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.

[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?

[tomw@mastodon.social]

@jonty These bankruptcy messages still manage to have the "our incredible journey" tone

[cursedsql@hachyderm.io]

@gme @jonty given the nft part is just a pointer, the answer is because the hosters are cheap and want the maximum return and hosting large images can be expensive, if you know you are a grifter might as well host trash anyway

[gme@bofh.social]

@cursedsql@hachyderm.io @jonty@chaos.social
Just as abstract art is essentially a money laundering scheme, I suspect NFTs are, as well.

[patrick_h_lauke@mastodon.social]

@jonty "We will take our friendships and memories with us" and the money, mostly the money, you idiots paid