So as someone who works with the College textbook industry, I can confirm that NFTs aren't even good for publishers. Publishers make money from forcing students into their own walled gardens of assignments, videos, activities, etc. Saves the instructor time and the student has to purchase limited time access to textbook content. That system makes more money for publishers than NFTs will (and is arguably more exploitative...)
Thank you for uploading and allowing me to push through the rest of the work day, much appreciated. And delighted to see Ed back, he's a favorite guest in my eyes. Great episode as always lads!
this episode was great. i love ed so much. he's always my favorite guest on binder's podcast. the man's rants are a work of art. another reason nfts are overwhelmingly stupid is that digital ownership is a myth. we live in the age of subscription services and streaming platforms where you do not get to own the thing you've paid for. you're just paying rent to access it. you don't get to buy a copy of word 2023 and use it for six years even though it's out of date like i did with word 2007. you can pay the dumb office 365 subscription fee or you can pirate it, but those are your choices. amazon acquired comixology and suddenly you can't download pdfs of anything you buy anymore. licensing deals change and suddenly the movie you bought on itunes is unavailable to download again. an idiot buys warner bros and nukes a bunch of series for the tax write-off and that's the last we'll probably ever see of them. we've even seen proof of that in the nft space already with the rug pulls where the urls change or break or redirect to something else. if it isn't a thing you can touch or save locally without relying on someone else's server, you do not own it.
If anyone had any actual interest in trading jpgs of template generated art *absent* the money, then they would have been doing it before NFTs, and would still be doing it. The scarcity is entirely artificial, if want to do it for the love of the art, nothing is stopping you -- which is how you know no one cares about the "art" itself.
You should definitely try diving into an icy lake. It's common practice in Finland and there are clubs specifically for this purpose. Of course, a sauna after is part of the experience.
Imagine if all the people who lost $$$$ on crypto scams bought something USEFUL like homes instead. Not just they, but the world would be a better place. Always entertaining, always informative.. TX
My NFT is a Minecraft 🏡 so Jk but I agree - for those who are hoping to change their lives through gambling and fall victim to this hype I feel sympathy for. For those who have the means to own a monkey and entry to the special monkey club just because - welp it sounds like they had money to blow on random shenanigans and thank god it’s not me with an nft stain of an impulse buy
Love this discussion. The religion analogy, driven by the state of our society and economy, digital tribalism with lack of access to physical communities definitely resonates. There really is a lack of joy with all this hoarding, in the supposed prime time for collectibles and I've never seen less desirable and more lame stuff out there.
Thing is Crypto dudes don't get to decide what "Play To Earn" means, it existed long before Crypto, with Entropia Universe, and Eve Online, both games are 20 years old. Play to Earn, doesn't require Blockchain, and a market exists, but it's a microscopic niche genre, and a trend that failed to gain Traction first Time, most died early deaths. NFT's only had one true purpose, to get one coin Hodlers trading, and paying the fees, as long as they stay on a blockchain, the leeches, can suck out fees, but can't with one coin hodlers. Artists make money selling art once, they DO NOT profit from second hand markets (Auctions), they make money fulfilling commissions, digital, or physical it's all the same for artists..
I became a cubs fan because they sponsored a baseball teaching program at a local park that kept me out of gang life. To be a die hard fan when they sucked so bad was because you loved the game and the environment of the stadium being more like an actual park.
Ed being so hyped is hilarious. Also Pokémon is cool! If you’re interested in the subject - John Berger’s book ways of seeing and his pbs show on TH-cam touch on the phenomena of the original. Y’all hit the nail on the head - it’s just for money but this corner does touch a tad on the cultural idea and value of an original artwork…. Which makes me also tie ownership of images to bill gates putting all artwork images free online but then had a painting from a triptych that he was going to keep any images of it offline so he had it to himself… and a triptych at that. I’m pretty sure that’s no longer the case but that phenomenon around original artworks is a theory hole that can explain why silly NFTs exist
23:00 This is what MLM works on and is discussed deeply in Ponzinomics by Robert Fitzpatrick.... The government BENEFITS when people believe that success is possible for EVERYONE, in spite of the awful reality that upward mobility is hopeless for many (and crypto promises this)....
Hey I think you uploaded the wrong episode on the podcast feeds. Unless it was a glitch on my end, it was the Michael Saylor episode listed as this episode
18:30 it's not the same, no one expects to buy anything related to Pokemon just to turn around and make money off of it to the next sucker. It's why NFT people that try to replicate the game can never do it.
I just watched this because of all the crypto cons going on. Nice to see Blofeld's son has not followed in his fathers footsteps. A little worried as he is playing with a cat.
3:14: “ticket friends” in the subtitles should be “dickhead friends”. I saw that clip when you posted it on twitter and it actively made me stupider. thank’s
I personally can’t agree more. At the same time generations z and alpha are different. My daughter is more interested to get some virtual furniture or avatar perks in Roblox than having a real thing. For the virtual is real. Nft of today are useless shit but they will progress and minecrafts and robloxes of the coming years will fully integrate it into the game play. But it wont be Yugo labs story, it will be Microsoft and Roblox and such
lol what you're comparing pokemon to NFTs, come on man, i know you've seen NFT's, did you never get into pokemon. Pokemon is dumb, but the games were amazing when you were a little kid. 8 year old me loved walking around pallet town when on the original gameboy.
I've played enough video games to know that people enjoy collecting stuff, real or virtual, and even totally useless stuff. In fact I'm sure all humans collect, only sometimes it's of a more conceptual nature like 'experiences'; travelling, memories, sexual encounters, or a bucket list of life things... To each their own. So why not NFTs? Crypto is obviously baloney... right up until it gets a use case. NFTs are a use case. Gaming NFTs are the easiest to understand: If you want to use X item (hat/sword/car..) in Y game then you need the NFT that goes with it. Of course, if you advertise your game as "Play to Earn" then there's a mathematical guarantee that it ends up a ponzi, and people get hurt. But on the other hand, it should be legal to speculate on things. Maybe it just shouldn't be advertised as such. But I can also understand why game devs are apprehensive about using NFTs. First it's an invitation to all the trash of the world: hackers, cheats, scammers, money launderers... A big hurdle is that Apple/Google/Valve/etc don't want NFT games on their stores, probably because it circumvents their payment systems. Unclear regulation doesn't help. Will the Ubisofts, the EAs, etc want to gamble on what the regulation will be? So gaming NFTs may have been somewhat stifled, and whether it can still succeed remains to be seen. just thinking out loud.
"Gaming NFTs are the easiest to understand: If you want to use X item (hat/sword/car..) in Y game then you need the NFT that goes with it." If a game did that I'd just install a mod that lets me have all the stuff without needing the NFT.
"The next Marvel Comics". Just substitute being a part of US culture since your great grandfather read them as a kid with making small changes to an ugly monkey you just made up 6 months ago.
"I would say it was harmless if it was harmless." EZ I love this. I think what I find so sinister about the space in general is that it has a cruelty and contempt for anyone who is not pulling the rug. And for crypto and NFTs by extension to purport to be "good for" anyone not in on the grift is such a contemptuous lie. It's infuriating. Great episode!
Great, funny talk! NFTs make me cringe. Like any craft, you're a artist/composer/writer etc. when someone established in the craft tells you you are. You don't convince anyone you're a pro by putting a ridiculous price tag on something.
Yeah it’s so disappointing we’ve missed out on things like “turning our fans into shareholders”. By the way, y’all haven’t posted in a while, I hope you haven’t missed out on making money!
Ed Zitron is so on level with you two. Intelligent and ethically sound epistemology delivered with deadly humor. 🤣😂🤣
LET'S GO. CCC beats working 😅
I’ve seen Mr. Zitron on Matt Binder’s show. He’s always an entertaining guest. 🤣👍🏽
Great background and quality. I'd go so far as to say your best.. Professional work 🔥
So as someone who works with the College textbook industry, I can confirm that NFTs aren't even good for publishers. Publishers make money from forcing students into their own walled gardens of assignments, videos, activities, etc. Saves the instructor time and the student has to purchase limited time access to textbook content. That system makes more money for publishers than NFTs will (and is arguably more exploitative...)
Having to use Pearson's online "mastering engineering" course nearly made me rage quit. All I learned is that I hate Pearson.
Honestly we need a bonus episode where each of you go ham on what weird thing you’re collecting
Thank you for uploading and allowing me to push through the rest of the work day, much appreciated. And delighted to see Ed back, he's a favorite guest in my eyes. Great episode as always lads!
Wouldn't be an Ed Zitron appearance without his magnificent cat making an appearance.
this episode was great. i love ed so much. he's always my favorite guest on binder's podcast. the man's rants are a work of art.
another reason nfts are overwhelmingly stupid is that digital ownership is a myth. we live in the age of subscription services and streaming platforms where you do not get to own the thing you've paid for. you're just paying rent to access it. you don't get to buy a copy of word 2023 and use it for six years even though it's out of date like i did with word 2007. you can pay the dumb office 365 subscription fee or you can pirate it, but those are your choices. amazon acquired comixology and suddenly you can't download pdfs of anything you buy anymore. licensing deals change and suddenly the movie you bought on itunes is unavailable to download again. an idiot buys warner bros and nukes a bunch of series for the tax write-off and that's the last we'll probably ever see of them. we've even seen proof of that in the nft space already with the rug pulls where the urls change or break or redirect to something else. if it isn't a thing you can touch or save locally without relying on someone else's server, you do not own it.
Excellent episode, please keep up the great work
Do you get the feeling that all this NFT Sh** coin nonsense is about to come to a screeching halt? I do. But then, I'm old, so I may not understand.
i do too. age is just a number mate
"I had all my monkeys hacked last week because I wanted to make them sparkly"
Hahahahahaha 🤣🤣
It's so funny because it's true.
If anyone had any actual interest in trading jpgs of template generated art *absent* the money, then they would have been doing it before NFTs, and would still be doing it. The scarcity is entirely artificial, if want to do it for the love of the art, nothing is stopping you -- which is how you know no one cares about the "art" itself.
I'm a simple man, I see Ed Zitron is the guest, I click play.
I've been binge watching y'all for over a day now and this is my favorite guest so far!!!!! I am 🤣🤣🤣🤣💀
You should definitely try diving into an icy lake. It's common practice in Finland and there are clubs specifically for this purpose. Of course, a sauna after is part of the experience.
Excellent engaging talk about NFTs, I just have zero interest in them...
I am criminal crime commiter - Celsius Employee
I completely forgive you guys for the Mark Cuban interview. This was great!
Imagine if all the people who lost $$$$ on crypto scams bought something USEFUL like homes instead. Not just they, but the world would be a better place. Always entertaining, always informative.. TX
My NFT is a Minecraft 🏡 so
Jk but I agree - for those who are hoping to change their lives through gambling and fall victim to this hype I feel sympathy for. For those who have the means to own a monkey and entry to the special monkey club just because - welp it sounds like they had money to blow on random shenanigans and thank god it’s not me with an nft stain of an impulse buy
Love this discussion. The religion analogy, driven by the state of our society and economy, digital tribalism with lack of access to physical communities definitely resonates. There really is a lack of joy with all this hoarding, in the supposed prime time for collectibles and I've never seen less desirable and more lame stuff out there.
Here in the southeast we had that kind of love for the Saints football team.... It was enjoyable masochism.....
Thing is Crypto dudes don't get to decide what "Play To Earn" means, it existed long before Crypto, with Entropia Universe, and Eve Online, both games are 20 years old.
Play to Earn, doesn't require Blockchain, and a market exists, but it's a microscopic niche genre, and a trend that failed to gain Traction first Time, most died early deaths.
NFT's only had one true purpose, to get one coin Hodlers trading, and paying the fees, as long as they stay on a blockchain, the leeches, can suck out fees, but can't with one coin hodlers.
Artists make money selling art once, they DO NOT profit from second hand markets (Auctions), they make money fulfilling commissions, digital, or physical it's all the same for artists..
Come for the intelligent analysis of web3, stay for the kitty.
Wow! Let’s go down the toilet? That’s the pull? Ah lawwdy!
Set a precedent with a small case, and use that for bigger cases. .... Dang.
But let's give a hand to Steve for keeping the excel sheet updated 😎
I became a cubs fan because they sponsored a baseball teaching program at a local park that kept me out of gang life. To be a die hard fan when they sucked so bad was because you loved the game and the environment of the stadium being more like an actual park.
Ed being so hyped is hilarious. Also Pokémon is cool!
If you’re interested in the subject - John Berger’s book ways of seeing and his pbs show on TH-cam touch on the phenomena of the original. Y’all hit the nail on the head - it’s just for money but this corner does touch a tad on the cultural idea and value of an original artwork…. Which makes me also tie ownership of images to bill gates putting all artwork images free online but then had a painting from a triptych that he was going to keep any images of it offline so he had it to himself… and a triptych at that. I’m pretty sure that’s no longer the case but that phenomenon around original artworks is a theory hole that can explain why silly NFTs exist
What is the deal with the CCC logo? It looks intriguing but I don't know if it means something specifically? What's the story about it?
At least with Damien hirst there's some spectacle to it. NFTs don't even have that
Chris Farley!!! 😊
my questions have been answered
23:00 This is what MLM works on and is discussed deeply in Ponzinomics by Robert Fitzpatrick.... The government BENEFITS when people believe that success is possible for EVERYONE, in spite of the awful reality that upward mobility is hopeless for many (and crypto promises this)....
8:13 Roman coins are cool, though.
The super tight hoodie (hood?) with the oversized hat and the phones over the top. Classic!
Edit: Farley Lives!!!
Cas?! Your style?! 😍😍😍
Hey I think you uploaded the wrong episode on the podcast feeds. Unless it was a glitch on my end, it was the Michael Saylor episode listed as this episode
You are right! We did. It's in the process of being corrected
Podcast? Going to find the feed now.
It's the same episodes that go up on TH-cam! TH-cam also gets some bonus videos which never hit the podcast feed
Came here to say this. I was really confused for a moment lol.
Ed’s cat so lovely
18:30 it's not the same, no one expects to buy anything related to Pokemon just to turn around and make money off of it to the next sucker. It's why NFT people that try to replicate the game can never do it.
I just watched this because of all the crypto cons going on. Nice to see Blofeld's son has not followed in his fathers footsteps. A little worried as he is playing with a cat.
3:14: “ticket friends” in the subtitles should be “dickhead friends”. I saw that clip when you posted it on twitter and it actively made me stupider. thank’s
A support group for your bad decisions is by far the best definition of religion I’ve ever heard.
Man that had to be the most pessimistic guy ever
I personally can’t agree more. At the same time generations z and alpha are different. My daughter is more interested to get some virtual furniture or avatar perks in Roblox than having a real thing. For the virtual is real. Nft of today are useless shit but they will progress and minecrafts and robloxes of the coming years will fully integrate it into the game play. But it wont be Yugo labs story, it will be Microsoft and Roblox and such
There are a heck of a lot of cuts in this one and I can only assume it's because of Ed's potty mouth lol.
Algorithm
lol what you're comparing pokemon to NFTs, come on man, i know you've seen NFT's, did you never get into pokemon. Pokemon is dumb, but the games were amazing when you were a little kid. 8 year old me loved walking around pallet town when on the original gameboy.
I've played enough video games to know that people enjoy collecting stuff, real or virtual, and even totally useless stuff. In fact I'm sure all humans collect, only sometimes it's of a more conceptual nature like 'experiences'; travelling, memories, sexual encounters, or a bucket list of life things... To each their own.
So why not NFTs?
Crypto is obviously baloney... right up until it gets a use case.
NFTs are a use case.
Gaming NFTs are the easiest to understand: If you want to use X item (hat/sword/car..) in Y game then you need the NFT that goes with it.
Of course, if you advertise your game as "Play to Earn" then there's a mathematical guarantee that it ends up a ponzi, and people get hurt. But on the other hand, it should be legal to speculate on things. Maybe it just shouldn't be advertised as such.
But I can also understand why game devs are apprehensive about using NFTs.
First it's an invitation to all the trash of the world: hackers, cheats, scammers, money launderers...
A big hurdle is that Apple/Google/Valve/etc don't want NFT games on their stores, probably because it circumvents their payment systems.
Unclear regulation doesn't help. Will the Ubisofts, the EAs, etc want to gamble on what the regulation will be?
So gaming NFTs may have been somewhat stifled, and whether it can still succeed remains to be seen.
just thinking out loud.
"Gaming NFTs are the easiest to understand: If you want to use X item (hat/sword/car..) in Y game then you need the NFT that goes with it."
If a game did that I'd just install a mod that lets me have all the stuff without needing the NFT.
You guys must be happy with the new white house report... CBDC, say goodbye to your freedom...
"The next Marvel Comics". Just substitute being a part of US culture since your great grandfather read them as a kid with making small changes to an ugly monkey you just made up 6 months ago.
cool video again guys. the nft community is absolutely cringe, especially kids like degods who literally just burst into puberty, very very insane !
"I would say it was harmless if it was harmless." EZ I love this. I think what I find so sinister about the space in general is that it has a cruelty and contempt for anyone who is not pulling the rug. And for crypto and NFTs by extension to purport to be "good for" anyone not in on the grift is such a contemptuous lie. It's infuriating. Great episode!
Great, funny talk! NFTs make me cringe. Like any craft, you're a artist/composer/writer etc. when someone established in the craft tells you you are. You don't convince anyone you're a pro by putting a ridiculous price tag on something.
I watched this show and now all my apes gone
"b..b..but ape fest!"
You're so worried about being wrong that you refuse to be right!!!!
"Think of how many cats you could buy..."
All I hear is 3 bros complaining about missing on all the money all of us have made the last couple of years in crypto and NFTs. Y’all are pathetic 😂
Yeah it’s so disappointing we’ve missed out on things like “turning our fans into shareholders”. By the way, y’all haven’t posted in a while, I hope you haven’t missed out on making money!
We all know you're just mad because you didn't invest in CasCoin smh
Sounds like the party is over Petar 😂