Line Goes Up – The Problem With NFTs

"Imagine what it will be worth in five years " Didn't even take 3 to reach zero.

"A COMPUTER CAN NEVER BE HELD ACCOUNTABLE, THEREFORE A COMPUTER MUST NEVER MAKE A MANAGEMENT DECISION" IBM presentation, circa 1979

Watching this again for the 385th time, I'm awestruck by the optimism of the "Pixelgirl NFTits comic book" announcement. I'm neither an accountant nor a salesman, but let's look at their numbers for a second. They expect to claim 1% of the entire comic book market share. For comparison, Kondansha Comics and Dynamite Entertainment respectively hold more or less 1% of the US comic book market share in profits. And those are publishing companies. They sell far more than one comic - They're behind franchises like Attack on Titan, Ghost in the Shell, Flash Gordon, the Battlestar Galactica or A Game of Thrones comics. Names most people have at least heard of, even if they're not part of the scene. Kondansha offers almost 700 series on their website. They expect their one plotless horny titty NFT pixelart comic to make as much money as the whole company that put out Attack on Titan.

In the time since this video released, 95% of NFT collections ever released became worthless Together, we can make this figure 100% 🙏

People looked at the system and said "The issue isn't that it's rigged, the issue is that I wasn't the one doing the rigging".

It's May 5th, 2022. NFT sales are down 92%, and my enjoyment of this video is up by that same number.

The fact that this video now has 12 million views means that Dan made more money from this than 99.999% of the people who invested in NFTs 😂

Gotta give Overly Attached Girlfriend props for having the chops to mint the NFT (via a third party, but still), sell it, and immediately cash out and never touch any of it again.

That guy trying to harass you in Decentraland is even funnier now that we've learned how pathetically small the playerbase is.

The way I had NFTs explained to me is this: you are not purchasing the Mona Lisa. You are not even purchasing a copy of the Mona Lisa printed on a sheet of A4 paper. What you are doing is purchasing a key that opens a door that leads down a hallway to a super special personal viewing room through which you can look at the Mona Lisa. And also anyone else can go in there any time they want to look at it too, by the way, but the key is yours!! And also that hallway may at any time collapse and lead nowhere anymore, or lead to some other non-Mona-Lisa picture, and there's nothing you can do about that. But you own the key!!

A perfect description off the mortgage crisis that refreshingly did not blame "borrowers with bad credit taking out loans they could not afford."

"It's a movement driven in no small part by rage, by people who looked at 2008, who looked at the system as it exists, but concluded that the problems with capitalism were that it didn't provide enough opportunities to be the boot." Fuck, I'm stealing that.

This whole NFT lifestyle makes me feel like i stepped into a Kafka novel. The narrator tries to understand changed reality. Everyone around him sells, buys and talks about non existing products. When he tries to understand what they do, he gets flooded with a complicated vocabulary that doesn't explain anything.

Came back to say congratulations, Dan. You killed NFTs. You’ve done humanity a great service.

My favorite hobby of the '20's is watching Libertarians speedrun to reminding everyone why rules exist

I recently took an interest in programming and started reading Rob Miles' "C# Programming Yellow Book" and literally on 5th page of this beginners level programming textbook reads "Coming up with a perfect solution to a problem the customer has not got is something which happens surprisingly often in the real world. Many software projects have failed because the problem that they solved was the wrong one. The developers of the system quite simply did not find out what was required, but instead created what they thought was required. The customers assumed that, since the developers had stopped asking them questions, the right thing was being built, and only at the final handover was the awful truth revealed. It is therefore very important that a programmer holds off making something until they know exactly what is required." If you're trying to solve a problem, first make sure it's a problem that needs solving is literally like the first thing you learn as a programmer lmfao

'They think programmers should solve society's problems.' As a programmer, that terrifies me.

Beeple selling his art as an NFT for $69 million and then within the same month calling NFT's an "irrational exuberance bubble" will never not be funny to me. My man got his money and nearly immediately dipped, and I do not blame him.

The "If we can capture 1% of the national comics market with our comic about boobs" statement is one of the most hilarious things I've heard in a long time.

"Cryptocurrency does nothing to address 99% of the problems with the banking industry, because those problems are patterns of human behaviour" The way that you've explained the 2008 crash and this phrase are absolutely fantastic. Instant sub