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I think art is as much about status as it is about enjoyment, if not more. Spending big bucks on NFTs buys you a status of a fool IMO but depends on the crowd I
by reader_mode 6y ago
I think art is as much about status as it is about enjoyment, if not more. Spending big bucks on NFTs buys you a status of a fool IMO but depends on the crowd I guess.
At the end of the day I suspect both are ripe for money laundering schemes
- rawtxapp 6y ago> I think art is as much about status as it is about enjoyment, if not more. Which is exactly my point, to you, they are fools, to them, it all makes sense.
- reader_mode 6y agoBut who is them ? Art is accepted as a high class thing pretty universally. Do NFTs really compare ?
- jackstraw14 6y agoAmazing how almost all the commenters in every HN post about NFTs completely miss this aspect of art collecting and complain that "it's not art" or "it's pointless". With these NFTs, it's all about flipping them for a profit which will buy them whatever status they want. Just take a look at the transaction history of any NFT going around on OpenSea. Here's an example of an NFT selling for 30ETH (~$50,000) just three days after it was bought for 1ETH (~$1690). Not affiliated with CyberKongz. https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/73424079983647210902572285069973579475843508985221180214989722809634706685953 https://opensea.io/assets/0x495f947276749ce646f68ac8c2484200...