Elon Musk said he'd sell his tweet as an NFT and the highest bid was over $1.1 million
Billionaire Elon Musk listed a recent tweet of his as an NFT, or non-fungible token. Despite a bid for over $1 million, he ultimately decided not to sell.
Elon Musk is selling a song about NFTs as an NFT, highest bid is $1 million
- Thread starter Saucycarpdog
- Start date
A tweet with a song about NFTs as an NFT...
Still time to offer a higher bid if you want to buy this tweet!
v.cent.co
Still time to offer a higher bid if you want to buy this tweet!
🔓Valuables
v.cent.co
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WTF for someone who supposedly cares about clean energy... First supporting Bitcoin and now NFTs that are even worse for the environment. The carbon footprint for NFT sale of an "item" is huge, about 10x more than an ethereum transaction. Ethereum is bad enough - the carbon footprint from a single ethereum transaction is about the same as watching Netflix for 3 weeks straight. A typical NFT sale is the same footprint as someone's household energy for an entire month.
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I had it explained to me rather simply and it sounds like bullshit, but I don't know if I understood it correctly. It's still shit considering the effects on the environment.
It effects the environment? My understanding is galaxies away then. I thought it was like a crypto/bitcoin that contained a digital item you can sell or something.
Which charity is he donating the money to, and how much is he matching?
(It's Musk, so I assume the answer is none and zero...)
(It's Musk, so I assume the answer is none and zero...)
NFT 
This whole NFT thing is fucking stupid.
All crypto is massively bad for the environment due to the amount of electricity required.
OP
OP
Basically it's a way to give a digital asset value. The token proves you are the one who purchased the original.
That was so obvious..I’m such an idiot.
This whole thing just sounds like a scam or some sort of money laundering.
I get it now after the thread the other day posted on here and reading articles on CNBC, NPR about it. I still don't get why is worth anything though. Same with NBA top shot. I don't see why digital trading cards are valuable. The great thing about digital media is that it can be copied and be shared by everyone.
That makes a little more sense. Essentially people capitalising on digital things to make yet more money.
Uhhhh this isn't techno lmao. It's tech house.
It's funny everyone thought Chris Lake ghost produced this, but he didn't.
Musk is like the internet tech geek version of a super tacky rich kid.
He's rich enough to do whatever he wants, but doesn't have the class behind it, so he spends a ton of time doing the same dumb meme shit that random internet assholes would do, like trying to insert 420 into everything and shit like this.
He's rich enough to do whatever he wants, but doesn't have the class behind it, so he spends a ton of time doing the same dumb meme shit that random internet assholes would do, like trying to insert 420 into everything and shit like this.
A pretty sizable effect.
"In under half a year, one artist’s multi-edition NFTs have a footprint of 260 MWh, 160 tonnes of CO2 emissions."
More info at:
https://memoakten.medium.com/the-unreasonable-ecological-cost-of-cryptoart-2221d3eb2053
So basically this is like a digital art market? I guess with digital videos it's all the more obvious how arbitrary the pricing of the art market is.
That's the insane thing about it though. There is no need for there to be an "original" of digital media. Ones and zeroes on one hard drive are the same as ones and zeroes on another.
That's literally all NFTs are. It's just a fancy pyramid scheme that takes an insane amount of energy to run.
But how will I show that I'm better and can buy more things than other people?!
I couldn't believe what I was hearing when I first had NFTs explained to me. Stupid invention made to sell to rich people. Environmental destruction is just gravy on this shit sandwich.
Eh, you've put more thought into it then the techbros who came up with it. :)