The Slippery Slope of NFTs

In the beginning, NFTs were really just a way for digital artists to make money off their pieces. But over time, we've been seeing some NFTs getting sold for ridiculous amounts of money: Beeple's $69M collection, Nyan Cat, Disaster Girl, Overly Attached Girlfriend and many more. And now, Charlie Bit My Finger has been added to the list, sold off just recently for $760,999. But what happened?
Watch Daftpina's Annoying Orange NFT video: • How NOT To Make NFTs w...
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[@JohnSwanYT]

UPDATE: Charlie Bit My Finger will no longer be deleted!! “After the auction we connected with the buyer, who ended up deciding to keep the video on KZbin,” Davies-Carr told Quartz. “The buyer felt that the video is an important part of popular culture and shouldn’t be taken down. It will now live on KZbin for the masses to continue enjoying as well as memorialized as an NFT on the blockchain"

[@paulineconroy9589]

Hey man, can you give me your music list?

[@nikkired5584]

Wow that’s amazing news! What a great guy the buyer is! Still worried about other iconic videos that could be sold/deleted. But it’s nice to hear that at least this one is staying up.🙂 Thanx for the update Swan!

[@paulineconroy9589]

@@nikkired5584 yeah

[@paulineconroy9589]

@@RiSK907 what did John even say in the Dream video? LOL!

[@smartsmellafartfella1922]

Dream cheating vid or I unsub. JK lol

[@nobody.123]

*Digital media is easily duplicated.* *“Charlie Bit My Finger”* will live on KZbin as re-uploads, and elsewhere on the internet. This is the problem with most NTFs (in the way most are being used today), it’s really just a pseudo-rarity. Physical media can be knocked-off, duplicated and distributed, but not with the ease that digital media can be; which can be *practically identical to the original.*

[@ImNotSleep]

Maybe it could be used for unreleased/undublicated digital images. 🤔

[@nobody.123]

@@ImNotSleep It has a lot of cool applications, with artwork and others areas. I don’t mean to say that they’re useless, I’m really just talking about this dot-com style mania for artwork that buyers think is more valuable than it actually is.

[@TheOvadex]

When you buy and nft you don't own anything but the nft. The artist/creator retains all copyrights. All you get is the right to say you spent a stupid amount of money for the right to say you spent a stupid amount of money.

[@KaplenPayne]

Finally a comment that didnt lower my IQ after reading it.

[@leoissleeping]

I WAS LOOKING FOR THIS COMMENT THANK YOU

[@kims364]

Lol exactly

[@Ansh77K]

Holy shit after all this month finally I understand this

[@bloodbarage]

More poor people = more rich people. Poor people know nothing of money and how to use it as a vessel and not transaction for happiness. The one thing rich people like to do is flex that richness. Come in NFTs.

[@Hoi4Hangout]

He Blocked the word that you see in your sleep LMAO

[@bloomfilms]

Imagine someone legally owning your high school yearbook photo...

[@Mahoneyyay]

NFTs have to be the single dumbest thing I have ever witnessed

[@teddyfurstman1997]

I agree so dumb and makes me feel dumber thinking about it.

[@Lundarian1]

it's likely money laundering.

[@FroyourHistory]

@@Lundarian1 as is a lot of art sadly

[@doctorthee]

NFT's arent dumb, only this "art" side of it. U can also use them for example to make concert tickets, making ticket dupes and the scummy second hand market much more fraudproof. Good tech wasted on a greed hype...

[@lulamaanderson]

That's what they said about KZbin.

[@ultronversee]

Swan upgraded to a collared shirt, that is very based

[@raxcentalruthenta1456]

NFTs are absolutely absurd. "let's take something everyone enjoyed for years and make it a rare commodity that only one person gets to own" It's a stupid way to make a quick buck off of desperate fans. It's disgusting.

[@mawnki8037]

Lol your perspective is distorted. NFT's are not absurd as it'll incentivize digital artists to create a digital VR world. You can still enjoy the video by watching it again.... what is the issue. When goods and exchanged for money, both sides are happier - you can be critical but this is how starving artists will be rewarded in the future. Maybe you should cancel your Netflix, Hulu, and Spotify Premium as your argument states "It's a stupid way to make a quick buck off of desperate fans."

[@Delta21OnYT]

@@mawnki8037 Those are subscription services lmao, being able to watch old shows, movies and subscription originals can't be compared to someone buying something on the internet

[@DJScrewdriver]

When is the John Swan NFT coming out???

[@emthology]

have i watched charlie bit my finger in the past 10 years? no. but my outrage is immeasurable and my day is ruined. i'm sure this will be a banger swan, it's a topic a lot of people don't really know a lot about yet.

[@mayflower5193]

True, first time I'm hearing about it lol

[@teletubbiestunetwister9570]

Yea... it's sort of strange to think of the vid not being there. Like, why can't the owner just be the receiver of the royalties or something? Strange days. :(

[@thegraveofeinstein7820]

In a year nobody will care about NFTs, it’s a trend not much more.

[@mawnki8037]

In a year, you'll be the one caring about NFTs. Everyone hated Tik Tok at first too

[@derekisludicrous9203]

@@mawnki8037 everyone still hates tiktok

[@VisionsOfSpy]

@@mawnki8037 dude, everyone still hates tik tok, except maybe the 13-16 year olds who actually use it. The content on there has been responsible for some of the stupidest, most dangerous trends in the past 10 years.

[@basedelon]

I don't understand any of this and have never heard of NFT's until this vid.

[@ppleakage2785]

Digital Content: Exists NFTs: Hippity Hoppity, Your item is now my property

[@StarShade0]

I have to say. Your presentation has gotten even smoother somehow. The flow of these past two videos really stand out.

[@VoxelPrismatic]

I think it should also be clear if someone else sells my art without consulting with me first, I still own the copyright. It's like stealing a record from the store and selling it to someone else. You must own the thing to transfer that thing's lawful ownership to someone else first

[@jloomis7]

I feel like my clarity of NFTs and crypto is like when the concept of email and internet felt for people 30 years ago. It's very difficult to wrap my head around how it all works.

[@prosciutto3367]

You lost Kira... its over.

[@Shane_anigans_]

I'm so glad you're making videos again, good on you.

[@AveryTalksAboutStuff]

Capitalism really found out how to sell nothing. 😂

[@teddyfurstman1997]

Lol It's Late Stage Capitalism all over again.

[@mawnki8037]

People who say that NFT's have no value are the same people who will be annoyed that the original Charlie Bit my finger video is being taken down. If we use their argument, they should feel nothing as there are countless uploads of the original video still on KZbin. But the truth is that we all feel something when the original is taken down and sold, proving that NFT's have value

[@DevonDekhran]

@@mawnki8037 dude I couldn't care less about any of the things I've seen being sold, and I still think it's literally worthless to "own" some random digital media that can be replicated as many times as anyone wants like photos and videos

[@navydave5238]

@@mawnki8037 The video has value, and NFTs being nothing doesn't mean they don't have value. If it can be sold and there is a demand for it, there's value.

[@chud21]

Capitalism is when nft

[@shadbakht]

But digital content by definition is fungible! That’s the part that makes no sense. It’s 100% reproduce-able and replicable perfectly.

[@WitchLunaEstrella]

Yeah, it's strange. It's more about being able to say "I own this" rather than what's actually happening with the piece in question. It kind of made sense as a way for digital artists to get on more even-footing with physical artists, but now people are even buying NFTs for things like the winning basket of a basketball game, a moment that has such an abstract concept for what ownership even means that it becomes somewhat absurd. But some people either just really want to say they own something or really want to sell it to the people who want to say they own things.

[@KaplenPayne]

And this has nothing to do with copyright. You dont own anything but the NFT.

[@QuentacosIsMe]

@@WitchLunaEstrella Yeah it makes more sense to own NFT’s that you can stake or use in some sort of game

[@vickie153]

Yay another video 🙃😁 glad you're back!

[@WesMinecraft]

Thank you for making this video! I've always thought people were misusing NFTs so this was very much needed to be addressed.

[@mayflower5193]

I'm liking the investigative type vids, it's a much needed break from the usual drama commentary.

[@Aragorn7884]

For people with more money than gawd and don't know how to spend it.

[@mintychip]

Another video this soon? Big pog.

[@NateAlyn]

The level of quality in your recent videos is just as refreshing as ever.

[@neomelmalubay1680]

Nate is here

[@alexiocatan5602]

I bought a NFT for $10 and it cost me $200 to actually purchase it because of the ETH Gas Prices😞

[@----.__]

ETH gas prices? I get the reference to Etherium, but not the whole in context. Not trolling, could you elaborate? Cheers m9

[@alexiocatan5602]

@@----.__ You have to pay gas fees to mint a piece of NFT artwork

[@----.__]

@@alexiocatan5602 Legend, thanks mate. Pretty confusing for the uninitiated. Have a sub, for what it's worth.

[@buckmusky2201]

@@----.__ Pretty much any interaction/transaction with the ethereum blockchain requires gas fees, which is paid and deducted from your eth wallet before an interaction takes place on the blockchain.

[@----.__]

@@buckmusky2201 You guys are awesome, really appreciate the help. I did try searching but got results on what the gas prices are, not what the actual gas prices are about. Cheers heaps, have a sub :)

[@UpperEchelon]

you have the best intros and soundtracks on youtube tbh

[@Jonathan-qk5ed]

Love the content*

[@caleballen1330]

Not to mention consistently putting out well researched, finely editted and easy to watch long form videos.

[@owens-h7323]

It sounds the exact same as johnny harris

[@ImNotSleep]

Thats some truths right thwree.

[@VGDocs]

tbh it makes me wish I could find stuff like it on the likes of epidemicsound. really good stuff

[@NOIZZYT]

Ayyyy I guess you were working on a lot of videos during that break And I’m seeing a trend of more frequent uploads really excited!

[@NOIZZYT]

@@Amelia_Whitevoid Eh em *dream stan*

[@harlz441]

bro im so happy ur back

[@xExotic]

I wonder what other videos will be sold off as NFTs... well either way good video, as usual swan!

[@ikilledkennyubastard7053]

Ahhh some good quality content. Glad my guy is back

[@Dumpy]

keep up the good work johnathan

[@brettc6132]

John swan vids coming in fast now, guess homeboy was busy in his time away

[@JohnSwanYT]

I made this video in the past 4 or 5 days believe it or not lmao

[@useless4692]

@@JohnSwanYT still, it’s so high quality that it’s unbelievable!

[@brettc6132]

@@JohnSwanYT well good on ya, I missed your content while you were away so I’m glad you got us two so quickly lol.

[@Ibrahim-wr5fs]

@@JohnSwanYT yeah you only went away to get the hate away from you lmao

[@GOONALLCAPS]

@@JohnSwanYT yeah must be a lot easier when you're putting no effort into your videos now trying to Captivate whatever small audience you can, you have no place here why don't you move to a website where you didn't screw everything over on like what is a daily motion

[@eggiex6297]

Realy cool that you didn't stop. i still like your content dude.

[@amr99912]

Charlie Bit My Finger will always and forever be an iconic video from KZbin,That video for some of us was even apart of our childhood.

[@teddyfurstman1997]

I agree it will be a part of KZbin forever and not even NFTs or digital removals can't change that fact. Also, preserve the internet and don't do NFTs people! They are Pointless and just bad for the earth.

[@ewetwentythree]

New upload from my favorite bird!

[@blablablaj]

Let's hope that NFT scan artist don't grave themselves deep in their lies and blow up with their shit out of proportion 😏

[@TheRealFlamingNinja]

One thing you missed in your video is that in order for the NFT to be 100% verifiable all the data has to be uploaded to the blockchain ergo it's literally just paying for the privilege of having your name next to something which is completely free to access by everyone at all times.

[@thebe5twon-minecraftbikera979]

This isn’t a new concept, though it has been stupid for a long time. You can look up any famous painting, and see exactly what it looks like. You can even get physical copies. Why the hell would you need to buy the “original” that provides zero benefit.

[@TheRealFlamingNinja]

@@thebe5twon-minecraftbikera979 Yea okay but a digital representation or a print of the Mona Lisa is not the same as the physical artefact, NFTs are literally digital only and the nature of NFTs means that everyone else must have access to the exact same content as you. Whether you agree with the idea that rare and old artefacts hold any value or not, it's much harder to make the same argument for NFTs.

[@mawnki8037]

@@TheRealFlamingNinja Explain to me why physical artifacts are more valuable than Digital artifacts, I see them as equally valuable. Art is about creation from the artist and ownership, it doesn't matter how the art is owned. For example, if someone tries to sell me an exact replica of the Mona Lisa, I would say its a scam and not worth as much as the original (Even though the are the exact same thing). The great thing about NFT's is the accessibility and tracking of artist royalties from re-sells and easy artist art duplication by changing the art to however much the artist wants to exist (which artists who duplicate their art IRL need to make identical physical pieces which takes time and effort)

[@andramontgomery326]

Good to see you back man. An actual journalist.

[@elvisneedsboatsbennett2455]

Going through your videos and playing all the ones I have missed

[@lyria2638]

dream cheated lol massive cope from dream fans

[@xx_1dreamstanlegend_xx422]

@@user-pd2zb6jx4w no it would be great if john made a video on that dumbass dream

[@xx_1dreamstanlegend_xx422]

@@user-pd2zb6jx4w that's fine, if john (despite his good talking points and argumental capabilities) doesnt make a dream video, there are still many others who've called him out rightly

[@Blue_Maxine]

John doesn’t deserve the hate but my opinion on the speedrun is the same as inabber. To quote from him, my opinion is “I do not care about the speedrun”

[@Yousifzzz]

@@user-pd2zb6jx4w dreams apology was so bad literally said he deleted the mod folder and still did manhunts some how that was not 5 hours long in edited they were still 2 hours long unedited and then he said that he accidentally cheated which was a big excuse because free that many mod author’s said that is impossible to just do that and then he said sorry to the mods in the worst way possible in a random area in a big document and they deserve a better apology because they got harassed by morons like you to leave the platform for awhile

[@solaris4022]

@@Yousifzzz Millions of simulations played minecraft and NEVER got close to dreams luck, you're more likely to get hit by lightning twice in the same day than you are to get dreams luck.

[@cyrus2395]

Thank you for making this perfectly clear and understandable

[@batmanfanboy3235]

Bro don't give up we here to support you

[@bloomfilms]

Where do you get background music? Great editing my guy! I think NFTs will take a couple of years to be a reliable thing. Take for example👀 an NFT ticket sold to a fan that was 1of 25 backstage passes.

[@JohnSwanYT]

All the music in this video is by Tom Fox! Super talented guy, you can find out more about him by using the link in the description

[@andrezest]

@@JohnSwanYT come back soon.

[@rishabh6021]

LESS GO HES BACK

[@XplosiveSRG]

Swan Tell Cobra that Congrats On his Achievement

[@Voidsmoke_]

Great that you're hope you keep making great content

[@simply.london_8670]

69 million dollars out of all numbers 💀

[@lunarrequiem3442]

Man returned from controversy into a collared shirt, upgrades people ,upgrades

[@80reo58]

The soundtrack is so well done. How is this content free. It's so good

[@kims364]

Thanks for explaining NFTs, none of it makes sense though and it's dumb lol but I appreciate you making this video!! Keep up the great work❣️

[@BiodegradableYTP]

I'm more concerned about the environmental impact running all that computer processing to keep the blockchains running than I am about bored rich morons buying memes.

[@mandapanties]

YUPP

[@DevDawg323]

I don’t know why, but I didn’t get notified for this video or your other video. KZbin is so frustrating sometimes

[@nicoanon]

YES !!! YOURE BACK!

[@miirico5398]

"If you know the answer, you know the answer." Fucking yikes in a half.

[@XplosiveSRG]

Swan back my guy nice trolling

[@19555]

It’s said what’s happened to his channel

[@kritikill7779]

no it isnt

[@faisalislamchowdhury5183]

@@kritikill7779 yes it is

[@ZomBeeDabadee]

sad???

[@nikkired5584]

Great video John I finally understand what NFTs are, yikes lol

[@thelastmethbender]

Return of the king 👑💪💪

[@thegermanfool8953]

At least he's back I guess

[@wharton8274]

I do like short videos I’m just waiting for you to drop a long video those are my favorite

[@Andreslmaolol]

really tho. this was a really good video mr swan

[@oredragicevic8114]

Bruhhhhhh i got notification 5 days later

[@JohnSwanYT]

KZbin's systems working as well as ever I see

[@goldenlanceheadpitviper8338]

@@JohnSwanYT indeed

[@4imo37]

Great video!

[@mrdarkone823]

He is back

[@kenshii4400]

He has returned

[@Spectorblade]

sorry for you dude

[@hakimehamdouchi7468]

welcome back

[@malondo4233]

They did a little trolling, John.

[@Mixcoatl]

NFTs - a money launderer's wet dream.

[@mawnki8037]

The physical art market is the exact same thing but everyone bashes the digital art market instead

[@phinius.m3748]

Okay he's back

[@TurboPikachu]

My take with stuff like Charlie Bit My Finger being removed from KZbin, at least in its original incarnation, is a bit cathartic. It allows me to feel a lot less sentimentality in abandoning the internet. The internet in the past was a place I used to escape to in order to avoid the rigidity of the real world. But now the real world has become my escape from the unchecked corporatism of social media and the extreme leftism and toxicity of the online populace.

[@CLANCYSC0RPSE]

"captialism breeds innovation" Capitalism: haha we made a funny viral video into an nft

[@teddyfurstman1997]

Screw Capitalism because it hurts people, the earth and the internet.

[@mawnki8037]

NFTs are innovation, you just don't know it yet

[@handsomeboi3767]

@TheGermanDuck how are nfts not a innovation?

[@handsomeboi3767]

@@teddyfurstman1997 how does capitalism hurt people

[@chud21]

Capitalism is when nft

[@DMCM1]

This is a very interesting subject

[@Andreslmaolol]

not going to lie John swan looks nice

[@HealingPotato]

Haven't clicked on a notification in a while!

[@adne4336]

This seems interesting

[@DaRealEarth1]

Can't believe it's gonna get deleted

[@teddyfurstman1997]

Witch sucks for internet preservation. Capitalism can't stop Climate Change.

[@poptart510]

Why are people disliking this video.The video is epic like john swan and dream

[@squatchen]

I fist saw the Charlie video on America's funniest videos.. What will happen when the reruns are aired?

[@TatyMaty]

when camera adjustment

[@WongGamSingLegacy]

really unfortunate to see it go a piece of history will be deleted. I guess money makes the world go round it's just business.

[@b3ns]

so we just forgetting.......

[@Blue_Maxine]

we're not forgetting. we're forgiving

[@aidangaeldaypuyart8119]

Its been a long time now...

[@shamelesscoffee]

it's been 4 months, he's a completely new person. Grow up.

[@b3ns]

@@shamelesscoffeeit takes four months for you forgive a person who lied about making a racist joke making some one else look bad and then admitting to lying? numbskull

[@PLAYSTATIONGUYGaming]

@@b3ns We ain't forgetting, never forget!

[@Erika-ti3yk]

I'm wondering if the family needs the money somehow? I mean, if they can make some money out of something they made and there's people out there crazy enough to spend that much money on it, good for them, I guess? It's not like the money is going to a massive corporation, but idk this is so strange

[@tol9090]

If I was the one owning the video, I'd sell it immediately. To me, it would just be selling a silly video recorded years ago, that I can keep for myself in storage anyway. And in return, gaining a life-changing amount of money for my entire family. I think that the NFT buyers are crazy, not the sellers.

[@Erika-ti3yk]

@@tol9090 yeah that's what I was thinking about. It can be someone's house, education for the kids or even health treatments. This sounds like a good deal to the owners of the video.

[@tol9090]

@@Erika-ti3yk exactly, agreed

[@hahayeah]

Spice up convo!

[@yunicommentary]

what background music is this? 1:18

[@thefantabulousjackson4353]

This has to be one of the worst ideas I've ever heard of lmaoo

[@KrishnanandKJ]

This is an epic video

[@jordwilliamwatson]

I'm so glad he's back, making regular videos again.

[@poozenoozethepoo9712]

Huh?!?! 2 videos in one week?!?! What is this another dimension or something?!?!?!?!?

[@klownary]

swan

[@Evil_Befall]

I forgot almost how john looked like

[@hamada3ido125]

so cancel the charlie bit my fingre guy when? he offends the yt historians.

[@teddyfurstman1997]

I agree.

[@GTNTAnimations]

Im getting johnny harris vibes from this video ...

[@JohnSwanYT]

I've been watching tons of Johnny Harris recently, this video is definitely inspired by it

[@willsr2112]

the family is just like "give me the fucking money"

[@redKhaBe]

I will download that video then in 10 years i will sell it

[@sailorstarchild]

I really wish you'd gone more into the environmental impact of NFTs.

[@labtec514]

It'd be worth doing it for all crypto shit

[@mawnki8037]

It's FUD to convince the populace to stay away from investing in ETH. The truth is that power consumption will be significantly reduced once ETH's hardfork is complete in July

[@RisingRevengeance]

I don't think NFTs has a future but something like it might

[@yesno7061]

How come most of your videos can’t be found on channel videos

[@NATONIOZ]

He got cancelled