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In this video we go over non fungible tokens or NFTs.
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Follow us on TikTok: https://www.tiktok.com/ @wall_street_millennial?lang=en
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In this video we go over non fungible tokens or NFTs.
#WallStreetMillenial
Music courtesy of:
––––––––––––––––––––––––––––––
Buddha by Kontekst https://soundcloud.com/kontekstmusic
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: http://bit.ly/2Pe7mBN
Music promoted by Audio Library https://youtu.be/b6jK2t3lcRs
––––––––––––––––––––––––––––––
If you ever see a scam comment, reply with this to warn others:
🚨 SCAM ALERT 🚨
Thank you. I'll stick to cash. 👍
How much are they worth if the power goes out and you can’t access them? Lol…not the place I’m going to park any money
It's the same as burning money; it's not totally useless. You can light up a fireplace but good luck selling the ashes afterwards.
I think that NFT's are going to be massive, but not for overpriced memes/videos/pictures. I think the number 1 potential use would be in stock, NFTs would be immune to naked shorting and so many other shady manipulation.
Is this modern day Tulip Mania?
I think it's a way to avoid taxes by causing hype that drives up prices on assets you can donate that are actually useless unless sold. The new beanie baby under the guise of empowering artists, while those with real wealth can preserve theirs.
Who's buying this garbage
I’m pretty certain the biggest use case these NFTs will have in the future is making it ridiculously easy for the super wealthy to launder money. It’s like selling art for any kind of price as a means of disguising payment, just way quicker, easier and even harder for government to keep track of.
Fad. I understand digital economies but not the the scale people are paying right now lol
good way to launder money, and maybe sell memes?
If it's unique and can't be copied, it will sell. No matter what it is.
Basically your buying placebo. Don't even think you need blockchain for this you can use hashing for this.
NFT just sold at Christies for 60m+
if they would have a "perpetual" system for these then it can actually be a new way to "collect"
just imagine a pedestal and you can an USB to display your NFT (lol)
however, if there would be no perpetuity for the same it would just be a fad.
"the uniqueness leads to scarcity" -> "he made 3,000 NFTs out of his original artwork".
In essence – people copy-paste their stuff into a program to put a unique 'number' on it and other people value that higher than the original …
The people buying this is the same people who spend thousands a month on OnlyFans
How do I short this fad?
Great explanation video. But over all what i understand is that some people have to much money 😅
They just another avenue to disappoint humanity with, especially in the case of the Logal Paul random images being hocked to people.
SPACs…NFT…1.9trillion…BOOM
BOOOOOOOOM
I understand the idea/concept but still is kinda stupid… whats next NFT of a NFT lol ?
How to get exposed to NFT on Robinhood?
World has gone mad
Love your channel constantly different content and helping me learn
I guess it was bound to go to this. I'm sure the test marketing for packs of toenail and fingernail clippings didn't go over well with the degenerate Sports card collectors.
Jacks skin is looking adrenofresh!
You ever heard of block duelers $bdt? Beta launch of the card game launching soon (1 week)
A fool and their money will always be parted
Imagine NFTs in video games. EA and Activision executives having boners right now
i wonder how the 'mining' works and if it's possible to catch up with the chain by brute force? if you make a nft on a pc, it won't take long to catch up if you have a few servers at your disposal.
Someone sell a NFT of a screenshot of the first tweet hehehe
Love your work! More proofs that you 'Mericans are getting too damn fucking rich lmao ain't no got other place to spend those extra cash i see