Biostar, asrock, why?

[WYP]

ASRock and Biostar are jumping on the NFT train, and we think they shouldn't.



Read more about BIOSTAR and ASROCK's NFT auctions.

 

[Dark NighT]

Im betting there will be more manufacturers doing this, a sad world we live in where companies start doing this kind of crap.

 

[ET3D]

Thanks for turning these announcements into an article on the problems with OpenSea. That was an interesting read.

I think that NFTs in general are cash grabs. Some people have way too much money and nothing to do with it, so others are milking them by offering meaningless "ownership" of meaningless stuff.

It's sad to see the state of the world.

 

[dazbobaby]

I think that NFTs in general are cash grabs. Some people have way too much money and nothing to do with it, so others are milking them by offering meaningless "ownership" of meaningless stuff.

It's sad to see the state of the world.

Can someone explain what NFT's are and how they work? I just don't get it.
How can someone release a PNG/JPG and sell it on the internet? You know the internet, where absolutely nothing is secure and can be copied. Why buy something that can be downloaded and copied? It's not yours, it's on the internet, it's everybody's!


That said, I have some DJ sets of house/disco that I'd like to sell for some bitcoin/etherium/dogecoin.

 

[WYP]

Thanks for turning these announcements into an article on the problems with OpenSea. That was an interesting read.

I think that NFTs in general are cash grabs. Some people have way too much money and nothing to do with it, so others are milking them by offering meaningless "ownership" of meaningless stuff.

It's sad to see the state of the world.

TBH, i saw both press releases and brushed them off as not worth reporting on. Then I saw a something retweeted on OpenSea, which I thought merited a quick Google. It's rare that a company admits that it has a platform that is full rampant abuse.

"Over 80% of the items created with this tool were plagiarized works, fake collections, and spam." (Source - OpenSea)

Then I rechecked where Biostar and ASRock hosted their NFTs and that became something worth taking about. Hence the article.

 

[Peace Ð]

I think that NFTs in general are cash grabs. Some people have way too much money and nothing to do with it, so others are milking them by offering meaningless "ownership" of meaningless stuff.

Correct me if I'm wrong, but aren't NFTs pretty much the same as stocks? You buy them on the market and their prize can increase or decrease, but maybe someone is willing to pay you an insane amount of money?

 

[Dawelio]

Correct me if I'm wrong, but aren't NFTs pretty much the same as stocks? You buy them on the market and their prize can increase or decrease, but maybe someone is willing to pay you an insane amount of money?

Not really, as I understand it. I watched Dave Ramsey's live show yesterday, where one of his show personalities shorty explained it all.

With stocks you actually own a small portion of that company. With NFTs, you could essentially take a picture of Tom himself, then sell it online, claiming you're the "owner" of that picture. When in reality, it's nothing of value basically.

When I actually kinda understood what it was, I was baffled. Is this where the world is going in all honesty?... The same principle with Bitcoin, it has no physical connection to anything. It's basically driven by people's lust for it to thrive and hence it does. If no one cared about it, it would die out.

 

[Dark NighT]

This video summed it up quite nicely

 

[NeverBackDown]

Not really, as I understand it. I watched Dave Ramsey's live show yesterday, where one of his show personalities shorty explained it all.

With stocks you actually own a small portion of that company. With NFTs, you could essentially take a picture of Tom himself, then sell it online, claiming you're the "owner" of that picture. When in reality, it's nothing of value basically.

When I actually kinda understood what it was, I was baffled. Is this where the world is going in all honesty?... The same principle with Bitcoin, it has no physical connection to anything. It's basically driven by people's lust for it to thrive and hence it does. If no one cared about it, it would die out.

If no one cared about anything it would fade away. That isn't a good argument?

NFTs are in the here and now because Facebook decided to start the whole virtual world metaverse crap and people are claiming things now. So when it becomes commonplace people already have their "stuff" or whatever you'd like to call it.

Bitcoin isn't the same thing. A one stop decentralized universal currency to replace all the current ones. That's a completely different scope compared to a useless virtual world.

 

[Dawelio]

If no one cared about anything it would fade away. That isn't a good argument?

NFTs are in the here and now because Facebook decided to start the whole virtual world metaverse crap and people are claiming things now. So when it becomes commonplace people already have their "stuff" or whatever you'd like to call it.

Bitcoin isn't the same thing. A one stop decentralized universal currency to replace all the current ones. That's a completely different scope compared to a useless virtual world.

I was just trying to explain what I understood from the video I saw where they shortly explained it all. To me personally, I couldn't care less about any of it.

Speaking of which, you took the time to comment on my post which was an attempt at trying to explain it all to the other user. Why not do the same, seeing as you seem to be clearly more knowledgeable about this than I am?...