As soon as humans have enough abundance to have their basics need met food,shelter,warmth etc,the next frontier is to create value in things that have no inherent value.The value turns into a psychological hype and excitement around a certain thing.That's what have been art paintings and now nft's.
This reminded me of Thoreau's Walden, at one point he says: "The necessaries of life (...) may, accurately enough, be distributed under the several heads of Food, Shelter, Clothing, and Fuel; for not till we have secured these are we prepared to entertain the true problems of life with freedom and a prospect of success (...) By proper Shelter and Clothing we legitimately retain our own internal heat, but with an excess of these (...) that is, with an external heat greater than our own internal, may not cookery properly be said to begin?" This "cookery" I understand as creating value and meaning, personally, into our lives, making our lives even more our own, by going beyond the bare necessities (which can still be a big source of joy and meaning, too, the simple pleasures in life rock, call me a Hobbit). The problem arises, IN MY OPINION, when we're not enriched HUMANLY (as opposed to solely getting physically, financially, socially even, richer, in detriment! of our humanity) by the things we seek, inside or outside. But especially outside.
not really. its all about keeping those creating digital content honest. In the physical world, we use things like copyright and trademarks to protect the IP rights of the person who created something from having others use it to make money. NFTs are simply a digital way to do this.
It depends on how you look at it Me as an artist sadly not a big one and certainly need funds will appreciate direct sales since you are supporting me the artist whose passion is to create. So having the original copy directly supports the artist behind it.
That 100 dollar fee is what makes NFTs a big no-no for me. I'll just wait till all the rich people have "strengthened the network" enough for that fee to go down.
@@bngr_bngr it’s an asset that runs on crypto, so yes. But notice that not all block chains are equal, for example bitcoin requires much more energy to run a transaction compared to ethereum
As an art enthusiast, knowing NFT exist gives me hope that I can make money by doing art. And I bumped to one of the best NFT project- The Pop Cult. They got insanely good arts and if youre an artist they might consider your artworks.
@JuicyyzFPS nobody can replicate your painting strokes 100% exactly, it is unique to you. Pixels on a jpeg are exactly the same as a screenshot i take of it.
@@unskeptable It doesn’t. If you upload the same picture again then it’s theoratically the same NFT but since the owner of the original NFT is ‘embedded’ in the blockchain everyone can see that the reuploaded NFT is a fake.
@@-Raumdeuter. Fake doesn't mean anything if it is exactly the same thing.What is the value of owning the original, if every person on the planet can have the same nft with a click of a button? The whole business is a scam imo..
@@unskeptable Because they won’t possess the exact same thing. The people who screenshot the NFT don’t have any of the rights that come with the NFT. For example, when the blockchains confirms that you are the owner of an NFT, you’ll have special rights that only come when you’re confirmed on the blockchain. People who screenshot only have the ability to look at the NFT and not really possess it and therefore don’t get the same rights the real holder does. It’s like real art, the original peace can only be distinguished by the signature (talking in simple terms) and the blockchain represents exactly that signature.
Average people can spend the money to make it but no one will buy it...only relatively famous people will make money on mints... obviously that's a bit of an ignorant statement and there will be exceptions but... Maybe if minting them had real use like in that metaverse perhaps it can have value, but in my opinion it's really a fad to own your favorite people's pictures
All I can see is, we gonna have more snake oil salesman flooding social media with courses like be nft millionaires with my 49.99 course or grab ones in lifetime opportunity or be the first to grab next big thing 😂😂😂
Shes awesomeness 🤩 And i feel like his art 🖼 is worth more than all the other nft’s combined ever!!! (Plus she had free ad time on just the WALL STREET JOURNAL) But really he is the best artist! 🥇
This is like the 90’s explaining how a computer works and how to create your electronic mail address. If you’re reading this, congratulations your 5 years ahead of your time.
What makes people use/love memes is because anyone is free to use it When some rich NFT owner gets angry and sues, that will be the end of memes - copyright
NFTs feel like a big scam that a lot of people fall for. I know it’s not a literal scam. It just feels like a scam to me. Did Bernie Madoff invent NFTs?
You always make a nice video 😊 but I’m really tired of future predictions… it drives me crazy. I think crypto investment is better than stocks. Though I failed sometimes ago when I tried trading myself but Tisha Lauri helps me now
Money is an issue that everyone has for a better and luxurious life. Life was hard for me until I started making profits on my investment with the help of Tisha Lauri
Yea, I can't imagine myself wanting an NFT. The only place I can see them is on the Internet. I can see though wanting to belong to communities but they are sooooo expensive. Idk I still don't really get it lol I think it's a fad though that will fade away.
That is how you make the richest 4 year old lol. I would love to make a video about his success one day lol better yet WSJ making a film about his success.
What if I made 2 or 10 NFTs from the same file ( uploading and paying the fees 2 times ) then will be 2 copies from my art work then it will be all original copies isn't it ? If yes I can do that it will not be on Of the kind How would I know the author will not make other NFT copies
how i created hype and sold it to privileged class, aka scam how people share their assets with their wallets and carries money laundering, lol i would like to see if that unicorn can just be downloaded and applied a filter and aain a new nft can be created and if they want it to be secret then keep it to urself don expose it on web lol
I like this video so much. If you don’t mind, I would like to ask your permission to share this video to our free website in China for the reason that TH-cam is blocked from accessing in China. I will give sources of the original website. Thank you so much!
LOKAH SAMASTAH SUKHINO BHAVANTU is a Sanskrit phrase that translates to "may all beings everywhere be happy and free and may the thoughts words and actions of my own life contribute in some way towards that happiness and freedom for all" 💚👽🛸🐱🐶🐄🐷🐔🐳🐬🦜🦚🍀🍄🌎
![[#2024MAMA] G-DRAGON - 무제(Untitled, 2014)+POWER+HOME SWEET HOME+뱅뱅뱅+FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/Ox29z5Nf1Uk/mqdefault.jpg)
Very accurate. Because most NFT "art" looks like a 4 year old did it.
‘Not everything that is unique is valuable’
- Rinzo
Im NFTing this comment for $1 mil
That kid is going places.
And he very accurately explained what 99% of the NFT's minted today are.
If you’re confused, the last 9 seconds of the video pretty much sums up what NFTs are
As soon as humans have enough abundance to have their basics need met food,shelter,warmth etc,the next frontier is to create value in things that have no inherent value.The value turns into a psychological hype and excitement around a certain thing.That's what have been art paintings and now nft's.
It is all so stupid.
@@tvviewer4500 Agreed
This reminded me of Thoreau's Walden, at one point he says:
"The necessaries of life (...) may, accurately enough, be distributed under the several heads of Food, Shelter, Clothing, and Fuel; for not till we have secured these are we prepared to entertain the true problems of life with freedom and a prospect of success (...) By proper Shelter and Clothing we legitimately retain our own internal heat, but with an excess of these (...) that is, with an external heat greater than our own internal, may not cookery properly be said to begin?" This "cookery" I understand as creating value and meaning, personally, into our lives, making our lives even more our own, by going beyond the bare necessities (which can still be a big source of joy and meaning, too, the simple pleasures in life rock, call me a Hobbit). The problem arises, IN MY OPINION, when we're not enriched HUMANLY (as opposed to solely getting physically, financially, socially even, richer, in detriment! of our humanity) by the things we seek, inside or outside. But especially outside.
not really. its all about keeping those creating digital content honest. In the physical world, we use things like copyright and trademarks to protect the IP rights of the person who created something from having others use it to make money. NFTs are simply a digital way to do this.
Honest question: what’s wrong with a copy? Why do I need an original?
Nothing
Web shattered in 1 question
Clout
It depends on how you look at it
Me as an artist sadly not a big one and certainly need funds will appreciate direct sales since you are supporting me the artist whose passion is to create.
So having the original copy directly supports the artist behind it.
@@EarvinCorona basically eliminates middle men, if one chooses to acquire a digital file through legal means (in your case art)
Ugh let NFTs die already
@JuicyyzFPS Not really the same then, is it...
Anything Joanna Stern makes is pure GOLD ! This was entertaining yet informative
So it's a scam
That 100 dollar fee is what makes NFTs a big no-no for me. I'll just wait till all the rich people have "strengthened the network" enough for that fee to go down.
Agreed, why contributors have to bear all the fees with no guarantee of sales
you can use other blockchains where the fees are lower…
just use solana instead of ethereum or wait for when eth gets rid of gas fees in 8 months
Is a NFT an energy hog like crypto?
@@bngr_bngr it’s an asset that runs on crypto, so yes. But notice that not all block chains are equal, for example bitcoin requires much more energy to run a transaction compared to ethereum
"N F T"
"what's it mean"
"Boop"
I couldn't have explained it better myself.
I like this bubble that keeps growing.
Will be fun to see the devastations the crash will bring.
I will follow your news pieces from now on. Funny and informative at the same time. And superbly creative
She has a ling record. Check her other videos. She's been doing this for years.
NFT = best money laundry scam ever.
Best example of greater fool theory
her sarcasm is too good
Love how nobody read the fine print on the NBA one and on the majority of the cards they can just issue new ones
Oh, the bubble continues.
"I spent 150 us dollars on uploading my son's doodle to the internet" cool, good to know
As an art enthusiast, knowing NFT exist gives me hope that I can make money by doing art. And I bumped to one of the best NFT project- The Pop Cult. They got insanely good arts and if youre an artist they might consider your artworks.
Really good job of breaking it down for our parents. I will be sending this to my Dad.
Wow he really did something credits to that kid
This is why TH-cam disabled dislikes
I can't wait to commodify my kids imagination
Hhahahaha that’s a great idea! Buy a laptop with a drawing pad, let your kid play around, mint it, get rich.
Dude, write a book.
New title - how to monitize my children
I’ll just screenshot
Nft proves how dumb the world is, 100's of thousands of dollars for a fkn jpeg ?!?! Bahahahahhaaaaaaaa
@JuicyyzFPS nope
@JuicyyzFPS nobody can replicate your painting strokes 100% exactly, it is unique to you. Pixels on a jpeg are exactly the same as a screenshot i take of it.
Polygon has way better fees. Etheriums fees have gone crazy this year.
What stops someone to download the picture and upload it from his wallet ?
you’ll never ‘own’ the nft since the blockchain remembers who it belongs to and therefore confirms the owner of the nft
@@-Raumdeuter. How does it know that the picture I uploaded has already been nfted?
@@unskeptable It doesn’t. If you upload the same picture again then it’s theoratically the same NFT but since the owner of the original NFT is ‘embedded’ in the blockchain everyone can see that the reuploaded NFT is a fake.
@@-Raumdeuter. Fake doesn't mean anything if it is exactly the same thing.What is the value of owning the original, if every person on the planet can have the same nft with a click of a button? The whole business is a scam imo..
@@unskeptable Because they won’t possess the exact same thing. The people who screenshot the NFT don’t have any of the rights that come with the NFT. For example, when the blockchains confirms that you are the owner of an NFT, you’ll have special rights that only come when you’re confirmed on the blockchain. People who screenshot only have the ability to look at the NFT and not really possess it and therefore don’t get the same rights the real holder does. It’s like real art, the original peace can only be distinguished by the signature (talking in simple terms) and the blockchain represents exactly that signature.
Average people can spend the money to make it but no one will buy it...only relatively famous people will make money on mints... obviously that's a bit of an ignorant statement and there will be exceptions but...
Maybe if minting them had real use like in that metaverse perhaps it can have value, but in my opinion it's really a fad to own your favorite people's pictures
NFTs are cancer
All I can see is, we gonna have more snake oil salesman flooding social media with courses like be nft millionaires with my 49.99 course or grab ones in lifetime opportunity or be the first to grab next big thing 😂😂😂
The kid's art goes hard, mind If I screenshot?
Shes awesomeness 🤩
And i feel like his art 🖼 is worth more than all the other nft’s combined ever!!!
(Plus she had free ad time on just the WALL STREET JOURNAL)
But really he is the best artist! 🥇
Screw NFTs
This is like the 90’s explaining how a computer works and how to create your electronic mail address. If you’re reading this, congratulations your 5 years ahead of your time.
You too Ceaser
Not every child has a mom like that (and with the right connections)
What makes people use/love memes is because anyone is free to use it
When some rich NFT owner gets angry and sues, that will be the end of memes - copyright
You don’t necessarily get the copyrights by buying an NFT ;)
Right but what keeps anyone from creating a screenshot of the masterpiece rainbow unicorn and minting it into the blockchain?
Lame
What even is the point of this, what's stopping me from screenshotting it? It's not like there's a watermark or smth to prevent me from doing so??
0:26 Your Moms reaction = priceless☠️
Great video Thank you 🙏🏽
Do you mind to show me how to turn the drawings or craft into digital? Thank you so much ☺️
Do you think it’s funny to screenshot NFTs?
Peak insanity
NFT is a just proof of concept for web 3.0. That's the key point you should hit.
There is no value in NFTs
Absolutely amazlng
NFTs feel like a big scam that a lot of people fall for. I know it’s not a literal scam. It just feels like a scam to me. Did Bernie Madoff invent NFTs?
You always make a nice video 😊 but I’m really tired of future predictions… it drives me crazy. I think crypto investment is better than stocks. Though I failed sometimes ago when I tried trading myself but Tisha Lauri helps me now
Money is an issue that everyone has for a better and luxurious life. Life was hard for me until I started making profits on my investment with the help of Tisha Lauri
Wow, amazing to see others who trade with Mrs Tisha Lauri, I'm currently on my 5th trade with her and my portfolio has grown tremendously
This is not the first time I am hearing of Mrs Tisha and her amazing trading skills but I have no idea how to get to her.
@@zackfred7512 You can reach on her tele gram
@@zackfred7512 Thru tradewithLauri
Very useful video. Funny ending.
reality is literally a joke 😃
Don’t take this wrong way but I lover son especially the ending
Very interesting :) Great to understand the process. Love how he called it masterpiece :D Go little rockstar!
Yea, I can't imagine myself wanting an NFT. The only place I can see them is on the Internet. I can see though wanting to belong to communities but they are sooooo expensive. Idk I still don't really get it lol I think it's a fad though that will fade away.
What's up with the sound levels?
I am aslo an Artist can you help me to do NFTs arts ?I am from Srilanka
good one
Joanna is the best!!! Only journalist I trust at the WSJ!
she forgot about the carbon offset fee..
Is this video and title analogous ? If u know what I mean?
4:40 “Boom, i JUST GOT SCAMMED”
I didn’t know Rachel Ray works for WSJ
You're the best
Can i also mint a copy of original art?
Good Video Mum
Wow 400 likes ppl must rlly like this video!
That is how you make the richest 4 year old lol. I would love to make a video about his success one day lol better yet WSJ making a film about his success.
Isn't it just crypto copyright or trademark?
Dauphin River First Nation Manitoba Canada 🇨🇦
if his mother now selling apple products and nft then is the future of digital crime syndicate
Looks. Like an ad
A viewer tried to tip this video. More Info in our Account Bio.
money money money,
you are cool in crypto world when you own one😂
2 words: Beanie babies.
you used 2 words to announce 2 words lol
What if I made 2 or 10 NFTs from the same file ( uploading and paying the fees 2 times ) then will be 2 copies from my art work then it will be all original copies isn't it ? If yes I can do that it will not be on Of the kind
How would I know the author will not make other NFT copies
Great way to launder money.
very good. im nft artist. have a good day.
In 10 to 20 years, people will watch this video and laugh, like when Good Morning America was trying to understand the "world wide web" and "e-mail".
145 🧐
Nft means poops 💩 🤣🤣
I am sorry but are these NFT guys are dumb, I can understand paying for real art but to pay that much amount for a cat picture is just useless
how to make profit of of my childs imagination
fk NFT
7:21
Yup you lost me at blockchain
هاي قارئي نشرة ثمانيه
how i created hype and sold it to privileged class, aka scam how people share their assets with their wallets and carries money laundering, lol i would like to see if that unicorn can just be downloaded and applied a filter and aain a new nft can be created and if they want it to be secret then keep it to urself don expose it on web lol
Omicron will destroy any remaining semblance of a normal life in the US.
No, omicron is pretty harmless from what the WHO and CDC are observing. Things won't get truly bad until we get mu and theta
You need a weekly raise on your salary
I like this video so much. If you don’t mind, I would like to ask your permission to share this video to our free website in China for the reason that TH-cam is blocked from accessing in China. I will give sources of the original website. Thank you so much!
That thing is worth at least 10 million
🇺🇳5:18
Use me as a dislike button please!
Let’s go Brandon.
What an absolute bunch of bs
@JuicyyzFPS do you have nothing better to do than harass random people online for disagreeing with you
❗️Scarygames❗️
-Launch on 11 November 2021 🔥
-Doxxed 🔸
-marketcap $4,984,476 ✨
-Audit ✅
-NFT 🎇
-LP Locked🔒
.
LOKAH SAMASTAH SUKHINO BHAVANTU is a Sanskrit phrase that translates to "may all beings everywhere be happy and free and may the thoughts words and actions of my own life contribute in some way towards that happiness and freedom for all" 💚👽🛸🐱🐶🐄🐷🐔🐳🐬🦜🦚🍀🍄🌎