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Buying an NFT is most certainly NOT a scam. People do it because they want to. Or is there an approved list of Internet actions that you can provide us with. A
by hungryforcodes 5y ago
Buying an NFT is most certainly NOT a scam. People do it because they want to. Or is there an approved list of Internet actions that you can provide us with.
Also how is buying an NFT money laundering exactly? Especially if it's done on the blockchain, this seems to be the ultimate in traceability if it's done with ETH, which invariably it will be.
I agree about the monopoly part.
- pwinnski 5y agoPeople buy into all sorts of scams because they want to. That's not the compelling counter-argument you seem to think it is.
- hungryforcodes 5y agoBut just because some random HN person says NFTs are a scam -- doesn't make them a scam. Your counter-counter argument is hardly compelling.
- Randosaurus 5y agoPeople send a certain Nigerian Prince money because they want to, and yet ...
- hungryforcodes 5y agoBut unlike the Nigerian prince -- when people buy an NFT they get what they bought. Or don't you know how they work?
- HideousKojima 5y agoSo they get legal ownership of the artwork the NFT points to? Wait, what do you mean they don't? What do you mean all they get is a legally unenforceable digital hash representing that they "own" it in some nebulous way? What do you mean the actual owner of the art can mint a million NFTs pointing to the same piece of art and sell them all? What do you mean someone who isn't even the actual owner of the art can mint an NFT for it and sell it? This deal is getting worse all the time!
- hungryforcodes 5y agoI enjoy the Lando reference :) But it seems to me you just don't like NFTs. Most people who buy them know exactly what all this is about. If NFTs were "deceptive" in some ways (and of course there are always projects with 10K bot followers that aren't legit),then I'd agree with you. But I think for NFT people, it is what it is.