Why Are Celebrities Obsessed With NFTs?

[@JaimeNyx15]

Celebrities should definitely be held accountable for the products they endorse. Losing a tiny measure of clout for promoting something in bad faith isn't enough; if they're endorsing things that are shoddy or pyramid schemes, they should be prosecuted. That'll make them think twice before putting their power behind something they don't believe in.

[@tomasinacovell4293]

It's about time some these Hollywood types go to prison! ):

[@TheDSasterX]

@@tomasinacovell4293 Yeah, get that civil suit shit outta here! We want criminal prosecution of the rich and famous! *grabs pitchfork*

[@YouMakeMyMotorRun]

It's also not a matter of believing in it or not... I doubt any celebrity "believes" in a pair of sneakers or a hoodie, they're just pieces of fabric. The problem here is that these celebrities are acting clueless while consciously involving people en-masse into what basically amounts to a scam Ergo: they're con-artists without the legal repercusions or actual challenge of being an actual con-artist

[@JaimeNyx15]

@@YouMakeMyMotorRun True. Belief in a product does matter. Though presumably Michael Jordan likes Air Jordans well enough, lol. Maybe attaching your name without caring about the product could be seen as a form of negligence.

[@theobsidiansimp8626]

How do you legislate that tho? Honest question

[@fluxophile]

"Fetch" isn't happening here. Over 80% of the alleged "market value" locked up in NFTs is held in < 40,000 wallets globally. The NFT marketplace is a wealth circlejerk for a comically small group of people.

[@cancerino666]

I mean, it has no inherent value, and has a real negative value do the energy waste. Ofc it is a circle jerk.

[@danr.5017]

and a slowly growing pool of upper middle class mooks.

[@necasperaterent29386]

I lost my job because of NFTs: When they first showed up last year, I stated in a meeting that I thought they were bullshit designed make a profit from superficial idiots. Apparently, my boss sunk half his savings into them and took that personally xD No harm done though, as I was about to quit anyway.

[@ツルのために]

Gotta be careful at work with crypto scepticism. Or tech skepticism generally, even though its obviously a scam.

[@anthonyvillanueva5226]

I hope your former boss learned not to get so greedy

[@Why_Blue]

Alot of these celebrities promoting nfts are under the same agencies. These agencies partner with crypto exchanges and now you have people like Paris Hilton who probably can't update her iPad by herself talking about crypto and block chains they are just the faces of larger companies

[@MaxIronsThird]

Paris Hilton you see is actually a character, she isn't super duper dumb.

[@mhouston2968]

@@MaxIronsThird i saw some article headline on that too..is that actually true or just a good publicist's doing?

[@AlexisBii]

@@mhouston2968 I think it’s true. She wouldn’t be nearly as popular if she didn’t have the dumb blonde persona

[@Why_Blue]

@@MaxIronsThird I didn't say she was dumb but she's obviously not the first person that comes to mind when you think of tech.

[@MaxIronsThird]

@@Why_Blue Oh, i'm not saying she knows tech, but she's savy enough to know about scams.

[@mathieuleader8601]

I find it interesting that Paris Hilton looked like Mr. Frog from Smiling Friends when on the Jimmy Fallon show

[@graceoliver7739]

Like if Kermit and Ms. Piggy had a human baby

[@CollectionCompletion]

Hello

[@bizarrejelly_hkh8090]

Heh…heh….Hello

[@RobbyRaccoon]

Jimmy Fallon is the textbook definition of a showbiz phony.

[@maxuabo]

Jimmy Fallon is an awful talk show host. His brand is, theoretically, designed to appeal to everyone by not offending anyone. Therefore realistically appealing to no one or brainless empty people.

[@RobbyRaccoon]

@@maxuabo Yup

[@TerrorTerros]

He got his job by having the most believable fake smile in the biz

[@LetoDK]

AKA American culture

[@maxuabo]

@@TerrorTerros what do u think entertainment Hollywood is. It’s all smiles all the time

[@brandonmiotke]

This video would have been so ironically funny if the sponsor ad would have gone like this: “But before we dive in, I want to talk about this weeks sponsor: Cryptoland”

[@nathaniellindner313]

[@ThisOldSkater]

"sell an idiot nothing and give them bad art as their receipt." Or something like that.

[@adrianrocha49]

Politicians should have to wear some kind of identifier so that everybody knows who is funding them as well.

[@undeadblizzard]

It almost as if this country was a by founded by Wealthy Landlords who created laws to maintain the economic status quo. 🤔

[@MachineCode0]

@@undeadblizzard hand in hand with corporations don't forget.

[@ZeRo-yc7zf]

I'm trying to remember who made that joke. They said politicians should wear racecar drivers suits so we know who's sponsoring them

[@joshiderniemalslacht8398]

@@ZeRo-yc7zf I think you mean Nico Semsrott.

[@paperheartzz]

Like advertising on a jersey? Won’t that just normalise it even more?

[@alandworsky8926]

FYI deed is a bad analogy. A deed records legal ownership. Am nft may or may not provide legal rights. You could also just be getting a “certificate of authenticity” which confers zero legal rights. Think of deeds to land on the moon or mars for example. Just one little clarification on that analogy!

[@kevinmccabe7263]

Good for Ben Mackenzie, takes a lot of character to come out against these new "assets"!! Also, he was great in Gotham!

[@Blucham]

It’s not just about letting people “have their fun” or enjoy being like celebrities at their own financial risk. It’s also about the environmental factor that no one seems to acknowledge. Committing NFTs to the blockchain means exponential energy usage forever after, and I ain’t hearing any celebrities answering to that massive concern.

[@KevRyanCG]

Sadly it's even worse than that as critics are all to aware of the enviornmental issues inherent to NFTs and Cryptocurrency that their advocates just ignore. They're sold the idea of finally getting their piece of the pie and elevating themselves above the rest. Which they'll attempt without stopping to think about the enviornmental impact, or the fact that they're most likely going to just make a rich person wealthier since they wont sell their stock before it's worthless.

[@liamnehren1054]

for ecological reasons the block chain should be illegal but where large amounts of money is involved dumb people become even more so and aggressive as well.

[@undeadblizzard]

That is why I chop bricks like martial art. Yesterday I was poor now swaggering in Diors. Smoking Platinum Cookies is the best.

[@MrEnriqueag]

Cause this is a lie, most NFTs operate in networks which power consumption is super low, and all that don't (ETH based are around 90% of those) will soon reduce their total energy consumption by around 95% this is not counting the L2 based ones which costs to transfer/create/manage those NFTs by around 1k orders of magnitude less. Please don't spread misinformation

[@zerolelouch22]

Meh. As the technology progresses costs will reduce. It’s already happening with third parties reducing gas prices

[@SpikeRosered]

NFTs are fine as long as you understand that it's a biggest loser game and you were invited into the market to be the biggest loser. You might be able to pass it on to an even BIGGER loser, but ultimately there has to be a loser, and that person might be you.

[@voxorox]

We tend to call those scams.

[@nathaniellindner313]

"Line Goes Up."

[@Jatt2613]

So, in other words, they're not fine.

[@elijahmcdowell9690]

And also the fact that it lives on the blockchain which is actively destroying our environment, but okay go off.

[@maribaka93]

For all I have learned about NFTs, it still looks like a Ponzi scheme

[@minalsingla6357]

More of a biggest fool scheme. Ponzi scheme is run by someone. NFT can dupe you even by people who wholeheartedly believe in it

[@blindey]

That's because it is.

[@LimeyLassen]

It's funny that people take "investment advice" from people who were born rich. Paris Hilton could wipe with $100s every day and still die a billionaire.

[@daianadavidson5293]

paris hilton was disinherited and become millionaire with work, so she knows something about money we don't....

[@shib5267]

@@daianadavidson5293 "work" lmao

[@ruffryder13]

@@daianadavidson5293 yeah, I'm sure she renounced all of the advantages inherent to her lifestyle, gave away all of her money, and started working at Denny's. Selfmade woman right there.

[@hirobeez]

"I don't know what is so bad about it. The rich get richer by conning the less rich and the poor out of their scraps. The world is still the same, we can just see a slightly uglier shade." - a pos, probably

[@BPaulthegreat]

Well, celebrity heading a pyramid scheme is kind of the best thing for them

[@tonyanthony5105]

Cult seems potentially more profitable, but more risk

[@ZeRo-yc7zf]

@@tonyanthony5105 but it's more fun to be manipulated on a spiritual level. At least have your higher ups in the pyramid schemes appeal to your already existing religious beliefs. That's bottom line

[@zoehltsen83]

As someone living on the opposite side of the world from America, I really don't understand how Kim Kardashian is famous. Is it because she frequently appears on mainstream media? Or because lots of people air their opinions about her, creating conversations about her, which leads to her seeming more popular than she really is?

[@kintrbr]

"the line goes up" 2+ hour video on this topic is also a good one

[@charleneong]

the "use value" comparison of Zendaya & Serena / Kim K & Paris is the most savage roast i have had the fortune to hear with mine own ears 💀💀

[@kangbarret]

The most painful thing Ive seen this year was the clip of paris hilton and jimmy fallon talking about NFTs in this video

[@baskawilki1975]

My two cents: I follow artists on other platforms. Artists who offer their services in the form of commissions. Some of the digital artists I follow have had NFTs made of their art, and have been told to stop displaying the art that they made because they aren't the owner or original seller of the NFT. NFTs have taken art theft to a new level that social media platforms are NOT prepared to deal with. When the person who created the character, the colors, the pose, the setting, and put all of that into an image - all of it pulled from their own mind! - gets told they can no longer display that image because they aren't the current owner or original seller of a fucking NFT.... That's fucking bullshit. Frankly, the rest of it doesn't matter. If I create something, something that should be my own intellectual property, and some asshat makes an NFT of it before I even think about the possibility of such, and I lose the rights to MY OWN intellectual property because of it - that's fucked up. To be completely honest, I'd rather see a discussion about this, than about supposedly "super famous" people I've never heard about before doing something else that makes them famous for being famous.

[@kasia2750]

How this suppose to work with current copyright laws? It's clear voliation of them to sell somebodies work as NFT without premission, but maybe they targeting small and medium creators who are not having funds for legal battle or are too overwhelmed by idea to taking the case to court.

[@Hayseus712]

The artists you follow should be informed that they can rest easy in this case - owning an NFT with an image associated with it does NOT confer legal ownership of the intellectual property on display. Those artists still own their work, regardless of what the delusional crypto crowd think/assert. Why do the crypto folks think otherwise? In most cases, they probably don't understand what it actually is that they bought. They didn't buy an image, but a text file of sorts consisting of some unique identifier (the "token"), and some metadata which usually includes a URL linking to an image somewhere. They do not own the image nor did they purchase it. They "own" that text file with its unique identifier, and that's all. Still very scummy (and possibly illegal?) to sell someone else's art in an NFT though, and it may be possible in some cases (depending on where the NFT's version of the image is hosted) to send a cease and desist to the hosting service/services and demand they remove it. If that were to happen, the person who bought the NFT would still own their little text file, but it would no longer link to/display the stolen image :)

[@minalsingla6357]

Just to clarify and add to the previous comment. Owning an NFT of a art does not entitle you any of the legal right the the copyright laws dictate. You have no right over the NFT image, it lies with the creator till he decided to transfer the actual to copyright, not the NFT, to someone else. So the owner of the NFT basically owns the right to say that the NFT of the said art is owned by them not the art itself.

[@baskawilki1975]

@@kasia2750 the artists I follow are almost exclusively small time creators that have other jobs. A few actually only do art, and an even smaller number are actually able to financially support themselves with just their art (the other category have partners that do other jobs). So yeah, it's just a matter of not having the funds to fight these things. I only bring it up because all that an art thief has to do is make a slight change to the image, and then sell the NFT of said "new image" and potentially make more money off that than the original artists did off the commission. Idk, it just seems easier for shitty people to take advantage of small time artists with NFTs 🤷

[@baskawilki1975]

@Ben B Artist that's missing the point. The original artist still also lost customers, which means real money. They still also temporarily lost their platform for advertising their wares while the issue of who stole from who got sorted out. The artists I follow are not big names, generally not even in their own niches. They can't afford the loss of traffic, let alone fighting something like this in a court. (Thank you for making the easiest comment to reply to while still also explaining my point, seriously the simplicity of your comment made it so much easier to put my thoughts in order)

[@PeterHamiltonz]

Tulips are where the real action's at.

[@kouvang522]

I was thinking about “Life of Brian” when the Nike and Serena Williams talk started. Specifically the scene when he was getting a following, lost his shoe, and the next morning they were holding the shoe like a trophy.

[@Gorbgorbenson]

I just wanted to comment about the mention of Cribs. My favorite segment they did was on Redman. He just had a ghetto ass house that made him feel real down to earth and chill. Even to the point his cousin was passed out in his basement. It turned me on to him and his music because of it.

[@Hotshot2k4]

8:24: "The product becomes associated with the qualities of the human celebrity". Well human celebrities have no real quality to them, so they're perfect to advertise similarly valueless products.

[@SHLVideos]

Sounds like a way for rich people to scam folks while also using "investments" as ways to avoid paying taxes.

[@undeadblizzard]

Yachts are human rights and Asian Girls.

[@thepayne7862]

NFT a scam that would do Ponzi proud.

[@MrEnriqueag]

You are confusing a technology with a use case. That's the equivalent of disliking spam and saying that SMTP is a scam...

[@minalsingla6357]

@@MrEnriqueag NFT as its in the form its being propagated in and well known for is akin to a scam(not actually a scam). When people use NFT they are referring to these AI generated images/"art" being sold off as NFT. I do believe there may be use cases for blockchain but digital art does not seem to fit the bill for now

[@MrEnriqueag]

@@minalsingla6357 This is the problem, NFTs also have tons of use cases beyond digital art and when they come around people will hate on them cause they will confuse them with NFT art.

[@minalsingla6357]

@@MrEnriqueag that is indeed true. This is true with every technology that is exploited in negative way. Look at Nuclear energy. It's one of the least polluting energy sources but not able to be more actively explored due to public perception

[@robertfreitag687]

NFTs are on par with papal indulgences for all-time scams. The whole point of art is display. If you think the point is exclusivity, ask yourself what is to prevent some rando from claiming that they own tons of NFTs. You'd have no way to prove that without accessing the file, defeating the entire purpose of the project.

[@YouMakeMyMotorRun]

The dodgy thing is that art has never had any intrinsec value as it has no "tangible" utility. Doesn't keep you warm, doesn't feed you and doesn't protect you from the rain (well, in most cases... You could probably build a huge tent using the Guernica...) This NFT market is just the last in the line of economically superior people using that void to move and clean tons of money with little to no effort, just like they always have

[@robertfreitag687]

@@YouMakeMyMotorRun At least with traditional art you could admire the manual skill of the artist in physical representation or taste in selecting an intriguing composition. You could say that art has always been basically an aristocratic pursuit, and that the cretins with genuine Rembrandts in their homes only bought them so they could pretend to have inherited them, drawing a false line of continuity between his genius and "theirs". But most of these NTFs are so incredibly generic. Like the NFT samplers that Fallon and Hilton showed to the audience were like 99% identical excepting color scheme. The most the transitive property of art snobbishness gives these people is the implication that they had enough disposable cash at the height of this iteration of the Pet Rock to throw a $1 million at it.

[@talideon]

Arguably worse: indulgences just harmed the wallet of the idiot who bought them. NFTs, OTOH, impose a cost on practically all of us, as well as potentially scamming _actual_ creators out of ownership of their work and creating artificial scarcity.

[@robertfreitag687]

@@talideon Yeah, I tend to forget that appropriation is an issue. You'd expect that to be especially common in the scummy NFT market, but it's pretty widespread generally. A lot of people cutting corners or just not understanding how IP works.

[@AJX-2]

He can claim he has all the NFTs he wants, it's only worth anything if he can actually sell them.

[@charleslee3676]

I still don't get why people get scammed on NFTS. But then I remember the original NFTS. Those certificates that say you own a star or spot on the moon.

[@Starcrash6984]

Eh.... not quite. A star or spot on the moon are investments, though poor ones. A star named after you is a tool for legacy, so that your name lives on after you die when someone is researching your star and (hopefully) discovers something important about it. Acreage on the moon includes mining rights, should some valuable commodity be discovered under the surface. These are bad investments, but they are an attempt at investing in something with "use value". NFTs are just speculative instruments, an item that you gamble on hoping that it will gain in value. It has two major problems, the one addressed in this video that you may lose money on it, and the one left unsaid in that you may gain money from it by selling it to someone else who will lose money on it. That's why they were called pyramid schemes, because more people are going to be left at the end of the chain with worthless assets to profit a relatively small number of people higher up the chain. That is not what a certificate for either of the products that you mentioned are.

[@kevinevano4497]

reminds me of that one Amazing World of Gumball episode....in which the main character's family lost all their savings due to buying a star as a potential investment during the early days of the internet. Lmao.

[@tonyanthony5105]

It’s just another form of branded merchandise, like collecting signatures or idk Kim K posters, except those are physical things that as long as they aren’t damaged might gain a small bit of value over time due to actual scarcity. NFTs seem like a great way to throw away money and support your favorite socialite or something, except the scarcity is manufactured

[@ttrev007]

NFTs are not jpegs. a NFT is a hyperlink on a blockchain and hopefully that hyperlink is connected to a jpeg. Only the hyperlink is protected by the blockchain the image is centralized and thus can be lost or changed. this flaw in the technology makes me question long term viability of NFTs.

[@normalguy7898]

Still a scam

[@MrEnriqueag]

The image can be decentralized (even if the domain isn't) and it can also be encoded on chain (less common IE: cryptopunks) Also the image is usually referenced via a hash and can be authenticated using it (QMhash is the default for decentralized ones) which means that even if it completely disappears from the internet, you can still have it, prove ownership etc. But still, you are describing only art NFTs which is just a very limited use case

[@TheDarthbinky]

NFTs don't entitle you to anything either. If I own an NFT for a jpeg of an ugly cartoon monkey, and someone else copies and uses that jpeg, I have no legal recourse to stop them from doing so. It's basically like I made up a marriage certificate saying I'm married to Scarlett Johansson. It holds no value in any meaningful way... but I'd have it. And the whole NFT "community" revolves around essentially tricking other people into thinking that it does have value.

[@elchicovip01]

Kim and Paris didn't come from nothing. Their family already had recognition and money.

[@730ways]

Seriously. Imagine thinking Paris HILTON didn't come from money.

[@alejandraayala8815]

I like to think he meant there was no build up, they just appeared one day and they have been there ever since

[@Jatt2613]

Yes, and that's the point. He's saying there's nothing about them themselves that makes them famous. They're not actors who got famous because they were good at acting and in a bunch of movies; they're not athletes or musicians or innovative business people who did something that people noticed. They're just spoiled rich kids who used their money to get attention so they could then get more money. He's not saying they were just average Joes who pulled themselves up by their bootstraps or something.

[@IndustrialQueue]

I think the tie between Paris and Kim’s manufactured celebrity coming from the fact they already had a lot of money ties hand in hand with crypto. It’s a tool of the wealthy to use manufactured mindshare to make those wealthy more money.

[@PoorMuttski]

I feel kind of weird calling these women useless. They are entertainers. They are essentially cultural flywheels. They grab attention, when they then sell to companies who invest in them (lending them glamorous products to promote, admitting them to exclusive parties and events, hiring them for endorsements) which increases their sales. Success begets the expectation of future success, which begets more and bigger investments, which invariably leads to more success… like a spinning flywheel. They are essentially billboards with fake tits. Looking at the number of KZbinrs, Instagram influencers, and Twitch streamers who have quit from burnout, or cracked up from ego bloat, it’s clear that not everyone can do that work. Not to say this is a good thing! Not everyone can be the leader of a murderous Colombian narco-gang. These are impressive people, but no less vile. Respect what it is, not what it does.

[@gunbladeuser19]

When you buy an NFT you aren't buying the "art" you're buying the "block chain code address" that's Linked to the "art." Which is even worse. A jpeg or PNG you can save to your hard drive. A "block chain code" YOU don't have any way to touch/backup. So if that block chain code or even that whole block chain system you spend money on gets deleted from the server, It's GONE. Completely GONE. The same is for crypto cuz they are basically the same, using a block chain system. Just another giant scam. And this isn't even "new tech". Chain systems and ledger logs have been around for a long time. Stocks are a legal Contract to be a value portion of a company. This crap on the other hand only has "value" cuz people throw money in a bucket with no Contract agreement and no company/service of that "value" is linked with.

[@MrEnriqueag]

This is the epitome of reading something in Twitter not understanding it and evolving it further into something further from reality... None of your statements are correct, try to learn how it works first

[@3sgtecelica]

Exactly. This is also why I don't own anything at all. If the entire planet blows up, everything is just gone.

[@minalsingla6357]

@@3sgtecelica so a server going poof and the earth going poof have similar probabilities in your opinion? Since you put this as an analogy, that's what it implies.

[@3sgtecelica]

@@minalsingla6357 was more mocking the simplicity of their "poof it's gone" argument as it can literally be applied to any scenario. So it's a pretty weak argument. To address your comment: in either scenario, IPFS overcomes this.

[@GallowglassAxe]

Normally I would be fine with this if it wasn't for the environmental factor. The amount of energy needed to keep track of these NFT's and Crypto is really a waste and bad for the environment. Not only that but its a Jpeg with is super easy to copy and duplicate so if I really want that image I can just take a screen shot of it. Yes Its not like an NFT but I can use it in all ways you can actually use an NFT and in a way more.

[@daddypowder2926]

I'm excited for the future of NFT's through the GameStop NFT Marketplace through their partnership with Immutable X and Loopring. They're trading on Ethereum L2, which means they are carbon net zero and use proof-of-stake, rather than proof-of-work (mining). Eventually, these stupid JPEG's will be a thing of the past and the real utility of NFT's will be realized (ie. putting money back into our pockets rather than being vacuumed up by the rich).

[@GallowglassAxe]

@@daddypowder2926 If its truly carbon net zero then I don't mind people doing it. Still not my cup of tea.

[@Jatt2613]

@@daddypowder2926 Carbon net zero is another BS scam. You're still using all the energy it takes to mine the crypto and power the transactions, you're just doing something like planting trees that will supposedly offset what's used. But even if they were doing things that 100% covered all the energy used (spoiler: They're not), things like planting trees don't just instantly pull greenhouse gasses out of the air. It's over the lifetime of the tree. So in the meantime, we still have all the greenhouse gasses there raising our temperature. And that's not even mentioning that no one (including you in your comment) can give one concrete example of how NFTs will actually do anything different than what can be done today. All you did was spew buzzwords and make empty promises of somehow giving money to the people, with no explanation in the slightest of how that might happen. You're either part of the scam or being scammed yourself.

[@MachineCode0]

@@daddypowder2926 please explain

[@daddypowder2926]

​@@GallowglassAxe Yes Ethereum L2 is carbon net zero. The whole JPEG thing gives NFT's a bad name, but doesn't represent its potential.

[@alexschott2092]

"Buy crypto, suckers!" _Bill Cipher's financial advice for the 2020's_

[@jeffreycarman2185]

NFTs are just Tulip Mania all over again.

[@achillesmichael5705]

Thanks to the editor for making the ads have lower volume

[@shadowrylander]

One thing NFTs might be useful for are domain names, for example; buy once, use forever. The backend technology itself has major use cases, but it isn't being used very well. Basically, the frontend has to _really be unique._ Domains names are unique, but you can technically just save or screenshot an NFT image.

[@AemilianaRosewood]

If this is a Wisecrack NFT announcement Im gonna cry xD

[@alejandrovivas8567]

It most be my 40 year old bitterness kicking in but I couldn't relate in any way to anything that was said in this video about how could I feel about NFTs and why people get "influenced" by celebrities to buy them

[@weirdalexander8193]

I think that it’s very suspicious that the CCA is having their talent promote NFTs while the company executives also buy shares in the specific jpegs they’re having the celebrities promote.

[@gio-ve7vn]

Sounds a lot like insider trading in that case…

[@mekman4]

Great Stuff, Bless you!

[@lintaobohan]

"PUREST DESPAIR!" says Kierkegaard if he still alive.

[@everyrose3225]

Paris Hilton on NFTs? I don’t buy it, of course is payed, she’s so boomer that I imagine someone helping her for everything in… internet

[@froggytime3203]

This is entirely off topic but I would KILL to see you do a philosophy review on “Black Lagoon.”

[@DavonAllen92]

The Idea of an NFT has been around for longer than this system. Most people might not remember serial codes for pc software or games. That's all an NFT is, a unique serial code that you pegged to something else in such a way that you can actually prove it. It's not the art or the shoe or the can of Pepsi. Its an alphanumeric serial number that says this is the proof that I am allowed to have this thing/ this thing is unequivocally mine. Proof of ownership is the best way to describe it. The problem with all of what we have now is that people tried really hard to make it into something that its not. A Randomized Picture isn't an NFT. However if a well known established artist or even a random artist alley, artist wanted to find a way to digitally signature their art that is what an NFT is for.

[@Kimm134Saya]

But you don't actually own the art or the shoe or the can.

[@DavonAllen92]

right you could say the same thing about photoshop CS5 or when you wanted to install a pc copy of any game before steam was big. you had to have the serial to install it. it was the proof of ownership that you had to have.

[@DavonAllen92]

@@Kimm134Saya the one way i see nfts as a good thing is if you used it to allow people who bought a copy of a game or an album to be able to resell that game or album to someone else like a second hand market. yes you could easily just pirate the mp3 or crack the game but, thats not the point since we already do that anyway. By the way i'm not saying sell the NFT i'm saying buy the game and get an NFT with it for you to resell it.

[@AJX-2]

@@Kimm134Saya Right now NFTs are in their early stages. It is not hard to imagine NFTs being used to transfer copyright, or stocks, or any other non-physical assets. The technology has a lot of promise, its just in the weird wild-west scam stage right now.

[@Hakudoshi_Yuki]

I see NFT's as a way for the famous to turn the high-class art world on it's head. Random celebrity doodles on Microsoft paint, then hypes it up to be worth millions, then sells it to donate proceeds for a tax write-off or just pockets the money.

[@UnreasonableOpinions]

Celebrity-endorsed (or worse, celebrity-made) NFTs are a perfect nexus point of the failings of late capitalism. NFTs are a solely speculative financial item, useless for any reason but the line going up and only purchased on the theory that the line will go up. They exist as vapour and hype. Celebrity culture is a vehicle of hype, whose sole asset is its ability to generate hype without the need for anything but initial hype. You have a product that should fail in the face of anythign but unrealistic trust, paired with individuals whose status as a mgnet of parasocial relationships is an engine for hype. There's minimal risk for those behind the scams, because they pay celebrities in the NFTs and have spend only minting costs, and there's minimal risk for celebrities, since they are their own source of hype for the 'investment'. Everyone else loses, of course, but given how resilient celebrity has been in the face of blatant scams, there's no short-term prospect of this stupid nexus of scams failing.

[@allencrown]

Look, fetch happened a long time ago, when the movie was first released to the public. As to what fetch means a jury is still deliberating on that.

[@stroblaizer]

I watch ONE God Is Not Dead video and now every commercial I get is for PureFlix lololollolol

[@brunoyudi9555]

I hope everyone who invested in this lose all their money with the current wave of price crashes

[@marlomitchell2761]

What i have learned from this video, take personal responsibility by not spending your rent on NFTs.

[@theFLCLguy]

Cheese wiz and easy cheese is two different things. Cheese wiz comes in jars and easy cheese comes in a pressurized can. Cheese wiz is more of a liquid close to pudding and easy cheese is thicker than pudding. I'll never understand why everyone mixes these up.

[@Jatt2613]

Cheese wiz definitely comes in the pressurized can too.

[@seanmaddex4104]

I like the discussion of use value. I have never understood the hype about NFTs why would I trust the financial security of owning a link rather than the image rights

[@fluxophile]

As if most people would even be able to successfully monetize their newly purchased NFT IP. Tons of Bored Ape and Cryptopunk holders talk nonstop about how they have all these usage rights, but if your asset is almost identical to 10 others and you don't have the startup capital or platform to create a new vessel to monetize the IP through, what's the point of all that? Just more hype to try to sell you worthless junk. The vast majority of average people will never benefit from owning IP of any sort.

[@Claytown]

Pls tell me where did he get that shirt!

[@allonmyownherewego9893]

spoopverse and his sandbox partnership is not a scam though...that game is looking quite dope NGL

[@nerlzo]

It is so ironic that I get nft ads on this video haha

[@__-tz6xx]

I would buy the Sartre shades.

[@thefourshowflip]

Remember when Roger from American Dad was taking about a fictitious stock market trading in the careers of celebrities…I think we now have that here

[@MaxIronsThird]

I never understood this celebrity thing, they're regular people that just work hard or got lucky, maybe developed a talent, was born rich or is good looking. They're as dumb as the average people and definitely don't know what's best for anyone. That's why even if a i like what a certain artist produces, i always separate the art from the artist, i'm not a "fan" of anyone.

[@birgitteandersen5886]

For anyone that wants an even more in-depth explanation on nfts and why it's bad, take a look at Folding Ideas video on it.

[@stueymon]

The argument that if something makes you feel joy it can't be all bad doesn't work for me. Heroin makes you feel joy and is only slightly less likely to ruin your life. Plus it makes a great painkiller

[@Shawouin]

NFT's are Beanie babies of 2020's.

[@DevilsDeal]

And then the ad on this was trying to sell me on an NFT advisor. 😆 LOL

[@TheCreepypro]

we shouldn't buy anything because any celebrities endorse them we should buy anything because we need them and that is it

[@nishidohellhillsruler6731]

Does anyone remembers that Dilbert's episode about the blue duck?

[@jazzyfizzle0]

Glanced at the screen at 16:40 and thought you slapped a wig on

[@ElleKelsheimer]

Dear wisecrack - Please do an video about the entitled, aggressive mediocre man character that Tim Heidecker does, seen in the cooking mini-series and especially in his comedy special "An Evening with Tim Heidecker"

[@skate318]

Do you think the shot callers even realize how they're losing their grip on telling us what to buy (mostly anyway)??.....

[@alsatusmd1A13]

🤣 so much at how Paris Hilton’s NFT art just looks better than the “bored” apes I could spit out whatever I were drinking.

[@e.lycopersicon9720]

The little rhetorical tag question there at the end was almost as problematic as the celebrity nft scam. I know you want to drive up engagement, but don't even jokingly suggest that there is a grey area associated with undermining individual lives and national economies.

[@kevinmccabe7263]

Ultimately we can't keep people from spending their money on stupid things, but I do think celebrities should be held financially accountable when they endorse things that cause loss (such as NFTs that end up being Pyramid Schemes or Pump and Dumps).

[@fluxophile]

All zero-sum capital games necessarily cause loss. For ever big winner with NFTs, there will be many more smaller losers. Yes, even the "noble" NFT projects. They all have end results that resemble pyramid schemes.

[@J.Doza46]

I spent $2000 to learn this in college. This stuff is gold

[@raduflp]

A video making the case against NFTs KZbin: let's run 4 ads about buying NFTs and crypto

[@pauldrummond755]

Anyone that buys into NFT's should not be allowed to vote. If you're that easily influenced you have no morals.

[@daddypowder2926]

Or they can do their due diligence and understand the power of NFT technology beyond moronic JPEGs.

[@AJX-2]

Or they understand the risks and have the right to do what they want with their own money.

[@chadjones1266]

The only celeb endorsement I ever cared about was Shaq selling Buick. If he fits; I fit.

[@theklr]

_Can NFT's be used as a marinade for roasting celebrities?_ Asking for a friend.

[@venicec3310]

Eventually someone is gonna be left holding the bag

[@therisingtithes]

This probably doesn't really matter to many people, and it's not fallacious by any means, but in the interest of accuracy: Maclyn wasn't "Fatty' Arbuckle; he was Roscoe Arbuckle's cousin.

[@nitrohite]

It's like iJustine promoting NFTs, trying to justify her involvement and trying to sell them like she's an Herbalife reseller.

[@kenbee1957]

Lol Wait, she did???

[@nitrohite]

@@kenbee1957 yup, should've seen her getting DEFFENSIVE on Twitter when people started to call her out, it was actually embarrassing 😂

[@kenbee1957]

@@nitrohite I'm embarrassed just thinking about it But I can not really think of anytime that more closely envokes Paris Hilton in the KZbin sphere than iJustine. I really shouldn't have been so surprised

[@greyarea6688]

The unbearable cringe of NFTs.

[@paultheaudaciousbradford6772]

I liked your presentation.

[@MasterShishas]

Love wisecrack i think you should made some pins, i would love to see what you can offer

[@Casshio]

This is not about wether letting people enjoy something or not. Endorsing something that is harmful in various ways should lead to consequences. How is that a questions worth asking?

[@mightyone3737]

"Fortune favours the brave..." Or as I prefer, "Nature can and does punish the ever-loving shit out of stupid, to the point of extinction."

[@clockworkcthulhu8195]

I think another damning thing the legality of ownership through nft has not been proven yet so until it's proven by lore there is a possibility nfts being proof for you owning a receipt. and with some of the early ones where the image the nft was made out of was stolen and for pieces where you do not know the original will never be any more than proof of you owning a receive.

[@martopad]

Great video

[@therrydicule]

I fear that NFT and Cryptocurrency would become the new Credit Default Swap.

[@brendanressler4359]

Behaving like lord Byron is fine as long as the heart be still as loving and the moon be still as bright

[@kurtramos9190]

Great video, groovy shirt

[@stevenpictures1]

how do I get my hands on some sartre glasses?

[@StrawB0ss]

You must make a video about Severance. You must. You must.

[@flrn84791]

I'm surprised you didn't talk about all the scams that NFT are surrounded by. Or the environmental factor.

[@thisDogDayAfternoon]

When I hear people talking about Crypto and NFT’s, a little sick comes up in my mouth.

[@raychelllawless3808]

When you're trying to be deep watching wisecrack and they play a clip of you with the use-valueless celebrity being referenced.... LED Robot life lol

[@b1g_m00n]

first of all: fuck NFTs second of all: first of all

[@ClaytonLivsey]

How would this video be different if Paris Hilton was endorsing a stock, which also has dubious claims to use value?

[@gabrielcormier2096]

Jokes on them! I can't afford NFTs or Crypto! Or gas.... I can barely afford food... I made myself sad

[@AsteoEz]

NFTs not only hurts our environment but really screwed you over financially