Bitcoin Forum

I have noticed a thread created by someone who was asking for a Bitcointalk DAO. I reckon why not an official Bitcointalk NFT collection series that we can use as our avatars? This forum has historical value because this is where Satoshi and other developers that became famous founders began their first projects.

If this person can create his own NFT collection series, I am quite certain the Bitcointalk community can also create its own collection series hehehe.

https://opensea.io/collection/ghozali-everyday

The only reason I could see for Bitcointalk to create an NFT collection is to fund a certain movement/charity. Yea I'm pretty sure most people here aren't fans of NFTs, but if the goal was to raise funds for a good cause, it can get the job done. Honestly couldn't think of a single reason besides this as having NFTs for avatars are a waste of time imo. I mean, we could literally use any picture for our avatar as long as it has the right file size/dimensions.

I guess my question would be what would the NFT collection do with the raised funds?  I had considered launching a community NFT project in the same spirit of a DAO that used the funds to purchase items from the collectibles section to support our makers here, or maybe provide them with loans for new projects.  The problem is that it's hard to say what gets done with the money.  I don't think anyone is a fan of the way the forum has spent funds to date, so perhaps figuring out what to do with funds is a better idea then how to raise more.  Lots of $$$ is being left on the table already via not claiming airdrops or participating in lending programs on exchanges, etc.  The treasury funds alone could be bringing in more than $2K per day in revenue without any effort whatsoever.  Imagine what good could be done with that...

I disagree. NFTs or any tokens for that matter are the worst way of fund raising too. They are just convenient for scammers to raise money not for anyone with an honest and legitimate reason. For example if the plan is to raise money for a charity, as your example, a simple bitcoin donation address is more than enough to do the job.

That's not true at all...  There's a reason that NFTs are being used for things like charities.  A Bitcoin donation is good one time.  An NFT collection makes money for their charity each time an NFT changes hands, and they can offer rewards to NFT holders to grow their value, thus bringing in even more money each time one trades hands.  If done right, an NFT collection can raise a ton of money for charities or whatever for years to come.  Think about all those massive Bored Ape sales you're reading about in the news.  The Bored Apes are getting a % cut on every one of them, raising FAR MORE money then they did with their initial sale, or could have by putting up a Bitcoin donation address...

Tokens aside, of course scammers can scam people through NFTs, just as how scammers can scam people out of their bitcoin by asking for donations to a fake charity. It's not a bad thing as long as you don't promise riches and such, by being honest and just telling people that all they're getting is the digital signature of a digital picture.

A fundraise through an NFT collection will gain far more funding than just using a bitcoin donation address, guaranteed.

Another problem is the token's price. It can not be set to a fixed value so it is bound to get dumped hard basically making the tokens worthless whereas received bitcoin, despite being volatile, is not going to become worthless.

AFAIK, the intellectual property rights of literary texts belong to individuals and not to the sites on which they are published, meaning that the user (for example, Laszlo Hanyecz) can sell his bitcoin pizza topic (just as happened with Jack and the first tweet), but @theymos cannot do it.
Thus the word "official" has no value because the site administrator cannot sell this data as NFTs.

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If you mean something like Introducing NFTs for forum members (https://bitcointalk.org/index.php?topic=5327661.msg56694336#msg56694336) then read that topic.

https://bitcointalk.org/fnft.php

It's possible to do an auction, like what they did with the Ross Ulbricht collection, whereas they ended up raising $12.5 million.

Also, the money is also in the royalties through secondary sales, mostly not the initial sale.

This is already the third or fourth thread on the topic of NTF set in Meta, and from that, I can conclude that for some Bitcoin has become a bit boring, so they are looking for excitement in some other things.

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That guy sells his photos that consist of him sitting in front of a computer for several years - would anyone pay even $1 for something like that? I must admit that 5-6 years ago I could not even dream that people would engage in such nonsense, and that they would make money from that.

Sounds like my take on signature campaigns, but here we are. Let me know when you buy your first NFT.  ;)

I think NFTs are absolutely, utterly stupid.  Having said that, I agree with you about buying one if the funds were to go to charity (although I'm currently wearing Foxpup's sexy avatar at the moment and won't change until the Fox god gives the say-so).  

But that brings up another problem, which is the general issue of charity funds being used appropriately.  If, for instance, Foxpup were to create a series of NFT avatars for his cycling club and I were to buy one for charitable purposes, I'd want the funds to be used ASAP and not held in some pool for an indefinite length of time.  

It's actually not a bad idea, just fraught with problems.  I'd be willing to chip in if something like that were managed right.

Would anyone want to own a heavily-used avatar from a Foxpup Cycling Club member at some point down the road?  Just wondering.  If I bought one, I doubt I'd try to put it on the market--assuming NFT markets still exist a year or two from now, which I seriously question.  If they're still being bought and sold, I betcha people aren't going to be paying crazy amounts of money like they are today. 

Bitcointalk has historical value in the community. NFTs that can be used as avatars can have cultural value for some subcommunities and it appears that it is beginning to manifest among cryptocurrency users in social media. I shake my head on why much of the people in the forum are always quick to tell everyone that a new idea is a scam. They might only be underestimating the cultural value of NFTs.

Yea, the fund usage with the charity is a separate topic. Like, we can literally use this criticism for any other non-crypto related charity in general. It's just the matter of picking the right charity I guess, and knowing that we're in crypto, these charities should be totally transparent with how they're going to use the funds.

Because putting up an avatar isn't a must, and ranking limits will create social inequalities (and of course there will be more drama to come).

If you want that, you can start it yourself and it should have no financial purpose, just entertainment. For example, forming a sub-community (such as the WO gang) that has voluntary and loyal members, then making them a collection of iconic gang images (https://bitcointalk.org/index.php?topic=178336.msg55963110#msg55963110) that can only be found in an NFT market.

Unfortunately, at the moment I'm not interested in NFT at all and don't need it, unless I want to bribe you (https://cointelegraph.com/news/are-nfts-being-used-for-money-laundering-yes-they-are-claims-mr-whale) something  ;)

This kiddy is now famous in my country, and some of his photos have actually sold more than that price.

They don't have to be official Bitcointalk NFTs that are created by the forum (theymos) or someone that got tasked to make them. It's a free world and you can literally make them yourself; create a thread, offer them for sale, for free... whatever you want. I don't think theymos personally likes NFTs, so I doubt he would consider the idea.

Whoever does decide to start such a project, I hope it won't be a confused looking face looking into his computer camera. Show some cleavage at least.   

The signature campaigns were part of the forum when I became a member of the forum, they are still there today and will probably exist in 5 or 10 years. This is something that is specific to this forum (at least as far as I know) and makes sense for advertisers and those who advertise them. I have never bought or plan to buy anything like this (NTF), but let everyone do with their money whatever they want.

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It is not clear to me that some people think that everything is for sale, and only through NTF - first someone wanted to sell posts that way, now it's the turn of avatars, and the question is what else can we offer for sale?

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Human stupidity is obviously limitless, and as someone says, it's constantly spreading - and the fact that someone pays thousands of dollars for a picture of an unknown person sitting in front of a computer is more than enough proof.

What if someone downloads the same avatar and use it for free? Because its so easy to download anything available on internet and also I am not sure downloading someone's NFT is an infringement because even NFT claims that they just own that particular digital asset ownership not the actual art created by the creator.

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[Off topic]
Reached 5000 posts, not really good at earning merits because I never concentrated on earnings them but I am just surprised how much posts I made  here in the few years  ;D

It's not an infringement. NFTs are publicly available usually as images or short video clips on the internet. You can download them and save them on your computer. No one can prevent you from doing that. But you don't "own" them.
It's like that meme that says you can't just right-click on my NFT and go "save as". Oh, but I can. ;D

The comments here are really interesting insights targeted at the issue raised by OP. But let me quickly add this, in respect to the avatar, getting a bitcointalk NFT for an avatar and making everyone wear it irrespective of their campaign logos will present a boring sight, you know. Like they say, "monotony kills interest" . The fact that users wear different avatars adds colour and beauty to this forum.

Not sure if I misunderstand but quite sure there will be various nfts so not everyone would be wearing same ones.

While we're on that suggestion, why don't we create a Wall Observer hat collection. I reckon some of our hats could sell for a high price, especially the ones designed by eg. xhomerx10.

The only problem would be who would be entrusted to split the profits fairly between the hat wearers, since it's a lot of images owned by a lot of users and not just one user.