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Some people are spending huge amounts of money to claim they hold a wholly theoretical form of "ownership" over art that at best could be a sticker on a kids la
by nr2x 5y ago
Some people are spending huge amounts of money to claim they hold a wholly theoretical form of "ownership" over art that at best could be a sticker on a kids laptop.
Other people think that's insane.
They aren't equally right.
- nyokodo 5y ago> that at best could be a sticker Case in point. Some people collect stickers. I don’t but I’m not going to take every opportunity to obnoxiously point that out every time sticker collection comes up.
- nr2x 5y agoShow me who is spending $1M on a sticker thinking they'll double the money?
- nyokodo 5y agoPlenty of other things have been the subjects of irrational exuberance that are fundamentally fine. No one is arguing tulips or houses are ipso facto nonsense. $1M for an NFT is more of a symptom of insane/desperate global monetary policy but NFTs per se are fine.
- perrylaj 5y agoDo stamp collectors qualify?
- nr2x 5y agoIf they think stamp collecting is a way to get rich quick, sure. But I think passion for the topic is the driver. That and actual scarcity behind the asset, as opposed to Ponzi scheme.
- erulabs 5y agoI think they are equally right, honestly. But between you and those people, you’re not equally condescending.
- nr2x 5y agoOh I wasn't trying to be condescending, I actually hold people hawking NFT to suckers in deep, deep contempt.