4 ms·
Yeah, this whole thing is absurd. Using your millions to start a new business? meh
by jslaby 5y ago
Yeah, this whole thing is absurd. Using your millions to start a new business? meh
- TrainedMonkey 5y agoThere are two alternatives here: a. This is art, in which case this is maybe ok? b. This is not art and people buy NFTs only with expectation that it will go up... In other words pure speculation. I think majority of the NFTs are b, but people pretend it's a for complex reasons. The rest of NFTs are jokes/memes.
- donmcronald 5y agoc. Money laundering. d. Capital flight.
- snarf21 5y agoe. ponzi scheme (there can't be speculation because there is no scarcity from which to create a true market. It isn't like Babe Ruth's jersey, this is a picture of a tree that Babe Ruth looked at once.)
- Applejinx 5y agoIt's the idea of a picture of a tree that a Hacker News poster used as a metaphor one day. If you can define it as a concept, you can sell crypto 'of it'. Doesn't matter if it was your tree idea metaphor: I can sell crypto of your idea of a tree of a metaphor, if and only if I can get people to do such a silly thing along with me for the purpose of manipulating the IDEA of the idea of a tree of a metaphor, as money. Makes perfect sense that the sillier it is, the more it works.