NFTs, or nonfungible tokens, are a new craze breaking out in the world of cryptocurrency, but what are you actually buying? #DailyShow #TrevorNoah #NFTs
NFTs, or nonfungible tokens, are a new craze breaking out in the world of cryptocurrency, but what are you actually buying? #DailyShow #TrevorNoah #NFTs
Entertaining BUT actually very helpful. Thank you!
ReplyOnce things go back to normal be I am gonna miss this crazy Trevor!
ReplyImagine if a emp went off destroying there computer and they had no back up lol
ReplyGreat video. Only one correction… Ethereum blockchain only accounts for 0.02% of the world’s power. Also, much of the mining is accomplished using renewable energy. If the world is trying to fix the last 0.02% of energy production in order to fix the climate change problem, then the world is in a much better place than it is right now.
ReplyI dont get NFTs, do you own the rights to a video you bought? How can you be sure it’s authentic and not a copy? How can you stop ppl from making copies? Im still under 30 and I feel too old for this
ReplySnl explained this pretty well lol
ReplyIFPS – International Fluid Power Society is where the smart host NFTs. Decentralization is the future. Trevor was spreading big FUD at the end of this video.
Replyeconomic explain had made a video on this topic if you are interested
ReplyPlease don’t cut your hair when you go back on the set.
ReplyI have a folded up piece of paper from some wandering guy, while I was on an Australian beach at night.
It shows his representation of the creation of the universe.
One of a kind.
Lemme know. Lol.
ReplyScam .
ReplyMarket and demand. Eh…part of the economy creating new jobs etc… But is this new market patent? The BET industry is going to get creative…no worries…There are many sectors umbrella under the Art category that is part of the whole economy. I take it that you’re not a visual art person eh???
ReplyThis is all BS for more fools to be separated from their money. Am NOT impressed.
ReplySometimes artists can make money off this, but most of the time people are just making millions on art that other people created.
Replyyep el scam Ola
ReplySorry Trevor but SNL already taught me what an NFT is
ReplyI there anyone else that still didn’t understand ?
ReplyErrrr, R. Kelly also had a video (If I could turn back time) where little pictures turned into one big picture of him….lol
Replyhere i m, in 3rd world country, wishing covid would just go away. like your last president. hehe
ReplyThere are alternative blockchains for NFTs that don’t require killing any polar bears. Might take a paw or two but not the whole bear!
ReplyNFTS is the convoluted and dumbest thing online ever
ReplyDude, get better informed about blockchain hey. Your assumptions towards the end are so……
ReplyAre y-all a-gonna ku-razy!?
ReplyNFTs make sense in a certain context. For e.g., if you want to have a digital record that you own your car / car registration / house. So if it is tied to a physical asset whose title you don’t have to carry around to prove ownership.
ReplyBut I don’t understand the ways it is being used currently for e.g., owning the NFT on Jack Dorsey’s first tweet. That tweet is authored by Jack Dorsey, hosted on twitter but somehow you own it? So what does ownership even mean then when it is associated with a digital asset which can be copied (like a song /video)?
did i hear trevor said 69?
Replya
ReplyThe best 21st Century grift. Periodt
ReplyThis was a bad segment, full of partial facts, very misleading and overemphasizing the risk, also if you’re concerned by the energy consumption look up Proof of Stake (POS), operates on a fraction of the ETH blockchains energy
ReplyFuture court cases are going to be a nightmare for judges with them NFTs..
ReplyDang man turn up the volume bro
ReplyI am aparently so old from 1992 that I don’t see the value of a NFT. I am hanging on to my hard earnd money!
ReplyI wish you would talk about the environmental damage done my NFTs.
ReplyJust one push of a button and all that money and NFTs are gone.
ReplyThis show has turned into a youtube show and it’s sad.
ReplyNice to see the mainstream getting some info, but the whole server going down and losing your NFT/Crypto is not true. Etherium would have to disappear for that to happen
ReplyThis is basically a digital version of the Rai stones from the island of Yap in Micronesia…
ReplyGreat. Trevor made a new fact meme format.
ReplyAnother problem about nfts is that artist’s work on the internet can be turned into nfts without the artist’s consent
ReplyAmErican umans have gone crazy
ReplyScam
ReplyRich folks will buy then the server will magically go down and insurance will pay 3 times the original price on some thing that doesn’t even exist physically.
So…it’s basically like buying a star….
ReplyOceans 14 would be about a bunch of nerds hacking an NFT in their parent’s basement.
ReplyI still don’t understand
ReplyThis is one of the stupidest things ever.
ReplyThe rap segment has Roy Wood Jr written all over it.
ReplyThank for your comment, l will refer you to my trade analyst and………..
ReplyWhat an idiotic waste of money!
ReplyCan you insure NFTs?
ReplyNTF’s definitely feel like there’s illegal money being moved with it
ReplyCould we use some of that money to feed kids in africa… You know starving children
Reply……… WHAT?
ReplyWhy would you buy something that is for free xd
ReplyI feel like the people wasting that kind of money could be using it for a better purpose……….
ReplyIf you don’t know, now you know, that you will never know
ReplyAlso, there is nothing stopping DogeFT from selling the same “ownership” to that official dunk to someone else.
ReplyDynamite Mario impression
ReplyNFT’s….sounds like a con, grift. My head hurts.
ReplyI love to have enough money to waste on NFTs. I would use it to do something sensible.
ReplyThis is literally a new all time HIGH of stupidity.. I mean come ON ..quarantine is not that bad people SMH
ReplySome people just have too much money and too little sense.
ReplyWait why is the rap song lowkey fire LOL
ReplyThe point of NFTs is that they are pointless. Y’all could’ve donated that cash to my poor a**.
ReplyI have a gif of Thor shouting “Yes!”. $3M.
ReplyAnd the worst part is that you can’t make a backup because that would defeat the whole purpose behind why you were willing to spend so much money on it in the first place. If it were possible to make a backup, then there would be no way to be sure that you own the original and were not sold someone else’s backup.
ReplyAnything digital can be replicated endlessly for free. The Web inherently makes money meaningless.
ReplyAre they federally insured? Lol
ReplyI can’t be too old at 26, already, can I? I don’t understand a single thing about this. It’s completely beyond me.
ReplyI’m watching Trevor so I can know what is happening – and it hit me – I’m one of those grandmas trying to stay hip.
ReplyThanks! Now I know that I don’t care for NFT.
ReplyGeezus, people have a lot of money to spend out there..
ReplyBut do you own the rights to the art? As in, can you produce it on liscened merchandise?
ReplyI thought NFT was non-sufficient funds transfer
ReplyOh. Yeah. I’ve got an NFT; an _extraordinarily_ rare NFT. It’s got footage of Trump accurately pronouncing the words “anonymous” and the “states” and personally playing the guitar at his oceanside resort in Arizona. It’s _quite_ rare.
Replyngf
ReplyI hate rich people.!
ReplyMeh… sounds like another tech-savvy, rich conman’s scam to me.
ReplyWhy not just commission the artwork from the artist?
ReplyI make ITEMs. NFTs are soooooo 90s
ReplyTrevor’s Youtube channel is getting better and better
ReplyThe question I have is this : Who is plaiting Trevor’s hair every night to maintain the lushness of his fro? Who is detangling it for him? I’m just so in awe of how healthy it looks…
ReplyDigital art is not true art; any computer or chimpanzee can make the same piece. Whoever paid all that money for an NFT is an idiot who has too much money with no taste in art.
ReplyNot gonna lie, I had to laugh at what the ‘experts’ were saying. That clearly were not experts. If the ‘website’ goes down, you do not lose your NFTs. That is not how blockchains work, not at all how they work. Sad to see that the Daily Show is pushing info this bad and obviously false.
ReplyThe whole thing about the Blockchain is that it’s replicated through thousands of computers across the world, it’s a decentralized network meaning there isn’t any centralized access point that hackers can exploit or if some of that computers are down there will be still thousands of copies.
If you lose your private key, yes, you are going to lose control over what you have signed. It will still be signed in the Blockchain network but you won’t have any way to confirm that document is signed by your private key.
ReplyHe looks like the weekend ngl
ReplyTrevor doesn’t wear pants, lol
ReplyIn other words skip the nfts and buy ethereum
ReplyAnother $cam. This time for rich people!
ReplyI blame World of Warcraft, it all went downhill when people started paying for ingame stuff.
ReplyThey didn’t even mention the art theft involved
ReplyMy head hurts after watching this.
ReplyMANY WOULD DIE FOR LACK OF MANDATED GLOBAL CZAR FROM LOWEST CORONA
INFECTED COUNTRY TO CONTROL HIGH-INFECTED IN NEED TO STOP ENDANGERING
THE WORLD. NO ESCAPE but TOTAL UN/WHO-MANDATED CZAR WAR AGAINST
Non-Abating CORONA DEATHS RATIOS, CDR. Apr 9/21 Data Source WHO-JHU:
A. HIGH CDR-COUNTRIES IN NEED OF CZAR CONTROL, E.G.
MXC 9.09- SDN 6.85- SYR 6.79- CN 5.13- EQD 5.01- BLV 4.46-
PRU 3.90- GTM 3.59- IRN 3.38- AUS 3.09- UK 2.91- BLG 2.67-
GR 2.66- BRZ 2.55- SP 2.29- CND 2.25- RUS 2.21- PRTG 2.05-
FR 2.02- U.S 1.81- SWS 1.70- SWDN 1.60- NL 1.26- FINL 1.07.
B. STEADY, LOWEST, CDR-COUNTRIES, E.G.
SNGP 0.05- BUTN 0.11- MNGL 0.14- QTR 0.17-
MLDV 0.27- UAE 0.32- TLND 0.32- BHRN 0.36-
MALAS 0.37- CYMN 0.39- ICL 0.46- CUB 0.53-
FG 0.54- CURC 0.56- SYCL 0.56- SnVNC 0.56-
SLNK 0.63- CYPR 0.64- NRW 0.67- SMRT 0.71-
ISR 0.75 -USBK 0.75- BORA 0.76- UGND 0.82-
GHN 0.83- ESTN 0.88- SRB 0.89- TRK 0.91-
ARUB 0.94- TWN 0.95- ANDR 0.95- URG 0.97.
C. REASONS BEHIND THESE LOW CDR VALUES?
a) GEO-CLIMATES, LIKE PENINSULA, ISLAND,
b) BORDER DISCIPLINE,
c) DOMESTIC, HEALTHY DIETS.
D. E.G. US MANDATED DOMESTIC CZAR RE-SETTLES some from
Replycrowded, INFECTED CITIES, TOWNS, GROUPS,
to CDR-FREE AREAS. FIRST? In/On STATE-OWNED-SIDES
of FEDERAL HIGHWAYS in U.S., SAME APPLIES ELSEWHERE.
.
Details? Click name & search.
If you buy an NFT, you’re not buying the thing it points to, only the pointer. Let’s say you buy an NFT of the Mona Lisa, you won’t own the Mona Lisa or have reproduction rights. You only have the record history.
ReplyOk, so this is not entirely true. Firstly with the new way of transacting NTFs is going to change the ball game as it will actually consume a ton less energy. Secondly there is a secure offline key you can buy to store your NTF on so it does not require an internet connection to retain what you’ve bought, like any crypto you might own. The false impression that you are giving that it lives on a server is not true. When you bought it, you have the key to prove you own it. No one can hold that key and it most certainly does not get stored on a server.
Reply