memes

a Mitch Hedberg variant

How do you know a crypto scheme is a scam?
You already know, the answer is "yes". It's always "yes".
The only question is, can you hold the tiger's tail just long enough to make a mint and still let go in time that you aren't the last one holding it.

You know, I feel bad for the people who were conned by the Super Bowl commercials. Celebs added legitimacy to the con. Everyone else who actually got into it because of whatever other reason, I don't give a fuck about. And SBF? Fuck that guy. I'm glad he's in prison. (I know he was selling a crypto-currency, not NFTs. Don't correct me.)

Oh, and the late night guy and the celeb blond lady who had an awkward conversation about it (was it the hotel sex tape lady?) can also fuck right off. Someone paid them to shill and they went for it. Assholes.

But, all that being said, I'll sell you a jpeg for $1000. Or two for $1999.

Edit: Paris Hilton, don't @ me. Edit: missing "the"

When they were first blowing up, I thought sure, I'll turn a couple old unreleased tracks of mine into NFTs. I signed up to some site I forget the name of, uploaded the tracks, and then then found out I had to pay something like $500 a track to turn them into NFTs. It was a pretty duh moment for me. Of course the content doesn't mean shit, it's just the money. I never paid them a dime and deleted my stuff.

I remember seeing the monkeys and thinking, "heck I can draw that maybe I can make NFTs to sell to people who are sucked in by this."

You've heard of landlords, but have you heard of NFT-Land landlords? 🤭

Is it over? I stopped watching.

I remember reading a proposal how music artists could somehow use nfts as digital record keeping so when digital tickets are resold they could get a percentage of the sale each time it was resold. Making more money for artists and disinsentivising resale but you know ticket places would never let it happen. I'm sure you could do it without nfts but it seemed like a really great idea.

NFTs are just beanie babies for millenials and gen z

I actually would say it’s harder to say now.

It was easy at first because it was obvious.

But NFTs are still a thing… so even though it’s still a scam, it now makes you question humanity.

There use to always be a crowd of TSLA stock owners (fewer now) defending Tesla in posts criticising Musk and Tesla, and similarly lots of people who are clearly cryptocurrency owners coming out of the woodworks to defend cryptocurrencies in posts critical of them.

Under this post we seem to be getting a lot of NFT owners doing the same: "selling their book" as they say in Finance.

People will say any old bollocks and dissemble like pros to keep up interest in the "investment" assets they own until they find a greater fool to dump them on.

Makes me think of the difference in the discourse around Bitcoin back in the early days vs latter stages: NFTs were created from the very go as way of separating fools from their money so the talk around them has always been swindlers' talk - or if you want to describe it in a positive light, "the grifters grift" - but Bitcoin did not start as a vehicle for money making, and I remember back in the beginnings of Bitcoin how the talk was very different - mainly naive idealism - and how it changed over time as greedy types became a greater and greater part of those who had bought Bitcoin.

It's remains sad that the name NFT is tainted by scams. In business, we start using NFTs more in various other contexts than "art". NFT technology, without the scam marketplace, has many use cases that we only now start to see benefits from. It's a very good way to digitize assets and use them in business processes.