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It’s after midnight here in Poland so let’s start the new year with twitter sketch no. 282. An NFT-related one too :P
#MLP #bronies #mlpg5

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32 comments posted
luna's husbando
Lunar Supporter - Helped forge New Lunar Republic's freedom in the face of the Solar Empire's oppressive tyrannical regime (April Fools 2023).

The NFT craze is ridiculous on quite a few levels, but I’m particularly annoyed by the “web3” buzzword implying that there was a Web 2 at some point. None of the IETF or W3C or ISO or IEEE bodies have ever announced a Web 2.
It’s just fake marketing BS.
Posted Report
Background Pony #62DE
@Background Pony #6272
I think it’s down to the marketplaces. They should have a scanner in place like DeviantArt did that checks for duplicates across the internet (and also for signatures in the art piece). If either are found, then the seller is blocked from listing the art and reported. Legit artists listing their own stuff should also have a way of verifying their idenitity relating to their art (maybe some way to tie their art signature to their username? idk)
I think NFTs need to be “linked” - meaning, encrypt the token into the cryptography of the JPG file, and a buyer gets the file plus the token. So no matter how much the file gets copied or screenshotted, the duplicates will never have the token signature and can be ousted as “fakes” or “copies”. Initially I thought that’s how NFTs actually were, but no. All the buyers get is the token itself.
And its this uniqueness that gives the art its high perceived value. It’s slapped with the SCAM label ‘cause it’s a new concept and has some exploitable flaws.
@dsagent
Same applies to all online accounts really. And give your cell provider a head-up on social engineering tricks that might be played on them.
Posted Report
dsagent
Lunar Supporter - Helped forge New Lunar Republic's freedom in the face of the Solar Empire's oppressive tyrannical regime (April Fools 2023).
Bronze Bit -
The End wasn't The End - Found a new home after the great exodus of 2012

The Good Hunter
Some Tips:
2 factor auth on everything
Pencil and Paper in a lockbox hidden somewhere
Beware of Keyloggers
Most importantly never brag about your crypto to friends and family
Posted Report
Background Pony #5374
@Lobo1192
A government however holds quite a few things of actual value (gold, oil, real estates, money that 99% of the populace accept as currency) to back their currency with.
Randos on the internet do not.
That’s the thing with crypto and NFTs, they’re speculation objects lacking real values to back them with. Even stocks have the various assets of their respective companies to, at least partially, support their value.
Posted Report
Lobo1192
Duck - User has been known to often resemble a waterfowl
The End wasn't The End - Found a new home after the great exodus of 2012

@Background Pony #6272
Slip in a half decent counter fit tenner with 2 real ones. See how many people notice. Now sure, when it eventually winds up in a bank they will figure it out. But by then its likely changed hands multiple times. Hell its so common banks dont even bring it to your attention if you turnin the occasional fake with your normal deposits. It happens.
Posted Report
Background Pony #6272
@Lobo1192
Funny how people can joke about Crypto and NFTs but we still use a fiat currency thats roughly the same thing.
Only has value because people believe it dose.
NFTs can be “stolen” by “right-click save as” while it’s very, very difficult to copy real money (impossible for random people)
Posted Report
Background Pony #60C7
@Background Pony Number 17
“Fiat currency” is backed by the most powerful governments on Earth. NFT’s and crypto are backed by a bunch of Reddit goons trading pictures of monkeys. These are not the same.
Posted Report
Background Pony Number 17
My Little Pony - 1992 Edition

@Lobo1192
Funny how people can joke about Crypto and NFTs but we still use a fiat currency thats roughly the same thing.
Only has value because people believe it dose.
Dollars are backed by the credit rating of the US Government. That may not sound like much, but the world economy depends upon it. Crypto has nothing equivalent.
Posted Report
Background Pony #62DE
In a broader view, it’s almost pointless trying to sell any digital product nowadays ’cause online mobs will jsut rally and attempt to cancel you ’cause they believe they have the Holy Divine Truth of what value your products are actually worth.
Posted Report