4 ms·

You mean their management wants to be paid in FIAT? gasp LOLOL

• aorth 5y ago
  Yeah, can't they get paid in silly cartoon drawings? I'm laughing at the leading graphic in the article showing a screenshot from OpenSea that says you can buy "extraordinary" NFTs. What the hell is so extraordinary about hundreds of slightly different low-quality caricatures of monkeys? This one has a hat. This one is wearing his hat backwards. This one is chewing bubble gum. I don't understand why anyone thinks this is special.
  • spoonjim 5y ago
    Why do people pay lots money for a regular shirt that has a particular logo on it? I don’t know either but I know that if you can make it happen you get rich.
    • Tiktaalik 5y ago
      Those shirts are dumb, but at least there's an explanation: They're typically associated with premium brands that have a long, rich history in the fashion industry (usually by making lots of products that are quite a bit more challenging than the t-shirt). There is no such history with random monkey NFT pictures.
      • spoonjim 5y ago
        The value of the long rich history is just in how much people respect it. There are 20 year old brands more prestigious than hundred year old brands... no reason a one-year-old brand can't be worth more still. And I don't see why making a swan costume for Bjork or a meat dress for Lady Gaga means your T-shirt is worth more.
• Jxl180 5y ago
  I don’t get how this is a “gotcha.” That’s like being shocked that people at Black Rock want to be paid in USD and not mutual funds, or employees at Exxon want to be paid in fiat instead of barrels of crude oil. Food, credit card bills, land lords, and utility services demand to be paid in USD regardless of the value of whatever commodity an employer trades.