4 ms·
In an earlier thread about this event [1] a common conclusion was that the only thing NFTs were good for was money laundering. [1] https://news.ycombinator.com
by garbagetime 6y ago
In an earlier thread about this event [1] a common conclusion was that the only thing NFTs were good for was money laundering.
[1] https://news.ycombinator.com/item?id=26365579 https://news.ycombinator.com/item?id=26365579
- NiceWayToDoIT 6y agoOk but what the fork is Jack Dorsey laundering, he does not have enough money already?! Can you use someone else property and put it for a bid as NFT for that same purpose?
- qqii 6y agoJack Dorsey is likely not using this to launder money. If Jack Dorsey were to sell a signed piece of his own painting I doubt you'd be thinking the same thing. NFTs are good at laundering money not becuase they are NFTs but because they are ART, their cost intangible and non physical.
- qqii 6y agoNFTs are good at laundering money not becuase they are NFTs but because they (most) are art - it's easy to launder money when the value of something can't be concretely measured. As an example if there was a limited run NFT that could be traded for 1 month of runescape membership ($10.99), it wouldn't be very easy to use it to launder money as you couldn't easily write off as an unrelated party purchasing it for $1099.