So much for “Lootboxes aren’t gambling because they have no cash value!” now that they have been converted into a financial instrument whose only worth and purpose is speculation for profit.

@ntrntzmb

2 жыл бұрын

even then I never thought gambling should be tied with real money to qualify as gambling. it's a blatant loophole.

@bilateralrope8643

2 жыл бұрын

Time to start poking the gambling authorities again. Lets see if they do something this time.

@Codamans

2 жыл бұрын

Thing about it is that statement has always meant its worse than gambling. You're giving your own money for absolutely nothing in return. I'd rather go to a casino

@PookaBot

2 жыл бұрын

That "no value" loophole is now gone

@HarumiRose

2 жыл бұрын

@@PookaBot They can just make a new one.

"You need to get in on NFTs now! They'll revolutionize everything!" "How?" "... you just don't get it. Have fun staying poor." - any conversation with an NFT shill

@donaldthompson4044

2 жыл бұрын

No cap. A guy called me dumb and I ask him to explain, and he said: "you just don't have the reasoning faculties to understand". These people are fucking delusional.

@missdiction4455

2 жыл бұрын

“If you can’t explain it simply, you don’t understand it well enough” -Einstein

@linuxstreamer8910

2 жыл бұрын

no you mean hfsp

@MerabuHalcyon

2 жыл бұрын

@@missdiction4455 The biggest of brains...such a champ.

@Duhya

2 жыл бұрын

Prolly just angry they couldnt get you to cash into the grift, so they can cashout.

To quote Rush Hour: "Imagine a business where people hand you money and you hand them back absolutely nothing. Now that's the real American dream."

@spejic1

2 жыл бұрын

Jimmy: "Welcome to the world of high finance." Beth: "I don't understand. All I did was sell someone something that I didn't even own in the first place that wasn't worth anything." Jimmy: "Like I said, welcome to the world of high finance." - Newsradio

@will_the_warlord8913

2 жыл бұрын

Yes

@frankwolftown

2 жыл бұрын

@@spejic1 I have to watch that show now. What episode is that?

@spejic1

2 жыл бұрын

@@frankwolftown Season 3 episode 9 "Stocks"

@frankwolftown

2 жыл бұрын

@@spejic1 Thanks!

In 1971 Grorge Lucas made his first feature: THX-1138. It's about a dystopian future where humans toil solely to maintain the system with no other purpose. Early in the movie the main character buys a plain white cube. We seem him carry it home and when he gets there he just drops it into a recycler. The cube served no actual purpose at all. It's only function was to be purchased. Consumed for the sake of consuming. NFTs seem to just be that. Only worse. Because at least rhe cube was an object that actually existed.

@wesleyackerman8211

2 жыл бұрын

I was thinking about this too, He even receives a message about which plain geometric object to buy, which he just blindly obeys.

@CarbonRollerCaco

2 жыл бұрын

@@wesleyackerman8211 At least he wasn't buying and recycling the cube totally of his own will. That would've been WORSE. Sadly, some probably were. And some most certainly are.

@CarbonRollerCaco

2 жыл бұрын

I'd say that politicos and corpos took it as inspiration, but it was likely their wet dream for eons.

So, there's one thing I wanted to say about this. If they insist that NFTs have value, they can no longer deny that lootboxes are gambling. If they insist that lootboxes are not gambling, they have to admit that NFTs have no value at all. They have willingly placed themselves in a Catch 22 situation.

@TealWolf26

2 жыл бұрын

They won't admit anything. Just sandwich more layers of hollow words, empty mechanics and money laundering until they confuse us into capitulation. But hypothetically a normal human being and not a lizard people, would agree with you.

@Barragur

2 жыл бұрын

Sadly, it doesn't matter. They'll just talk around that part, ignore it, pretend it's not there. Cause they have nobody to really answer to, and if they ignore it long enough, players will tire of bringing it up.

@SethlingtonStudiosCo2003

2 жыл бұрын

Well that's likely assuming that they are not brave or stupid enough to not take on the wrath of any big organisations like say museums, galleries, banks or perhaps most importantly governments. But knowing how low these so called "NFT bros" have gotten it honestly wouldn't be a surprise if they did indeed decide to fight these organisations only to have their asses handed to them.

@KairuUrayasan

2 жыл бұрын

You’re coming at this with logic though…we understand that, but these idiots will just belittle us.

@RockingStar1011

2 жыл бұрын

They'll just mumble away about how these are not lootboxes and can't be classed as such. I mean, look at the recent Ubisoft Quartz interview thing and how they literally twirled a "we value transparency" and "we considered HIDING the fact that Quartz is NFT, but our player base are smart people and would figure it out" in the SAME FRICKIN' ANSWER! Never underestimate their ability to shuffle things aside.

"NFTs aren't something that happened for us. They are something that happened to us". That is a quote that is gonna stand the test of time. That is a quote that deserves to go wide.

@482F

2 жыл бұрын

From a professional quote maker?

If you get really, REALLY lucky, your NFT lootbox will contain a receipt claiming that you now own a particular JPG image of some Dutch tulips.

@zensoredparagonbytes3985

2 жыл бұрын

As a reference to the world's first economy crash in the 17th century called the Dutch Tulip Mania? Very appropriate

@leitregjok2830

2 жыл бұрын

😏😏😏

@Seal0626

2 жыл бұрын

Underrated comment.

I've been thinking: Maybe there should be a website that lists NFT-including games now. Like a black list of games to avoid because there's NFTs in it. So that if someone hears of a new game coming out they can check that website, see that the game has NFTs, and be like "nope, I'm out". That seems like it would serve an important service in the gaming community.

@AnalyticalReckoner

2 жыл бұрын

Ironically, I think each game will advertise NFTs as the main selling point.

@christineherrmann205

2 жыл бұрын

Yup. Boycotting now.

@magnuscritikaleak5045

2 жыл бұрын

Boycott PUNISH GRAY Ravens Newest NFT events please.

Tiny point, but any time someone says some NFTs are "more rare than others" it really shows what a farce it all is. The whole purpose of NFTs, allegedly, is that they're *unique*. One of a kind. Every NFT should be just as "rare" as any other. But then that's the point, isn't it? It's all artificial scarcity. It's a brilliant pyramid scheme because the ones at the top of it don't even have to supply an actual fucking product. Even CutCo at least has to supply actual fucking knives

@skullsaintdead

2 жыл бұрын

That's a great point, not that we really need many more to prove the absurdity of the whole scam, but well spotted!

@BroadwayBrittany

2 жыл бұрын

Glad to see I’m not the only one who was trying to wrap my head around that contradiction!

@phoenixlich

2 жыл бұрын

is it meant to be taken like some NFT's have a "longer" blockchain than others? is that even a thing? this NFT is more rare because it destroyed THREE rainforests instead of just 1?

@Laezar1

2 жыл бұрын

@@phoenixlich Not it just mean they arbitrariily decide to release less of a thing they can produce an infinity of to create artificial scarciity.

@BlindErephon

2 жыл бұрын

The point is to recreate a class system imo, because what every tech bro and would be crypto baron would have is ideally a bunch of peeps to lord this shit over. You ain't shit as a nob if you don't have a peasant class to lord over and oppress. "What's the point of being rich if some people aren't poor?" kind of thinking.

Ah yes this makes sense! At this point the name "video game company" has lost all meaning, let's just call them "grifters who don't pay taxes". Thank you for another stellar video Steph 🌟

@heedseeker6155

2 жыл бұрын

@good one no, literally no one did. Stop

@Lobsterwithinternet

2 жыл бұрын

Or we can call them what they actually are: Investment Firms.

@the_newt_nest

2 жыл бұрын

Yeah, I think with Ubisoft and Square's announcements, the game seems to be making as little of a game as possible. Players being entertained by products seems to have diminishing returns to them, especially given the cost of game development for an "AAA" studio, so they want something absolutely ephemeral that costs very little to produce but has absolutely infinite return and can be kept in their grip via smart contracts. It's very much money for nothing.

@blede8649

2 жыл бұрын

That's too broad, you just described every major corporation. A better one is "video game adjacent grifters who don't pay taxes".

@Feralzen

2 жыл бұрын

@@the_newt_nest and their chicks for free...

Fun fact: in Dutch, the abbreviation"GFT" stands for "groenten-fruit-en-tuinafval" ("vegetable, fruit, and gardening waste). We use the term for biodegradable waste. So Atari's GFT's re *literally* garbage

@Zarien_DiV

Жыл бұрын

i googled this to see if it was legit, and so it seems it is. 👍

Capitalists: “An unregulated marketplace is the only way for the good concepts and ideas to rise to the top! The money is always right.” (Customers violently reject NFTs and crypto) Also Capitalists: “The customer is an idiot and has no idea what they actually want. I tell you what to buy and when to buy it, not the other way around…….ITS ON THE BLOCK C H A I N. You all just don’t get it.”

@generalerica4123

2 жыл бұрын

If I could openly say what I want to do with the chain part of the block chain, you’d be reporting this comment for promoting violence and self harm.

@rolfmeurink5373

2 жыл бұрын

That's actually the original meaning of "the customer is always right", but as happens with language, its meaning changed over time.

@Lol-ms2ke

2 жыл бұрын

If customers reject NFTs, then the companies promoting their implementation will eventually have the walk it back and not include them anymore. If people refuse to buy games that incorporate NFTs or to buy the NFTs in the games, then companies would eventually stop implementing them because it would be a waste of time and would sour customers away from their product. Us rallying against NFTs in video games is literally the unregulated market working. It doesn't mean you get your way all at once.

@Jamick98Geass

2 жыл бұрын

@@Lol-ms2ke You seem to have this fantastic idea that corporations give a shit about what their customers actually want. Maximizing unsustainable profitability while putting the least amount of effort into producing something is the only goal of corporate America. They want to tell you what to buy, when to buy, and how often you need to buy it, and they want to ultimately convince you that it was your idea in the first place. Games are implementing NFTs because publisher’s and developers are attempting to normalize them for the customer. If they use enough buzzwords and say “innovation” and “on the da block chain” enough times some gullible people will take eventual take the bait. NFTs as they stand have little to no regulation, and so every person and company is trying to make a quick buck via a pump and dump scam before our sleeping retirement home of Internet illiterate geezers who make the laws (AKA the senate/congress) actually wake up and do something about them. (They could barely understand what the fuck Facebook was, so we’re 100% screwed on that front tbh). Just because a few devs on Twitter are walking back on NFTs now, they are turning around and calling us idiots who “don’t get it” yet. They might be gone today, but until they get regulated they will absolutely be back in some way shape or form. It’s not a matter of if, it’s when and in what form. So no, the unregulated marketplace that allows companies to legally sell hyperlinks to what are essentially digital baseball cards of ugly monkeys and stolen art is not, and will never be working for and towards your benefit. I’m sorry to be the one to tell you this.

@fuel8555

2 жыл бұрын

@@Jamick98Geass Talking about regulations, I'm curious about what the regulations should be(& banning it is just a bad idea)

in 2018, Devolver Digital had a whole fucking E3 press conference where they jokingly introduced Loot Box Coin. Atari really looked at that and took it completely seriously.

@Wastingsometimehere

2 жыл бұрын

Think about how much has become parody to reality over the last fifteen years. I feel for people of a different age who thinks any of this was ever normal.

@jassykat

2 жыл бұрын

don't open the link. it's spam.

@Rubberman202

2 жыл бұрын

When reality starts to mimic parody...

@heedseeker6155

2 жыл бұрын

@good one FOH

@LLemon_Pepper

2 жыл бұрын

Devolver also just went public. We'll see if their much loved irreverent style continues over the long term.

NFT Lootboxes: "Whoa! This is worthless!" "It's less than worthless, my boy!"

@marocat4749

2 жыл бұрын

You too get antari grifts

@leohex8767

2 жыл бұрын

MAKE THAT MEME! NOW!!!!!!!!!!!!!!!!!!

@contracide

2 жыл бұрын

NFTs : it's free real estate

@LuvzToLol21

2 жыл бұрын

I actually think Ubisoft Quartz may be the most straightforward NFT system out there. The NFTs are actual useable in-game items and you can trade them in a marketplace. As long as you don't think about it too hard and realize that's just Steam Marketplace with blockchains.

@contracide

2 жыл бұрын

@@LuvzToLol21 right so to what end? It's still pointless. Once a game runs its course the NFT is basically worth nothing. The only thing I see them using NFT tech is basically a CD key to play a game. More pay walls that are online only.

We need anti-crypto legislation god I'm so sick of the scams everywhere.

@JaniHorvat1

2 жыл бұрын

@Hatwox sooner will we get a law enforced and change things than people collectively becoming smarter.

@KaiserMattTygore927

2 жыл бұрын

This.

@fuel8555

2 жыл бұрын

sure how could people dare to own their money? let's ban it!

@stingerjohnny9951

2 жыл бұрын

@@fuel8555 …im sorry, what?

@Roxor128

Жыл бұрын

I want a crypto tax. $1M per year per NFT that you own, with no minimum period, so even if they only held it for a millisecond they still owe the tax office $1M.

Huh, small world. I was hired by Janine Yorio years ago to help market some start up. She wanted me to create a Wikipedia article about the company and was disappointed to find out that Wiki kept taking it down for lack of significance. So uh, yeah. I guess this kind of thing isn't new to her?

You know, when I said the game industry couldn't get any worse after everything that came out about Activision, I did not mean it to be taken as a challenge.

@lamia197

2 жыл бұрын

You expected it was the rock bottom, only to find out it was the top of Everest and we have a long way to go. And its all down.

@Nightmster

2 жыл бұрын

That was pretty much my first reaction too when reading about those NFT Lootboxes. Whenever you think it doesn't go any lower, someone like Konami, Activision or whoever comes out and knocks the bar just a bit lower than it was already set.

@OtakuboyT

2 жыл бұрын

@peace Stop Spamming

@heedseeker6155

2 жыл бұрын

@peace FOH

@zanec14

2 жыл бұрын

Holy shit, just realised this as well.

Since those GFTS are only revealed after some time, you could say it's an unholy marriage between 3 bad concepts: NFTs, Loot Boxes and Preorders.

@LoveProWrestling

2 жыл бұрын

and preeeeemium editions

@dylanschmidt9056

2 жыл бұрын

How long before these companies offer the option to pay money to reveal them sooner?

@doubledouble4g379

2 жыл бұрын

@@dylanschmidt9056 6 months? Imma bet 6 months.

"So why do you buy Crypto?" "It's free money!" "Where does it come from? Do they have a product?" "Nah, man, you don't get it. It goes up in value!" "How? Does the thing you invest in sell anything?" "Y'all don't get it. You're missing out" - A LITERAL conversation I had with a coworker.

The way JSS says "fuckin' shiiiiit" puts a smile on my face every time.

So Steph. With NFTs in Lootboxes. There is Now even more reason to legislate them as gambling as you get a prize with a history of being traded for hard money.

@lamia197

2 жыл бұрын

@@chewcab8008 can be bought by companies ? no,no,no is bought up by companies.

@marocat4749

2 жыл бұрын

But it is not even a currency. As much as you ecen you can repeat it, not even a terrible crypoto variant

@Odima16

2 жыл бұрын

@@chewcab8008 This is why we need to establish a public election fund that's only available to those who swear off lobbyist money. It will provide an alternative for candidates to fund their campaigns without having to do whatever the top 1% wants them to do. A voucher system (meaning that the fund just multiplies small donations to a campaign by individuals) would be ideal, because candidates would still have to listen to their potential voters in order to get money from the fund.

@sonicpsycho13

2 жыл бұрын

Digital content already has a history of being traded for real money, and not just the straight forward way of I give money, I get content. Diablo 3 had its infamous real money auction house. Loot hunting and resource mining in WoW have been actual jobs.

@akmal94ibrahim

2 жыл бұрын

@@Odima16 Yep. Basically what Bernie Sanders advocated for

The new video on NFTs from Folding Ideas is a must-watch. Its loooong, but it is so good at explaining what you need to know about NFTs.

@darksidegryphon5393

2 жыл бұрын

I second that.

@eekiehd

2 жыл бұрын

Totally agree! It is such a great watch!

@Guitar-Dog

2 жыл бұрын

So what do I need to know about them? It just seems like a scam to to put up the price of 'art'

@jamez6398

2 жыл бұрын

It really shows how complicated and dystopian it all is and how deep the rabbit hole really is...

@Gloomdrake

2 жыл бұрын

His Flat Earth video is really good also

Given Atari's general incompetence, I am utterly surprised that their website's autocorrect didn't change "GFT" to "GRIFT". Which would be far more accurate.

@rolfmeurink5373

2 жыл бұрын

In my language, that acronym stands for "vegetable, fruit and garden waste"

“The more you buy the more there are” Capitalism has apparently given up on capitalism. Increased demand now creates increased supply, out of thin fucking air. The dragon is eating its own tail.

@Feasco

2 жыл бұрын

that's actually the end goal of capitalism: take your money, give nothing but the idea of owning something

@fuel8555

2 жыл бұрын

@@Feasco Nope, that's the end goal of communism

In the Star Trek utopian future, they have figured out how to bring the lack of scarcity inherent to digital goods to the real world. NFTs are an attempt to bring the scarcity of the real world into the limitless copying world of digital abstraction... Literally aiming for the opposite of the utopian version of the future...

Hey, so, minor point. They need to be "unwrapped" at a later date. So when you buy nothing, you're not even sure what nothing you have or how rare that nothing is until the later date when it "unwraps." So as a good friend of mine put it, it's also a pre-order!

@Smileyrat

2 жыл бұрын

Well thanks for that horrid thought. Cheers! 🤢

@vienlacrose

2 жыл бұрын

Jesus christ, how horrifying.

"The more people buy the more that become available" that is literally the opposite of the idea of scarcity which is what the entirety of what the economy of NFTs are based on. Goddess damn this just all keeps getting dumber.

If you are still unclear on the concept on NFTs or if they are evil, I recommend the epic 2 hour from Folding Ideas.

@Feasco

2 жыл бұрын

don't forget to mention it's called Line Go Up: The Problem With NFTs

”GFTs are like Hallmark Cards for the next generation,” yeah if every Hallmark Card contained a torn up 100 dollar bill covered in shit.

@Gloomdrake

2 жыл бұрын

Also that bill is a monopoly bill, because, realistically, most NFTs will never be resold

@heedseeker6155

2 жыл бұрын

@good one FOH

@OmegaSoypreme

2 жыл бұрын

Besides which, who the fuck cares about hallmark cards specifically these days? That comparison just screams "out of touch".

@ddjsoyenby

2 жыл бұрын

sh1t is more valuable to them.

@Josep_Hernandez_Lujan

2 жыл бұрын

A shit covered torn up 100 dollar bill is still worth 100 dollar

The obsession to push NFTs as an acceptable grift is so relentless, there hasn't been a Jimquisition yet about Troy Baker promoting horrible horrible AI-generated vocal NFTs, not only scamming voice actors, including Troy himself, but also give creeps and stalkers the opportunity to make certain voices say things the actors would never do and without their knowledge or consent.

@reyag5811

2 жыл бұрын

i dont want to get all tin foil hatty or anything but it makes me wonder what the final aim of nfts are, the 1-5% are pushing them hard for a reason that i dont think has been fully revealed or explored yet

@Rainquack

2 жыл бұрын

@@reyag5811 ETH is crashing a bit, so they need to force some new people/money into the system for everything to work, otherwise they're constantly hemorrhaging cash. (If I interpreted things that I saw correctly. I'm so confused about all of this like most people.)

@reyag5811

2 жыл бұрын

@@Rainquack so basically they're just looking for more kindling to add to the fire, how disgusting

@Rainquack

2 жыл бұрын

@@reyag5811 Yeah, without some sort of demand there isn't a market, but there's also not really a physical product besides just 'virtual asset for financial speculation, possibly highly fluctuating/volatile in value' - and at least I'm not at all interested in that, along with the majority of people, and *especially* us people interested in video games, it seems - so they're really trying hard to somehow get some people into it.

@Foxhood

2 жыл бұрын

​@@reyag5811 Oh. That is just the "crypto-lords" (part of the "5%") trying to make more money. They are the ones responsible for most of this mania. Things like some meme image getting bought for 400k worth of eth? investigators often traced them back to one of these lords with massive holdings with a stake in the tech. The NFTs being naught but tools to manipulate the market for them. They buy, media gobbles up and screams about it, values get driven up, profit!! All the while the "bros" help them in a desperate bid to become lords too. Like many things in the end it is "just" another case of the rich getting richer off the poor.

I literally got into an argument with a guy that said NFTs were going to bring down capitalism and the 1%.

@Feasco

2 жыл бұрын

I mean don't threaten us with a good time but fukn lol at that ever happening

@Starry2000

2 жыл бұрын

NFTs are.. pokemon cards but even crappier and with no physical card :(

Here comes the big companies coming in the give NFT a bad rep... smh

@Webshooters1

2 жыл бұрын

NFTs didn't need help in that department but they certainly aren't helping.

@MrPiotrV

2 жыл бұрын

They already had a "bad rep". Do you really think these companies would be doing this if NFTs weren't already a scammy get rich quick scheme? :)

@ayoerk

2 жыл бұрын

@@Webshooters1 Haha, I feel you.

"It's just cosmetic!!" The catch phrase of idiots who threw their money at digital nothingness... We need to be careful and not just assume these will fail because NFT's are fucking stupid..

@lineriderrulz

2 жыл бұрын

@good one hello, I'm curious, and would like to ask respectfully: what are your views about homosexual, bisexual and other non-heterosexual orientations? What about transgender people?

@Zift_Ylrhavic_Resfear

2 жыл бұрын

@good one I have two questions : Is it possible for somebody to go to heaven if they refuse to worship Allah? If not, then isn't Allah just telling us "worship me or i torture you"?

@randomstuff-qu7sh

2 жыл бұрын

NFTs are riding a wave of FOMO right now, creating higher than normal demand and higher than normal perception of value. I'm afraid a lot of ordinary people will invest heavily in this, only to lose their shirts when the bubble bursts. The rich will be fine since they can afford the losses...and heck, they'll probably still line up for their government bailouts. Seems only the ordinary folk suffer when bubble markets pop.

@RobotMasterSplash

2 жыл бұрын

@@lineriderrulz Don't talk to bots.

Please correct me if I'm wrong, but wasn't one of the things being pushed about NFTs is that they have "real world value"? If this is the case, then adding percentage chances to the purchase, or in legal terms adding a "game of chance, with real world value rewards" to the process, is gamling in most part of the world. And I mean pre-lootbox gambling laws.

@Barlakopofai

2 жыл бұрын

NFTs will get nuked into oblivion by legislators long before they get to the specifics of NFT lootboxes.

@marocat4749

2 жыл бұрын

It isnt. Its not evena not secure a terrible formofa alread, terribly crypto currency,

@zid9611

2 жыл бұрын

Yes you can't legally fight for both of these things as the same time. Just a matter of time till anything with them in it gets nuked.

@ReikuYin

2 жыл бұрын

@@zid9611 And that is why it's being pushed so hard. Grab as much cash as possible before the heat comes down then book it with the winnings.

'NFT's are the future!' 'You're literally shilling three mid levels marketing schemes in a trench coat!'

This video makes me fondly remember and miss the "Suprise Mechanic" character Steph made. That character was fucking hilarious. But the fact they're not around is kinda good news for the industry. So i can't be too upset XD

My grandkids will be "you burned the planet for WHAT??" We are making boomers look good.

@freddogrosso9835

2 жыл бұрын

Oh, damn. I think you're right.

@Barlakopofai

2 жыл бұрын

Bold of you to assume NFTs aren't out of touch boomers. After all, the only way you get in on the grift without being a trust fund baby is being one of the idiots who fell for bitcoin and ethereum back in the day.

@dylanm8365

2 жыл бұрын

remember kids: it's not generations we need to get mad at, it's the upper class

@Midg-td3ty

2 жыл бұрын

@@Barlakopofai You mean one of the millionaire and billionaire idiots that fell for it ? Making Millions of percent profits and now have so much money that they can drop 100,000 Dollar on some picture because a Lambo just doesnt cut it anymore ? Yeah would suck to be one of those idiots for sure.

@Marksman3434

2 жыл бұрын

To be fair, the corporate jackasses pushing NFTs into video games are probably boomers and Gen Xers

Folding Ideas has an incredibly in depth rebuttal to NFTs on his channel. Stephanie has once again determined the most egregious bullshit of the week, and has wrote all that's fit to print on it. Great video.

@fast1nakus

2 жыл бұрын

Almost every video of his is a fucking masterpiece the man has a gift

@SarynRanvier

2 жыл бұрын

yesh, it's amazing how much thought he puts into his videos

@dragon1130

2 жыл бұрын

It's really amazing how many ideas have be Folded into The Folding Idea's channel.

NFT Lootboxes?! That's even worse!!

"Shit some crap out of her mouth" incapacitated me for about 20 minutes, as I was trapped on the floor, wheezing with laughter and praying that I could somehow take in enough oxygen to prevent any possible brain damage.

"nft was the collins word of the year and that's why you should buy one" ok but when i tried this eight years ago they were all like "you can't buy a geek wtf" and "this court finds you guilty on the charge of human trafficking"

The sheer frustration on "None of them are RARE, NONE OF THEM ARE FUCKING REAL!" speaks to me on a personal level. Great video as always Steph.

Remember, bullying NFT shills is a moral imperative

With how hard people shill these bloody things, makes me wonder how normal all of this is. Not NFTs, but manipulating the market into making the public thinking something is better than it actually is. Imagine how tactics like these would work if it was only half as bad. How many things sell only because rich people say you need it? I'm looking at you Apple.

@DiamondAppendixVODs

2 жыл бұрын

scams have always been a thing, sadly. nfts are the scam apotheosis

@jeremypatrick5678

2 жыл бұрын

Extremely normal. There is truly no new thing under the sun. The tulip bubble is one of the first well documented cases, but I wouldn't bet against some grifter in ancient Egypt flogging limited edition commemorative pyramid models.

@Starry2000

2 жыл бұрын

What is driving this is a much, much worse than usual need for money(desperation) and people willing to grab and clutch at anything right now. Put that together with ignorance and mental illness run rampant, and you will find that this is not normal but way out of line. Our economy and society is in a deep, protracted decline and Crypto, NFTs, etc are symptoms of that. There are other symptoms, cough * qanon * cough * that are signaling a literal collapse of civilization. We are watching history in the making right now. This is what it looks like.

@abro14

2 жыл бұрын

@@Starry2000 It's exciting! It's not every day you get to see a nation too big to fail scramble at anything and everything but still won't get the rich to contribute their fair share.

Some of us consider artificial scarcity just generally a counterproductive thing to push. For the NFT crowd, though, artificial scarcity is now not only acceptable, it's actually a *selling point.* I guess it makes the whole concept of property a little bit more blatant: it's not about having a thing, or being able to enjoy a thing, it's about preventing other people from being able to have or enjoy a thing. The two sides aren't as distinct when the thing in question is limited, but I was naive enough to assume that for non-limited things everyone would think "great, now we can all have it" instead of "so now let's invent a way to artificially limit the supply so only some of us can have it." Because inequality is the product being sold.

@hayuseen6683

2 жыл бұрын

Economics and classism just can't seem to be split from each other...

@marimorg7377

2 жыл бұрын

Artificial scarcity implies something that could be made wasn't made for the sole purpose of driving up the price.... How does an NFT create artificial scarcity? NFTS don't create scarcity they create ideas of ownership, however is in a conflicting predicament where Cryptos want to simultaneously be free of government control however have government enforce their sense of ownership. The code isn't creating scarcity it's creating something to own period. You can't have scarcity if nothing was made. The code is unique not scarce... Like each dollar bill is unique with its own serial number... Can be traced. What NFTS are creating is something that u can own... Which is bizarre considering this thing that u own only exists on the web, but coin desperately needs assets to exist to justify their own existence. Hence why NFTS are even a "thing". Use ur digital money to buy your digital property, something that only exists as long as the web exists. melaniatrump.com/head-of-state

@violetsparkles5453

2 жыл бұрын

Good take. It was never about sharing.

@UncleJemima

2 жыл бұрын

Artificial scarcity isn't just *a* selling point, it's *the* selling point.

@JewTube001

2 жыл бұрын

artificial scarcity has always been a selling point. businesses have been limiting supplies of things to keep prices high since forever.

you know, i was losing all hope but then i heard "the future is sterling" and suddenly my optimism was revived

@rainbowkrampus

2 жыл бұрын

(queue the gold and precious metals bros)

thank you for interrupting my existential dread crying with some laugh-crying at the way you pronounce 'GFT' - love you

Remember, it could always be worse! It could be a mix between Loot Boxes, NFTs and Bubonic Plague!

I feel sick. Good to know Atari has come full circle as a company in 50 years. From destroying the industry in the 80's to ruining the industry in the 2020's.

The very first thought I had when I heard of NFTs is “Oh they’re definitely putting those in a loot box.” I hate when the glass really is half-empty.

@catsquidcatoverlord9842

2 жыл бұрын

The glass has a hole in the bottom of it.

@shytendeakatamanoir9740

2 жыл бұрын

The glass is twice too big, because half the content is in a (dozens of) NFT loot boxes somewhere. Maybe it's quality beer, maybe it's orange juice, maybe it's piss.

I highly recommend watching "The Problem with NFTs, Line Goes Up" video by Folding Ideas. It's basically a 2+ hour KZread documentary that masterfully explains Blockchains, Cryptocurrency and NFTs and why they are all terrible and why we really should be wary of what they are pushing on us. I really didn't understand the subject before that video and i highly recommend watching it.

I cant put my finger on why, but JS Sterling's content is way more fun this year in my opinion

What's worse than a lootbox? A lootbox you don't even actually own.

@Playingwith3D

2 жыл бұрын

we already don't own the games we buy. Try playing a game w/o an internet connection.

@D0MiN0ChAn

2 жыл бұрын

But do we even own the stuff that we get from lootboxes? After all, if a game company decides to pull a game from the market and no longer provide "live services", what do you do with all the things you spend your money on if you can no longer access said game by itself?

@neoqwerty

2 жыл бұрын

@@D0MiN0ChAn At least with the lootbox, you don't own an URL saying you own the lootbox. Theoretically your install of the game will still hold the extra unlock data you downloaded. (Note i said "theoretically".)

@ElvenSonic

2 жыл бұрын

@@Playingwith3D ?? Ok? Done. Did it. Played every non-multiplayer game in my steam library just fine while not connected to the internet. Same with my switch, and my playstation. not sure what this point was about lol tbf the always online drm grift is real. it just hasn’t hit yet with games that aren’t online multiplayer only

@ElvenSonic

2 жыл бұрын

in fact, if i have my steam profile online on my pc and offline on my other laptop, both can play games from my library at the same time. crazy

I was reading an interesting article about the Kola Superdeep Borehole, apparently it's a staggering 7.619 miles deep almost touching the mantle layer of our earth. And yet, it's got nothing on how low NFT Lootboxes go.

@juancarlosnegron2358

2 жыл бұрын

If you believe such a thing. As a mantle or a core.

@ArmelOenn

2 жыл бұрын

​@@juancarlosnegron2358 "Such thing"? As in: "the earth can't have a core or a mantle because it is flat"? I just want to be sure I am understanding your comment.

Lmao I love the use of the mime clip when describing Konami. Almost spit out my drink.

"Nevertheless, it's somewhat fitting that the company responsible for the notorious video game market crash of the 1980s is now leading the charge in such a ruinous, poisonous blight on the modern market." Time really is a flat circle, huh?

this is why custom character creation will go extinct. They cant risk someone copying their cosmetic NFTs.

@rolfs2165

2 жыл бұрын

Star Atlas even goes a step further and makes *your name* an NFT that you need to bid for against other players.

@yoshikhurazi1769

2 жыл бұрын

@peace Stop spamming

@Mernom

2 жыл бұрын

@@yoshikhurazi1769 spam bot, report and move on

@marocat4749

2 жыл бұрын

@@rolfs2165 stephanie alreadybecame an nft. Without consent.

@tobiwonkanogy2975

2 жыл бұрын

maybe the opposite will happen , you will make a character and for anyone who wants that , you could mint copies and get paid directly . or be there only one copy , that could be transferred instead of sitting in a inventory somewhere.

Atari played a part in crashing the entire game industry once before, we can only hope this is an attempt at a repeat

@neoqwerty

2 жыл бұрын

When I'm cheering for the industry to crash and burn again so someone can dust themselves off and go "okay, let's singlehandedly revive this with actually good shit again". I'm kind of hoping for Playtronic or NIS or Inti-Creates to pull that off.

I cant blame people for pirating games from these large companies. Between Micro transaction abuses and sexual abuses there is no way I could justify giving money to many of these corporations. If gaming dies it will not be due to lack of demand but due to lack of respect. A lack of respect for the art, a lack of respect for the customer and a lack of respect for the hard working staff at these companies.

“They’re this generations Hallmark cards” We all know how we feel about Hallmark holidays - at least you can show off a greeting card, and a gift card is worth something to someone

@zid9611

2 жыл бұрын

Ya and 10 mins after 99% of them are thrown away. There disposable with no real value... sounds like NFT 😏

@ForrestFox626

2 жыл бұрын

@@zid9611 You ain't been in my Nana's house

@ForrestFox626

2 жыл бұрын

@@zid9611 You ain't been in my Nana's house

Atari really dragged themselves outta whatever corpse pit they've been in just to announce this garbage. Fucking hell.

@GhengisJohn

2 жыл бұрын

I knew we shouldn't have buried them in that cursed Mi'kmaq burial ground behind the pet cemetery.

Last time I was this early, Konami still was a respectable gaming company. Also: "The PanGalactic Princesque of Pansexual Pandemonium" is a fucking brilliant title! :D

@Se7en2107

2 жыл бұрын

That must've been an extremely long time ago. Are you an ancient immortal?

@RedSpade37

2 жыл бұрын

@@Se7en2107 Dunno about the other person, but I'm just old enough to remember when Symphony of the Night came out, and that was... 1996? 98? What I am trying to say is that you are correct, haha

I mean, this development is completely logical. NFT:s and lootboxes are made for eachother. They are a "match made in hell" if you so will. A fundamental problem with information in the form of 1:s and 0:s is that they are intangible; they have no identity and there are no limits to how many times you can copy and distribute them. It is thus difficult to introduce proper supply and demand as you would with tangible items in the real world. But by using NFT:s as a platform to give a virtual item an "identity" outside of a specific game, you CAN have actual scarcity. For example, instead of there being 0.5% chance of getting Lukes Lightsabre in a loot box, there can now be exactly 10 of them, because they only issued 10 NFT:s of this type. Thus they'll have rarity, exclusivity and they'll be "valuable" as a trade commodity. This means that they can whip up people into a spending frenezy. _"Uh oh! Better get them lootboxes before they're all gone!!"_ or _"Next month they'll release 5 more Lightsabres! Better save up money because I really want one!!"_ And this is why the executives and investors will get a raging hard on when you mention NFT:s. They were always made to be put into lootboxes.

Oh Commander Sterling, your glorious presence made this shitty day feel better. Curiosity may be lethal but my satisfaction hearing your laugh definitely brought me back. But seriously, if loot boxes now contain something that is technically currency, whelp, that'd be gambling. I am hoping this crashes down on their heads like a mountain.

Yes, they did it again. They have created another abomination through the most unholy union(to date)

This was sad but informative, thank you Sterling, hope things get better.

@heedseeker6155

2 жыл бұрын

@peace FOH

@ince55ant

2 жыл бұрын

@@heedseeker6155 you have displeased the will of allah. pray on you're quick temper and for patients in the future

"There are some corners of the universe which have bred the most terrible things. Things which act against everything we believe in. They must be fought." -Everyone reacting to the announcement of NFT Loot Boxes

God, the wrestling promo at the end is just amazing and gold. I need 100% more of that.

As others have no doubt already drawn the comparison to that legendary Devolver Digital E3 show, all this just goes to continuously confirm that the videogame industry is utterly beyond parody.

@AnalyticalReckoner

2 жыл бұрын

How do you joke about giant mega-corps using psychology to trick people into buying temporary goods with little use?

These companies are literally racing each other to the bottom. Ive come to just assume anything involving NFTs and anything with the word 'meta' in it is a scam.

@FireMage9958

2 жыл бұрын

Maybe you should actually do your own research…

@miniclip1162

2 жыл бұрын

@@FireMage9958 they did, and now has to assume anything meta is a scam because of the sheer volume of bullshit they had to sift through related to that.

@concon09090

2 жыл бұрын

@@FireMage9958 literally everything to do with NFTs and the Metaverse has turned out to be a scam. Any amount of research will back that up.

@concon09090

2 жыл бұрын

How dare you, do your own research. Metapod is a good boy and would never scam me into buying cryptocurrency

@miniclip1162

2 жыл бұрын

@@concon09090 damn it. You are correct.

Hello Jim Sterling Thank you for an informative video.

I like how Jim Stephanie Sterling is a sort of real life antihero, while Commander Sterling is a glorious villain :)

At this point it feels like the game industry is trying to keep finding ways to just parody itself. It is just absolutely mindboggling how it's come to this

@kx7500

2 жыл бұрын

Capitalism

Remember that Devolver Digital E3 video where they had "LootBoxCoin"? That was satire at the time, but they were fucking on POINT with that.

I'm over here, quietly hoping this will utterly blow up in their face with regulation not only swooping in against NFTs but also going hard against lootboxes because of the increased interest. One can hope.

@Starry2000

2 жыл бұрын

The fact that nothing really happened to loot boxes all this time makes me realize nothing ever will, and it is a sign of the end of society as we know it. NFTs are a second degree burn following the lootboxes, and it will get worse, without anything happening. It is other things too. It's a mental illness, and a craven grab for money anyway possible due to strife right now. What will stop it is the end of our economy and/or the age of society as we know it, that 'reset' that pretty much EVERYBODY is feeling coming on. We are running towards it.

@sertaki

2 жыл бұрын

@@Starry2000 I think that with NFTs, they really got too greedy and people realized they are being sold shit. It was a step too far, and maybe folks will now also turn on lootboxes.

14:47 - welp, that clears up some questions we never asked...

In these awful times, at least Commander Sterling brings me joy.

This is such a cathartic chaser to Dan Olson's "Line Goes Up" NFT video

I've never heard of NFTs until this moment and curse you for informing me of their existence

love you jim sterling, never stop doing what you do

Where I live, a "GFT container" is a trashbin for your Vegetables(Groente), Fruit and Garden(Tuin) waste. I just can't help but think about trashbins when I hear GFT. So far they sound pretty similar in use.

For some unknown reason, I had hoped that NFTs and lootboxes would not end up together. I really should have known better than to ever expect anything good from the game industry.

Love the timing of Harold Hill in the background.

Just want to say, with respect. Your hair and outfit and everything in this video was great! Forgive me if I am overstepping, but you looked very cute in this video. I've been petrified for a long time to express myself like this, and watching you encourages and inspires me. Yeah yeah, I know that's not why you do this and it's not why I follow your channel and watch your vids. It's just like an extra bonus. I wish I hadn't immediately spent half an hour vomiting after hearing you say .... NF- oh oh god I can't even type it... I feel sick again. I gtg...

@AnalyticalReckoner

2 жыл бұрын

Is complimenting people a no-no these days?

This is kinda genius: they now can skip the part of making, marketing and selling a game and jump straight to selling loot boxes... suckers will suck and these "GFTs" will be sold out (if not already happened)

@noonenowhere877

2 жыл бұрын

@Kristijan Antolovic It's more madness than genius they'd earn equivalent money just selling an actual working product. These schemes hemorrage as much or more money than they earn. The reason companies gravitate towards these sorts of schemes is that once you reach peak engagement the only way to earn more money is to start firing people or charging more for less. What they fail to realise though is that charging more for less will lose them customers therefore they are not actually earning any more money so much as they are changing what kind of people give them the money. Every "whale" has a measurable peak because people do not have infinite income this is espeacially true when you factor in that only a certain tiny percentage of the population will actually go out of their way to collect absolutely everything. The simple truth is that this stuff is just a placebo they believe they are gaming the system and learning to control the user but their income can only ever be linked to the whims of their customers and the desirability of their product. It's just that there is enough room within the parasitic tactics these companies use that the executives are as slowly boiled as the customer. There's no world in which a stable income is not more preferable than unsustainable growth. But because these executives are addicted to growth and only growth. They can't see that. Frankly they are bigger addicts than those they exploit. Admiring them is foolish, they should be pitied, they are men and women who hold no integrity of their own and cannot create only destroy. Their only "good" quality is the amount of power their wealth affords them but it's a poisoned chalice that comes at the cost of their humanity. They would sell their entire family and their own organs just for the thrill of earning more money they'll likely never spend. Sure they probably believe they'd only throw the peons under the bus. But the sad truth is they aren't that sane or that human. Basically don't admire them, they're a genetic dead end and they'll likely be responsible for our extinction and down the line theirs.

@Ramsey276one

2 жыл бұрын

Making more if so! XD

@penedrador

2 жыл бұрын

@@noonenowhere877 never said I admired them ;) 100% agree, in corpo world the growth is planned to be infinite, but this is impossible..

@yurisei6732

2 жыл бұрын

To be fair, this has been done before - card game booster packs have been used to sell pure artwork cards with no game attached. However, because there are no expectations of uniqueness, the artworks don't need to be randomly generated bullshit, they can actually be worth having.

@RobotMasterSplash

2 жыл бұрын

Nobody is going to buy this garbage, just like Ubisoft Quartz.

Remember when everyone against loot boxes said "give em an inch, they'll take a mile."?? Well, the NFT bullshit is DAMN CLOSE!

thank god for commander sterling!

I need more mime clips when discussing NFTs.

Somehow after learning what NFTs are, I thought we’d truly hit rock bottom. Then came NFT lootboxes and I was wrong.

We need to hold the line against NFTs at all costs

@shis1988

2 жыл бұрын

We don't exist to the industry, though. The industry is made by and for sociopaths. Literal m**d*r and s*xual abuse didn't stop Call of Duty from selling.

@vetreas366

2 жыл бұрын

@@shis1988 To be fair, the murder part was just threats as far as we know, though the sexual abuse was real and it did lead to that suicide so it's still fucked but not quite... as bad as murder... yet... I guess... as far as we know... ...

@shis1988

2 жыл бұрын

@@vetreas366 "s**cide by bullying" is m*rd**...

@vetreas366

2 жыл бұрын

@@shis1988 Manslaughter at best. Unless you can prove intent and a clear perpetrator who had a reason to instigate the action, first degree murder is not a clear verdict. Law isn't as cut and dry as that. So even if one is responsible for someone else being forced in that sort of corner and taking their lives, it still wouldn't count as "murder" unless one could provide evidence to properly prove that the bullying itself took place AND that it was done with the intent to push someone to suicide. The person who took the pictures can argue they never intended things to get to that point and that they were unable to foresee the effect it would have on the person themselves. The people who were sharing the pics around could claim that they weren't the ones who took the pictures, were uninvolved and never intended the tragedy to take place. The ones who covered it up could then say that they were not responsible for this and they only did the job they were given: making sure the workplace itself was not affected by "personal issues" between employees. So yeah... world is a big old gradient of colors and grays. It's not as easy as all that to just say "it was murder" and not consider other circumstances... It is morally repugnant and downright criminal, but it's not "technically" murder.

Whats truly sad is this generation of youths have no clue just how bad this really is, most of them didn't understand why we complain about loot boxes, I genuinely feel bad for them as they've missed on entires decades of games evolving into something that was designed to be more consumer friendly, before that cancerous thought was sh*t out onto the market and has permeated every reach of the industry, exclusive content, random crap in boxes and now this crap, I miss the days when you'd unlock something by completing a challenge or entering a code, solving a puzzle to get that code was also a thing, games used to be more fun, the only thing I can say i enjoy is expansion packs, but only when they're reasonably priced and feel like they build upon the game's original concept. If NFTs are allowed to actually take off on any level of success, the market may as well throw its content into a roulette system, "oh whats that? You want the new CoD? Well spin the wheel and hope you dont get Fifa for the seventh time in a row, I'm deliberately overstating how bad this is, but most of you have no clue of how bad something like this can be for the players, capitalism has ruined a digital past time and has convinced many that this is normal and fair, but only because you didn't know what was there before, and yes I'm aware of the broken and buggy ass games that used to exist but lets be honest that was largely in part down to lack of reasonable updates, the internet has that solution now but the problem is no longer a concern for the companies.

@freecomkcf

2 жыл бұрын

this is all backwards, we live in a timeline where ZT Online existed, a Chinese pay-to-win MMO that invented loot boxes (and were required to get through the tutorial). the CCP shut it down because it was too exploitative to kids. yes, _that_ fucking CCP. it just took the rest of the world's businessmen more than a decade to realize how stupid the average gamer with expendable income is.

14:17 sterling can't believe you didn't say "UK DEBUKAY!!!!"

NFT's and crypto are one of the technologies that make me believe that the entire field of computing was a mistake.

@666Tomato666

2 жыл бұрын

I sure hope the irony of you posting it on KZread isn't lost to you...

@gablanwheel3895

2 жыл бұрын

I get what you’re saying, but I feel it should be pointed out that it’s the reward system of capitalism that takes a powerful tool like computing (that could improve and liberate lives) and uses it to make something that exists only to make profits. NFTs and crypto are just 2 contemporary examples of that.

@sharkofjoy

2 жыл бұрын

Code is just human fallibility given the veneer of disinterest.

@hisako-1984

2 жыл бұрын

@@gablanwheel3895 it's a problem I have put a lot of thought into, because it is personally relevant to me as I work in software development. My comment is more of a vent of frustration because whenever I do think of ways we can use software development to help people today or to move society towards socialism I come up empty. As it stands now, it feels like it, for the most part, only causes harm.

@pizdamatii5001

2 жыл бұрын

@@hisako-1984 don't worry. software developement will give us stronger and stronger AI tools which will be used to consolidate more and more power and money in the hands of the richest folks around. then, with all the unregulated giant tech companies racing each other to be the first to develop AGI, one of them will crack the problem, without having invested the resources into solving the alignement problem first. wish i could say humanity had a good run...

Last time I was this early, Blizzard was still a beloved company.

@haruhisuzumiya6650

2 жыл бұрын

Last time I was this early, Atari was developing games

As soon as I saw "NFT Loot Boxes" in the title I immediatly started to disassociate and feel my mind leave my body.

7:14 Favorite part Storing it for later

Nfts,lootboxes and Atari's rotting corpse all in one week! I hate video games.

so they're just combining all the worst things now into one extremely even worse thing

Been with you in my life for a decade. Still thanking fucking God for you

that laughter was so great