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Keanu Reeves Thinks NFTs Are a Joke
- joelbondurant 5y agoObviously hyperlinks to AWS S3 on Dogecoin is the future of home ownership.
- heybecker 5y agoThere is no spoon. Just a hash of a jpeg of a spoon on a blockchain.
- tommica 5y agoSometimes it's just a link to an image! So if the server goes bye-bye, then you have no spoon!
- skinnymuch 5y agoI was under the impression it is always a hyperlink.
- Bombthecat 5y agoI don't get it either. I understand that there are legit use cases for nfts.. But this stuff is insane.. Links to pictures selling for thousands of dollars.. Sometimes i think im just too stupid and maybe its just a new generation and instead of spending thousands of dollar for Gucci it goes to nfts..
- slmjkdbtl 5y agoIt's genius in the way that it's a once in a life time opportunity for cash grab, there are tons of people willingly waiting to be exploited to buy your make-believe scarcity, you just need a good story not even a good product.
- djohnston 5y agoAt least NFTs have a lower environmental cost than luxury goods.
- chheplo 5y agoAt least you can use the goods for something
- nwah1 5y agoNo, there are not legit uses. It is for money laundering. The speculation is a side show. Although the speculation isn't legit either.
- deleted 5y ago[deleted]
- zzzbra 5y agounderrated reply
- 1cvmask 5y agoEt tu Keanu… From the man who starred in the metaverse movie The Matrix. Then again Caesar never saw it coming from Brutus.
- skinnymuch 5y agoThe new Matrix is coming out in 10 days
- kamray23 5y agoyou do realise the matrix is a horrible dystopia in which all of humanity is enslaved and deceived, though probably not the best comparison to make
- hresvelgr 5y agoI think NFTs are fine. If you don't like the culture, don't buy in. My gripe is that the majority being sold are tasteless. I don't think NFTs have a bad name because of what they are, they have a bad name because they perfectly encapsulate our materialistic culture and have the corresponding societal malaise that comes with it. So if you want to cast a stone, I would look inward first, because we all play a part in how our culture mutates.
- vimacs2 5y agoThey're "fine" to the extent that the vacuum is fine - they are complete non-entities with zero worth beyond what grifters and idiots attribute to them. I will cast a hail of stones on the concept of copyright gone (even more) batshit insane with absolutely no hesitation.
- hresvelgr 5y ago> I will cast a hail of stones on the concept of copyright gone (even more) batshit insane with absolutely no hesitation. I dislike DRM as much as the next guy, but DRM had pirates, and NFTs have right-clickers. The problem with DRM, particularly on games, is that it restricted access. Most NFTs are still just images and basic media and don't have any impediments to distribution. I think someone getting sued because they used someone's NFT as a twitter DP will probably happen. What comes of that will be interesting to say the least. edit: oxymoron correction
- 0xcde4c3db 5y agoDo most NFTs even actually claim to represent a legally actionable copyright transfer or license, or is that all implied? I was under the impression that it was the latter.
- hresvelgr 5y agoMy impression is that it's just provable ownership. Although they could probably encode copyright semantics, I suspect it's largely all implied.
- winddude 5y agoNFTs are technically good, with strong fundamentals, and real world applications, the same way ICOs were. But the way they are used has been absolute shit, and nothing sort of utterly useless.
- deleted 5y ago[deleted]
- lelanthran 5y ago> NFTs are technically good, with strong fundamentals, and real world applications, the same way ICOs were. But the way they are used has been absolute shit, and nothing sort of utterly useless. I keep thinking that all the use-cases for NFT's can be replaced with current digital certificate signing. Transferring something only needs signing with the private key, right? What are the real-world use-cases for NFT that simple and existing PGP signing won't work for?
- gorgoiler 5y agoYou don’t even need that level of technology. If I bought an NFT of someone’s cat all they’d need to do is tweet that I did so, from their blue ticked alt.
- kamray23 5y agoNFTs are smart contracts and as such come with automatically enforced terms. You can create a token which expires, useful for licensing. You can create a token which pays royalties to an artist with every sale. You can create smart financial instruments which are technically NFTs and which skip the regulation put on the financial industry to perform more risky investments, and even automate functions like profit sharing or paying off a bond. You can even develop various semi-fungible tokens that do all these things! You can't do that with PGP. You'd need to run a bank to get most of that and some of that is illegal on a global level so even as a bank you'd have to dip outside the law. These are the real uses of NFTs, not artificial scarcity magic internet tokens associated with procedurally generated soulless art from templates made in paint over 5 minutes.
- hermitsings 5y agoWell they are. Hyperfinancialization of replicative-stuff-made-unique-by-algorithmic-randomization-and-blockchain-hash-using-computers.
- thoraway66 5y agoIf you don’t place a financial value in them, to me they’re like a domain name where this decipherable object always resides Money is ephemeral and the Fed seems to have no issue reproducing it It’s not like producing, storing, real currency has zero environmental impact, or banking computers use zero energy Nice guy bad actors are everywhere, I’ve pirated The Matrix every time I want to watch it; never have paid to see it outside the original theater run. Whoa.
- RichardHeart 5y agoNFTs: Overpaying for serial numbers loosely related to jpgs which may or may not still be hosted on the internet.
- yenwel 5y agoI do think NFTs are a bubble now. By investors that think that one NFT is worth the same as the next one minted while it is just the exact pointe that they are not interchangeable. You don't get a piece unique with significant history attached. Mondriaan, Van Gogh and Monet were innovators now it is just a deep learning gan style trick. I do see the value of NFT in asset tracking of unique pieces to provide transparency, fairness and safety in supply chains.
- QuadrupleA 5y agoLike another commenter said, you can do the asset tracking with digital signatures (owner signs that they've handed it off) you don't need blockchain, mining farms burning a small countries' worth of electricity, etc.
- yenwel 5y agoif you ever worked at the bottom of a supply chain you would understand that there are currently major issues with gatekeepers levying high margins (note I grew up on a industrial farm). If a farmer could sell his product under a smart contract that garantueed a percentage of the transaction costs flowed back to him and end consumers would have greater transparency into the origin of its product their would be a nett societal benefit. Minig farms blablabla, you can use other proofs for verification (proof of stake) or scale it with zero knowledge proofs
- QuadrupleA 5y agoI don't know the specifics but most suppliers don't want to deal with the hassle of retail and marketing, so it makes sense for distribution / retail gatekeepers to charge a fee. And smart contracts aren't going to magically guarantee someone will buy your corn. Moreover, ETH transactions often run in the $100+ range now, mind-bogglingly expensive and inefficient. Those fees pay miners to waste electricity, hoard silicon, and scorch the earth. Ethereum has been switching to proof of stake "any day now" since it's inception 6 years ago. And even if they actually pull it off I don't see why staking $20k of crypto to participate is somehow better or more fair than spinning up a $4/month cloud VM to manage a 1000x more efficient, fast, and effective supply chain database with digital signatures. There's a lot of utopian handwavey BS around crypto, but it seems to be turning out like other magic utopian solutions in human history (gurus, communism, etc.). Wish people would divert this time and energy into things that actually benefit society.
- dartharva 5y agoProbably not the right place to comment this but man, it was amusing to see Carrie-Anne just sitting there smiling silently for so long, while Keanu and the interviewer go into long engaging dialogues about things she apparently has no idea about. An apt comment down below: >Carrie-Ann Moss is every parent listening to their child talk about their cool new hobby.
- Borrible 5y agoReeves seems to be an overall great guy, maybe he likes this: https://www.aljazeera.com/news/2021/12/12/malaysian-artists-earn-freedom-to-be-creative-with-nfts https://www.aljazeera.com/news/2021/12/12/malaysian-artists-... There is always a buck to be made by pleasing the mind. I think religion is a joke, who cares? What is value anyway?
- ggm 5y agoWe all knew he's a nice man: This shows he's also a smart man, and doesn't want to be part of a long con.
- errcorrectcode 5y agoThey should've been called TMAs - Throwing Money Away. If you can't trust the system that processes it, the durability of it, the exchanges, or it lacking any intrinsic liquidation value, then it's TMA.
- LinuxBender 5y agoI've heard a similar phrase in the antique trade, "Old stuff, found new money"
- williamtrask 5y agoAn old dresser is still often useful as a dresser.
- LinuxBender 5y agoIt is for sure. If the price matched "an old dresser" I would probably buy it too. If that old dresser costs $12k because it was made during the great depression then I will let someone else buy it.
- joshxyz 5y agoThanks based Neo.
- winternett 5y agoJust like as with social media, if you're popular, you stand to make some money at the possible loss of your credibility... But if you're a normal everyday Joe like me, it's like trading baseball cards... I don't know s*it about baseball, so I better not buy and trade them, and nothing I've got in my pocket has any value in that game. :\
- Slow_Hand 5y agoNothing against Keanu Reeves, but why is his opinion about NFTs worthwhile news to anyone? The story isn't inconveniencing me in any way, so I should let it go and move with my life, but I can't help but feel that stories of this nature are nothing more than noise; useless, trashy noise that clogs our minds and doesn't add value to anyone other than a magazine editor who needs to cover SOMETHING for engagement's sake, and possibly a PR team for an upcoming movie.
- QuadrupleA 5y agoI think any takedown of crypto and NFTs is a benefit to society at this point, so I welcome whoever is debunking it.
- asddubs 5y agosure, but you're also kind of setting the precedent that random famous people's opinion on things they have no expertise on matters, which probably isn't good for debunking things in the long run
- Apocryphon 5y agoIf you can't trust Johnny Silverhand, who can you trust?
- bellyfullofbac 5y agoI mean, the precedent has been there for a looong time, and grandparent commenter certainly didn't set it... As to the why, it's probably related to social status. In the old days people paid attention and listened to the people with status (who usually became leaders), nowadays with celebrity culture it's somehow inverted, a good looking person who can act or sing gets put on stage, and they get the attention (for singing, acting, or looking good), and they gain status.
- asddubs 5y agosure, but you can't really complain if people believe jenny mccarthy that vaccines cause autism if your counterargument is that keanu reeves said they don't. obviously we're not talking about vaccines right now, but I hope you can see my point
- darthrupert 5y agoKeanu Reeves Knows NFTs Are A Joke
- simonblack 5y agoAnd he's right.
- aquir 5y agoNot just him...NFTs are a new way to spend money for useless things. At the other day one of the good podcasts the guys bought a new title theme/song and he said: this is the NFT that you are listening to! So you bought an NFT and not a theme song??? Just calling things differently?
- awill88 5y agoIt’s irritating to constantly read so many articles devolve into attacks on the blockchain itself, indirectly blaming the proof of work algorithm and the amounts of energy it uses. It’s always the same theme, oh this stuff is silly, oh and it’s destroying our planet too, what a terrible thing. The tone comes off as we’re here to tear down a side effect of decentralized authenticity and once exposed as a sham, we’ll go ahead and attack the technology itself.. it’s frustrating is all and counterproductive if you ask me. FWIW, I think the value of NFTs are ridiculous but the idea is cool. It just sucks seeing tabloid bullshit driving discussions about a ingenious technology and what’s left is a bunch of thrashing comment threads expressing for or against, for or against.. gets old.
- kumarvvr 5y agoWhile I agree politically with the idea of a distributed ledger, this implementation (and I am sure a lot of thought has gone into design of distributed ledgers) of making computational complexity as a pre-condition to participate in the ledger is rightfully criticized. The world, overall does not benefit from using the blockchain, in any form, just for the energy consumed.
- awill88 5y agoHow else could you verify the ledger without computational power without the reliance on an authority? This is assuming that we are philosophically considering authority as undesirable for ledgers.. like I get it, proof of work at this point is kind of BS in the sense that it’s not accessible for the individual so it loses all its novelty in the libertarian sense.. energy just feels like a problem that is solved elsewhere, I don’t think we should be calling it wasteful if humanity is on the brink of fusion and newer cleaner sources of energy.. I dunno, scrutinizing energy consumption just seems like an easy target, too easy, like lazy.
- mmmeff 5y agoIota
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- LuisMondragon 5y agoThere is something worse than appeal to authority: appeal to non-authority.
- pictur 5y agonft is the most legit scam you will ever see in your life.