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Very similar story here.. I had a few party hats in Runescape which made the whole NFT thing and to a lesser extent Bitcoin so much easier to understand.
by jonathan-adly 5y ago
Very similar story here.. I had a few party hats in Runescape which made the whole NFT thing and to a lesser extent Bitcoin so much easier to understand.
- jayd16 5y agoI still don't get it. We already sold digital assets so why do we need NFTs or Blockchain? What does it add here?
- KarlKemp 5y agoYou need NFTs to have something to trade with your cryptocurrencies. And you need cryptocurrencies to trade NFTs.
- jamiek88 5y agoYeah. It’s for those don’t wanna buy drugs.
- jonathan-adly 5y agoParty hats served no purpose whatsoever in the game except as a status symbol (arguably even!). Yet, was worth a lot of money in the game (and a god sum in real life for a high schooler) Humans are emotional animals, utility is a very poor approximation of value.
- wyre 5y agoNFTs are the equivalent of decentralized RS party hats.
- rtkwe 5y agoExcept instead of a fixed (or decreasing as people slowly accidentally lose or leave the game with them in their bank) amount anyone can make a new (ugly as hell) party hat any time. Oh and the party hat could just disappear leaving you with a receipt saying you own... something no one can see any more.
- smolder 5y agoA somewhat hard to erase record of which url "belongs" to whom. That, and it gives them the appearance of having some high tech magical properties that will lead to an explosion in value, helping to justify asking prices to the marks.