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I don't like NFTs but your comment triggered a counter argument in my head. People buy and collect all kinds of worthless tuff. I know several people that spen
by asiachick 6y ago
I don't like NFTs but your comment triggered a counter argument in my head.
People buy and collect all kinds of worthless tuff. I know several people that spent between $3k and $10k on Magic the Gathering cards. From a non-player's perspective it's ridiculous. The cards are worthless and you could just print out images of the cards on a printer or copy machine if all you cared about was playing the game itself.
And yet people do it.
Is a NFT really any different? Is it wrong for people to spend their money on whatever they want?
- bradleyjg 6y agoWizards of the Coast are making a game. I don’t doubt that the secondary market eventually changed how they operated but at base, they are a game company. That’s ethically different from someone that sets out to create a Ponzi scheme.
- ilikehurdles 6y agoI don’t think anyone will disagree that money will be made by keen NFT creators and collectors, much like money is made by anyone peddling collectibles. The part of the argument where I depart is when proponents argue that this is somehow a transformative technology. It’s digital baseball cards and pet rocks, “but crypto”. I also remain convinced that NFTs are a fad in their current iteration. To use a rough analogy, NFTs are taking the record store into crypto when the future lies in building Spotify/Netflix in crypto.
- pmlnr 6y agoCollecting is fine, buying is fine - as long as the goal is not bragging. The problem is bragging.