nft company changes people's nft to middle finger.

Hahahahahahahaha
web3isgoinggre...
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#finance #cryptocurrency #nft

[@Azmeaiel]

Some NFT bro's stole my artwork recently. what was interesting was how quickly and easily the artwork was taken down when the host of these images was faced with proof of ownership and a DMCA. This created a big stir in the community as a fair few people had bought nfts and the person minting the artworks had his whole account taken down over the theft. I ended up E-Mailing the origional JPG file to all the people who had thought they bought the artwork (it was free to use as non commercial anyway) . All I got from the whole experience was how vulnerable and stupid this system was.

[@Kamen101]

What nft was this 😂I want to find old posts on twitter lol

[@ThatGuyNamedRick]

A friend of mine draws Adult Anime stuff for commissions and she keeps a portfolio on a website (you know the ones you see KZbinrs shucking, Square something) so prospective clients can see what's on the menu. One day she found out all of her stuff, ranging from small animations to 4K spreads were being sold as NFTs on Open Sea and some other sites. It messed her up as the stuff she put on her site was thing that she did on her time, along with other artwork that was agreed to be shared by customers. I wouldn't be suprised if her stuff is getting chunked through some AI Art generator as well.

[@Azmeaiel]

@@ThatGuyNamedRick yeh, if she has that all backed up, get her to find where the HOST of the nft's are. she can simply send the link to where she is hosting her files (earlier than the nft's) ie these files were stolen from this host and usually the hott will very quickly take down the nft's if not outright delete the persons account or permenantly ban them. As for ai's they train off our images but don't store them and cut and paste bits like many people seem to think. Its not an issue of them stealing a copyrighted part of an image but them using the artists work without our knowledge to train the AI then profiting from this process down the track. The ammount of false positives from real people are currently keeping AI art quite bad in most cases.

[@alexkramerblogs]

That's so fucking funny to send the original images to those 'holders', because it was free and can't be taken back, unlike their 'immutable and forever' NFTs

[@robonator2945]

gotta love confirmation bias "someone used my work without permission, it was handled quickly, effectively, and lawfully all in good faith. All I got from this hwole experience was how vulnerable and stupid this system was"

[@user-ct8my8rv9c]

By decentralized they actually mean "hyper-centralized without any protection for you or your investment"

[@lightworker2956]

Well, you have two groups of people. One group of people who actually understand what's going on and who are malicious. And indeed, with decentralized, they mean "hyper-centralized under my control." And then you have a huge group of people who are the useful idiots. They're sincere believers and that makes them marks.

[@kombatwombat6579]

Also, with that word they talk about their state of mind and programming skills.

[@mhc706]

Correct s lol

[@pleasetellmehowamialive4858]

"investment"

[@galvanizeddreamer2051]

The receipt is decentralized, the content is not.

[@Blisterdude123]

No lie, I've been waiting for something like this to happen for so long. Remind the morons who waste money on this stuff they don't 'own' anything but a binary designation on a database they personally do not control.

[@RadmanTheWise]

It's inevitable. I'm surprised it was done intentionally though. I was expecting someone to wake up and see they have an NFT of a 404 error because the server went down permanently.

[@MutantMFM]

Accurate, yet they keep trying to convince others of their delusions.

[@RusticRonnie]

@@RadmanTheWisewith all the scams it isn’t surprising

[@legojay14]

This happening is why it's called a rug pull. You'd replace the image with a rug. Crypto idiots just don't research their investments enough to know that. Even funnier is I know that because of a coffeezilla video. It is absolutely not hard to find

[@meligoth]

They could use this technology to fight against corporate goliaths like Ticketmaster, but no. We get apes.

[@Person01234]

We warned them this was possible. Some people thought the difference between "buying art" and "buying a link to some art" was semantic. I feel like the middle finger example was an example I had seen explicitly, funnily enough.

[@lasskinn474]

it's so fucking stupid though. like.. dudes, you buy access to playboys website.. ..now does that mean that you own the pics inside? no.

[@theveganduolingobird7349]

@@lasskinn474 you didn’t even buy access to it you bought a single side link

[@nefrace]

As soon as I understood that the blockchain only stores the links to images I really thought that someone would do that sooner or later. And this moment has come.

[@WooShell]

"a fact they were previously not aware of" - so they're putting thousands and thousands of dollars into something without even reading anything about how that system works and which risks it has?

[@toomanyaccounts]

yep they have no idea how things work

[@Sniperbear13]

its all about chasing that next big thing! people are blinded by their greed. they wanna think NFT's are gonna be the biggest cash cow they have a chance at getting.

[@superscatboy]

It's proper Dunning-Kruger shit. The people that think they understand NFTs enough to throw their money at them understand them less than anyone else.

[@insensitive919]

Trend-chasers rarely do. They all have an idea in their heads about they THINK something works, and they won't ever change their minds unless it becomes trendy to do so.

[@htomerif]

It really shows you that none of these people have actually looked at the ETH blockchain. I hadn't until after I wrote the first sentence of this comment, because why bother? Your "art" is stored as a transaction ID in your 256 bit address as a string of letters which is usually a URL referencing an IPFS file where the "art" is stored. IPFS is just a distributed storage system analogous to a torrent. If people stop hosting it or any part of it gets permanently dropped, your NFT is gone in exactly the same way that a torrent is gone. I don't care about NFTs at all and I now know more than 99. percent of crypto bros, and if you read this comment, you do too. Its a URL to a torrent, and as we all know, torrents are forever, right? LOL.

[@diskgrinder]

This reminds me of the Australian graphic designer who sent a picture of a spider to his bank to settle an overdraft. And when they didn’t accept, asked for the image to be emailed back. That was a joke then.

[@VacantPsalm]

The best part of that saga is when the bank actually did email it back to him.

[@onradioactivewaves]

Reminds me of an old story where a man in China who lived above a restaurant would eat his bowl of rice while smelling the food of the restaurant. They took him to court, and he lost. He was ordered to compensate the restaurant by dropping coins into his hand, so that they could hear the sound of his money in return for smelling their food.

[@amagimofumofu6549]

@@VacantPsalmshould have sent it to higher ups , confuse the fuck out of them

[@Corty_]

Finally... it was time someone did this to make them realize how this BS works. Ah, who am I kidding? They don't learn, do they? Well more content for us, so I'm not complaining.

[@Wampa842]

But the next blockchain grift will change the world! Watch closely, paperhands! /s

[@Zminator1986]

They probably pour milk before the cereal.

[@vincenthamel3420]

if the first 50 rugpull did not teach them their lesson, nothing will.

[@dymaxion3988]

@@Zminator1986 I’d say it’s more like they use disposable bowls, put them in the dishwasher, and wonder where they went, but never change their behaviour.

[@iller3]

wouldn't be surprised if this makes them worth more money, not less...

[@liquidminds]

great lesson that NFTs are just hyperlinks to traditional servers. Unless the image-data itself is stored on the blockchain, nothing can prevent the owners of the servers from just shutting them down.

[@Toastybees]

Yup and as soon as whoever is renting the server space stops paying or if they're running their own servers when they inevitably shut down you're left with nothing but a dead link.

[@superscatboy]

​@@Toastybees I can only assume dead links will be the next lesson the NFT bros learn.

[@artur6912]

@@superscatboy Nah, knowing cryptobros, they will try trading dead links as super special subcategories of nft.

[@scrubbyjanitor1704]

Sure the link is a bit lacking but all the hype is still there bro

[@resisilobus3191]

@@scrubbyjanitor1704 I wish I could like this comment twice

[@tangentartists6876]

Moonbois: Web 3 means no rules! We can do anything we want. [Rugpuller does whatever they want] Moonbois: Wait. Not like that.

[@M4xH4xCentaurus]

@Kira Maybe a good analogy for NFTs would be: "Buying the receipt to a locker with an item inside it. You have been told the item is (insert item). But upon opening the locker the contents are changed to something else. And all you have to show for it is a receipt pointing to that locker. Not the item you thought was promised." That's how I've personally always viewed NFTs since I learned what they are exactly

[@harleyjune]

You buy a bank account. Not the contents but the account number and details. The money in that account can go up or down, its still not yours. If someone hacks and empties that account of money you can't complain, the money never belonged to you. The account is still there and open.

[@nickq8093]

You're paying for a private booth in a free public theatre that says it's gonna show one play forever.

[@AltimeterAlligator]

@Slack Oof. Imagine trying to buy a rare Charizard and accidentally buying the card sleeve instead.

[@autobotstarscream765]

​@@AltimeterAlligator At least the card sleeve has a use! 😂

[@GerardMenvussa]

lol I just looked up what these NFTs looked like originally. Honestly? This is an improvement.

[@iloveanothermanswives4278]

I always wonder why NFT can't be like, actual serious and beautiful artworks? But no, they must be hideous monkeys and butt-ugly goblins.

[@lightworker2956]

Someone should start an "upgrade / polish / pimp your NFT" business. You could probably make quite some money that way.

[@Nope_handlesaretrash]

even better, imagine demanding royalties for that trash

[@marasmusine]

If I had thousands of dollars, I would buy food, shelter and education for my children.

[@scrubbyjanitor1704]

Every now and then I hear people say something about IF they had invested in bitcoin. Somehow they all seem convinced that they could stop and not look for the next cash out

[@malakimphoros2164]

Just move to Europe for free education

[@fidelio9301]

@@scrubbyjanitor1704Some have, some haven’t. Just depends on the individual.

[@fidelio9301]

Thousands of dollars wouldn’t pay for children or education.

[@That_One_Guy...]

@@fidelio9301 not in your inflated overpriced BS of a country, thousand of dollar in my country would be enough to fund your entire college

[@midimusicforever]

Cryptocurrencies: Not your keys, not your coins. NFTs: Your keys, STILL not your art!

[@fluidwolf]

A lot of defense for NFTs was that it wasn't owning the image but owning the place on the blockchain and it just linking to said image. Now people are suddenly surprised that they don't own the image itself and the thing their place in the chain links to can be changed to anything at anytime. It is legitimately sad for the few artists that didn't see through the BS with NFTs and willingly put theirs up as NFTs due to the promised long term support, just to have the NFT bros go "no we don't want to so we won't". Not even going into the rampant art theft for NFTs.

[@Nogardtist]

As a artist i hated nft pretty much instantly I though of making one as irony But as soon as i heard you need to pay to upload thats a scam with galactic scale red flag

[@carlphilippgaebler5704]

"You can't change my NFT without consent!" Code is law lmao

[@harleyjune]

Cryptobros wanted decentralised, they sure as hell got it. No bank to bail them out of their terrible investment, no police to back up their claims of being cheated out of their property, no physical access to the 'item' they 'purchased'.

[@fluidwolf]

The fun part is that their NFT wasn't changed. It's still the same link they originally bought. It's like buying an arrow that points at a piece of art you don't own then someone moving the art and putting a trashcan there instead. The person can't complain because they didn't buy the art, they bought the arrow that was pointing at it.

[@maggie6152]

@@fluidwolf This is now my favorite explanation of it. 😆

[@KRJayster]

Honestly, it’s an improvement in the art quality Also, irs amazing that a whole bunch of people have been saying that an NFT is basically the equivalent of a receipt crossed with a hyperlink, and it took this long for someone to take a stand and actually demonstrate it.

[@toomanyaccounts]

several nft series went nonexistant when the nft server went offline

[@Sunmonks]

I remember back in 2019 and 2020 when everyone was talking about how NFTs are going to change the world. All I was thinking was, "yeah, right, I think they will impact the world in the same way any grift impacts the world: showing us how corrupt people can be, how comfortable they are with lying to naive supporters, and how cynical the business community has become over the last few years." It'd be sad if wasn't so funny to watch it burn.

[@exMuteKid]

cringe

[@pizzlerot2730]

​@@exMuteKid got a diamond hands nft bro here 😂

[@Apoc5k]

NFTs and crypto really revealed the paradigm between the greedy grifters and the gullible morons.

[@Nogardtist]

Nfts were made to burn This is irony at its best And now they moved for ai generators

[@fidelio9301]

@@NogardtistI mean they are still a thing, i don’t think any of this stuff is going anywhere tbh.

[@russelljackson2818]

"Fuck royalties" - What a fine demonstration of exactly how crypto bros felt about art and artists from the very beginning. I feel bad for the artists who dumped time and money into this hoping it would be their big break, but it was always pretty transparent that their only true purpose was as rubes being used to validate crypto. But I'm sure I just "still don't get it" and "hate the future" or whatever.

[@toomanyaccounts]

first two words looked you were agreeing with crypto bros, but you were showing why they were scum. congrats on understanding them even though it must feel like taking an icepick through the eye and into the brain

[@voratheexplorer6442]

If NFTs are the future, then yeah. I "don't get it" and I do "hate the future", because funnily enough I don't enjoy wasting money on trash

[@theveganduolingobird7349]

@@voratheexplorer6442 if my future is ugly ape art I think I’ll die young

[@voratheexplorer6442]

@@theveganduolingobird7349 absolute mood my guy

[@RingshadowCat]

What happened to "NFTs have royalties so it's smart for artists to do them so they can get paid!" Pepperidge Farm Remembers. From .. 2020?

[@russelljackson2818]

There are still peabrains who make this argument around today. Imagine earnestly telling another human being that they can get rich or even survive off of people buying "copies" of a jpg.

[@mapu1]

@@russelljackson2818 To be fair people who sell stock photos can earn money, and people do sell like online comic books and stuff, so it is a thing. That said it's kinda like selling books, you can make one, but if you want to get rich you gotta win the lottery, or spend shitton on advertisement.

[@TorIverWilhelmsen]

That the NFT image can change is the entire premise of the NFT projects with "egg-hatching" as their core function, like that scam from that KZbinr with the stock photo mashups.

[@CainXVII]

Cryptozoo - let's never let Logan Paul forget

[@joshallen128]

Pixelmon

[@JustToSaveYou]

This is a REALLY hard concept to explain to people, even people that understand how inherently shaddy this is reach a point where there brain goes, "that can't be right." I tried to explain this to someone and the closest I could get them to understanding was "You think you're buying the picture, but you're only buying the receipt." Once we got to "the link can be broken, the image can be replaced, it can be replaced with private information, or illegal content" they couldn't get it. This was not an unintelligent person, it's just SO obfuscated.

[@benjaminshinar9509]

when you sign up to a streaming service, you don't buy the shows that are streaming there. you buy (rent?) access to a library of media. and netflix/disney can remove everything from the library and put up old cartoons instead, or weather forecasts, or they can keep the series names and episode titles, but whenever you try watching them, you only get weather reports.

[@nobodyinparticular9640]

I mean, the simplest way to explain all of this bs is this: It's a scam, lol

[@davoodoo8042]

@@benjaminshinar9509 yeah but im also not paying 100k+ for it nor is anybody pretending that itll be there forever. Meanwhile hre you buy an nft #xxxxxx and you still got nft #xxxxxx so you cant even sue them.

[@thatHARVguy]

NFTs is like buying a bus/subway ticket (you own) for $10,000 and looking at the posters (you think you own but don't), which can be changed without your consent.

[@JustToSaveYou]

@@nobodyinparticular9640 They understood that part. lol It's the rest that was hazy.

[@warren_r]

How do you get this far into 2023 and still not understand that NFT's are almost entirely a scam? The "Line Goes Up" documentary came out like 16 months ago!

[@kevinsam8992]

Just because it's BS does not mean you can't make money from it, you just don't want to be the last one holding the bag. In early 2021 if you bought into almost any NFT project you were guarantied to make money.

[@warren_r]

​@@kevinsam8992 None of those projects from 2021 were pitched as you are describing. They were marketed as investments, not as a game of hot potato or musical chairs.

[@felicityc]

@@kevinsam8992 I bought a couple cheap NFTs back then and they are worthless now and never increased in price. You actually had to buy a popular NFT or get lucky. It was a roulette. There are countless NFT projects that are completely worthless and were a downtrend. It is the same for every crypto project. There have always been some that did "moon" but 99% of them went straight to zero. It is major survivorship bias because many people are embarrassed to say they lost money, I'm convinced.

[@resisilobus3191]

@@felicityc better to go to a casino, higher chances to win lol

[@UncleSkiBum]

I love the term "potential JPEG", this shit is just so funny 😂

[@matthewyoho5422]

Kira: what makes this even funnier is that it also invalidates the typical NFT-bro response, when confronted about the realities of link rot or someone just switching the image on the other end of the URL out for something else, to suggest that "most NFTs use IPFS now, and you can't change what those point to (and they're decentralized, so we'll pretend they'll never be subjected to the same sort of link rot that a normal URL is subject to)!"... because those NFTs *did* use IPFS, for their images. They didn't change what the picture was, on the other end, the smart contracts had an API function they could call to just... let them replace the IPFS link itself, to one that points at the hilarious animated middle finger person. Turns out most NFTs these days work like that, the only part of them that's truly "immutable" is the token itself, every single piece of the metadata that gives the token any context? All subject to change, after the fact.

[@PS3PCDJ]

Imagine creating an NFT collection, where after it becomes popular you change all the pictures to CP. Would love to see the reaction of NFT bros as they are "proudly" displaying CP on their Twitter and stuff.

[@RaceBandit]

That would be a hysterical way to burn the world down.

[@phoenixmarktwo]

A less FBI inducing version that would arguably be funnier is furry porn.

[@PS3PCDJ]

@@phoenixmarktwo Yeah, fair

[@DsiakMondala]

It wouldn't display, their image on twitter is not "live" with what is on the link, when you use it on twitter it is just uploaded to their website like the regular jpeg it is.

[@Steshan]

My question is how they’ll even get the possession of something like that?

[@Sumowning]

It's like owning a keycard to a locker that's in a public building with a picture in it, you don't own the locker or the picture in it, you don't own the building. The building owner can change the code, reorganize the locker, hell.. Even get rid of the building at any time they want. Because in the end you just have a keycard whose worth and use is determined by the person who owns the building.

[@lofoten2223]

It's like subscribing to MTV because you like music videos, and then they start playing reality television instead. Same thing.

[@elhazthorn918]

No, not the same thing. Dumber.

[@jamesc5751]

It's like paying 1million dollars to buy some MTV celebrity's pube because maybe you can sell it to the next schlub for 2 million dollars only to find out it was just a random worthless pube.

[@BluetheRaccoon]

I love the middle finger art. It's an entire mood!

[@Ngontih]

B-b-but I thought they were supposed to be unfungible!

[@shocknawe]

Again: wow, this bookmark payed off big times. NFT blokes are so amusing. Next week: another 5 big NFT’s hacked.

[@CainXVII]

Thats brilliant. Those middle fingers should be worth money, that is real performance art

[@harleyjune]

But... didn't they already know this from those 'egg hatching' NFTs like pixelmon? They didn't buy an egg NFT then get given a second, hatched NFT later. They bought an egg that then had the image changed. It's almost like they don't care what creators do unless it makes line go down. 🤔

[@Naptosis]

I'd lol if the only copies of their 'original' NFTs were from right-clickers. 🤣

[@kansascityshuffle8526]

Can’t wait for the Banksy NFTs to disappear.

[@sinjin8576]

Ngl the middle finger is substantially better looking art than any of those goblin town images

[@aeriumfour6096]

Yesterday: "I own a 1 of 1 image!" Today: "I own a 1 of 1,000 image :/"

[@thatHARVguy]

*Google search for image* Tomorrow: "I own 1 of 1,000,000 image. ;-("

[@lionhardt1]

Yea, calling it the “Middle finger” instead of the “Rug Pull” is a lot more entertaining.

[@krmunoz2169]

NFT's as an infrastructure evolution is very misunderstood by people hungry for get rich quick and scammers. This tech's only for verification and authenticity. In the future NFT's will work without you knowing you're using them, you'll buy a ticket for a concert and will enter with a verification from an app (that will be a wallet but you don't need to know). What Kira is showing is: even though you can be "verified" that you bought a concert ticket they can still block you at the entrance (if you go naked for example), you're not really entitled to anything it's still their rules. Auth+verification can still be a very powerful but of course this narrative doesn't suit scammers and get rich quick schemes because people want to invest when there's nothing for people to really invest on yet, you have to let the engineers build something more solid first.

[@Self-replicating_whatnot]

The things i learned so far about NFT's is that they can be funged in every way imaginable.

[@randomstuff-qu7sh]

A lot of people don't really get the receipt metaphor because most receipts actually say what you bought, thereby giving proof of purchase. I think NFTs are more like buying the key to a storage locker that is in a building you do not own. You may have the key, but you do not own the locker, nor do you have physical access to what you were told is in that locker. The maintenance folk probably have keys also, so they might end up accessing or changing that locker without your knowledge or consent. And if the building gets sold or the owner decides to go out of the storage locker business, you're suddenly the proud owner of a key to nothing.

[@randomsandwichian]

The tenants are screaming that the private exhibit space they paid rent is being converted into a mall, now it's not your space!

[@Xahnel]

Now, legally, and hilariously, the best part of this is that trying to claim royalties on secondary resale of something that you sold someone violates established consumer rights laws. *If* NFTs are unique and singular art objects, *then* then once you sell it to someone, you have zero control of how they dispose of it. You can't sell an object then act like you still have ownership rights over that object and are entitled to a say or a portion of the sale. People have *tried* this shit, and they were smacked down in US courts. So the protest... Is them protesting the violation of a contractual agreement that any court would declare is illicit. So, not only do the NFT bros have no idea how image hosting works on the internet, the NFT's creators have no idea how consumer law works.

[@Spamkromite]

And that's also another reason why it's dangerous to purchase a digital item that is part of a gambling-game that can be replaced with something else at the discretion of the developers of it.

[@itweeb4765]

They've been told it's just a link that can be changed or removed at any point. They've kicked, screamed, and insisted that's not true. I'm surprised it took this long.

[@14zrobot]

I absolutely love this story. If someone will ask why NFTs are stupid, will just point to it (=

[@ericl447]

"How many times do I have to teach you this lesson old man?" - Always cracks me up 😄

[@AliothAncalagon]

Absolutely hilarious. NFTs really are a comedy gift that never stops giving.

[@dfghgg6167]

NFTs is really just buying a frame with a picture in it, but you only own the frame.

[@joshallen128]

Or a Pokemon card that can change while you sleep

[@ancient1der]

My favorite part is when the NPC's made goblin noises.

[@shaece798]

NFTs just feel like art commissions with extra steps.

[@russelljackson2818]

And at the end, you don't even get custom artwork.

[@gamemusicify]

Another great example of decentralization one company being able to change a entire project with zero input from the community

[@Sem5626]

it amazes me how many people drop massive amounts of cash on this BS thinking they know how it works but really they got zero clue

[@MsQueenOfDance]

If only they had listened to the people telling them this exact thing could happen instead of covering their ears and shouting "fud" at them.

[@Chaotic_Jackal]

Glad to see NFT bros once again getting a reminder that there are no winners in the NFT market, just varying degrees of losers.

[@Xahnel]

"I bought the art!" "No, you bought a link pointing at someone else's server where the art is hosted." I kept telling them. I kept saying "it's not stored on the blockchain, it lives on a server in the middle of you don't know where, anything could happen, the warehouse the server lives in could die, the hard drive your jpeg lives on could die, they could make your reciept link point at something brand new." Fucking crypto bros, man. Hopefully, this completely destroys whatever trust is left, and that's the end of NFTs as an 'investment'.

[@ralphmueller3725]

I see this, and all I can do is laugh, never invested in this obvious scam so...idiots and their money are soon parted.

[@samantaluna3870]

Wouldn't be easier to just buy digital art with a copyright clause?

[@toomanyaccounts]

yep or buy art that would be printed and put in a frame.

[@CainXVII]

I am a painter. It doesn't get less fungible than that. I can't even make the exact same picture twice.

[@CainXVII]

And as a theatre painter, I specialize in doing the exact same painting...

[@KaoruMzk]

But then you wouldn't be able to launder money as easily!

[@joshallen128]

​@@KaoruMzk unless you got ai to physically paint a picture

[@Caerikz]

why do they keep spending money on this?

[@animalm4st3r]

thats easy. All these people have a big case of FOMO, Fear of Missing out. They all have seen the rise of Bitcoin and how it made early adopters rich. Now they all are hoping on any bandwagon that promises a sliver of that

[@Megablueliner1]

FOMO + sunk cost fallacy.

[@DemmyDemon]

Because of bulls on the moon, I think? Something like that.

[@Sniperbear13]

you would be shocked how many people would fall for the same scams over and over.

[@toomanyaccounts]

@@Sniperbear13 the scammers often have ledgers with the scammed details. the scammers trade or sell the ledgers to other scammers

[@dorbie]

The image explains that everyone will be airdropped new NFTs with a new smart contract that enforces royalties. So this will be fine. Bloody hilarious though.

[@yuch4eve]

Metadata is exactly what i always thought nfts were, they contain information about the file, points to the location of the file. Its so weird how nft gang like to throw the word meta around and it never occur to them their million dollar crap are just metadata

[@schwingedeshaehers]

It is not even metadata, only the link. If they added a checksum, it could be spotted easily, that the content of the link was changed, or make the changing much harder.

[@joshallen128]

The asset is centralized the token is not. Has to be for this thing to have a value otherwise you are selling copies of something that can be reproduced infinitely

[@joshschmidt8784]

Honestly I don't know how people have not caught on by now... either people are really that stupid, or this is just money laundering/wealth transfer in plain sight while looking like normal everyday joes are losing money...

[@drtoxiccookie]

I nearly fell off my chair when you said about them making goblin nosies 😂

[@BlazeMakesGames]

omg I might have to make my own video on this because I LITERALLY predicted this exact scenario! I'm so happy to see it actually come to fruition lol. Like most NFTs are just URLs to some traditional image hosting service. If the creator of the NFTs also owns the server the images are hosted on, well they have absolute control over them. The URL can be thought of as just pointing to a dedicated space on a server, and the server owner can choose to fill that space with whatever they want. Thus if they wanted to, they could swap out the data stored in that space with whatever they wanted. Thus the 'perfect immutable non-fungible token' is actually just entirely at the whims of the server owners. Even if the creator of the NFT doesn't own the server it's stored on, if that service goes down at some point, all those links will just be dead and you won't be able to access that image anymore. (Unless of course you right clicked and saved it directly lol)

[@magnemoe1]

This, only reason none has done it is that it nukes the marked if by an large enough player. Yes its fun to convert the ugly monkey into an image of an nice rug after a pull, but it would make it harder to repeat the scam.

[@vytah]

@@magnemoe1 It already happened in 2021 with Raccoon Secret Society. They never learn.

[@Nogardtist]

It was predictable and these scammers made fun of us telling this will happen

[@NewNecro]

It doesn't matter. They wouldn't listen then, wouldn't learn when it happened, will still invest thinking that this time it's gonna be different unlike the dozens times before.

[@xaf15001]

@@magnemoe1 could be fun for shorting tho. Get large pool of crypto, sell it, put on short, nuke the collection.

[@r7calvin]

And in relation to utility NFTs, their utility is still fully centralized, always. Despite crypto-gamers continually repeating that "with NFTs you ACKSHUALLY own your in-game items," the game devs can still unilaterally choose to make all your NFTs worthless by just changing the game client or server code.

[@couldntmixapotnoodle]

If it was the art they wanted, they could have got a commission for 20 dollars from an artist. I thought i was too thick for all this NFT shit, it turns out i understood all along

[@llewelynshingler2173]

NFT technicians giving harsh lessons? Blimey

[@MarjaMariachi]

It's like a standing in a queue that goes nowhere. Each space in the queue has a different piece of artwork hanging there. You buy a space and queue up. A bit later, management decides to renovate the place, and they take down all the art.

[@ekki1993]

Yet another episode of cryptobros discovering cars with square wheels don't work, so they try with triangle wheels because round wheels are part of the corrupt automotor industry.

[@nervouswilly3978]

I just really hope these crypto-bros all change their PFPs to reflect their new realities...

[@skinwalker69420]

NFTs are a really fancy receipt. They're a modern version of a receipt scam.

[@SammEater]

And this is why owning real physical art is better, your frame on the wall won't simply change one day when you wake up to an image of a middle finger.

[@rudeboyjohn3483]

NFTs are "difficult" to understand when you're a reasonable person trying to explain insanity

[@Ragnarok540]

Is not that hard... Buying an NFT is like buying a receipt for an Item that doesn't really exist, the important part is that the existence of the receipt proves how dumb is the person that owns it.

[@joshallen128]

​@@Ragnarok540 music nfts are the rage now since you can resell mp3s yay... Eh it puts a price on everything trading cards style

[@LugftHuronAC]

I used to ask people “if the internet goes out what happens to all your bitcoin?” And they’d stutter for a sec before making a panicked excuse. It’s mind boggling that people buy into this.

[@creeperizak8971]

If it's just the internet then nothing would happen to their bitcoin, they just wouldnt be able to access it until the internet goes back up.

[@r99716]

and if the electricity goes out you can't access your bank account

[@LugftHuronAC]

@@r99716 sure but if I have cash or items that are worth real money then I have something right? Not imaginary pictures that no longer exist?

[@LugftHuronAC]

@@creeperizak8971 what happens to your bitcoin when it doesn’t? Do you go up to the food queue and go “please sir I have a monkey picture that’s worth 260k” For instance, some sort of life altering event happens. Would you accept a link to a monkey jpeg as a form of payment for services rendered?

[@creeperizak8971]

@@LugftHuronAC yeah in the face of disaster its only natural that the value of all sorts of different things would change, for example, what if it turns out the entire economy you're in was actually a bubble, and now your cash is totally worthless? You can think up all sorts of crazy disasters that would turn the world on its head but even so, a regular person would be hard pressed to actually be prepared for every possibility.

[@globurim]

Should've just commissioned an artist instead of this stupid NFT scam.

[@antondovydaitis2261]

#ResistCrypto #ResistNFTs Don't give them your money. Don't invite them into your computer. No wallets, no tokens, no crypto. Refuse!

[@robertwildschwein7207]

I didn't understand anything, but the people who changed the NFTs images to this crap are legends!!!

[@nexus3756]

I have been waiting for this to happen lamao

[@toomanyaccounts]

been waiting for nft host server to become infested with cp

[@Sniperbear13]

man i would love to see this happen more.

[@Ramsey276one]

Probably will...

[@Feynix4]

went to the mall yesterday with a friend, and no joke, I saw some dude carrying around a huge bag with 3 Bored Apes printed on it

[@kalythai]

Wow, nfts are just pointers. It's something we knew all this time and here we have people crying over what is essentially a 1kb desktop shortcut.

[@Homiloko2]

They could've better spent a part of those 1000's of dollars setting up a server and hosting their own png

[@gregorybrissett9717]

Decentralization= No government regulations= No accountability.

[@finalfantasy50]

truthlabs did the right thing, if one of the good parts of nfts are royalties for artists, then it should be enforced

[@toomanyaccounts]

except they were the ones giving the finger to artists

[@s871-c1q]

we're in the crypto space, "doing the right thing" does not exist here

[@Klumpozyte]

It is basicly like buying a locker because of what is currently in it but just owning the locker and not the desired contents.

[@Ramsey276one]

A RECEIPT for the locker, more like...

[@erlanddrow7950]

Thinking back to that Tweet I saw a few months ago where someone said "I lost everything, but at least I got my @GoblinTownNFTs left."

[@Wastingsometimehere]

This is a fear of online gaming as well, but even if a game shut down maybe you got days of enjoyment out of it first. What in the world did you ever gain in enjoyment from a NFT? NFTs are all about the thought of buying something low then dumping it on someone for more money. Bros waking up to find out they aren't the top of the pyramid.

[@mhc706]

Ok but imagine this: Whoever did this turn one jpg into at least three looped jpgs! Tripling the value!! This is a joke, just like nfts

[@JeredtheShy]

I'm just pretty exhausted that there are SO many clowns with enough spare money to buy these things up while also being so drastically stupid that they would actually buy them.

[@AcmeWingbaby]

So basically; An NFT is a key to a door. You do not own the door. You do not own what’s behind the door. You do not own anything connected to the door. The door isn’t even attached to anything. Anything can happen to this door at any point in the future, without either your knowledge or consent, as you do not own it. It can even be completely demolished or erased. If anything happens to this door, the key will have no other use, or potential of obtaining a use. I have placed a PNG on the door. I am charging 12 million bucks for the key. This is totally not a scam. That about right?

[@DerUnglaublicheFrank]

an NFT is a post it which gives you directions where something else is.

[@Z_E_B_O]

dude: buys a link to a png owner: changes link to middle finger dude: surprised pikachu face.

[@gusty7153]

reminds me of the video where someone explained that nft is the place in line and not the picture

[@WhichDoctor1]

“you will own nothing and be happy with it”

[@kylegonewild]

So this is what going goblin mode really means..

[@kcla048]

I don't know if they do this already in the NFT space but they could also include a hash of the authentic image on chain along with a display URL for convenience, so at least if (when) the URL dies you can still prove ownership of a copy you've saved or hosted elsewhere.

[@Chris-zg7ty]

lmao. This story is so perfect. Can'tl wait for all the tiles of Earth2 to change into a trillion FU pics.

[@MikeCrain]

NFTs are a great example of the tale as old as time of people who need help but don't want it no matter how much they get fucked over, so they can't be helped.

[@johnnyrico4795]

i always wondered wether that is possible or not, well i thought it was but wasn't sure why NFT hodlers are not freaked out about it

[@toomanyaccounts]

nft holders would require brains to feel fear

[@joelcolegrove]

What is a goblin noise? Goblins don't exist lol!

[@toomanyaccounts]

did you miss the news about the youtube gobling gang being charged for financial crimes?

[@joelcolegrove]

@@user-h38eudb8e have you seen Erwin Saunders?

[@matm4331]

Maybe the "owners" thought ahead and right-clicked to save a .jpeg so all is not lost? heh heh

[@diskgrinder]

They right click furiously until a jpeg emerges, and then red faced and exhausted, they change hands and left click

[@TheKeinash]

they are called jpeg mafia for a reason