Can you imagine how helpful AI would have been in sequencing the human genome? Do you understand how it’s being used in hospitals today to identify cancerous cells? Do you know how helpful it is in language translation?
If you’re “tired” of it it’s because you don’t understand it.
NFT was the worst “tech” crap I have ever even heard about, like pure 100% total full scam. Kind of impressed that anyone could be so stupid they’d fall for it.
We got to use the word fungible a lot though, so that was cool
I always liked the response “go funge yourself.”
You know what? Fuck you!
Funges all your tokens
But it has no relation to fungi, which is not cool
You know, I’m something of a fun guy, myself.
I know people TODAY that collect limited release, hard to get into, exclusive NFTs. The grift is still grifting, but it’s hidden in the corners of the Internet.
The whole NFT/crypto currency thing is so incredibly frustrating. Like, being able to verify that a given file is unique could be very useful. Instead, we simply used the technology for scamming people.
I don’t think NFTs can do that either. Collections are copied to another contract address all the time. There isn’t a way to verify if there isn’t another copy of an NFT on the blockchain.
There isn’t a way to verify if there isn’t another copy of an NFT on the blockchain.
Incorrect. An NFT is tied to a particular token number at a particular address.
The URI the NFT points to may not be unique but NFT is unique.
The NFT is only unique within the contract address. The whole contract can be trivially copied to another contract address and the whole collection can be cloned. It’s why opensea has checkmarks for “verified” collections. There are a unofficial BoredApe collections which are copies of the original one.
Yes, the URI can point to the same monkey jpg. But a different contract address means it is a different NFT.
Completely agree, but the guy I responding to thinks the monkey jpeg is unique across the whole blockchain, when that isn’t true. The monkey jpeg can be copied. There’s no uniqueness enforced in a blockchain.
The key point is that the jpeg is not the NFT
Copying the info on another contract doesn’t mean it’s fungible, to verify ownership you would need the NFT and to check that it’s associated to the right contract.
Let’s say digital game ownership was confirmed via NFT, the launcher wouldn’t recognize the “same” NFT if it wasn’t linked to the right contract.
But you would need a centralized authority to say which one is the “right contract”. If a centralized authority is necessary in this case, then there is less benefit of using NFTs. It’s no longer a decentralized.
Yes and no, with the whole blockchain being public it’s pretty easy to figure out which contract is the original one.
Lets say you don’t have a central authority declaring one is official. How would you search the entire blockchain to verify you have the original NFT?
The NFT is useful with a central authority though, it’s used to confirm the ownership of digital goods ex: if it’s associated to digital games then the distributor knows which contract is the original since they created it in the first place…
Sure for bored apes pictures you copy the code and you go on a random websites and it can tell you the result of the mix of features based on the code, but on the original website it wouldn’t work.
I didn’t know this and it’s absolutely hilarious. Literally totally undermines the use of Blockchain to begin with.
No, it doesn’t, it just means that Non-Fungible Tokens are…
Fungible…
So, they’re FNFT? Or just T?
wouldn’t it be just FTs?
NFTs if anything are basically CryptoCurrency-based DRMs & we should always oppose DRMs
Good, now read it
NFTs are a row in a database.
They are not, in any way, DRM.
It’s crazy that people could see NFTs were a scam but can’t see the same concept in virtual coins.
I’m not defending other cryptocoins or anything, they might be a ponzy scheme or some other form. But in the end they at least only pretended to be that, a valuta. Which they are, even though they aren’t really used much like that. NFT’s on the otherhand promised things that were always just pure technical bullshit. And you had to be a complete idiot not to see it. So call it a double scam.
Because the pyramid scheme is still going strong with them, exactly because new victims are continually falling for them. NFTs lost their hype so quickly that the flow of new victims basically completely stopped, and so the bottom went out of them much faster.
because there are some buisness that accept some crypto, mostly grey or black market ones, but respectable companies none the less.
A large majority of “real” money is digital, like 80% non-m1 m2. The only real difference between crypto and USD is that the crypto is a public multiple ledger system that allows you to be your own bank.
I’ve heard the sales pitch, it’s a ponzi scheme with receipts. An open pyramid, so to speak. At best a volatile store of wealth.
Potentially volatile right, since who knows if/when various stablecoins might depeg
You’re not sold on the concept of money? I guess that fits right in on Lemmy.
So is fiat.
What do you mean with being your own bank? Can you receive deposits from customers? Are you allowed to lend a portion of the deposists onwards for business loans/mortgages? If not, you are not your “own bank”.
I think you mean that you can use it as a deposit for money, similar to, say, an old sock.
Banks have multiple ledgers to keep track of who owns what and where it all came from. They also use ancient fortran/cobol written IBM owned software to manage all bank to bank transactions, which is the barrier for entry.
Blockchain is literally a multiple ledger system. That is all it is. The protocol to send and recieve funds is open for all.
Locally stored BTC is when you’re the bank. For all the good and bad that comes with it.
That sounds super cool and stuff, but it has nothing to do with the essence of banking. Banks are businesses that take deposits for safekeeping and that provide credit. Banks in fact outdate Fortran by a 1000 years or so.
Oh, my apologies for not taking note of your 0.18% savings account interest rate.
It’s crazy that people see crypto as a scam but can’t see the same concept in fiat currencies.
Governments don’t accept cryptocurrencies for taxes. They’re not real currencies.
They don’t usually accept other nation’s currencies in general.
No, but for every real currency it’s accepted (and required) to pay taxes somewhere.
“Real currency” also gets created or destroyed by a government at whims. Anybody clutching their USD rn isn’t going to benefit in the long run.
I think a big part of the problem with NFT is that they are so abstract people don’t understand what they can and cannot do. Effectively, with NFT, you have people that hold a copy of a Spiderman comic in hand and believe they own all forms of spiderman.
Essentially, when you boil it down, you can turn this into “it’s provable that individual X has possession of NFT identifier x,y,z”. It’s kind of like how you can have the deed to a piece of property in your desk, but that doesn’t prevent 15 people from squatting on it.
It’s so abstract you can use it to fleece people. Even after 2 years of hype, people STILL do not understand them properly.
Essentially, when you boil it down, you can turn this into “it’s provable that individual X has possession of NFT identifier x,y,z”. It’s kind of like how you can have the deed to a piece of property in your desk, but that doesn’t prevent 15 people from squatting on it.
It isn’t even that. It’s is identifying which drawer in your desk the deed is placed, but there is no guarantee that the drawer contains the deed.
Now imagine trying to explain all this to the unwashed masses… it’s no wonder the explanation they got was “buy this, it’s going to the mooooon!!!”
But it’s totally legit brah, it’s just like trading cards but on a computer bro, you can make jay pegs totally unique bro, nobody else in the world can have the same image as you brah, it proves you’re the only owner of it bro, trust me bro it’s super secure and technological bruh
NFTs could have been great, if they had been used FOR the consumer, and not to scam them.
Best thing I can think of is to verify licenses for digital products/games. Buy a game, verify you own it like you would with a CD using an NFT, and then you can sell it again when you’re done.
Do this with serious stuff like AAA Games or Professional Software (think like borrowing a copy of Photoshop from an online library for a few days while you work on a project!) instead of monkey pictures and you could have the best of both worlds for buying physical vs buying online.
However, that might make corporations less money and completely upend modern licencing models, so no one was willing to do it.
There is nothing you mentioned which couldn’t already be done, and is in fact already being done, faster and more reliably by existing technology.
Also that was not even what NFTs was about, because you didn’t even buy the digital artwork and NFTs would never be able to include it. So it would be supremely useless for the thing you are talking about.
Existing solutions are always centralized.
I think there’s a technical hurdle here. There’s no reliable way to enforce unique access to an NFT. Anyone with access to the wallet’s private key (or seed phrase) can use the NFT, meaning two or more people could easily share a game or software license just by sharing credentials. That kind of undermines the licensing control in a system like this.
two or more people could easily share a game or software license just by sharing credentials
So like disks? Before everything started checking hwids. Just like the comment said, it would make corporations less money so they wouldn’t do it.
Well, that’s the point. In order for that system to work as described, you would need some kind of centralized authority to validate and enforce it. Once you’ve introduced that piece, there’s no point using NFTs anymore - you can just use any kind of simpler and more efficient key/authentication mechanism.
So even if the corporations wanted to use such a system (which, to your point, they do not), it still wouldn’t make sense to use NFTs for it.
Blockchain with a central authority.
Yeah IDK…
Exactly. That’s why it’s so pointless.
I mean, the same goes for a login. People share Steam accounts too.
If said Photoshop had a nft licensing service, it could’ve stayed online for longer. Legit old versions of Adobe software that had one-time purchase licenses can’t be activated anymore due to servers being brought down. And that’s how they want it while pushing subscriptions for 10+ years.
The exact same thing would have happened with an NFT licensing service. They would still link to obsolete servers. The problem is not a problem which NFT would solve, the problem is the problem of obsolete servers, which are very easy for adobe to fix without any useless NFT technology, if they really wanted to (but of course they don’t)
Trying to find any application for NFT, I came to the conclusion that it would work IF you and me could be the servers there, having a copy of blockchain and verifying validity of keys until we get bored and quit that. It would target one particular issue - cantralized validation on Adobe side. It’d be inefficient and all, but it may deny them some power over usage of their legitly purchased product.
Sure, but what do they get for using that system and giving up control? If they don’t agree to use it then it’s an illegal copy and you might as well pirate it.
The issue is this doesn’t solve a problem that isn’t already solved. One of the big arguments I always heard was an example using skins from games that can be transfered to other games. We can already do that! Just look at the Steam marketplace for an example. You just need the server infrastructure to do it. Sure, NFTs could make it so the company doesn’t control the market, but what benefit do they get for using NFTs and distributing the software then?
99.9% of the use cases were solutions looking for a problem. I could see a use for something like deeds or other documents, but that’s about it.
Yeah, Sort of.
Don’t get me wrong, I’m not a huge fan of NFTs and do think there’s easier ways, but I would agree that taking market control away from the companies owning it would kind of be the point (but I do think you can probably still do this concept without any NFTs).
Sure, steam could allow game trading right now with no need for NFTs whatsoever, but the point would be that I can trade a game I bought through Xbox, to someone on Steam, and then go buy something on the Epic store with the money.
And all of it without some crazy fee from the involved platforms.
But that also would probably still require government intervention to force companies to accept this. Because, again, none of the companies would actually want this. NTF or not that doesn’t change.
Yeah, it only works if they agree to honor it, which they have no obligation to do. If the government wants to step in and force them to, there’s still no need for NFTs. There could just be a central authority that the government controls that handles it. Why would NFTs need to be involved? NFTs are only as useful as the weakest point in the chain. As soon as whatever authority (the government, Steam, whatever) stops working or stops honoring it then it’s useless.
The technology is not a scam. The tech was used to make scam products.
NFTs can be useful as tickets, vouchers, certificates of authenticity, proof of ownership of something that is actually real (not a jpeg), etc.
NFT’s are a scam. Blockchain less so but still has no use.
NFTs were nothing but an URL saved in a decentralized database, linking to a centralized server.
That implementation of NFTs was a total scam, yes. There are some cool potential applications for NFTs … but mostly it was a solution looking for a problem. Even situations where it could be useful - like tracking ownership of things like concert tickets - weren’t going to fly, because the companies don’t want to relinquish control of the second-hand marketplace. They don’t get their cut that way.
But where specifically does it help to not have approved central servers?
Wouldn’t entertainment venues rather retain full control? How would we get out from under Ticketmaster’s monopoly? If the government can just seize property, then why would we ask anyone else who owns a plot of land?
Wouldn’t entertainment venues rather retain full control?
Pretty sure ticketmaster has all the control.
How would we get out from under Ticketmaster’s monopoly?
Using a decentralized and open network (aka NFTs).
If the government can just seize property, then why would we ask anyone else who owns a plot of land?
It’s not about using NFTs to seize land. It’s more that governments are terrible at keeping records. Moving proof of ownership to an open and decentralized network could be an improvement.
FWIW I think capitalism with destroy the planet with or without NFTs. But it’s fairly obtuse to deny that NFTs could disintermediate a variety of centralized cartels.
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I think they’ll be on this for a while, since unlike NFTs this is actually useful tech. (Though not in every field yet, certainly.)
There are going to be some sub-fads related to GPUs and AI that the tech industry will jump on next. All this is speculation:
- Floating point operations will be replaced by highly-quantized integer math, which is much faster and more efficient, and almost as accurate. There will be some buzzword like “quantization” that will be thrown out to the general public. Recall “blast processing” for the Sega. It will be the downfall of NVIDIA, and for a few months the reduced power consumption will cause AI companies to clamor over being green.
- (The marketing of) personal AI assistants (to help with everyday tasks, rather than just queries and media generation) will become huge; this scenario predicts 2026 or so.
- You can bet that tech will find ways to deprive us of ownership over our devices and software; hard drives will get smaller to force users to use the cloud more. (This will have another buzzword.)
Another banger from lemmites
Mate, you can use AI for porn
If literally -nothing- else can convince you, just the fact that it’s an automated goon machine should tell you that we are not going to live this one down as easily as shit like NFTs
what if, and hear me out… you combine both and use ai porn to get nft
My biggest frustration is how confidently arrogant they are about it
AI is literally the biggest problem technology has ever created and almost no one even realizes it yet
what if we made porn NFTs? 😳
you’re about 5 years too late
Excuse me, I’ll make it more clear now by adding an addendum to my original comment: /j
ai porn is all trash tho.
If someone on pawb.social is saying it, I’ll trust them for sure
Yet it will only improve with time
Imagine your fursona getting freaky with your waifu without having to commission them. And having infinite different ones come up.
waifu
you completely lost me here.
Has anyone actually jerked off to AI porn? No shaming but for me there’s this fundamental emptiness to it. Like it can’t impress me because it’s exactly like what you expected it to be.
Mate, you can use AI for porn
A classic scarce resource on the internet. Why pick through a catalog of porn that you could watch 24/7 for decades on end, of every conceivable variation and intersection and fetish, when you can type in “Please show me naked boobies” into Grok and get back some poorly rendered half-hallucinated partially out of frame nipple?
just the fact that it’s an automated goon machine should tell you that we are not going to live this one down
The computer was already an automated goon machine. This is yet one more example of AI spending billions of dollars yet adding nothing of value.
Not that I disagree with you on how idiotic it is, but with AI you can give it very precise requirements on what you want to see.
There are people who would pay to have porn videos created to their taste. User fuckswithducks on reddit explained this a few years ago. Now people who have such extremely specific desires don’t have to shell out thousands for a private video from their favorite star.
Not that I disagree with you on how idiotic it is, but with AI you can give it very precise requirements on what you want to see.
Which brings up ethical issues that the techbros seem to handwave away.
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To be clear, u/fuckswithducks had a rubber duck fetish, so no actual ducks were involved in that specific case. Though I get your point.
with AI you can give it very precise requirements on what you want to see
Setting aside the fact that you could do this already with a sufficiently well-tagged library of traditional pornography, you’re neglecting two big caveats
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People’s porn tastes are so rarified that they need exacting specifications in order to enjoy it
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AI consistently and faithfully delivers on queries, rather than pumping out a bunch of vague approximations full of uncanny valley graphical artifacts
There are people who would pay to have porn videos created to their taste.
And they can already do that with Cam Girls, for infinitesimally less than it costs to run a high end AI model.
Now people who have such extremely specific desires don’t have to shell out thousands for a private video from their favorite star.
https://en.wikipedia.org/wiki/Veblen_good
The high price is what makes the luxury good appealing. If everyone can get it, then it isn’t what a handful of high rollers are after.
The real “money in AI porn” isn’t reshuffled budget-tier bulk content. It’s the promise of exclusive ultra-high-end luxury taboo. And the end of that road is just the porn version of Star Citizen. Someone who has baited a bunch of 4chan stogies with more money than sense into putting up $40k for the opportunity to have a five-way with Leia Oregon, Jessica Rabbit, and Rhea Ripley in six months to a year, once we’ve tuned the prompt just right.
But that’s not any kind of industry. It’s just scams.
The running cost of the AI model is shared between users. cam girl donations - technically also, but if too many people donate, you get less attention personally.
Personally I’m just going to keep on watching free porn. The gambling ads at least pay out to real people instead of fossil fuel companies.
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Synthetic biology. This is a hype wave waiting to happen. Can’t wait for crops to get enshittified /s Hopefully we move beyond the Sillicon Valley business model by then.
You might be waiting a long time, friend. NFTs were truly useless (besides ripping people off). AI actually has its uses and isn’t totally worthless.
Some companies are trying to do it right, looking at DaVinci Resolve’s new beta they’re trying hard to implement it in ways that leaves you in control but reduce the grind.
I don’t think it’s going to be like that :(
I think we are lucky that the NFT passed, I wasn’t betting on it.
VR and AR will get a second run once the UX is improved and power to run it becomes small and cheap enough. Quantum computing is around the corner.
Quantum computing has been around the corner for years already. Some time after the crypto boom of 2017/18 you could read articles about how crypto was going to be dead by 2025 because of quantum computers hacking the block chain with ease. Still waiting for that one.
I think that happened to many technologies that became mainstream. Also, op is about what the tech bros will jump on, so it doesn’t have to be widely useful, for example blockchain is still pretty niche.
Oh, it’s gonna be so much worse. NFTs mostly just ruined sad crypto bros who were dumb enough to buy a picture of an ape. Companies are investing heavily in generative AI projects without establishing a proper use case or even its basic efficacy. ChatGPTs newest iterations are getting worse; no one has a solution to hallucinations; the energy costs are astronomical; the entire process relies on plagiarism and copyright infringement, and even if you get by all of that, consumers hate it. AI ads are met derision or revulsion, and AI customer service is universally despised.
This isn’t like NFTs. It’s more like Facebook and VR. Sure, VR has its uses, but investing heavily in unnecessary and unwanted VR tools cost Facebook billions. The difference is that when this bubble bursts, instead of just hitting Facebook, this is going to hit every single tech company.
You do realize nfts were capable of so much more than pictures but because that was the lowest effort use case that’s what the scammers started with, right?
Of course not, you just like shitting on things other people designate as safe to shit on
Yeah, I heard about most of the supposed uses in the 10 paragraphs you wrote. Anyway, since none of those came to pass, and instead a bunch or people went bankrupt buying pictures of monkeys, I’d say the usefulness of NFTs has been determined.
You know, when reddit first started, no one minded long replies, in fact they were considered a mark of excellence and understanding. Long, accurate replies were almost always the top comment in non-meme subs.
Then smart phones became popular and every idiot gained access to the web
Suddenly, around 2012, you started seeing comments disparaging long replies as being ‘nerdy’ or ‘tryhard’. On FUCKING reddit, the HOME of the nerds!
It was a real emotional whiplash to me for a place that once welcomed detailed discussion to start mocking users for creating quality reply content
That’s when I realized the internet was fucked because of people like you.
You know, when reddit first started, no one minded long replies, in fact they were considered a mark of excellence and understanding.
First of all, thank you for this. It is quite possibly the funniest sentence I’ve ever read on the internet, and I will be laughing at it for the rest of the day. The gamatical errors really give it an extra layer. Absolute perfection.
Second, quantity isn’t quality, especially when it comes to writing. If it was, editor wouldn’t be a job. The length of your comment doesn’t change the fact that it is mostly pro-NFT arguments I heard in 2023, none of which materialized. Oh, NFTs could give you instant access to an apartment? That’s super helpful in a world where lockboxes don’t exist!
Finally, despite your assumption, I don’t actually think long comments are bad; I just left a very long comment to someone who said something that was actually interesting. You also assumed I was insulting NFTs because I, “just like shitting on things other people designate as safe to shit on.” But I actually didn’t insult NFTs, I just pointed out that it bankrupted a bunch of crypto-bros. Which isn’t an opinion, its just a thing that happened. If you want to know what I actually think of NFTs, I answered that when I replied to the more interesting commenter. You’re welcome to go read it instead of making incorrect assumptions.
Anyway, if you don’t like the quality of the replies you’re getting, maybe consider the quality of the comments you’re leaving. Maybe you shouldn’t expect someone to listen to you or engage with you in good faith when you start off by insulting them. Maybe the problem is you, not everyone else.
yeah if only the scammers could utilize the full potential of nfts lol
Why would they? They found a low energy and resource thing and never bothered looking deeper, just like all of you.
Here are some legit NFT use cases I posted earlier
hit every single tech company.
and institutional investors who steward pleb money… so its going hurt real.
It so bad and its so pervasive. The only thing I can even equate it to is a forced meme.
Everyone I know shuts off AI features on their software, yet they keep adding it to more and more software. It’s like the exact opposite of supply and demand.
My favorite was the security tools with their new AI data protection features. “We scan your data and put it in AI to keep it safe from AI!”
Hey, A1 is great so long as you have it on the right dish. I dunno that I’d call it a “hype train” either, because it’s been around for years!
/s
These are amazing years to take notes on who is saying “this will disappear” or “this will be the future” and making sure to stop listening those who assured something as certain and that did not end up happening.
The 3d tvs were quick to die compared to this.
I really wish we could retire the phrase “tech bro”.
It actively alienates allies that we desperately need.
The average techie does NOT fit the mold of “tech bro”.
They tend to be very liberal https://results.enr.clarityelections.com/CA/Santa_Clara/122582/web.345435/#/summary They tend to be more LGBTQ friendly than most industries https://www.spiceworks.com/hr/diversity-inclusion/guest-article/top-lgbtq-friendly-industries-in-the-us/There’s a loud minority of tech leaders who qualify as “tech bros” and they’re not representative of the industry. https://www.latimes.com/opinion/story/2025-02-20/california-silicon-valley-andreessen-zuckerberg-musk-donald-trump
If we continue to lump that large majority of nerds in with that group; at best we’re wasting time yelling at allies, at worst we’re driving them to the other side.
The average techie does NOT fit the mold of “tech bro”.
Largely because Techies actually understand technology while Tech Bros mostly just know how to repeat something they half heard on Joe Rogan in the middle of a sales call.
If we continue to lump that large majority of nerds in with that group;
Bros, traditionally speaking, aren’t considered nerds. They’re more often thrown in with jocks.
Tech bro is the specific subset tho
It’s an annoying subset of people in tech.
They’re usually quick on the latest fads and buzzwords. They pose themselves as technical innovators, when they’re not really innovating anything. They’re just chasing trends and hope they can make some quick money while the hype is still strong. Technical skill is optional.
You often find these in LinkedIn.
AI is here to stay but I can’t wait to see it get past the point where every app has to have their own AI shoehorned in regardless of what the app is. Sick of it.
