2 ms·

Its kind of brilliant... Like... what can a super-rich quasi-billionaire / hundreds-millionaire buy to impress their friends? impress someone at a party etc...

Its kind of brilliant... Like... what can a super-rich quasi-billionaire / hundreds-millionaire buy to impress their friends? impress someone at a party etc... You can buy a Lamborghini etc... but now what? all your friends have Lamborghinis, how are you different. You're nothing... unless you buy this virtual pet rock that costs X millions of dollars. And signals you are so F'ing rich you can blast a couple Million on a digital rock. I'm reminded of the business card scene in American Psycho, but with crypto geeks showing each other their 300,000,000$ Crypto punk avatar

908087 5y ago
I don't understand how that would be seen as impressive, though. If anything, I would be embarrassed for and suspicious of a person who spent millions of dollars on something so incredibly stupid for the sole purpose of trying to impress people. Plenty of people in my circle have expensive things, but we don't buy them to impress each other by showing how much we spent on them. We buy them because they're fun to drive/fly/etc, or because we get actual utility out of them. What kind of person would be impressed by someone paying a ridiculous sum of money for the ability to claim they own a pixelated rock image, just for the sake of spending a ridiculous sum of money on it? More importantly, what kind of person would want to be around a person like that at all, let alone spend time and ridiculous sums of money trying to impress them? The way I see it, the "best case scenario" for what is going on with the NFT market is that a lot of incredibly shallow and sad people are making incredibly awkward and embarrassing decisions with money out of desperation to impress other shallow and sad people. The most likely scenario, however, is that it's mostly just money laundering going on (which is somehow less depressing than the former scenario).

908087 5y ago

I don't understand how that would be seen as impressive, though. If anything, I would be embarrassed for and suspicious of a person who spent millions of dollars on something so incredibly stupid for the sole purpose of trying to impress people. Plenty of people in my circle have expensive things, but we don't buy them to impress each other by showing how much we spent on them. We buy them because they're fun to drive/fly/etc, or because we get actual utility out of them. What kind of person would be impressed by someone paying a ridiculous sum of money for the ability to claim they own a pixelated rock image, just for the sake of spending a ridiculous sum of money on it? More importantly, what kind of person would want to be around a person like that at all, let alone spend time and ridiculous sums of money trying to impress them? The way I see it, the "best case scenario" for what is going on with the NFT market is that a lot of incredibly shallow and sad people are making incredibly awkward and embarrassing decisions with money out of desperation to impress other shallow and sad people. The most likely scenario, however, is that it's mostly just money laundering going on (which is somehow less depressing than the former scenario).