# NFT's are Fundamentally a MLM-Type Scam Designed to Get You to Buy Crypto

**URL:** <https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814>\
**Category:** Out Of Pod Experience\
**Created:** [January 22, 2022, 4:48am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814 "2022-01-22T04:48:11Z")\
**Posts on this page:** 20\
**Page:** 38

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**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 20, 2022, 3:33pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/771 "2022-02-20T15:33:29Z")

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Not sure how you arrived at that conclusion. I accept other peoples views and I even gave my full agreement that BTC is bad for the environment and suggested ways it could be improved.

Trying to impose a belief that BTC is not a currency wont work and it is in fact you who practices fanaticism due to your unwavering inability to see other perspectives, The MIGHTY GBP and the USD might control everything in your world but I am under no obligation to follow the conventions you do.

LOL, anyone not using the USD and GBP or any other countries physical currency is a fanatic huh? You seem to have it the wrong way around brother.

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**Author:** ![Gadget\_Helmsdottir](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/gadget_helmsdottir/32/374037_2.png) [@Gadget\_Helmsdottir](https://forums.eveonline.com/u/Gadget_Helmsdottir)\
**Post date:** [February 20, 2022, 3:35pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/772 "2022-02-20T15:35:59Z")

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> Not sure how you arrived at that conclusion.

Yes. That’s rather obvious.

–Gadget nods

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**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 20, 2022, 3:45pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/773 "2022-02-20T15:45:48Z")

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> [@Aedaxus](#):
>
> Again, Bitcoin (or other crypto) is not innovative or better than what is already in existence.

Bitcoin has a finite amount, there will only ever be 21 million. All other currencies can be easily printed and loaned to someone to double or triple it. Your narrative is becoming tiresome, you keep skipping over facts as if they are irrelevant.

Either accept the facts and type with facts in mind or I’m gone.

> [@Aedaxus](#):
>
> It does not help the average person.

There’s your tiresome narrative again. People have benefitted many people can pay their bills in El Salvador with BTC and no longer have to do a 2 hour journey.

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**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [February 20, 2022, 4:13pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/774 "2022-02-20T16:13:29Z")

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> [@Aaron](#):
>
> Bitcoin has a finite amount, there will only ever be 21 million. All other currencies can be easily printed and loaned to someone to double or triple it.

> [@Aaron](#):
>
> Either accept the facts and type with facts in mind or I’m gone.

There will only be 21 million x 100 million satoshi’s, which are the coins. I could rable on how there are just a few 100 dollar bills

2.100.000.000.000.000 units will be printed for satoshi.  
1.900.000.000.000.000 units being around already.  
6,600,000,000,000 units are around for USD.

Hide facts much? Satoshi printer goes Brrrrrr… better go deflect some more.

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**Author:** ![Anderson\_Geten](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/anderson_geten/32/390041_2.png) [@Anderson\_Geten](https://forums.eveonline.com/u/Anderson_Geten)\
**Post date:** [February 20, 2022, 4:45pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/775 "2022-02-20T16:45:38Z")

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> [@Aaron](#):
>
> I accept other peoples views and I even gave my full agreement that BTC is bad for the environment and suggested ways it could be improved.

No you did not accept other peoples views. You only accept what fits your narrative.

> [@Aaron](#):
>
> Either accept the facts and type with facts in mind or I’m gone.

“ASIC and GPUs are the same”

it’s accept the lies.

> [@Aaron](#):
>
> Bitcoin has a finite amount

number below 20M are a finite amount, there will only ever be 20M

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**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 20, 2022, 6:03pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/776 "2022-02-20T18:03:28Z")

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What is it you hope to achieve from this chat? Both of us can have our view but it’s not going to change anything. People will continue to mine, invest and use btc regardless of what you and I think or say.

From your perspective people like me are stupid for falling for a scam, I understand you and you might be better off just ignoring BTC and have nothing to do with it, You’re not going to be able to sway anyone’s opinion if their mind is made up.

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**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [February 20, 2022, 6:37pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/777 "2022-02-20T18:37:50Z")

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> [@Aaron](#):
>
> What is it you hope to achieve from this chat?

A discussion about Bitcoin and NFT.

I don’t need to sway people’s opinions, I hope those who come and read can get all the information on the pros and cons and will be able to deduct whether it’s the future or not.

Also; replace “inconceivable” with “Anonymous”. 😉

[![](https://global.discourse-cdn.com/eveonline/original/4X/f/8/5/f859fbfc4b8be87ba773a5c48b2d602a92ba645b.jpeg "The Princess Bride I do not think it means what you think it means") ](https://www.youtube.com/watch?v=F8y-qy9N01I)

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<div class="post-metadata">

**Author:** ![Anderson\_Geten](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/anderson_geten/32/390041_2.png) [@Anderson\_Geten](https://forums.eveonline.com/u/Anderson_Geten)\
**Post date:** [February 20, 2022, 7:19pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/778 "2022-02-20T19:19:27Z")

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> [@Aaron](#):
>
> People will continue to mine, invest and use btc regardless of what you and I think or say.

People will continue being criminals regardless of the law. Does not make them less criminals, does not mean people should not be educated to not follow them. That includes scammers.

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<div class="post-metadata">

**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 20, 2022, 8:06pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/779 "2022-02-20T20:06:22Z")

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> [@Aedaxus](#):
>
> A discussion about Bitcoin and NFT.

To what end though? what is the goal of your discussion?

[![](https://global.discourse-cdn.com/eveonline/original/4X/0/d/9/0d92287008c24015787ace9091c7bda0ddb5c428.jpeg "ASIC miner chips explained") ](https://www.youtube.com/watch?v=k4628-UoQio)

[![](https://global.discourse-cdn.com/eveonline/original/4X/7/0/4/70475103d9a754c62d47f3705442fab923cad4ba.jpeg "Is it a GOOD Time To Start Mining Crypto? (While I Fix A GPU)") ](https://www.youtube.com/watch?v=Vk8_A7e7YJ4)

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<div class="post-metadata">

**Author:** ![Anderson\_Geten](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/anderson_geten/32/390041_2.png) [@Anderson\_Geten](https://forums.eveonline.com/u/Anderson_Geten)\
**Post date:** [February 20, 2022, 9:07pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/780 "2022-02-20T21:07:26Z")

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> [@Aaron](#):
>
> what is the goal of your discussion?

To show that you are talking off your arse.  
That your opinion is based on lies. That you believe to have knowledge but in reality you only repeat stupidities that “someone pleasant to hear” made you believe.

Basically, that you are living in your delusions of making passive profit.

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**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [February 20, 2022, 9:46pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/781 "2022-02-20T21:46:16Z")

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> [@Aedaxus](#):
>
> I hope those who come and read can get all the information on the pros and cons and will be able to deduct whether it’s the future or not.

That’s why, it was in my reply. Not sure why you keep asking about things I actually said.

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**Author:** ![Aedaxus](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aedaxus/32/393915_2.png) [@Aedaxus](https://forums.eveonline.com/u/Aedaxus)\
**Post date:** [February 20, 2022, 10:21pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/782 "2022-02-20T22:21:00Z")

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I could not hear the first one, it was a very pitched noise so I had to close it.  
The second one is quite a sales pitch hidden under a tech cloak. I understand his motives but as usual he’s a zealot that does not want to know the negative effects.  
Everything has two sides.  
He also has a bunch of Bitcoin or Etherium stockpiled and needs to get out.

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**Author:** ![Avaelica\_Kuershin](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/avaelica_kuershin/32/478139_2.png) [@Avaelica\_Kuershin](https://forums.eveonline.com/u/Avaelica_Kuershin)\
**Post date:** [February 20, 2022, 10:21pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/783 "2022-02-20T22:21:07Z")

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> [@Aaron](#):
>
> I’d love to see an offering from Nvidia and AMD for a BTC miner to see if they can reduce the electric cost further. I’d also like to see less hardware being thrown away, the Crypto industry needs standards so hopefully we will see swapable/blade type Asic’s where customers only need swap out the ASic blades and not have to throw away the whole 5kg Asic.

I doubt 15% reduction will make a huge change in the long run. That it’s only 15% difference implies the ASICs were already near state-of-art for fabrication.

BTW, the ASIC is the chip itself, who knows, maybe Intel will use a LGA for them to enable easy upgrades.

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<div class="post-metadata">

**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 21, 2022, 1:22am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/784 "2022-02-21T01:22:50Z")

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> [@Avaelica\_Kuershin](#):
>
> BTW, the ASIC is the chip itself, who knows, maybe Intel will use a LGA for them to enable easy upgrades.

Yes I’m aware. The entire device is also referred to as an ASIC.

The whole miner including psu, fans, controller, and the circuit board with the array of Asic chips on is referred to as an ASIC. So if I call up or email anyone selling them and say “i’d like to buy an ASIC” they will know what I am referring to.

ASIC also refers to the chips on the circuit board, each one is an ASIC and a group of them on a circuit board is an ASIC array.

I think it’s silly they named the whole machine an ASIC when it should be called a BTC Mining Device which features an array of ASIC’s called BTC Processing Units. The specialised chips are made for only BTC so I’m unsure why they refer to it as the type of chip it is and not it’s actual name.

The term ASIC only describes a chip or array of chips that were produced for a specific purpose.

Say if I manufactured a car and named it “Saloon” that name wouldn’t be appropriate because it describes all saloon cars.

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<div class="post-metadata">

**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 21, 2022, 1:33am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/785 "2022-02-21T01:33:20Z")

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> **[5nm Bitcoin Mining Machines, where are you? - Miner Daily](https://minerdaily.com/2021/5nm-bitcoin-mining-machines-where-are-you/)**
>
> 5nm bitcoin mining machines, fact or fiction? Bitmain may release a new Antminer ASIC in late 2021, will is be named S21? Is it ~200 TH/s?

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<div class="post-metadata">

**Author:** ![Anderson\_Geten](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/anderson_geten/32/390041_2.png) [@Anderson\_Geten](https://forums.eveonline.com/u/Anderson_Geten)\
**Post date:** [February 21, 2022, 7:46am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/786 "2022-02-21T07:46:05Z")

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> [@Aaron](#):
>
> Yes I’m aware. The entire device is also referred to as an ASIC. it’s more of an asic array.

No it’s not . It’s a PCI extension :

> [@Anderson\_Geten](#):
>
> So you can have a dedicated extension plugged eg on PCI but then your PCI chipset will add cost to the usage.

Again, it shows you have no idea about the actual meaning of the terms you use. Just because it contains ASICs does not mean it IS an ASIC.

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**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\
**Post date:** [February 21, 2022, 11:20am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/787 "2022-02-21T11:20:42Z")

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![](https://global.discourse-cdn.com/eveonline/original/4X/c/0/f/c0f768da5bce0fe2cfb13c3928d0ab52d5ca0418.jpeg)

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<div class="post-metadata">

**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 21, 2022, 11:33am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/788 "2022-02-21T11:33:09Z")

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I’ve actually had many sleepless nights trying to configure my many GPU’s, after about 6 months I finally found a program I operate via windows powershell which turned off all gaming features on the GPU’s making them stable for mining.

Up until that point I had to restart the miner every 8 or so hours to earn money. If you don’t class this as work then I don’t know what is. I must have reinstalled windows and drivers a good 150 times on all my machines thinking it was driver or operating system corruption.

So don’t think this is all plain sailing for me, I have worked hard to get to the level of stability I have now.

I read about a guy on reddit who has 70 Nvidia GPU’s mining, suddenly all of them became unstable and he can’t get them to mine and is considering giving up mining, Now he has to call in an electrician to make sure things are fine. He has to organise a GPU’s technician to make sure his gpu’s aren’t damaged. He’s got his work cut out for him.

I’m unsure what your silly graphic was trying to say, but if you’re trying to say miners are lazy you are very much mistaken, they work very hard for themselves running their own little mining operation.

I have to re-apply thermal paste to many of my GPU’s might take me a few weeks to do all of them, this is good honest work.

I secretly like when things go wrong, then I get to learn more.

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<div class="post-metadata">

**Author:** ![Aaron](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/aaron/32/379788_2.png) [@Aaron](https://forums.eveonline.com/u/Aaron)\
**Post date:** [February 21, 2022, 11:54am UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/789 "2022-02-21T11:54:53Z")

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My reason for being here is to give insight into certain aspects of crypto, I’m unsure if any crypto miners or people who own or deal in NFT’s have typed here on these forums.

Is there anyone who has had a good or bad experience with NFT’s? I’m very interested to read about it if you’d like to come forward. Are there any BTC investors here? what are your findings?

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<div class="post-metadata">

**Author:** ![Nana\_Skalski](https://sea1.discourse-cdn.com/eveonline/user_avatar/forums.eveonline.com/nana_skalski/32/489985_2.png) [@Nana\_Skalski](https://forums.eveonline.com/u/Nana_Skalski)\
**Post date:** [February 21, 2022, 12:02pm UTC](https://forums.eveonline.com/t/nfts-are-fundamentally-a-mlm-type-scam-designed-to-get-you-to-buy-crypto/346814/790 "2022-02-21T12:02:14Z")

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You are losing money on power and gain fake internet money, and you call this honest “work”.

You are just generating waste, not working.

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