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I don't understand the outrage/surprise. This is just people laundering some money. Nothing more. It happens in the art world as well. It's not random joe pay
by rybosworld 6y ago
I don't understand the outrage/surprise.
This is just people laundering some money. Nothing more. It happens in the art world as well.
It's not random joe paying for a meme in hopes they can sell it for more (okay, maybe there is some tiny percentage of NFT's where this is true). But the majority is money laundering. Occam's razor.
- qqii 6y agoNFTs, like art are a good medium to launder money but, like art this does not mean every NFT sale is laundering money. I went over this idea in some detail in a previous comment but NFTs are no better at laundering money than mixers like tornado.cash. In brief you still need an on ramp and off ramp. In this case the creator would have to be involved as since the auction there haven't been any offers or a listing.