Cycling's First NFT is a Picture of a Bike That Sold for $2,000 More Than the Actual Bike

May 27, 2021 at 9:09
by James Smurthwaite  
photo

If you've been on any music, film, art or games website in the past 6 months, you'll no doubt have heard about NFTs. Well, now it's the bike industry's turn to get in on the action and, as you might expect from an intersection of cryptocurrency and cycling, a silly amount of money has changed hands for something that you can't even ride.

The NFT in question is a 3D rendering of a special edition frame from Italian road bike brand Colnago. The rendering is a 1-of-1 C64 frame that celebrates the great victories the brand has taken in the past from Tony Rominger's Hour Record to Tadej Pogačar's Tour de France-winning V3Rs.

The rendering has now sold to User MTD-01, who has coughed up 3.2 wETH tokens (a cryptocurrency) for an NFT of a Colnago C64. This converts to US$8,592USD - or, about $2,300USD more than an actual Colnago C64 frameset that exists in the real world

But what is going on here and why is it worth so much? Well, it's probably not.

First we probably need to understand what an NFT actually is. NFT stands for non-fungible token and it is a way to authenticate a digital asset. It works a bit like an artist's signature where a painting itself could be printed and copied identically but the painting with the artist's signature on it has a much higher value due to its authenticity and rareness. Similarly, when an NFT is purchased, the transaction is stored on a digital ledger called a blockchain that records the purchaser of the NFT as the sole, rightful owner of an authentic artifact. Some recent examples include Jack Dorsey, founder of Twitter selling his first tweet for over $2.5 million, the meme animation Nyan Cat selling in an Internet marketplace for just under $600,000 and Tony Hawk selling footage of his last ever 540.

photo

Anyway, back to Colnago. Much like the NFTs listed above, we can all see the rendering of the bike but none of us own it, unlike MTD-01. They purchased it two days ago after a bidding war with another interested party and Colnago has said that the design will never be replicated, meaning they own the only version of the picture in existence.

The whole affair might bring to mind the saying about the fool and their money but maybe one day NFTs will take over the world and the prestige of cycling's first will make MTD-01 a multi-multi-millionaire... if they aren't already. Will that happen? If I knew, I certainly wouldn't be writing about it that's for sure. Anyway, time for a spin on a real bike that actually exists in the real world to try and forget about all this...

For more info or to make MTD-01 an offer to take the NFT off their hands, click here.

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173 Comments
  • 255 65
 Cryptocurrency is the worst invention of the 21st century.
  • 15 10
 Silly
  • 68 3
 ....its early yet.
  • 89 9
 Cryptocurrency is useful for many things, but NFTs make my mind explode
  • 8 3
 There are some projects that are quite smart and useful. Most of the garbage deserves to get washed away though - talking about the scams / money grabs. I'm thinking the recent -50% is just the start of another bear market - good riddance until the next cycle.
  • 4 1
 If it is, then we are lucky.
  • 26 8
 blockchain will be revolutionary. I'm still not sold on its application as a currency. NFT's actually have a lot of promise - like confirming ownership of original digital art (the music biz is all over this), but the stuff we're hearing about in media is mostly for entertainment.
  • 21 7
 It's gunna be a very rough decade for you if you continue with this take my fren
  • 13 6
 @mnorris122: Some of these NFTs seem stupid for sure, but its really no different than art, or sport collectables, or baseball cards, etc. I mean those aren't my thing at all but they are big business. This is really just the digitization of those things.

I mean look at the selling of that first tweet. What is the difference between that and say someone having gotten their hands on the first iphone prototype, or something like that.
  • 16 1
 @sino428: difference is the idea that you “own” something digital that has been replicated and broadcast. Do you own it when the author typed it or clicked upload or do you own it based on the first view, it’s too ambiguous and really a way to flex that you have too much money. Owning a physical proto iPhone however is different. It’s real and it’s actually scarce. The value is still only perceived based on market demand but at least it’s physical and eliminates the question of what it means to have it.
  • 13 8
 @PeaFunk sounds like someone sold instead of holding HAHA
  • 27 8
 @PinkEbike:

Can we get NFT and Crypto filters to go along with the E-bike filter, please?
  • 11 2
 @sino428: except that it isn't; all of those collectables are tangible, and have some intrinsic worth (even if its close to £/$0).
NFTs are the promise of ownership of "something else" that relies on a constant stream of spending to maintain that claim. It has an indefinite negative intrinsic value.
  • 9 0
 @sino428: The difference is that here is Jack Dorsey's first tweet. twitter.com/jack/status/20?lang=en

There's no scarcity to it. A Gretzky rookie card or the first ever iPhone sold is collectible because it's rare.
  • 4 2
 @mnorris122: and you can go to Paris and look at the Mona Lisa.
  • 5 3
 @mnorris122: Right. Too many people conflate NFTs with cryptocurrency. The common thread of the blockchain has many useful applications.
  • 3 1
 @ADGproductions: non lambo for him
  • 18 3
 Confirming ownership of art has positive uses. Unfortunately block chain tech is way to energy inefficient to use or support at this time. Ethereum 2.0 has promise of reduced energy consumption of that block chain network, but that doesn't address Bitcoin or any of the other blockchain coins.
Besides all that, it seems the current purpose of NFT is to launder money not necessarily support artists or collect art.

"According to The University of Cambridge Bitcoin Electricity Consumption Index, Bitcoin has an electricity consumption of 129.24 TWh per year – that’s more than entire countries such as Argentina and Ukraine, which consume 125.03 and 128.81 TWh each year, respectively. In comparison to Canada, Bitcoin uses approximately a quarter of the electricity that Canada would consume in a year."
energyrates.ca/crypto-mining-why-does-bitcoin-use-so-much-energy
  • 9 4
 @mnorris122: Maybe the iphone was a poor comparison saying a prototype. Say you had the first production iphone off the assembly line. Call it serial #000001. It itself is not rare because there were millions of identical phones produced. But its probably valuable because its the first one, the original one.

With regards to the Dorsey tweet, the NFT gives you the original digital copy, not a copy of something you viewed on the internet. Like the article pointed out, this is not really any different than art, where there may be thousands of copies or prints of a piece that are almost indistinguishable from the original, but there is only once signed copy by the artist. Or think of game used memorabilia. At the end of the day its just a nike basketball shoe or football, etc. But people will pay thousands of dollars because that shoe belonged to Lebron or Kobe. Even though the first tweet has been viewed millions of times, there is only one original.

Now don't get me wrong, some of this shit is absolutely stupid and insane. Nor do I buy any of it myself. But these NFTs aren't any dumber than some of the other "collectable" shit people pay alot of money for.
  • 4 0
 @ADGproductions: It's HODLing in the crypto world not holding....
  • 6 12
flag pink505 (May 27, 2021 at 14:34) (Below Threshold)
 @ROOTminus1: Remember when when all things went digital. It was going to be the end of the world. This stuff is a bit of a generation "hey boomer" kind of thing...

Most kids today wont ever own or pay off their homes..
Most kids are happy to pay 15$ a month for spotify/apple and none of them own a single song or album
Most kids don;t see a huge difference between a text or speaking with the person directly

But I digress....

Buy gold and see what happens....the kids ain't buying gold, the kids aren't buying our houses when we get old or die, the kids don't go to the bank and other then birthday money from grandparents don't us cash. The world has changed us boomers and Xer need to get over it and buy the dam ebike.

Electronic cash is the future if you pick the winner it will be like amazon/apple/google, pick the loser and it will be like the corner store,/blackberry/the newspaper....NFTs: don't get them but don't get tangible collectables either.
  • 11 0
 Art world is a massive money laundering marketplace.
  • 4 1
 @pourquois-pas: There is already a way to own digital art. Its called copyright.
  • 2 6
flag kirchenschlager (May 27, 2021 at 16:22) (Below Threshold)
 mad because you didn't get in early. its ok man. we're still early
  • 1 0
 @mnorris122:
  • 3 9
flag boozed (May 27, 2021 at 16:49) (Below Threshold)
 @mnorris122: "Cryptocurrency is useful for many things"

Are any of them legal?
  • 2 6
flag GBeard (May 27, 2021 at 17:05) (Below Threshold)
 @jfry: @jfry: Under methodology the charts show that efficiency is increasing drastically every year with ASIC miners, .8 J/Gh to .04 J/Gh, that is a 20 fold increase in efficiency in 7 years. Also this bit: "The amount of electricity consumed every year by always-on but inactive home devices in the USA alone could power the Bitcoin network for 1.9 years." That puts it into perspective a bit better. We aren't crucifying people who leave stuff plugged in or forget to turn stuff off, are we? Are we wondering the societal cost of leaving your coffee maker plugged in when you leave for work? This is just the latest FUD narrative.
  • 8 4
 @boozed: lol your boomer is showing
  • 3 0
 @gnarlysipes: I'm all about the blockchain, but I'm willing to bet that 98% of NFTs are purchased with crypto which really makes twisted sense but isn't really relevant on an MTB site other than to generate comments like this one. Unless YT starts accepting BTC for sold out bikes, I'd rather not have to wade through the content. Not a big deal either way tho.
  • 3 5
 @acali: yes and no... an NFT for digital music is effectively like owning the old school record press plate masters, not the copies used to produce records, the actual masters.

it seems from this thread that a lot of people need to get over there dated understanding of things digital as not being "real".
  • 1 4
 @boozed: blockchain allows for less friction in the currency markets. Have you ever moved a decent sum of money around? it takes forever... try selling a house, buying a house, paying off everyone involved... it takes weeks for funds to move around. Why? antiquated systems, inefficient checks and balances and a whole bunch of hands dipping into the pot along the way.
  • 3 1
 @pourquois-pas: Exactly. Every system that touches our money makes money from it and deprives us from doing so.
  • 6 0
 @pourquois-pas: where do you have you money that it takes weeks to move around? I agree that the current system isn’t the most efficient but saying it takes ‘weeks’ to get the money in order to buy or sell a house is quite an exaggeration.
  • 1 0
 @pink505: How about You do You.
  • 2 0
 @Lloydmeister: and the museum can charge you to enter otherwise you dont get to see the mona lisa unless the nft is an unreleased peice its impossible to regulate who has copies of it
  • 2 0
 @jfry: clearly the solution is to get rid of canada
  • 1 0
 blockchain will run everything you do and interact with in life, silly no its progress
  • 2 1
 Would you say the same if you would have spent 10 USD on it in July 2010?
  • 6 1
 @pourquois-pas: "try selling a house, buying a house, paying off everyone involved... it takes weeks for funds to move around. Why?"

Because legislation requires them to.

You "it's about the tech!" guys are so precious. It was never about the tech. It's always been about "number go up!"
  • 1 0
 @daugherd: To me it shows things are going the wrong way : This whole NFT thing should make us realize how stupid things have become with real world art and collectibles. Or more generally how money is disconnected from "real value". So we should back up in the real world and stop wasting money, but instead we're thinking hard to implement in virtual world the same stupid things as we're already doing for real.
Of course we can't prevent each and every form of irrationality, but if we all were a bit more down to earth, bit more human, we'd think about it more often and control ourselves. When the average family makes about 30000€/year and some painting get sold for 100.000.000€

As someone who tried to get some work in the bike industry as a CG artist but didn't make a dime, this article is particularly "ironic".
I got contacted by one of those NFT thing to copyright my pictures. I wouldn't even understand the point. I was like "what ? It's just a render, it's the work that has value, the years of practice, the software knowledge, the design skills, not the render ?!". And then the crypto art started going crazy :p
  • 5 0
 @pourquois-pas: Quite the opposite is true. Block chain is simple 50+ year old computer science. The application as a means of transactional currency ledger is really the only novel thing about it. There is a reason we use databases, not block chains for most things. That's not even mentioning the horrible environmental impact of proof of work.
  • 1 0
 Agreed about worst invention. It gave one huge benefit in my opinion...currency not tied to or controlled by a govt entity. However, it has opened a gateway to have new cryptocurrencies created by national or worldwide govt entities which will allow them to seize more power over your lives, financial situation, purchasing decisions, payroll, etc, it just hasn't happened YET. Its funny now, but it won't be for long.
  • 4 0
 @thustlewhumber: I've always thought modern art is just a front for money laundering, why on earth else would someone pay $2.5mil etc for some stupid dot or splash on a canvas.... its money laundering
  • 1 2
 @sino428: It takes 5 days to move funds from a bank to an online investment platform.

My good friend just sold a house and built another after buying land, so 3 transactions involved, and three lawyers offices, and three banks. It took 10 days from the initial payment until he had the proceeds sent to his account.

I actually am very skeptical of crypto as a currency. Not too fond of the Winklevoss' controlling global currency. But I do hope it disrupts the financial system to a degree that makes it more consumer friendly and efficient.
  • 1 0
 @boozed: regardless, given the speed of the economy these days the financial institutions need to catch up. regardless of why they're currently slow.
  • 1 0
 DTC bikes companies and (nearly) free equities trading platforms have benefited the consumer. Hopefully some long term good will come from this as well. "Why not?"
  • 1 1
 My gf's dad sent her some money a month ago. We had to go to Walmart, stand/wait in line, and deal with a human to receive the money. While standing there I thought if he would have just bought some LTC, sent it to her wallet, it would have been faster, cheaper, and we wouldn't need to leave the house!

Now there's other ways that are better as well, I just thought that it was a real painful way of doing things compared to via LTC etc.
  • 1 0
 @pourquois-pas: still doesn’t make any sense. 5 days is not ‘weeks’.
  • 1 0
 @zephxiii: that does sound painful but there are many platform (PayPal, Venmo, cash app, etc) where you can just send someone $usd immediately. No need to buy LTC.
  • 1 0
 @sino428: yeah I know, that's why I mentioned Smile
  • 1 0
 @sino428: jtry reading past the first sentence. Or keep arguing semantics.

Point is it takes a long time to move around money and the key benefit of crypto currency is expedited financial transactions.

There will need to be a balance between frictionless and the current system. Example I gave about the mortgage actually took 3 more weeks that I excluded... because the bank sent the residual proceeds to the wrong customers' account 3x. $385k sent to the wrong person. 3 times. While unimaginably stupid, in a crypto world those transactions are untraceable and it would have been a bigger cluster to sort out.
  • 1 0
 @pourquois-pas: I believe that is the goal of Ripple/XRP.
  • 77 0
 $8500 and it doesn't even come with a 3D rendered pedals!
  • 13 0
 not to mention the crank placement! arg that really gets me more than anything about this lol
  • 2 0
 You can choose your favourite system like that. In the real world I like Time, in NFT I actually prefer Look
  • 1 0
 or bar tape!
  • 2 0
 Or air valves on the rim! Heck, they probably forgot to grease the crank spindle too!
  • 2 0
 Not to mention it is also missing the brake Hoses!!! So if it does get moving it won't stop.
  • 49 10
 Urging the cycling industry to stay away from this ass backwards trend:
earth.org/nfts-environmental-impact
  • 9 26
flag Boondocker390 (May 27, 2021 at 11:48) (Below Threshold)
 This article is garbage, so much so that the article it uses as a source even admits they are just pulling these numbers out of their ass "Even though the total network hashrate can easily be calculated, it is impossible to tell what this means in terms of energy consumption as there is no central register with all active machines (and their exact power consumption). In the past, energy consumption estimates typically included an assumption on what machines were still active and how they were distributed, in order to arrive at a certain number of Watts consumed per Gigahash/sec (GH/s)." It then goes on to claim that crypto miners spend 6 BILLION DOLLARS a year on electricity.
  • 10 1
 @Boondocker390: there are a lot of variables and electricity is obviously much cheaper in different countries. Environmental impact is the same
  • 2 0
 it’s an interesting read.
  • 6 2
 @Boondocker390: current calculated cost to mine 1 BTC is just over $15K. This is more than just electricity since CPU/network costs much be factored in as well, but there is some basis in reality if you multiply this by the number of different cryptos and coins minted. Doubt the author went to the trouble of actually calculating this, but the data is there to extrapolate.
  • 8 2
 There is still a tremendous environmental cost to most electric endeavors. I am going to drive my rather inefficient internal combustion engine for another 300,000 (shooting for 750k but we'll see..) miles and I already have the replacement motor waiting. It's sometimes fun to remind smug Tesla drivers that they are basically driving a computer for which there is zero resale/secondary market. You cannot buy a used Tesla or parts. It will become e-waste when the software can no longer be upgraded. I know someone who recently paid $5000 for a Tesla software upgrade to get from 175 miles per charge to 300. I wonder what they'll come up with to do with all the dead EV carcasses and batteries.....

Tesla has always said it's not a car company, but a software company.
  • 36 0
 So if a person was to have a smoke while eating some kind of mushroom, is that fungible tokin'?
  • 36 1
 Cant own it? Just downloaded it. So I technically pirated it? Great, I'm now a frickin pirate. Call me Long John.
  • 5 1
 Nah you're good, none of this is recognised by any legal authority.
  • 5 0
 Aye Captain Long John NoPlaceLikeLoam
  • 4 0
 @rustiegrizwold: Yo ho ho and a bottle of rum
  • 1 0
 Friggin in the riggin!
  • 29 1
 I guess that's one way to keep selling stuff when you can't manufacture enough to meet demand. Yeti should do a run of SB165 NFTs. I'll buy one in XL. Sure, maybe it'll cost more and I can't actually ride it, but at least it'll be in stock.
  • 22 1
 Welcome to 2021, where a 3D rendering of a bike can sell for more than the actual bike, paid for with crypto
  • 5 0
 It's called peak market 0 hold on! Collectibles are usually the last to rise in value and the first to crash. Hockey Cards are insane right now. Memorabilia in general is flying high, right around 2007-8 prices and we all know what came next back then...
  • 6 0
 It worked for sick bicycles
  • 1 0
 @pourquois-pas: what really? I got a complete set of 78 79 Topps.
  • 1 0
 @Lemmyschild: Yep. 3x-4x ytd on some big names.
  • 19 0
 You know Levy's brain is in overdrive right now creating a 3D rendering of special edition Grim Donut V2.
  • 16 4
 I have a unicycle for sale if anyone is interested www.pinkbike.com/u/dolores/album/NFT-BuySell
  • 13 2
 Don't put too much stock in to the actual worth of NFTs. Most of it seems to be related to money laundering.
  • 6 1
 Oh oh ohhhh. It all makes so much sense now
  • 15 1
 Exactly. Just like people who collect real art.
  • 2 0
 So its like collecting everything else then?
  • 12 0
 Was only thing in stock…
  • 2 0
 ^Scrolled down for this Smile
  • 8 0
 Aside from all the obvious irritations brought up by this business, the thing that really gets me is that it isn't even a very good rendering. The quality looks about the same as the kind of rough first-pass I'd do to check basic setup parameters before actually getting on with the real work of making it look realistic.
  • 10 0
 Does this mean I can buy the first PB user comment of someone saying it looks like a Session? That's got to be worth a LOT of money and it's only going to increase in value
  • 5 0
 Waki's first post.
  • 9 3
 This is all a reflection of an overly affluent, bored, petty society. NFT = No F...ing Thanks. Kinda glad I'll be shuffle's off this mortal coil in the not too distant future. Meanwhile, work hard; ride harder — on an actual bike.
  • 7 1
 "Is buying a 3D rendering of a frame for $8,592 proof that humanity is doomed?"

That's not even it. You're buying a piece of (imaginary) paper that says you own it, but which no legal authority recognises.

I could (attempt to) sell an NFT for the Mona Lisa but that doesn't make it mine or the buyer's.
  • 3 0
 No you can’t. Because the Mona Lisa is a real painting. This stuff is stupid but no dumber than paying for a autograph or some kind of other sports memorabilia. None of it has no real use or practice value other than what done one is willing to pay for it.
  • 1 0
 ya. people just agree to exchange currency
  • 1 0
 @sino428: It is dumber than paying for a (real) autograph. Anybody can own EXACTLY (i.e. bit-perfect) the same image that this chump has bought for free, whereas any reproduction of an autograph through scanning etc. will not be exactly the same item.
  • 2 0
 @Mayzei: But its not the same. Because the reproductions are not the original. The whole idea of an autographed item is that its authentic, its different than say just a baseball you can but off the shelf. This is no different. Its just a digital authentication from the artist saying you have the original, not a copy. That's what adds the value, no different than an autograph. Its not about whether you have the exact same file, its about having the original. You can buy copies of art that are indistinguishable from their originals but they don't have the same value.

Again, I think all this collectable stuff for the most part is stupid. But you can't shit on NFTs and but say stuff like autographs, or game used memorabilia, etc aren't just as dumb.
  • 11 2
 I just took a screenshot of it. The NFT is mine now
  • 8 0
 I'm holding out for the eNFT version.
  • 5 1
 Here's me trying to be eco friendly by replacing light bulbs with LED ones and then someone uses probably enough energy to power my home for the next 5 years to buy a picture of a bike. Someday we'll stop using resources for stupid useless stuff. Let's hope that day isn't the last day.
  • 8 0
 Buying fake things with made up money.
  • 1 0
 Sadly, if you're like me and get paid in dollars for your time at work it has essentially been made up money for several decades now. I'm not sure an argument can be made that it is any better/different than crypto except that I can start campfires with it or sew it into a coat if necessary. Its just as whimsical if not more. Trillions were just created out of thin air and more is magically printed every year. There is a system in place to reassure dollar holders that they're not being taken advantage of even when they are...Maybe thats the real difference.
  • 8 0
 Joke's on them, I screenshotted it
  • 3 0
 Looking up wETH and it still doesn't make any sense.

weth.io

WETH (WETH) is a cryptocurrency and operates on the Ethereum platform. WETH has a current supply of 1,153,916.966737 with 0 in circulation.

I guess anyone can make a cryptocurrency? Is that the power to the people?
  • 4 6
 Yep you can, I knew some middle school students who made their own “bogo coin”, which properly worked as a currency.

It’s all bullshit compared to cash.
  • 2 0
 FROM GOOGLE: "Wrapped ETH, or WETH, is a token that represents Ether 1:1 and conforms to the ERC20 token standard. ... ETH does not adhere to ERC20 standards and cannot be traded directly in a decentralized environment. WETH is an ERC20 token that stays in your wallet throughout trading."

I think 3.2 wETH is about $9.000

-oops I went straight to the comments. it's in the article.
  • 4 0
 Nfts. Are great way to fake worth so you can declare a loss on your taxes as you donate to it someplace ,,, Just a tax scheme. Makes sense. These Bitcoin guys need to report some losses so they can get some tax breaks
  • 8 1
 Young CEO
  • 6 0
 What the actual Dick Pound
  • 4 2
 Summer of 2019 I went to Hawaii for the first time in my 51 years of life. Then came COVID, US politics, murder hornets, masks, rushed vaccines, the government bribing people to get those vaccines and now this article...... Yep, the plane went down on the way home and I'm in some sort of purgatory and you are all just figments of my imagination.
  • 8 0
 If we are all living in your imagination, can you please imagine that bikes and parts from now on is all instock ;p
  • 1 0
 @JanB: LOL!!! I'm on it now.
  • 5 0
 Where's the huck to flat?
  • 2 0
 This is the only comment here worth reading.
  • 4 0
 Hard to tell if it is worth it. If it is one of these counterfeit Colnago frames from AliExpress then I'll pass.
  • 5 0
 It's proof money laundering is legal.
  • 1 0
 only difference between legal and illegal transactions is who does them and how many politicians they own
  • 5 0
 Even Blind Freddy can see that NFTs are just money laundering.
  • 2 1
 If there is one place in the whole freakin universe that i would like to be able to go to and not have to come across anything NFT or blockchain related it would be here on pinkbike .... oh well. Crypto is like an ooooze slowly infiltrating every facet of life .... wonderful stuff ... most people already own some and don't even know it. If you hold any S&P 500 ETF in your retirement funds you also own bitcoin through Tesla being in the S&P 500. Anyways, let me get back to scrolling through bike related stuff ...
  • 2 1
 Kind of a stretch to say you ‘own’ Bitcoin if you invest in an S&P ETF. Tesla is only about 1.5% of the S&P. And Tesla itself only owns about $1.5B in Bitcoin while it’s market cap is over $600 billion. Your actual exposure to bitcoin through an S&P index fund basically nothing. Bitcoin could go to $0 and the change in value of your investment would not even be noticeable.
  • 1 0
 @sino428: Yes you are right about the level of risk but what i am trying to say is not about the level of risk but rather how bitcoin is slowly creeping into facets of everyday life and people are unaware of this and the fact that they might actually own some. The level of risk is low for the moment through the index funds but it will slowly increase if the trend continues. just food for thought.
  • 2 0
 Someone should by a frame and have it painted exactly the same with a few slight differences to get around copyright and auction it off for charity, just to highlight how ridiculous this is all getting?
  • 1 0
 Blockchain projects are dumb because the vast amount of energy they consume (still majority fossil) doesn't turn raw materials into tangible goods as in the trad economy, but rather to... do cryptographic maths to produce unregulated currencies and COAs? I.e. no real wealth and no infrastructure are generated. Until it's completely off of fossil energy (and preferably not on hydroelectric), it's a scam that's literally lighting the world on fire.
  • 4 1
 i can just screen shot it and boom i now have that picture. didnt need 2000 dollars for it
  • 2 0
 So You're saying that my knowledge in Catia/Inventor and other fancy CAD programms, can make REAL money?

Ok... I'm listening!

Wat to go, Rich Interwebers
  • 3 2
 WTF is wrong with the world? We have an insanely clever system where everyone is connected to everyone globally, and it can be put to so many good uses, yet its primary use is inane social media and shite like this.
  • 2 0
 Well, a computer made image was bought with computer generated "money". I guess that makes sense, but it is still complete bull shit.
  • 1 0
 I would rather just buy the real bike and keep it in my living room as art.for 2300 less...unless you plan to flip the NFT for a profit I don't get it....I have thousands of pictures on my computer that rarely get looked at
  • 5 1
 What the flying f*ck?
  • 3 0
 Real question is: Does it have tire inserts?
  • 4 2
 Ever hear of a "slippery slope"? I bet you have and this sounds like one of them.
  • 2 0
 Champery is a slippery slope too and that looks like great fun. I'm in.
  • 2 0
 so the images stored in my brain, that only I have ever seen, most be worth billions!
  • 3 0
 Why have a bike, when you could have a PICTURE of the bike?
  • 1 0
 I think plenty of people are in that situation right now... Some of them even put real money down.
  • 2 0
 IF humanity is doomed trough cryptocurrency this thing will be worthless anyways,no matter its rendered or real
  • 3 0
 The hell is wrong with the world
  • 3 0
 Just when we thought e-bikes couldn’t get any worse...
  • 3 0
 right click mouse>>>SAVE IMAGE AS>>>>DONE
  • 2 0
 Humans are you stupid?
Us: Sure look at this f*cking digital bike owned by a Saudi king who didn't ride all his life.
  • 3 0
 This alone proves human idiocy!
  • 1 0
 You’d be really crazy or stupid rich to buy nothing. I just printed this and put it in my shower to get wet so I can watch the ink run down the drain
  • 8 6
 And the buyer is a dentist
  • 18 0
 You don't mind if I use this joke in another thread do you you?
  • 4 3
 Outside of bike as a topic, I didnt even know NFTs were a thing. WTF indeed
  • 4 3
 Just copy/pasted the image. It's mine now too. For free... It's all smoke and mirrors folks, smoke and mirrors.
  • 1 0
 IMHO that is ok, people pay shit ton of money for ‘canned shit’ pictures that being draw by dolphins etc
  • 3 0
 Already sold out
  • 1 0
 So I’m selling my bike.... comes complete in NFT. Let’s start the bid at 5k usd
  • 1 0
 Considering there's no more real life bikes available to buy, I suppose cyber-bikes are my best option?
  • 1 0
 Yeah, not for me, thx. Not into blasting my eyeballs every time I look at my ride…
  • 2 0
 Bikes are so out of stock that 3D designs are selling for higher prices.
  • 1 0
 “GUYS LOOK AT WHAT I BOUGHT FOR $8k!!” -“what is it..?”
“..THIS PICTURE ON MY PHONE..!”
  • 1 0
 PinkBike explaining NFTs and barbershop conversations about the "best" cryptos to buy. The end is near...
  • 1 0
 In this particular case, does NFT stand for No F#$@ing Taste?

Pick a colour (or two?)!!
  • 1 0
 If you decide to sell this thread, I'm interested in purchasing the NFT!
  • 1 0
 can anyone see valves for the inner tubes? how do you pump the tyres up?
  • 5 4
 Tulips, tulips, I see tulips everywhere.
  • 2 0
 To each is their own.
  • 2 0
 More money than sense...
  • 2 1
 what stops me from taking a screenshot of the bike and scamming someone?
  • 4 1
 That's the whole point of the blockchain and NFTs. Anyone educated enough can easily figure out the source, transaction history, etc..
  • 3 0
 We accurately know the source and transaction history of this awful pictures but we also know about 1000 people own screenshots of it but jokes on them!
  • 1 1
 Nothing
  • 2 0
 Well thats stupid
  • 2 1
 What's worse than me yammering on about covid restrictions? Crypto people
  • 1 2
 Yep, those are right up there with E-bike evangelists, Vegans, and Straight Edgers .
  • 1 1
 Straight edge vegans: Minding their own business, not on a mountain bike website.

@suspended-flesh: Catch this stray.
  • 1 1
 @cyclecuse:

Point being that they never miss an oppo to alert you to their status as such. I fux wit them - but you know it's true.
  • 1 1
 @cyclecuse:

"@suspended-flesh: Catch this stray."

Don't net bang or I'll sock-check you in public.
  • 1 0
 WGAF... but I love Colnagos!!
  • 1 0
 I don't understand anymore
  • 5 4
 We.Are.Doomed.
  • 2 0
 Beep bop beep bop We're all gonna die!
  • 2 2
 Ridicilous
  • 4 4
 Mung beans







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