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I think they are dumb. But, people are getting more and more used to having a lot less physical things. Maybe the truth is they don't really care about the thin
by xrd 6y ago
I think they are dumb. But, people are getting more and more used to having a lot less physical things. Maybe the truth is they don't really care about the thing itself, but the feeling they are special because they hold it, and others don't. For that reason, maybe NFTs are going to be valuable. I didn't say, intentionally, they will be useful, just valuable. Value is in the eye of the beholder.
- meheleventyone 6y agoThings don’t need a coherent reason to be thought valuable like “feeling special” they can be thought of as valuable just because everyone else thinks of them that way. The problem is that a sudden lack of confidence causes valuable things without backing to collapse in value. Tulips and every other bubble that collapsed ever. That we’re seeing NFTs trading well isn’t an indication that it’s the art behind them that matters rather than the popular view of it as an asset.