Why NFTs are pretty dumb.
4,952,649
Published 2022-02-02
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All Comments (21)
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Hope this helps De-mystify the whole NFT Drama! To check out my video on the even-more-concerning AirTags, being used to follow people home, check here: https://youtu.be/VoH1DKidj8g
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Seriously, out of a hundred videos that I've seen about NFT's, your's was the most complete one, not only do you talk about how it works, but also how it can be a good thing and how it can be an awful thing, usually people focus on only one of those points, so thank you, now I finally understand NFT's
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It's 2024 and I can confirm, this video aged quite well
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Finally someone who is willing to teach us younger guys instead of pushing some course on us. Appreciate it
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buying an nft is like going to a grocery store and paying 100k for a receipt that says you own a cabbage
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i seriously support you for standing against NFTs. Thank you, good sir
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My daughter just told me about NFTs for the first time today. It was extremely hard for her to explain to me exactly what they are. And why they even are. So, I searched YouTube, where I learn everything. And what do you know? My favorite tech channel had this awesome video. Perfect explanation and non-biased review. Thanks so much.
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This video aged quite well .
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As an artist myself, I feel like NFTs have got to be the biggest scam in Art history.
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Thanks for this, not only did I learn more about NFTs, I’m glad that you’re not capitalising on this thread like other creators. Thanks for being transparent, ethical and an awesome human as always.
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7:53 NFTs are like going to a store and picking out what you want and paying then keeping the receipt and the store keeps what you had picked out
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This video aged well and, as he said (and what was obvious), the NFT bubble is bursting. Congrats on the insightful video, especially for younger kids who were born into the digital world and have a way different approach for those things than us 25+ people.
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Watching Crypto and NFTs crash is one of my favourite things. The level of disconnect from reality is staggering. I really have no sympathy for those who lose money buying intangible things. I do however pity them for their stupidity and greed.
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As a gamer, this just scared the crap out of me… the idea hit me before it was even said, what’s to stop game companies from taking this idea and selling access to areas of a game, then pretty soon micro transactions become mandatory. All in all it all seems like that mobile app that’s $1,000 that’s just there to show someone spent $1,000 on an app.
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kinda amazing how the NFT bots have managed to leave "somewhat" relevant comments under this video to shill their coins.. not to mention how these bots also upvote the comments left by other bots, making them the top comments and drowning out comments left by REAL people
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And here we are almost 2 years later with NFTs fallen from basically the face of the planet and anyone who posts about them either being a scam or being made fun of
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Paymoneywubby sold an nft of his literal crap in a toilet, told people not to buy it because nfts are a scam, then it sold for almost 30k right before the market crashed. One of my favorite nft stories
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me and my friends got to opensea and copy the most expensive NFTS and pretend like we bought them
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NFT’s perceived value is purely based on the “greater fool” principle, which is in the core of most financial bubbles. People pay a lot of money for something based on the belief that there will always be someone willing to pay more. It’s a self (un)sustaining process and it falls apart as soon as the hype goes away.
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I used to be a complete newbie , I knew nothing about all of this but was always very intrigued by it , that was years ago , today I consider myself a pro and my future is looking brighter every day
