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The Following 6 Users Say Thank You to DeluxeMoustache For This Useful Post:
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03-28-2021, 06:56 PM
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#3
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In the Sin Bin
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Quote:
Originally Posted by DeluxeMoustache
I have no idea what Clubhouse is
Some kind of recipe trading podcast?
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I could be wrong, but I think it's a new form of social media chat.
Sent from my XQ-AT52 using Tapatalk
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The Following User Says Thank You to PepsiFree For This Useful Post:
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03-28-2021, 08:28 PM
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#5
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First Line Centre
Join Date: Feb 2002
Location: Normally, my desk
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Quote:
Originally Posted by DeluxeMoustache
I have no idea what Clubhouse is
Some kind of recipe trading podcast?
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I have no idea what NFT is
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The Following User Says Thank You to Leeman4Gilmour For This Useful Post:
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03-29-2021, 03:54 AM
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#6
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#1 Goaltender
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It should be reported immediately to the SAA. That’s the Society Against Acronyms, for the uninitiated.
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The Following User Says Thank You to Rick M. For This Useful Post:
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03-29-2021, 08:01 AM
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#7
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First Line Centre
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Quote:
Originally Posted by Leeman4Gilmour
I have no idea what NFT is
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Neither do I. And when I heard what NFT stood for I had even less of an idea.
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03-29-2021, 08:38 AM
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#8
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Crash and Bang Winger
Join Date: Jan 2009
Location: Calgary
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Once you look it up and find out what it is you'll probably think it's as silly as I do. Although there are obviously those out there who place value on it based on what some people are paying.
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03-29-2021, 08:51 AM
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#9
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Powerplay Quarterback
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Quote:
Originally Posted by Leeman4Gilmour
I have no idea what NFT is
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"A non-fungible token (NFT) is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work."
""Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. You gave up a Squirtle, and got a 1909 T206 Honus"
It has more to do with the underlying blockchain technology than it does the ridiculous little pixel arts attached to it.
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The Following 3 Users Say Thank You to Cycling76er For This Useful Post:
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03-29-2021, 09:02 AM
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#10
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Franchise Player
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I thanked you for the explanation.
I still don’t understand, and choose ignorance willfully.
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The Following 4 Users Say Thank You to Aeneas For This Useful Post:
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03-29-2021, 09:24 AM
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#11
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Franchise Player
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Quote:
Originally Posted by Cycling76er
"A non-fungible token (NFT) is a unit of data on a digital ledger called a blockchain, where each NFT can represent a unique digital item, and thus they are not interchangeable. NFTs can represent digital files such as art, audio, videos, items in video games and other forms of creative work."
""Non-fungible” more or less means that it’s unique and can’t be replaced with something else. For example, a bitcoin is fungible — trade one for another bitcoin, and you’ll have exactly the same thing. A one-of-a-kind trading card, however, is non-fungible. If you traded it for a different card, you’d have something completely different. You gave up a Squirtle, and got a 1909 T206 Honus"
It has more to do with the underlying blockchain technology than it does the ridiculous little pixel arts attached to it.
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I thought squirtle was a myth...
Sent from my iPhone using Tapatalk
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03-29-2021, 09:51 AM
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#12
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Scoring Winger
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NFT's: Another thing for people with too much money and time.
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03-29-2021, 10:23 AM
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#13
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Franchise Player
Join Date: Jan 2018
Location: Alberta
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Quote:
Originally Posted by Press Level
NFT's: Another thing for people with too much money and time.
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This is what all of society is built on. Humans having too much money and time compared to their normal standard.
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03-29-2021, 11:14 AM
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#14
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Franchise Player
Join Date: Feb 2006
Location: Calgary
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It's kind of crazy how much an NFT consumes in electricity. I get bitcoin and cryptocurrency is all the rage right now, but the carbon footprint of those are insane. And it serves no real tangible purpose. It's just wasted electricity for the sake of wasting electricity.
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The Following User Says Thank You to The Yen Man For This Useful Post:
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03-29-2021, 12:02 PM
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#16
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Closet Jedi
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I think of it as the next evolution of hockey / sports trading cards. The NBA version is insane, where a Lebron just sold for 200K+.
It has potential for wild growth. Part of the system is that the creator gets a royalty each time the NFT is traded. You will be hearing more and more about this.
__________________
Gaudreau > Huberdeau AINEC
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03-29-2021, 12:07 PM
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#17
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Franchise Player
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Quote:
Originally Posted by PepsiFree
NFTs destroy the environment! And they are dumb! That’s all I know.
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I agree they are dumb, especially if you purchased a collage of images that you could probably make yourself for free. And yes, with all that heat and energy consumption for blockchains and cryto-currencies, it's a fad that's literally spinning out of control from hype. The bigger the hype, the bigger the energy consumption.
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03-29-2021, 12:47 PM
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#18
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Franchise Player
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Quote:
Originally Posted by CSharp
I agree they are dumb, especially if you purchased a collage of images that you could probably make yourself for free. And yes, with all that heat and energy consumption for blockchains and cryto-currencies, it's a fad that's literally spinning out of control from hype. The bigger the hype, the bigger the energy consumption.
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As opposed to physical Art which is mostly faked and validity is proved through providence?
Owning a virtual piece of art you can display and be the only true owner is more valuable then owning the physical art which could be fake.
Whether you like the art is a different question.
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03-29-2021, 01:09 PM
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#19
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Franchise Player
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Quote:
Originally Posted by Jason14h
As opposed to physical Art which is mostly faked and validity is proved through providence?
Owning a virtual piece of art you can display and be the only true owner is more valuable then owning the physical art which could be fake.
Whether you like the art is a different question.
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It'll be a matter of time before the Russians will have blockchain process hacked or corrupted. Either that or the blockchaining will be overwhelming to complete any more transactions. Once that happens, all crypto-transactions will collapse. It's not like digital rights haven't been hacked or stolen before - all digital intangibles can be hacked and faked. At least even with a forged art like Mona Lisa on your wall, you can still admire the smile and the beauty that's in front of you without logging into a computer and searching through a bunch of files to get at it. And you wouldn't care if another person owned a copy of it since you know it's fake and it cost a fraction of the real thing. 
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03-29-2021, 01:10 PM
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#20
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Franchise Player
Join Date: Mar 2012
Location: Sylvan Lake
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I have read this thread twice and still have no idea what we are talking about.
__________________
Captain James P. DeCOSTE, CD, 18 Sep 1993
Corporal Jean-Marc H. BECHARD, 6 Aug 1993
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The Following 3 Users Say Thank You to undercoverbrother For This Useful Post:
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