Current Events > i still dont understand what nft means

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accord
12/29/21 6:19:35 PM
#1:


i prefer ntr
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Irony
12/29/21 6:20:35 PM
#2:


People that like NTR are fucked up

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Time
12/30/21 6:12:47 PM
#3:


Non fungible token

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#4
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Solid Sonic
12/30/21 6:17:38 PM
#5:


Think of it like this: if I give you a dollar and you give me back a dollar nothing really occurred. Exchanging money for money is just equal value, each dollar is as good as another.

Now if I gave you a dollar and you gave me a photo that you told me is worth a dollar then actual exchange took place. You have a dollar and I have something that is purported to be worth that dollar but isn't a dollar.

An NFT is a digital version of this. Exchanging crypto for something that was created using the blockchain but isn't cryptocurrency. The validity is up in the air (there are a shitton of ways to scam people using NFTs) but that's what's going on. You gave money to someone for something that isn't money in return with the assurance that, thanks to the blockchain ledger providing proof of authenticity, it is the real deal.

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Spidey5
12/30/21 6:19:57 PM
#6:


Solid Sonic posted...
Think of it like this: if I give you a dollar and you give me back a dollar nothing really occurred. Exchanging money for money is just equal value, each dollar is as good as another.

Now if I gave you a dollar and you gave me a photo that you told me is worth a dollar then actual exchange took place.

An NFT is a digital version of this. Exchanging crypto for something that was created using the blockchain but isn't cryptocurrency. The validity is up in the air (there are a shitton of ways to scam people using NFTs) but that's what's going on. You gave money to someone for something that isn't money in return with the assurance that, thanks to the blockchain ledger providing proof of authenticity, it is the real deal.
So can I turn a bunch of waifu images into NFTs and make thousands of dollars off of waifu pics?

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Solid Sonic
12/30/21 6:23:51 PM
#7:


Spidey5 posted...
So can I turn a bunch of waifu images into NFTs and make thousands of dollars off of waifu pics?

Essentially. Defrauding people with illegitimate NFTs seems to be a serious issue (theoretically whomever creates an NFT in their wallet can claim its legitimacy but how you actually verify it beyond the wallet's ownership is beyond me) but that's the process.

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Flauros
12/30/21 6:26:02 PM
#8:


Unironic rare pepes

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EmbraceOfDeath
12/30/21 6:35:23 PM
#9:


It's a non-fudgeable token, so you can't fudge a copy to make it appear real.

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YookaLaylee
12/30/21 6:37:25 PM
#10:


Nobody does

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accord
12/30/21 6:42:28 PM
#11:


Solid Sonic posted...
Think of it like this: if I give you a dollar and you give me back a dollar nothing really occurred. Exchanging money for money is just equal value, each dollar is as good as another.

Now if I gave you a dollar and you gave me a photo that you told me is worth a dollar then actual exchange took place. You have a dollar and I have something that is purported to be worth that dollar but isn't a dollar.

An NFT is a digital version of this. Exchanging crypto for something that was created using the blockchain but isn't cryptocurrency. The validity is up in the air (there are a shitton of ways to scam people using NFTs) but that's what's going on. You gave money to someone for something that isn't money in return with the assurance that, thanks to the blockchain ledger providing proof of authenticity, it is the real deal.
So i can draw something, decide the price for it then sell it?
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Solid Sonic
12/30/21 6:44:43 PM
#12:


Art is one of the primary uses for NFTs. Once you have it you can copy it as much as you want but you will always have the original version.

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roos1046 Reborn
12/30/21 6:46:59 PM
#13:


Nice Fat Tits

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Quorthon109
12/30/21 6:47:13 PM
#14:


no funge allowed

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DarthAragorn
12/30/21 6:50:52 PM
#15:


Solid Sonic posted...
Art is one of the primary uses for NFTs. Once you have it you can copy it as much as you want but you will always have the original version.
so, shit that was always possible but now there's a shittier version with way more environmental damage?

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Solid Sonic
12/30/21 6:56:39 PM
#16:


DarthAragorn posted...
so, shit that was always possible but now there's a shittier version with way more environmental damage?

I want to have a long and arduous argument about this but only if you're willing to.

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nfearurspecimn
12/30/21 6:59:29 PM
#17:


It's like imaginary currency in a videogame that you pay for, except you can't use it for any real purpose other than to sell it or claim that you have it, which means fuck all.

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Master_Bass
12/30/21 7:01:04 PM
#18:


roos1046 Reborn posted...
Nice Fat Tits
That would be way better than the NFTs crypto bro losers keep trying to force. Time to reclaim NFT.

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IShall_Run_Amok
12/30/21 7:02:46 PM
#19:


no fucking talkingwhendaddyisonthephone

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Vicious_Dios
12/30/21 7:06:36 PM
#20:


No.
Fucking.
Text.

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S / K / Y / N / E
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#21
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PMarth2002
12/30/21 7:16:04 PM
#22:


its a scam.

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Malcrasternus
12/30/21 7:44:36 PM
#23:


Non Flushable Turd

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Tyranthraxus
12/30/21 7:46:12 PM
#24:


https://youtu.be/cuf6b5kkfSg

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Guide
01/02/22 5:39:59 AM
#25:


It's a chance to make some quick cash.

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Slayer_22
01/02/22 5:40:52 AM
#26:


Irony posted...
People that like NTR are fucked up

Disagree. It's great if you imagine yourself as the NTRerer.

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