this post was submitted on 02 Jun 2025
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[–] suicidaleggroll@lemm.ee 30 points 6 days ago (2 children)

Near the peak of the NFT craze I was gifted (as part of an initial mint) an NFT, which I turned around and immediately sold for $3k. Last I looked it was worth about $200. That's the extent of my experience with NFTs.

[–] ralakus@lemmy.world 9 points 6 days ago (1 children)

Still surprised it's worth $200. I thought it'd be worth a few cents or maybe a few dollars at most

[–] tallpaul@lemm.ee 8 points 6 days ago (1 children)

It's worth what someone will actually pay for it. I suspect that $200 is the price at which it is listed...

I see what's going on here! You're confusing market value labor value and use value. Typical noob mistake. Clearly ypu dont understand the real value of an nft!

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[–] Underwaterbob@lemm.ee 18 points 6 days ago (1 children)

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.

[–] kadup@lemmy.world 9 points 6 days ago (1 children)

When I first heard of NFTs I thought the media was encoded within the blockchain - in that case sure, I wouldn't necessarily buy one but I understand how that'd be interesting.

Ten minutes later when I was told they are just proof of purchase that points to a URL hosting your monkey image somewhere, I knew they were a total scam

[–] outhouseperilous@lemmy.dbzer0.com 6 points 5 days ago (1 children)

Okay but how are nft's different from the deed to a house? Checkmate, filthy commie.

Now that i have defeated you in single combat, you must tell me the seed phrase for your largest bitcoin wallet.

[–] some_guy@lemmy.sdf.org 19 points 6 days ago* (last edited 6 days ago) (2 children)

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"

[–] Nalivai@lemmy.world 6 points 6 days ago* (last edited 6 days ago)

I feel bad for people who are duped by the scam artists. But on the other hand, scam is such an integral part of the US life, recognising it is an essential skill by now. So if you have enough money to be scammed, but didn't learn how not to get scammed, it's at least a little bit on you at this point.
That being said, nobody is safe, unfortunately, you can be as smart and as informed as possible, they still can invent a scam that will work on you specifically.

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[–] Dupree878@lemmy.world 7 points 5 days ago

Pretty much all crypto bro stuff, honestly

[–] TinyLittlePuni@lemmy.world 6 points 6 days ago (2 children)

Every time someone mentions NFT's, I think of this gem and its sequel

[–] 13igTyme@lemmy.world 4 points 6 days ago
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[–] Aceticon@lemmy.dbzer0.com 6 points 6 days ago* (last edited 6 days ago) (1 children)

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.

[–] AA5B@lemmy.world 3 points 6 days ago

There use to always be a crowd of TSLA stock owners (fewer now) defending Tesla

Seems like a resurgence now, plus I’m seeing a lot more misleading videos.

This time it’s worse: all scam and manipulation.

Before there were a lot of true believers and the bubble went on too long to be just a scam

[–] fiddledeedee@sopuli.xyz 2 points 5 days ago* (last edited 5 days ago)

i smoked a joint with an one of those ape drawings on the jar last night, that was a Nice Fuckin Toke

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