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You are here: Home / Open Threads / Late Night Open Thread: NFTs Are *Over*, Now

Late Night Open Thread: NFTs Are *Over*, Now

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Sure, they’ll still be utilized by billionaires and other global miscreants to launder money, but once the corporate powers at today’s Rolling Stone start promoting tie-ins, NFTs have become irredeemably bougie. No more ‘hip’ than the Make Mine Marvel! coin tokens I bought back in the early 1970s… except I seriously misdoubt these ‘edgelord’ gifs will survive fifty years to grace some future collectibles market.

‘membership cards to a decentralized community of madcaps’. Cringe.

Reader Interactions

43Comments

  2. 2.

    PJ

    Was cryptocurrency over when MTGOX was hacked? Was it over when the Germans bombed Pearl Harbor? This con has a long long way to go before the last sucker is bilked.

  3. 3.

    Yutsano

    Meh. It was bound to happen at some point.

    I get to pressure my doctor into doing paperwork for me tomorrow because I just had the most useless hospitalist when I was in hospital last week. It’s not going to be fun.

  4. 4.

    West of the Rockies

    Am I the only one who knows nothing about this subject and could not care less about it?

    But for those who do know and care, rock on. Curmudgeon out.

  9. 9.

    Chacal Charles Calthrop

    There was some kind of live event for these clowns in NYC’s East Village today. No-one could explain to passers-by what they were there for, or what they were doing lining up around the block. Lots of Bored Ape Yacht Club sweatshirts though.

  10. 10.

    Wapiti

    I guess these are about as useful a hedge against inflation as my great-aunt’s Hummel figurines.

  11. 11.

    West of the Rockies

    Does this money-like-substitute-whatever also cause environmental damage like bitcoin mining?  If so, it just seems like a way for money pigs to make money and shit on the environment.

  12. 12.

    Peale

    Yeah. Finally got around to reading up on the metaverse today. I think my best explanation of why … well it’s kind of like how genxers adapted computer technology to bring to life their childhood. Could have solved other problems, but the effort and investment has been put into special effects movies so that frickin adults have to care about super heroes into their 50s. They wanted to reach beyond the limits that were placed on Hobbit cartoons and Spider-Man TV series.  The metaverse just seems like aging millennials attempting to supercharge second life and Wii Fit.

  13. 13.

    Poe Larity

    I don’t know what any of this means and am damn proud of that, but it’s just more proof you folks don’t get it.

    Could I do a NFT of all the bitcoins I didn’t buy?

  18. 18.

    LeftCoastYankee

    These are like any other collectibles.

    1. If you can develop a resale market, you can pretend you are investor.
    2. If there is no market and you just love your collectible you are a hobbyist/connoisseur.
    3. If you don’t really understand what you bought… well, your Grifter Overlords thank you for being a true American Hero.
  20. 20.

    JWR

    Middle School Teacher Recorded Making Comments On Hunter Biden, Presidential Election And Vaccines In Classroom

    VENTURA (CBSLA) – A Ventura middle school history teacher has come under scrutiny for political comments in the classroom that were recorded by a student, and at least one parents doesn’t think the school has taken appropriate action.

    “People need to wake up and see the government has way too much power right now,” the teacher can be heard saying on the recording.

  23. 23.

    Rusty

    NFT’s are particularly stupid.  They are NOT copyright.  Owning an NFT does not mean you own the copyright.  So no right to exclude others from copying the work.  By owning an NFT, you own really nothing.  Talk about separating fools from their money.

  24. 24.

    mrmoshpotato

    @West of the Rockies:

    Am I the only one who knows nothing about this subject and could not care less about it? 

    No.  I also don’t give a damn about it or cryptocurrency.  Both scams to stay well away from.

  27. 27.

    Ripley

    I didn’t realize the internet had been taken over.

    It’s sad to realize, now, that it was in such a sad, sad fashion.

  31. 31.

    germy

    “What are you doing? Take back the Senate! You’ve got guns. Use them! We give you guns for a reason. Use them!”

    – Lindsey Graham, screaming at Capitol police on Jan. 6

  34. 34.

    Ripley

    @NotMax:

    Let us all lie back and think of Robert Englund. (Day late for Halloween, but…)

    I did enjoy that emphatic hand slapping. “I have a point, and it will be taken by you, or else!”

  35. 35.

    germy

    nfts are that special kind of phenomenon, the fad that already looks incredibly stupid while it’s still happening

    — michael wave: gourd boy edition (@SzMarsupial) November 2, 2021

  37. 37.

    Shalimar

    I hate crypto and avoid it as much as possible so that is probably part of the reason.  Still, I’m online 10-12 hours a day and I find it very hard to believe anything I have never heard of has “taken over the internet.”

  38. 38.

    Ken

    @Shalimar: I think “taken over the internet” should be reserved for a group that manages to replace the DNS root certificates with their own.

  39. 39.

    Just Chuck

    See how Bored Ape Yacht Club took over the internet

    I have literally never heard of them, though I have heard of the “evolved apes” scam of which this is an exact copy, mr-potato-head variants on base drawings and all.  Except the art in that one looked marginally better.

  40. 40.

    Just Chuck

    @West of the Rockies: Yes, the (perceived) value of a NFT comes from the scarcity, which in most blockchain networks is only produced by mining.  Which itself basically involves brute-forcing an algorithm in some fashion and hoping you get the random target result before someone else stumbles on it.  I remember when we at least had folding@home solving real-world problems, now it’s just burning CPU to win made-up lotteries.

    There are other blockchains out there using different mechanisms that do at least handle the validation work in a less idiotic way, but none of them are driving speculation frenzies yet.

  42. 42.

    JustRuss

    @JWR: I clicked the link and…yup, that’s where I went to middle school, many ages ago.  I expect all my teachers have retired by now, so probably never crossed paths with this moron.

    FWIW, most of my teachers there were very good.

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