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pretty good video. can't believe i watched it all... but i did.
and i find that more and more, the people pushing this bullshit have no idea what it actually is/does.
and i find that more and more, the people pushing this bullshit have no idea what it actually is/does.
Yeah no way drug dealers are using this to wash money. I still find it rediculos that people would pay that much for basically a tracked jpeg.Is it just me or are these things just massive money laundering items that people have realised they can scam with?
On top of that all the energy used to track it.Yeah no way drug dealers are using this to wash money. I still find it rediculos that people would pay that much for basically a tracked jpeg.
No. Theyre digital images the owner doesnt have copyright claim on. Ownership of the image is logged on the blockchain and the image value is tied to a communal pool of investment money called a DAO.
In my line of work i run into a consistent amount of wealthy individuals. Years ago i was at a investment summit. It had countless high profile CEO's and startups looking for cash infusions. One year in particular VR dominated all topics. As a gamer i knew the facts being presented were false. Entire event i was holding back laughter for how ridiculous the statements being made were. Was obvious they had zero understanding of the space. While the limitations of the technology is decades away from mass consumer usage.
These corporate NFT pushers are the same individuals.
No. Theyre digital images the owner doesnt have copyright claim on. Ownership of the image is logged on the blockchain and the image value is tied to a communal pool of investment money called a DAO.
Valve co-founder and president Gaben has 'banned NFTs from Steam Due to Sketchy Behavior and Out of Control Fraud'.
Valve has already taken a stance on NFTs and cryptocurrency being allowed on Steam, blocking games that feature blockchain technology. President and co-founder Gabe Newell has now explained the reasoning behind the decision, saying that the biggest issues were the volatility of cryptocurrency and the bad actors behind NFTs.
(...)
"The people in the space, though, tend to be involved in a lot of criminal activity and a lot of sketchy behaviors," he said. "So it's much more about the actors than it is about the underlying technology."
He further explains that these people aren't the kind Valve wants to do business with. To him, the space is filled with people who use NFTs as an opportunity to rip customers off or engage in money laundering.
Full read from IGN Nordic here