Five years ago I pointed out nearly all NFT's were going to break when the startup who minted them goes bust, causing people to get *extremely* mad at me until everyone concluded that I was correct.

[jonty@chaos.social]

Five years ago I pointed out nearly all NFT's were going to break when the startup who minted them goes bust, causing people to get *extremely* mad at me until everyone concluded that I was correct.

Thought I'd check in on the two examples I used and well

[jonty@chaos.social]

"For these NFTs, we will continue to host this metadata in perpetuity"

"Please know that all NFTs minted on any MakersPlace contract will be safe and live on"

Mate, you didn't even manage to last five years. "Perpetuity" is quite a lot longer than your next VC round runway.

[rogerbw@discordian.social]

@jonty "That's a problem for the next guy who has this job, after I take the money and run."

[gwire@mastodon.social]

@jonty if there's one thing you can trust, it's that dead companies will continue to honour their assurances.

[witewulf@cyberplace.social]

@jonty I had the same argument with the editor of a prominent online gaming magazine who was convinced they were the Next Big Thing

[primavera@void.lgbt]

@jonty took a page from religions that promise great things in a time and place not reachable nor actionable by mgmt

[jtruk@mastodon.social]

@jonty All investors will have their assets gracefully transitioned to a unique DNS_PROBE_FINISHED_NXDOMAIN address.

To be fair to them, this does feel like art.
Even Banksy only managed one half-shredded piece.

[nicro@fedi.absturztau.be]

@jonty Reminds me of the companies, that promise to preserve your body/head until science figures out how to thaw living people. Those went the same way.

[drhyde@fosstodon.org]

@Primavera @jonty eternal salvation or triple your money back!

[primavera@void.lgbt]

@DrHyde @jonty basically, yeah

[loke@functional.cafe]

@WiteWulf @jonty is that nft multiplayer game still a thing?

Decentraland? Was that it?

Then there was that one that had beta testing sessions with thousands of simultaneous players (which is not very hard when none of them can actually interact with eachother)

[mikal@sfba.social]

@jonty

I've noticed how a lot of photographers quietly removed those hokey .eth appendages from their screen names on various platforms. Huh. Wonder why.

[opalfroot@mastodon.social]

@jonty nobody could have foreseen this.

[barubary@infosec.exchange]

@Primavera @jonty O perpetuity, you word of thunder!
Selig sind die Daten, etc.

[raymaccarthy@mastodon.ie]

@jonty Notarised contracts on acid free paper, vellum/parchment or even clay tablets.

I thought from the start that NFTs are an unsustainable scam.

[raymaccarthy@mastodon.ie]

@Nicro @jonty
Maybe you might eventually be able to thaw carefully frozen living people (though a form of hibernation seems more likely for space voyages), but resuscitating dead people from just a head were the brain cells are destroyed by freezing is fantasy. Not even SF.

[jawarajabbi@mastodon.online]

@jonty

There's a sucker born every minute, a great man once said.

[gme@bofh.social]

@jonty@chaos.social What I never understood about NFTs is why can't I just download the "art" from the source where it's being hosted? And why is the "art" so small? How is that any different than what we have today? Also, I do a lot of 3D rendering and every one of my renders is a minimum of 8K now. (Back in 2021 they were 4K). So why is NFT "art" so small?

[imrehg@fosstodon.org]

@jonty on the IPFS side, if you had pinned your token's address, would you be unaffected?

Of course that assumes technical knowledge and pinning while it is available.

(I haven't had any NFTs, but am interested in IPFS:)

[david_chisnall@infosec.exchange]

@jonty Is there a thing set up to buy the domain from whoever ends up owning it and point all of the NFTs at goatse?