Are NFTs a scam? | Bitcointalksearch.org

boyptc

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Quote from: ?? on ??

It all depends solely on what the project is.
There are a lot of scammers, for sure, but there are also a lot of decent projects.

Many are decent but many are also deceptive.

For those that are not really investing with NFTs, there is nothing to worry about but for those who have been hooked with it. You always have to be careful with NFTs too.

Yalalagh

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Not at all, it is a completely new platform for creativity and not only that, but also a good way to make money

Kinghunter0071

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What NFT token would it be a good idea for me to put resources into.
NFTs are unquestionably quite possibly the most fascinating utilizations of brilliant agreements for me but let see what the future tells.

Yalalagh

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I think this is a good platform for creativity, as well as to earn money, I do not see anything wrong with it.

anNFTCollector

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NFTs are NOT a scam. The use case for them is limitless.

I am invested in a project called Weentar that is letting people basically mint and sell all of their Instagram style posts as NFTs.

It's a great way to support your favorite influencers or streamers.

https://www.weentar.com/

5thFear

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Well, right now, they are nothing more serious just a trend and that is what is causing them to make so much money. But they have a good idea. They can be really useful in real estate and some other fields like games where u can have distinguished heroes, and may be for space, planets, galaxy, and other space related stuff. As a single star can't be same to another star. This field can really benefit from NFTs but right now, the stupid kind of cartoons are not worthy to be invested in.

Rickross009

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First of all, do you think Ethereum is legit? It might be YES! Well, you must think the same for NFTs
NFTs means non-fungible-tokens.
NFTs are extremely secure, and safe.
They can be programmed, stored on transferred on exchange or wallet that is based on ERC-721 or ERC-1155 which is the platform that Ethereum is also based on the blockchain technology.

mich

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No I do't think NFTs are a scam but instead they are a trend that will maybe fade away.

It's better to just hodl your bitcoins instead of buying NFTs in my opinion.

Yalalagh

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I think that NFT is a very good way to monetize your creativity

Jolankaa

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it's a trend, i think

Melignya

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I think the NFT is mainly a platform for creativity, and quite profitable

Jolankaa

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I think the NFT is trendy and prestigious. Personally, I wouldn't spend

Melignya

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No, I don't think so. NFT is developing rapidly now and more and more people are becoming interested in it.

boyptc

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Quote from: WNTRjon on August 30, 2021, 12:12:14 PM

NFTs as a technology are definitely NOT a scam.

There is a lot of unfortunate and shady behaviour in the current NFT market.

There is.

The advancement of NFT is legitimate but the same as the ICO and other type of crowdfunding, this made them to take advantage and scam people.

Many are legitimate but be careful of the scams.

WNTRjon

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NFTs as a technology are definitely NOT a scam.

There is a lot of unfortunate and shady behaviour in the current NFT market.

Melignya

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No, I don't think so, it's a flight for creativity and more

Armando

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It's same as ICOs few years ago. The concept is legit, but most of the offers are scam.

Just use the good old common sense. Paying money for just a jpg that you can just screenshot or save is stupid, unless you want to donate money to the artist.... or you are also the seller and do smth not-so-legit 🙃

Chato1977

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NTF are not scam instead this is one of the most promising project ever created in crypto space , just wait and this will become the eye of every investors.

blvz1223

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it is a new form of digital and it is prone to fraud

boyptc

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Quote from: Hashbon on August 12, 2021, 09:57:38 AM

Quote from: boyptc on August 11, 2021, 03:58:06 PM

Yeah.

If it's not a bubble then we'll keep seeing those prices to blow up our minds and artworks that have sold at a very huge price. But once we start to see it go down.

Prices will drop and everyone will speculate the same thing about the bubble.

At this point, only time could tell. Let us hope for the best (for the sake of crypto markets)

Yes, only time can really tell.

I'm hoping for the best as I know there are a lot of people that have invested on it. With its success, I'm sure that bitcoin will also affect them positively.

So if bitcoin rises, they will also be with it.

Hashbon

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Quote from: sonmezmstf1978 on August 12, 2021, 10:36:26 AM

Quote from: Hashbon on August 10, 2021, 12:02:45 PM

NFTs can be some of the simplest and laziest products, and somehow they fetch millions upon millions for their creators. I'm not saying that there aren't any cool NFTs of anything, just that a poorly made image of mickey mouse by an artist can sell for millions even though there is no original creation there. In fact, I'm sure there should be some sort of copyright violation there. Is it a bubble or is it revolutionary? And do you guys think it's normal for someone to spend millions of dollars on a digital image that you could just right click and save for free? Or is there really value in NFTs?

Also one conspiracy theory explores the fact that it's just a front for money laundering, could that be the case?

We will get the answer to this in the future, but if you don't have to make a choice already, don't worry too much about it, my friend.

The thing is I had a few videos that are incredibly gorgeous, was thinking if anyone would even be interested in buying them as NFTs which was followed by self-doubt then didn't think about it again. The constant thought is that it's a bubble and I wouldn't benefit if I listed my content but let's just wait and see. I personally have never posted an NFT because gas prices are incredibly high! Makes it hard to attempt to sell a digital asset xD

sonmezmstf1978

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Quote from: Hashbon on August 10, 2021, 12:02:45 PM

NFTs can be some of the simplest and laziest products, and somehow they fetch millions upon millions for their creators. I'm not saying that there aren't any cool NFTs of anything, just that a poorly made image of mickey mouse by an artist can sell for millions even though there is no original creation there. In fact, I'm sure there should be some sort of copyright violation there. Is it a bubble or is it revolutionary? And do you guys think it's normal for someone to spend millions of dollars on a digital image that you could just right click and save for free? Or is there really value in NFTs?

Also one conspiracy theory explores the fact that it's just a front for money laundering, could that be the case?

We will get the answer to this in the future, but if you don't have to make a choice already, don't worry too much about it, my friend.

Hashbon

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Quote from: boyptc on August 11, 2021, 03:58:06 PM

Quote from: Hashbon on August 11, 2021, 05:43:00 AM

Quote from: boyptc on August 10, 2021, 06:58:41 PM

One word for sure, it's a bubble.

Although the revolutionary part of those play to earn features that's where something different came up from that idea. And it's changing the way people look at NFTs these days.

But the NFT arts, they really are expensive whenever I look at it. Well, as long as there's a market and there are people willing to buy, we shall see where it's headed.

Only the future could tell, my friend!

Yeah.

If it's not a bubble then we'll keep seeing those prices to blow up our minds and artworks that have sold at a very huge price. But once we start to see it go down.

Prices will drop and everyone will speculate the same thing about the bubble.

At this point, only time could tell. Let us hope for the best (for the sake of crypto markets)

boyptc

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Quote from: Hashbon on August 11, 2021, 05:43:00 AM

Quote from: boyptc on August 10, 2021, 06:58:41 PM

One word for sure, it's a bubble.

Although the revolutionary part of those play to earn features that's where something different came up from that idea. And it's changing the way people look at NFTs these days.

But the NFT arts, they really are expensive whenever I look at it. Well, as long as there's a market and there are people willing to buy, we shall see where it's headed.

Only the future could tell, my friend!

Yeah.

If it's not a bubble then we'll keep seeing those prices to blow up our minds and artworks that have sold at a very huge price. But once we start to see it go down.

Prices will drop and everyone will speculate the same thing about the bubble.

Hashbon

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Quote from: Xinarae* on August 11, 2021, 12:35:48 AM

Quote from: bitterguy28 on August 10, 2021, 09:40:15 PM

scam or not yet it is your prerogative which to trust and invest.

but if you are looking in NFT then better be ready as this may change course any moment now.

Yes, the crypto market is not stable so you have to analyze the market well before saying scam. Although the price of this currency has come down a bit compared to the past it seems that it has a near future go ahead believing NFT currency is not a scam its price will go up

The argument could come down to this:

Are NFTs worth spending hundreds of thousands on? Or will your investment have absolutely no return in the future?

Hashbon

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Quote from: peter0425 on August 10, 2021, 11:53:29 PM

I remember that last Year your Campaign or the platform that you are promoting(In which DEFI) once gain many scam thread also but look at it now, you even wearing as signature .
NFT is one of the most popular and controversial now , so best to understand the market before pointing it as a scam.

Understand that we provided a crypto payment service (actual active program used by many users) that allows receiving and sending crypto with 0% commission). Do you see how that isn't a scam, my friend?

As for calling out NFTs for being a scam,

understand that this is to provoke an argument.

When starting a thread this way, you're actively engaging different point of views. It may not be a scam, but if you carefully read my thread, you'd see that the question was:

Could you justify spending millions on a piece of art created in a jiff

Hashbon

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Quote from: Renampun on August 10, 2021, 09:26:31 PM

Quote from: Hashbon on August 10, 2021, 12:02:45 PM

NFTs can be some of the simplest and laziest products, and somehow they fetch millions upon millions for their creators. I'm not saying that there aren't any cool NFTs of anything, just that a poorly made image of mickey mouse by an artist can sell for millions even though there is no original creation there. In fact, I'm sure there should be some sort of copyright violation there. Is it a bubble or is it revolutionary? And do you guys think it's normal for someone to spend millions of dollars on a digital image that you could just right click and save for free? Or is there really value in NFTs?

Also one conspiracy theory explores the fact that it's just a front for money laundering, could that be the case?

seeing from the many successes of nft, I don't think nft is a scam...

Copyright infringement? I don't think so, even though many of the pictures have been modified, the colors are different too. nft has given artists a little future, it's just a matter of luck from them.

You may be forgetting the legal battle Disney has on their ownership of their "characters". They own them and only THEY are allowed to profit off of their images. It may seem predatory but that is copyright law for you, my friend. When taking this idea into consideration, you can tell that there is a clear violation. As for using the word scam here, it is to provoke an argument Cheesy

Hashbon

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Quote from: Chato1977 on August 10, 2021, 07:38:21 PM

Quote from: Hashbon on August 10, 2021, 12:02:45 PM

NFTs can be some of the simplest and laziest products, and somehow they fetch millions upon millions for their creators. I'm not saying that there aren't any cool NFTs of anything, just that a poorly made image of mickey mouse by an artist can sell for millions even though there is no original creation there. In fact, I'm sure there should be some sort of copyright violation there. Is it a bubble or is it revolutionary? And do you guys think it's normal for someone to spend millions of dollars on a digital image that you could just right click and save for free? Or is there really value in NFTs?

Also one conspiracy theory explores the fact that it's just a front for money laundering, could that be the case?

If you are asking about NFT's credibility then what about your Advertising as DEFI ? what is DEFI status compared to NFT?

isn't it they are both scam as well?

DeFi provides services, am I right? NFTs are sold and bought based on value artificially set. You see what I mean? If you're interested in the art itself, you could right click and save it. Buying an 8 bit art that is a copy of someone else's work for millions of dollars, that is a different case and cannot be related to DeFi or any movements trying to advance the financial sphere. One thing I respect with NFTs is the royalties system. The original artist always profits from later sales made. Other than that, my question is: Could you justify spending 500,000 USD on an 8 bit art that was made in 30 minutes or less?

Hashbon

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Quote from: boyptc on August 10, 2021, 06:58:41 PM

One word for sure, it's a bubble.

Although the revolutionary part of those play to earn features that's where something different came up from that idea. And it's changing the way people look at NFTs these days.

But the NFT arts, they really are expensive whenever I look at it. Well, as long as there's a market and there are people willing to buy, we shall see where it's headed.

Only the future could tell, my friend!

Ucy

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It actually doesn't make much sense to me to pay huge amounts of money for mere art... I was wondering why till I remembered that people have been paying so much money for physical arts. It would have made some sense if the arts have very valuable features or codes that can make people's life better or something.
Or maybe they have hidden information people who are aware of them find very valuable....for example, hiding a piece of info of locations of hidden treasures, foods etc on NFT and selling to people slightly higher than the real value of the things hidden in different locations.

Xinarae*

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Quote from: bitterguy28 on August 10, 2021, 09:40:15 PM

scam or not yet it is your prerogative which to trust and invest.

but if you are looking in NFT then better be ready as this may change course any moment now.

Yes, the crypto market is not stable so you have to analyze the market well before saying scam. Although the price of this currency has come down a bit compared to the past it seems that it has a near future go ahead believing NFT currency is not a scam its price will go up

cabron

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Quote from: Hashbon on August 10, 2021, 12:02:45 PM

NFTs can be some of the simplest and laziest products, and somehow they fetch millions upon millions for their creators. I'm not saying that there aren't any cool NFTs of anything, just that a poorly made image of mickey mouse by an artist can sell for millions even though there is no original creation there. In fact, I'm sure there should be some sort of copyright violation there. Is it a bubble or is it revolutionary? And do you guys think it's normal for someone to spend millions of dollars on a digital image that you could just right click and save for free? Or is there really value in NFTs?

Also one conspiracy theory explores the fact that it's just a front for money laundering, could that be the case?

Saw that mickey was being sold. Many artists could really draw better than it, it's really unusual to see someone bought such art so this is just an example of its scam. I do think the bidders are just the same people just as a scam on eBay. But if it's just a legitimate art in which the NFT represents ownership, I think it's not that scam at all. NFTs are new, there could be more to be done with it just like Defi which the institutions are also up to recreate.

peter0425

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I remember that last Year your Campaign or the platform that you are promoting(In which DEFI) once gain many scam thread also but look at it now, you even wearing as signature .
NFT is one of the most popular and controversial now , so best to understand the market before pointing it as a scam.

ethereumhunter

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I think it is not a scam but it could be a scam in the future. When the project can still running well for a long time, that could mean the project is not trying to scam people because they want to contribute to the crypto world by giving their services to people. But if somehow, their project is getting slow in the development and the team are disappearing one by one and finally, all of the team leave the project, that could mean a scam. You need to be very careful selecting the NFT project because not all NFT project will have their chance to survive in the crypto world.

bitterguy28

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scam or not yet it is your prerogative which to trust and invest.

but if you are looking in NFT then better be ready as this may change course any moment now.

Renampun

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Quote from: Hashbon on August 10, 2021, 12:02:45 PM

NFTs can be some of the simplest and laziest products, and somehow they fetch millions upon millions for their creators. I'm not saying that there aren't any cool NFTs of anything, just that a poorly made image of mickey mouse by an artist can sell for millions even though there is no original creation there. In fact, I'm sure there should be some sort of copyright violation there. Is it a bubble or is it revolutionary? And do you guys think it's normal for someone to spend millions of dollars on a digital image that you could just right click and save for free? Or is there really value in NFTs?

Also one conspiracy theory explores the fact that it's just a front for money laundering, could that be the case?

seeing from the many successes of nft, I don't think nft is a scam...

Copyright infringement? I don't think so, even though many of the pictures have been modified, the colors are different too. nft has given artists a little future, it's just a matter of luck from them.

Chato1977

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Quote from: Hashbon on August 10, 2021, 12:02:45 PM

NFTs can be some of the simplest and laziest products, and somehow they fetch millions upon millions for their creators. I'm not saying that there aren't any cool NFTs of anything, just that a poorly made image of mickey mouse by an artist can sell for millions even though there is no original creation there. In fact, I'm sure there should be some sort of copyright violation there. Is it a bubble or is it revolutionary? And do you guys think it's normal for someone to spend millions of dollars on a digital image that you could just right click and save for free? Or is there really value in NFTs?

Also one conspiracy theory explores the fact that it's just a front for money laundering, could that be the case?

If you are asking about NFT's credibility then what about your Advertising as DEFI ? what is DEFI status compared to NFT?

isn't it they are both scam as well?

DrWho42

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they're in a trend at least

boyptc

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One word for sure, it's a bubble.

Although the revolutionary part of those play to earn features that's where something different came up from that idea. And it's changing the way people look at NFTs these days.

But the NFT arts, they really are expensive whenever I look at it. Well, as long as there's a market and there are people willing to buy, we shall see where it's headed.

Hashbon

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NFTs can be some of the simplest and laziest products, and somehow they fetch millions upon millions for their creators. I'm not saying that there aren't any cool NFTs of anything, just that a poorly made image of mickey mouse by an artist can sell for millions even though there is no original creation there. In fact, I'm sure there should be some sort of copyright violation there. Is it a bubble or is it revolutionary? And do you guys think it's normal for someone to spend millions of dollars on a digital image that you could just right click and save for free? Or is there really value in NFTs?

Also one conspiracy theory explores the fact that it's just a front for money laundering, could that be the case?

Topic: Are NFTs a scam? (Read 282 times)