NFT Profit

A new scam that uses the NFT Non Fungible Token system as bait which is a unique signature in blockchain


Watch out for this new scam that uses the NFT (Non Fungible Token system.) NFT are a tradeable security based on an associate unique media and can be traded just like you invest in stocks or shares. The idea of an NFT is that it is a unique certificate of proof of ownership based on that media (art, image, video, etc.) that can be traded and proves ownership of rights for when you receive money in return based on the popularity of that media online, such as a video or image.

Now the Yandex counter (hmm, where could they be from?) is as follows:

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So presumably any decent federal or interpol-ice force could track them down with a few court orders just based on their database ID that Yandex must have details concerning name or address or something

What is an NFT?

Well an NFT or non fungible token is a unique blockchain token, which differs from a Bitcoin for example because it is non-fungible, in other words it is unique. A Bitcoin, for instance, is fungible because it is in essence exactly the same as any other Bitcoin and is worth the same amount. An NFT uses blockchain, but is more like a work of art or a diamond, in that it is unique. It cannot be replicated in theory, but it is still transmissible using blockchain technology, so it can be bought or sold.

An NFT can be generated based on any other medium and records the owner within the blockchain. When the ownership is transferred the owner within the blockchain is released by the current owner and transferred to the new owner, so it cannot be stolen as the current owner has to release ownership to the new buyer. This means that if I was to generate an NFT based upon a painting that I own, I could use that token as a tradeable security proving ownership of the painting for when I came to sell it or when someone wishes to reproduce it. It is essentially a blockchain record proving ownership of media.

What is NFT Profit?

It is a confidence trick. It is a way of associating a lowdown scam with something bright and hopeful and profitable that most people do not really understand. In other words, it is a way of making you feel extremely positive about something, so that you have to come a long way to come back before you realise that it is a scam. This is how most confidence tricksters work. Once they have persuaded you to enter your contact details and make a $350 USD deposit, they will tell you anything to get more money out of you.

Officially, the boiler room scammers refer to these websites as 'advertising campaigns' and explain that you really can make a fortune out of CFD trading or whatever they are pedalling, and that you have no need to worry. Once they are sure that you have no more money to give, they have a habit of disappearing.

How Much Money Can I Make With NFT Profit?

Unfortunately, you can't make any money at all. This is the way with scams. Anyone telling you they are giving away money to people with no special skills or knowledge is trying to take money, not give it away. The idea that anyone cures poverty is a fantasy unfortunately. The rich depend on the poor staying poor or they are not relatively wealthy. The rich poor divide is what gives status after all. If everyone were the same then there would be no rich people. This is important to understand, everything is relative. No matter how much money you have, all that really matters is how much everyone else has.


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