Jonty WareingFeb 16

Five years ago I pointed out nearly all NFT's were going to break when the startup who minted them goes bust, causing people to get *extremely* mad at me until everyone concluded that I was correct.

Thought I'd check in on the two examples I used and well

Show threadJonty Wareing

"For these NFTs, we will continue to host this metadata in perpetuity"

"Please know that all NFTs minted on any MakersPlace contract will be safe and live on"

Mate, you didn't even manage to last five years. "Perpetuity" is quite a lot longer than your next VC round runway.

Feb 16 at 11:36amWeb
Show threadRoger BW 😷Feb 16
@jonty "That's a problem for the next guy who has this job, after I take the money and run."
Show threadgwireFeb 16
@jonty if there's one thing you can trust, it's that dead companies will continue to honour their assurances.
Show threadJamesFeb 16

@jonty All investors will have their assets gracefully transitioned to a unique DNS_PROBE_FINISHED_NXDOMAIN address.

To be fair to them, this does feel like art.
Even Banksy only managed one half-shredded piece.

Show threadNicroFeb 16
@jonty Reminds me of the companies, that promise to preserve your body/head until science figures out how to thaw living people. Those went the same way. 
Show threadRay McCarthyFeb 16
@Nicro @jonty
Maybe you might eventually be able to thaw carefully frozen living people (though a form of hibernation seems more likely for space voyages), but resuscitating dead people from just a head where the brain cells are destroyed by freezing is fantasy. Not even SF.
Show threadPasswordsarehard4Feb 16
@raymaccarthy @Nicro @jonty objection! fantasy is thawing yourself out after being blasted by a frost dragon. Dead people’s heads in jars is firmly in in SF as clearly depicted in Futurama.
Show threadRay McCarthyFeb 16
@passwordsarehard4 @Nicro @jonty
Also in "That Hideous Strength".
Can be SF or Fantasy, but not serious SF.
Show threadRay McCarthyFeb 16

@jonty Notarised contracts on acid free paper, vellum/parchment or even clay tablets.

I thought from the start that NFTs are an unsustainable scam.

Show threadToni AittoniemiFeb 16
@jonty ”Trust me, bro!”
Show threadZimmieFeb 16
@jonty They mean they’ll stick it in a printout, which they leave in the Perpetuity Wing at Lumon.
Show threadDJ-BauerFeb 16
@bob_zim
The question is if every NFT owner will get a waffle party.
@jonty
Show threadZimmieFeb 16
@dbauer @jonty No, they will not. They will instead be photographed for the Expression After Losing All Apes wall.