rich? exists only between heart and mind of those whose faith is real
let it sink in…
https://mobile.twitter.com/jonty/status/1372166059034357761/photo/1
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So let us just ignore the hacking issues, the scalability issues, the stability issues (when it comes to value), the fact it can take minutes or hours to do a transaction ect… because the social justice argument is the only thing we need for all subjects now. Oftentimes, the first thing that needs to be done to help the world’s poor is to change the leadership in the countries they live in (because a phone with a crypto wallet is not much use if it can just be taken by government thugs).
Why the only? While i find “social justice” to be important there are a whole bunch of other arguments - even in this very thread - as well.
Let me explain it this way. Pokémon are entering this market shortly via the ECOMI VEVE platform. When they bring out cards they will all be minted by them as an NFT. Some will be rarer than others and no physical card will exist. No degradation, tearing, folding or loss of the card. So let say Pokémon mint a rare card and in the description it says No.3 of only 100 minted editions. You can now buy that card hold it or sell it on for profit, Pokémon will get 10% of profits on every sale from person to person forever. An independent piece of art , collectable , or even a rare weapon for a game can be used with the creator always getting 10% from each time it sell on. Obviously each person will sell for more so the 10% will become more valuable.
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Instead of making (say …) artwork “rare,” and hoping that every successive person will find it to be “more valuable” than the one before, I would try to sell one million copies of it for $1.00 (USD) apiece, with the proviso that I get a nickel in royalties. At the end of the day, I will have one million nickels in my pocket.
Each and every time you “put a quarter in the jukebox,” the artist got paid a few pennies out of that (physical … legal tender) coin. Some artists made great fortunes a few pennies at a time – and, every time their songs are played today, they still do.
Kindly notice that you are being asked for legal tender “fees.” The casino never cares if you win or lose. They only want the slot-machines to continue turning and for the cards to continue being dealt.
Thank you for explaining.
I started minting (whatever that means) my renders… at least they are parked now. Not planing on auctioning them off as I am not having access to Ethereum and I am not interested in paying that ridiculous expensive “Gas” (wtf?) fee. Wouldn’t make any sense right now anyway, it’s not like I have any social meaning, lol.
In case anyone out there is struggling with getting their artwork “minted” or into the blockchain use: OpenSea.io http://opensea.io … they don;t charge for minting/uploading, only for the attempt to auctioning it off.
That “Gas (wtf?) fee” is actually what the entire thing is “about,” and you are quite right to say … "(WTF?)".
If a whole lot more people like you had reached that same conclusion by now, “those tulips” would have long ago turned back into … pretty flowers.
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Should I take my 1999 copyrighted characters registred from the Library of Congress and “mint” the documents for NFT?
That should be enough of a proof for a “historical” document and written to the block chain.
So seeing it backwards: I can START registering my own documents on the blochain minted…but wait, it’s a frikken .JSON file…
So, littlerally: W-T-F?
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Why is that important?
As long as you never try to turn your “stupendous riches” into actual cash, you can pay actual cash to someone to have them let you play around with Monopoly® money as long as you like. 
P. T. Barnum referred to them as “the two to take you.”
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In the time that this thread started and meandered around a bit, it seems the NFT bubble has already burst. The internets is a fickle beast, but not to worry, world governments/megacorps will soon sequester any and all freedoms that Sir Timothy John Berners-Lee gifted us…
See pogs, beanie babies, 99% of comic books and crap ton of other things that people “collected” for decades and eventually sold at a loss because they needed money or threw in the trash because they needed space and nobody wanted to buy them.
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In the US at least, the government has classified anything crypto as “Capital Gains” and therefore subject to taxation. The specter of Uncle Sam giving you a hefty bill is supposedly enough to act as a deterrent against any mining or speculation activities.
I know other governments have also been cracking down on anything whose transactions do not produce any kind of record (ie. can’t be tracked) unlike official currency. A lot of people want the craze to end because they want to upgrade their PC’s.
Was a great money spinner while it lasted, well at least for the very few. - sigh…
On the upside, when the craze does end, you will have a flood of very cheap GPUs on the market.
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Sounds too good to be true -_- something will go wrong with this
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Human greed can be a very powerful motivator for the gullible. This particular scam might now be petering out, but it probably made a lot of money for those who were selling the admission tickets. The time may now have come for them to walk out of the room, leaving the bag behind for their former customers to hold …
"There’s a sucker born every minute, and two to take him." – P. T. Barnum
And, one thing’s for very sure: the world isn’t going to run out of suckers anytime soon. Just tell people that they’re gonna get rich quick, and somebody is gonna fall for it. Hook, line, sinker.
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My personal favorite “P. T. Barnum Story” has to be: "The Amazing Egress."
As soon as you walked into his attraction’s tent, you saw signs: “This way to the Amazing Egress!” You quickly encountered a separate path and a sequence of ever-more tantalizing signs until you went through a door and … (no fair “Googling it!”) … discovered what “Egress” actually means.
It means: “Exit.”
You found yourself back outside, and in order to go in again you of course had to buy another ticket.
Naturally, that’s exactly what people did, and – maybe to hide the fact that they’d been hoodwinked – they told everybody else in line that the first thing they needed to see once they got inside the tent was: that “Amazing Egress!”
Just by understanding a little bit about human nature, Barnum fairly doubled his ticket sales.
Fun links:
• This one.
• And, this one.
• Okay, just one more. (The man had a lot of very wise things to say …)
So, how can we see that a bubble has burst?
An article that has “popped” about a week ago might be what you are looking for.
If you search “NFT price crash” you will find multiple sources talking about it
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