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Joined 11 months ago
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Cake day: August 8th, 2023

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  • I’ll just use a small example… Let’s say you have an NFT for a online casino project. Simply holding the nft in your wallet will give you a weekly payout (certain percentage of profits for that week/month)

    I use this example because nfts can have many different uses. Another would be gated communities/gated access to online services. Hope that helps it make sense a little


  • Honestly, right now it’s like the wild west. The markets need a form of regulation. For that reason, I’d never recommend anyone get into nft trading without some serious research put into it. But as the space evolves, there will likely be thing put in place to solve this issue.

    Also wanted to say I also very much appreciate your response. Most here have decided to attack me instead of actually holding an intellectual conversation. Hope you have a great day!




  • Totally fair. I just see at as one of the many uses that are possible. Let’s day you couldn’t make it to an event and wanted to sell your ticket. It would be pretty easy to get the other users wallet address and make the exchange. Also, not all blockchains have high transaction fees. On the Solana network, for example, you can make the exchange for a fraction of a cent. It would cost you roughly. $0.0021 to make the trade.


  • I fail to understand your point. What extra step? You either get ownership or you don’t based on the asset you’ve acquired. NFTs don’t have alto be a once size fits all kind of thing. You are just oversimplifying it. The same can work for physical objects that you purchase. Vehicle manufacturers make it to where you can’t service your own vehicle sometimes because of special tools needed… So do you really own it? Hmmmm


  • I never claimed made a claim that it protected you from scams. I said it can’t be counterfeited.

    I really don’t want a “one true crypto”. I think different blockchains can serve different purposes.

    And as far as ticketing goes, yes the centralized authority (let’s say Disney for example) would set a max amount of tickets (nfts) to be sold/minted and they would be distributed to wallets as they are sold. Nobody else would have a way to alter or counterfeit fake tickets.

    I can totally understand all the hate for crypto though. I mean… I’m a gamer and bought my graphics card during the peak of crypto mining. Was I happy? Hell no. I had a deep hate for crypto at the time… But I decided to dig deeper into what the rage was about. Using actual crypto wallets and interacting with Dapps was quite eye opening to what the future web could be like.

    But I’m also with you that crypto needs some form of regulation, but imo crypto and stocks are not the same. If anything NFTs would be more like stocks/shares.

    One of the biggest hurdles, like you’ve mentioned, is that a good portion of the space is full of ponzis/scams. But there are a handful out there who truly care and are trying to pave the way and build up a new way to interact with others. I assure you there’s more to it than just scams and jpeg trading. It can be pretty neat when you see what’s possible.

    Sorry to take up so much of your time with my second ramble but you raised some good points. Cheers


  • Its not a jpeg man its an nft it uses blockchain man it can’t be replicated its totally the future

    It’s funny you say this because in the near future once blockchain usage becomes more mainstream, you’re going to see NFT tech used for things like concert tickets, sporting events, movie tickets etc… because they can’t be counterfeited and produced at a fraction of the cost of traditional tickets. As long as the NFT sits in your crypto wallet, you’re granted access to the event.

    People tend to forget how much the original web was plagued with scams and such, or maybe some are too young to even know much about it… Crypto is new and will take some time before it matures. But I believe decentralization is the future and is one of the reasons I’m on Lemmy.