General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBefore you rush out to buy a passel of Trump cards....
Be aware you will only get a digital file attached to an email, not a physical card.
Also you don't really own the thing:
The NFTs do not correspond to ownership of the images. Buyers get a limited license to use, publish and display the art with various restrictions that include a ban on commercial applications.
Buyers will need self-custody digital wallets to receive the NFTs, though they can be purchased with just an email address.
The cards can be transferred, but there is a 10% resale royalty.
-----
I expect that Trump thought this would be one of the scams that only his followers would hear about.
After all they buy tons of Trump crap and no one outside of their community hears or cares about it.
The fact that this one hit the major news networks everywhere is probably a shock to him.
I wonder if he realizes that this is the end of him.
He will lose most of his followers from this blatantly self serving grift.
iemanja
(53,035 posts)I was looking forward to getting my sister one for Christmas. But now you tell me there will be nothing to put under the tree?
intrepidity
(7,307 posts)Strange wording.
Celerity
(43,422 posts)the actual NFT(s).
XanaDUer2
(10,690 posts)What's a digital wallet?
I'm disappointed I cannot buy some.
Celerity
(43,422 posts)What Is a Digital Wallet Example?
Google Pay and Apple Pay are some examples of more well-known digital wallets. Both services allow you to access your financial products through your devices and make purchases.
https://www.investopedia.com/terms/d/digital-wallet.asp
What Is a Digital Wallet?
A digital wallet (or electronic wallet) is a financial transaction application that runs on mobile devices. It securely stores your payment information and passwords. These applications allow you to pay when you're shopping using your device so that you don't need to carry your cards around. You enter and store your credit card, debit card, or bank account information and can then use your device to pay for purchases.
Digital wallets can also store:
Gift cards
Membership cards
Loyalty cards
Coupons
Event Tickets
Plane and transit tickets
Hotel reservations
Driver's license
Identification cards
Car keys
Learn more about digital wallets, how they work, and how you can use them.
KEY TAKEAWAYS
Digital wallets are financial applications that allow you to store funds, make transactions, and track payment histories on devices like phones and tablets.
You can store all of your financial information in a digital wallet; some even let you store identification cards and driver's licenses.
Digital wallets may be included in a bank's mobile app or payment apps like PayPal or Alipay.
Digital wallets allow people in financially underserved parts of the world to access financial services they may not have been able to before.
How a Digital Wallet Works
Digital wallets are applications designed to take advantage of the abilities of mobile devices to improve access to financial products and services. Digital wallets essentially eliminate the need to carry a physical wallet by storing all of a consumer's payment information securely and compactly.
Digital wallets use a mobile device's wireless capabilities like Bluetooth, wifi, and magnetic signals to transmit payment data securely from your device to a point of sale designed to read the data and connect via these signals.
Currently, the technologies used by mobile devices and digital wallets are:
QR codes: Quick response codes are matrix bar codes that store information. You use your device's camera and the wallet's scanning system to initiate payment.
Near field communication (NFC): NFC is a technology that allows two smart devices to connect and transfer information using electromagnetic signals. It requires two devices to be within about an inch and a half (4 centimeters) from each other to connect.
Magnetic secure transmission (MST): The same technology used by magnetic card readers that read your card when you swipe it through a slot on a point of sale. Your phone generates this encrypted field that the point of sale can read.
The card information you've stored in your wallet and choose to use for a transaction is transmitted from your device to the point of sale terminal, which is connected to payment processors. Then, through the processors, gateways, acquirers, or any other third parties involved in credit and debit card transactions, the payment is routed through the credit card networks and banks to make a payment.
XanaDUer2
(10,690 posts)I still just use a CC or debit at the store. I'm low tech.
Thanks for this. DUers are great and I always learn something here
moonscape
(4,673 posts)wouldnt house a digital wallet
XanaDUer2
(10,690 posts)Celerity
(43,422 posts)It is like any new knowledge, you just have to take a few minutes to understand the basics, and then use it a couple of times.
I am not advocating a person uses one, just pointing out (and NOT singling you out at all) that so many here are working under a lack of understanding when it comes to certain tech.
Irish_Dem
(47,140 posts)I'll even give you a nice discount.
tavernier
(12,393 posts)We should still buy some because someday they will be worth a fortune
In confederate money.
jmowreader
(50,560 posts)An NFT is, in essence, a cryptocoin with a piece of digital art attached to it. Supposedly the digital art is the reason you want the NFT.
tavernier
(12,393 posts)Not a bad idea since I have little room in my home to display real art. But I wouldnt hang a picture of Super Rump above my toilet so I dont need one to admire electronically.
jmowreader
(50,560 posts)you could go to a sign shop, get a picture of Super Rump printed on vinyl and laminated, and hang it inside the bowl. It would be great for teaching little boys where to aim.
tavernier
(12,393 posts)All my friends like to take a swipe with that when they come over so I have the cleanest toilet in town.
Hortensis
(58,785 posts)they can just push a button and copy them? Or care that much in their distust. First thing our son did so he could send us his favorite, but he's a Democrat.
I was reading social lmedia responses from some of tRump's supporters. tRump's latest grift forced one to an epiphany without even leaving his bubble: Der Leader is actually an agent of the New World Order. Short hop from there to serving Satan, I'd think.
Kablooie
(18,634 posts)How many farmers even know what an NFT is?
I'll bet even many of the digital literati don't know much about it.
Trump just heard that many were sold for big bucks so he wants in on it.
I'm sure he knows nothing about it either.
Hortensis
(58,785 posts)self, but last I heard sales had been extremely disappointing.
moonscape
(4,673 posts)correctly reasons he can match her sales +1.
Hortensis
(58,785 posts)superior marketing, etc. Plus, costs are very low, price whatever the market will bear. And the market whatever specialists in turning worthless products into fads can create.
Whiskeytide
(4,461 posts)MAGATS believing hes playing 11 dimensional chess. Someone here already posted a tweet from some idiot claiming that its code foreshadowing that Тяцмp is about to play his cards. Yikes, the stupid.
Kablooie
(18,634 posts)The Nazi version faces the other way like this: FO卐
The left facing one represents the tantric doctrines of the goddess Kali, not a popular topic on Fo卐 News.
Whiskeytide
(4,461 posts)attention. Ill get it right from here on out.
Chainfire
(17,553 posts)from his extensive personal collection.
brooklynite
(94,608 posts)Every money-grubbing gimmick he's come up with has become public.
Aristus
(66,399 posts)Tanuki
(14,919 posts)one particular picture and want to order it, but it doesn't work that way. You pay your $$$ and a random picture shows up in your digital wallet.
🤣🤣🤣🤣🤣🤣🤣🤣🤣
Initech
(100,082 posts)newdayneeded
(1,955 posts)didn't offer the free spatula that was mine to keep!