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It was obvious from the start that all this NFT market is pure nonsense, but it is nice that someone takes time to clearly explain why. Maybe it'll save some in
by Andrew_nenakhov 5y ago
It was obvious from the start that all this NFT market is pure nonsense, but it is nice that someone takes time to clearly explain why. Maybe it'll save some innocent souls from losing their money.
- vertis 5y agoThe maxim "The market can stay irrational longer than you can stay solvent" applies (sort of). Just because it's nonsense doesn't mean that a bunch of people aren't going to make significant amounts of money before it fades away.
- UncleMeat 5y agoOf course. And a lot of people will lose a lot of money. And it is tricky to ensure you are in the former group.
- Andrew_nenakhov 5y agoThat bunch of people is not going to make significant amounts of money, they will take significant amounts of money from other people, giving nothing in return. I believe that in English language fraud is an appropriate word for such enterprises.