Am I the only one who loves BTC but hates the Metaverse idea and the NFTs?

[ItsNotSean]

People have widely varying definitions  for what they mean when they say "NFT" and "metaverse".

As far as the world of "digital tchotchkis" that everyone is buying right now, those NFTs are an economic dead-end waiting to happen. A ponzi scheme at best, where early adopters and creators get to take advantage of FOMO gripping the digital investing space right now and squeeze money out of the ignorant and greedy.

Tokenized investment vehicles, however, which will be in the form of tokens that will be unique and non-/minimally-fungible, are the future of real estate and commerce globally.

But the value in all this crap passed off as "digital art" will make its way near zero over the medium term.

Regarding the metaverse, it's similar. Any value that will be created in the gaming space will come from established studios that know how to make fun games. They will find ways to add NFTs and tokens to their games, not some random blockchain jockeys selling a token and saying "give us your money we'll build a good game, how hard can it be?"

Current blockchain/ metaverse games:
(1) are awful;
(2) have no communities; and
(3) are built around blockchain first, token-selling second, and gameplay far down the list.

For gaming, that's a guaranteed bankruptcy. Because its blockchain, there are $billions of sucker investment who will FOMO into it, apparently, and keep this space funded...  for now.

[1715228974]

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[1715228974]

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[Rruchi man]

I don't find any real usability for this Metaverse: actually I think it will only make people and society dumber and closer to the Idiocracy movie. Spending time online wearing some stupid glasses it's a no no for me. Also the NFTs are a waste of time and money, I wouldn't buy useless digital shoes and buildings. I love BTC and have diamond hands but these 2 things I'm not a fan of and I know I will never be. Society needs to become wiser not dumber. Living in a digital realm sucks, I'm a human being not a stupid machine. Rant over.

First i like the fact that you are not the type that follows the mass without an opinion, because many who are constantly acting as activists for NFTs and the Metaverse, creating the hype, do not actually understand the concept behind it. Unfortunately, many are just intrigued by the hype and want to act up to date. I don't have anything against NFT's and Metaverse, i feel they have created opportunities for artists and graphic designers/others in that field to stay relevant, but although they are an investment to consider, do not use all your btc for NFT's.

[isaac_clarke22]

~

There's even far more worse than just a drawing of a bird, as just few days ago I recall a post in Facebook pertaining that someone sold a selfie/photo of their nips in OpenSea. I can't quite recall how much was it, but it cost more than a hundreds of dollars. I forgot to include it in my recent post in here, as I just recalled it when you mentioned "crayon drawing of a bird".

[franky1]

most NFT auctions are not real

they are where people purposefully bid high on their own product to get a high price, enough to be news worthy and go viral. so that they can set a mindset that NFT are worth alot more. then their second product they sell to real people knowing that the bids would be high.

it used to be a thing in brick and mortar auctions and even on ebay. people sell things to themselves to create value.
much like in the 1990's many people would sell a 50pence UK currency(£0.50) for £300($400) to themselves. to set a perceived value. and then try palming off lots of 50p's to unwitting people for anything above £100($135)

so dont base NFT auctions on value investment.

i see metaverse as just a more interactive retailers website. where they can look at things in 3d rather than a 2d 'click to buy' image.
where by virtual landscapes will become a virtual real estate industry

much like how NFL, NBA video games sell advertising space on their ingame billboards
heck even live TV coverage of real sports now can replace a billboard with a different advert for different regional tv stations where businesses pay to get their logo seen by local viewers of the on tv stadium grass verge

[glendall]

I don't find any real usability for this Metaverse: actually I think it will only make people and society dumber and closer to the Idiocracy movie. Spending time online wearing some stupid glasses it's a no no for me. Also the NFTs are a waste of time and money, I wouldn't buy useless digital shoes and buildings. I love BTC and have diamond hands but these 2 things I'm not a fan of and I know I will never be. Society needs to become wiser not dumber. Living in a digital realm sucks, I'm a human being not a stupid machine. Rant over.

I don't think you're alone, I don't like it,but  I don't hate it, the metavers project doesn't interest me in all respects, just like you humans will look stupid with their virtual glasses, I hope metavers fail because I as a parent are afraid if my child uses glasses that, can't control what he sees in the glasses

[franky1]

I don't think you're alone, I don't like it,but  I don't hate it, the metavers project doesn't interest me in all respects, just like you humans will look stupid with their virtual glasses, I hope metavers fail because I as a parent are afraid if my child uses glasses that, can't control what he sees in the glasses

yes animated porn will be a thing, but then porn is available on the web already.
im sure facebook will ask for ID to age check who can enter certain zones

[TelolettOm]

It is a choice whether we want to love which one.
And I think that it is not only you. Somebody else out there may also have the same opinion. The thought is that Bitcoin is the only one.
Moroever the metavere and also NFT may be cosndiered as a hype.
But forme, I love Bitcoin so much
But I am also following the NFT project (although starting haha) and also the Metaverse project. Of course, not all projects will be interesting. This is also like what we are considering when choosing the altcoins, needs some analysis to check which is actually worthy enough for hold.

[tippytoes]

I don't think you're alone, I don't like it,but  I don't hate it, the metavers project doesn't interest me in all respects, just like you humans will look stupid with their virtual glasses, I hope metavers fail because I as a parent are afraid if my child uses glasses that, can't control what he sees in the glasses

yes animated porn will be a thing, but then porn is available on the web already.
im sure facebook will ask for ID to age check who can enter certain zones

There will be some type of restrictions here because if not this metaverse concept is dangerous for youngsters especially if they are not guided by their parents. Though I am not into NFT or metaverse, but I believe, these concepts are helping the awareness in crypto among people. I also like the fact that some never-heard good artists can sell their arts now. Because the reality is only popular artists can have their art exhibits. There are so many artists that are underrated and now, this is their chance to show to the world what they have done in a very economical way.

[stomachgrowls]

I don't find any real usability for this Metaverse: actually I think it will only make people and society dumber and closer to the Idiocracy movie. Spending time online wearing some stupid glasses it's a no no for me. Also the NFTs are a waste of time and money, I wouldn't buy useless digital shoes and buildings. I love BTC and have diamond hands but these 2 things I'm not a fan of and I know I will never be. Society needs to become wiser not dumber. Living in a digital realm sucks, I'm a human being not a stupid machine. Rant over.

Well, i do get your point and do understand on how you do feel which i  do some sort have the same feeling with these current hype and interest in the market today which you could really raise up some

questions on your mind that whats the total relevance of these digital artworks and games or something called NFT's in bigger picture or overall aspect.?

Yes, you do love BTC and majority is been eyeing to accumulate this which is normal but there are people whom do really love to engage into something
even though we do call it dumb things.

[Ryker1]

Well, this is just my own opinion --I have never been interested in the metaverse since I am currently focused on constructing a better future for myself. However, the fact that many people now live in the virtual world and play online games cannot be denied. I am still perplexed as to why NTFs matters most to the majority of us. But, whether it is a waste of time and money or whatever, I don't care. I support art however, I would prefer to spend most of my time on the value of bitcoin because I am aware of the benefits it can provide for my better future.

[hatshepsut93]

I think it's pretty common, because more and more Bitcoin holders becoming Bitcoin "maximalists" - they don't hold altcoins and don't see any potential in them. NFTs and metaverse are bad for the same reason altcoins are bad - they are just empty promises that can never come true, made to fill the pockets of the people behind them and leave bagholders to suffer the losses.

[Kelvinid]

NFT's, Metaverse? Well, too sad to say but just never have the interest in them.
I'm not looking for hype projects nor taking advantage of it as it was just for a short while and it die. I don't see how this gives benefits to the people around which could help to increase users and realize the value of crypto but having this weighs nothing instead, that something it helps to ruin the market. It perhaps, a lot of scammers had exist and use these projects as a medium to scam.

If we care about securing our future and having good investments, this not be a thing to consider.

[Mahanton]

I think it's pretty common, because more and more Bitcoin holders becoming Bitcoin "maximalists" - they don't hold altcoins and don't see any potential in them. NFTs and metaverse are bad for the same reason altcoins are bad - they are just empty promises that can never come true, made to fill the pockets of the people behind them and leave bagholders to suffer the losses.

It would be a continous process or cycle on which if there is some sort of trend then it would just simply wither and die when the time comes and would be replaced by another trend or hype
in the market and if you've been here on this market then you have seen those several trends which had been started on ICO which i could say that some projects are really worth to invest
on since they do really have that kind of relevance in terms of usability and actual usage and not just focusing on something which cant really be
used after all.

[Distinctin]

I am not a hater of any, these platforms and projects are proof the market is developing and growing, so why stop it and limit it to bitcoin only? I mean, bitcoin is good, it's the father of all cryptocurrencies but we should not only stop from there as the more the market will grow the more it will be easier to adopt.

[pooya87]

Anything that provides a utility is going to be useful.
Bitcoin is providing a valuable utility as the only decentralized money in human history so it is valuable and useful. Conversely tokens provide no utility in real world are their whole purpose is for gambling and scamming, so they have no value and no future. This is why they keep changing the name and disguising the same shit with different names (ICO > IEO > STO > DEFI > NFT > ...).

As for metaverse I don't think it is going to make people dumber, they are already dumb to begin with. The problem is somewhere else, these companies are just capitalizing on it.

[franky1]

Anything that provides a utility is going to be useful.
Bitcoin is providing the most secure decentralized money, with the highest security cost,  so it is valuable and useful. Conversely tokens provide other less secure utility in real world where their whole purpose is for other things like patent logging, property ownership,  gambling and scamming, so they have less,limited, variable or no value and possibly in many/most cases no future. This is why they keep changing the name and disguising the same shit with different names (ICO > IEO > STO > DEFI > NFT > ...).

As for metaverse I don't think it is going to make people dumber, they are already dumb to begin with. The problem is somewhere else, these companies are just capitalizing on it.

fixed that for you

NFT is like a property/patent ownership registry. it has a completely different purpose than bitcoin
NFT is not a threat to bitcoin

NFT's 'flow' blockchain protocol is PoS based so less secure and 0 cost in its creation/maintenance so not secure or valuable as a registry ledger on its own..

the requirement of ethereum to sell/buy NFT is the more threat, where people dont need bitcoin to buy/sell a NFT
.
metaverse is not a 'market' like a exchange(imagine forex) its a new market place(imagine ebay, but 3d),
but because metaverse is using NFT people will need to buy ethereum to buy nft. so bitcoin is not really needed in metaverse.
but that should not stop meta(facebook) from allowing fiat, btc, from being converted to eth.

imagine meta(facebook) becoming the paypal for metaverse(3d ebay).
metaverse(3d ebay) uses ethereum to buy/sell its listed products(nft listing)
meta(facebook) would/should accept many fiats and many crypto to convert to eth (paypal deposits many currencies to give 'paypal balance')

[AakZaki]

Everyone has their own point of view, and it can't be forced to like someone else's point of view. Because every hobby or liking is a personal thing. NFT and Metaverse really don't make sense, let alone NFT with a price of thousands to hundreds of thousands of dollars. But for those who like it it is a wonderful thing and certainly has its own satisfaction, because they have used money for their personal pleasure.
Metaverse has also become a digital world which of course not everyone is happy. But many also like the metaverse world, a digital world where some people can express themselves freely and they can't in the real world.
Technology is advancing and of course there will be many more amazing and absurd things.

[RapTarX]

I'm yet to drive into the Metaverse; have read a few articles & got a little idea about it. I won't say I liked the idea or disliked but to be honest, I would appreciate any development which would make our life easier. I guess there are many people out there who either don't like Metaverse or have no interest to know about either; mostly I believe the bitcoin maximalists are of that sort.

[franky1]

too many people think metaverse means people need to use NFT as a currency. truth is, they dont
NFT is the land registry blockchain. to buy land you need ethereum

certain metaverse servers(virtual nations) have their own crypto tender (cryptocoin for that server) for the day to day currency
MANA: is the native cryptocurrency on Decentraland
SAND: is the native cryptocurrency on sandbox
AXS: is the native cryptocurrency for popular gaming platform Axie Infinity

there wont be a single currency like ether or bitcoin. each server (virtual nation) will decide what tender it wants to use
so infact the sooner bitcoiners get involved in starting up metaverse servers the sooner bitcoin can be accepted in metaverse

EG if there are 3 main servers using MANA, SAND, AXS, ETH.. but then bitcoiners set up 100 servers using btc, (popular servers worthy of using because they do something fun, interesting ofcourse) then bitcoin becomes the main currency, and people will get annoyed having to swap currencies, thus prefer to get the 3of 103 that dont use btc to start using it..
.. just an idea, well more like common sense approach

the best way to explain it
someone saying "i dont like metaverse because of NFT, why dont they use bitcoin"
is the same as saying "i dont like america because of US patent office(USPO), why dont they use $pound"
whereby it must be explained
metaverse does not use NFT as a currency, it uses it as a property register.. metaverse uses ETH or other crypto as currency
meaning america does not use USPO as a currency, it uses it as a property register.. america uses dollar or other fiats as currency

[Cryptmuster]

I'm yet to drive into the Metaverse; have read a few articles & got a little idea about it. I won't say I liked the idea or disliked but to be honest, I would appreciate any development which would make our life easier. I guess there are many people out there who either don't like Metaverse or have no interest to know about either; mostly I believe the bitcoin maximalists are of that sort.

I have read several articles and have a vague understanding of the metaverses, but I probably have no negative attitude towards them. I don't like the NFT idea, there is a lot of unnecessary rubbish and the majority understands this well. Metaverses have a right to exist, but this is just a temporary fad until something more interesting appears on the market.