NFTs, Blockchain and Crypto. Explained



Check out Hajime Kinoko’s first NFT “Samsara” in partnership with RPM: Drops MAY 23rd 9:30AM PST, in 46 hours. (Depending on when you’re reading this.)

I had been meaning to talk about crypto and blockchain for a while now, and with the recent hype around NFTs, seemed like the perfect time. This video of course is not meant to be investment advice.

While this video was sponsored by RPM, they had no influence over the script.


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38 thoughts on “NFTs, Blockchain and Crypto. Explained

  • January 14, 2022 at 7:48 pm
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    Thank you!

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  • January 14, 2022 at 7:48 pm
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    Great video. But I still can't help but correct it. These things are bugging me to a breaking point. So many miss-consceptions. It's in the literature itself.

    Blocks are hashed, not necessarily encrypted. Encryption isn't necessary when its already public and permissionless.
    You missed the important part of it. Ie: the chain, where the name comes from.

    Blockchains aren't necessarily decentralized, they can be centralized. Bitcoins is not, same with most cryptos as they are intended to be anti-government.

    Satochi didn't invent or propose the blockchain. Just look again at the paper itself, the timestamp server is even cited in the paper… Their >only< contribution, big but only, was using previous work in a way to have a working system that is permissionless and public with no central authority without having the issue of double spending.
    Not new, a different perspective.

    Also keep in mind that NFT'S must first be accepted in law for ownership to actually matter. Though the potential is there, right now it doesn't legally represent anything. Because at the end of the day, we live with governance.

    Otherwise great job

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  • January 14, 2022 at 7:48 pm
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    It would be cool if your real estate, car title, birth certificate, social security number, and even your DNA code deed could be stored on a blockchain.

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  • January 14, 2022 at 7:48 pm
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    unfortunately NFTs have already unfortunately NFTs have been ruined in record time

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  • January 14, 2022 at 7:48 pm
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    I like the part that says .. "You are working for your car.. Simplify!".. 😄

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  • January 14, 2022 at 7:48 pm
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    Reminds me of the end of fight club when they destroyed the paper trail by blowing up several banks

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  • January 14, 2022 at 7:48 pm
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    inflation is not just about increasing how many bitcoins there are but how many times you can divide it as well. Also bitcoin is a market you can corner, and lose. not to mention i the value of the smallest division of a bitcoin is more valuable than a car how will you buy a coffee. like have only hundreds where nobody else can break them.

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  • January 14, 2022 at 7:48 pm
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    Peer coin?

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  • January 14, 2022 at 7:48 pm
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    N –
    F –
    T – Money laundering

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  • January 14, 2022 at 7:48 pm
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    Stock's are crashing, Bitcoin Investment right
    now will be at every wise individual list in a
    month you we be ecstatic with the decision you
    make today

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  • January 14, 2022 at 7:48 pm
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    Banks will likely try to stop crypto if they can't profit from it

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  • January 14, 2022 at 7:48 pm
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    You underestimate hackers

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  • January 14, 2022 at 7:48 pm
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    I mean… I get it but what I don't get is why would anyone pay 10mil$ for some cyber weird pixel random drawing? painting? or whatever it was just to view it on phone? I mean I can view it exactly the same way unlike Monalisa painting its hard to copy it exactly. Or like video of a basketball player, that literally million of people saw it in TV for FREE that's exactly the same as the one being sold for 250k? Yes you are the owner of the video but i can just type it in youtube and I'm getting the same video. Seems like some money laundering cliche

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  • January 14, 2022 at 7:48 pm
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    chili !

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  • January 14, 2022 at 7:48 pm
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    So could you lose all your bitcoin to a solar flare?

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  • January 14, 2022 at 7:48 pm
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    1:20 woah was this Hajime Kinoko's work? Amazing!

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  • January 14, 2022 at 7:48 pm
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    What about the environmental impact?

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  • January 14, 2022 at 7:48 pm
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    I still don't trust crypto.

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  • January 14, 2022 at 7:48 pm
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    What is an NFT?
    It’s a scam, specifically it’s a bag holder scam. Last person holding loses.

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  • January 14, 2022 at 7:48 pm
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    To sum it up NFT's are dumb. I rather own the physical. The technology behind it is great sure but the actual product, MANY RED FLAGS!!! Money laundering at its finest & scamming at its finest. DON'T BUY INTO THE HYPE MY FRIENDS BLESSINGS

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  • January 14, 2022 at 7:48 pm
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    1) don't romanticise stone age
    2) don't mix american mentality witth bronze age
    3) potatos. are you feeling alright, buddy?
    f… its only 3 mins into ;g

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  • January 14, 2022 at 7:48 pm
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    I think the comparison between the nft and a paintibg doesnt really hold up that well. A poster of the mona lisa is not even close to the original and it is just impossible to get an exact copy of the original. With art that is purely stored as data there can be an infinite amount of perfect copies and the only thing the nft owner has over any copy owner is the recognition of the ledger

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  • January 14, 2022 at 7:48 pm
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    So if you lose or whatever the encryption ID then you are just shit out of luck & have lost it all, correct

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  • January 14, 2022 at 7:48 pm
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    what stops someone from appending a malicious block? I understand changing previous blocks is tough, but what about just appending a hacked block?

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  • January 14, 2022 at 7:48 pm
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    where the sources at for the first 4 mins, cause you throwing a lot of assumptions

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  • January 14, 2022 at 7:48 pm
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    If I buy the Mona Lisa and put it in my vault, I own it. I can control access to it, if I bought the copywrite I can control who replicates it and sells merch of it. I can charge people to see it. If I own an NFT of Nyan Cat, I don't own it's copywrite, I can't control who gets to see it, I can't really monetise it. Personally I don't equate NFT with the same kind of ownership as actually owning a physical piece of art or media.

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  • January 14, 2022 at 7:48 pm
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    Why so many dislikes ??

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  • January 14, 2022 at 7:48 pm
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    Hashing is not encryption.

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  • January 14, 2022 at 7:48 pm
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    Hunter gatherers certainly used to own their bodies, and very likely their tools and their loin cloths.

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  • January 14, 2022 at 7:48 pm
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    Thought provoking video, but it seems deeply unfortunate that Kinbakubi requires a breeding age female to be trussed up for public display. However willing she may be.

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  • January 14, 2022 at 7:48 pm
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    I thinku should do one wirh axie

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  • January 14, 2022 at 7:48 pm
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    Nice video! Thank you for sharing this with us. Please do a top 10 NFT projects. I got a few Singularity Heroes , any thoughts? They have a bussing discord.

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  • January 14, 2022 at 7:48 pm
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    Just subbed, any plans for a top ten NFT projects video? I bought Singularity Heroes recently, I love comic artwork, they have some sic jokers and clowns, you got any thoughts on them?

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  • January 14, 2022 at 7:48 pm
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    3:38 Some aspects of humans will never change

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  • January 14, 2022 at 7:48 pm
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    Q: what if a hacker finds the last bitcoin. couldn't he just change the code without consequence? since the hacker wouldn't have to deal with a blockchain afterward

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  • January 14, 2022 at 7:48 pm
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    The problem with crypto being widely adopted is that it is still very volatile.

    Reply

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