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Topic: Why so negativity for NFT? - page 2. (Read 210 times)

legendary
Activity: 1932
Merit: 1273
January 16, 2022, 08:20:23 AM
#10
I mean first of all art is subjective, the points they use to criticize can be easily applied to modern art. For me most of modern art is crap but it has value because people believe in its value simple as that. Even currency is just a paper but it has value because people believe in its value.
But does all of the NFT users believe in or understand about the value of NFT? NFT may be condensed with a lot of buzzwords, and the idea of digital scarcity may become questionable. Though I'd also think that NFT has a lot of potentials, the ideas are there, but the concept of it, in general, may still need room to grow, especially if people want to truly achieve scarcity and ownership. Like how the buyer/collector know the art they going to buy is truly from the real artist, not just some random art copything theft.
legendary
Activity: 3248
Merit: 1402
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January 16, 2022, 08:20:02 AM
#9
I don't think NFTs deserve hate, just like no technology deserves it, unless it's a weapon or is designed to be harmful in a meaningful way. NFTs can lead to issues, but they are not dangerous on its own and weren't meant to be a bad thing, so hate should not be applicable to them as a whole. I know that some use NFTs for good reasons. For example, creative people can use them to sell their digital art, and this is one of the ways of supporting creators. But they can also be used for milking customers (like when NFTs are introduces into a game like FIFA) or even for crimes (when someone sells somebody else's digital art and makes money this way). So I'm not into NFTs, and I do believe they are overhyped, but being overly negative about them is also unnecessary.
legendary
Activity: 3276
Merit: 2442
January 16, 2022, 08:07:49 AM
#8
I have been seeing this extraordinary hate for nft, i find it really irritating, i can understand some criticism but the way they make it look like it is a sin. I mean first of all art is subjective, the points they use to criticize can be easily applied to modern art. For me most of modern art is crap but it has value because people believe in its value simple as that. Even currency is just a paper but it has value because people believe in its value. This is somewhat same hate bitcoin gets even to this day. And i know the same people who are criticizing NFT will be first in line to get NFT once it become more common and once they see profit.

Most people don't see any value in NFT's. Personally I don't get the hype neither. People who criticize NFT's come up with good arguments. One of them is theft. An NFT issuer can easily steal someone else's digital art and make an NFT for it and put it on the markets. You can't really know that it was a stolen property unless you do a research. Most people will get scammed for that reason alone.
sr. member
Activity: 1722
Merit: 269
January 16, 2022, 07:44:59 AM
#7
I have been seeing this extraordinary hate for nft, i find it really irritating, i can understand some criticism but the way they make it look like it is a sin. I mean first of all art is subjective, the points they use to criticize can be easily applied to modern art. For me most of modern art is crap but it has value because people believe in its value simple as that. Even currency is just a paper but it has value because people believe in its value. This is somewhat same hate bitcoin gets even to this day. And i know the same people who are criticizing NFT will be first in line to get NFT once it become more common and once they see profit.

I would guess that this is just part of the normal hype circle that happens with every new type of trend that appears in general but especially in the crypto space. First there is a new project that is doing something new or is trying to do something new then this project gets a lot of traction and attention in the media and the social networks. The early investors of that project make a huge profit and even those that are investing in the next projects of the same type still make nice profits. Then there are more and more copycats coming that are just trying to make a quick buck by copying existing projects and sooner or later people get fed up with it and don't like this trend anymore.
hero member
Activity: 2114
Merit: 603
January 16, 2022, 07:39:46 AM
#6
NFT's are not hated, NFT's are just getting too much condensed with all kinds of crowd throughout the globe. The fact that anyone is using it as source of income these days to sell their arts. The underlined bold line here is, they are selling anything they think is saleable on the internet and thus making it new trend.

Artists are not just in the window to accept that stuff. Its not like, we should hate the idea of it but in the name of art if they started to sell anything then how could you foresee a good future for the NFT world?

I understand that there is always scope for something in which peeps are believing however, we should not over do things for earning money.

Lets just hope that this economy will boom sooner or later with proper stages, after all its biggest contributor to the crypto world.
hero member
Activity: 2982
Merit: 659
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January 16, 2022, 07:34:35 AM
#5
I have been seeing this extraordinary hate for nft, i find it really irritating, i can understand some criticism but the way they make it look like it is a sin. I mean first of all art is subjective, the points they use to criticize can be easily applied to modern art. For me most of modern art is crap but it has value because people believe in its value simple as that. Even currency is just a paper but it has value because people believe in its value. This is somewhat same hate bitcoin gets even to this day. And i know the same people who are criticizing NFT will be first in line to get NFT once it become more common and once they see profit.
Of course, those early investors and buy NFTs are in profit that they keep quiet and even tell these projects are worth investing.
We can't blame some people who hate NFT as they are suffering losses that bring to that situation. It was not all about criticizing the capability of NFT, in fact, many of these projects are worthless after the hypes, that is certainly a big question and people will show what they feel, and I understand them.
If you were still believing NFT, that was your opinion, and that possibly different from others.
legendary
Activity: 2240
Merit: 1375
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January 16, 2022, 07:26:09 AM
#4
I have been seeing this extraordinary hate for nft, i find it really irritating, i can understand some criticism but the way they make it look like it is a sin.
Thats because some got scam by nfts. Thats pretty normal to have some haters. These people learned the nft business in the hard way. I often found some of them complaining how did they end up being scam or their worth when they bought it gone down. Nft is still risky though some really have a good profit on that.
legendary
Activity: 3080
Merit: 1500
January 16, 2022, 06:06:39 AM
#3
I have been seeing this extraordinary hate for nft, i find it really irritating, i can understand some criticism but the way they make it look like it is a sin. I mean first of all art is subjective, the points they use to criticize can be easily applied to modern art. For me most of modern art is crap but it has value because people believe in its value simple as that. Even currency is just a paper but it has value because people believe in its value. This is somewhat same hate bitcoin gets even to this day. And i know the same people who are criticizing NFT will be first in line to get NFT once it become more common and once they see profit.

NFT is just hype and a playground for money laundering. That's why you are seeing hatred towards it. Buying and selling JPGs can't become tech future. It is just that some celebrities have entered into this NFT stuff and they are constantly hyping the market for their own benefit.

In NFT market, art doesn't have a value! Rather the artist is being valued more than the art. Otherwise I have seen tons of great arts in opensea marketplace, but people are buying meme avatars because some celebrity has created that! Is this the way art should be valued?

NFT is a non sense concept and is bound to be doomed! Sooner or later!
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
January 16, 2022, 06:01:11 AM
#2
I have been seeing this extraordinary hate for nft, i find it really irritating, i can understand some criticism but the way they make it look like it is a sin. I mean first of all art is subjective, the points they use to criticize can be easily applied to modern art. For me most of modern art is crap but it has value because people believe in its value simple as that.
Anyone has their own perspective about the art. Remember that the value of art come from someone's perspective. There are bunch of people called art was total garbage and it has no value or utility. Remember that majority of people are seeking for utility instead of uniqueness from the art. I do agree with your opinion if that's subdjective and anyone has different reason for that. Where did you see that?


Even currency is just a paper but it has value because people believe in its value. This is somewhat same hate bitcoin gets even to this day. And i know the same people who are criticizing NFT will be first in line to get NFT once it become more common and once they see profit.
That's a new trend that's still not accepted by so many people. You may not feel good to see that but that's it. Bitcoin gets blamed when it was getting created and so many people called that as garbage and useless coins but they didn't know the real value of it but this is a big different when it comes to the art.
member
Activity: 70
Merit: 12
January 16, 2022, 05:32:07 AM
#1
I have been seeing this extraordinary hate for nft, i find it really irritating, i can understand some criticism but the way they make it look like it is a sin. I mean first of all art is subjective, the points they use to criticize can be easily applied to modern art. For me most of modern art is crap but it has value because people believe in its value simple as that. Even currency is just a paper but it has value because people believe in its value. This is somewhat same hate bitcoin gets even to this day. And i know the same people who are criticizing NFT will be first in line to get NFT once it become more common and once they see profit.
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