[Discussion] Cryptocurrency

Cryptocurrency! Either it's going to disrupt everything and usher in a new era of artistic and consumer freedom, or it'll hasten the climate apocalypse while largely benefitting a tiny number of investors. Let's yell about it!

Someday in the not too distant future, the height of fashion trendiness will be wireless displays hanging from clothing (or piercings) that cycle through famous NFTs which were picked up for pennies after The Crash…

Robear wrote:

Depends. Can the house appreciate 10x in value in a month?

Pretty sure that short of them burning down houses can't *depreciate* 10X in value in a month, either. NFTs not so much.

Stengah wrote:

You just get the ability to prove that you own the original. Like Robear said, that only really matters for the small group of people who would actually care. You can't do anything like destroy it or alter it, like you could with a physical original though. You're only options are to continue to own it or to sell it.
It reminds me a lot of the star naming scam, where you get a fancy certificate that no one else cares about.

Except you don’t actually own the original, only what is essentially a receipt saying you own it, and should the company that created the NFT for you ever go out of business or disappear your copy of the artwork vanishes when their servers go down and you’re stuck with a hyperlink on the blockchain that points nowhere.

Follow https://twitter.com/davidgerard and see what the entire crypto scam industry is made of.

The NFT price is built out of:

Person A buys for $10000
A sells to B for $50000
B sells to C for $100000
C sells to D for $50000 (Bargain!!!)

A, B and C are the same entity.

I can't believe people are talking this much about money for superman's dog. Silly just silly.

Baron Of Hell wrote:

I can't believe people are talking this much about money for superman's dog. Silly just silly.

It's a good dog, Baron.