3 ms·
NFT koolaid: "NFTs are scarce therefore valuable" Me: Ctrl+C Ctrl+V NFT koolaid (real comment): "Using your argument, original Warhol screenprints are also wo
by treelovinhippie 6y ago
NFT koolaid: "NFTs are scarce therefore valuable"
Me: Ctrl+C Ctrl+V
NFT koolaid (real comment): "Using your argument, original Warhol screenprints are also worthless."
There's that sunk cost Godin is hinting at.
- treelovinhippie 6y agoThe scarcity===value justification of NFTs is ridiculous. The only way to make digital artefacts "scarce" would be to never render them to pixels. You can't make a perfect copy of the Mona Lisa, but you can make a perfect copy of any digital NFT every single time. And thus the only way nyan cat can be worth $600k is a hyper-DRM dystopia where everyone gets sued for sharing it.