Make a living selling NFTs?

[VinceInMT]

He could well have been commenting online that long. We called them BBS then. They have been around since the late 70's.

That is correct. Fidonet through the dial-up BBS world and a few systems before that like USENET through my university access. Heck, I had my first home computer in 1978. And, yes, the online discussions had the same issues that we see today.

 

[MattKing]

Here is a powerful but disturbing use of NFTs:
https://www.washingtonpost.com/tech...-internet-father-created-an-nft-grisly-video/

 

[jvo]

tongue-in-check.... hmm, here we are in a retro film forum criticizing a new technology! why couldn't i see that coming?

 

[Pieter12]

tongue-in-check.... hmm, here we are in a retro film forum criticizing a new technology! why couldn't i see that coming?

Photo is an inclusive forum, digital and analog. Plus, this is in the presentation and marketing part.

 

[Sal Santamaura]

Like all con jobs eventually do, this one is going down too:

NFT Trading Volume has Fallen 97% Since the Beginning of the Year

The crypto winter has come.

petapixel.com

 

[Sirius Glass]

Like all con jobs eventually do, this one is going down too:

NFT Trading Volume has Fallen 97% Since the Beginning of the Year

The crypto winter has come.

petapixel.com

We told that this was going to happen! It was based on nothing of value and sooner or later people would figure out it was a scam or lousy investment. All the NTF psychofants can now eat crow.

 

[Alan Edward Klein]

Crypto is next to fail. No essential value behind them.

 

[Pieter12]

Well, crypto is the only way to buy NFTs anyway.

 

[Sirius Glass]

Crypto is next to fail. No essential value behind them.

I think so too. Feel free to disagree with me, after all it is your money that will disappear not mine.

 

[bdial]

Then there is this;

MSN

 

[Sirius Glass]

Then there is this;

MSN

Stupid is as stupid does.

 

[Sal Santamaura]

Crypto is next to fail. No essential value behind them.

Good news in the effort to suppress that con job too:

SEC.gov | SEC Charges Kim Kardashian for Unlawfully Touting Crypto Security

www.sec.gov

 

[Pieter12]

It only makes sense that you are buying non-photographs with non-money. It's all in your mind (or your computer in this case). Many legitimate galleries and even agencies like Magnum are selling NFTs now. Just wait for the AI-generated NFTs to start popping up. Maybe you can pay for those with AI-generated currency in an AI virtual world.

 

[BradS]

Ready, Player One

 

[crafmatic]

Who is making a living with NFTs? Who is making a living selling Photographs, is anyone? Everything is a side hussle even when you are old. I own a few, and have "a collection" and sell some. I am not sure what the deal is or why there is so much negativity. I do it and it is fun. Friends buy lotto tickets and have nothing to show for the money they wasted.

 

[Alan Edward Klein]

Who is making a living with NFTs? Who is making a living selling Photographs, is anyone? Everything is a side hussle even when you are old. I own a few, and have "a collection" and sell some. I am not sure what the deal is or why there is so much negativity. I do it and it is fun. Friends buy lotto tickets and have nothing to show for the money they wasted.

But one sucker paid over $5 million for an NFT. That's not chump change.

 

[MattKing]

Non Fungible baseball: https://www.sportsnet.ca/mlb/article/fan-who-caught-aaron-judges-62nd-home-run-offered-2m-for-ball/

 

[Alan Edward Klein]

Non Fungible baseball: https://www.sportsnet.ca/mlb/article/fan-who-caught-aaron-judges-62nd-home-run-offered-2m-for-ball/

The guy who caught the ball should take a picture and sell it as an NFT for $1m and keep the ball too.

 

[Pieter12]

But one sucker paid over $5 million for an NFT. That's not chump change.

You can't buy an NFT for any amount of (real) money, like $5 million. Only virtual currency, maybe only Bitcoin.

 

[Alan Edward Klein]

You can't buy an NFT for any amount of (real) money, like $5 million. Only virtual currency, maybe only Bitcoin.

Regardless, it still cost the NFT buyer over $5 million. You have to buy Bitcoin before you can pay for something with it.

 

[MattKing]

My former dentist accepts Bitcoin.
The local mall has a Bitcoin ATM machine.
Some employers will, if requested, pay their employees in Bitcoin.
Home Depot and Starbucks accept Bitcoin, directly or through an app.
There is even a Canadian bullion marketer who will give you a 4% discount if you use Bitcoin to buy from them.
It makes no more, and no less sense than a personal cheque.

 

[Pieter12]

The value of bitcoin has been all over the place. I wouldn't accept it as payment unless I could unload it right away.

 

[Alan Edward Klein]

My former dentist accepts Bitcoin.
The local mall has a Bitcoin ATM machine.
Some employers will, if requested, pay their employees in Bitcoin.
Home Depot and Starbucks accept Bitcoin, directly or through an app.
There is even a Canadian bullion marketer who will give you a 4% discount if you use Bitcoin to buy from them.
It makes no more, and no less sense than a personal cheque.

Pieter's right. When your boss gives you a paycheck of $1000, that's what goes into your bank and what you can spend less any inflation which is minimal from one week to the next. If he paid you $1000 in Bitcoin, it could be worth $900 by the time you deposited it or maybe $1200. Its worth isn't consistent which is what you want in a currency. You're guessing its value from day-to-day which is gambling with your paycheck or frankly anything else you buy or sell.

 

[Marcelo Paniagua]

Crypto currency concept is not different at all than regular currency. A promise to pay and value is subjective. There is no phsycal stuff (like go;d/silver) that stands behind dollar.

Only difference is who is behind it. US Goverment payment promise stand behind dollar but nobody (besides speculator) stands behind crypto.

 

[BradS]

... Bitcoin ...
makes no more, and no less sense than a personal cheque.

I think the banks would say otherwise. Possibly law enforcement too.
A check is a legal contract. We have centuries of settled case law around contracts.
Is Bitcoin a contract? Where? How? How much settled case law exists around Bitcoin and the like?