FTX exchange collapses sending "seismic" shockwaves throughout the crypto industry

NightAntilli

Posts: 927   +1,186
How could we possibly forget you, no matter what happens?

I should add that it would seem you're, (unfortunately ??), rapidly losing your audience.
Seems like it. Doesn't matter. Nature of the bear market. They will be back. Even most dissidents will change their minds eventually.
 

Puiu

Posts: 5,881   +4,888
TechSpot Elite
I hope you know you're using the exact same arguments people were using against e-mail when it just came out. All those arguments that normal mail works just fine and e-mail is useless... Look where we are now.. "But this time is different!!!!" Uhuh...

And, it IS useful...
Because it can't be faked, which still happens in many countries around the world.
Because you don't have to scan it or copy it or attach it. You can just link to it.
The most important one: Because you don't have to rely on any entity to verify its validity for you, or pay a notary to verify how real it is for international use. Its presence on the blockchain is enough.

That is the most important one, because it shows what NFTs will do in the long term: Make notaries obsolete.
Once again you have very strong opinions without having thought them through. That's normal nowadays I guess...



When CBDCs roll around you will suddenly peep very differently, and you will remember me.
"it can't be faked". that's where you are wrong. completely wrong. what can't easily be faked is the blockchain record. the diploma can be faked. I'm also pretty sure I can send my diploma to an employer digitally too :)

Until the blockchain can act as a database/storage, NFTs are useless. It's just a glorified link that sends you to a run of the mill server that can and will be manipulated.

FYI nobody said that email is stupid because of "mail". In the end you are here, being made fun of by everybody for buying into these scams. How much money have you lost so far? :D
 
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NightAntilli

Posts: 927   +1,186
"it can't be faked". that's where you are wrong. completely wrong. what can't easily be faked is the blockchain record.
Uh... NFTs are records on the blockchain... So if your diploma is an NFT, it is on the blockchain and can't be faked. Any NFT that is not on the blockchain is immediately fake if they are used for that specific purpose.
Not that you will admit that. You are too emotionally invested in arguing against NFTs. I wonder if Klaus Schwab pays you.

Until the blockchain can act as a database/storage, NFTs are useless. It's just a glorified link that sends you to a run of the mill server that can and will be manipulated.
The link between the blockchain and storage can be made to be immutable. Multiple projects already do that. Storj, Arweave and more.

FYI nobody said that email is stupid because of "mail". In the end you are here, being made fun of by everybody for buying into these scams. How much money have you lost so far? :D
I'm still in profit.

I would only care if people made fun of me if I was insecure about my views. Time will show the truth. Also, somehow pretending that being on the side of the ones attempting to make fun of others is a good thing, is quite pathetic. You're on the side of the ones making fun of Wright Brothers and Joseph Lister.
 

BSim500

Posts: 922   +2,185
Uh... NFTs are records on the blockchain... So if your diploma is an NFT, it is on the blockchain and can't be faked.
Good God you can't be that gullible surely?... What part of "x can be counterfeited / faked BEFORE it's placed on the blockchain" are you persistently mentally struggling with? Back in the real world, NFT's are nothing more than a "claim" which may or may not be any more true or valid than any other legal contract or even a scribble on a piece of paper. Being on the blockchain just means the piece of digital paper the "claim" is written on isn't counterfeit, not that what's being claimed is valid / truthful or genuine in any way or even that a competing NFT claiming someone else is the owner can't also be generated and stuck on another bit-identical copy of the same digital content (being "first" to be NFT'd doesn't guarantee truth either)...

Perfect real world example : An NFT was recently sold of the "original" Disaster Girl meme photo for $500,000. Q. Why is that 'worth' $500k vs "free" for the 100m other people who've viewed it? A. The fallacious and delusional belief that the NFT somehow "guarantees it's the original photo". Except it doesn't. Where's the proof the photo was the original and not just another copy? Does the family even have the original 16 year old digital camera + SD card, and do they work? Given the age of the photo and the nature of flash storage vs cell charge loss, it's guaranteed what was really NFT'd was "a copy of a copy" of the photo taken from a backup drive rather than the original 2005 camera's SD card, with a "there you go, there's the 'original', look an NFT said so" advert slapped onto it.

"An NFT proves it's the original". No, it really doesn't. In fact not only does the NFT fail miserably at proving that, it fails at even proving that the original file even exists anywhere on the planet and that the person who handed over $500k didn't just get sold another very ordinary copy like the 100m other people who viewed the meme over the past 16 years. The family could have downloaded it at random from Google Images, cleaned the metadata off then stuck an NFT on it afterwards, and you wouldn't have known any different thus rendering the whole claim and point of the "originality" NFT claim completely and utterly worthless.

People like you seem to struggle with the basics - Real-world verification is a *process* not simply an object that can be replaced by a token. Eg, all sorts of checks take place when exchanging property, checks on purchasing party for bankruptcy, money laundering, check on selling party for whether property has a legal charge / mortgage over it, all of which involve centralised databases for a reason. "Everything needs to be decentralised even when it makes zero sense" is 9 times out of 10, nothing more than Alex Jones style "Doom Boner / Armageddon Porn" conspiracy theories and NFT's are the perfect modern "Poster Child" in 'solution looking for a problem' that exist primarily to sell a novelty to some very gullible rich people cheered on by clueless conspiracy cultists.

And this is NFT BS in a nutshell - it's the overhyped irrational worship of a tokenised 'receipt' that's no more reliable, accurate, truthful or genuine at verifying the object it claims to certify than any "Certificate of Authenticity" on any ordinary piece of paper but is dressed up to be glamorous because "muh blockchain" thing is still going through it's dot-com-bubble style novelty phase. And the bursting of that ridiculous fraud-saturated bubble can't come soon enough...
 
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Puiu

Posts: 5,881   +4,888
TechSpot Elite
Uh... NFTs are records on the blockchain... So if your diploma is an NFT, it is on the blockchain and can't be faked. Any NFT that is not on the blockchain is immediately fake if they are used for that specific purpose.
Not that you will admit that. You are too emotionally invested in arguing against NFTs. I wonder if Klaus Schwab pays you.


The link between the blockchain and storage can be made to be immutable. Multiple projects already do that. Storj, Arweave and more.


I'm still in profit.

I would only care if people made fun of me if I was insecure about my views. Time will show the truth. Also, somehow pretending that being on the side of the ones attempting to make fun of others is a good thing, is quite pathetic. You're on the side of the ones making fun of Wright Brothers and Joseph Lister.
In short you lost a ton of money because you didn't sell at the peak and now you are hoping that by spreading NFT BS everywhere the prices will go up again. Next thing you'll tell us is to buy the dip.

"The link between the blockchain and storage can be made to be immutable. Multiple projects already do that. Storj, Arweave and more." - you are confused a lot about what these do. distributed p2p encrypted storage has existed for a very looooooooooong time, adding crypto to the mix did nothing. FYI Storj isn't storing the data inside the blockchain.

And why are you spreading more scams? https://medium.com/@c1s0r/scam-or-legit-arweave-95081ea7705b

We are not making fun of your views, we are making fun of you buying into scams and now being desperate trying to make other people buy into the same scams too. This is what a ponzi scheme does.

So stop spreading a ponzi scheme here.

FYI: Stop lying about being in the profit. You clearly are not.
 
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captaincranky

Posts: 19,163   +8,308
I would only care if people made fun of me if I was insecure about my views. Time will show the truth. Also, somehow pretending that being on the side of the ones attempting to make fun of others is a good thing, is quite pathetic. You're on the side of the ones making fun of Wright Brothers and Joseph Lister.
Were I of a mind to do so, I could draw the diametrically opposed yet analogous conclusion that you're on the side of those still suggesting, "the earth is flat".
 
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