Topic: Am I the only one who loves BTC but hates the Metaverse idea and the NFTs? - page 3. (Read 707 times)

Without going into too much detail, metaverses can be seen as a normal computer game, such as Minecraft. It's just that there's been a hype and that's why metaverses are too popular. It's the same with NFT. History is repeating itself. There used to be a rush for ICOs, which then, if not scammed, lost 99% of their value. I think the same thing will happen to NFT in the future when owners of jpeg-monkeys, punks, penises and who knows what else will be left with nothing. But you have to hand it to the metaverses and NFT, thanks to them the crypto market is booming right now.  

We need to understand from where all these ideas of NFT and metaverse come from? First, we have the bitcoin and then all the altcoins came into existence and then we have stuff like metaverse and nfts. So if there was no blockchain, no bitcoin and there would be no such innovations. So i think that in a broader perspective everything is linked to bitcoin as a whole.

in this case it's not only you who don't like metaverse and NFT, but also many people and crypto developers are also less interested in it, because this seems like a fool in thinking common sense but this is the technological development of our world today which looks increasingly strange but also There are many fans of the current metaverse and NFT, which we consider to be people who are full of hallucinations, but not everyone who joins them enjoys the facilities spiritually, but some of them only use it to seek profit which is considered to have many profit opportunities in it.
I see this as people who sell UC on PUBG games and top up on other games, they look stupid to buyers but look smart to those who sell just for profit.
see in terms of benefits even though sometimes it looks strange.

For sure it's all about the hypes why a lot of people wants to spend their money by investing NFT's and metaverse wherein no other reason. because obviously nowadays you can really get massive returns only especially in just a short period of time if you will ride which is popular around the internet. So that what is happening right now, i mean no one wants to miss the opportunity when it comes NFT's and meta.

It's annoying that there is so much attention on NFT's and people who are uneducated about crypto automatically associate them with Bitcoin. People see millions of dollars being thrown around at some hideous monkey pictures and assume that anything having to do with cryptocurrency is scammy. I don't have the same visceral hatred towards NFTs as some other people, but I think the trend has gotten way out of hand and it would make me happy to see it come crashing down to some reasonable levels. I would rather see the money being put into NFTs be invested in something more worthwhile.

my worthless input;


The ORIGINAL metaverse was Star Wars Galaxies.  Period.   Anybody who knows what I speak of understands.  I am both a collector and a gamer.  I collect original movie posters up to the 70's, comics, toys, autos, movie props and art.

My initial impression of NFT's was -bullshit-  110%

So I decided to dump some eth on NFT's for the experience, to learn.  To test the waters sometimes costs, I don't mind paying to learn if I have to.   But my ass still hurts because of the eth gas fees.

Paying 50k for some shitty artwork of some dumbass monkey seemed ridiculous and moronic to me.   And I still feel the same.  This is because the artist was horrible at best.

I am also a musician, not professional because it meant so much to me that I made the decision very early on in life that I would rather gain confidence from my skills rather than monetize it.  Spread good energy at every gig I played.  And the fact is the best guitarist is probably 80 years old on the streets of Spain somewhere that never made a dime and nobody has ever heard of, and never will.  So I didn't want to corrupt something that gave me self worth through intense discipline and devotion for a paycheck.  What music does for me in my life gives me something that has no price tag, and can not be paid for.

So I jumped in as an experiment, not to invest bought some bullshit NFT's my son found. 

After buying a few I sent one to consolidate them all on one account to myself, and I was like damn I feel like I just moved some crypto to a different wallet.  And my outlook started to change for NFT's.  Fast forward a few months I bought Ghost Recon and got a few NFT drops on the Tezos chain while grinding my toon.   Worthless, no market, no volume, and press coverage saying it was an epic flop and they proclaimed gamers don't get it at all. 

Made me think if SWG had nft's I'd be a billionaire, easily.   Back then ebay allowed the sale of digital items, and a Krayt enhanced T21 rifle with a 50% damage slice (as long as the tissues were 190+) sold for 600 bucks, 200 million credits sold for 300 bucks.  It paved the way for the pay to win crap we see today.  And everyone that played SWG knew all the dumbass gamers that had no skill or drive to overcome or die, well, they played WOW.

I want to know who planted a toon named Satoshi Nakamoto outside Coronet on the Bloodfin server in the shopping area that never moved, never played and never spoke.  That's another topic.  The server shut down in 2011 but this occurred years before that by my estimates.  I was crypto illiterate back then, but I remember it because it was not far from my vendor and it was always there.  All day, every day.

So with all this being said, there is no fucking way I'm paying anything for some god damn gorilla picture.


However


NFT's do put the art back in the hands of the artist and cuts out the record labels, art galleries, publishers, Hollywood etc in the same way Btc renders the banksters irrelevant.   Like Kodak film, nobody hates it, we simply no longer need it.   And the fact that if I sell an NFT (be it art music or video) that I created, well I can make it so I get 4% of all future sales.  So if I sell it for 100 bucks and someone else sells it for 4 million, I get a cut, every time it sells.  This is extremely disruptive, which I love.  Blockchain redefines reality in this way.  It's a tool to stomp out the entities that have been mooching off others that actually have talent.  I admire the dumbass grilla NFT's ability to sell for millions and pave the way for real artists, but at the same time I want no part of it.


All this being said I agree with the previous posts that say the best cases for the NFT are the deed to a house or the title to a car.   The problem for artists is they can create beautiful things, make them into an nft- but they might have a difficult time advertising it because that costs money.   However I am looking into some sort of solution for this, via the correct social environment.   

So, I believe that NFT's have a future and I don't think we have even seen it's true potential yet.   But you can keep the ape.

Metaverse technology is good but NFT is totally Unnecessary . NFT just lost people huge money for collect Art , picture , video or something else . I also hate NFT like OP. Bitcoin is always good . and best digital currency. Which have better future and BTC is profitable digital asset

Wrong.

Since they claim to be decentralized and we know there is no regulations and law enforcement involved, they do NOT register ownership or anything like that, they only create illusion of it.
Any registry on any of these platforms could be duplicated multiple times on the same platform or other platforms. For example those selling "art NFT" can easily sell it more than once to more than one person on one or more token platform and there is absolutely nothing stopping them from doing so.

If we centralize this whole thing then there is no point in having the "token" and "blockchain technology" in first place, we already have centralized entities with their own databases that are doing a pretty good job at registering stuff.

No you are definitely not the only one. I don't see any value in both of these projects neither but some people probably do. And there are also some other people who want to make money from this even though they don't really like the idea. Just because you don't like something don't mean you can't profit from it.

I also have that perception, however, when evaluating many events that occurred in 2021, if we start to see the NFT games, the majority came out as scams, as ponzi models in execution, but if you are fundamentally right when you affirm that thanks to those NFTs and others people begin to see BTC, and they know that it has a very great value, obviously any person when they find out what BTC represents wants to own, even if it is a small part but wants to own it, this actually works as a possible adoption for those who have never heard or seen the BTC or BTC market.

I have read several articles and have a vague understanding of the metaverses, but I probably have no negative attitude towards them. I don't like the NFT idea, there is a lot of unnecessary rubbish and the majority understands this well. Metaverses have a right to exist, but this is just a temporary fad until something more interesting appears on the market.

too many people think metaverse means people need to use NFT as a currency. truth is, they dont
NFT is the land registry blockchain. to buy land you need ethereum

certain metaverse servers(virtual nations) have their own crypto tender (cryptocoin for that server) for the day to day currency
MANA: is the native cryptocurrency on Decentraland
SAND: is the native cryptocurrency on sandbox
AXS: is the native cryptocurrency for popular gaming platform Axie Infinity

there wont be a single currency like ether or bitcoin. each server (virtual nation) will decide what tender it wants to use
so infact the sooner bitcoiners get involved in starting up metaverse servers the sooner bitcoin can be accepted in metaverse

EG if there are 3 main servers using MANA, SAND, AXS, ETH.. but then bitcoiners set up 100 servers using btc, (popular servers worthy of using because they do something fun, interesting ofcourse) then bitcoin becomes the main currency, and people will get annoyed having to swap currencies, thus prefer to get the 3of 103 that dont use btc to start using it..
.. just an idea, well more like common sense approach

---

the best way to explain it
someone saying "i dont like metaverse because of NFT, why dont they use bitcoin"
is the same as saying "i dont like america because of US patent office(USPO), why dont they use $pound"
whereby it must be explained
metaverse does not use NFT as a currency, it uses it as a property register.. metaverse uses ETH or other crypto as currency
meaning america does not use USPO as a currency, it uses it as a property register.. america uses dollar or other fiats as currency

I'm yet to drive into the Metaverse; have read a few articles & got a little idea about it. I won't say I liked the idea or disliked but to be honest, I would appreciate any development which would make our life easier. I guess there are many people out there who either don't like Metaverse or have no interest to know about either; mostly I believe the bitcoin maximalists are of that sort.

Everyone has their own point of view, and it can't be forced to like someone else's point of view. Because every hobby or liking is a personal thing. NFT and Metaverse really don't make sense, let alone NFT with a price of thousands to hundreds of thousands of dollars. But for those who like it it is a wonderful thing and certainly has its own satisfaction, because they have used money for their personal pleasure.
Metaverse has also become a digital world which of course not everyone is happy. But many also like the metaverse world, a digital world where some people can express themselves freely and they can't in the real world.
Technology is advancing and of course there will be many more amazing and absurd things.

fixed that for you

NFT is like a property/patent ownership registry. it has a completely different purpose than bitcoin
NFT is not a threat to bitcoin

NFT's 'flow' blockchain protocol is PoS based so less secure and 0 cost in its creation/maintenance so not secure or valuable as a registry ledger on its own..

the requirement of ethereum to sell/buy NFT is the more threat, where people dont need bitcoin to buy/sell a NFT
.
metaverse is not a 'market' like a exchange(imagine forex) its a new market place(imagine ebay, but 3d),
but because metaverse is using NFT people will need to buy ethereum to buy nft. so bitcoin is not really needed in metaverse.
but that should not stop meta(facebook) from allowing fiat, btc, from being converted to eth.

imagine meta(facebook) becoming the paypal for metaverse(3d ebay).
metaverse(3d ebay) uses ethereum to buy/sell its listed products(nft listing)
meta(facebook) would/should accept many fiats and many crypto to convert to eth (paypal deposits many currencies to give 'paypal balance')

Anything that provides a utility is going to be useful.
Bitcoin is providing a valuable utility as the only decentralized money in human history so it is valuable and useful. Conversely tokens provide no utility in real world are their whole purpose is for gambling and scamming, so they have no value and no future. This is why they keep changing the name and disguising the same shit with different names (ICO > IEO > STO > DEFI > NFT > ...).

As for metaverse I don't think it is going to make people dumber, they are already dumb to begin with. The problem is somewhere else, these companies are just capitalizing on it.

I am not a hater of any, these platforms and projects are proof the market is developing and growing, so why stop it and limit it to bitcoin only? I mean, bitcoin is good, it's the father of all cryptocurrencies but we should not only stop from there as the more the market will grow the more it will be easier to adopt.

It would be a continous process or cycle on which if there is some sort of trend then it would just simply wither and die when the time comes and would be replaced by another trend or hype
in the market and if you've been here on this market then you have seen those several trends which had been started on ICO which i could say that some projects are really worth to invest
on since they do really have that kind of relevance in terms of usability and actual usage and not just focusing on something which cant really be
used after all.

NFT's, Metaverse? Well, too sad to say but just never have the interest in them.
I'm not looking for hype projects nor taking advantage of it as it was just for a short while and it die. I don't see how this gives benefits to the people around which could help to increase users and realize the value of crypto but having this weighs nothing instead, that something it helps to ruin the market. It perhaps, a lot of scammers had exist and use these projects as a medium to scam.

If we care about securing our future and having good investments, this not be a thing to consider.

I think it's pretty common, because more and more Bitcoin holders becoming Bitcoin "maximalists" - they don't hold altcoins and don't see any potential in them. NFTs and metaverse are bad for the same reason altcoins are bad - they are just empty promises that can never come true, made to fill the pockets of the people behind them and leave bagholders to suffer the losses.