NFTs (Non-fungible token)
- Thread starter Electric_Andy
- Start date
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irw
Quadricyclist
- Location
- Liverpool, UK
I made it to eight minutes before I got totally fed up and bored...
Seevio
Guru
- Location
- South Glos
irw
Quadricyclist
- Location
- Liverpool, UK
Not at all. Wasn’t intended as a dig at the quality of your link, apologies if it came across that way- It was simply a way of expressing my thoughts on the subject and how I don’t really ‘get it’.
PaulSB
Squire
- Location
- Chorley, Lancashire
I think I now know a bit more than I did before. Mainly this seems to confirm there are some very stupid people in the world.
Same applies to cryptocurrency I imagine. That appears to be an opportunity to buy something which doesn't exist and can't be used in real life.
It's no wonder scammers exist.
newts
Veteran
- Location
- Isca Dumnoniorum
This is a good series, takes you into the murky world of nft's.
The Missing Crypto Queen.
https://www.bbc.co.uk/sounds/brand/p07nkd84
The Missing Crypto Queen.
https://www.bbc.co.uk/sounds/brand/p07nkd84
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Ming the Merciless
There is no mercy
- Location
- Inside my skull
This is unique, yours for £512,934
- Location
- Somewhere wet & hilly in NW England.
As it's unique I'll take 2...
Ming the Merciless
There is no mercy
- Location
- Inside my skull
Just transfer £1,785,413 into my Bitcoin account
3d22cd77ef696749c92a2819790206f363fe075f9be87848553d60317680eeae8de52e65e5377f4e
- Location
- Somewhere wet & hilly in NW England.
Tempting.
But first, could you confirm that the image has not been rotated or flipped and is orientated exactly as the artist intended?
matticus
Guru
That's rather pretty - do you mind if I share it?
Ming the Merciless
There is no mercy
- Location
- Inside my skull
I am the artist and it is as I drew it with my finger
But your monitor, ambient light and colour profile will most likely make it look a slightly different colour than on the artist's monitor
Jenkins
Legendary Member
- Location
- Felixstowe
I'll swap you for some magic beans.
ColinJ
Puzzle game procrastinator!
- Location
- Todmorden - Yorks/Lancs border
The thing is... 
If you think about it, there have always been schemes like this. Maybe not involving complex computer calculations, but the sale of essentially useless items for vast sums of money.
For example, the art world has always been a bit crazy. A Van Gogh painting is deemed to be worth tens of millions of pounds. The very same painting suddenly becomes virtually worthless if it is discovered to be a brilliant forgery.
The financial value of something is purely what someone would be willing to pay for it.
I like watching Aussie Gold Hunters but it always strikes me as being a bit crazy that somone can make a huge amount of money by digging up a chunk of metal that they can hold in one hand. 5 kg of gold today would go for around a quarter of a million pounds!
NFTs may seem obviously stupid but they are not really a lot more stupid than other very stupid things that people DON'T realise are stupid!
If you think about it, there have always been schemes like this. Maybe not involving complex computer calculations, but the sale of essentially useless items for vast sums of money.
For example, the art world has always been a bit crazy. A Van Gogh painting is deemed to be worth tens of millions of pounds. The very same painting suddenly becomes virtually worthless if it is discovered to be a brilliant forgery.
The financial value of something is purely what someone would be willing to pay for it.
I like watching Aussie Gold Hunters but it always strikes me as being a bit crazy that somone can make a huge amount of money by digging up a chunk of metal that they can hold in one hand. 5 kg of gold today would go for around a quarter of a million pounds!
NFTs may seem obviously stupid but they are not really a lot more stupid than other very stupid things that people DON'T realise are stupid!
