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[Music] I know, it’s only rock and non-fungible tokens, but I like it......



Herr Tubthumper

Well-known member
NSC Patron
Jul 11, 2003
59,574
The Fatherland
NFTs themselves are not a scam, they will become a hugely important concept in finance and asset ownership in future (imagine being about to own a fraction of a property the otherside of the world and trade it independently of banks and brokerages).
the current use of NFT is low hanging fruit, silly memes and gifs tagged as NFTs to create phantom value. there's not point to this, could just down load the album from a onetime code emailled to you.
also worth noting the systems for NFT do not need lots of energy like bitcoin does, the use different protocols that are energy efficient.

To use the player card example, one could argue that the physical trading player card has no point.....after all aren’t they just pieces of card yet some are worth thousands.
 






Badger

NOT the Honey Badger
NSC Patron
May 8, 2007
12,781
Toronto
Kings of Leon - the worst, most overrated band of recent years.
 


beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,310
To use the player card example, one could argue that the physical trading player card has no point.....after all aren’t they just pieces of card yet some are worth thousands.

certainly direct comparison. im cynical because people are creating the NFTs with the purpose of being valuable rather than becoming collectable organically. people are buying them, for bonkers money, because they think they'll be worth bonkers x10 next month.
 






beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,310
a good example of silliness, apparently Jack Dorsey is selling an NFT of the first tweet. thats something you can read and see online already, making an NFT adds nothing.

current bid is $600k :nono:
 


Herr Tubthumper

Well-known member
NSC Patron
Jul 11, 2003
59,574
The Fatherland
a good example of silliness, apparently Jack Dorsey is selling an NFT of the first tweet. thats something you can read and see online already, making an NFT adds nothing.

current bid is $600k :nono:

Apart from 600k obvs
 


Albion Dan

Banned
Jul 8, 2003
11,125
Peckham
NFTs are going to get huge, then collapse in value big time imo. Guess the question is do you invest and try and get out near the top?
 




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