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NFTs .... am i missing something?

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    NFTs .... am i missing something?

    I know I'm getting on in years, having my mid life crisis at 51, but what is it with these NFT files? This digital picture has just been sold for £54k yet the 'owner' doesn't even control (own?) the copyright for the image.

    So what do they actually get for their money, and why would they want this NFT?

    They always seem to be purchased via cryptocurrency, so maybe that's all I need to know ... just another band-wagon to jump on, more emperors new clothes?

    Happy to be educated.


    https://www.bbc.co.uk/news/world-us-canada-58687070
    I am what I drink, and I'm a bitter man

    #2
    It's not good for the environment.

    "You’re just a bad memory who doesn’t know when to go away" JR

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      #3
      vanished into thin air and unlike Tulips you can't eat doesn't exist

      Comment


        #4
        Originally posted by Whorty View Post
        having my mid life crisis at 51
        You're allowed to have more than one

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          #5
          Originally posted by GJABS View Post

          You're allowed to have more than one
          To be honest, I'm enjoying this one so much I don't think I'll need another one
          I am what I drink, and I'm a bitter man

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            #6
            Happy to be educated
            No point asking an old fart like me.

            It's not good for the environment
            Quite. They should ban this crypto currency stuff as China have done. Although doubt climate change was their motive.

            bloggoth

            If everything isn't black and white, I say, 'Why the hell not?'
            John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)

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              #7
              It's art... value is entirely in the eye of the purchaser.

              Can we sell NFTs of famous posts/threads on CUK, more importantly?
              Originally posted by MaryPoppins
              I'd still not breastfeed a nazi
              Originally posted by vetran
              Urine is quite nourishing

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                #8
                Seems rather a fragile commodity, because you only have to change one pixel of a digital image and a hash function of it will be completely different, unless someone has invented a super-smart translation and clipping and colour-tweaking invariant semantic hashing system.
                Work in the public sector? Read the IR35 FAQ here

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                  #9
                  NFTs .... am i missing something?
                  - yes the large amounts of cash people are making from it.

                  Its "art" once you understand the Turner prize you are away!
                  "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

                  I want to see the hand of history on his collar.

                  Comment


                    #10
                    Originally posted by GJABS View Post

                    You're allowed to have more than one
                    Don't the locals wives won't be safe!
                    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

                    I want to see the hand of history on his collar.

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