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PhalecAgreed, seeing the bullshit cash-grabs that skaters like Nyjah and Jagger Eaton have put out left a bad taste in my mouth.
I don't fault the people getting cash from rich people, but rich people acting like a NFT is actually worth something is comical, it's just like expensive art, it's a flex and we'll never have the amount of money these NFT nerds have.
nfts will be legit if everyone treats them as such. only time will tell.
back in 2010 when i first heard of bitcoin and mining i thought it was a scam, then i came around and put some money into it and i dont regret it. its not as lucrative as it used to be thats for sure. im running 3 bitmain antminers if anyone is wondering. they generate appx $400 a month right now.
from an aesthetic perspective, i cant say i like chris' art, i but i know many who do. Its very likely they would treat his nft (or any other form of art) as a legit asset.
edit: lets see if the opinion on nft will change when henrik mints one...
**This post was edited on Feb 8th 2022 at 4:06:49pm
ajbskinfts will be legit if everyone treats them as such. only time will tell.
back in 2010 when i first heard of bitcoin and mining i thought it was a scam, then i came around and put some money into it and i dont regret it. its not as lucrative as it used to be thats for sure. im running 3 bitmain antminers if anyone is wondering. they generate appx $400 a month right now.
from an aesthetic perspective, i cant say i like chris' art, i but i know many who do. Its very likely they would treat his nft (or any other form of art) as a legit asset.
ajbskinot necissarily, just about anyone can mint an nft.
ill actually go through the process and post the results to this thread.
My point is that nobody is gonna buy random digital art and save it as an investment, they already fucked up buying it from whomever, now they can't sell it and its worthless, its a pyramid scheme.
Not even close to crypto, but good luck with your endeavors.
eheathMy point is that nobody is gonna buy random digital art and save it as an investment, they already fucked up buying it from whomever, now they can't sell it and its worthless, its a pyramid scheme.
eheath 4 years ago - "crypto currency is a long way from being legit"
If you screw over rich people in this country, you go to jail. If you screw over poor people in this country, you get a pat on the back from Uncle Sam. NFT's are just more proof. Literally, if the roles were reversed and poor people were selling these NFTs to rich people, the government would already have shut it down, Congress would have developed laws in response to NFTs and people would be in jail. Instead fucking Tony Hawk, Chris Bencheltler, Nyjah, etc can sell NFTs preying on kids who are using mommy and daddies credit card and don't understand how it works. There's even people selling shares of NFTs and paying celebrities in crypto or shares of the NFT to endorse the NFT making it seem to the average NFT buyer like the celebrity bought the NFT as an investment not that they're getting paid to market the NFT. A lot of it seems like it should be highly illegal but the dipshit boomers in congress don't understand it and the NFT creators are really only fucking over gullible poor people so they frankly don't care.
like i said, time will only tell. as of now im quite skeptical considering the current dogma.
lol 4 years is a long time when there was a pandemic in the middle, pretty hilarious that you're this petty about this topic you went through so much to try and prove me wrong or something. for the record idgaf, i just think nfts are a scam.
I am by no means an expert in NFTs/crypto but the biggest issue I see is everyone only assumes NFTs are strictly expensive art, specifically shitty ape art haha
NFTs can, and will be, basically anything that needs and/or benefits from verification of ownership. It's that simple. Art is just a tiny fraction of what will grow into something massive. Especially moving onto L2 instead of the shitty energy inefficiencies and prohibitively expensive gas fees at L1 currently. What LRC and IMX are doing partnering w/ GME is what comes to mind for insane L2 NFT marketplace potential
Personally I don't back the current focus of money laundering overpriced art NFTs, and mostly agree w/ the comments clowning on it. I've never minted or bought an NFT. Also no comment specifically on Benchetlers entrance to the space. But to completely clown all NFTs and its broader potential entirely, that perspective will most likely age like milk as they become more prevalent and useful beyond questionable art sales
He's got an interesting art style so I get it from the standpoint of another outlet for display, sales, etc. Like you know, just another online shop.
I played with NFT's a bit. What's weird with NFT's is that it doesn't mean you lose your copyright apparently or that it's unique. I kinda played with it on rarible and made an NFT of a photo of our dog and I thought it would have said, you know this means this is unique and it's certified this is the only copy etc, blah blah but no nothing like that. How difficult is to copy an nft? Seems like it's just right click save lol.
Not totally on topic but check this video out about the high end art market. The example at the end is, well, literally priceless haha.
NotEnoughSkiingI played with NFT's a bit. What's weird with NFT's is that it doesn't mean you lose your copyright apparently or that it's unique. I kinda played with it on rarible and made an NFT of a photo of our dog and I thought it would have said, you know this means this is unique and it's certified this is the only copy etc, blah blah but no nothing like that. How difficult is to copy an nft? Seems like it's just right click save lol.
This is the part about NFTs that just makes no sense to me at all, you're literally buy a video/image for x$ and then you sell it for x$ because its "verified" but why would anyone buy it if they can just look it up online? Why would i buy a video of say tiger woods getting a hole in one when the video is on youtube and will be forever? maybe someone can explain this concept to me.
Maybe they can adjust how it all operates and actually make the NFTs be worth something of value, but it's just a way to toss around money at this point.
eheathCan you explain a web3 asset to me? Like I said, idk shit about this stuff other than the noise ya know?
Not sure how much you know, but web3 is the plan of having the internet take place on the blockchain rather than be hosted by centralized servers, as it is today (we're currently in web2). Here's a link about web2 vs web3 on the official Ethereum site: https://ethereum.org/en/developers/docs/web2-vs-web3/
While NFTs are most famous for being used for artwork, this is actually only one implementation of an NFT. All an NFT is meant to do is show that some particular thing is unique (Ethereum docs on NFTs: https://ethereum.org/en/nft/). Another example of an NFT is an ENS domain (see here: https://ens.domains). ENS is meant to become the analogue to DNS of web2. Just like DNS makes it so that the browser will go the correct location on the internet (i.e. IP address) when somebody types in "google.com", ENS makes it so that someone is pointing to the correct address on the blockchain if someones types in "eheath.ens". These ENS domains are NFTs. Only you should own the address eheath.ens (unless you sell it), and the ENS domain name acting as an NFT ensures this.
So, what ajbski means by "web3 asset" is anything of value that resides on the blockchain.
Personally, I think most NFTs currently have an artificially inflated price from all the hype, but the core idea is really cool and I believe here to stay.
Personally, I don't care at all if someone wants to sell overpriced NFT bullshit to people. But saying some corny shit like this, "I'm aiming to enter the NFT space respectfully, slowly, and with an open mind." is so lame.
edc_19Not sure how much you know, but web3 is the plan of having the internet take place on the blockchain rather than be hosted by centralized servers, as it is today (we're currently in web2). Here's a link about web2 vs web3 on the official Ethereum site: https://ethereum.org/en/developers/docs/web2-vs-web3/
While NFTs are most famous for being used for artwork, this is actually only one implementation of an NFT. All an NFT is meant to do is show that some particular thing is unique (Ethereum docs on NFTs: https://ethereum.org/en/nft/). Another example of an NFT is an ENS domain (see here: https://ens.domains). ENS is meant to become the analogue to DNS of web2. Just like DNS makes it so that the browser will go the correct location on the internet (i.e. IP address) when somebody types in "google.com", ENS makes it so that someone is pointing to the correct address on the blockchain if someones types in "eheath.ens". These ENS domains are NFTs. Only you should own the address eheath.ens (unless you sell it), and the ENS domain name acting as an NFT ensures this.
So, what ajbski means by "web3 asset" is anything of value that resides on the blockchain.
Personally, I think most NFTs currently have an artificially inflated price from all the hype, but the core idea is really cool and I believe here to stay.
Ah okay, I was wondering where blockchain came in for all of this, thanks for the info!
As someone who has written Eth smart contracts before and understands this stuff:
If you are ever wondering if an NFT is a scam, remember this: you can mint an NFT (or use an existing one) go on OpenSea, buy the NFT with a different address for a billion dollars in Eth. Now, that NFT is valued at a billion dollars, and you still own it.
**This post was edited on Feb 9th 2022 at 1:49:31am
madcultDude just got a new position within Atomic + extended line of skis which sells like hot cakes. Not enough?
Dont get me wrong I love Chris but this just feels lile squeezing every penny possible in a ways which feels not right for me.
**This post was edited on Feb 9th 2022 at 3:05:06am
His wife has cancer homie is probably tryna hustle to keep his wifey alive. I've been asked to make nfts of my animations before but at the moment I don't want to do so for environmental reasons but I'm also in college debt so it's getting more and more tempting. Cold world.
IanAvery-LeafI am by no means an expert in NFTs/crypto but the biggest issue I see is everyone only assumes NFTs are strictly expensive art, specifically shitty ape art haha
NFTs can, and will be, basically anything that needs and/or benefits from verification of ownership. It's that simple.
edc_19While NFTs are most famous for being used for artwork, this is actually only one implementation of an NFT. All an NFT is meant to do is show that some particular thing is unique (Ethereum docs on NFTs: https://ethereum.org/en/nft/). Another example of an NFT is an ENS domain (see here: https://ens.domains). ENS is meant to become the analogue to DNS of web2. Just like DNS makes it so that the browser will go the correct location on the internet (i.e. IP address) when somebody types in "google.com", ENS makes it so that someone is pointing to the correct address on the blockchain if someones types in "eheath.ens". These ENS domains are NFTs. Only you should own the address eheath.ens (unless you sell it), and the ENS domain name acting as an NFT ensures this.
it is true that most people dont understand the basic premise of an nft. you have to have a decent understanding of blockchain technology and how some basic cryptos work in order to understand the significance.
nfts basically open the door for unique, privately owned assets or information to be able to interact with various cryptos. theoretically, if the laws were there, you could own the deed to your house on an nft and take out leverage against it using various different crypto protocols. alternatively, your digital ID could (and would) be an nft. the applications are essentially endless, and quite scary.
mattytruit is true that most people dont understand the basic premise of an nft. you have to have a decent understanding of blockchain technology and how some basic cryptos work in order to understand the significance.
nfts basically open the door for unique, privately owned assets or information to be able to interact with various cryptos. theoretically, if the laws were there, you could own the deed to your house on an nft and take out leverage against it using various different crypto protocols. alternatively, your digital ID could (and would) be an nft. the applications are essentially endless, and quite scary.
Which are the applications you find to be scary? Are you against privately owned assets in general (blockchain and non-blockchain), or is it something about private assets on the blockchain you find scary? I'm genuinely asking because I haven't yet heard of an application of nfts that I find scary, but I also haven't thought about them that much.
edc_19Which are the applications you find to be scary? Are you against privately owned assets in general (blockchain and non-blockchain), or is it something about private assets on the blockchain you find scary? I'm genuinely asking because I haven't yet heard of an application of nfts that I find scary, but I also haven't thought about them that much.
not about private assets. digital identity is what scares me, combined with how integral smartphones have become. similar to china's 'social credit score'. at the very least our soicety is becoming even more disconnected from our natural surroundings which will compound a myriad of problems we are already having. at the worst we are at risk of going full technocracy mode.
just cant get with the vibes, even though im quite interested in blockchain in general. will be crazy to see how it plays out. buy some fuckin crypto if you havent yet
Fortune tellers, astrology, palm reading, psychics, religon, pet psychologists, slot machines, etc. are all scams that exist and nobody cares, I don't see why nft would be any different. Humans have been scamming each other since the dawn of man. Play stupid games, win stupid prizes.
eheathI don't fault the people getting cash from rich people, but rich people acting like a NFT is actually worth something is comical, it's just like expensive art, it's a flex and we'll never have the amount of money these NFT nerds have.
cmon bro give crypto a chance bro pleaseyou won't lose all your money bro please invest. Invest in an nft bro please its not a scam I swear bro you definitely own the image, cmon bro just sue them if they screenshot please
But it's not worth $1B though. That's just the transaction history. There's no contract of any sort that says you can sell it for $1B after you purchased it and also when or how fast.
In markets, the way you come to what is the fair price is by having many transactions for the same thing and how it averages out is the price. The price doesn't mean the next person is even willing to pay that or more or less, it's just really just a historical reference that a buyer or seller may use to decide something is worth X.
In the case of assets or "things" if they don't change hands often or that info isn't public (see my art youtube link) it makes it hard to know what it ought to be the next time it comes up. So in the example you gave, all it means is that NFT has a transaction history of $1B. It doesn't guarantee the next sale is that.
Compare that to say a share of Amazon valued at $3200. That value is based on currently about 3.5MILLION shares being traded each day. Each trade a person can say I think it's lower, higher, or just right. With that many transactions over a period of days, months you get a better feeling that, well clearly it has at least x to y value. Even then you saw what happened to Netflix and PayPal a few days ago, all of a sudden a large group says nah, it's really $1600 so if you want to sell it, I'll take it at $1600 but not $3200.
Take it full circle what you get with other assets or "things" may be more than just value. If you buy a house, you can live in it, or have friends live with you that also value that and pay you money. If you have a car you can drive around and do stuff. Generally you get a lot of talk about appreciating assets like real estate and stock vs depreciating assets like cars -- ultimately though it's what you value it at. My now 14 year old car is worth like $1500 but to ME it's worth a lot more than that due to the utility it provides. I recognize if I sold it, it would be a great loss to me in utility.
There are a lot of hard to value assets out there that don't change hands often. Just about every house over $2M in the USA real estate market. There's a bunch of them and a bunch of transactions but the swings are on the whim of the next buyer/seller which are way fewer than say homes that are going for $200K. There's many many more buyers/sellers there. If you buy the $200K home there's a much higher likelihood the next day it'll sell for about the same thing again.
This is where things fall apart for me and I think others too when you look at crypto and particular NFT's. I think the technology of decentralize record keeping is fantastic! That means there's not one entity that can say "we keep the records and you have x, and tomorrow if you don't pay me I'll take x-1 from you or charge you or whatever".
I am disappointed though in practice around the uniqueness aspect of NFT. I thought for sure there would be something that would ensure that the photo I uploaded of our dog would somehow be especially copyrighted and secured and it would say something like we will delete the photo you are uploading and you certify there are no more out there. Instead nothing. I can literally keep the photo and do whatever I please with it and or copies of it still. As an NFT buyer you get basically a right click copy of the image. You aren't given any special rights of using it for other commercial purposes and in fact you can't! You can display it, that's it. If you were to use it as your corporate logo the original author still owns the copyright not you. I just don't see the durable value or what the utility could possibly be in that.
But seriously, watch that Wendover Productions video I linked initially. It's long 40mins but really interesting!
whatsamonadAs someone who has written Eth smart contracts before and understands this stuff:
If you are ever wondering if an NFT is a scam, remember this: you can mint an NFT (or use an existing one) go on OpenSea, buy the NFT with a different address for a billion dollars in Eth. Now, that NFT is valued at a billion dollars, and you still own it.
**This post was edited on Feb 9th 2022 at 1:49:31am
there is no real right or wrong with this new market, its all under debate right now.
the way i see it, we are laying down the foundation for what the future infrastructure will bring. Im sure there was lots of opposition when we started building rail ways, telegraph, telecom, television, highways or airports. its good that there is skeptecism, it helps root out potential risks and drawbacks and it helps solve/mitigate them.
i think decentralization is the next movement that will keep our economies from stagnating and allow people/economies to invest in sustainable solutions. its a big step for globalization too.
hopefully we dont have any more wars, international or civil.
NotEnoughSkiingBut it's not worth $1B though. That's just the transaction history. There's no contract of any sort that says you can sell it for $1B after you purchased it and also when or how fast.
In markets, the way you come to what is the fair price is by having many transactions for the same thing and how it averages out is the price. The price doesn't mean the next person is even willing to pay that or more or less, it's just really just a historical reference that a buyer or seller may use to decide something is worth X.
In the case of assets or "things" if they don't change hands often or that info isn't public (see my art youtube link) it makes it hard to know what it ought to be the next time it comes up. So in the example you gave, all it means is that NFT has a transaction history of $1B. It doesn't guarantee the next sale is that.
Compare that to say a share of Amazon valued at $3200. That value is based on currently about 3.5MILLION shares being traded each day. Each trade a person can say I think it's lower, higher, or just right. With that many transactions over a period of days, months you get a better feeling that, well clearly it has at least x to y value. Even then you saw what happened to Netflix and PayPal a few days ago, all of a sudden a large group says nah, it's really $1600 so if you want to sell it, I'll take it at $1600 but not $3200.
Take it full circle what you get with other assets or "things" may be more than just value. If you buy a house, you can live in it, or have friends live with you that also value that and pay you money. If you have a car you can drive around and do stuff. Generally you get a lot of talk about appreciating assets like real estate and stock vs depreciating assets like cars -- ultimately though it's what you value it at. My now 14 year old car is worth like $1500 but to ME it's worth a lot more than that due to the utility it provides. I recognize if I sold it, it would be a great loss to me in utility.
There are a lot of hard to value assets out there that don't change hands often. Just about every house over $2M in the USA real estate market. There's a bunch of them and a bunch of transactions but the swings are on the whim of the next buyer/seller which are way fewer than say homes that are going for $200K. There's many many more buyers/sellers there. If you buy the $200K home there's a much higher likelihood the next day it'll sell for about the same thing again.
This is where things fall apart for me and I think others too when you look at crypto and particular NFT's. I think the technology of decentralize record keeping is fantastic! That means there's not one entity that can say "we keep the records and you have x, and tomorrow if you don't pay me I'll take x-1 from you or charge you or whatever".
I am disappointed though in practice around the uniqueness aspect of NFT. I thought for sure there would be something that would ensure that the photo I uploaded of our dog would somehow be especially copyrighted and secured and it would say something like we will delete the photo you are uploading and you certify there are no more out there. Instead nothing. I can literally keep the photo and do whatever I please with it and or copies of it still. As an NFT buyer you get basically a right click copy of the image. You aren't given any special rights of using it for other commercial purposes and in fact you can't! You can display it, that's it. If you were to use it as your corporate logo the original author still owns the copyright not you. I just don't see the durable value or what the utility could possibly be in that.
But seriously, watch that Wendover Productions video I linked initially. It's long 40mins but really interesting!
I think we are saying the same thing my man. My issue is that the "valuation" of an NFT by OpenSea (where 90% of NFTs are traded), and by the people who own them are by last sale price. Which is, as you explained, a stupid ass way of doing it.
You bring up a valid point that just because the last sale price is $X doesn't mean someone will buy it for $X. Sure, but that's how all NFT people value them. Hell you could sell it to yourself 100 times for around a million dollars each over a few months and have a nice price history which shows that it's """worth $1 million""" on OpenSea. And you know what? Some NFT people would probably buy it too.
All I'm trying to say is that the way these things are valued is stupid. It's all inflated because every uses the last sale price and who knows if anyone else would buy it at that price? It could be worthless if nobody wants to buy it.
Another reason NFTs are a scam: they are built on the blockchain so they have verifiable ownership, all that jazz
However the NFT market has decided to let OpenSea basically regulate the entire market. So now you have one entity controlling the NFT market, deciding who can sell and who can buy, which NFTs are allowed etc.
Basically they took all the properties of the blockchain and said “nah actually we don’t want these” and let a company (OpenSea) undo all of those properties.
I can guarantee you nobody who buys NFTs knows anything about how etherium works.
Love it. NFTs can cut out the percent that arts have to pay to art dealers or musicians have to pay to record labels. I get bad rep and the hate there are a lot of scams out and people should be careful a push creators to create a better space. Benchetler is bringing Legitimacy to the space. This could help a lot of ski photographers to work on there craft full time.
skibumnftLove it. NFTs can cut out the percent that arts have to pay to art dealers or musicians have to pay to record labels. I get bad rep and the hate there are a lot of scams out and people should be careful a push creators to create a better space. Benchetler is bringing Legitimacy to the space. This could help a lot of ski photographers to work on there craft full time.
Lmao did you make a burner account just to post this?
