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I dunno, I am not really questioning why some limited-run sneakers are being bought for thousands of dollars. Or why people spend 50k on their bathroom. Or why
by wink 5y ago
I dunno, I am not really questioning why some limited-run sneakers are being bought for thousands of dollars. Or why people spend 50k on their bathroom. Or why old Nintendo cartridges go for enormous prices. Or diamonds.
I don't see the difference here.
Now, I also don't get why NFTs have taken off AT ALL. But I don't see how they're really different than anything I listed above, except maybe more unstable or even more useless than a 2000$ pair of sneakers, which you could still wear if you ever ran out of shoes.
- spywaregorilla 5y agoProbably a lot of the value in rare real things is that people want to have them. It evokes joy. A lot of NFTs don't do this for their owners. Its just the belief that there's a high probability of being able to resell for more. The question is what % of the market participants see genuine value in the asset itself.
- onesafari 5y ago