this post was submitted on 11 Mar 2026
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I remember playing with Stable Diffusion in 2022, and thinking "Oh. That's the end of NFTs."
NFT art was stupid to begin with, of course, but SD was such a blatent, extreme inverse of the "artifical digital scarcity" angle. If I wanted a shitty, albeit "unique" and deterministically reproducible digital image, I could just make it in 30 seconds on a desktop. If I wanted a certain look, I could use img2img or eventually controlnet and all sorts of augmentations.
Yes, junky AI was junky AI, but ironically it was the antithesis of everything NFTs stood for. Instead of "digital information is worth commodifying at great expense," it was "digital information is basically free." And I still find it amusing that Tech Bros and con artists jumped from one ship to the other so quickly, or somehow have feet in both.
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But Gary Vee told me NFTs would make me rich!
That guy was on one of my favorite podcasts a few months ago, "Are You Garbage?". Granted, part of the podcast is talking about your past, but this guy never stopped talking and it was always about himself and how great he was.
He suffers from some sort of mental health disorder that doesn't allow to smell your own shit. That guy is fucking nuts.
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NFT just served as a training opportunity for the people behind it to learn how to get away with legally scamming people, not surprised the Reddit admin was all in on it when it came out.
In hindsight, the monkey NFT thing was a "good" idea but poorly implemented. It was an attempt to create a digital version of beanie babies or baseball cards.
I mean "good" if you consider beanie babies and baseball card collecting and the value speculation a good thing. (I don't.)
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Its not worth a single cent in reality
That was the most goddamn awful thing ever seen. Where are those shitheads who first sold the fucking idea?
Haven't heard anything in a while. So things aren't going so well? 😂
Dramatic? I found this an entertaining example of dumbness 🍿🍿🍿
For sure. This is comedy, not drama.
I purchased a really cheap NFT domain that I can link my cryptocurrency wallet address to so that instead of having to type out the 90 character string and get it right, you can type out a human readable domain. Other than that small use case, I've never had any other reason for it. But hey, it's kind of cool. And I don't see why not keep it since I already have it. And as I said, it wasn't that expensive anyway.
I would replace "dramatic" with "predictable". Everybody knew it was bullshit. It was like tulip mania, but without actual tulips.
These ape NFTs are also the ugliest and dumbest thing ever. Their faces look like hairy testicles. Whoever spent more than like $0.5 for this, fully deserves the outcome.
Digital ownership tokens could work if there legal framework imbuing digital property with the same attributes as physical property, i.e. legal ownership and the right to sell, trade, donate, loan or destroy it just as with a real thing. And tokens would have to be maintained by a single platform with legal weight behind it. If there were such a thing and platforms were compelled to support it, then it could work.
But NFTs were not that. They were a scam from the get go. I truly wonder how anybody could be stupid enough to believe a URL pointing at a machine generated picture would ever be worth something let alone appreciate in value. Or buying content in dogshit NFT based games like Legacy or Earth 2. Or that scam game Logan Paul endorsed. Or buying real plots of land such as on "Satoshi" (Lataroa) Island - a malaria riddled jungle that was sold as libertarian asshole utopia before it flopped. But people did. Because people are stupid.