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> ... Even aside from the baloney idea of ownership they offer, the thing that continues to baffle me about NFTs is that the very nature of them assumes that ow
by tablespoon 5y ago
> ... Even aside from the baloney idea of ownership they offer, the thing that continues to baffle me about NFTs is that the very nature of them assumes that ownership is inherently valuable.
It's less baffling if you realize it's just BS "power of positive thinking" [1]. A bunch of people latched on to NFT's because they wanted to be in on the ground floor of the next big speculative bubble. However the thing is fundamentally BS, but to admit that would contradict their goals, so they use positive thinking to believe the BS in the hope that their belief will somehow make the BS true.
So, basically: I want NFT's to be valuable, so that means whatever it is they provide must be valuable.
[1] https://en.wikipedia.org/wiki/The_Power_of_Positive_Thinking https://en.wikipedia.org/wiki/The_Power_of_Positive_Thinking
- danaris 5y agoIt's not just positive thinking; it's about creating a new kind of scarcity-based status symbol.
- majewsky 5y agoSo like beanie babies, then?
- danaris 5y agoAt least with beanie babies, after the market crashed, you still had a cute stuffed animal. My family still has a large collection of the purple platypus "teeny beanies". When and if the NFT market crashes, anyone who bought one will have....nothing.
- cassianoleal 5y agoI thought they would be allowed to keep the JSON. /s