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Most people's response when someone explains what NFTs are is "It can't be that stupid, you must be explaining it wrong." But really, they're not that differen
by jandrese 6y ago
Most people's response when someone explains what NFTs are is "It can't be that stupid, you must be explaining it wrong."
But really, they're not that different than any other asset. They have value for as long as someone is willing to pay for them. Gold works the same way, except that if you can't find a buyer for your gold you can make jewelry or electronics connectors with it instead. With a NFT if there is no buyer then you have absolutely nothing.
- deleted 6y ago[deleted]
- PurpleFoxy 6y agoThis is an emperor has no clothes situation. No one wants to point out the whole thing is stupid and a borderline scam because they fear or believe that they might be seen a stupid or are stupid for not understanding something everyone else does. No, as it turns out, it was just another crypto scam