/biz/ - Business & Finance

not the only use of NFTs, just the only use that has no future

>>30401872
this. the only use good use case i've seen so far is NFY using NFTs to trade your staked tokens without unstaking

>>30401771
yeah, why would anyone ever buy artwork from a gallery? Just look at it on wikipedia.

>>30402028
>Why would anyone buy a physical object when I can just look at it online?

You faggots I swear...

>>30402074
>physical object
that’s the same shit boomers say about bitcoin and gold

I have spent all but 10 minutes looking into NFT and it seems legit to me. Apparently BTC and the block chain is the first digital tech available which makes it impossible to pirate. Basically a digital signature which cannot be counterfeited.

Now apparently NFT solves the issue that artists have had with digitized media which is the ability to pirate. You create your NFT art and sell it, because its on the blockchain it cannot be pirated and ownership is easy to prove.

I think it has a future but I am retarded so who knows.

>>30401771
>>right click
>>download image
>I have just pulled off the heist of the century
How about a jewish version of 4chan where you can only avatarfag with a NFT you own.

>>30401771
Ironically NFT is the future lol and I hate to admit this the market is just getting started and it would smart to invest in it now.

>>30401933
Diplomas for universities and certifications, especially internationally. No national clearinghouses and pajeet fakers and sealed documents and trusting opaque "authorities" after paying $$$. Instead people can just view via public oracle that you have your degree, cert, whatever, as it has been tokenized as an NFT.

>>30401771
You don't get it. NFTs are going to be HUGE for money laundering. It's genius. You want to transfer a large sum of money from a dirty wallet to a clean one? Draw a picture of sonichu and sell it for 500 ETH. Now the tax man knows how you earned that money, it's because you sold art that "somebody" valued at 500 ETH. You have the receipt.

>>30401771
Damn that just sold for 0.75 eth

https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/55805380288640218327275408177356337469232257593302121269609448692969226895361

>>30402074
> Buy a copy from the Mona Lisa on Alibaba for 5$

I can’t believe the Mona Lisa is worth so much money :SSS

>>30402239
But Bitcoin is fungible and can be turned to cash.

>>30401771
Who the fuck cares? Can I make money off of it? If yes, then I don't give a shit what use it has.

>>30402074
Physical objects, like prints?

This is similar to asking why people pay for onlyfans when they could just go on pornhub and fap to random videos. People buy NFTs in this context because they want to be associated with and/or support whomever minted it. Those who underestimate this tendency will lose out.

>>30403315
NFTs can be turned to crypto.
Look at it as another way for rich jews to write off taxes as art donation or some shit.

>>30403571
You can just pirate the entire onlyfans site for free.
You gain the exact same content but for FREE.
Retards who buy NFTs are the dumbest motherfuckers on this board.

>>30402547
You can do those with a signature and a phone call. NFT not needed kek

>>30403571


someone gets it.

>>30402293
>You create your NFT art and sell it
you dont have to buy it:
>right click
>view image
>safe to computer
if not possible, use the snipping tool and just crop it out for free.

Retards who buy NFTs are the same people paying for porn

>>30403680
If you do it that way you cannot associate with and/or support whomever created the content.

>>30403767
Yes. I'm a commission artist myself. Some people totally fail to see that this is a social activity. People want to get close to people they look up to. Some want to gain clout by associating with strong artists' brands. This is basic human behavior. Edgy euphoric idiots will screech until they grow up and understand

>>30403767
Not the person you tagged tho lol fucking moron

>>30401771
>Go to the Louvres museum
>Take a pic of the Joconde
I have just pulled the heist of the millenium

>>30403699
>talking to people

>>30401771
HURR DURR I JUST TOOK A PICTURE OF THE MONA LISA I'M RICH. I JUST HAD SOMEOME MAKE A DIRECT PHYSICAL REPLICA OF THE MONA LISA, I'M RICH GUYS.

>>30401771
The inability of 4channers to understand the value of art nfts is hilarious to me. You are all truly retarded. Most the value of physical art derives from being able to demonstrate its origin and originality. This largely has not been possible for digital art, but with nfts it now is.

>>30403020
> Impossible to do with pen and paper.
> The taxman accepts blatant laundering

See ya in 20-30 with good behavior

Oh wow I haven’t seen this exact thread five this week already

>>30404746
Why not?

>>30402074
This is your brain on porn

>>30401771
Talking exactly like a nocoiner

>>30404738
You are a fucking moron

>>30405864
Why?

>>30404738
A significant portion of /biz/ is legitimately autistic so they can't understand NFTs in relation to media.

CryptoJaks will be worth more than CryptoPunks, screencap this.

>>30402406
Don't give the chinamen ideas

>>30402028
Holy shit, do people really not see the difference between a physical painting and a digital version ? How fried is your brain ?

>>30401771
I'm going to make millions with my collectable Pepe cards.

>>30402028
>why would I right-click save an NFT to look at on my screen, when I can just buy the NFT to look at it on my screen?
This is you. This is how fucking dumb you sound.

>>30406257
>Holy shit, do people really not see the difference between a physical money and a digital money ? How fried is your brain ?

>>30406465
Comparing money to art, you have no soul

>>30401771
Everything is a scam you fool.

>>30404867
Yes because a centuries old work of art that took months or years of arduous work to make is equal to a low quality png of a soijack.

>>30402293
This is my original reply, anon.
I'm suing you now.

>>30406465
Money, be it physical or digital, is a tool that is intrinsically worthless and only serves a purpose in a market

Paintings are form, matter, physical pigments, organic strokes, relief, play with light/reflections.
When they're digitized they become pixels.

If you really can't tell the difference you're either not human or have been brainwashed so hard by money that it's the center of your world

>>30406742
>opens snipping tool to make screenshot
kek unable to pirate

>>30401771
crypto is a scam, change protocol, fork coin
2x money tokens...right?

>>30406984
>>30406576

>>30402028
Why would I buy a digital comic book when I already torrented the exact same file?

>>30401933
Urbit

>>30403912
How does he keep his feet so clean?

>>30406734
yes

>>30401771
I still don’t understand the point of NFTs either desu, the whole thing seems like one big money laundering scheme

They're brainwashed zoomers on loop.
Their brains are like a sim character.
You know those characters you walk by? and they do the same movement, say the same thing everytime.
Those are zoomers.
They will eventually become severely mentally ill in their late twenties.
They will deny any illness, so it will get worse and worse, until they have no idea who they are.
No one ever told them that this would happen.
They won't know what is real, who is doing the lying, and what their purpose is.
We will laugh at them and there will be nothing they can do.
They won't be able to fight from all the processed food deteriorating their organs and cells.
They won't be able to sabotage out of fear of retaliation.
They will go back to where they started, and repeat scam...scam....scammmmmmmmmmmm

>>30408155
Sounds pretty useful to me

>>30403912
It's just money laundry as far as I can tell. You get something from porn, this shit on the other hand just allows you to swing huge ammounts of cash without getting taxed.

Nft for music will be the future. Instantly verifies you own what you own.

>>30408522
>implies working drm for music is actually working
turns recording app on - sure - music cant be pirated

>>30402406
>right click
>save as is greyed out (Read more)
"this image is protected by Chrome NFT and set to view only"
>press print screen
>image is black when pasting it thanks to Microsoft NFT DRM
Doesn't even render in any open source browser

>>30408818
>>open image in vm
>>press print screen on host
>>get fucked over

>>30408818
>>open image on pc
>>make picture with smartphone
>>get fucked over

>>30409045
If you’re not already on Linux you’re NGMI

>>30408818
yea, that's not gonna work.
>>30409045
or reverse engineer whatever shitty DRM "Chrome NFT" is and bypass it without requiring a VM. the music/movie industries tried all this shit in the 90s, they're still trying it today, it's never going to work. you can't use software to prevent other software from parsing "protected" data without other software being able to figure out how to do the same thing the DRM shit is doing, at least not in an unrestricted environment like a PC. maybe on some limited access device like a kiosk, but it only takes one person to break into the thing to reverse engineer it for everybody.

>>30409108
Browser refuses to show NFT images when running in vm. Knows this by communicating with management engine on Intel cpu or Amd equivalent

>>30409212
Denuvo was supposed to be unbreakable too, how'd that work out?

>>30409291
load LKM that tricks management engine into thinking it's not running a VM, same thing you can do to trick virt-what

>>30409212
if you can display it to the human eye or make a sound the human ear can recognize you can always duplicate it. drm is bullshit technology for dumb retards. if they really believe in this shit they deserve the rugpull.

>>30409427
kek. if we could, we would. a house too.

>>30409291
read again dumbfuck:
>>open image on pc
>>make picture with smartphone
>>make picture with smartphone
>>make picture with smartphone
>>make picture with smartphone
>>get fucked over

>>30403680
> 2021
> Retards who buy NFTs are the dumbest motherfuckers on this board
> 2011
> Retards who buy magic internet coins are the dumbest motherfuckers on this board

Look here faggot, can you Rightclick on a nft gaming item?
Check out this fucking market activity on the Enjin Platform
Your literally missing out on free money and early adoption. Btfo
https://enjinx.io/eth/marketplace-activity

MetaWhale protocol has a pretty good use for NFTs. The holders of their first token got them from a snapshot and it gives them a cut of transactions over time.
They are releasing one for MetaWhale Gold once it reaches 100 pax gold in reverses, its at 96 now. Not sure how exactly it will work but it will have a use

>>30408155
best way to understand it is that it's a very very reliable and accurate receipt chain.

The original artist is the first receipt in the chain and the more added to the chain the more valuable the NFT becomes.

With a fungible token trade it is not distinct and not added to.

"Receipt chains"/NFTs solve the myth of sisyphus. One must imagine the buyer happy. One must imagine a runner high. One must understand the value of quantity of life beyond quality of life.
________________________________________________

[due diligence tangent (optional reading)]:

If you wanted an asset for it's experiential quality one would buy gemstones or precious metals, being that the value is purely derived from it's definition and cannot be influenced by who held it prior or what it represents. A well defined cut on a gemstone or pure gold is probably what you're after if you're investing in an experience.

by looking at pic related you are not experiencing a pipe but the work has value because someone has to own a work and it has been sold a bunch of times making it particularly valuable despite not letting you see a real pipe.

>>30406121
It's disappointing that /biz/ reacts just like /v/ would, though. Aren't we here to make money?

>>30409665
>2011 - couple $ for meme coins
>2021 - jpegs already at million $s
Idiot

>>30410013
someone made money off you. nobody in their sane mind would buy this shit after 2011.

>>30410195
Tell that to my clients.

>>30404738
As a commission artist, where do you find clients except having weight to your name already? All the reddits are so full I never get clients.

>>30410290
You can tell them yourself.

I thought the idea was to buy distribution rights to the artwork?
Like stock photos. You buy it and put it on your website or whatever to attract viewers

>>30410708
Why would I?

>>30410792
kek. based scam artist

>>30401771
expensive paintings and nft is the same thing happening with gold and bitcoin

it's all kinda bullshit but fuck it

>>30406257
do you not see the difference between gold and bitcoin? how fried is you brain?

>>30403805
Take photo of screen

>>30410792
pls respond >>30410536

>>30401933
>>30407129
COVAL

I want to sell NFTs on Opensea but the inital gas cost is $131 right now, and that's kind of gay.

>>30411833
yeah same and you can just tell nobody gonna buy it

>>30409424
yeah but there is some drm thats pretty damn close to the hardware, like in the hdmi standard

>>30408818
>download blockchain
>extract it from blockchain
Plot twist:
>the NFT is just a link
>the content is deleted

>>30411923
Speak for yourself. I'm gonna be rich from selling Collectable Pepe cards >>30406277

>>30412007
here is my rare peepo what do you think frens

It's great for gaming and tokenization of everything.

>>30412066
Very nice. Here, turn it into an official Collectable Pepe.

Apparently Billionaire faggots like Chamath and Mark Cuban are hard on collecting digital shit nobody will buy.

>>30412221
once i trace it on my pc once my wacom pen arrives

When will my cryptojak be worth 10k

>>30404949
>creating an international decentralized electronic system of bookkeeping based on cryptography to avoid a phone call
actually based

>>30406742
See you in Kleros court...

>>30410536
Right. I can only speak from the perspective of a 2D artist: posting in appropriate draw threads on 4chan to start out might be appropriate. If you have enough skill/appeal/charisma (if one is lacking the others must be higher) people will ask for your socials and commission prices. Sorry if you were looking for something more profound

>>30411050
Yes, based. Faggot do you think I give a shit as long as I profit and my customer gets what he wants? I'm doing business and chances are my client is too.

>>30413770
based, thank you bro. back to drawing bobo memes and christian waifus

>>30402028
Have another (You) retard

When is someone making a coin that either mints more or burn some of it depending on how many dubs, trips and other repeating digits happen on /biz/ or at least on a certain thread?

>>30413770
>lose private key
>degree lost. must enroll again for a new degree

>>30403912
Now you can do both >>30410312

>>30403699
Except if stuff like that is on a blockchain, verification of hundreds of people can be done instantly. It's actually a good usecase.

>Wow I can't believe the monalisa is worth millions of dollars when i can just take a picture with my phone and make a print
>Anyone buying art is retarded

this is you right now

damn bro I am holding few tokens and some btc we will soon be in bull run.

I am gonna make some bags for $MCM check it out

How the fuck do you sell NFTs? I uploaded some actually quite nice original drawings to rarible and there's been no interest in them. Do I have to hawk them around on Twitter or something?

>>30414381
Be an already famous artist

>>30411416

>>30414397
so just like irl art, nft's are a scam nice

NFTs are not blockchain agnostic right? We can’t transfer NFTs between layer 1’s?

So we’re betting in buying an NFT that Ethereum will be a network with value in 10 years?

>>30414187
thank you anon

>>30414397

But what about all that wanky 8-bit crap art that has been selling? That's no-one famous. Maybe I need to start shilling wealthy Saudis on Twitter or something.

>>30406257
It's not about physical vs digital. It's about ownership. NFTs won't replace paintings (except maybe facilitating some kind of certificate of authenticity) so the value of a digital vs physical painting shouldn't even be part of this discussion. The issue at hand is owning a digital asset as a copy, vs owning the original digital asset.

>>30413770
My lil finger paint bizness fin'na do a lil sum'in

>>30402293
its not about pirating
its about proving its the original copy
it has its use, but art, music and shit is not the case, especially video and music - they are copies of movies that are sold and are original, yet you can pirate that copy and sell it or redistribute it "illegally"
creating just one movie/song that only 1 person can view it at a time is dumb, maybe an art piece on the wall is ok - and you can prove its yours original, to flex on poors, but thats about it when it comes to visual art
documents and diplomas, as well as other shit like unique game assets for cash is more viable and consumer grade

What do you say about Mochimo Yellowish guy?

>algorithmically generated
How? What software does this require I want to try it out

>>30403699
Imagine a world where we need to make phone call for every single API call. Phonecall is like 100x more expensive.

https://opensea.io/assets/0x60f80121c31a0d46b5279700f9df786054aa5ee5/91586


NFTs guys loook NFT!!! actual NFT here guys lookkk

>>30401771
check out veve app. the NFTs on that are licensed by DC comics, Cartoon Network, NFL...etc. You can zoom into them, cast the in AR and take pictures with them. Ive seen websites that will let you battle any NFT you have and people can wager against it. I see them creating future VR playgrounds where you can chill with your NFTs, maybe fuck them. who knows man but a first edition Batman NFT with only 600 exisitng in the world sounds pretty valuable and I dont even like comic books.

>>30415265
to follow up on this, are you guys fucking dumb? LOL

>>30411998
arweave solves this, apparently. i think rarible will use it in the future.

>>30415315
oh and BTC will be 5k EOY
ADA to the MOOOOOOOOOON

Anyone remember this guy?
He's actually fucking right and I can't wait for the nft hype to die down.
PS: A german dude that released 2 albums in the past that reached gold status (100k sold units) without big label, marketing etc just released 100 Jingles as nfts. He has like a million followers on IG and shit, it's fucking ogre.

https://www.youtube.com/watch?v=phd0NSlxu1U

>>30402239
bitcoin is fungible, portable, borderless, trustless, 24/7, and immutable

>>30415246
https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/69151513926717803441545068925774977295540629390310859199097950983351571578881

Buy Pepes instead.

I get the NFT idea. But why would you need any of the tokens?

Also, imagine all the stuff you buy are linked to your ID on the block chain. You couldn't steal anything anymore.

>>30414213
DECO solves this

>>30401771
saved

I can see digital media where licensing come into play so ownership but people are paying millions for tweets and shit. Wtf

What is the intrinsic value of a bitcoin? How much should bitcoin actually be worth, taking into account all of its merits and drawbacks and paying no mind to hype or fear-mongering? You may answer zero, but you must explain yourself.

>>30416903
Crap, meant to make a post, not a reply, well, just answer here I guess, and maybe same question for NFTs.

>>30416903
>how much should bitcoin actually be worth

Absolutely nothing.

>>30416903
It's $0.00, unironically. It has zero intrinsic value - it's fairy dust. It doesn't exist. It only has a value because people arbitrarily assign it one.

>>30417156
Do you think the same thing about money?

>>30417232
I think the main difference is that governments back fiat currency and governments don't like crypto (unless they're the ones controlling it).

>>30417156
reading comprehension of a toddler

>>30417363
How does this justify your claim that bitcoin (and presumably all other crypto) is worthless?

>>30417978
I mostly agree with this anon >>30417182
>It only has a value because people arbitrarily assign it one.

That doesn't mean it's worthless, by the way. I just think it has no intrinsic value. That doesn't mean I think it can't be useful or that the tech doesn't have legitimate use-cases.

>>30417978
Oh, and sorry for not just explaining in my initial reply. I was just being a cheeky cunt.

>>30416973
Oh, and this dog pic made me smile, so thanks!

>>30417182
>It has zero intrinsic value
yes
> It only has a value because people arbitrarily assign it one.
yes
>It's $0.00, unironically.
absolutely not are you braindead?

>>30418636
I'm arbitrarily assigning it a $0.00 value so fuck you.

>>30418685
you're aware the value of gold has almost nothing to do with it's use for electronics, dentistry and art/jewelry right?

>>30414988
https://thiswojakdoesnotexist.com/

Literally just saved someone else’s work and sold it to newfags.

>>30418914
What does the value of gold have to do with the value of Bitcoin?

>>30418914
Honestly hoarding lithium ion seems like a more logical thing to do than hoarding gold. Gold has little value other minerals can’t replace.

>>30419165
btc is the digital equivalent of gold, it's pretty obvious at this point

>>30419278
TIL that BTC can be used for "electronics, dentistry and art/jewelry".

Lol.

>>30419165
Bitcoin is a substitute good for Gold.

I failed economics because my conservative boomer teacher kept telling me to justify why Keynesianism is great and how the wealth would trickle down as the housing crisis was happening (I still don’t know how to fucking justify bailing out banks) and I know this.

>>30419358
What electronics really need gold? Lithium is a far far far far far far more valuable resource unless someone can come up with a more efficient battery.

>>30419358
you can't read anon, I feel sorry for you.
THE USAGE OF GOLD HAS ALMOST NOTHING TO DO WITH IT'S VALUE

>>30419610
This. Also people can just use other semi-conductors. The only real benefit to gold in electronics is that it allows for a smaller form factor.

How can i make money from the nft craze

>>30419610
You're the retard who keeps bringing gold into the equation and then spergs out about it.

>>30402547
This and I imagine property deeds and physical contracts, things of that nature. That being said anyone that buys a fucking picture is retarded.

>>30401771
>try getting vitalik to say its an original
>get a job
>thats like saying i have a picture of the mona lisa so art is unprofitable 4eva

>>30401771
That's like getting a pirated copy of Call of Duty and claiming you own the intellectual property.