NFT

a scam created by none other than junior the egomaniac (junior Grimes) internet mastermind and aspiring super villain.Taking the internet by storm and for good reason since old J knows how gullible and susceptible people are to stupidity and it’s fees, it’s no surprise that traffic on the twittersphere consists of “oMG I WANT AN “NFT” too how about yoU??????!”



NFT

by Skybots10 on Oct 01, 2021 05:03:09

Non-fungible token

Worthless, glorified PNGs that only serve to consume a fuck-ton of electricity and to trick dipshit Crypto-nerds into buying them thinking they have value, only for the prize to completely drop in a couple of years like every crypto-scam
Example:
"Hey, look at my NFTs, they costed quite a lot"

"Just click save on the images, dumbass"


NFT

by RandomAsianMan on Jan 05, 2022 08:44:52

Literal definition: Non fungible token.

Actual definition that you came here for: A glorified JPEG image that shouldn’t have any worth, but for some reason sells for millions. Recently the bored ape yacht club nft collection have been very popular. NFTs are horrible as they are brainwashing our generation of celebrities as they buy them to flex their money most of the time.

NFT owners get butthurt when you screenshot their NFT and pretend to have it as a joke.
Example:
Normal guy: lol I just screenshot yes your nft now I own it

NFT owner: OMG you are unbelievable. Blockchain prevents the fact that anyone can steal it and it clearly says that I own it!! My lawyer will hear from this very soon and you will kiss your life goodbye as you will be on the street. Get ready for your life to be ruined!


NFT

by FartMan96 on Jan 10, 2022 05:09:55

The "token" part of an NFT is simply a digital receipt on part of a blockchain that has an ID and a URL it leads to. Since it relies on the URL of a different site, it is not truly decentralized. This makes the blockchain have no purpose, and do nothing except have a far worse carbon footprint.

Ownership of an NFT does not mean you have the intellectual rights of the image, and that you simply have a token associated with an image. Someone can create a token of an image that isn't theirs, and can create a nearly identical token. This makes the image associated with the token not give it value. The only way to distinguish between these are therefore IDs and creators associated with them.

Saying 2 NFTs associated with the same URL have different monetary values is like saying that 2 1 dollar bills have different monetary values due to their different serial numbers.

To summarize: an NFT is a number and a URL that is non-fungible the same way 2 bank notes with different serial numbers are non-fungible, which have a monetary value only based on a randomly generated number (which is completely ignored by everyone), is bad for the environment, and doesn't lead to any intellectual rights. There is no value to an NFT.
Example:
NFT's have no monetary value


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