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The current NFT meta is randomly generated content. Nobody cares about having Stabby #253 or some cosmetics for a f2p game nobody plays. Just having kongpanion bases with randomized hats/backgrounds would make the NFTs more attractive for investors.
Then again, nobody is going to care about your NFTs if they never sell out. Imagine being one of the people who bought Stabby day 1. It still isnt sold out so you cant sell for a profit. Imagine buying one of the NFT cosmetics for random games nobody cares about. They all still have thousands left in stock. You will never be able to sell for a profit.
The next NFT meta is cheap games where you can interact with your NFTs. As a game company, Kong should be able to make an NFT game people would care about and invest in. Except, they cant because they burned all good will they had by firing all their staff and disabling game uploads.
Discuss how Kong couldnt even make NFTs properly lmao
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The joke will be on you when the 30 stabby NFTs that I bougt are worth MILLIONS.
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> *Originally posted by **[Ruudiluca](/forums/1/topics/1951562?page=1#13662907)**:*
> The joke will be on you when the 30 stabby NFTs that I bougt are worth MILLIONS.
Yeah, OK, sure...
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All NFTs though are a joke. All NFTs have done is rediscovered contracts. There's nothing you can do with NFTs that you can't do with e.g. written contracts. You might think a written contract is expensive, needs e.g. a lawyer, but you can get off-the-shelf contracts for many common things, just a piece of paper you sign.
Plus NFTs can be expensive, due to gas and other fees: [Selling crypto art can come with huge hidden fees, leading some people to lose hundreds of dollars](https://www.businessinsider.com/nft-investing-crypto-art-what-is-a-gas-fee-explained-2021-3?r=US&IR=T). These fees normally hit small value NFTs hardest, such as Kongregate's NFTs. Those are going to be especially expensive as you can't buy them directly, or the currency they're priced in directly. Instead you need to go to another site, use another currency to buy $Koins, and only then can you buy your NFTs at Kong.IO. Multiple places you will have to pay fees, as well as other costs, on top of the hassle and effort of the multiple steps.
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The above post is completely... ill-informed about NFTs. It's like trying to explain something to a child, to which the person explaining lacks the proper knowhow on the topic to even be able to condense it into a digestible format.
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> The above post is completely... ill-informed about NFTs.
Is that in reply to me? Then say what I've gotten wrong. Enlighten us with your "proper knowledge" ! I admit what I wrote there is very condensed. There is much more I could write if I felt it useful.
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> *Originally posted by **[MrGPN](/forums/1/topics/1951562?page=1#13663017)**:*
> The above post is completely... ill-informed about NFTs. It's like trying to explain something to a child, to which the person explaining lacks the proper knowhow on the topic to even be able to condense it into a digestible format.
you can tell this guy defends NFTs but doesnt understand how they work. if he understood NFTs he would have atleast tried to present a counterargument.
let me guess, u bought an NFT because you saw it trending on the twitter lmao
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An NFT is a cryptocurrency with frills. If you can find a sucker to buy your dogecoin then you can probably find a sucker to buy your Stabby, and there's a sucker born every minute. Going by that logic then MrGPN isn't completely wrong... but the NFTs try to sell the frill as if it was the entire thing, which drastically limits the buying market even compared to the more honest (bet you never thought anyone would use that word to describe the) cryptocurrency exchange. I doubt anyone will ever buy a Stabby and go on to sell it like it was an alpha set uncommon card, let alone a black lotus.
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> *Originally posted by **[MrGPN](/forums/1/topics/1951562?page=1#13663017)**:*
> The above post is completely... ill-informed about NFTs. It's like trying to explain something to a child, to which the person explaining lacks the proper knowhow on the topic to even be able to condense it into a digestible format.
NFT's are for f@ggots
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> *Originally posted by **[Mafefe_Fanfics](/forums/1/topics/1951562?page=1#13662891)**:*
> Imagine being one of the people who bought Stabby day 1. It still isnt sold out so you cant sell for a profit. Imagine buying one of the NFT cosmetics for random games nobody cares about. They all still have thousands left in stock. You will never be able to sell for a profit.
[They are sold out now](https://www.kongregate.io/#kongregate) (at least, there are zero left). However, if you try to buy one, it seems you can still purchse them from somewhere (so perhaps there is a pool of people who are selling them already?).
-Pip
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> They are sold out now (at least, there are zero left)
Yes. Saw that. Also tried clicking on the buy button and it suggests, after you create an account, you get taken to another site to make your purchase. This means Kongregate.IO doesn't actually have a NFT/Crypto backend integrated. It doesn't know there are no more Stabbys as that info is stored on another site (you would think there being zero left means there are none to buy, but that would involve some thought when building the site).
It can probably get away with that for purchases. But for NFT purchases to work on the site and in-game, hosted on Kongregate,IO, it will need much closer NFT integration. Presumably this will be added at the same time as integration with Kongregate.com is added, in the next 3-4 weeks.
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NFTs definitely are going to crash like Beanie Babies did back in the 2000s.
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> *Originally posted by **[JukeCod](/forums/1/topics/1951562?page=1#13663461)**:*
> NFTs definitely are going to crash like Beanie Babies did back in the 2000s.
I like my Beanie Babies! But then, I didn't buy mine for the potential collective value, so when they tanked, I didn't care. I only had ones I liked when I saw them in the store, so I don't have very many.
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> NFTs definitely are going to crash like Beanie Babies did back in the 2000s.
At least with Beanie Babies you had (and possibly still have) something physical, something you can enjoy for its aethetic properties. That's why many people collect things like stamps, fine art, classic comics. They hope they will become valuable but mostly enjoy them for what they are.
NFTs though will simply go away when the site hosting them does. In fact they have multiple points of failure. They exist on a blockchain which could cease to exist at some point. They are valued in a currency which will become worthless in the upcoming crypto price collapse. Unlike normal web pages they're unlikely to be archived due to the unique nature of them and the blockchain. They will simply cease to exist sooner or later (probably sooner).
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> *Originally posted by **[JWBSoftware](/forums/1/topics/1951562?page=1#13663389)**:*
> This means Kongregate.IO doesn't actually have a NFT/Crypto backend integrated. It doesn't know there are no more Stabbys as that info is stored on another site
Wait, another site? Why is there even a site involved?
Wasnt the argument for crypto to be distributed? NOT centralized around a single site/company.
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> Wasnt the argument for crypto to be distributed? NOT centralized around a single site/company.
You misuderstand how crypto works. Rather than one currency there are several: one e.g. for each site as here ($KOINS). Rather than it being accessible on every site you get bounced between them.
This is by design as every time you change from one currency to another, every time you move from one website to another, or into and out of your wallet which is independent of them, there are charges. Gas fees whenever you do any transaction on the blockchain, typically tens of dollars. Exchange fees for changing currencies. Commisions charged by a particular site for using it. A % cut of every transaction, as people buy and sell NFTs.
This may seem odd: weren't cryptocurrencies and blockchains supposed to be more efficient, less bureaucratic, cheaper to run without the shareholders, staff wages, office + high street rents of a big bank? In fact crypto was designed to be 100% free to users, with the costs borne by miners who in mining new coins also do the recordkeeping/bookeeping.
And they could be free. It's possible to design a system without all these charges. But the charges are how crypto works. It's how the people behind it make their money. It's the reason they create a new currency every time there's a new site, because it gives them lots of ways to add charges to something that should be free.
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> *Originally posted by **[JWBSoftware](/forums/1/topics/1951562?page=1#13663711)**:*
> > Wasnt the argument for crypto to be distributed? NOT centralized around a single site/company.
>
> You misuderstand how crypto works. Rather than one currency there are several: one e.g. for each site as here ($KOINS). Rather than it being accessible on every site you get bounced between them.
>
> This is by design as every time you change from one currency to another, every time you move from one website to another, or into and out of your wallet which is independent of them, there are charges. Gas fees whenever you do any transaction on the blockchain, typically tens of dollars. Exchange fees for changing currencies. Commisions charged by a particular site for using it. A % cut of every transaction, as people buy and sell NFTs.
>
> This may seem odd: weren't cryptocurrencies and blockchains supposed to be more efficient, less bureaucratic, cheaper to run without the shareholders, staff wages, office + high street rents of a big bank? In fact crypto was designed to be 100% free to users, with the costs borne by miners who in mining new coins also do the recordkeeping/bookeeping.
>
> And they could be free. It's possible to design a system without all these charges. But the charges are how crypto works. It's how the people behind it make their money. It's the reason they create a new currency every time there's a new site, because it gives them lots of ways to add charges to something that should be free.
yes, buttcoins owners are winning(THEY PRINT E-MONEY!!!). and you are the suckers.
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Cash Grabbing isn't it?
**Thonking**
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Curse cryptobros, NFTs, and this whole exploitative ponzi scheme.
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