3 ms·
Think of them as creative gambling devices.
by mustafa_pasi 6y ago
Think of them as creative gambling devices.
- Applejinx 6y agoI think of them as the canonical infinite of fiat currency. More than any other thing, they are ONLY the value of 'getting everyone to agree they are this value'. It's beyond meaningless, but there's a fundamental nature to what it is: a pure power play. You might as well go, 'I have eleventy billion dollars, prove me wrong' and save a heck of a lot of energy. It will all come down to how many weapons you can bring to bear, regardless.
- dfhjgkljhf44 6y ago>...they are ONLY the value of 'getting everyone to agree they are this value'. This is true of all kinds of tokens. The real takeaway is that cryptocurrencies are now so valuable that there are a plurality of individuals with over $100M, no taste, and no sense. This is a result of massive flows of money into the space. Fungible tokens are trivial replacements for large swaths of any financial system. There are great things going on adjacent to this sideshow.
- rout39574 6y agoMoney laundering. It's the art market, digitized.
- ackbar03 6y agoThis is actually The best perspective I've come across on NFTs so far. Looking at it from this framework suddenly it makes more sense to me how something like this could potentially survive