Beautiful Virgin Islands

Wednesday, Aug 27, 2025

NFT is a scam. Only idiots do not understand it. Now finally some Australian developer build an idiot-proof website to demonstrate why “original” digital file is just the same as it’s endless copies…

NFT is a scam. Only idiots do not understand it. Now finally some Australian developer build an idiot-proof website to demonstrate why “original” digital file is just the same as it’s endless copies…

Australian developer offers ‘billion-dollar torrent’ of NFTs for free.
An Australian software developer says he has made thousands of non-fungible token images freely available, calling it an art project that aims to show the absurdity of property-rights concepts in digital assets.

Geoff Huntley, the project’s creator, claims to have collected all the images associated with NFTs minted on the ethereum and solana blockchains and made them accessible via an accompanying website called NFT Bay, modelled on the infamous Pirate Bay peer-to-peer search service.

Huntley is an open-source software engineer who was involved in an effort to reverse-engineer and inspect the federal government’s COVIDSafe app during the pandemic.

The effort is compiled into a 17-terabyte “billion-dollar torrent,” Huntley said, because of the vast sums of money people have spent to acquire ownership of the pictures within it - images that anyone can copy perfectly and effortlessly from the web.

Huntley points to the fact that images associated with NFT property rights are typically not themselves hosted on the blockchain, and the NFT asset is merely instructions on where to download an image.

NFT enthusiasts argue that the unique blockchain identifier tied with an image -- such as those from popular series like Bored Ape Yacht Club, Lazy Lions or CryptoPunks -- makes each one of them scarce and valuable.

Critics have countered that digital assets are perfectly reproducible and therefore easy to pirate, as Huntley has done, and they’ve taken up the symbol of right-clicking on a mouse to signify their disapproval.

The right-click leads to a menu that allows users to simply save a copy of any NFT image and was the inspiration for another piece of NFT-sceptical artwork a week ago, where a person took 10,000 Lazy Lions images and turned them into a representation of a hand right-clicking a mouse.

Huntley’s unveiling refreshed the controversy over the real value of NFTs, with some advocates suggesting that even his negative slant on them was positive for the novel asset category by giving it more exposure.

Huntley says the real long-term value of NFTs is in authentication, much like Twitter’s blue verification check mark. But, he adds, all of it “could be achieved without blockchain.”
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
A new faith called Robotheism claims artificial intelligence isn’t just smart but actually God itself
Deputy Prime Minister Angela Rayner Purchases Third Property Amid Housing Tax Reforms Debate
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Italian Facebook Group Sharing Intimate Images Without Consent Shut Down Amid Police Investigation
Dutch Foreign Minister Resigns Amid Deadlock Over Israel Sanctions
Trump and Allies Send Messages of Support to Ukraine on Independence Day Amid Ongoing Conflict
China Reels as Telegram Chat Group Shares Hidden-Camera Footage of Women and Children
Sam Nicoresti becomes first transgender comedian to win Edinburgh Comedy Award
Builders uncover historic human remains in Lancashire house renovation
Australia Wants to Tax Your Empty Bedrooms
MotoGP Cameraman Narrowly Avoids Pedro Acosta Crash at Hungarian Grand Prix
FBI Investigates John Bolton Over Classified Documents in High-Profile Raids
Report reveals OpenAI pitched national ChatGPT Plus subscription to UK ministers
Labour set to freeze income tax thresholds in long-term 'stealth' tax raid
Coca‑Cola explores sale of Costa coffee chain
Trial hears dog walker was chased and fatally stabbed by trio
Restaurateur resigns from government hospitality council over tax criticism
Spanish City funfair shut after serious ride injury
Suspected arson at Ilford restaurant leaves three in critical condition
Tottenham beat Manchester City to go top of Premier League
Bank holiday heatwave to hit 30°C before remnants of Hurricane Erin arrive
UK to deploy immigration advisers to West Africa to block fake visas
Nurse who raped woman continued working for a year despite police alert
Drought forces closures of England’s canal routes, canceling boat holidays
Sweet tooth scents: food-inspired perfumes surge as weight-loss drugs suppress appetites
Experts warn Britain dangerously reliant on imported food
Family of Notting Hill Carnival murder victim call event unmanageable
Bunkers, Billions and Apocalypse: The Secret Compounds of Zuckerberg and the Tech Giants
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
New York Appeals Court Voids Nearly $500 Million Civil Fraud Penalty Against Trump While Upholding Fraud Liability
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
Child-free hotels spark controversy
North Korea is where this 95-year-old wants to die. South Korea won’t let him go. Is this our ally or a human rights enemy?
Hong Kong Launches Regulatory Regime and Trials for HKD-Backed Stablecoins
China rehearses September 3 Victory Day parade as imagery points to ‘loyal wingman’ FH-97 family presence
×