Line Goes Up – The Problem With NFTs

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Название	:	Line Goes Up – The Problem With NFTs
Продолжительность	:	2.18.23
Дата публикации	:
Просмотров	:	12 jt

Yooo didn't know mothers' basement was involved in this! Glad to see him talking about tits!
Comment from : Thunder Spark

Its hilarious to see people complain about their stuff getting stolen, that's That's a feature not a bug of a decentralized currency with no authority The express point is to remake cash and specifically one to one transactions, but people are mad that cash can be stolen or scammed out of them Theyre mad about it being too accurate and successful at the goal
Comment from : Ivan Dusseau

This video is YouTube canon
Comment from : Miegodo

When Lawrence Lessig wrote that, "Code is Law" he meant that the proprietary closed source code forced upon you by Microsoft or Apple has the power ultimately to control your life by controlling what you can and can't do by controlling what your computing devices can and can't do "Code is Law" means that their proprietary software make Microsoft and Apple into being the effective government in society The idea that "Code is Law" did not mean what the crypto-bros take it to mean, that you as an individual can make up whatever laws you want simply by writing code That is never how "Code is Law" actually worked
Comment from : Benjamin McLean

1:47:15 It wasn't that hard to predict, but ya did it to a tea Ai is the new blockchain now lol
Comment from : ItsJoeyG

I'm not particularly a crypto fan but all of the criticisms of crypto currencies particularly Bitcoin seem a bit hollow compared to government Fiat currencies Is the USD just a greater fool scam that's kept going for a century?
Comment from : bobdole57

bMan sees existing power structures re-create themselves but is still convinced socialism will work/b
Comment from : Zidzan

personal time stampbr00:13:30
Comment from : Tom

1:07:39 Is this big joel 😮😮
Comment from : Nithin

44:47 bookmark
Comment from : Nithin

I love your videos but feel I must provide some claritybrAt 36:00 you say that converting crypto into cash is the step that is a taxable transactionbrHowever, the IRS treats crypto like investment property, rather than a currency This means that trading one cryptocurrency for another qualifies as a taxable transaction, as only real estate property still recognizes like-kind exchange treatmentbrThis does not take away from the overall point of the video, and may be corrected later, but I wanted to clarify just in case
Comment from : Josh Martin

My discord profile picture is an image of the protagonist of my novel making a funny face It boasts all the benefits of an NFT profile picture and cost me nothing because I made it myself
Comment from : OsirisLord

Imagine losing $19,000 because you clicked on a picture
Comment from : Montana C

"diamond hands" vs "paper hands" bsigh/b
Comment from : Adam Scriven

Dan Olsen Cabbage NFTS!!! :D
Comment from : Adam Scriven

The bull's balls are polished?brJesus fucking Christ Of Course They Are
Comment from : Adam Scriven

ah, crushingly depressing distopian enlightenment, the best kind there is
Comment from : Mateus Auri

the fucking nftits comic pitch has me CRYINGGG
Comment from : luiysia

Is thay mothers basement i hear?
Comment from : Alex Jones

"thats foreshadowing for later" Gets me every time
Comment from : Blockchain Breakdown

1:48:55 brBars
Comment from : Jordan Mertz

"This is a cash flow" seems like the 2020's "We live in a society"
Comment from : Vazzaroth

The gun bit at the end was a joke that went on waaaaaay too long - OH I GET IT!!!
Comment from : Adam Legros

All those NFTs listen out, some of them seemed pretty cool The only problem though, is that they're NFTs I might be interested otherwise, oh well!!! Most of them were less interesting than my average day just randomly playing with my $20 Midjourney sub though
Comment from : Vazzaroth

love how the selling of some old grainy early 2000 photos somehow turns into "Artists can make money from this!" brbrArtists just like the toddler who had her picture taken in front of a burning house? Those sales are more akin to selling excavated artifacts (Plenty controversial IRL!), of the early internet, than selling purposefully made art
Comment from : Vazzaroth

We all know that Lilith came to Earth in the First Impact, destroying her Spear of Longines and beginning the cycle of humanity
Comment from : Richard Ellinghaus

I just heard about Cryptoland yesterday, the thing with the ugly coin that goes "sir, the Lambo is ready" "TO THE MOOOOOON" -- I've seen it described as libertarian seasteading -- and my god It would've been so entertaining to talk about that in this video I imagine it was thought of and has been cut, 'cause, you know, length of 2h18m22s
Comment from : DenkouNova

NFT is what happens when you max int and use wis as a dump stat
Comment from : Nick Easler

It's not a bug it's a feature
Comment from : Andy

Time of writing: 32 Ether is 130kbrTime of my posting this comment: 32 Ether is 50kbrImpressive returns Sorry to anyone who took out a loan
Comment from : Str1pe

1:11:03 That clip aged well He predicted that NFT's will be "incredibly more valuable" in 2/3 years than they were in 21/22 In reality, NFTs are now totally worthless Almost all of them have lost 99 of their value lol Crazy to think that some people genuinely believed that those awful monkey jpegs would make them rich
Comment from : signoguns

The shade slipped into all these videos is so subtle and so sharp goddamn
Comment from : oooCoffeeboyooo

Its rare that I can listen to someone talk for over two hours and actually be able to process what is being said Well done
Comment from : Kent Rush

Excellent video
Comment from : signoguns

1:07:46 is that big/little joel voice?
Comment from : Hassan

I feel so vindicated seeing nft's having failed as hard as they did
Comment from : JarvisBailey VA

At least the NFT community made decent forum avatar packs, deafults were always lacking Like who wants to be a soccer ball? Okay, maybe lots of people fine but are you really a soccer fan if your ball doesnt have sparkles, antlers, and the abu gharib background which is 1 of a kind? Also 1:00:50 this is basically describing dividend stocks But I'm a communist, so i mean, they're both scams
Comment from : Tom

55:18
Comment from : Aster

holy crap david cross
Comment from : Elvira

57:30 I love Hbomb
Comment from : kodye

I like to believe this video singlehandedly crashed the NFT market
Comment from : Guido Haverkort

Shout-out to my stepdad for fucking up and destroying his reputation and company by trying to turn it in to an nft scheme Dipshit
Comment from : Squid

Crypto bros are just real life Cruelty Squad characters
Comment from : LØVEACE

Apparently I commented "Dog?!" on this video a year ago but I don't remember ever watching it until nowbrbrI've never trusted NFTs or Crypto from the get-go, and frankly it feels great to be vindicated I've been seeing a lot of NFT spam bots on The Platform Formerly Known As Twitter recently though, and it's getting on my nerves I'm almost certain it's because of who's in charge of the site nowbrbrEDIT: I think I remember now I believe I commented that because Dan pronounced Doge as "Dog" the first time around
Comment from : Josh LZK

55:50 He forgot the bullet point that people who make fun of nfts have lost no money on nfts
Comment from : The Red Tower

I have never heard a better explanation for the Recession My compliments
Comment from : Alulim

1:15:16brgod damn it these crypto idiots stealing memes from 4chan brwell, everyone steals memes from 4chan, I don't know why I am surprised
Comment from : Amalvipls

Rewatching this, the last chapter goes so hard Incredible
Comment from : JustcallmeJayrot

Did you really have to put loud drumming as the transitions -_-
Comment from : Shaye C

The communist undertones make me cringe, but good video nonethelessbrTo everyone watching I still advice against taking everything at face value You would be a fool if you went around believing to suddendly be an expert just because you've watched a 2h long video
Comment from : Amalvipls

God this video has aged so well
Comment from : JustcallmeJayrot

I am looking at a Vitalik Buterin ad on this very video and that's very funny to me
Comment from : Malanorea

1:10:45 nice Bojack reference
Comment from : Kris A

This aged so well with NFTs crashing into the dirt
Comment from : Royal

So essentially, supporters of capitalism come in two flavours:brThe wealthy who stand to benefit from itbrAnd the mentally handicapped
Comment from : Aintnonemore nosiree

Around 2019 I'd learned about nft's How they were presented to me was very convincing in the fact it was never meant to crack the 1000 dollar mark! The person I'd learned it from compared to the "animation cel" trade You could buy an iconic cgi made scene from your favorite show or movie and hold it using the blockchain to have the cgi equivalent of an animation cel, and any one aware of how the trade works know only the most expensive cels go over the 1000 dollar mark The only exceptions being the most iconic and detailed cels (the most expensive going for $420,000 at auction in 1999 The cel in question being "Mickey Mouse's first color adventure") NFTs were never meant to be what it became As a lover of animation cels it's unfortunate that the "nft cgi cel" trade will never recover
Comment from : Kevin Hixson

I watched the ad and im no closer to understanding why its called a "juicero"
Comment from : Eldritch_Midnight

blockchain is a great concept of looking back the transaction history, like in product, well if you can't trust normal logging data, what's stopping them from giving false data to the history, it's just a trust me bro thing, with another middle person to make sounds confusing
Comment from : Edmund

and now theres AI for the cryptobros to scream out about another thing that he got right: as soon as the next bussword rounded the corner the rats left the sinking trashbin
Comment from : Irobert1115HD

watching this in 2024 just amazing
Comment from : The transfer Account

I changed my avatar on social media to a stock photo of a cabbage in honor of Dan being right about everything
Comment from : Levi Bee

I worked for a blockchain company for one year Never again And I cannot tell you how soothing this video is
Comment from : Gedalyah Reback

This aged very well given that the first example of cringe NFTs was Stoner Cats…brbr…and after the Masterson letters, Kunis is under INTENSE scrutiny for SC 😂
Comment from : Jen Sell

You know you can just say "cult" instead of "high control group" right? More people know what the former means than the latter
Comment from : fraudulentfem

totally agree about NFTs and the fact that the space has been a breeding ground for bad actors However your tone with respect to explaining BTC and ETH seems a little disingenuous considering both are up 1000's of over the dollar when you made the video and still to this day brbrThe truth is both have been some of the best performing assets over the last 10 years brbralso you seem to glance over the fact that yes banks handle dupe transactions fine already, that isn't the point its that governments can just print dollars on demand blockchain solves this yes there are tons of other issues, yes I agree with many points made, but you can't just walk past the fact that one of the major issues with every reserve currency ever created is the fact that they have always been fungible
Comment from : Bear Crimes

Be my boyfriend!! 🤗
Comment from : Colin Hardaway

When you’ve seen the video so many times u can recite it word for word
Comment from : Kaloofy

As someone whose seen it evolve I really like how you've made a full trilogy of documentaries with Line Goes Up, The Future is a Dead Mall, and This is Financial Advice
Comment from : Rupert3434

I know you’re Canadian,brAnd you’d probably never want it, but that’s exactly why we need … DAN FOR PRESIDENT!!!
Comment from : Amanda

Will all crypto-currencies inevitably crash? I still prefer using cash
Comment from : The Red Tower

Just watched this for the second time and honestly, it's just astonishingly, impossibly good Dan is the YouTube Generation's Ken Burns Honestly don't know how he does it, pure genius
Comment from : CDM

Wow, yhe best documentary on crypto I've seen and ive seen a lot of them
Comment from : Ben Parker

wow
Comment from : Dennis Chukwunta

55:26 I can kinda see the resemblance
Comment from : Dylan McNab

The fact this is a monetised video on the Youtube platform is quite funny, especially when we get to the part about being airdropped hundreds of thousands of dollars, because the ad money can just keep coming right?
Comment from : Jack Pink

and pop goes the bubble
Comment from : silly monke

"Imagine what it will be worth in five years " Didn't even take 3 to reach zero
Comment from : Tom H

Brilliant video minus one error: SilkRoad was almost instantly replaced by new markets like AlphaBay and Hansa Market and many others Some of the replacements individually far exceeded the volume of SR, and combined they dwarfed it They’re still doing brisker business than ever (Although my forays there ended many years ago)
Comment from : conzmoleman

I hope you are selling hoodies that look that good with a Folding Ideas image on it! Merch!!!
Comment from : Mike Websdale

1:47:13 That word would be 'AI' 😂
Comment from : RestoreSanity

I just noticed that Larry the cucumber got an ahegao mouth when the alpaca sign went up, can’t believe I’m still discovering fun edits like this years later
Comment from : a_speeder

1:06:53
Comment from : XII

The parallels between this and meme stocks are so apparent after watching This Is Financial Advice
Comment from : Hoagie 911

… In March of 2013, Attorney General Eric Holder responded to questioning from Republican Senator Chuck Grassley, who noted that there had been no criminal prosecutions of financial institutions or leading executives by the Obama administration In response, Holder stated, “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them, when we are hit with indications that if we do prosecute—if we do bring a criminal charge—it will have a negative impact on the national economy, perhaps even the world economy…”
Comment from : Tim Bo

Gotta give Overly Attached Girlfriend props for having the chops to mint the NFT (via a third party, but still), sell it, and immediately cash out and never touch any of it again
Comment from : Benjamin Nolan

Its funny how nft bros are ok stealing art from artists and cry salty tears if someone right click saves their nft, or steals them by scamming
Comment from : Old Time Games

The DAO thing at 2:10:00 was emblematic of almost all Crypto "Wow, I heard that with this, there can be some actual benefits for people? :)" "Hmm no, that was just a marketing example, not what we actually do :)"
Comment from : Taylor

kinda incredible how silly this all seemed at the time and even better how much more silly it seems now that they’ve become as relevant as wax cylinders
Comment from : john

Watching this video as someone who has zero interest in finance or crypto solely to better understand how my illicit onion transactions work
Comment from : Sylvia Sayed