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Except for the part that NFT doesn't mean what people thinks it means. Even this video is making a mockery based on homo sapiens understanding of what an NFT is. It is a lot more than just owning some jpg.
It's even worse than the video depicts. The images aren't even the NFTs. They're just tacked on. An arbitrary representation. The actual NFT is just... a number. A series of digits. That's it. Even the blockchain doesn't say they own any image. When you buy an NFT you're literally buying nothing. Not even pretend-rights to a shitty image like most people seem to think.
''It kinda just sounds like a buch of people playing make believe'' ''Yeah but the same could be said about a lot of social constructs'' That's the entire point of this channel
quite a lot of things society is built on is ultimately make believe. laws, morality, how we measure time and other important things, language, writing systems, all forms of communication, power structures, government, money
Future Ryan, "And people are wondering if WWIII would really be worse than what's going on already..." Past Ryan, "OH! ...my god..." Future Ryan, "But we have a GOOD Sonic the Hedgehog Movie Franchise!" Past Ryan, "Wasn't that in a Mayan prophecy forecasting the end of the world?" Past Ryan, "It is!"
Future ryan: yeah but at this point half of america is more focused on gas prices and personal problems and the other half is just ready for everything to end
The fact that people are genuinely freaking out of natural technological development is the greatest proof of human stupid. Any new idea is always treated with unnecessary outrage despite all the evidence from the past
@@blowc1612 Uhhh no they don’t? 3 came out in 2018 (or was it 19?) with another 3 in 2020, sure there was only 1 in 2021 but I just assume he couldn’t think of many topics for that year
back then we still believed that timetravelers wanted to visit us and wanted to accomodate them, so when they disorientedly walk past a TV store with a wall of functioning TVs or go into a bar when the game isn't on to eat nuts and pay with cheap labour because they don't have "nowtimedollars".Today we just assume nobody wants to visit us and have left our proverbial livingroom uncleaned.
"What's an NFT?" "Unclear." "So why do people buy them?" "I'm going to need you to get all the way off my back." "Alright. Let me get off of that thing."
Technically the NFT is the "token" and NOT the image. The NFT is merely associated with the image. That's why you can copy the image but the token is non-fungible. Hence this entire thing is even more stupid.
The commentary about social constructs "teetering on the brink of collapse" is very clever, topical, and frightening. I love the subtext you so easily manage to slip into your videos! Well done!
The beauty of Crypto being just Capitalism 2: Electric Boogaloo is that it really brought to light just How Fucking Fake and Fragile our current economic system, and several other Social Contract Systems really are and how all it takes is for enough people to say "Yeah im not sure if I wanna participate in the scam" for it all to collapse And then someone tries to do it again because Why The Fuck Not
Im 70 lectures into a 97 lecture series on the Russian revolution and I got super depressed today cos we are so teetering on the edge of collapse - only we don't have the clever guys with vision to build a new society as they did in 1917, and what's even more horrifying is the reasons things were sh!tty is communist Russian is mostly the west didn't want n them having happy workers cos then the west would have to be nice to their workers, its all as dystopian as hell...
This is the only channel I can think of where I actually stick around for the ads. Because not only do I want to reward putting it at the end instead of making me wait through it for content, but more importantly it's actually made fun. I don't understand why that's not more common.
i think a lot of people must get sponsored by companies who limit creativity (like mobile game companies) or depending on who is doing the ad, there could be a lack of time to do anything more than the standard read. there are several sketch channels like this one, sometimes gaming creators advertising VPNs, that always try to breathe a little life and fun into their ads. it’s definitely something to be appreciated - i feel like ad reads are very much moving in the same vein as television commercials - channels like these making the ones you remember ten years later that you don’t even bother muting the TV for
The crazy part about this series is they don’t want to bring him back. It’s because, even though the time machine is broken, they will eventually fix it; and with time travel, it really shouldn’t be a prob to go back to when he first said he wanted to go back and pick him up.
The only person capable of fixing might also be the guy who dies in 2004, thus it never gets fixed. Either that or corporate found out it would be too expensive to fix and decided having a permanent reporter stuck 28 years in the future might prove useful to them...
I've always assumed that the time machine was more like the one in Looper. You know, where it sends *you* to the designated time, but it doesn't travel with you. Otherwise, wouldn't it be *his* time machine that's broken? Not theirs?
If we think about this realistically they really shouldn't bring him back with Covid going on. Imagine if he would have it and that's how Covid started 30 years earlier lol
A more accurate comparison would be the Own-A-Star certificates from the early internet, except built on fictitious capital. Anything can be an NFT. It doesn't even have to have any media or metadata, it's just a token on a blockchain.
@@billvigus3719 Yes they can, all you need is several companies selling stars. Of course, none of them have ownership of the stars to begin with, so all the sales are rubbish. But they are equally rubbish: if your claim was valid, so would the claims of everybody else be. To be fair: the difference is that it's possible to legitimately own a NFT, but it's just the token. You don't necessarily own the object the token is pointing at. Kind of like the difference between owning a subway token and owning a subway train.
Nope, because stocks are of companies that actually produce goods and services that are valuable, and the value rises and falls based on how good those goods and services are. NFT's and Crypto don't produce anything and their only value is based on some idiot saying "I'll give you money for that thing that doesn't actually exist and does nothing".
A custom Pog is a physical object you can hold and cherish. An NFT is a JPG. My computer is full of JPGs of pictures I have taken and memes I like that cost me zero dollars instead of some overpriced ape art.
It's actually worse. You don't own the copyright of the digital file associated with the NFT. An NFT is just proof that the copyright owner gave you permission to use the file. The person that owns the copyright can legally make infinite NFTs associated with same digital file.
I had about a tube of random pogs, but a really nice slammer to go with them. No clue what happened sadly. Probably in whatever hole my Tamogachi fell into. Farewell purplez!
It would be funny if this series concludes with the host learning how he is going to die and then instantly showing up next to the reporter as an old man saying "I finally fixed the time machine"
'Well the same thing can technically be said about money & a lot of social constructs all of which feel like they're teetering on the edge of collapse PLEASE BRING ME BACK TO THE 90s' 🤣🤣🤣🤣 I felt that lmao
Worse, apparently NFTs don't actually contain the file they "own". They're a link to an external source for that file. Hence, if the file hosting place collapses, you have a proof of ownership of a thing that doesn't exist anymore. I guess it's like having the title of ownership for a car that was abandoned in a field and has rusted away into nothingness. Except in this scenario, the car is sitting in a field, and you own it, but you're powerless to relocate it or protect it in any way.
Tons of them are already dead links because people put up stuff they didn't own and got takedown requests against them filed. On the NFT sites the image never loads and it just spins a wheel forever now. Seems like a sound investment.
Can we just appreciate the fact that not only does Ryan make some of the funniest and most creative sketches on RU-vid and has over 1 million subs, but he also basically carries the screen rant channel on his back with one of the best series in RU-vid. It's so good, it got its one RU-vid channel. A lot of people (me included) only really watch screen rant for the pitch meetings. All of this and not even mentioning that he works completely alone. He deserves a lot more subs imo
Everybody thought that ScreenRant will lose subscribers after Pitch Meeting got its own life, but, they actually grew up. The number of subscribers got up!
"They're one of the most valuable collections." "Why?" "Because people sell them back and forth to each other to artificially increase the perception of value in them." "That works."
This could have all been explained to someone in the 90's as "It's like digital Beanie Babies, but much more expensive and anyone can duplicate them." As dumb as this current trend is, most of it has it's roots in a LOT of 90's trends actually.
Well, see, there's a massive difference. The 90s didn't start collectable trends. Throughout history, humans have had plenty of collections that became valuable over time due to their exclusivity and partly because of nostalgia. The 90s just happened to be wrong about Beanie Babies specifically. The problem with NFTs is that the valuable part of a digital image, is the image, not the code, and the image can be copied an infinite amount of times. NFT pushers want people to believe the "ownership" is what makes them valuable. If they succeed, then yes, NFTs could become the next collectable, but it's extremely unlikely the masses are gonna fall for it, especially since there are a bunch of other problems wrong with NFT's in general.
@@ShadyDoorags Not only are they easy to duplicate, they are far to easy to make. Lot of Celeb's just walking around taking pictures of themselves and selling them as NFT's. Flooding the market so to speak as it takes zero effort to make the things.
@@ShadyDoorags It's the same scam that happened with coin collecting, comics and more recently video games. You and your buddies get a large quantity of a product, set up a place for the buying and selling of that product, sell that product back and forth between your friends to get news coverage of 'this product sold for multiple millions' and 'are product going to be the next big thing?!?' to drum up interest and investors. Then you slowly unload as much of what you have over a few years at massively over-inflated prices. Don't get me wrong, I actually like NFTs and I think they have potential if they're used to prove ownership of tangible items or even as an MFA solution, but the way they're being used right now is almost certainly a scam.
@@kenanderson3954 the blockchain idea that is behind nft and crypto is interesting but both of those things are designed in a way that is much too open to abuse by rich people to be usefull in its current form. Since its worth basically depent on how much trust people have in it, all you need is a billionaire like Elon Musk who buy a bunch of it, artifically increasing the price, and start promoting it online so regular people will buy it believing they'll get rich quick. Then all he have to do is sell it at inflated price while most people will end up stuck with it or loosing money. And the worst part is that the money they put in crypto isn't taxed yet! That's why billionaires love it.
The last line got me: "NFT's lead to a bunch of carbon emissions, there's *still* a pandemic going on an *Eeeverbody's* talking about World War III. Holy shit... world explodes.
Check out the piece that Folding Ideas did recently on NFTs. His thesis was basically that NFTs exist purely to create something to spend cryptocurrency on and thus pull more cash into crypto to keep the market pumped.
".. please let me go back to the 90s!" Having lived in the 90s, I share the time traveling journalist's feelings ... And no: It's not a nostalgia-thing, it's a "the present of 2022 sucks balls!"-thing.
Thanks for the very informative skit! I am not a time traveling reporter from the 90’s and I still didn’t know what an NFT is. Having said that, I now understand they are intangible things that you can buy, or you can copy it for free.
"Everyone is talking about WW3" Is probably the worst thing you want to hear as a ending/cliffhanger of a Time Traveler News Broadcast. Especially because in the 90 the cold war just ended, and there was a huge Atomic Propaganda (with funny cartoons, safety videos etc.).
Please we need more of these time travel videos. I also love that you're keeping the storyline going of him being stuck in the future. That would make a great movie. You could call it the 90s movie. And it's about him trying to find a way back home.
He also really hit the nail on the head with the target year. If there was a best year ever, it would have to be 1993.... but if there was a year I would go back to to set things on track because that was when everything started to go wrong, it would be 1996.
Ryan you are a genius. You’re practiced and spot on. Every joke lands. This is why we (the audience) love you. You show up with all the time and effort you’ve put into everything and it SHOWS!
Almost a correct answer. The future is dumb because people talk about something they know nothing about. NFT was never about JPG, but the uneducated ones wants to see what they want to see.
@@dwight3555 Plenty of negative things can be said about NFTs, but them being a pyramid scheme is just plain absurd. NFTs weren't invented by a company which is single handedly profiting from this boom, it's all built on top of open source technology which is free for anyone to use. Anyone can make NFTs, just like anyone can make modern art and try to sell it. NFTs are not any more a pyramid scheme than modern art collecting is. It's just good old capitalism.
... and sadly. Most consumers have no idea what NFTs are, this video didn't help any explaining it either. If people think NFT are about owning jpg, they missed the marked completely.
I still like to believe that in the “well if he’s in, I’m in” video that the target is the 90s host guy, and you can see time travel reporter guy there, and that’s why he doesn’t tell him about his death.
