4 ms·
This seems like another high level money laundering method for the rich (i.e. attributing insane value to essentially worthless things)
by umvi 6y ago
This seems like another high level money laundering method for the rich (i.e. attributing insane value to essentially worthless things)
- dgritsko 6y agoOr just a speculative bubble. I can't help being reminded of Tulip mania[1] every time I read about NFTs. [1]: https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Tulip_mania
- twox2 6y agoNot everything NFT related is speculative. Use cases include things like gaming as well. Also, the majority of NFT sales are not these insane sums. A lot are happening in the $10-$200 range and it's a way for people with money to spend to support artists they like, akin to Patreon.
- godelzilla 6y agoMaybe, but the same is true of money, stocks, etc. Attributing insane value to essentially worthless things is a major foundation of the economy.