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Old 02-15-2013, 11:41 AM  
ChiefRocka ChiefRocka is offline
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Bitcoin Take?
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Old 01-18-2022, 05:15 PM   #3631
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Some NFTs are certainly overpriced from all the hype, but they're here to stay. They will revolutionize the concept of ownership. Eventually everybody will even tokenize themselves for digital identity. I'm seeing the same skepticism I saw towards the internet in the early 90's or bitcoin in 2013. Just natural human reactions to new mind-blowing concepts.
Everyone I knew at the time got the internet right off the bat. You'd have to be really dense to not see the potential of the internet.

Many of the BTC skeptics said it can't work as a currency and an "investment" at the same time, and they were right.

I still don't see how owning an NFT is any different from owning an acre on the moon, which I paid $20 for back in the 90s and got a nice certificate. You don't own the rights to the image. You own nothing except bragging rights at the moment. Now maybe in the future you will be able to link to your avatar in the metaverse. But we have the equivalent of that now in MMORPGs. That market is pretty well understood and at least for now doesn't require an NFT to function.
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Old 01-18-2022, 05:18 PM   #3632
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Originally Posted by Michelangelo View Post
Some NFTs are certainly overpriced from all the hype, but they're here to stay. They will revolutionize the concept of ownership. Eventually everybody will even tokenize themselves for digital identity. I'm seeing the same skepticism I saw towards the internet in the early 90's or bitcoin in 2013. Just natural human reactions to new mind-blowing concepts.
IMO, it would be a mistake to believe that similar skepticism for those things will mean they will have similar outcomes.
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Old 01-18-2022, 11:19 PM   #3633
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I love how on the South Park Post-Covid TV Movie, they show the characters in the future and Butters was in a mental institution and obsessed with NFT’s…
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Old 01-19-2022, 01:57 AM   #3634
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I love how on the South Park Post-Covid TV Movie, they show the characters in the future and Butters was in a mental institution and obsessed with NFT’s…
Not on Comedy Central anymore
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Old 01-19-2022, 05:56 AM   #3635
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Everyone I knew at the time got the internet right off the bat. You'd have to be really dense to not see the potential of the internet.

Many of the BTC skeptics said it can't work as a currency and an "investment" at the same time, and they were right.

I still don't see how owning an NFT is any different from owning an acre on the moon, which I paid $20 for back in the 90s and got a nice certificate. You don't own the rights to the image. You own nothing except bragging rights at the moment. Now maybe in the future you will be able to link to your avatar in the metaverse. But we have the equivalent of that now in MMORPGs. That market is pretty well understood and at least for now doesn't require an NFT to function.
Try to imagine a distant future Internet/Metaverse where property can only be flaunted publicly if provably owned by you.

Now try to imagine next year when you enter Arrowhead that you must scan a QR code on your phone that represents your unique ownership of your digital ticket as an NFT on a blockchain.
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Old 01-19-2022, 06:06 AM   #3636
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Old 01-19-2022, 11:01 AM   #3637
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Originally Posted by ChiefRocka View Post
Try to imagine a distant future Internet/Metaverse where property can only be flaunted publicly if provably owned by you.

Now try to imagine next year when you enter Arrowhead that you must scan a QR code on your phone that represents your unique ownership of your digital ticket as an NFT on a blockchain.
You can scan your QR code now. How does blockchain make this process any more efficient?
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Old 01-19-2022, 11:02 AM   #3638
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I will admit that whatever is going on here is entirely beyond my powers of comprehension.
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Old 01-19-2022, 08:16 PM   #3639
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Originally Posted by suzzer99 View Post
Everyone I knew at the time got the internet right off the bat. You'd have to be really dense to not see the potential of the internet.

Many of the BTC skeptics said it can't work as a currency and an "investment" at the same time, and they were right.

I still don't see how owning an NFT is any different from owning an acre on the moon, which I paid $20 for back in the 90s and got a nice certificate. You don't own the rights to the image. You own nothing except bragging rights at the moment. Now maybe in the future you will be able to link to your avatar in the metaverse. But we have the equivalent of that now in MMORPGs. That market is pretty well understood and at least for now doesn't require an NFT to function.
The birth of the internet is an interesting topic. I'm trying to recall my first interactions and what I thought. I remember seeing the first television commercial that showed a website, and it was my first sign that the Internet was mainstreaming.

I worked at a small company back in the mid-90s. One of my coworkers spoke at a staff meeting about the Internet, and it didn't wow anybody. I remember that his main discussion topic was that you could look stuff up, and if a word was underlined you could click on it and go to a different document about that word. There was nothing interactive at that point, so it didn't seem like a big deal.
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Old 01-19-2022, 09:20 PM   #3640
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Old 01-19-2022, 09:22 PM   #3641
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It is great watching my Coinbase account lose value every day. I wish this fake money would start making some Real money.

unless you are a johnny come lately, it HAS made a lot of money
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Old 01-20-2022, 01:42 AM   #3642
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The birth of the internet is an interesting topic. I'm trying to recall my first interactions and what I thought. I remember seeing the first television commercial that showed a website, and it was my first sign that the Internet was mainstreaming.

I worked at a small company back in the mid-90s. One of my coworkers spoke at a staff meeting about the Internet, and it didn't wow anybody. I remember that his main discussion topic was that you could look stuff up, and if a word was underlined you could click on it and go to a different document about that word. There was nothing interactive at that point, so it didn't seem like a big deal.
My friend came over one night with his mac when the internet was just usenet. We spent all night screwing around on various boards, arguing with people. I saw the value of it even then.

Then later another friend got AOL in the early early WWW days, but we all had email by now. We a) looked at a lot of porn and b) settled a bet about whether an elephant really killed a zoo keeper with an explosive bowel movement. The internet (in some pre-snopes thing) confirmed this was a hoax. I was like holy shit the internet can settle all bets instantly, and even prove a negative. Immediately saw how amazing it was.
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Old 01-20-2022, 01:44 AM   #3643
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It is great watching my Coinbase account lose value every day. I wish this fake money would start making some Real money.
You gotta get some monkey jpegs bro.
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Old 01-20-2022, 06:33 AM   #3644
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You can scan your QR code now. How does blockchain make this process any more efficient?
Only you will have access to that QR you purchased using the smart contract protocol on that blockchain. No middle man, no fees, no scalping
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Old 01-20-2022, 11:30 AM   #3645
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Only you will have access to that QR you purchased using the smart contract protocol on that blockchain. No middle man, no fees, no scalping
So why are NFTs sold through marketplaces like opensea which take a big uncapped cut now? When does this conversion to no-middlemen take place?

It's hard for me to imagine there won't be some way to still scalp.
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