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> Isn't that the whole point of NFT's? Not if you ask the pro-NFT people, because if that's all it was, the pyramid scheme wouldn't be strong enough. But that
by dkersten 5y ago
> Isn't that the whole point of NFT's?
Not if you ask the pro-NFT people, because if that's all it was, the pyramid scheme wouldn't be strong enough. But that is the only actual real use case that makes some sort of sense to me, any others I've heard typically have easier, better or cheaper ways to solve using "traditional" tech, or, in some cases, aren't actually solved by NFT's in any meaningful way (eg NFT's aren't actually decentralized if the asset they represent is held by some centralized party and the ownership they confer is meaningless in many cases, eg if you buy an NFT claiming you own part of mars or a tweet or something you don't actually have legal rights over).
NFT's as a token to brag about is fine, but very few "ordinary" people will actually make money on this, so I'd still advise to ignore them. Bragging rights also have a high potential to become another forgotten fad.
Well, there is one more use case: money laundering.
- Ekaros 5y agoI would ask them to think of it as art, collectibles like trading cards and sports cards coins; or even to remember the beanie babies... Just that it is even more abstract, less physical and might be less persistent. At least those kept in relatively decent environment last. Not that there isn't chance to make money, but it is rather risky and they probably aren't on ground level...