Under a grand. Is there anyone really stupid enough to think this is still worth anything at all?
this post was submitted on 11 Mar 2026
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I would actually pay like $100 to say I own the EFT some moron paid millions of dollars for. I've bought dumber things. I paid real money for a 100 trillion dollar zimbabwe bill that is completely worthless. Great for cocaine! I've also paid hundreds of dollars for 1 night of cocaine, dozens of times, and have nothing to show for any of them.
Pro tip: don't do cocaine while you still can choose.
Great advice, but I've been doing cocaine rarely for decades. Think I'll be right thanks.
Yeah i was thinking that the other day when they were talking about an 11 million dollar EFT now valued at 100 USD.
I was like, shit, I'd pay 100 USD for that one.
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What? You mean digital art that infinitely reproducible, can't actually be owned, WASN'T the next big thing? Oh jeez. I hope the metaverse succeeds and if not then AI surely will RIGHT?!?!
Hey but this cryptographic key says that I own it because I paid made up currency units for it or something
Hey but that made up currency I worked for by burning electricity, I mean MINING it.
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My favorite thing is there are certain NFTs that are viruses that as soon as you do ANYTHING with them, they go and transfer all of the contents of your wallet to another wallet. Even deleting them triggers this action. So if you have unknown NFTs in your wallet you can’t touch them lest they trigger this virus.
How could this not be the future of commerce?
WHAT?!? I've never heard of that! That's nefarious! WOW!
I got it from a Folding Ideas video (the problem with nfts one)
But here’s a link actually detailing it https://www.gate.com/learn/articles/beware-of-unexpected-nfts-and-assets-in-your-wallet-they-could-steal-all-your-funds/7682
Edit: for those that haven’t seen the video it’s worth the 2 hour watch https://www.youtube.com/watch?v=YQ_xWvX1n9g
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This was never anything aside from a scam designed to separate the tech illiterate from their money.
but for a brief period of time, some people made some money, while most participants lost
edit: do AI next
This describes our species’ entire existence 👌
we were the bored ape all along
Who could have predicted this? Literally impossible without hindsight and that's the revisionist history I'm sticking to.
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 think most people don't understand cryptocurrencies. On one side it's all hyperbolic about being your own bank and financial freedom and new tech, on the other side it's hyperbolic about how there is no underlying value, it's all going to 0, scams, drugs, terrorism, money laundering,...
But the fact is that crypto does have an underlying value. It's gambling. Gambling is a huge industry.
Also drugs.
I always said as long as crypto can be used to buy drugs, it will have value.
When everything we know in the world is gone and we're using rocks to make spears again, people will still want drugs, the value is eternal.
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Dramatic? I found this an entertaining example of dumbness 🍿🍿🍿
For sure. This is comedy, not drama.
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.
AI wasn't the NFT killer, right click > saveas killed it at the very moment of conception.
Digital scarcity is a complete joke.
Sure you can copy the image, but you can't have the same machine-readable hash indicating ownership in my private system!
Anyone with the most basic common sense knew it was going to end up like this.