Uhhh...nintendo sisters...?

They will try to destroy anonimity but the chain requires laws against cp but at the same time laws are garbage....God i wish lawyers were good or smart.

You can't expect cryptobros to understand something as complicated as "what are spoilers".

I couldn't believe his first press release after leaving Nintendo where he said "I'm so happy I don't have to work with these squinty eyed nip bastards again for as long as I live."

I don’t get it…
If, let’s say, I buy an NFT item in Rainbow Six, and the game got shutdown after 3 years, do I still own that item?

Attached: AFC7B21D-2B5A-4360-96A4-FB0BDDA9DDD3.jpg (460x654, 33.06K)

NFTs are dead lol. Universally panned and ridiculed and lost any momentum they had. L + You got scammed + you're dumb lol

Attached: 1592678720213.png (661x623, 638.11K)

Yes, you would. It would be completely worthless because no one would want it, but you'd own it, and isn't that what's truly important?

No, no it isn't.

Playing the game will have you interacting with a centralized sever. But assets and transactions will be completely decentralized and done peer-to-peer. E.g. Squeenix will digitally sign my ownership of some Mount, and from there, I'm allowed to sell/trade it as I please with others, without Squeenix's approval, because I already have the digital certificate that anyone can verify.

I don't have time to argue with fucking brainlet monkeys like you. Just think of it as magic that allows RMT without needing centralized approval from daddy.

Attached: tsuredure_children_phone.jpg (3840x2160, 562.59K)

So what happens when the game shuts down like Ghost Recon did?

If you bought the mona lisa, and everyone all of a sudden thought "I don't give a fuck about Isaac newton or art", would you still own the mona lisa? Yes. But now it's prolly not worth so much.

That being said, it's like baseball cards. They used to be worth a lot. Then people stopped giving a fuck. But now, if you can show you own some original Babe Ruth card, people will go nuts and pay top dollar for it. Similarly, your ownership of shit is eternal, and maybe one day, even after the service goes down, people will still pay you to buy the ownership certificate of it from you.

Everything youve said thus far is true, thou I would also like to tack on that the Blockchain isn't entirely free from middlemen/approval. The secruity of nfts being legitimate also rely on third parties to
A) accept them, we've seen quite a few times now that government, companies and Blockchain developers are not prepared to deem code as law, hackers who have found exploits in the systems have had their wallets blacklisted from exchanges and the Ethereum community itself has initiated shit like this. It breeds the norm of disregarding the desired principles of Blockchain.
It's better than what we have but it's not a catch all. You'd still be at the mercy of blizzard printing more 'exclusive' limited nft if they did not have a system in place that systematically prevented it

Yes user, people will pay $10,000 for your chocobo.

your NTF scam is over conman, find something else to do with your miserable life your damn worm

It has no future, the NFT blockchain offers no substantial difference in digital ownership than what was in place before. Why subscribe to some strange, almost esoteric system when you can just buy someone's account or pay someone to give you the resource or item? For some vague hope the game will keep a following massive enough to keep circulating buyers? Most games will simply just not achieve this, player populations almost always dwindle down to only their most hardcore fans and that will surely hurt market value. The best you can hope for is niche markets in games that stood the test of time.

Attached: 1618979124877.jpg (1024x588, 107.03K)

What happens when your NFT url doesnt point to a valid server anymore?

see

Still not falling for the nft scam

If Square-Enix hates you, they'll blacklist your NFT and it's now unusable in their game. And due to how game development works your NFT won't work anywhere else because who the fuck would take the time to program in an asset someone else sold?

End result, it's exactly the same only you're left holding a useless scam recipt.

>They will try to destroy anonimity

Literally the only reason why they're even looking at it. Money hungry corporations need to constantly run on the hamster wheel of profit and selling user data, whether it's useful or not, is basically free money into their coffers.

The fact that we lived long enough to have to sign off on a ToS in some vidya tells you everything. The elite would never actually use the blockchain, it's only for plebs to keep an eye on them and study them some more while they solidify control over real assets. Now eat ze bugs and reduce your gaymen time to minimize your carbon footprint.

Did Reggie have anything to do with Iwata's death? Nintendo changed quite a bit once he died.

>without any middle-man required
lol

Aren't most valuable NFTs backed by either drug money like the modern art ones or celebrities like cryptopunk and bored apes? Do you have those kinds of contacts?

Why would SE WANT to do this, instead of controlling the assets themselves?

>pay 100$ for fictional horse armor in my heckin skyrim
>OMG I LOVE YOU TODD HOWARD
>Literally own your digital assets in an irrefutable/immutable format that's so iron-clad, that you can literally buy/trade them with each other like stocks without any central authority having to approve it
>LMAO WHAT A SCAM
kys

Attached: kotoura_dont.png (935x1220, 796.87K)

Didn't Konami say that you can't do shit with the Castlevania nfts and they still own all the rights, you can only brag that you own an nft of them.

seems like someone got stuck holding the money
how does it feel knowing you could have bought stocks or anything else instead of jpegs or shitty models that no one will respect or use in any service

Attached: unbothered..jpg (640x718, 34.14K)

without a legal binding contract is up to the service provider to do whatever the fuck they want

>pay 100$ for fictional horse armor in my heckin skyrim
>OMG I LOVE YOU TODD HOWARD
>pay 100$ for fictional horse armor in my heckin skyrim BUT THIS TIME IT'S ON THE BLOCKCHAIN AND HAS RANDOMIZED ASSETS!11!!!1
>OMG I LOVE YOU TODD HOWARD
It's literally the exact same fucking thing but with an extra step so useless middlemen can make money.

>assets

There's your mistake chum. "Pay me for my horse armor it's a really rare color!"

They're hoping to be like stock brokers. They don't own anything, but they're hoping to collect a small transaction fee for people who broker deals through them. Youtube is doing a similar thing. There's nothing stopping someone for selling their youtube video as an NFT themselves, but youtube is hoping that you'll go through them to sell your video as an NFT (or buy another video's NFT), all for a small transaction fee. Ultimately, that convenience will win out, and they'll be the most popular broker for such NFTs.

Blockchain's totally useless for this from a corporate perspective. Zero incentive to give users exclusive ownership of assets, when you can just as easily maintain the assets on a centralized server to monitor and profit from user transactions directly. They may try to market it as such to get it on the NFT fad but they would absolutely not be hosted on any public blockchain.
See: NBA Top Shots

look, some nigger can hand you a used napkin and say "lul bro here's an NFT for you", but that doesn't make it an NFT. Just like me drawing a stick figure isn't the mona lisa. When properly implemented, and not used as just a false marketing term, it truly is digital ownership.

It's kind of like how venezualen money is worthless because the niggas behind it don't know how money works. But that doesn't mean that all money is worthless.

bagholder thread lol.

glad these things failed. Nothing worse than even more microtransactions but now they are fucking expensive and tied to an economy that bots can farm.

Nope, not buying your bags. Enjoy becoming poor.

It has nothing to do with legality. If I have the solution to an equation, I can tell it to people, and they can all verify it, no matter how angry uncle sam gets. If I encrypt some file, I can tell everyone how to decrypt it, and everyone can verify that, no matter how mad uncle sam gets. The point is that all these transactions don't need to be approved by anyone but the involved parties, and everyone in the world can easily verify that the transactions made were legit. The government or any central authority can scream all they want, but everything is independantly carried out with or without them.

>NO YOU GUYS DON'T UNDERSTAND I OWN THAT GUN IN CALL OF DUTY I BOUGHT IT ON THE BLOCKCHAIN!!!!!
This is completely worthless

So you get the idea! I personally don't care for them, but the fucking hats in TF2, or the skins in CSGO had huge RMT markets. Now imagine if, instead of relying solely on valve for transactions, all the transactions were decentralized, between players, and without requiring valve's oversight/approval. Basically, it's like trading cash in real life. You don't need uncle sam or your bank involved, you're just handing cash (or NFTs/digital assets) between players.

Nobody is going to honor this digital ownership when they can just make someone but it for full price again when the next game comes around.

>NO, YOU GUYS DON'T UNDERSTAND, I OWN THE MONA LISA, EVEN THOUGH THERE ARE 1 MILLION HIGH RESOLUTION PICS OF IT ON THE INTERNET, and 10000 HIGH QUALITY RECREATIONS OF IT THAT ARE INDISTINGUISHABLE FROM THE REAL THING
kys, you nigger. Even physical ownership is about sentimentality and just saying "I own something", and trading it to someone else who wants to say "I own that". NFT's are a digital way of doing that, where it can be immutably written that you own something, and everyone else can easily verify that, and no one else can pretend to own it, and you can trade it to someone else if you want (for money).

>Now imagine if, instead of relying solely on valve for transactions, all the transactions were decentralized, between players, and without requiring valve's oversight/approval
Okay, but why is that better? Better yet, why is that so much better that I have to pay a fee to do it?

So if the appeal of blockchain stuff is that they let you be completely independent of stuff, which is very appealing for finance, what's the point of having a vidya NFT whose value is inherently tied to a central authority continuing to support that NFT? Everyone who bought a Ghost Recon NFT was left holding the bag when that game shut down, everything became worthless overnight (not that any of it had worth in the first place, mind you) and if you think a company will continue to support an NFT for an old game forever you're a fucking idiot. The lifespan of an extremely popular game is about four-five years, and most games last even less. What's the point of "permanently owning" something that's going to be worth less than the 1s and 0s its made out of in a few years? This isn't physical ownership, the NFT is just an authentication code for something owned by a company.

Its ironically worth less than DLC because at least you can pirate that. NFTs are basically the equivalent of Stadia - even though you "own" the game, functionally you own nothing at all because its all serverside. At no point do you ever actually own the asset in question, only a receipt that says you own it that's only valid for as long as the vendor accepts its worth - which again is 4-5 years at best.

>"Digital Ownership"
/biz/raeli here
This is retarded, NFT's only mean digital ownership to a marker on a database, anything can be put in and replace that marker. Ignore this NFT shill post Yea Forumsros

I understand how NFTs work. It's not at all complicated. What I'm noting is that they are worthless. The whole market is predicated on there being people willing to pay more money for your worthless shit than you did. And the sole motivation they have to pay more than you did is that they believe there will be yet another person willing to pay even more money for the worthless shit.

The moment there isn't an even bigger retard around the corner to dump more cash on something worthless is the moment the market collapses.

So you repeating "no you don't understand, it's decentralized! I own it!" has absolutely nothing to do with the problem.

You of course will never admit this, because the only chance you have to "We're All Gonna Make It" is to continually convince people that this is a great idea and we should pay you for your worthless shit. You literally CANNOT admit that it's worthless shit, as that would make it worthless. So here you are, propagandizing forever. Enjoy your bed I guess.

Nobody plays the pokemon TCG, and yet now old pokemon cards are worth millions. Same with Baseball cards. All these assets have seen a huge resurgance in value as collectors items. Now, we can have the same thing for digital assets. An immutable proof that you own a digital asset. And you can sell that immutable proof, that's even more iron-clad and trustworthy than the deed to a house, or a nickel from 1945.

I fucking hate credit cards, let alone these crypto nft block chain bullshits. Digital ownership is a scam

Yeah, just like how all those collectible comics from the 90s are worth millions, amirite?

i'm not buying your monkey picture dude

So why are OG charizard pokemon cards selling for millions? Why is an original case for Super Mario Bros selling for millions? Why is a babe ruth baseball card selling for millions? Why is any shitty painting by picasso selling for millions? Do you think any of the niggas who own that shit actually give a fuck about the item? Do you think some nigga's gonna go to a pokemon tournament and play that charizard during an actual game? No, it's a fucking collectors item. And I personally am not a collector, but a bunch of people are, and they're all retards who happily buy useless shit off of each other for higher and higher prices.

The point is: if pokemon cards and baseball cards are legit, then NFTs sure as hell are.

We had official RMT before blockchain and blockchain is not required. There is not yet a single real world use case for blockchain. Its only use case thus far is in creating a speculative asset bubble and/or ponzi scheme.

>This isn't physical ownership, the NFT is just an authentication code for something owned by a company.
This reminds me of the debates about TCGs and Loot Boxes, with the TCGs having the benefits of being physical objects, and thus having many advantages because of it. It's interesting to see these kinds of things rehashed in a new context.

>paying REAL money for IMAGINARY items in the hopes of duping some sucker for it in the future
this will never not be a bad idea. NFT's are not assets, you dont own anything, and you will always be retarded

Attached: 1537502808162.jpg (600x535, 54.43K)

Old Pokemon cards have value because you have the asset physically in your hand and it can be used in a hypothetical game. You can see it, you can put it in a display.

If you had an NFT of a Pokemon card you'd have a unique identifier number for a Pokemon card that the company said you owned, but you could never actually touch it and you haven't seen it in decades since you lost access to it when the company running the card game shut down.

One has value because you physically own it, the other is an identifier number to access something the company owns and controls access to.

The last thing I want in games are million dollar skins.

without laws you can't force an game company to use your NFT since the NFT doesn't contain the copyright to the item , the model of the item, the game values of the item only a certificate that you "own" it a modder owns the item more than you since he could use for whatever he wanted and could rip the values or model from an item use it as he saw fit without paying a dime

Because criminal organizations are using it to launder money. Just like with NFTs.

>/biz/raeli here. Venezualan money is worth nothing, therefore all money has no value xD
Kill yourself, I hope all your stocks die and you go bankrupt. Just because 1 retard implements NFTs incorrectly, or uses them for some shitty monkey pics, doesn't mean that ALL NFTs are shitty and misguided.

Attached: kaibutsu_rape.jpg (2389x2160, 511.04K)

blockchain and nfts could be so much more than the ponzi scheme cryptohacks initially made up for them, and now they've spoiled the whole entire idea to the point that no one can think of using the tech for anything else.

>Venezualan money is worthless
>so you should buy my even more worthless monopoly money!
Pictured: trying to use your NFT in vidya.

Attached: 486919.jpg (640x480, 70.12K)