Why NFTs Deserved To Die

[@CynicalReviews]

Go to buyraycon.com/cynicalreviews for 15% off your order! Brought to you by Raycon. Get Early Access to uncensored, ad-free version of videos by joining my Patreon or becoming a KZbin channel member. PATREON - www.patreon.com/CynicalReviews CHANNEL MEMBERSHIPS - kzbin.info/door/1DCPS2j-o0bvfIilkc8RSwjoin KZbin Channel Members Anna Maria Hernández Boring AF Chris Hughes Edd Starr Filip Malý Joe Koji Brooks KrashandBurn Matthonius Poli Rus 13 Uncle Nought Top Patrons Aziz Jiwani The Cuddly Bot Boring AF Burnhard Franka Stephan Friendly Neighbourhood Bee Necromancer Guiseppe La Monica Raddels Susanne Kroner Other Patrons A Alastair Oxby Alberich Alex Walsh Alfred Edwards Alicia Windsor aloofstrife anemic4096 Anna Sams anonymous person Autocharth Avery Swanson Batman Kills People Ben L. Cards Carla Hoffman Clarissa Wee cody Huinker Colton Courtney Schmitt Călin Breazu Daemonumcamo daniel kneeshaw David S. Deborah Derpy Doughnut Dimi Petk Dirty Dan Ede Durchian Eva Schuit Eve Fona AL-mansour Francisco J. Fritz gorbadoekie Hammer Hartwolf Hayden Barker Ian T Gray Isermire Jack lc Jacob Siptak Jay Joe Schumacher John Wheaton Joseph Richardson JoYKiLL Kai Katharina Gloning Khoua Yang Kimber Kitty Kobayashi Maru Lady Zira Leigh Reynolds Leon Yearwood LillysHazelEyes LittleMaecenas Lord_Melonlord Louie stanley Luke Peden lulume Maiza Malice Martin Mark Martina Bizoviti MASTER STEW matrix_909 MattnessLP Meghan Ruth Michael Barnes Mika Hendersin moon lily Mystique Meredith Myuu chu Necromaster810 Nicholas G. Nick DeBruyn nika kotnik Olivia OneToxicPixel Oscar Medina Pallaspunk Pascale Leonelli Philip Emmerson PhotoRook ponz Primaryglitch Raven Wales Raven's Cry Reaper-sama RentEldDoor Robert Fithen Rox Rule Finlandia Rusty Banner Sally Santoyo Shannon Walker Sholto SmilingWorlock Something Clever Stella Sadbrains Stout Shako Sven.Leeuwen Swaggy_T Tactical Bagels The Cheap Pencil Show The Tea Shop Crafts tiredglow Tom Steele-Kendrick Tsar_Chidgrat Unknownthing2477 Vanessa-Lynn Wilkens Wayne Bawden William Hornstra Woad Warrior Art YumeAislinn YYEyes Zahra S Zichz Zoraprincess91 Étienne Nicolas Stark

[@Jack_Saint_Archive]

Thank you Cynical for making this video. NFTs are harmful to environment and it is great that you're talking about it. Also the new intro is much better.

[@iantaran2843]

Man. Leave it to Cynical Reviews to word it that well. I must applaud you, you would make I good teacher 🤷

[@jremington123]

Running is bad for your knees. Walk 3 miles a day and eat a low calorie diet = to your weight x 10. You'll lose 10 lbs a month. It works.

[@jesseludwexion1747]

Hello mr cynical! This maybe off topic but will you ever review the new Prey movie?

[@dun0790]

But that's all physical tradable goods were can I buy your thoughts and sense of fashion

[@ScorgRus]

- want an unregulated market - buy a bunch of non-physical stuff - get your shit 'stolen' - call for regulation

[@lanceash]

Similar: buy the property next to Penn Jillette's and put in a hog lagoon. Watch how fast his libertarian values evaporate.

[@derpherpington3129]

you mean Crypto in general?

[@derpherpington3129]

@@lanceash i'd prefer making the property next to him bearing a major resemblance to a literal --shit-trough-- Water treatment plant.

[@trevor3013]

This also applies to taxes. People want this and that and complain about state taxes even though that's what's required for the things people want and you can't seem to get it into their heads how it works

[@aircobra1337]

-know that they were harmful to the environment.

[@TheXtremeBoltGuy]

The fact that the man who INVENTED NFT's dissowned the entire concept, going on to state it was the most horrific thing he's ever done and that he'll never truly be able to take it back or the damage he's done should be all you need to know

[@JoshSweetvale]

NFTs and CFTs. He's got that Thomas Midgeley Jr. style of self-loathing.

[@caraldinho]

Alfred Nobel after inventing dynamite:

[@hailthequeenFM]

Oppenheimer after creating the nuke.

[@Houtont]

Man who built stocks for a village after overcharging for the stocks.

[@illseeyaonthedarksideofthemoon]

Internet's Frankenstein.

[@lordbarristertimsh8050]

I know NFT-Bros are going to say "NO YOU'RE JUST CHERRY-PICKING THE NEGATIVE POINTS!" Well, if CynicalReviews here could throw together a video 1 hour, 10 minutes and change long, then maybe the problem is that the NFT Community has bloody way too many cherry trees!

[@blakksheep736]

I love this.

[@valivali8104]

And they can’t give examples of nfts/cryptos working, only lies and bullshit...

[@unf3z4nt]

Perhaps the entire orchard was rotten to the core. *Continues the fool's errand of finding a good cherry tree within the said orchard.*

[@paulsd9255]

@@unf3z4nt It's like wading through questionable tags on Twitter to find decent artists in obscure spaces Or traversing VRChat worlds to find someone not annoying and willing to socialize with a text chat user

[@TheDisquietingNight]

Gonna use this someday

[@st.haborym]

NFTs didn't deserve to die, they didn't deserve to become a thing in the first place.

[@TheIndogamer]

NFTs didn't deserve to die, they're a good genre of comedy that even made Amy Schumer funny for once!

[@takthechroniker456]

@@TheIndogamer I dunno man : these levels of cringe exposure are a genuine threat to my mental health.

[@TheIndogamer]

@@takthechroniker456 nah, nah. The fun part is when people talk about it, shit on it, and the funny part is seeing legit NFT bros failing in life.

[@EdyAlbertoMSGT3]

@@TheIndogamer Natural selection.

[@bencastor9207]

They were created to wash money you made from sites like the Silk Road, it's just that people saw them being sold for millions of dollars and assumed it was any other crypto investment when it was never supposed to be.

[@TotallyNotSkylerVT]

As an artist who has literally been told I should try making nfts I find them beyond stupid. Artist have been getting their shit stolen for forever so for nft bros getting surprised that people are stealing and downloading their nfts is so hilarious.

[@lanceash]

Now they're getting computers to make digital art based on whatever random words you throw at the program. They're getting computer-generated art to win contests. But here's the thing: it's all essentially photographs on paper. Real CRAFT, real paint daubed and smeared and brushed onto canvas is tangible and non-reproducible by a computer. You can SMELL an oil painting. You can SEE the artist's fingerprints on the canvas (at least on mine you can.) There will always be people willing to pay for and to own a REAL work of art, something you can hang on your wall and stare at and get more out of as the years go by. Some transient, ephemeral print-out is not going to cut it.

[@jbird4478]

@@lanceash And that is yet another way how artists get their shit stolen, because guess how those computers can generate images... by using massive amounts of artwork that they scrape from the internet without permission.

[@lilac2238]

At this point every artist I know including myself has heard this once

[@alphamarigi]

People steal art to put them on t shirts too

[@CorporateG0th]

Well there's a misconception here. These people do not buy the copyright to the image, a copyright defaults to the author and isn't transferrable. What they're buying is a contract, that conceivably has some conditions about publishing rights.

[@dovacraft5772]

my problem with ntf's is that there is no finite amount. with the tulips they were a rare thing and if not taken care of would die, so the scarcity and rareness made them valuable. theres millions upon millions of ai generated nft's which in the long run makes them worthless because there is no limit to how many there can be

[@ninavale.]

also NFTs are generated by AI, as you've mentioned, and thus don't require much-or any- work or effort to put into them. You can generate hundreds(or more) within minutes. Part of that care is the time you have to give to them. Growing a flower even one in a pot-not to mention a whole garden- takes TIME. They won't appear there the moment you plant them. Plus tulips cannot be grown just anywhere, aside from the care they need certain circumstances to grow. Like certain types and quality of soil and certain climate. Like any living thing in the world. There are places where they won't grow naturally and then you need to put even more effort to create those circumstances. Like built a greenhouse and buy soil for them or install sprinklers bc it doesn't rain as often....

[@TheLegPumpkin]

NFT's are just a bubble speed run, mixed with a ponzi scheme. With Tulips there was at least a tangible product, NFTs operate on the Bigger Idiot will buy for more scam.

[@TheLegPumpkin]

Plus you couldn't steal or clone a tulip with teenager level coding. Look at Seth Green, his got "kidnapped" and he paid $300 grand to recover it because ownership seems to be 100% of the law and comes with rights to make his awful cartoon he's planning on.

[@mikevanelsen6421]

Also ai generated art has no intellectual property rights.

[@BlueflameKing1]

Agreed, for something to have value or commodity. That's why gold, shells, and even cattle and grain were used as money. They are finite or very hard to recreate. An nft doesn't work because it is something on the internet that can be easily recreated or changed in a way that makes it different from the original.

[@snbsixteen6stars201]

tulips make bees happy, makes a pretty garden, is a uniek piece of nature, makes amazing pattern fields, are a symbol of love in many cultures, NFT's are a black hole of nothing

[@max_punch]

So basically, even other scams are better than NFTs lol

[@snbsixteen6stars201]

@@max_punch basicly Yea totally

[@ViperliciousOG]

I've never seen unique spelt that way o: kudos to you :P IAS You're 100% right. At least the tulips served a positive purpose, more than one! NFTs are so twisted they even found a way to make Amy Schumer funny again for a few seconds 36:35

[@Lemoncakelover678]

@@max_punch Its a scam that you can understand why it worked, why people saw value in it. With nfts, its really confusing for all its hype considering the art doesnt even look somewhat decent most of the time, its boring, dull and lazy which makes it have no value even with nft bros logic. At that point, if you wanna spend money, just pay a commission artist to make art for you instead of wasting it on mediocre/awful art that you cant even own and easily can be stolen from you due to lack of security. At the very least the art from a commision artist would look decent.

[@snbsixteen6stars201]

@@ViperliciousOG uniek is the Dutch translation, as you could tell am dutch myself and tulpes have bin deeply woven in are culture and history

[@TheXtremeBoltGuy]

I'm a game dev. My dad tried MULTIPLE TIMES to get me to quit and turn all my characters into NFT's because it was a more 'lucrative business' and of course I completely refused. Then everything crashed. Who's laughing now? :)

[@engelostermann7203]

You. You are the one laughing.

[@privateinformation2960]

NFT bros because theyre f*ing disconnected from reality and still believe theyre gonna be rich.

[@Anomaly188]

On a scale of 1 to Fucked, how stupid is your dad?

[@Keracen]

My mom keeps trying to get me to draw nfts 🤮🤮🤮🤮

[@pimplepickerton]

​@privateinformation2960 I got a friend that follows all the new NFT drops and mints all the free(there are a lot of free ones) or low-cost ones, then sells them. He spends a few hours each week doing it, and he often tells me about multiple thousand dollar profits. They don't all make money, but it seems to be worth the time because the ones that do make money make a decent amount.

[@nerdoftheatre]

55:40 My favorite part of the second Red Ape Family episode is that.... If you want your character to be in an episode, you have to pay for an NFT. But if you give them criticism, they'll put you in the series for free.

[@cillcamst2]

Saberfart :D

[@FirstnameLastname-sb3hj]

Best Value!

[@SlyBalto]

saberfart is my favorite anime character

[@katherinesmallbean3594]

Saberfart unironically looks more visually appealing than most of the main cast

[@AnnoyingSquib]

​@@katherinesmallbean3594A little late on this, but it's not really ironic. Saberspark's toon is what you get when you have an actual artist with knowledge of appealing character design. Even a basterdized version like Saberfart looking good is proof that Saberspark's character is a strong design, while bored apes are shitty.

[@dakat5131]

Something that annoys me about NFTs or NFT fans is not just that they're selling effectively nothing (The pricing of the idea of imaginary wealth, detached from any actual business or production performance)- it's also that they've taken over the "art space". Any time you post art, they use it to promote their get rich quick schemes. It feels so icky to look and see all the engagement coming from people who have never tried to be artistic filling their pages with real art to try and make it look like they're artistic or art appreciators when they're not.

[@lippe-abayomi1627]

They didn't use it correctly.

[@igordu2238]

🤣😂

[@Snakeofwrath]

Exactly! It takes viewership and even profit away from artists and a lot of the NFT art is just art stolen from their original creators

[@NoxDolore]

Yeah I have so many scam bots/accounts on my IG page when all I wanna do is show my paintings :(

[@nelisezpasce]

Demoralization tactics

[@eazy8579]

Here’s the difference between tulips and NFTs: Tulips actually look nice, they can reproduce themselves, and can be eaten, and you get a physical thing

[@UzUMaK1-Lee]

This may be a stupid question but you can eat tulips?

[@eazy8579]

@@UzUMaK1-Lee Its not at all; Tulip bulbs can be cooked a certain way and eaten, and the petals are edible (they taste like pees), but the Bulb must be prepared properly or it will be mildly toxic, though usually not enough to kill a healthy adult; so long as the center of the bulb is removed, it should be fine to eat, and they taste somewhere between onions and garlic

[@UzUMaK1-Lee]

@@eazy8579 Oh cool, thanks

[@SiRenfield]

And with Beanie Babies (or they’re more modern equivalents and my addiction of choice Squishmallows) they’re at least cute and pleasant to the touch, and you at least have a slightly higher chance of getting a girlfriend (then again I’m female so I might be biased but what you gonna do?)

[@jmax6750]

@@UzUMaK1-Lee iirc they’re basically emergency food, yes you can eat them but it’s only (either someone who’s feeling really creative) in a time of mayor food scarcity that someone would actually eat them, like nearing the end of WW2 when the allies decided to forget the liberation of the north in favor of pushing straight into Germany which cut off food supplies (and is the reason why Flavoland, our 12th province exists)

[@ursadabear2810]

There’s a very sadistic part of me that wishes Cryptoland happened *just* to see how it collapsed along with the crypto and NFT markets.

[@bencastor9207]

Crypto hasn't collapsed, Santander literally allows Crypto trading for its Swiss customers.

[@fart63]

@@bencastor9207the value of all crypto has dropped like 90% across the board

[@M50A1]

​@@bencastor9207Copium

[@alaeriia01]

​@@bencastor9207 ugh, of course they are.

[@CarbonatedGravy]

Crypto has actual merits to justify its existence (some of them anyways) enough that their value isn’t 100% speculation, NFTs literally only exist to hopefully sell to a bigger idiot

[@mhc706]

“If the diamond gets destroyed in a fire” could have used almost anything else but decided to use an object that is known for its resilience and fire resistance. Straight from the brain of someone who falls for a scam and can’t cope

[@JodiStrikesBack]

The irony of using diamond is that they aren't even that rare, they are sold for $$$ loads of money because that was the marketing campaign to sell them as special items and people began flaunting them as a social status. Diamonds are also a scam!

[@matehiqu9905]

@@JodiStrikesBack but they do have a practical usage for drilling iirc, so even without the hype around diamonds they'd have that, while NFTs are completely worthless without the hype

[@JodiStrikesBack]

@@matehiqu9905 Oh yeah I forgot about that. I was solely talking about diamond rings. There is no real reason to pay nearly millions for a ring. The number was just made up and people bought them for that much. Like the NFT comparison that one of the tweets was trying to make in the video. The irony!

[@bolbyballinger]

@@JodiStrikesBack Diamonds aren't rare. Quality diamonds, the crystal clear ones that go onto rings, however are. Add in that a cutting process is needed (and they evaporate rather than melt so you often can't use the scrap) and most of the high value is justified.

[@gokuxsephiroth4505]

Ikr? You'd be able to sift through the remains of all your worldly possessions and find that thing. You lose internet for a few days and someone's gonna nick all your apes lmao

[@ScorpSteed]

I am in full support of Cryptoland It’s the classic solution of “We should take all the crypto-bros and push them somewhere else”

[@Colonel_RamRod]

😂💀 love that episode

[@The-Do-It-All-Badger]

Kinda like a leper colony.

[@megahobbit5972]

Me lad! You would be sentencing so many to death. Im down so when do we do the first shipping?

[@LchanOtakudom]

Now that you put it that way, I’m totally in on this! Where do we start? I can bring the bulldozer!

[@dawsonfoorfour]

@@The-Do-It-All-BadgerNah make it more Australia when it was a prison island.

[@theotherjared9824]

I have heard three great analogies for NFTs: 1. You buy your groceries and months later try to resell the receipt. The food is long gone, but you still "own" them. 2. High end fashion lines like Gucci often provide certificates of authenticity for each item they sell. NFTs are if they just sell you the certificate with no hand bag. 3. You are happily married, but anyone can bang your spouse at anytime for free without your consent. NFTs are your marriage license.

[@airplanes_aren.t_real]

At least in the third one you're happy

[@aftonstan5494]

In some marriages people are ok with spouses having sexual partners other than them. Swingers, polyamorous ppl, polygamous marriages, etc. The marriage equivalent is like having a certificate that says you got married but you have no legal recognition, no wedding ceremony, no spouse, just a picture on your phone of a pretend spouse.

[@ErinJeanette]

I love your name 😂 I'm like which Jared is he trying to separate himself fr- oh yeah 😅

[@airplanes_aren.t_real]

@@aftonstan5494 Yeah that's a way better comparison

[@neoqwerty]

@@aftonstan5494 It's like getting married to your Otome husbando or your harem game waifu.

[@jeepmega629]

I’m an history buff, and seeing that guy comparing NFTs to the discovery of fire made wheeze through my nose. EDIT: 2 years later and NFTs are deader than a pig on a spit roast

[@harry.t.radio95237]

NFTs have helped us discover something though, that some people lack a proper brain and grip on reality. In 5 years, this fad will no more than a mere post-it note in history.

[@alexjewett7455]

​@@harry.t.radio95237 maybe not even that. It'll be more like a footnote to a footnote of a post it note of history.

[@blakksheep736]

​@@harry.t.radio95237 it'd make for a really fun chapter in finance textbooks, definitely, God knows those things need the livening up.

[@xaevius5319]

@@blakksheep736 why? with the amount of scams and collapses over the years? i imagine it'd probably be pretty alright

[@blakksheep736]

@@xaevius5319 yeah, but like they could do with more.

[@vonadi5285]

I would like to remind everyone of this quote from Ubisoft's NFT director: "There is a lot of habits you need to go against and a lot of your ingrained mindset you have to shift. It takes time. We know that." -Nicolaus Pouard, Blockchain Initiative Director @ Ubisoft I just think that's a really neat nightmare-dystopia villain quote.

[@dakat5131]

"But it was all right, everything was all right, the struggle was finished. He had won the victory over himself. He loved Big Brother"

[@Screamingmanta]

Sounds straight out of Half Life 2...

[@CodecrafterArtemis]

Not surprising, considering that Ubisoft CEO Yves Guillemot has employed sexual abusers in his company. He's all used to creepiness in the workplace.

[@thepanpiper7715]

...this sounds like the speech you give to someone returning to work after having had several complaints of sexual harrassment levied against them.

[@El_Descarriado]

@@Screamingmanta Thank you for writing, 'Concerned'.

[@megsley]

my favorite analogy for NFTs: it's just the "name a star" scam except you don't even get an actual printed certificate and costs 3000x more.

[@clashtwo5066]

Just like the “Become a Lord with this 1 square foot of land” scam

[@Bustermachine]

@@clashtwo5066 I mean, I'm pretty sure those are more like gag gifts than scams. They're silly and typically pretty harmless and everyone is up front about it.

[@BiBiren]

@@clashtwo5066 i see the sponsorships of this. I thought it was legit even though at the back of my head thought if this is legal to do?

[@clashtwo5066]

@@BiBiren It is legit, the people in this thread are too dumb to tell the difference between a scam and an authentic novelty service. 10 people + OP think that just because it’s something they don’t like, it must be a scam.

[@J.DeLaPoer]

​@@BiBiren Well for example the biggest and most reputable companies actually do have land in Scotland or wherever. You do get to "purchase" a tiny bit of it, and some even let you physically go visit your little 2sqft domain. Legally, as I understand it, it's kind of like a technical sublet deed and you are most certainly _not_ a real Lord or Laird or any other title. Titles, grants of arms, peerages, etc are generally hereditary and/or can be granted only by Royal assent. They're handled by the Lord Lyon, Court of Arms or other government department, depending on the country. So you receive a fancy certificate of "lordship" that's just "granted" by the company itself, and the company is the only entity that recognizes it. In reality you're a tenant with an unrecognized 2x2ft plot you can't build on or use at all, and the title is only worth the paper it's printed on. If the company goes out of business, you lose the "title" and your "ownership" eg; tenancy of the land. What they do isn't illegal, if you agree to the fine print, but for all intents and purposes it's not a real Lordship. Same goes for those companies that claim to register you as a knight, complete with full sets of government ID issued with your official title of knighthood. As I understand it you're not a real knight either; they just offer a convoluted way to exploit a technicality in the ID system and register "Sir" as your legal name or courtesy title in X country -- or other similar trickery. Again any such titles are handled by an actual government department, and considered pretty serious business. These type of full ID offerings are pretty shady usually, and tend to cross a few legal lines. If anyone tried any serious assertion of their "lordship" or "knighthood" they'd be greeted with either laughter, or some kind of fine or charge for false representation or imposture or something depending how hard they pushed it. At least the "Lord X of X" thing, you get a tangible bit of property for your money that you can travel to and physically stand on, if that gets you off lol. As the other comment said, it's just a bit of fun that everyone's up front about; at least for the reputable companies so I don't take issue with it.

[@evanhanley6437]

NFTS truly are one of the funniest and stupidest ideas ever created. The memes made about them are absolutely priceless. The fact people make them and sell them shows how much we have failed as a society.

[@thecinematicmind]

and most hilariously of all, it isn’t even good design.

[@sawluke]

Be that as it may, people pay for them. They're speculative price wise for sure, but a single right pick of one can exponentially increase your investment. Been in crypto for a while, but just like an old dog who can't learn new tricks, i've finally caved...just this week in fact. NFTs are stupid, but there are even more stupid people out there willing to pay more than what you paid. At that point, profit is profit. Don't let your emotions get in the way of what can financially benefit you

[@sawluke]

@@jonatanrobledo9812 You mean to tell me anyone who invests in stocks or any derivative has no 'morals'? Lmao...stay poor kid

[@jonatanrobledo9812]

@@sawluke Ohhh, NOW it's stocks and not crypto? Did I miss a transition frame or something? Just, get lost, please. Go eat on your crypto restaurant or something. Oh wait, those failed too.

[@JustSomeDinosaurPerson]

NFTs were just the next money laundering scheme anyway. Anyone who says otherwise is either a moron or has an ulterior motive. Especially the guy saying "stay poor kid".

[@RatifiedWeirdo]

I introduced nft's to my mom to show her how dumb this is, and she literally asked me to make and sell nft's💀 That was the day I stopped showing my mom anything on the internet

[@Jenna2k]

She supports separating stupid people from their money or maybe just dumb

[@fauxrowsdower7610]

oh jesus don't stop showing her internet bullshit, she'll get scammed and spend 100k on crypto AI NFT minmax smart wallet metaverse or whatever the next dumb tech hype bubble is

[@caitlinsnowfrost8244]

I find it kind of funny how many NFTs are just "brightly colored anthropomorphic animals with weird accessories and hair" because I feel like NFTbros are the type to absolutely *hate* furries and yet not see the irony in spending 1 million dollars on a JPEG of purple dog.

[@wolftamer5463]

There’s some truth to this. Furry artists were among the “haters” denouncing Cryptoland as a stupid idea and the crypto bros pounced on them being furries despite their own art heavily featuring anthropomorphic animals.

[@Godzillafan78]

@@wolftamer5463isn’t that the same guys that said that his awful tweet about the age of consent?

[@SomthingAwful]

​@@Godzillafan78 yes it is

[@FTZPLTC]

The great thing about right-click-save is how many people react to it by very angrily explaining that you don't own the image and you didn't actually rob them... because they assume that you don't understand that. They say you don't own it, but I feel like this is them realising that they might not really own anything either.

[@Tiishen]

Yeah they're all like "BuT yOu Don'T aCTUaLLy oWn it!!!!!!" except anyone who right-click-saves doesn't give a damn about that

[@albertchristian1]

"YOU DON'T ACTUALLY OWN IT!" Okay. So why does it bother you so much?

[@FTZPLTC]

@@albertchristian1 - I like how the guy with the green background is adamant that you MUST STOP doing it... even though it can't possibly do any harm. And the fact that "you don't own it because you can't sell it" is the main basis for the claim is pretty funny. They're basically admitting that there's no point in owning these things if you don't intend to sell.

[@neoqwerty]

@@FTZPLTC Also extra funny ironically, given how many NFTs are people stealing art from artists who work on commissions... or who are DEAD.

[@cranberryrosebud]

"You don't OWN it, LOSER (delete that screenshot, pls 🥺)"

[@GrandCorsair]

The idea that you can buy a NFT and a say in what happens being a selling point of any game, movie or animation sounds like a horrible idea. Fandoms can already be toxic without adding people being able to buy their way into canon.

[@somedudefromTX]

The good news is that will never happen and the even better news is that anyone who did try to buy their way into cannon got scammed

[@bolbyballinger]

Or we get more boatymcboatfaces. Basically that's when someone leaves the naming of something to the whims of an online poll and some trolling group (famously 4chan) notices and overwhelms what was intended to be a small scale poll with their numbers. If a cartoon with this mechanic ever DID get popular it's all but guaranteed that they'd strike.

[@lippe-abayomi1627]

@@somedudefromTX You don't seem to understand.

[@chelscara]

Idk why but the first image in my head after reading your comment was The Princess from the Power Puff Girls, the maturity level definitely fits them

[@Montesama314]

Larger corporations will shut that shit down real quick when the audience's "input" risks business.

[@prepubescentteenexplains6643]

Buying an NFT is like paying a barber $100k to give you a fresh haircut (probably stolen) and a piece of paper saying you own that haircut. You then proceeded to get mad and try to sue anyone who sees the haircut and copies it because they liked it or smth.

[@prepubescentteenexplains6643]

Also you only got the haircut because you wanted to sell the piece of paper that says you own it.

[@tafua_a]

Also, you never actually got that haircut.@@prepubescentteenexplains6643

[@thefpstester1293]

​@@prepubescentteenexplains6643 And it ends being a bowl cut or smth

[@Atom.Storm.]

Two of my friends bought nft's. When I turned and told them that they had literally just paid to buy a receipt, they went silent and you could see the realisation of what they had done.

[@ashikjaman1940]

Bro my cousin bought 1 but still doesn't even know what it is lol.

[@8888BALL]

@@ashikjaman1940 Woof. hope it was cheap at least

[@elbruces]

Even calling it a "receipt" is going too far. Technically receipt is a legal form attesting that you actually received something.

[@lightpoint4426]

Yeah. If you think about it without the money-colored tulip glasses the entire thing falls apart. It's hilarious, and sad :(

[@SkibidiSigmaFromOhio69]

@@elbruces It's more if you owned the barcode of a product

[@GameUnCrafter]

Can we all just take a moment to commemorate Keanu Reeves genuine laugh at NFTs?

[@blakksheep736]

Indeed.

[@matthewgillis2617]

I didn't know that John Wicke had such an adorable giggle XD

[@Sage-Thyme]

​@@matthewgillis2617 I couldn't help myself and had to go look that up, was worth it, that was a top notch giggle.

[@ptonpc]

The laugh of a man who actually knows what he's talking about.

[@ScrambledAndBenedict]

That man is a national treasure.

[@benanderson89]

I came back to this video because the NFT market collapsing gives me the good feels, and it's neat to look at it in retrospect. I also did a bit of internet searching and it's pretty clear that right now it's just this strange niche that, more often than not, also has a boat load of denial thrown in; one website only two months ago, coin gecko, said (paraphrased) "OpenSea is down 99%, so the NFT bubble might have burst". MIGHT!? Like... bruh.

[@RedCornix]

This time for sure eh?

[@alaeriia01]

Well, the good news about OpenSea losing 99% of its value is that it can only lose an additional 100%.

[@Ratsyrup]

My boss slowly and quietly let his company go under in favor of NFTs. My husband and I didn't find out we were out of a job until it was too late. No, my boss isn't an artist. He's buying them to resell. He's a used carsales man for digital art. I hope everyone that buys into NFTs has a very horrible future.

[@AmandineClaireDubois]

South Park did warn us.

[@ape5722]

😂

[@ghosthunter7496]

"I hope everyone that buys into NFTs has a very horrible future" What's wrong withe being hopeful about a certain product or a new piece of tech. It's the same with AI art. Some people will just hate it without even understanding it at all.

[@Have_some_plasma]

@@ghosthunter7496 Blockchain (and NFTs by consequence) use a total of FUCKTON of carbon, popular ones are riddled with scams, rugpulls, pump&dumps and what have you. AI art is a program making you pictures on your prompts. The only thing in common between them is that they're relatively new and untested (part of a reason why NFTs are so unsafe).

[@Mia-tt1gt]

@@ghosthunter7496 don't come into the comment section of a video about how bad NFTs are and then act surprised when people aren't being very positive towards them 💁‍♀️

[@johnmanfreda2738]

I was not expecting an NFT manifesto from Cynical Reviews here, but I'm all for it. I hate the damn things, and Crypto cost my mother money (while I told her not to be in it).

[@GreenKnight07]

How Is She RN?

[@FirstLast-cg2nk]

The Tulip-mania bit and the whole NFT-space reminds me of something I heard not long ago: "Be greedy when others are cautious; be cautious when others are greedy." Most people don't know what good investments look like or how economies work, nevermind how to tell what is or is not a scam. So, when many people are greedy to invest in something, it usually isn't the next big thing, it's the next thing that'll make thousands of people homeless when the bubble bursts or market correction comes in. "Round and round the Open Sea, the Bored Ape chased the bubble, the Bored Ape thought he'd fly to the moon... *POP* goes the bubble."

[@neoqwerty]

I still can't believe that Neopets prepared me for not falling for these kinds of scams back in 2005 and how to invest and gamble properly (yeah, I know, no safe gambling, but grinding numbers in basically a virtual horse race and only betting/investing only what you'd be fine with throwing down a sewage grate.)

[@Oturan20]

@@neoqwerty GTA V stock market for me.

[@zanwrightmfwr756]

This. They treat NFTs as a collectible and call it "an investment".

[@wingsandash]

The Falling Man NFT is a direct ripoff from an unbelievably tragic event -- a man jumping to his death from one of the Towers on 9/11. Someone made money off of that. There is no bottom. Sigh. Anyway... a sincere thank you, CR, for this extremely well-done video.

[@AnikMonette]

By saying that "there is no bottom" you jinxed it! And I'm not even superstitious, it's just that I know someone will come up with a worse idea... Sadly!

[@wingsandash]

@@AnikMonette I jinxed nothing, and people come up with worse ideas all the time, hence the point of 'no bottom'.

[@AnikMonette]

@@wingsandash I feel like my comment annoyed you, my bad. I was a tad drunk! 😆

[@gagejohnathan9641]

​@@wingsandashthere was an Etika nft. *Etika.*

[@wingsandash]

@@AnikMonette You didn't, it's all good.

[@riccardocalosso5688]

I always loved that if you translate non-fungible token in the literal sense in Italian, it becomes "token that doesn't work"

[@tesseract_1982]

Well my spontaneous association with the word "fungi" is gonna be biology related, so I cannot chase away the mental picture of its secret deep meaning being "cannot be turned into a mushroom"... Mycelophob? 🙈

[@KnakuanaRka]

@@tesseract_1982Well, business doesn’t seem to be mushrooming as of recently.

[@JoshSweetvale]

The non-fungibility plus corporate ownership is the best argument against even Crypto.

[@saspitite]

my italian is still very broken but i also noticed that and am very happy someone else pointed it out

[@Jenna2k]

Italians got it right

[@NoxDolore]

I've said this before, but I had a family member try to pressure me into selling my art as NFTs. My friend called this career suicide, and I couldn't describe it better to be honest.

[@adamhunt429]

As an artist, and a huge crypto "bro" but not in the cultish way. I've been told to turn m y pieces into NFTs , but I've been wary . Idk

[@spaceacepl4636]

@@adamhunt429 imo this stuff is "kinda" dying or is already pretty dead so i don't recommend doing that and now that people know you're an artist, your art might get found and forced onto a blockchain for all eternity (or at least until the thing collapses)

[@gingerpotter21]

Well it has been a carreer launchpad for me so idk 🤷‍♂️

[@therealopaartist]

@@adamhunt429 dude I’m begging you for all that is good, get out. Get out NOW. This stuff will crash harder than the 2008 stock market. GET OUT.

[@SUSHlMII]

i had the same problem but me and some of my friends are the ones saying its a falling plane with a broken engine career

[@a.terterli1659]

I remember the turning point for me when it came to NFT's. Before that I just thought about them as fun stupid novelty for rich people. But after seeing that someone took an artwork of a creator who passed away and then tried to sell it as NFT the only feeling I have for these is hatred.

[@the_sky_is_blue_and_so_am_I]

Me too I wasn't following the artist but it makes me boiling.

[@partygamingz3332]

@@the_sky_is_blue_and_so_am_I bro people even be making NFT's of dead people like technoblade days after his death. At this rate it isn't just an insult for hard working freelance artists and the art industry as a whole. There should be laws to regulate this shit cuz legit there is no good use for it unless the person making the NFT is donating the money to charity (which is not only rare but their good deeds will look bad since their using a method known for its scams)

[@the_sky_is_blue_and_so_am_I]

@@partygamingz3332 NFTS OF THE BLOOD GOD!? I am invigorated with pure rage have they lost their mind????

[@DominantDinosaur]

happens everyday in the normal art world aswell, dont let that push you away from nfts. every industry has trash people.

[@haruhirogrimgar6047]

@@partygamingz3332 Not to defend NFT's. But isn't after someone dies the most respectful/fine time to use their art or likeness? It literally cannot affect them in any way. It can't upset them, steal wealth, hurt their future prospects, etc. They are dead, nothing we do or say about them matters. Wouldn't it have been worse to make an NFT of a currently living artist and earn money off of their work without giving them any? Or doing the same with someone's likeness while they are alive?

[@masterplusmargarita]

"If you took a picture of the Mona Lisa, you couldn't sell it"... Yes, yes you could. There's thousands of reproduction prints of the Mona Lisa around the world. My uncle has one hanging in his corridor.

[@Hawk_Bro]

He means online, with no physical copy you can hold

[@guyman1570]

​@@Hawk_Broyou can, just need to find a sucker

[@Hawk_Bro]

@@guyman1570 basically the thinking behind how all ponzi schemes work lmao

[@leiajiang7877]

23:20 as a tiny little child, I once heard a story. A rich man is very protective of his money and put all his riches in a chest, with the best lock in the world. One day he was informed by his servant that his chest of treasure has been stolen. He stood up in a hurry and felt that he still had the key and sat down saying well I have the keys so no worries. That's what this reminds me of. I was a toddler and I thought it was ridiculous. They are so fucking dense Guys guys guys, the fact my man put all his money in a chest means he don't even have a safe. Which mean this story takes place in bubonic plague times lol. Point is even if whoever stole it can fucking open it, my man still don't have anything but a worthless key to a chest he nolonger owns......

[@TheAlicePerson]

unless it's the most protected blast proof chest in the world that would make sense but most cases it's not

[@w0omylord764]

@@TheAlicePerson laser cutter tho?

[@suisui5930]

@@TheAlicePerson what part of it that makes sense if the dude can't even find the freakin chest?

[@TheAlicePerson]

@@suisui5930 idk but if the robber can't get into the money the chances the money is intact is higher

[@ultimamage3]

@@TheAlicePerson The robber could literally just take the chest with everything in it, still depriving the rich man of his money, key or not.

[@NoisyBones]

The thing that gets me is that decentralized entertainment already exists, it’s called roleplay. You can do it IRL, you can do it online, you can do it in a videogame, there are even structured ones like DnD and let’s not forget pro wrestling. The best part about all of these things is that they don’t cost $100k to get in to and you can even design your avatar to look exactly like you imagine.

[@therforeiexist5724]

FINALLY SOMEONE SAID IT- CHRIST

[@Rhinemann]

Facts.

[@williambeisel5686]

True, except warhammer, that does cost $100,000

[@Rhinemann]

@@williambeisel5686 Warhammer as in plastic figurines isn't a TTRPG, but a wargame, so it kinda doesn't count and the TTRPGs aren't as ridiculously expensive, plus 🏴‍☠ is a potential option, depending on ones morals and finances. Although GW is still insane.

[@TsukimuraMidori]

​@@williambeisel5686The TTRPG part of it isn't, though the wargane may require saving up for a 3d printer

[@ninavale.]

The whole idea that you have to BUY this "art" for insane amount of money is actually-as you've said- restricting that art to only a small number of people. So actually it's not a "huge step forward" it's going back to the times like Victorian Era and further back into the past where only rich/wealthy people could afford to go to good schools(like it's not true that everyone who wasn't rich was illiterate and stupid) and only they could afford to go to see opera or go to the theatre and enjoy "high art". Access to a lot of things was restricted and a lot of people couldn't enjoy it. NFTbros are doing the same thing but they're either completely deluded that they actually believe the bs they're spouting or...which is as likely they know they're full of shit and do it for the money. Which basically makes them same assholes that gatekept art way back when or sold(and still sell) "miracle cures" to people desperate to get them(I'm talking about that game/games you've mentioned that abuse and use impoverished people in more impoverished areas of the world).

[@dakat5131]

It's annoying how they try to insist that it's the future, and that all art will be traded with it. With a few clicks and a reasonably small shipping fee, I was able to get printed art in the mail. They never say what their "technology" does that's so revolutionary that future versions will replace that. (Benefits discussed are either not exclusive to/enabled by NFTs, or aren't things the average person would want anyway, or both) No normal person is going to be buying tens of thousands of dollars of tokens and pretending that speculation is the only reason anyone would enjoy art is frustrating. They basically talk over you to insist the only thing people ever wanted from art was to make money and how they're such geniuses for finding a way to do it. People traded art just fine before NFTs, and a lot of people enjoy art for what it is, not what they can sell it to someone else for in a month.

[@lippe-abayomi1627]

@@dakat5131 No, this is an art collection.

[@MasterOfViewership]

and then, the worth is only about $0.00001 as resale value

[@quinndepatten4442]

@@dakat5131 before anyone gets on my case, I don't really like any of the money making schemes. It's just pure greed. It's actually disgusting to me. The real value of NFTs comes from hopefully AI and better website integration. Create a web image uploader, pass it around the internet and make it standard practice and wallah. You remember when those assholes stole a dead person's art and sold it as an NFT? Well, if we make it so that before art is uploaded, we check an NFT (which is just a unique spot on a list) for uploaded and use AI to help identify the image (to prevent people from screenshotting), it could be used to help protect the rights of the creator. The value of NFTs isn't about easy money selling awful ape pictures. It's about digital ownership and protecting creators. It's just that the whole operation has been run by greedy mfs. Or maybe someone who didn't think things through before showing off their concept. That's my 2 cents.

[@Xonarag]

@@quinndepatten4442 It really seems like you wouldn't need nfts for that though. It MIGHT make it easier but for that the market would probably be centralized and properly regulated which goes against what it currently stands for.

[@bificommander7472]

If an island full of cryptobro bases the age of consent on mental maturity, the place should be more celibate than a nunnery.

[@Account_Not_Applicable]

"NFT bros have even claimed the ownership of colors... imagine how shitty the consequences would be if you could actually enforce claims like that" Yeah, imagine if someone tried to claim ownership over a color (looks over at Anish Kapoor)

[@Neithie]

Luckily we can buy the pinkest pink. Even if he can't.

[@blakksheep736]

You can actually copyright a colour, but only under very specific circumstances.

[@blakksheep736]

For example, it's illegal to manufacturer a plastic doll in the same shade of pink as Barbie, something something, brand confusion. Any other application tho, go to town.

[@MediumRareOpinions]

​@@blakksheep736 I believe Cadbury has a similar legal claim over their particular shade of purple but only in regards to food packaging.

[@LocketInThinePocket]

*looks at what happened with Pantone and Adobe*

[@Nolan65775]

I like how all these animated NFT mistakes don't even try to make a regular show where the characters are just based on the NFTs but HAVE to incorporate NFTs as a concept into the plot somehow.

[@steamtasticvagabond474]

Not just incorporating, NFTs ARE the plot

[@mayconlcruz]

And that's literally how propaganda works. These moribund pieces of media came into existence only for the sole purpose of convincing you to buy NFT, because "the future of possessions goods lies in digital" or something...

[@yirash47]

Goes to show how narcissistic, deluded, and out of touch these NFT bros are.

[@paradoxzee6834]

They need to keep the value up. The biggest issues with NFT is even if you got a $1000 NFT it does not mean you can sell it at that price. That is one of the biggest mistakes people made in investing in general, some things you cannot just sell at suggested value

[@chickencurry420]

My favorite part is that they felt the need to include exposition to explain NFTs to the people that had to buy one in order to watch the damn thing.

[@michaelgum97]

When you got to The Red Ape Family, I had the "sudden" urge to share this brilliant comment that highlights just how badly this show violates all 12 principals of animation. "Impressive. I've never seen a cartoon that violates not just one, not just 6, but ALL 12 of the principles of animation by Disney. That is legitimately impressive in the worst way. Here's a recap for all of you: 1 - Squash and Stretch: Objects and characters should deform during movement to give the illusion of weight. They don't. Ever. The most we see in this is those gross mouths during a space jump, which don't even do it right. 2 - Anticipation: Before something or someone moves, they must perform a small action to prepare the movement, like how you crouch before you jump. That monkey grappled, pulls himself up, and jumps out without a single hint of preparation. And that's just one scene. 3 - Staging: Simply put, present the scene clearly with proper focus, like you would a painting or photograph. These "characters" if you can call them that, are haphazardly plopped wherever, often not even centered on the camera, or at angles that don't make the scene clear. 4 - Straight Ahead & Pose-to-Pose: Two different animation styles, one animates frame to frame, filling in the tiny changes between movement, and another focuses on the main poses, with the between frames filled in later. Each have their strengths and weaknesses, but this cartoon somehow does neither by just having every character have ONE FRAME and just dragging them along lazily. There is not a single moment I think they're getting from one pose to another or filling each frame carefully. It's literally a machine doing it. 5 - Follow Through & Overlapping Action: Parts loosely connected to the main body, like hair, clothes, etc. keep moving after the main part stopped. Clothes and hair are quite literally part of the same rig and NEVER MOVE. 6 - Slow In & Slow Out: Things slow down and have more detail both when they start and when they end, with fewer frames made during the movement. These characters move like actual robots, with every motion having the same start, middle, and end. 7 - Arc: Gravity again implemented in animation. When something moves, it follows the natural arc that you'd expect it to follow, without a sharp stop in the middle of its motion. That "kick" that he gave was the most blatant case of moving from one spot to another with no account for how gravity would allow him to move. 8 - Secondary Action: There shouldn't be just one thing moving. Secondary actions should occur outside the main movement to give the scene life, like how background characters move alongside the main character. Only one thing EVER moves at a time in this damn cartoon! 9 - Timing: Movement must have a believable sense of timing to it. Things should move slower for more fluid movement, and faster for snappier movement, and the dynamic change gives life to the scene. EVERYTHING has the exact same speed of movement! There is no timing! 10 - Exaggeration: Don't strive for realism. Strive to make things look, move, and warp in ways you can only make in animation. Despite stuff like the pilot literally being a skeleton, this is the most stale, safe, and unimaginative cartoon I've ever seen. It's almost as if no one bothered to think of any creative way of going beyond advertising a fucking money-laundering scheme. 11 - Solid Drawing: Draw with the intent of giving the illusion that the characters and objects are 3 Dimensional, even when it's in 2D. Shading, framework, perspective, use these to make the world look full and lived in. Nothing in this cartoon looks any more 2-Dimensional that the crummy JPEGs they're based on! 12 - Appeal: Make it LOOK NICE. Make it APPEALING TO THE EYES. Do... do I have to explain this one?! As a huge fan of animation, I can safely say this is the saddest, most disgusting case of animation I've ever seen. In fact, calling this "animation" in the first place is an insult to the medium! Fuck this show, and fuck NFTs."

[@nenmaster5218]

NFT's are a Deep-Dive into Capitalism, tbh. So if anyones interested diving more into 'Speculative Worth' and all this, try 'Second Thought' and 'Gravel Institute'.

[@MeloAvis]

Whoever wrote that there comment has the highest of my respect

[@michaelgum97]

@@MeloAvis The comment was made by the user SirSomeguy on the following video: kzbin.info/www/bejne/h6vUZ36NbsmCh9U

[@gokuxsephiroth4505]

I'm a fan of animation, but not an animator - this was very interesting to read! Thank you!

[@michaelgum97]

@@gokuxsephiroth4505 You're welcome!

[@somegem6344]

Tascha's statement about a Diamond getting destroyed in a *fire*, not in a fissure, not in an explosion, in a fire, is a prime example to how hollow NFT users brains are.

[@JoshSweetvale]

The fire is made of philosophy. :)

[@Mrinsecure]

Fun fact: if you go on Twitter and tweet anything with the word "scam," "scammed" or "scammer" in the text, you're reasonably likely to get bots in your replies telling you how to recover lost/stolen NFTs and crypto. Even if the content of the tweet is otherwise entirely unrelated to NFTs or cryptocurrency.

[@MeloAvis]

damn I want to try it now

[@yentl]

The most absurd NFT story I’ve heard was one of Logan Paul paying 623.000 dollar for an NFT that’s now worth 10 dollars.

[@Hammerhead547]

And if he'd bought a '69 Plymouth Superbird 5 years ago for $150k he could've fixed it up then sold it on for $950k today.

[@YOSSARIAN313]

@@Hammerhead547 moat people lose money fixing cars unless they can do all the labor themselves and get lucky in a volatile market.

[@Hammerhead547]

@Brett Wilkins Logan Paul has the money that he could've easily afforded to buy a numbers-matching superbird 5 years ago for a couple hundred thousand and then turned around and sold it at barret-jackson for a cool million this past summer.

[@YOSSARIAN313]

@@Hammerhead547 the car market is not guaranteed. The only people who make money are the people who are hired to repair the vehicle

[@Hammerhead547]

@Brett Wilkins For the sort of ultra rare high-end classic cars that sell for 7 figures that's not the case. There's only a finite number of museum grade numbers matching superbird's (maybe 50 in the world) which is why their value has basically quadrupled in the last 5 years, even restomodded non-numbers matching ones are selling for $500-750k right now.

[@unlimitedrabbit]

While I feel bad for people who have lost their shirts from getting involved with NFTs, I feel worse for the parents of said people. They were so certain that they took every precaution to educate their child to use common sense when it comes to their money. They genuinely believed that they raised their kid to be smarter than this and were proven to be objectively wrong.

[@tornadodee148]

who says they educated them?

[@user-cr4pz5yg7y]

Many horribly stupid parents out there. Smart people have far less babies. I have 0. I am laughing at the problems i dont have because of that. I dont have to worry about my kids going to school with anyone else's. Hahahahahaha

[@muleorastromule3491]

The truth is nothing can fix stupid. Not even parenting (sorry mom and dad, you tried.)

[@FreakyFriday4Phaggs]

I'd much Rather Commit Seppuku Than Sell my Mother's Home beneath her feet, for a Rat NFT of all things.

[@Bonanzaking]

Id say wait exactly another 2 and half years before you really pass judgement. Assuming history repeats with the crypto market 2025 should be another boom year as it has been going back every four years to 2009. If crypto booms and NFT’s dont or say they both don’t then you’ll be correct. Otherwise you might need to do some rethinking. There were people that sold houses for dogecoin in 2013, if they held on 8 years later they looked like geniuses. Some of the OG NFT’s/crypto collectibles have been doing ok despite the bear market. Like the old physical bitcoins from 2011-2013. They’ve done well amongst the coin collector crowd.

[@madzod0076]

Anyone who lived through the Beanie Baby craze of the 90s should've known how the NFT craze was going to end.

[@alaeriia01]

I've got a mint-condition wave 3 Magic the Dragon with the error pink stitching on the wings in my glass case of Interesting Items. At the peak of the craze, those were worth thousands. I got it on eBay for five bucks.

[@limetime9045]

And unlike the cryptobros, you still have a beanie baby that you can hold in your hands.

[@RealSetsuP]

Watching these guys (and let's be real, it was mostly men going crazy for this) basically repeat the Beaniepocalypse, but with from what we've all seen of the most popular examples, screenshots of baby's first digital dress up doll game, has been both hilarious and gives me anxiety about the future of society.

[@crane8819]

I almost feel sorry for "NFT Bros". Deep down they know they've bought into a scam but they're trying so hard to believe they're on the cutting edge of the future of... whatever it is they think NFTs are the future of.

[@troodon1096]

I honestly think fools and their money deserve to be parted. People will only learn how foolish their decisions are when they suffer the consequences of them.

[@namethefifth7315]

As the saying goes it is easier to fool someone then convince someone they are being fooled

[@TheBestEverEverEver]

@@troodon1096 not when they can just blame people on Twitter, accountability and shame are a thing of the past. Especially amongst people dumb enough to buy nfts.

[@Chaud31423]

Is this that Gamblers Fallacy? Where you keep going with the gamble in the hopes that it'll pay off eventually.

[@alliehuston1648]

It very similar to how I feel about people in MLMs

[@SiriusMined]

It's hilarious how all of their NFT shows aren't just about the NFT characters, but themed around shoving crypto buzzwords into every line, as if that would ever be entertaining

[@KnakuanaRka]

Shows how single-minded these guys are. Compare them to pretty much any other licensed project, and the difference speaks for itself.

[@thecoolestofthe834s2]

@@KnakuanaRka how star wars is going around screaming the force and democracy reeeeeee marvel is the same but its either reeeeeee women and gays or reeeeeeeeee whats having a movie that isnt 9000 1 liners with a script star trek is peace and communication ree 40k is im 14 and destroy reeeeeeeee

[@RegalRoyalWasTaken]

what are you even saying@@thecoolestofthe834s2

[@bthsr7113]

@@KnakuanaRka Yeah, it really goes to show why the promotional shows for toys have had so much more staying power. Because they actually told stories. They made the plastic and cardboard to collect have personality. There were high concepts that audiences connected with and wanted to take further.

[@KnakuanaRka]

@@bthsr7113 Yeah, I definitely exaggerated a bit there, but for a lot of the ones that did staying power, a lot of what made it work was giving more of a personality and world to whatever it was (like the Pokémon anime fleshing out the characters and designs from the games), as well as the other things they did to make it interesting enough to talk about naturally (the Yugioh card game was one of many games in so-called Season 0, but proved interesting enough to become its own thing). In contrast, it’s pretty obvious how flat the licensed stuff for crypto is with the constant buzzwords; they can’t make it interesting on its own or incorporate it in a natural manner, and are obviously more interested in the crypto part than anything else.

[@cupcakegirljen7]

As someone who has a relative who got into Axie Infinity because they thought they can earn money while they’re doing what they love, just to see them crashing down with large debts, I hate NFTs with a burning passion.

[@jamestomato1744]

Holy shit that's messed up. Hope your relative makes it out okay man (and they wonder why people hate NTF's, fucking nutjobs).

[@jamestomato1744]

@①⑨⓪④⑥⑧④②⑤①②WhatsApp also fuck you. I ain't in the financial space because it's not my fucking Forte. The only one who's ignorant here, is you and your self centered egocentric bullfuckery.

[@edcr2959]

"A" relative. Singular, therefore, he or she as you know the gender. THEY is plural, for two or more people.

[@cupcakegirljen7]

@@edcr2959 They're non-binary.

[@cupcakegirljen7]

@@jamestomato1744 Thanks dude. They're slowly recovering now financially, fortunately.

[@RD-py9sv]

Everyone knows NFT stands for: No Fucking Thanks. Because Holy Christ, knowing any of these exist is enough to make my brain hate me forever.

[@drake_diangelo]

The way I've figured out to describe NFTs is like this: When you buy an NFT, you are buying a string of numbers that connect to some arbitrary thing. That thing could be anything because you don't actually get access to it. If you bought an NFT of, let's say Mickey Mouse, you have no rights to the IP or the copyright. You can't do anything more with that image than someone who copies it from you. The NFT is simply the numbers, a receipt that says you own an NFT, not a receipt saying you own the image/video the NFT links to. You purchased a link, not the object.

[@apinakapina]

Yep. You purchased a receipt to say that you purchased... well, a receipt. Maybe you're not even the initial buyer? Well, good luck to you, because there's potentially not even a contract between you and the issuer of the receipt.

[@jbird4478]

You don't even own the link because anyone can copy that as well. Not only that but even within the same NFT project there are often multiple identical ones. Much like trading card games they have common ones, or rare ones, or super duper special ones. In that case you can "own" Mickey Mouse #33. Trading card games are a good analogy, in the sense that the scarcity is artificially created. The difference is that with NFTs the scarcity is not only artificially created, but also just an illusion.

[@blakksheep736]

No, you purchased a copy of the link. Even worse.

[@mcmoose64]

Let me get this straight .You purchase a :"unique" token that let's you watch a shit cartoon along with everyone else who purchased a "unique" token ? Americans actually really don't get irony !

[@blakksheep736]

@@mcmoose64 no, you get to watch the shit cartoon alongside literally everyone else, the cartoon is free and right there on the internet. And, apologies, but this isn't an exclusively American thing, though I get why you'd think that.

[@ivanpb1983]

It's incredible how cartoons kept warning us about this stupid scam for so long.

[@mysticmind4563]

What's even more funny is that the two joke in this video were from Cartoon Network shows.

[@BinglesP]

Another funny part is that Ed Edd n' Eddy's arguably most important theme is that scamming people isn't worth it in the long run. And what are NFTs?; Exactly.

[@NemesisOgreKing]

A scam and a fad. @@BinglesP

[@e.c.winner7252]

About 6 months ago, I had someone try to explain to me why NFTs are the future. Their example was that if I were to, say, buy an NFT of a balloon and that balloon got released during a VR concert, I’d get the satisfaction of knowing that MY balloon was a part of history. Mmmmmmm no thanks.

[@Darca1n]

That also completely misses that you could probably do something like that super-easily without needing to involve NFTs at all in the first place, so it's an impractical, stupid solution for a problem most people would never even bother with.

[@finn596]

that's like paying to send a message in a live stream with a bunch of other idiots doing the same thing, basically no one will notice it and you ultimately don't make a difference. If there is already a beach why would you pay to add a grain of sand.

[@ajl8975]

The utility of NFTs is not in image format. The true utility of NFTs comes into play in games and film media. In gaming, it would allow you to sell on digital assets that you purchase. As disks are phased out there will be no way to buy and sell second hand games any other way. With media like films it means your media is beyond the manipulation of studios. Just look at George Lucas’s continual edits of the original trilogy. You own a copy of the OT as a NFT and boom, those edits do nothing to your version of the media. Your original copy also potentially increases in value as George goes on to screw around editing and releasing news edits. Eventually there will be no copies left of the original trilogy, as the physical media only lasts so long. Plus as the physical media has become outdated, the edits have been all that has been offered on the newer platforms.

[@schaab7203]

@@ajl8975 yea EA needs more methods to gain money, they are such a poor company

[@Darca1n]

@@ajl8975 Okay, then why does this have to be done with something so HIDEOUSLY inefficient as blockchain while also being completely impossible to fix if something goes wrong, or scams/hacks happen, etc. For games, here's a prime example of how digital assets can be sold without ever needing blockchain garbage: TF2. As for re-selling games, PFFFT no, lol, do you seriously think publishers would ever allow this? And besides, it runs straight into the blockchain problem of each subsequent 'minting' being more and more expensive in terms of required computing power, so it limits the primary benefit of digital media in the first place: being infinitely replicable. And then there's one last thing: The nft would just be a number on the blockchain, the associated item is hosted separately and when that location closes down, all you have left is a useless number with a link leading to a blank error page, provided someone doesn't do a trolling and put up some heinous shit there instead, or, say, your personal information.

[@robg8203]

"Meta girlfriends are randomly generated so that each one comes with a unique personality! Unlike real women, AM I RIGHT???" 😂😂😂 holy shit that got me good

[@NikoJr.]

Put simply, unless the NFT contains data small enough to actually be inside a block on the blockchain (which is typically only 1 MB, which is not a lot at all), the NFT is basically just a link to something else, whether that be an image in a Google Drive, a web page document, etc. It's the equivalent of owning a Google Search result... Actually, scratch that. It's the equivalent of owning a Bing search result

[@VeraTheTabbynx]

1 mb? Try a few kb. My profile pic is approximately 256kb, pretty crap resolution but definitely feasible. It wouldn't fit in an NFT, if blockchains are even capable of storing anything aside from plaintext. Blockchains store tiny bits of utterly meaningless code to make a unique address. It's all pretty stupid, a worthless technology for anything honest.

[@VeraTheTabbynx]

@@priyapepsi lol nah, I prefer to make a real living with legitimate currency I can actually spend that won't fluctuate massively in value from 1 minute to the next.

[@MDLuffy1234YT]

Nah, a Bing search result is far more valuable than that. I'd say a Yahoo search result is more correctly envalued.

[@bitelaserkhalif]

Next: doing rug to nfts several year later The nft turned into goatse

[@battlion507]

@@MDLuffy1234YT Or even a Yandex search result...

[@toyamwarr]

It’s crazy that in 100+ years if anyone wants to research the rise and fall of NFTs in the early 21st century, they won’t know if people in our era were serious about them or not because all the NFT image look so ridiculous and absurd. It’s like if we try to research the fashion trends that were popular in President George Washington’s era and finding only the goofy caricatures that were made about that fashion. It’s hard for some people to understand that reason the goofy caricatures are the only stuff to remain from that time is due to that being the only material people kept and passed around.

[@cymond]

Thankfully, they'll have second hand sources to provide context, like this video.

[@JLB0880]

Wrong - in 100+ years humans will have evolved into NFTs! They’ll all be different and have a unique set of codes embedded in their bodies. They’ll be able to act in wacky shows and other NFTs will have to pay to watch them. They’ll even be able to mate with other NFTs to make a brand new NFT that has half of each “parent” NFT code. The future is gonna be wild.

[@annabeinglazy5580]

I Like to think that archeologists will See them and Go: "probably a religious thing, lmao, i dunno!"

[@TheWiserJester]

@@annabeinglazy5580 historians* , wtf archeologists gonna do ? Dig for the nfts on dirt

[@rezeno5665]

@@TheWiserJester Probably digital archeologists, where they dig NFTS through old data from old databases.

[@nejdalej]

There is such a thing as decentralised storytelling and they're called creepy pastas, SCP Foundation, fanfiction and the idea that your Bored Ape will make you any money.

[@clementpoon120]

undertale aus

[@dineez627]

Am I a degenerate because I consume 2 out of 3 of those?

[@yahelgamer32]

@@dineez627 depends on which ones

[@dineez627]

@@yahelgamer32 creepypastas and scp

[@yahelgamer32]

@@dineez627 ok you are fine

[@Cool-Vest]

Big business tried to shove NFTs down our throats to capitalize on simpleton human behavior, but we successfully bullied them out of existence because we're fed up with this crap.

[@faerie5926]

As someone who's been in the online art sphere since they were like 10, I don't understand NFTs at all- you can commission an artist who makes actually good art for less than half the price. NFTs aren't for artists they're for crypto bros, and said crypto people need to stop pretending they're good for online artists. Call back to that one recently deceased artist who got their art stolen and their family tried their best to get said stolen art taken down from crypto sites. Those people are fucking pathetic. Edit: nice you talked about the dead artist.

[@dakat5131]

I'm so tired of seeing it polluting art feeds. If you try to make honest art and connect with people, you'll get a bunch of people trying to promote NFTs to you or, I suspect, use your work to try and make their pages look more legit ("look guys, here's some actual art. We love art. Never mind that we didn't make any of this ourselves") It's annoying how they try to insist that it's the future, and that all art will be traded with it. With a few clicks and a reasonably small shipping fee, I was able to get printed art in the mail. They never say what their "technology" does that's so revolutionary that future versions will replace that. (Benefits discussed are either not exclusive to/enabled by NFTs, or aren't things the average person would want anyway, or both) No normal person is going to be buying tens of thousands of dollars of tokens and pretending that speculation is the only reason anyone would enjoy art is frustrating. They basically talk over you to insist the only thing people ever wanted from art was to make money and how they're such geniuses for finding a way to do it. People traded art just fine before NFTs, and a lot of people enjoy art for what it is, not what they can sell it to someone else for in a month.

[@blunderingfool]

No NFT can compare to artists like Dark Natasha. Came across her stuff in my teen years and she put a love of fantasy work into me that's still going strong.

[@nicklennox311]

The biggest irony is that NFTs and blockchains are meant to desentralize, yet, the actual assets are stored in a centralized manner. This is also true for web 3 projects, it just linked to the blockchain from a centralized source

[@AnikMonette]

Also, maybe I'm dumb but I thought they wanted "democratized" entertainment but in a lot of cases to even enjoy it you have to buy a very expensive NFT to be part of a very selected community. What aspect of it is democratic I've yet to understand!

[@ja-vishaara]

​@@AnikMonetteWell, normally things are run by the small few who have the money, but in crypto things are run by the small few who have the money

[@alext3811]

You know it's bad when one of the NFT's original creators has said on record that he absolutely hates what they've become.

[@FarmYardGaming]

I've heard they were going to have a genuine use, like for smartphones to unlock a linked door lock or something. Whatever, they've been tarnished.

[@TheScarletSlayer]

"BLUE! YOU BOUGHT THE COLOR BLUE!"

[@talibanofplauge]

@@TheScarletSlayer Idk, that sounds like a whole load of paperwork XD

[@_cloudface_]

A bit like the creator of doge coin abandoning it and saying it's a scam but Elon irregularly pumps it (possibly so his brother Kimble can get richer)

[@xenxander]

Oh right as if the writing wasn't on the wall when they were first thought up... I'll believe that when me shit turns purple and smells like rainbow sherbet.

[@helenakri7282]

The funny thing about the NFT girlfriend that you could literally throw that money at an artist and get unique smut to your taste, but it's not about the art or even the tits, it's about the circlejerk. Though try getting on a popular artist's wait list if you need the feeling of exclusivity tied to piece of waifu art. You can even mint it is the artist agrees, if you love that sweet sense of blockchain in your life.

[@Clonekiller66]

as an artist myself. If you pay me $20. I will draw you whatever you want. Literally. ANYTHING. I will make it. Whatever anime girl of your fantasy dreams? I'll make it.

[@alaeriia01]

And if you want to spend an obscene amount of dosh on smut, you could commission Miles-DF, who charges around ten grand for a Your Character Here these days. I mean, secure that bag, but ten stacks for a YCH is ridiculous.

[@ArcherSuh4721]

It's kind of funny how the NFT Bros all fancy themselves as The Wolf of Wall Street but don't realize they're the suckers buying the penny stocks...

[@SeanJordan-k7o]

Or they ignore that the Wolf of Wall Street is a convicted felon that isn't allowed to trade stocks anymore.

[@Bryan21381]

I'm just going to say this, how come this whole NFT thing hasn't been investigated by the FTC? Also, tulips are more real than NFTs because you can just plant & grow at levels in a garden.

[@craigh5236]

Except in the latter part of the 1630s tulip crazy they were trading contracts for tulips around that turned out not to exist.

[@GenericMcName]

The problem with the Tulip Mania is that somewhere around the middle of it, they didn't sell real tulip bulbs they had in stock, but I.O.U's for a tulip bulb that hadn't even had a chance to be produced yet.

[@iamsocks]

they were playing animal crossing in the 1600s fr

[@Bryan21381]

@@GenericMcName yeah, but with NFTs being more controversial, why doesn't anyone ask the FTC to investigate the mess?

[@Theonixco]

The FTC has to be directed or law enshrined for them to regulate it. That's part of the current appeal of Cyrpto, its largely unregulated.

[@TheRealSullyG]

10:43 I appreciate the nod to Extremely Fungible Tokens! Keep up the good work!

[@zackadir2756]

wah

[@yoshimallow]

@@zackadir2756 ~luigi?

[@launderine]

wahah

[@RadSense]

Oh hey! I used to shill for your EFTs on my profile when they first dropped!

[@clemi2601]

I remember when my dad and cousin both told me about NFTs separately, not at the same time. They wanted to know if I wanted a NFT of a famous painting for my birthday. I told them that if I wanted a digital reproduction of a painting I could just go to google image. Like seriously what’s the point of owning a url to a png ?

[@tirsden]

Popping back in to give the layman's explanation of what an NFT is. Imagine you go to a grocery store and buy a loaf of bread. You go to the cashier, pay for your bread, and they hand you a receipt. Now you take that receipt, go outside the store, and try to sell *the receipt* to a random stranger. If they're dumb enough to buy the receipt, they don't get the loaf of bread, and they don't own the loaf of bread. They just own the receipt. That's what an NFT is, in plain language.

[@redpepper74]

Not a great analogy tbh, the bread can’t be duplicated and the person who bought it would be the only one with access to it

[@jackalenterprisesofohio]

@@redpepper74 I think the more appropriate analogy is having a receipt to a Polaroid picture, you can take a picture of the picture, and you can still try to sell the recipt.

[@ultimamage3]

The analogy is more like, you're not buying the bread because that's an actual object which we all recognize as bread and fulfills the purpose of bread when you either eat it or it goes bad and gets thrown out. Buying an NFT is getting a receipt that says that you own "the object found in aisle five, 3 rows up on the fifth shelf down". The object you find there can be bread, if bread is there. But you could have the receipt, or sell the receipt to someone else, and the supermarket owner can change everything in aisle five, including all the rows and shelves, so the receipt can point to the spot in aisle five, third row up on fifth shelf down, and it *could* be bread but the person who has the supermarket could've switched it to a gallon of spoiled milk, a literal pile of shit, or nothing all when the supermarket gets demolished. Technically the receipt never changed and it still points to "a place" but in case of the many rug pulls where art has changed, you're never guaranteed to have the digital asset you thought you bought.

[@VictorianDemonica]

Maybe the analogy would be someone taking a picture of where the bread is, then add a banana next to it and take a picture of that, then you sell the photos and say ‘you own the bread’, then that person posts up that picture on Facebook or instagram or wherever, and then get mad when someone sees they have said picture of bread as their profile pic. Not sure if that’s the best analogy, but that’s how I see it.

[@lilitulee]

I feel like I rather have a drug dealer telling me how their hustle is going to be the new antidepressant, then I'd EVER want to deal with an nft bro telling me that they just 'reinvented the wheel'

[@wolfetteplays8894]

That’s because drug dealers are going against the establishment, while NFT bros are going with it 😂

[@hyperx72]

Drug dealers actually put in work, and are selling tangible items

[@narwhallord4267]

The worst story I've heard about NFT's is about the artist Qinni. They were a genuinely amazing and beautiful artist who worked mainly with water colors. The art they made was amazing beyond words, but they sadly died of cancer in around 2018 I believe. I can't even look at there art without tearing up, because it makes me so sad to know that someone so talented was taken so young. But where NFT's come into this is when someone stole Qinni's art and tried to sell it off as there own, as a fucking NFT. They literally disrespected the dead and the family, just to make some quick cash. It was disgusting. Luckily the person was stopped doing that bullshit, but still. The fact they did that was so fucked up.

[@Gyaruwitch4011]

I remember that artist, I didn't know they died tho that's so sad! That's disgusting that someone would try and pull.

[@RubyBlueUwU]

I had no idea anyone had done this, that’s sick. Stealing art for this scummy practice is bad enough, but stealing art from the dead? That’s horrific

[@Apistevist]

@@RubyBlueUwU Things like this is why we need death penalty for common crimes.

[@superior2096]

Yikes

[@pustota7254]

*their

[@bookkeeper1995]

You say it's like the wild west for NFTs but that's not even fair. At least in the old west snake oil and poison sellers would occassionally be held accountable. Something that just doesn't happen these days.

[@roxasdeviluke317]

Can we just take a moment to applaud society for rejecting nfts and keeping them from becoming accepted like other bad things have been

[@Sgt_Glory]

That tells me there's still some glimmer of hope for humanity.

[@okagron]

It's counter balanced by society accepting a lot of dumb shit.

[@Gallonofish]

@@Sgt_Glory very hard to find yet very rewarding

[@ZBott]

The concern I have is relating NFTs to tulip mania is that Netherland is still heavily related to tulips. Without a severe change in NFTs most of us want that crap to go away forever, and even then I don't think it can ever shed the stink of scams in our lifetime. Also, Decentralized creation? Did racist BAYC creator try to make KZbin without servers?

[@dakat5131]

I'm so tired of seeing it polluting art feeds. If you try to make honest art and connect with people, you'll get a bunch of people trying to promote NFTs to you or, I suspect, use your work to try and make their pages look more legit ("look guys, here's some actual art. We love art. Never mind that we didn't make any of this ourselves") The fact that even though cryptocurrency is down, people keep falling for the same scam ("Guys buy this thing and it will totally be worth a fortune later, you don't want to miss out!" followed by dumping it when it's valuable enough, regardless of whatever roadmap they promised).

[@aquasiox]

it’s a comparison of the mindset rather than the context, obviously they are very different contexts, tulips being a thing in the Netherlands now doesn’t change the fact that the whole price boom happened

[@jmax6750]

To be fair, we Dutch still sell tulips and other flowers and it is actually big business, but unlike NFTs you have international companies who’s whole business is distributing flowers to other companies and shops

[@Xeno426]

@@jmax6750 A big difference was that tulips (a new flower at the time) were still prized for their beauty alone. As you say, still are. There was a neat Extra History video on the tulip mania, and it dispels a lot of the myths around it.

[@mophead_xu]

@EasterBurn adding to this, it's also frustrating to see NFTs being so linked to AI-generated art. am not an AI artist, and AI generated art is still incredibly new to the scene, but there are already quite a few artists/developers who code their own programme and actually able to make the AI art bonkersly good. and it sucks bc the whole thing with NFTs may stunt the genre's early development and stage since people would just assume it's inherently tied to crypto stuff. :

[@janecat8753]

NFT projects calling other NFT projects scams, has the same energy as scammers freaking out when you tell them you're talking to another tech support scammer, then trying to convince you that that person is running a scam, but their thing is totally legit and trustworthy. 👍

[@NightSentinel51]

NFT has been scientifically proven to be extremely valuable. After all when we meet someone new, it takes time and personal effort to know how stupid that person might be. But with NFT we know they are the dumbest person right then and there.

[@mmgmagic]

*NFTBro Logic:* *Online Artists gets their art stolen* - Laughs at them *Gets their ""own"" NFT stolen* - Begs and Seethes about NFT Ownership

[@Siren9609]

NFTBros are just digital Karens

[@Sammysapphira]

Nobody actually holds these two opinions simultaneously. You're describing two entirely different people and it's sad that you think that this is a logically coherent argument.

[@PyxeledGenesis]

I'm a smaller artist who has had my art stolen before, and no, most of us don't laugh at art thefts. I obviously don't speak for every artist, but I've seen hundreds of them online and all of them have agreed that art thefts piss them off. We still work hard on our art and having someone say they made it (and possibly getting more attention for it) really hurts.

[@mmgmagic]

@@PyxeledGenesis "Online Artists gets their art stolen - Laughs at them" was referring to the scenario the NFTBro is witnessing, not the artists themselves. The point of my comment was to point out the hypocrisy of NFT-Enthusiasts downplaying the rightful anger of online artists when their art gets stolen (with them trying to excuse it as seen in the video), yet expecting sympathy and retribution when their overpriced monkey JPGs get stolen.

[@PyxeledGenesis]

@@mmgmagic Ah yeah, sorry then

[@c.m.9369]

I‘m a big fan of Cryptoland. Shipping off all NFT- and Crypto-bros onto an island and leave them there… sounds like a net-positive for the world.

[@Hammerhead547]

And when a super typhoon parks itself over their island and proceeds to wach everything into the sea we can all laugh at them as they kill each other over who gets the twinkies.

[@benm6893]

I've taken to describing NFTs like this "If you bought an NFT of an amusement park, you don't own the amusement park. You own a street sign that points to the amusement park."

[@SomeSperg]

It's like going to the grocery store, paying, getting the receipt and leave the groceries....

[@Hawk_Bro]

This is the best way I've ever heard someone describe an nft 😂

[@gemmagreene362]

NFTs are very important in the future of evolution. If you meet someone who owns or wants to own NFTs, you know not to procreate with that person without ever having to get close enough to put yourself at risk. Natural Selection wins.

[@couldntmixapotnoodle]

People kept pushing NFTs like we all needed them to breathe. People should just pay a good artist to do them a good piece of art.

[@AtticusKarpenter]

Financial pyramid scheme, the most banal. The owners of NFT-shit need to preach the purchase of NFT, otherwise all their "collections" will cost $0 again and the bubble will burst.

[@skeleguna.k.adefinitelynot4656]

Paying for a piece of art is reasonable,even if it is digital With nft's however,you're just buying the receipt Edit:with commissions you can say "I helped make This!'

[@wolfetteplays8894]

Exactly!

[@couldntmixapotnoodle]

@@skeleguna.k.adefinitelynot4656 yeah, commissions are better IMO but art is art YCHs are also very good if you want something with your character in but not as expensive

[@ValleyoftheKings64]

Just like yhe good ol days

[@jakephillips4453]

That's Jimmy Kimmel and Paris Hilton interview when they started talking about their NFTs is still so bizarre and flat out disturbing to me. They suddenly got zapped of their energy. Like they knew it was the worst scam ever that they were shilling. And the good side of their conscience could not even hide it.

[@harry.t.radio95237]

That’s when you learn the horrifying and depressing truth about not just Paris Hilton but Jimmy Fallon as well: He’s completely brainless. It’s like in “Psychonauts” when Raz peers inside Dogen’s ear to discover that his brain has been removed.

[@JimMilton-ej6zi]

Celebrities in general are just brainless puppets who will do whatever their manager tells them to do for profits. They come from the same place that tried telling you that smoking would improve your quality of life, hollywood is a hellhole and if they try to promote something you like then there's absolutely something wrong with it or something filled with propaganda

[@TheNewms90]

That part gives me such second hand embarrassment, I had to skip it on rewatches. This word gets overused somewhat now, but I physically cringe seeing that sad excuse of a pitch.

[@Godzillafan78]

You know your fucked when even the people you pay to promote something barley promote it with enthusiasm

[@sophiatrocentraisin]

These crypto animations are so inspiring, because if I can write something better than what they did, with less than 100 pages of creative writing of experience (and trust me, I can), that means I could end up writing something that's actually good some day, or at least good enough to sell to absolute morons if I end losing any artistic integrity

[@anikmonette2140]

Litterally yesterday, I told my friend that I would be able to scam people easily. I mean, in my circle of friends alone there's people who believe in Chakras or, even more baffling, that made up story about a giant dog with a disease that made it grow to be as big as a house(a quick reseach later I found the creator of the pictures and scold my friend to not believe everything she saw on the Internet).

[@SiRenfield]

I’m surprised you didn’t mention that somebody tried to make a dating website for NFT Bros but had to shit down very quickly because there was a lack of women when covering those NFT girlfriends 😂 Edit: While I’m honored by the upvotes even Cynical himself pointed out that the article is most likely satire. That said though in regards to the NFT girlfriends: “unique personalities”? Really?! At least with fictional characters in dating sims or anime they usually have writing and/or voice acting to actually convey a personality and character traits meanwhile these NFT girlfriends are literal JPEGs without even so much the illusion of all that, you are literally required to just project your dream woman into them

[@CynicalReviews]

I did know about it and was going to mention it, but my research led me to believe that it was probably a prank, so I felt it best to leave it out. A few pranks slipped through the cracks as it is (which I'm removing if possible).

[@SiRenfield]

@@CynicalReviews Oh I see. Frankfully I’m just pleasantly surprised I got noticed at all 😂.

[@jakespacepiratee3740]

@@CynicalReviews I love this video of yours, but I just wanted to mention, Furries hate NFTs as they have none of the effort they put in. So although I agree the creators of Superdoge were trying to ‘furry bait’ the audience with that female character, nobody, and I mean nobody, is giving in. Actually, maybe I’ll make a drawing of her dying in a fire…that sounds better.

[@theloveandcookiesgal]

@@CynicalReviews i

[@Alter292]

I think the funny thing is that it's really quite difficult to tell the difference between reality and satire when the real thing is more absurd than we could ever come up with.

[@JackTheBlindOrganistAndCrepey]

I've already said this once, but NFTs are basically just like adoptables that were once so popular on DeviantArt but with more steps and more destructive.

[@Lyuciferrr]

And most adoptables at least have heart put into it, and artist get called out if they deliver something with less quality than they usually do, i would say nfts are like closed species without the work to actually draw and describe the species traits, lore and rules

[@PretzelSage]

@@Lyuciferrr no. Adoptables were flawed bc you could make a character in 5 minutes and someone would pay you whatever you wanted for it. Just like one of the many reasons NFTs are as well.

[@paranormeow]

And uglier with much less heart put into them

[@kutse_pechivo]

All the same, these are different things, albeit similar. First, the price is much more reasonable. secondly, this is truly CREATIVITY, in all its manifestations, from design to the actual image of the character himself. and the attitude is completely different. characters are bought to be used, not just to gather dust on a shelf. of course, this phenomenon has its dubious sides, like everything else in the world, but people themselves allow this to happen. and in any case, there are many more advantages. you really pay for the unique creativity of the creator, and not for the domain of a random stupid picture)

[@jonathanwright8025]

@@kutse_pechivo did people pay actual money for DA adoptables, or was it like llama tokens?

[@Hatsune-Miku_Fan]

Since I'm an digital artist , my dad tried to convince me many many MANY times to make NFTs for him. I gave in because we struggle with money ( if it worked wed have something) and I just wanted him to be quiet Good thing it failed. I've gotten more money actually doing commissions over this !

[@Hatsune-Miku_Fan]

My money being 16$. I love my 16$

[@paranormeow]

@@Hatsune-Miku_Fan I wanna see ur art now!! im sure its great

[@Hatsune-Miku_Fan]

@@paranormeow My comment keeps getting blocked :'D I'll put it in my bio

[@paranormeow]

@@Hatsune-Miku_Fan alrighty

[@windowsxseven]

@@Hatsune-Miku_Fan do you make lewd, I'd be interested in something involving the guy in this video

[@calsifer666]

"Imagine owning the rights to a color" Wasn't there an artist years ago who made the 'blackest black', it was highly toxic, horribly expensive, and he insisted that he owned all rights to use it... Just to get one-upped by another artist who not only made a blacker black, but also made it non-toxic, cheaply, and on top of that made it so everyone but the first artist could use it?

[@calsifer666]

@@FruityCrits I could swear though someone else made an even darker black. Honestly I could be misremembering, it's been awhile since it happened and I haven't kept up with the art community for AWHILE.

[@AaronJLong]

This reminds me a lot of Beanie Babies. I remember when I was a kid living in a trailer my grandmother brought home a garbage bag full of the things one day and got us kids look up each one in a price guide to see if she had any valuable ones. The difference is at least they were nice plushes at the end of the day.

[@pmfieryflakes5749]

I hope they're valuable. Having a treasure isn't about the value of the item, it's about how valuable it is for you.

[@lightpoint4426]

Yeah, at least you got an actual cute toy for the money. I still have some of mine, and I'm keeping them for nostalgia and cuteness alone.

[@CampingforCool41]

Beanie Babies were awesome at least. I don’t know why they stopped making cute stuffed animals. The only ones I see these days are ugly giant eyed things

[@TheQuota2001]

@@lightpoint4426 its all fun and games until the government prints how many BLACK AMERICAN people are making money from NFTs... You people were born into a racist system, thats why you are pre programmed to like and dislike certain things, based on how successful it does in the black community. You people study nothing, none of you. So shut up, and let some black folks make some damn money. PERIOD

[@darkvioletcloud]

Yeah, at least with Beanie Babies, you have a physical product and kids can enjoy them as a toy. My grandfather collected quite a few, and after he passed, my grandmother gave some to all of her grandkids. I got a goat one and it's really cute!

[@benedictrogers1478]

I just had to pause the video to talk about the printing press, because it's a really interesting comparison. Mostly because NFTs are the ideological opposite. The printing press took something that was expensive and time consuming to create and significantly reduced the time and cost. Books after it were still luxuries, but it still went from ten s of volumes a year to thousands, and it's the only potential rival to the internet in terms of knowledge shared and human lives saved. NFTs do little except to limit the replication of data, at best they're essentially the digital version of a library card*. It's comparing the creation of scarcity with a reduction in scarcity, and while the former's value is questionable the latter has already proven itself to be incredibly if you believe in sharing knowledge * NFT projects might be more, but the NFT itself is still somewhere between coin and access card.

[@OtakuUnitedStudio]

The problem with NFTs becoming more energy efficient is that in doing so, their emissions WILL NOT decrease. We've already seen it. The farms that mint and trade them have led to energy demand going up enough to lower the cost of electricity in their areas. Rather than simply stay with what they're doing and get that little extra bit of profit, the crypto bros expand their rigs to mint, mine, and trade even more for about the same price they were already paying.

[@thag_simmons]

the vast majority of reduced-carbon and carbon-neutral crypto aren't even using greener technologies, too: they'll just contract a third party to plant enough trees to offset their carbon emissions. real 2head moves if I've ever seen any.

[@massgunner4152]

@@mikolbeckwith1 My brother in christ your phone is not hosting the blockchain

[@OtakuUnitedStudio]

@@mikolbeckwith1 Small devices are capable of contributing in a limited fashion, but the biggest contributors have multiple servers with multiple GPUs apiece. They're the reason graphics cards are (or at least were) so hard to get.

[@dansmith1661]

@@OtakuUnitedStudio The excuse was the crypto-mining going on. Then card manufacturers decided they can get away with adding a zero to their cost.

[@massgunner4152]

@@mikolbeckwith1 oh so just because you don't own the equipment suddenly it's ok to do your NFTs. Dude you are still minting the stuff, you are still adding blocks to the chain, you are still contributing to the increasing waste of somebody's power hungry processing machine. And what do you mean flimsy excuses? You are commenting under a video about every reason we should demonize NFTs, what is even the good on them?

[@ad-sd-vids5332]

NFTs are like if you went to a grocery store, you buy a bunch of groceries, but you take home a receipt that says you own the groceries and the store keeps the groceries And the groceries are actually lines of code on a server farm

[@internziko]

"Just because you screen shot an NFT doesn't mean you can sell it" Aug of 2022: "neither can you bro"

[@AlexHyena1]

I love how much these nft nutters cope whenever talking about screenshots "you dont own it, screenshotting is not the same as owning it, it's on the blockchain, you cant sell a screenshot, *QUIT SCREENSHOTTING IT PLEASE!* "

[@mrminecraftcubeable]

Almost like the people who sell nfts encouraged the meme because they wanted popularity because they don't care about their reputation and as long as one person is dumb enough to buy one they one and they win You can screenshot their shitty art however much you want it has zero value, what they care about is selling the token attached to it

[@Yora21]

When you buy the NFT of a thing, you only buy the NFT of the thing. You don't buy the rights to that thing.

[@Ayutarda]

No, there, right, it's like you buying a mona Lisa poster. You don't own the original mona Lisa do you? Your poster will never be worth anything where the ORIGNAL mona Lisa is priceless. Do people forget that we already do this with posters, prints and everything, but it doesn't devalue the original, does it? I mean, you could copy a Gucci bag and sell a knock-off that looks like the original but isn't the original and does not carry the price...I mean, it's no different I don't get how you think it's a digital-only issue, and somehow your big brain because you right-click it. I mean, you probably own a print of a t-shirt or something that is a copy of something else already. It doesn't mean the original is any less valued. People like to collect and buy originals. There are literally billions of dollars spent on people chasing down original things. So although you can go, hey, I have a copy of it, no one cares. Congrats, you just used up a few KB of your hard drive to make yourself look smart. The only people spreading the right-click meme are people who have zero ideas about what the blockchain is, does or what it's about. In real life, it's easy to spot an original like the Mona Lisa painting; it can't be copied perfectly. It's one of a kind. For a computer, when I send you something, the computer doesn't send it to me, it makes a copy and sends it to me, which is fine for music etc. and pictures, but if you want to be rare, then that's impossible because computers copy files by default. This is why digital currencies haven't existed before blockchain cause you're just copying money without tracking the original. The fix is the blockchain. It's the real-world answer to the example of the Mona Lisa, I can now track and trace who owns the original even if there are a million copies, no one gives a crap about including you going hey I right clicked it I'm so smart.

[@user-hv6wb5gk8p]

@@Ayutarda How would the blockchain fix that? The original is not any more original than its copies since there's still no material difference between them. The NFT won't add pixels to your ape that only you can see or give you access to an original version that contains details the copies don't have. It's as if every single person on earth has 24/7 access to an atom-per-atom copy of the Mona Lisa. Why would you pay hundreds of thousands of dollars for bragging rights that give you no exclusivity whatsoever?

[@Mostlyharmless1985]

@@Ayutarda Except, in your analogy, you don't take home the poster. You get a note written in a broom closet that says you own the poster. and not only that, they sell that same note in the same broom closet a dozen times over, and that note has no legal standing as proof of ownership. So, yes, it's exactly like having the mona lisa, except not having it, not having any proof that you have it, and a picture of a note written in a broom closet to show for it.

[@Mitchellfw]

"Exclusive content" only for the very rich reminds me of Pierre Jaquet-Droz. In the 1770's he created three magical automatons that could write words, draw pictures, and play the pipe organ. They were so detailed, adjustable, and essentially "programable" that people often call them the antique beginnings to a computer and were a huge hit in the palaces in France. However, they were not to be witnessed by any commoners, even in the grand salons (where they had been hired for a demonstration at huge costs) all the servants had to be turned out of the rooms and were not allowed to view the spectacle. It made them "exclusive" and only for the privileged few to enjoy, mostly since they were used as advertisement pieces for Jaquet-Droz's ornate pocket watches and clockworks. Within a decade of this tour most of the French royals and aristocrats who were rich enough to watch these automatons would lose their heads in a violent revolution.

[@jamestomato1744]

See for some reason, my mind presumed that the entire thing was a scam and that there was no automaton, but because the commoners never got to see them it gave them a sense of artificial demand or spectacle or whatever. I dunno, guess I was trying to relate directly what you were saying to the video and NFT's (literally). Cool story nevertheless though.

[@nelisezpasce]

@@zogwort1522 Twitter represents at best 1.7% of the population, don't worry about them

[@Lunar_Circle]

When Amy Schumer can make a passable joke about you, you know it's bad

[@CanadAssassiN]

The straw that broke the camels back with me and NFTs was when they started stealing peoples art and selling it as nfts. After that I was done giving them the benefit of the doubt. It’s just nothing but scammers everywhere scamming people out of their money via pyramid scheme

[@rosenti]

Stealing other peoples art and selling it? But selling it as an NFT? Humanity is doomed.

[@LucarioDoT]

@@rosenti I remember when they said that it was a way for artists to keep their art from being stolen. That did not age well

[@Eliwood407]

Something to note: The Tulip Mania was a very small event that affected a small amount of people, videos about it make it seem like it was bigger than it was. However the example of the Tulip Mania still stands, as NFT today also affects a small amount of people, and the media and coverage around it makes it seem bigger than it actually is. Funny how that works!

[@HeavyMetalGamingHD]

nft mania was a very small event that affected a small amount of people. seriously almost nobody ever cared about nfts. just a very very very loud small minority

[@iamtheguardsman9942]

Plus, tulips had pretty high intrinsic value. People wanted pretty flowers! And these pretty flowers didn’t grow anywhere near the Netherlands at the time so even if their hadn’t been a bubble they would have still been people who just want tulips even if they are pricey. NFTs have nothing like that.

[@MrMarinus18]

The Tulip Mania became so infamous because before the Dutch stock market was seen as this perfect and almost magical economic system that could make the money needed for any investment out of thin air. The Tulip Mania was kind of the first blemish and the first hint that it might not be the perfect solution some believed it to be. It is important to note though that while the stock market system has it's pitfalls and drawbacks it was a big net positive for the economy allowing startup companies and breaking the power monopoly of the nobility. It also allowed the retention of value that when a company was not doing well it could be sold off and it's value used to power another company instead of just collapsing and removing all it's value from the economy.

[@nameless-user]

@@iamtheguardsman9942 As they were implemented during the bubble, absolutely. NFTs as assets have no intrinsic value. They really only have value when used to enable decentralized trade of other assets, like stocks or real estate. Even then, they would only derive value from the tangible asset they represent. AFAIK, we haven’t seen utility NFTs trade in volume yet.

[@hossdelgado626]

I went fishing in Kentucky U.S with my dad on vacation. We saw crypto currency signs on a very small gas station that had 1 pump and two coolers and a counter as it's setup (with candy and chips and the like at the counter. One cooler was for bait like worms, nightcrawlers and chicken liver)... it was 15 miles from the next nearest gas station and was0 the only place for a day pass for wildlife recreation pass thing (pass allows you to park, fish, camp or hike in certain parks)

[@TysonDylan0]

Amy Schumer trashing NFT bros might be the funniest thing she has ever done

[@octobot5216]

*the funny thing she has ever done

[@paranormeow]

the only funny thing she has ever done!!

[@ZanathKariashi]

I almost chuckled. Almost. You were almost there Amy.

[@Mikae1300]

This aged very well.