For anyone with any interest in this space (NFT's), please listen to this 7 minute audio that I posted on a different thread in Sept of last year https://pomp.substack.com/p/the-next-big-bet-digital-art
Isn't this already years old? 1 or 2 years ago sec even commented on those if I remember correctly. Back then NFTs were issued for future subscriptions and store gifts and other obscure stuff.
You will go into the digital records as one of the greatest digital tools when the digital cleaner is done with all this junk. I will then happily show you my big digital middle finger.
The bottom line question is, why should a NFT be valuable economically, logically or psychologically speaking? Well, the short answer is, they shouldn't. Sure anything is worth as much as someone is willing to pay for it, but that doesn't mean you are not in a huge bubble economy/ hype and you are overpaying for shit. https://www.bbc.com/news/technology-56371912#16162650283532&{"sender":"offer-0-VYnmA","displayMode":"inline","recipient":"opener","event":"resize","params":{"height":80,"iframeId":"offer-0-VYnmA"}} Is this just a bubble? A day before his record-breaking auction, Beeple - whose real name is Mike Winkelmann - told the BBC: "I actually do think there will be a bubble, to be quite honest. "And I think we could be in that bubble right now." Many are even more sceptical. David Gerard, author of Attack of the 50-foot Blockchain, said he saw NFTs as buying "official collectables", similar to trading cards. "There are some artists absolutely making bank on this stuff... it's just that you probably won't," he warned. The people actually selling the NFTs are "crypto-grifters", he said. "The same guys who've always been at it, trying to come up with a new form of worthless magic bean that they can sell for money." Former Christie's auctioneer Charles Allsopp said the concept of buying NFTs made "no sense". "The idea of buying something which isn't there is just strange," he told the BBC. "I think people who invest in it are slight mugs, but I hope they don't lose their money." --------------------------------- I disagree. NFTs are perfect vehicles for money laundering.
Of course these things are gonna get super popular. No intrinsic value, nearly nil carry, and super easy transactions: NFTs are perfect digital assets for Money Laundering. https://www.nasdaq.com/articles/fin...r-sights-alter-wording-around-nfts-2021-03-20 http://www.digitaljournal.com/tech-...ws-and-sleaze-factors-emerging/article/586988
Is this thread now more valuable? https://www.theverge.com/2021/3/22/...d-first-tweet-ethereum-cryptocurrency-twitter