Watch Out For NFT Scams
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- Опубликовано: 6 янв 2022
- Are NFT's a scam? Or are they tickets to get rich? Let's explain what they are and how they may or may not be a scam!
A couple thoughts:
1. I wasn't paid to make this // The examples I share were meant to illustrate the utility of NFTs. I think NFTs are here to stay and far too many people are buying ones with zero utility. I simply wanted to address that and warn others.
2. I'm Not Shilling for NFTs // I say in the video that you shouldn't buy something just because someone else says its cool. I also say that you shouldn't buy something that doesn't provide you value. My examples were meant to draw a comparison between useful NFTs and useless NFTs. I talked about winning a Nintendo Switch and now I realize that feels awkward and promotional. I regret including that.
3. NFTs Have an Environmental Impact // It's true. Blockchain transactions consume a lot of energy. I didn't mention this because my video was meant to focus on utility and scams. In hindsight, I should have. I am encouraged by the attempts to reduce energy consumption in NFTs, though. For example, the NBA and Defi Kingdoms examples are running on a proof-of-stake model that uses 99.9% less energy than the typical "proof of work" model. I won't go into detail but you can look up the difference. All industries MUST get cleaner if they want to have a future. 
Развлечения
Thanks for all the comments on this video. I thought I would respond with a couple thoughts and then NEVER make another NFT video again :)
1. I wasn't paid to make this // The examples I share were meant to illustrate the utility of NFTs. I think NFTs are here to stay and far too many people are buying ones with zero utility. I simply wanted to address that and warn others.
2. I'm Not Shilling for NFTs // I say in the video that you shouldn't buy something just because someone else says its cool. I also say that you shouldn't buy something that doesn't provide you value. My examples were meant to draw a comparison between useful NFTs and useless NFTs. I talked about winning a Nintendo Switch and now I realize that feels awkward and promotional. I regret including that.
3. NFTs Have an Environmental Impact // It's true. Blockchain transactions consume a lot of energy. I didn't mention this because my video was meant to focus on utility and scams. In hindsight, I should have. I am encouraged by the attempts to reduce energy consumption in NFTs, though. For example, the NBA and Defi Kingdoms examples are running on a "proof-of-stake" model that uses 99.9% less energy than the typical "proof-of-work" model. I won't go into detail but you can look up the difference if you're interested. All industries MUST get cleaner if they want to have a future.
I know some people appreciate the explanation I give here so I've decided FOR NOW to leave this video up and keep this comment pinned. Some subscribers feel like this is out of place for a channel dedicated to scam-baiting....and I get that. I'll be taking extra time to make sure the content I upload is in line with what you've come to expect from me. Thanks again for all the feedback.
-Ben
Pin this, it isn't Pinned!
Understandable 👍
one question, how do you find all these scammers???
I love you
How weak. Just because theyre here to stay doesnt mean it should be embraced, man.
Best way to avoid an NFT scam is to just not "invest" in them
But it’s not investment, it’s still art that people are still willing to buy. If NFT is not for you then it’s not for you and some people do admire NFT
Yes i just block them because they’ll continue to harass me
They sound like the biggest scam ever. What a joke paying for a digital image, I don't care what supposed value it might have it is still a scam to me
hello Emily, plz don''t screenshot 😨😨😔
That should had been the whole video in minute.
It is!!!
The only winner is three people
first photo/NFT maker
The page that sells the photo and takes a commission of up to 30%
The person who bought the picture but fortunately sold it for a higher price because there are idiots who still want it.
The losers are those who bought the picture in order to sell it at a higher price, but did not find someone wants to buy!
Do not forget that it is not one picture, but a thousand copies or more!!
why does a pokémon card have value made by official publishers vs one printed out on paper by ur printer ?
This felt like an ad, don't join the scams that you fight against
Seeing as he mentioned two games that have done ad deals with other RUclipsrs, it is safe to say Pleasant Green has decided to sell out. Unfortunate channel to be unsubscribing from, never saw this coming.
@@harrypotterandthehippychic9426 "You Either Die A Hero, Or You Live Long Enough To See Yourself Become The Villain"
Guess I'm unsubbing too
@@someoneyouneverknow7529 unless he changes track, I can't stay either. I feel so betrayed 😞
Yeah, really unfortunate that he's gone down this road. I'd like to believe that he didn't know about the things that he left out, but his response (or lack thereof) to relevant criticism and the convenience of leaving out all of the bad things about NFTs leads me to think that they were intentionally left out. Really sad to see.
"you're suppose to destroy the scammers not join them"
You were supposed to destroy the scammers, not join them!
You were the Chosen One! It was said that you would destroy the Scams, not join them. bring balance to the internet, not leave it in darkness.
@@jonathan87689 lol
He named the video, watch out for NFT Scams and then he promotes NFTs in the video. 😂😂😂😂😂😂 They are called pump and dumps.
NFT's by itself are a scam.
he joined NFTs actually not NFT scammers LOL
NFTs are just ownership of links to jpegs
Technically also other things beside jpegs or images. But yeah it's stupid, and just abusing the blockchains as a database for meaningless data.
Yeah, and you still don't even legally own the jpeg.
Disagree 100% with this video. Everything you spoke about supporting content can already be done via patreon or other methods, the effect of NFTs on the environment and the MESS they cause legally are just not worth it. All of the things they claim they can exclusively do or provide can already be done via more suitable means.
@Talking Tom fan 2022 that’s only a chance thing, and it would be cheaper to just buy a switch instead.
i bet u didnt watch the whole vid
Please don’t tell me you believe that Nft’s effect the environment.
The environmental argument is only valid for the proof-of-work method of crypto generation. Eth is pursuing a proof-of-stake system that is much better for the energy consumption of crypto generation by several million orders of magnitude.
Can't believe I just bought my fislrst NFT can't wait to be a billionaire what a great day! Oh and an email from a Nigerian Prince?! This day just keeps getting better and better
I'm a big fan but sorry, no.
1- I've been around quite a few people who work with NFTs and the prime reason people buy them is to then resell them and "get rich", which isnt a given and lots of people lose their money. If they really just want to collect the art and keep it, sure thing, cool. Problem being, buying an NFT does not equal buying the artwork. You buy the proof of transaction, and have no ownership over the actual image.
2 - People say it's the "future of digital art" because "anybody can see who owns the piece". I have seen these apes COUNTLESS times and not once have i heard of whoever made them in the first place. Not to mention that most of these generic NFTs are lirerally GENERATED images, made to sell as many as possible.
3- Completely failed to mention the environmental impact of these transactions. Sure, that's not my main focus either, but something that's just "collectibles" should not be wasting that much energy, and anybody promoting NFTs failing to mention that is a no go :)
4- I'm a Digital Artist. 99% of digital artists i know are strictly against NFTs. Why, if the artists are the ones to profit? We're aware that people buying NFTs are not in for the artwork, and we do not want to sell our hard work to people who just want to own them so they can make more money off of them.
But the biggest reason - Art theft. I see SO many artists getting their works stolen and then sold as NFTs against their permission. I can look up some of my favorite Artists on sites like opensea right now and find some of their works on there, sold by 3rd parties who do. not. own. the art.
NFTs are a massive problem to the digital art industry. They're not environmentally friendly and serve no other purpose than Money Laundering. I can assure you none of the people obsessed with NFTs would be spending THAT much money to actually commission and pay artists directly to create a cool and unique image for them.
damn straight 💯 couldn’t have said it better loool
I havent looked it up and I dont give enough of a shit to do so but I think the apes are randomly generated.
boosting ur comment so more people can see
Dude. This comment is so true...
@Charisma Musician ‘no one cares’ millions of people care. Tou also care as you cared enough to comment your false fact
I guess I am getting old, but I will just keep collecting real art that I can hang on my wall or display in my curios cabinet at home.
Young people hate them too don’t worry
Feels like I’m being sold something. Makes me uncomfortable. Makes me believe NFTs are scams.
right!
THIS
actually NFT ARE scams at least pyramid schemes at best
@James Smith
Never would. Honestly, I kinda feel bad leaving a comment against the video because I respect a lot of what this guy’s done in the past but this shook me on his content, a bit.
Here’s the truth that he should have said:
No one who isn’t trying to scam will sell you an NFT. That’s it- it’s pretty simple.
LMFAO
NFTs arent even proof of ownership. Its proof you paid someone, who likely doesnt even have the rights to the original image, to get a receipt that you paid for the right to CLAIM you own it.
And the amount of stolen art being sold as NFTs without permission from the artists is insane. So now they are being used to sell art, they dont even own, for profit that should go to the artist.
Not to mention how energy inefficient each transaction is and the fact that "energy efficient" blockchain tech is as much an oxymoron as "clean" coal burning.
The whole thing needs to crash and burn, and I cant wait for the day it does.
Yeah!
NFT bros are gonna come at you, but you're right
At best they are an extremely expensive and energy-wasting way of getting a digital receipt for a donation...
@@ays7323 you really don't. Theyrr speculations. Cryptobros dont...seem to get that. And theyre going to be taxed soon as if they were stocks, because if you want to claim you have $100,000 in crypto, well the IRS wants their cut.
And I feel other countries outside the USA will follow suit. They will want their peice of the pie, and cryptobros will learn very quickly that they wont accept their fake money as payment.
Well said
Short answer to your question: yes, yes they are a scam .
Edit: I appreciate you changing the title.
The big problem with NFTs is that you're not really buying the asset, you're buying a receipt on a big list that says you own the asset. From there it's up to whoever holds that asset to decide what rights you have from it, and more often than not that's a good word or nothing. NFTs in games or as a form of project fundraising like you've shown are fun ideas, but with games you're buying into something where the utility is still limited and controlled by a publisher who can pull the plug whenever they feel like it. I agree though that if you think a project is worth the investment then there's no reason you shouldn't, the informed buyer is the best sort of buyer after all.
It's not even a receipt for the asset. It's a receipt for a link to the asset. There have been cases of people selling NFTs and then changing the file stored at the linked location.
hello Purple, plz don''t screenshot 😨😨😔
“You’re not really buying the asset, you’re buying a receipt on a big list that says you own the asset”
Like a stock?
Honestly curious
@@bennyrodriguez8788 Not like buying a stock. It's like buying a piece of paper telling you where to find a stock certificate. There's nothing stopping anyone from replacing the certificate with an empty cereal box.
@@bennyrodriguez8788 buying stock is buying portion of ownership of a company. Company's value rise, your stock value rise too. Meanwhile you'll get access to some privileges like voting rights for company decision and/or dividend from company's profit. Legal business
NFT's are basically CS-GO skins, but they have no purpose other than people thinking they may sell for more later.
The truth is, anyone can make a NFT, and anyone who does is bound to make a ton of money. Anyone who sells NFT's is a scammer, even if it's a real site.
Exactly. Imagine if you couldn't see your CS:GO skins ingame, and they were also stored in an expensive and energy-wasting database instead of Valve's servers. That's what NFTs are!
They are like CS-GO skins and... HOLY SH!T! Valve does it without the use of NFTs. How do they do it? It's almost like NFTs are completely pointless.
Wrong
@@CollectorKev Care to elaborate?
@@llewelynshingler2173 there’s nothing to elaborate. You all are wrong you don’t understand tech
Very disappointed that you’re speaking so positively about this bs man. No way you’re falling for a scam while trying to fight against scams
Bro this fake pleasent green aka Ben Dover go brrrrr tho
@@SainsburysMegastore These fake Pleasant Greens are no worse than the real one these days. What a shame.
@@SainsburysMegastore You have to love the determination on these people though XP
hahahahahahahah all nfts are scams right
You will be proven so wrong 😂
NFT is like spending hundreds of millions on the Mona Lisa just to be still on the Museum for everyone to see.
It's like paying for the invoice number on space on my server where I currently store a digital copy of the Mona Lisa. Might be loss.jpg tomorrow, depends on how I feel.
I still think that NFTs are a bunch of crap, and no-one can change my mind
Trust me man a lot of people think the same way. Nfts are crap
@@Milk-fl7rd Crap is good fertiliser at least.
NFTs are crap but this man decided to promote a scam because he's a shill... truly sad
i stopped watching at: it's not the same as screenshotting\save as, we have the same image but i didn't pay $3000 or more for it lmao
Gotta love how you ignored talking about the rampant art theft (of which my sister is a victim), pump and dumps, and the major environmental impact of NFTs and crypto in general. You yourself admitted in the video that most NFTs will be worthless down the line, so why encourage anyone to buy at all? Not to mention the fact that if any of the websites/projects producing NFTs shut down/disappear from the web you no longer have access to the NFTs, since all you're really getting is a link to a webpage. Whatever the blockchain says, if OpenSea were to shut down those NFTs are gone and so is your money. There is no physical value, and thus no stability. If the Beanie Baby market crashes, you at least still have the physical Beanie Babies you purchased. You may not make your money back, but they still have value as toys to kids. But if the company running that video game you talked about goes under, what value do those NFTs have anymore? What actual utility do they have outside of that game? None!
I'm honestly surprised you can't seem to recognize an obvious Ponzi scheme when you see one, especially after dealing with so many different scammers in your videos. Actually the best comparison I've heard is the Own a Star scam. You pick out a star in the sky and pay someone to send you a certificate that says you now "own" a star. The only proof is that certificate, which means if anything happens to it you've lost your money while the person you paid is laughing to the bank. There's also nothing stopping that person from selling an identical certificate to someone else (a scam I've seen happen several times with NFTs lately as well). Try to argue the star is yours in court? You'd get laughed out of the courtroom because you can't actually own a star. NFTs are the new Own a Star scam, except with far more on the line both financially and environmentally.
I am extremely disappointed in the lack of research for this video, which you've made sound more like an advertisement than an actual fair assessment. Considering you own a few NFTs yourself, I guess I shouldn't be surprised at your obvious bias. You've lost a subscriber in me, Pleasant Green. Here's hoping you won't be left holding the bag when all is said and done.
This was already a scam video... Just that you promoted it.
@@PleasantGreen Happy you made this video. All you did was shoot out some info and was honest about owning a couple NFTs. You explained the potential and the potential pitfalls of the NFT realm. You gave a basic rundown and it's ultimately up to the person watching to decide what to do with that info. Instead of simply seeing it like that you will have people who want to unsuscribe because you didn't completely bash on something they don't like and are against.
@@PleasantGreen This is not how you do PR.
@@PleasantGreen You control the content you bring, and you have to deal with the backlash when you make a (what I believe to be) mistake like this one. If a home products RUclips channel suddenly shilled NFTs they own, it'd be weird. For someone who built their entire channel on calling out scamming (and finding the good in humanity), this doesn't match your brand or your audience. If your subs dip (I haven't decided if I'm unsubbing), take it as feedback that you should stick to what made your channel great, and not flip to the other team.
You proclaim shame on Mr green for not doing research, yet you yourself clearly don't understand how NFT's work.
Never thought I'd see the day Pleasant Green would try to sell us a scam...
How the turns have tabled...
If he talked about Pokemon cards instead, would you say the same thing?
@@LowJSamuel Pokémon card you can actually hold in your hands NFT’s, crypto and digital land require the Internet and electricity if the power great goes down you have nothing
@@NeekSquad Is that the argument? That it's entirely digital? I don't follow that argument. Clearly digital goods can have value. It's essentially a record, and records (digital or not) have countless examples of having value.
where is he selling you anything
NFT in short, is another way for you to become little exploiters, just like the big exploiters. Call it for what it is.
I second that. Doing NFTs (from buyer or seller perspective), is exactly identical to being a stock market businessman. Not my way of life lol.
sup Bone, plz don''t screenshot 😨😨😔
Just like crypto, new fiat currency my ass. People only come and go for quick bucks lmao. Not even single place I see offer crypto as method of payment since it existence and even now
I am a fan of physical media/mediums... digital assets mean nothing to me, and like some digital assets such as movies and video games, your rights can be pulled out from under you without notice. Now NFT is not quite the same thing, but I think it’s really dumb to purchase. Though, I wouldn’t mind selling them. 🤣
The right to the NFT can't be pulled, but the NFT itself can be since the content isn't saved on the blockchain, just a link to the content.
people that "thinks" that this is cool, are EITHER GREEDY or stupid, someone will want to buy something, for the ONLY BENEFIT OF RESELLING IT, just imagine that, then everybody will want to invest until someone someday, gets STUCK WITH A RANDOM CODE, and a digital copy that is worth nothing, only to those who want to profit out of it, hence the scam method, now the other people are just thinking they have it legally, mentally brainwashed idk, something around those lines
The only reason I care about NFT's is reselling them for profit for me I don't care about owning digital art. I just wanna profit from it if it is profitable.
hi Pop, plz don''t screenshot 😨😨😔
the only reason people buy them are for money laundering. those are the kinds of people who will spend tens of thousands of dollars on an NFT.
The trouble with an example like this Defi Kingdoms thing (which sounded almost like they were sponsoring the video) is that nothing they are doing couldn't also be done without NFTs and without the shocking environmental impact of NFTs.
What environmental impact lol
Exactly! Thank you Matt!
You watch too much propaganda.
I think of NFT gaming like this - I spent 10 years straight playing COD then quit and have nothing to show for it. With Nft gaming I can quit in 5 years and if the game is still played I can sell my time or progress to someone else.
@@corwin_nyc first you bought someone elses progress to be able to play COD? Eventually it will become so expensive that actual players cannot even play it.
Yup they are a scam but it's *screenshot worthy*
Thats like saying bitcoin is a scam
This video is 7 mins, posted 4 mins ago and you're already commenting
Watch it first 😂
This screenshot gonna go hard
@@HazrdHazrd legit not the same thing but nice try
@@macanthonyonyirimba3096 both digital things you sell for money genius
As PT Barnum said, "There's a sucker born every minute."
Pleasant Green, I like you and you’re genuinely a really nice guy but, there are many more harmful impacts that NFTs had that you didn’t mention. Many people use NFTs to steal other people’s art work and try to sell it as their own without the creator knowing. I’ve had some friends who have been a victim of art theft and it’s not cool. Many other people in the comments have brought up the environmental impact of them and the fact they take a ton of energy to produce. It’s also the reason why many computer parts have been going up in price since many of these crypto miners have been buying up graphics cards.
If you do still support NFTs and fully understand the impact that they have, that’s fine, it’s your choice. But, taking all that into consideration I personally don’t feel comfortable associating myself with them.
"personally feel comfortable" geez man you sound like a baby, if you don't like them then don't be a baby about it. I think they're pointless but I don't say oh they make me uncomfy. Just move on with your life.
Like how stan lee rose from the dead to promote " his " crappy nft on twitter
You can report or file copyright infringement if you see your art being used as an nft without your permission that will stop people robbing your creations.
Honestly the energy consumption is highly exaggerated. The environmental impact of NFTs is minimal. I feel like this is just a topic brought up by people with a bias. The energy footprint of an NFT isn't really higher than your average facebook comment. Or this RUclips video you've watched.
@@NorthgateLP Doesnt matter.
I guess youtube taking away the dislike counter makes some creators brave.
hi Damn, plz don''t screenshot 😨😨😔
The Roasting in the comments may drive the video but it may prove a bigger headache than any amount of dislikes
only around 700 dislikes (I have a chrome add on)
Has 20% dislikes from users on return youtube dislike
I feel like this is one giant ad for NFTs.
Really disappointed to see this video. Had so much respect for your content but seeing this support of NFTs is so frustrating. NFTs are so harmful to the environment and the idea that they have worth is ridiculous. Its basically a fancy receipt that can cost thousands of dollars. I wouldnt be surprised if this crypto bubble bursts soon and peoples investments become totally worthless. Another huge issue with crypto is how the community prides itself on sole personal responsibility for finances which is so damaging!! It even comes up in the video with people who spend their money on this fake shit and cant get any reimbursement for this stuff bc thats how crypto is!! You talked abt some legitimate scams but didnt talk about the real environmental harms of NFTs and crypto
Thanks for bringing this up, I thought I was going crazy for how stupid of a video this felt to me.
hello CT, plz don''t screenshot 😨😨😔
@@harrisam2663 yall should know all that and so what if peoples investments become worthless thats part of the game
Talking like he's sopost to have the same exact opinion as you
Bitcoin will never be worthless i been seen so many bitcoin atms pop up
3:20 nfts for games does not make any sense either. You still have to rely on the game developer to keep the game going for your nft not to be useless. And if you are gonna rely on the game developers, why not just have your item ownerships stored in their database like normally, instead of having it on the blockchain. I have no clue how this should provide any value at all to these ingame items
Oh, so this is just an unmarked ad for the NFT projects that you hold a stake in disguised as a regular video. That's disgusting man.
When i heard u had NFTs i knew where this was going. Disappointed you didn't discuss the massive environmental toll each NFT takes to make.
Same
Is the environmental toll not equal to or even less than that caused by mining?
And why are people only just raising this issue in regards to the blockchain?
Are we boycotting all crypto now?
I guess the best investment is in the Reynolds company
hola Chuustix, plz don''t screenshot 😨😨😔
@@MrJoelDavies crypto and NFT are both bad and should die as quickly as possible. Why bother introducing new method when the one already existed is still working well
Yeah but unlike trading cards a massive world wide powercut can wipe out all NFTs, it’s a volatile piece of art that can literally disappear depending on circumstances
sup Agent, plz don''t screenshot 😨😨😔
This entire Blockchain, cryptocurrency and NFT things have incredible concept, but pretty shit execution
Or the server hosting the target image that the NFT points to can croak. Or someone can change the asset on a whim.
Same could be said about anyone making a living on RUclips.
Honestly why even waste money on NFT’s when you could commission an artist and get actual good art??? Never understood that tbh
It's supposed to be an investment, buying the thing and selling at a high price. After you find anyone willing to own a randomly generated image of a bored ape.
@@llewelynshingler2173 what kind of person would buy a pic of a dumb ape that isn’t even pretty for a lot??? There’s so many better things to use money on tho?
@@LunarToffee It's for people who are broke and live with rose colored glasses. Whenever you ask them proof of their portfolio and wallet they never show any and instead just say "u kNoW nOthIng."
@@datalt7873 man those ppl sound lame as heck
You forgot to mention how they use a TON of power doing the processing and how it fucked over the country of Kazakhstan. There also is a huge shortage on capture cards because they're being used for this so people can't get them for work/play.
Also a TON of artists are getting ripped off, people will steal the art, make it an nft and post it to like openseas or something. And openseas has stopped taking people's requests to take down the stolen art so now it's a big runaround to get it taken care of. If you really want some one of a kind art just get a commission.
There's honestly more cons then pros to all of this and it's kinda sad to see you try to push it without going over ALL that's going on with it.
Everything you said could also apply to physical trading cards.
Every complaint about NFTs can be applied to physical trading cards.
It comes across as being scared of new technology/change.
capture cards?
@@LowJSamuel you say that like the only way to do digital trading cards is via NFTs
hi four, plz don''t screenshot 😨😨😔
@@LowJSamuel physical trading card traders don’t steal artist’s work to put them on trading cards and then sell them for far more than even the original art is worth. nor does the currency used to purchase trading cards have even close to as much of an environmental impact. literally nothing in OP’s comment can be applied to physical trading cards.
comes across as someone who wants to feel smarter than other people but hasn’t put in the research to know what they’re talking about.
The disappointment I feel for PG basically making an advertisement for NFTs is immeasurable, and my day is now ruined.
Time to unsubscribe I guess...
PLEASE DO NOT encourage NFTs in video games... I like to play games, not gamble real money while trying to enjoy a game. What are you doing Pleasant Green? I thought you were trolling for a few moments there, but alas.
This is good content for those that want to buy NFTs but the entire NFT concept is very sketchy to begin with. The content itself is not on the blockchain, just the "certificate of authenticity" with a hyperlink to the content. Nothing actually preserves the content itself, allowing it to be deleted by the image host, creator, or more. Additionally, anyone can stay they have the rights to create a "certificate of authenticity" without doing so, or even make duplicates of the image without you knowing. I really wish Pleasant had gone in depth. Sure, there's creators and NFTs that do things right, but the mass majority of NFTs are unsafe investments.
To be honest, I am not even surprised that Pleasant Green is shilling for NFTs now. This channel has always pushed a neoliberal worldview with this "Oh, you are poor and need to resort to scamming? Just start a business lol!" mentality. Pleasant Green rarely stops to think why African countries are so poor, or what the systemic causes of scamming being so prevalent there might be. It's all just about individual pseudo-solutions like charity or starting a business here, rather than looking at the big picture. In the end, capitalism is the biggest pyramid scheme of all.
I agree. Coffeezilla did better video "Right Clicking All The NFTs" of explaining what NFTs really are.
Im really worried about the recent trend within gaming with NFTs. Konami just announced, with the 35th anniversary of Castlevania, that they're getting into the NFT market. SquareEnix said on their Jan 1st blog they want to start using it for gaming. That gaming is going to start being 'play to earn' or even more 'pay to play to earn' - basically a second job for most people just to 'enjoy' a game they like. Online gaming already has a ton of FOMO moments with gear or mounts or whatever - and now it would seem that you could miss out and not have opportunities to get unique items if you're not doing the NFTs or you're not constantly playing. Or you're having to pay more money into a game just to have that one unique special item that NO ONE else can have. I fear its going to break communities, it's going to make whales (people with too much time/money/both who spend insane amounts of real money to buy digital goods in-game) more valuable than they already are to companies, and well your average player who works but still wants to game are just going to be lost in the mix. Any thoughts on gaming and NFTs?
> Any thoughts on gaming and NFTs?
It's stupid. They replace part of the game server database and market system. But at the cost of ruining the environment. Look at CS:GOs skins for example. What benefit would you get if those were stored as NFTs on a blockchain? Exactly nothing, except that they would get so expensive that no players would be able to afford them.
I mean, we need to fight back on it. We sortof let them run with microtransactions thinking they wouldn't get out of control, and it got well out of control.
I think of NFT gaming like this - I spent 10 years straight playing COD then quit and have nothing to show for it. With Nft gaming I can quit in 5 years and if the game is still played I can sell my time or progress to someone else.
Well the thing with gaming NFT's is that gaming current micro transactions are non refundable and are just that cosmetics ya spend money on and in some cases crack lootboxes for. Wasn't one of the complaints about this being that micro transactions in video games are unsellable goods and have no real world value. Well now they do with video game NFT's and they can be sold for real money once ya wanna leave a game and you are able to get your money back. It makes perfect sense for video games to have it, if they remove the active micro transaction system and make cosmetics a straight up purchase.
@@calls7989 I can see the benefit, but you're trusting the game industry, an industry that makes no bones about being max profit. That's a lot of hypotheticals. And yeah, my fear is hypothetical too, but I'm guessing what they did with microtransactions they'll double-down and try to maximize the bottom line however possible.
Sorry bud you make good content but support for NFT's and not telling the whole story about NFT's is just reckless. NFT's is not helping our globe problem of energy crisis and making it worse by funding these types of programs. People are fully being effected by crypto in a huge way now since some people that have skills on digital creation are having such a hard time getting GPU's without spending a down payment on a car. Speaking of cars their prices are raising with the chip shortage from all the companies needing more factory's for the demand.
Sorry bud you made a good comment but you’re not telling the whole story either. Your global crisis concerns are only valid on proof of work blockchains like Ethereum. The tech is maturing and most blockchains are moving to proof of stake (including Ethereum 2.0) which doesn’t require the energy consumption that proof of work does.
@@sidneyjacques1887 Ethereum is still mining and mining requires GPU's. Soooooo doesn't help with anything
@@Superstarearth no, in proof of stake there’s no mining. Mining is the process of verifying the blocks on the chain which is why it’s proof of work. They’re considered stakers or forgers in proof of stake. Proof of stake is much more energy efficient. You should read up on it and support proof of stake blockchains. I like FLOW personally.
@@sidneyjacques1887 Block chains still need service and upkeep to keep peoples wallets in server space while other crypto is wildly popular right now. Also the legal loopholes that crypto brings to the table is still a massive problem.
@@Superstarearth you’re moving the goal post here but even with that, the current financial system is the same situation, servers and upkeep. Current day everything needs servers. Social media probably more so than any other system. In fact I’d venture a guess that social media bandwidth far surpasses many other big industries combined.
So, this was pretty much an infomercial for NFTs
NFT's are also a great way to launder money. Gone are the days of having to decide where to put that big pile of illegally owned cash. Now with just a couple of clicks, you can own millions of dollars of legal "art" and resell them at a premium whenever you please.
No
Was this whole video a AD?
...Or maybe you could just commission a really cool original art piece directly from an artist and have a nice original one of a kind thing as well as supporting an artist directly instead of contributing to the pyramid scheme/money laundering game...
It's even cheaper than paying an NFT. And major upside of it, the artist can actually buy food or pay taxes with the money.
Thank you for the explanation (and the awesome clips!) Unfortunately, I still think NFTs are stupid and a waste of money. Instead, people should put that money towards their savings or retirement!
@@user-op8fg3ny3j This ^
Having a large savings account these days is literally throwing away money due to inflation. Like Lenny face above me said, i'd much rather throw it in a nice safe blue chip stock and watch it hopefully best inflation instead of lose money to it
100% agree
I earn the whole -11€ (yes, minus) a year from my savings account :-D
@@Yorick257 lol whatt
hi bravo, plz don''t screenshot 😨😨😔
There's one key difference between beanie babies and NFTs: beanie babies technically exist
Digital scarcity is just stupid, this goes against all the benefits what the digital age can offer.
And everything what is shown in games can be done without any blockchain NFT crap.
I cannot believe you, of all people, have made this video. This is clearly just a sponsored video dressed up as something else.
Why is no one talking about the obvious? NFT's are a great way to launder money.
And they're good for Pump and Dumps.
We could be a Al Capone of nft laundering
I cannot believe you, an anti-scam channel, are advertising NFTS, a well known scam.
That's why ppl are making money from them right?
@@pythondrink Some people also make money in MLMs and Ponzi schemes? Just because some people make money in a pump and dump scheme like most NFT projects doesn't mean it isn't a scam. If no one was making money, the scam wouldn't exist
@@christopherrecinos2988 well you guys literally have no reason to say it's a scam. It's literally ppl doing trade. Don't get why everyone is so butthurt about it.
@@pythondrink it's literally greater foot theory. a large majority of NFTs are owned entirely because whoever owns them thinks they can sell them down the line for more money - i.e. to a "greater fool". There is no value in an NFT and you don't even own the image itself, simply a URL. Also MLM's are also people "simply doing trade", that doesn't make them less of a scam
NFT "trading" is a zero-sum game.
All it does is divest fools of their money and hand it to scammers.
NFTs are scams.
A cardboard box might be worth $1000 to a crackhead but that doesn't mean the cardboard box is valuable.
All NFTs are scams
One major thing that was missed is that the blockchain only has the URL to the image not the image itself. so the person that owns/hosts the image can change it at anytime and because the blockchain is permanent that url is permanent and nothing can be updated. The “certificate of authenticity” is not a thing
Indeed, the host can just run away when he got enough and people who buy it can't "use" it anymore lol
The amount of energy used in a single NFT transaction could likely complete an entire Folding@home work unit, or half of it.
So NFT is mineable? Cuz you need miners to do calculations to do transactions
NFTS are a huge bubble. I feel bad for anyone who gets tricked into buying them this late
It’s basically like a advanced version of a pyramid scheme and anyone at the top who first got in will make money but the people who got in later will be left with nothing
Although, I think this is great information on NFT's, I feel like you should of talked about the harms of NFT's. Glad you are trying to inform people about sketchy sites, but I think knowing the impacts of NFT's on our environment are just as important, if not more so than how to avoid sketchy sites. Still a great video and always excited to see more videos from you!
NFTs, as a technology, are not inherently bad for the environment. The way they are commonly implemented now is.
Thanks for the feedback!
@@LowJSamuel Not true. NFT'S require energy to run them on servers that use massive amounts of energy and where do you think that energy comes from? From burning fossil fuels which release massive amounts of carbon dioxide in the atmosphere. A 6th grader could have figured all of this out.
@@Jay_Patell lol then why did we need a video to even know what an NFT is?
@@Jay_Patell Nope. NFTs require massive energy currently because of how they are commonly implemented. NFTs are most commonly on the Ethereum blockchain, which is proof-of-work. Proof-of-work is the environment destroying concept that gives everything crypto-related a bad rap. This is because it's basically running computers hard for the sake of running computers hard in order to validate transactions (creating and trading).
But there are other ways for cryptocurrencies and NFTs to work. Most commonly, proof-of-stake. The Ethereum blockchain itself is set to switch to proof-of-stake eventually with ETH2.0.
Proof-of-stake is no where near as environmentally damaging as proof-of-work because it does not rely on running computers hard to validate transactions. Yes, electricity will still be used to process the transactions, but no where near the amount that PoW does, and certainly not enough to even be worth considering. Criticizing PoS for being environmentally damaging for using some amount of electricity would be akin to criticizing simple online banking for the same reason.
So, like I said, NFTs are currently environmentally damaging because of how they are commonly implemented. But the concept does not have to be. Exactly what my original comment said.
In my opinion about environmental impact, that’s why it is important to keep two things in mind:
#1 Don’t buy NFT.
#2 Stay away from crypto currencies.
How much electricity do you use on your devices? going to concerts? travelling in cars or public transport? How much does your work place use on lighting? how much air conditioner or heating do you use? do you switch a light on? Do you cook? youre a hypocrite.
@@JS-tm1gq Be polite and stay well. This is my only answer to anonymous people here.
@@richardguimond7665 do you have a bank account? How much electricity do the banks use? All those fancy office building and branch in every capital city. Do you use eft terminals? How much electricity does it take to power and process every eft transaction world wide? What about all the stores? Do you buy stuff? How much electricity use do you personally contribute and are responsible for creating? And somehow crypto is seen as some environmental issue. Get a grip.
@@JS-tm1gqOf course I am not saying to be a zero energy consumer. I am sure you are smart and understand that we can avoid consuming energy for things that are really not worth it. As much as possible, I try to walk, bike, use public transportation, buy only what I really have to buy, etc.
@@richardguimond7665 Do you have a bank account? have you used eft terminals? how much juice do you think it takes to run central banking? Have you been to a concert/festival before? do you listen to music?
as a digitsl commission artist, i assure you when someone commissions me THEY also OWN their piece
i own my work, they own the character in their work and it's a mutual partnered ownership
sorry green, there are a lot of other areas that you didn't mention about nfts vs their alternatives- like simply commissioning an artist
Well what do you do if someone’s steals your art without credit?
@@taskmagician4289 I don't entirely care tbh LMAO both me and the commissioner knows who actually owns it, if someone else wants to take it and do whatever then that's on them and they'll eventually be found out
I can always use dmcas to take down people using stuff for commercial use if I really need to
There are many ways for artists to protect their work, much more effective ways than using nfts
Nfts are more for the buyer of the product than the artist themselves I believe
Art will be used, art will be spread and people will post stuff without credit all the time, just depends on how you wanna react to it
@@taskmagician4289 if someone tries to sell that art they would have to either claim that the artist sold it to them which can easily be debunked by the fact that that just never happened, or they would have to claim the art as their own, in which case copyright laws could be put into effect.
I don’t mind sponsored vids - but it’s pretty scammy to shill these NFTs to your audience without mentioning you’re getting paid for it anywhere.
I disclose when I'm sponsored. I wasn't in this case. It may have been helpful for me to clarify. I'll remember that. I'm just trying to share examples of how I see them work.
First, you legally have to disclose if your video is sponsored. So, are you accusing Pleasant Green of a crime?
Second, he used them as examples of ones he bought and the different kinds of NFT's that exist besides weird pictures of apes and lions.
Kind of blows my mind how people react so negatively to NFT's that they will outright accuse a youtuber known for busting scammers of not just being a scammer himself but also actively breaking the law and TOS of youtube.
@@PleasantGreen I apologise - shouldn’t have jumped to conclusions but it’s becoming a massive issue on RUclips right now.
@@ChrisBryer yes I was accusing Pleasant Green of breaking the TOS of RUclips as hundreds of other influencers are right now. Projects are paying 5 figures to have their projects shilled.
For the record I’m really into NFTs - it has nothing to do with what is being sold, I have no problem with that. I hate seeing influencers rinse their fan base by not being honest
@@PleasantGreen You stand to make a profit if the NFTs you are holding go up in value.
That's so near to sponsorship it makes no difference outside of a court.
As an artist, a digital artist
This holds no value to me at all
I'd rather get 100 unique commissions than 100 of the same but slightly different
this video feels like a advertisement for NFTs
I love watching your videos, I would happily sit watching them back to back for 24hrs or more, if I could keep awake cos of legal pills I'm on for illnesses,
Your videos are all amazing, your face, voice, demeanour, just great to watch, I'm surprised you've not been snapped up by TV companies by now,
Ps: no I don't play for the other team, (if you know what I mean)
Anyway, thanks for another great vid.
Is this video an ad for Defi Kingdom? Or you just decided to make an NFT video promoting Defi Kingdom, after getting a Switch from them.
This ad made me lose a lot of respect for you man.
Darn. Maybe I can earn it back in the next video!
I think NFTs are fucking stupid. Sure some of the designs are cool but usually it's stolen artwork to be sold. I hate NFTs because it seems its all stolen art.
You either die a hero, or you live long enough to see yourself become the villain.
Short answer: Yes.
The only person getting rich is the person who sells it the first time.
You could say the same thing about Pokemon cards. Are those a scam?
@@LowJSamuel Yes.
@@pillgrimm It's not, since it's an actual collectible real life object.
@@LowJSamuel You can actually hold it and take it with you on a date. No one can fucking screenshot a Pokemon card
@@vadimuha you can take a photo though.
This “get of the nft train or get left behind” is so toxic. Besides being tangibly worthless scams, they have a huge environmental impact.
I’m really disappointed by this.
When the scam depends on dumping the trash onto gullible new people then you'll have a lot of people telling you it's a good idea.
Odds are if he is explaining something, it’s a scam! Lol
no
he just said he owns some so
massive L for him tbh
@@pillgrimm for real. lowkey disappointed.
@@everfluctuating I'm highkey disappointed. No reason for me to stay subbed to this dude.
It IS a scam
NFTs only sell you a hyperlink. You don't have or own the artwork or object. If the seller turns off the image server, you just own a dead link.
Short answer: yes
Long answer: yes
That is a scam, you know it, and really bad that you have a game in it. Sadly but he sold out himself. But still thx though for other videos.
You’re welcome
"You were the chosen one! It was said that you would destroy the Scams, not join them!
I think NFT's will cause the next crypto crash. People will lose interest and prices will plummet
Yes
You were the chosen one! It was said that you would destroy the scams, not join them! Bring balance to the force, not leave it in darkness!
Another video! I was just watching the did I get scammed video! Can’t wait for this
This felt like an ad. I don’t wanna unsubscribe because I have enjoyed your content in the past but if endorsement of NFTs is something you’re gonna double down on I may have no option but to unsub please don’t trick people into buying into a fly-by-night operation
Hey friend. I’ll get back to your regularly scheduled program next week! I wouldn’t say I’m endorsing NFT’s. I literally said 99% of them are garbage. Im giving tips to avoid scams IF you do choose to invest in one. Far from an endorsement 🤣
@@PleasantGreen ignore my comment if you want but you can't unread it.....you just showed an ad for an nft game...how stupid do you think we are?
@@techcomments7348 did I show an ad? Or did I show an example of how an NFT utility works? Either way I wasn’t paid to promote it. But think what you want! See you in my next video?
@@PleasantGreen yup definitely when is it dropping?
@@techcomments7348 two next week! One is about an fraudulent email survey and one is about a lottery scammer who sent me a text. No more NFT’s! 😂
how much they pay you for the promo?
NFT's are a scam. The NFT is not the image but the RECEIPT for the image.
I feel as the main issue is hype... peoples attentions spans are quick now, and the nft hype WILL die eventually, and anyone who still has an NFT will lose money.
With NFTs though you don't actually own the image. You just own the "directions", the URL to the image. At some point in time, if where that image is hosted changes.... too bad. You don't get to own the new URL.
I've been a fan of your channel for a while, but it's disappointing to see you promote these. The segments where you promote you "supported projects" feel sponsored, and the video feels off compared to your others. Regardless of if you were paid to make this, I feel more research and effort should have been brought into the video.
Why did you present the NFT products like an ad-read? With the fun-commerical music, stock B footage from the product, an explaination about how it works and the benefits, explaining why you like the product and the whole "discord switch" which implied that people who invested could have the chance of earning a Nintendo Switch or other rewards. It immediately activated the "this is a sponsered segment" part of my brain. I know you disclosed that you had personal stake in the products, but it was just disingenuous in the way you presented them.
NFT's are already a scam.
im really against nfts mainly because of the environmental impact they cause, and honestly, there are more ways to support a game or a family friend show production, like donating directly to them!
i really like your channel and respect you so i respect your take on nfts, just thought i should leave my opinion here 🙂
Your opinion is dumb. Stop watching RUclips if you care about environmental impact.
Some chains sending an nft is less than 10 seconds of watching RUclips ...so do your bit and stop watching and commenting
im leaving my opinion here and being respectful about other people's opinions, and you being hateful makes me hate nfts even more, thanks crypto bro!! you made a terrible job
Thanks Ash! Good to think about. Appreciate you being here.
@@PleasantGreen ✔
@@ashpog "do your bit", like what bit ? buying crappy jpg for hundreds of bucks and risk having them stolen from you? yeah I should try that lol
Man I love you I absolutely learned so much for you
NFT GAMES ARE SCAMS. YOU NEED TO LOOK INTO THIS. Buy an NFT for a game and you barely make enough back as your NFT is worthless after so many uses.
"Buy a nft, use it in X amount of battles, if you win you can make a small % back, good luck making all your money back" is more like it
There are people selling art from a famous deviant art artist who passed away of cancer. (Qinni)
The brother is fighting it, but it hasn't ended.
"Stop profiting off my dead sister" - Qinni's brother
And the sad part is that they technically aren't even doing anything illegal. They are not selling the rights to the artworks, or even reprints of that... They are selling basically nothing to stupid people.
Are NFTs scams? Yes.
Are they stupid? Also yes.
Imagine going in debt because you bought a poorly drawn picture of a monke
THANK YOU FOR THE INFORMATION, YOU ALWAYS DO A GREAT JOB, THANK YOU
I'm incredibly disappointed to see this glowing endorsement of NFTs, which are harmful to the environment and have on numerous occasions been used for harm and harassment and art theft.
I know numerous artists who have had their pieces stolen and sold by unauthorized third-parties on the blockchain, and it's not made any better by the fact that platforms like Rarible and OpenSea make it deliberately difficult to file a copyright claim for items minted on their services.
This video probably shouldn't have been made in the first place.
Laser printers can also be bad for the environment and used to scam people. Should we refuse to recommend printers to anyone?
@@LowJSamuel NFTs are a completely different case. Comparing a useless digital scam with a thin veil of "ownership" to a real appliance with legitimate real-world uses is like comparing a rock to your home computer. It simply doesn't work.
Feel like y’all just regurgitate the same information
@@PrincessLillie A better comparison is to physical collectibles. What is the material difference between a physical collectible and a digital collectible?
Anything can be a vessel for scams. That does not mean we should completely dismiss the entire concept.
how are these harmful to the environment? they take nothing, and are less wasteful than real art. Also I dont think you watched the whole video before commenting this.
I love your other videos, I'm super disappointed that you support NFTs. You didn't explain the environmental impact is has and how it has made digital art theft rampant. To each their own I suppose...
@@theFishy_ read the pinned comment
I love the rock's cut-in perfect timing. Awesome!!!!
I got this video recommended and at first the video seemed normal and informative, but the like-dislike ratio was 86%(return yt dislike extension) got curious on what I missed,and after reading through many comments and rewatching , it felt more like an ad and it felt he is contradicting himself in the same video.
Literally a prime example of looking at something with different perspectives matter AND dislikes does prove the validity of a video.
Thank you my fellow commentors for reading.
Interesting thought. You're likely not alone. I've pinned a comment to address a lot of comments. Thanks for stopping by and for the feedback.
Don’t shill NFTs pls. That stuff looks awful
Most people do not own their NFT’s, they own a link that takes them to the image. Another thing I notice is that people who buy these links tend to try to pump them to other people to keep their value up… hence this video. It’s sad that you don’t mention really any of the downsides (environmental impact, lack of owning the actual asset, etc.) other than people who straight up scam. Ben, mentioning the projects you’ve invested in is super self-serving and not on-brand for you.
If this were actually Pleasant Green talking about his enjoyment of collectible baseball cards, would you say the same thing?
@@LowJSamuel You didn't actually read the comment, did you?
@@superzigzagoon I read the whole thing. Can you answer the question now?
@@LowJSamuel You didn't ask me one. Anyway the problems with NFTs that the poster made cannot be applied to collectible baseball cards.
@@LowJSamuel No I wouldn't say the same thing, because I do not equate shilling speculative virtual assets you own with an entire category of physical collectibles.
Wow I remeber when u have 700k subs u grown congrats !
Could you explain if there are any financial or practical benefits of NFTs over traditional assets? Traditional includes non-tangible things like copyright or ownership of a web domain. When it comes to charity, I prefer to help people directly, like how you helped Joel and Chikaordery.
NFTs are scams and this guy advertising them on a game
That "going to my bank account" was pretty funny though
Thank you for the explanation!
Thanks for the info. Also, do you have any update information on Chikordery?