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I find those to be exceptions to most companies in our economy. Construction of housing, food, medicine, water, army/police are your base levels. An NFT market
by themitigating 4y ago
I find those to be exceptions to most companies in our economy. Construction of housing, food, medicine, water, army/police are your base levels.
An NFT marketplace is a similar to gambling or derivatives. The value is potential income for people.
- mellavora 4y ago"value" is an ambiguous word. I think you understand it as "something people are willing to put money into", which certainly covers gambling. Another definition of "value" is something which increased the economic output, a positive-sum game. Thus gambling (which is zero-sum) does not create value. Derivatives do create value in the second sense, in that they can be used to protect against risk, thus creating value (or allowing the creation of value). Yes, they can also be used for the equivalent of gambling, but they have additional uses.
- wpietri 4y agoJust to be clear, gambling is a net societal negative. For every dollar that goes in, less than a dollar in income comes out. It's going to happen, but let's not pretend that it's value-creating.
- andsoitis 4y ago> An NFT marketplace is a similar to gambling or derivatives. Derivatives have real utility.