NFTs, Blockchain and Crypto. Explained
- January 25, 2024
- Posted by: MainInstructor
- Category: Blockchain Learning Tutorials
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Video Title: NFTs, Blockchain and Crypto. Explained
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Amazing content. You are still the best! It's been a year since I found ways to improve my finances and by working with a recognized professional, I was able to achieve financial independence. I have to say this; “As long as you have determination and work hard, you can achieve anything you set your mind to.”
Beware: Basically every youtube video referencing crypto, investing, etc. has a scam thread like "It's so hard to keep wealth in this volatile market" and the replies are shilling someone.
Absolutely amazing video, I have finally realised that as a beginner in the financial investment market, you can achieve close to nothing yourself because you still have a lot to learn. Trading with a professional broker is more profitable and my advice for beginners is to always take advantage of that.
The vague optimism for NFTs really aged like milk. Personally I think the whole idea of PoW blockchains has been shown to be deeply flawed. The core of the idea is that you can make a “trustless” system. That’s a fantasy. There is no such thing. Even with Bitcoin. Whoever is trying to sell you that idea wants you to believe that you can buy into what they’re selling without any risk.
PoS blockchains probably have the same deep flaw, but I’ll reserve my judgement until it has played out more.
Proof-of-authority blockchains may have a value, because it’s not a system trying to fool you. The trust is made explicit instead of implicit.
11:21 REI AYANAMI
This aged well!!!😂😂😂😂😂
And … crypto/nft value crashed, became hated for offering nothing for its implementation, etc
APOCALYPSE Play-To-Earn NFT game gives Players the opportunity to recruit their heroes, craft their weapons, wands and shields to fight mobsters and gain level to earn.💰💰
APOC and 1682022
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NFTs can be stolen actually when it's just a JPEG.all it has to take is being hacked
Not gonna lie; I prefer Crypto over NFTs.
It's more liquid
I am actually tired of worrying about stocks and stuffs… its driving me nuts these days, I think cryptocurrency investment is far better than stocks
NFTs are a pointless exercise that'll only end up doing more damage than helping.
Ex. Someone screenshots WIL's face, makes an NFT out of it, and then now 'owns' the picture, but none of the intellectual property of the subject of the photograph. Even then they can't sell the picture of WIL's face because he owns the rights to how his image is sold. So he can sue you if you try to sell an NFT of his face.
It's really not that complicated, the only way these are actually worth something is there is some level of enforcement and general understanding of the process of NFTs by the government or some such.
Unfortunately that's the process youtubers are going through now where video game streamers can't even stream the music from the game they're playing or they'll get a DMCA takedown, but imagine that process applied to memes, pictures, etc etc. The biggest beneficiaries would be the companies that can afford to buy up all that property and they'll use it against YOU. The little guy.
Nice video,
It is really helpful to us traders,
Investing in crypto is the best and fastest way of making money, but only few understood the secret of crypto currency.
hello i have bitcoins for sale i only need matured minds please let's deal
I can unequivocally say that trading is one of the most profitable and lucrative business for every investors with the right expert.
Yes that true
Just wanna point out that understanding the mechanism of how Blockchain works has nothing to do with whether you become a millionaire by trading on Blockchain. It's a pure speculative gambling, and you win or lose by gambling in it (just like most of financial products, but even more to the extreme). It's like most of us understand how Roulette works, but that has nothing to do with whether you can make money off playing Roulette.
it seems to be that the biggest flaw with any of this is that it is allcompletely useless
Add DUNKs to your portfolio, this is about to take over the crypto world like they said. The marketing is going crazy, community is fun, and we always shill together.
Mint your NFTs for zero fees with gateio
When it comes to the world of investing,most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
Clicked off as soon as he used the term “hunter gatherers”
You can't decentralize crypto currency and NFT if they are still exchanged under real currency. This whole thing is just a scheme.
You don't own "the unique original" piece of art, like you would with DaVinci's Mona Lisa. It's as though ONLY Jpeg's of the Mona Lisa existed. They are not only COMPLETELY FUNGIBLIE, but also ABSOLUTELY FREE. All the NFT is is a receipt- it has nothing to do with "owning" an original piece of art. It's a total scam. It's completely useless. At least in Decentralland or the MetaVerse, you own something unique and useful in the game. NFT's would be like you have something in the game that literally everyone can have, but you have a receipt for yours. Who cares- the receipt is useless if everyone else can have the same thing without the receipt.
This video lacks some nuance, so be wary dear reader. It doesn't mention the financial bubble aspect, the weaknesses it posseses, the deep and recent climate impact it has, the thriving culture of art theft and ponzi scheming, the challenge it provides to the notion of ownership itself, the practical solutions it provides to ownership that centralized systems don't already solve at a fraction of the time and a fraction of the energy cost, the criticisms it has received over the years and the contemporary failing and shortcoming of the most popular projects on date. While the technology has potential, it has a lot of shortcoming and issues it is yet to address the issues it has and solutions it can provide.
If you're new to the topic, welcome! It's been a while since the topic has met the mainstream sphere. This is a nicely animated introduction to what the concept can be for the end, non-techy user experience, but the rabbit hole goes deeper. I'll be linking two video essays, with different takes than this one, so you can also get a different side of the coin and eventually get yourself into further reading and decide for yourself.
dank
Can't believe how my man just so nonchalantly promoted Japanese bondage on his channel.
Im sorry but NFT's, Crypto and digital land are scams
Ok this was a well-made video. Thanks!
interesiting how you manage to mutate colective property into "yours" just cause you defend it
This is the first video I’ve seen that actually fully explains what NFT’s are, and how they work. I actually have a better understanding of these things.
Thank you!
Great video. But I still can't help but correct it. These things are bugging me to a breaking point. So many miss-consceptions. It's in the literature itself.
Blocks are hashed, not necessarily encrypted. Encryption isn't necessary when its already public and permissionless.
You missed the important part of it. Ie: the chain, where the name comes from.
Blockchains aren't necessarily decentralized, they can be centralized. Bitcoins is not, same with most cryptos as they are intended to be anti-government.
Satochi didn't invent or propose the blockchain. Just look again at the paper itself, the timestamp server is even cited in the paper… Their >only< contribution, big but only, was using previous work in a way to have a working system that is permissionless and public with no central authority without having the issue of double spending.
Not new, a different perspective.
Also keep in mind that NFT'S must first be accepted in law for ownership to actually matter. Though the potential is there, right now it doesn't legally represent anything. Because at the end of the day, we live with governance.
Otherwise great job