This emoji summarizes it perfectly: 🤢
The author’s points are:
- Ew crypto, amirightguise?
- They missed a single letter in a single word on a page that wasn’t meant to be public-facing, what a bunch of losers
It’s pretty easy to tell that this guy spends at least half of his waking hours on reddit. He also completely glossed over the fact that it’ll be open source, so we can just fork it and cut out the icky parts
- NFTs are objectively a scam, and unsurprisingly, 1208 – these developers – proudly and prominently display Wolf of Wall Street Jordan Belfort on their homepage.
- They just say “open-source” without stating a license, and coming from people willing to put a pyramid scheme in their no-effort mobile game, that sends up red flags for openwashing.
- If it is open-source, that isn’t god’s gift to mankind or anything. There are plenty of existing open-source Flappy Bird clones that mimic it – as best I can tell – one-to-one because Flappy Bird isn’t a complex game. And I’m somehow doubting a game designed to hawk shitty-ass NFTs has a lot of detail put into it either.
You call them scammers, then say their right to scam should be protected by licenses? I say we scam the scammers by forking it and doing whatever the fuck we want with it 🙂
Whether something is open-source or not is dependent on what license if any its creator chooses to put it under. a) This comment confuses me more than anything, and b) if you want to make a better Flappy Bird game, you’ll probably have a better shot forking one of the existing clones than waiting for whatever steaming, uninspired pile of shit comes out of Belfort’s wallet.
One small but important correction. NFTs are not a scam, it’s an amazing technology that has the potential to revolutionize lots of stuff, that became popular when people used it for stupid shit.
Saying NFT is a scam because people have used it to scam others is like saying phones are a scam because people call others over the phone to scam them.
NFTs are essentially a decentralized token. This means that they can be used to represent anything you might want to represent with a token, e.g. ownership of a physical object such as a car or a house; ownership of a digital asset, such as a website or game; some predetermined amount of something, similar to a stock or bonds; etc. The fact that some people used it to mean ownership of random pictures and people thought buying random pictures on the internet for a ridiculous amount of money was a good idea tells you more about people than about the technology.
NFTs are essentially a decentralized >token. This means that they can be >used to represent anything you might >want to represent with a token, e.g. >ownership of a physical object such as a car or a house; ownership of a digital >asset, such as a website or game
No.
NFTs are not proof of ownership. At best they are the equivalent to receipts, at worse they are mere url links. They are certainly not title deeds, not proof of copyright ownership or anything of that sort. They are just a ledger that person D paid something to person C who paid something to person B who paid something to person A.
Lets use those NFT monkeys as an example. There is literally no proof anywhere on that NFT chain that person A is the rightful copyright owner or has the rights to sell said image. Furthermore, there is no proof that person A gave the rights to person B to resell said image. Or that anyone down the chain sold the complete rights instead of just selling the link to access monkey.jpg
That’s neat. Until a representation of something on a blockchain has any legal meaning regarding authenticity, ownership, or anything else, and until the overwhelming majority usage of NFTs isn’t as a scam, NFTs remain a pathetic and comically stupid class of speculative asset constituting a pyramid scheme that also happens to destroy the environment.
Hey, if you say NFTs aren’t a scam, then why is almost every single NFT project losing its value?
