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The fact not a single person can explain it in simple terms to me is a huge red flag on its own.
by junon 6y ago
The fact not a single person can explain it in simple terms to me is a huge red flag on its own.
- teraflop 6y agoThe technology isn't complicated, if you already know what a cryptocurrency is. An NFT is a "bespoke" currency that anyone can create, each instance of which has a single indivisible "coin" with an embedded URL that points to some kind of content. This coin can be traded, bought or sold for other kinds of currencies. The baffling part is that people are willing to pay thousands or even millions of dollars for these things.
- EMM_386 6y agoBeeple was just on a US Sunday morning political talk show "explaining" it. One of his examples was that you can now go to an electronic dance festival, record it, and sell that as an NFT. The fact that his NFT was sold to a business partner, this seems like a classic pump and dump. Hyping anything and everything NFT to pump blockchain tokens.
- Adrig 6y agoIt's the Steam community market but on blockchain. It's a platform that allows everyone to issue proofs of ownership and trade them
- koonsolo 6y agodigital baseball cards