be making NFTs left and right

I don't understand it at all.

[quote] ‘Our account had less than $1’: This couple made nearly $120,000 in under 6 hours selling NFTs to save their home from foreclosure

But r25 have you ever seen the average nft? The prints you can buy are typically prints of classic art, they’re limited in quality, and their actually physical items. You can sell them for dollars. When you buy an nft and it accumulates in value, what can you do with the accumulation?

^^^ limited in QUANTITY

Oh and “they’re actually” ^^^

How does one design an NTF? Is the programming language difficult to master? I know nothing of graphic design or most anything seemingly but am intrigued.

Here ya go r30 (and anyone else curious):

Btw, NFTs don't necessarily have to be works of art. Anything that can be considered a rare, digitized, collectible can be an NFT.

OnlyFans is more profitable for me.

Someone sells you something intangible and associates it with a long, unique code. They then go to the blockchain, which is just a ledger shared and synced on multiple servers owned by many different parties, and they record that long, unique code and the asset it's associated with. Therefore everyone knows that if you have the code, you own the asset.

Is that right? How does one make sure that only he, who purchased the asset, has access to the code? If it's on a shared ledger, won't others be able to see the code?

Too much money is sloshing around, and not being invested into real things.

Listen, op, if you don’t know what it is by now, you’re never gonna know.

So does that Indonesian guy actually have a million dollars? Or does he have something that claims he has a million dollars?