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Well purchasing an NFT doesn't really reallocate any resources that would have gone to those things, so I don't think it's a huge issue. They are just transferr
by GhostVII 6y ago
Well purchasing an NFT doesn't really reallocate any resources that would have gone to those things, so I don't think it's a huge issue. They are just transferring money from one person to another, essentially.
- xg15 6y ago> They are just transferring money from one person to another, essentially. That's what "reallocating resources" usually means.
- GhostVII 6y agoI said they are not reallocating resources which would have gone towards those things. Unless the person buying the NFT has a greater chance of spending it on the poor than the person selling it, nothing has really changed as far as our spending on health, housing etc. goes. All money does is decide how we allocate physical resources and labour. If it is just sitting in a bank, or being moved from one person to another, nothing is being taken away from the poor.