118
All Those NFTs Are Officially Worthless
(kotaku.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 22 Sep 2023
118 points (100.0% liked)
Ghazi
659 readers
64 users here now
A community for progressive issues, social justice and LGBT+ causes in media, gaming, entertainment and tech.
Official replacement for Reddit's r/GamerGhazi
Content should be articles, video essays, podcasts about topics relevant to the forum. No memes, single images or tweets/toots/... please!
Community rules:
Be respectful and civil with each other. Don't be a jerk. There is a real human being on the other side of your screen. See also the Blahaj.Zone Community Rules
No bigotry of any kind allowed. Making racist, sexist, trans-/homo-/queerphobic, otherwise demeaning and hateful comments is not ok. Disabilities and mental illnesses are not to be used as insults and should not be part of your comment unless speaking of your own or absolutely relevant.
No gatekeeping and being rude to people who don't agree with you. Leave “gamer” stereotypes out of your comment (e.g. sexless, neck bearded, teenaged, basement-dwelling, etc). Don't compare people to animals, or otherwise deny their humanity. Even if you think someone is the worst human on the planet, do not wish death or harm upon them.
No "justice porn". Posts regarding legal action and similar is allowed, but celebrating someone being harmed is not.
Contrarianism for its own sake is unnecessary and not welcome.
No planning operations, no brigading, no doxxing or similar activities allowed.
Absolutely no defense of GamerGate and other right-wing harassment campaigns, no TERFs and transphobia, racism, dismissing of war crimes and praise of fascists. This includes “JAQing off”, intentionally asking leading questions while pretending to be a neutral party. This also applies to other forms of authoritarianism and authoritarian or criminal actions by liberal or leftist governments.
NSFW threads, such as ones discussing erotic art, pornography and sex work, must be tagged as such.
Moderators can take action even if none of the rules above are broken.
founded 1 year ago
MODERATORS
I'm not about the price of the image, I'm talking about the value of a non-fungible token to computer software. A non-fungible token itself can't have a price tag, it's essentially a number.
Same with cryptographic private keys. They are numbers. To a computer a private key and nft have no value, but to the software they have function.
The images are not the nft.
You are correct and if we as a society said "this land/material/resource has a value and legal ownership of that is determined by the nft" then yes.
But the actual object behind the nft in most cases is just a picture.
The deed of a parcel of land is essentially worthless except we all agree the person who owns the deed owns the land and the land has value. The issue with most nfts is even if we all agree the who owns the nft owns the art, and the art had no value... The nft has no value.