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This is a really good post.
Iām not sure if there are any other new people just getting into this, but Iām up to chat with anyone in here whoās getting into this stuff.
Just got my Coinbase account set up. Now to see if my bank will let me transfer in some cashā¦
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Iām crypto-curious. I set up a coinbase account to get $200 onto Ignition poker and have run it up to $4200. Would be willing to watch up to $2K get vaped in the crypto market.
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I know this is 2 hours but it is so well done and a great video about the current state of NFTs.
The Problem With NFTs https://www.youtube.com/watch?v=YQ_xWvX1n9g
Should probably be said that itās a particularly precarious and uncertain time to buy into crypto at the moment, thereās been a lot of gloom and bearish sentiment in both the Discord and crypto Twitter over the last few days. Much depends on what happens with stonks. I believe some people in the Discord hold short positions on BTC/ETH, personally I would probably liquidate some BTC if I could, but I have a limited amount that I have held long enough to get CGT discount, and as I sell that Iām converting it to ETH to play around with NFTs. So Iām a bit bearish, but clearly not THAT bearish. All that said, line go up, line go down, you canāt explain that.
Itās been posted a couple times already. Itād be nice if somebody could do like an executive summary or something, because thereās not a chance in hell Iām watching a 2 hour uToob.
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lol, time to rename the thread, it seems.
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My basic premise was that this stuff would always moon during the pandemic, but the pandemic has peaked a few more times than expected.
Iām usually not one to watch 2 hour youTubes but I did watch this one and he doesnāt waffle and packs a lot into those 2 hours so it would take a non trivial effort to summarise it fairly.
He breaks it into multi chapters so there are natural break points and he has an easy style so it isnāt a slog.
i tried too and i started getting bummed out like āomg this guy wasted several hours of his life making a video about why someone elseās hobby sucksā. but at least heās got something going on, idk if he makes a career out of making videos about topics he does superficial research on, so if heās looking for videos to make i guess this is a topic. but really what bums me out is the thought that regular people are wasting 2 hours of their lives WATCHING this video about why someone elseās hobby sucks. like who does this? do people watch a video by a guy who just learned about golf telling them why golf is horrible? is that what the world outside of the discord is doing now?
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the sad TRUTH about swiss-made wristwatches [youtube] 1:55:20
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lol.
Thereās your summary ZZ - itās about how someone elseās hobby sucks.
I didnāt mean for my post to come across as shitting on the Discord BTW. I am just an idiot on the subject. I thought his video was well researched and had some valid points. Iām sure he has a bias, but it all seemed well thought out and put together.
I tried to watch this when it was first posted and made it about 15 minutes in. The guy is a NFT mega hater (literally the first few sentences out of his mouth might be a bit of a tip off) and manages to find some problematic aspects of it! No way!
iām sure it does if you donāt know anything about the topic, he seems really thorough except for when he casually throws out stuff like, ābtw thereās no actual use for crypto at allā. but iām just thinking like, what are you gonna do with this information now? now that youāre fully educated about why bayc and nfts and crypto are all a big scam. itās the same shit we fell for for 5 years with trump, like heās doing illegal shit and theyāre gonna get him. āhe canāt get away with that!ā remember we used to waste our days away thinking shit like that? not me. not anymore. iām out there having fun in our stupid world. yeah itās stupid, so what? fuckin enjoy life. itās possible, find another hobby and itās possible. rn so many peopleās hobby is doomscrolling. bad news so they gotta read every angle of possible takes on this bad news bad bad bad blah blah blah. my twitter feed is just joy and fun cartoons. āoh thatās niceā is my most common reaction to twitter now.
i feel like i broke out of a bad cycle thinking about current events in america. americaās done, and iām over it. so even though iām sure the vast majority of people who chose to start watching that video were already angry about NFTs and crypto for whatever reason and they wanted their viewpoint supported, iām bummed out that someone neutral to nfts/crypto would watch it and not change their lives for the better. i know probably a dozen people all from this site weāre posting on now, whose lives were made better through crypto/nfts. my life has been made better through crypto/nfts.
rolex manufactures a limited edition watch. who would watch a video describing how itās artificial scarcity and they could make a ton more watches if they wanted? and a ton of rolex owners are jerks? so what? donāt buy one, then
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Two hour YouTubes are amazing if they are EDM mixes tbf
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People should get into NFTs if it sounds like the kind of thing they would enjoy, they should not get into it if it doesnāt appeal to them and they are just jelly about others making $$$.
Maybe the best analogies are just the most direct ones, trading cards and games with a prize element?
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Watched on 2x speed and skipped in 15-30s increments. None of his points are interesting. 100% focus on all of the ābadā aspects of NFTs/Crypto that we all know about and simply donāt care. Is the space full of scammers and stupid shit? Absolutely. Are there improvements that can be made to blockchains? Absolutely.
ngmi
Genius take here; I guess every asset class ever is a scam then.
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Bernie Madoff traded stocks therefore all stocks are scams. Also that Milken guy. Scam scam scam.
One of the reasons I refuse to watch argumentative YooToobz longer than like 5 minutes is that itās a massive barrier to entry to commenting on or refuting the content. Like if I know what Iām talking about on the subject then Iām definitely not going to commit the time to watch it, and I expect itās the same for anyone else well versed and with an opposite viewpoint. Meaning that if Iām still learning about the subject, there might be refutations and alternative viewpoints of which Iām simply unaware. If I read articles, I can then go read commentary and discussion of them. Or I can quote paragraphs of them and just go ask people on Reddit or wherever. There is never any oppositional commentary on Bret Weinstein podcasts, for example, because nobody who isnāt a Weinstein fan listens to them.
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