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The NFT market hasn’t crashed – it was never not crashed
- malshe 4y ago
- LegitShady 4y agowhat does the agenda to a random conference have to do with the article topic aside from being about 'crypto', and what does it add to the conversation about NFTs here right now?
- wildrhythms 4y agoI'm reminded of a previous article and discussion from January: "Shock Stat: More People Own Items in Second Life Than Own NFTs" [1][2] [1] https://nwn.blogs.com/nwn/2022/01/second-life-nft-ownership-rate.html https://nwn.blogs.com/nwn/2022/01/second-life-nft-ownership-... [2] HN discussion: https://news.ycombinator.com/item?id=29789584 https://news.ycombinator.com/item?id=29789584
- lupire 4y agoNot shocking aItemst all. in second life actually mean something (in-game), and cost far far less than most NFTs.
- antifa 4y ago> Second Life hasn’t been “hot” in the tech world since 2008 This would be a bit more damning if the claim was "More People Bought Items in Second Life _in 2022_ Than Own NFTs". I'd expect _anything_ that started in 2008 and hasn't formally died to be more successful than something that's barely had over a year in the market.
- LegitShady 4y agoNFTs were always a scam.
- badinsie 4y ago
- dang 4y agoYou can't post like this here. Since you've been breaking the HN guidelines repeatedly in other places too, I've banned the account. If you don't want to be banned, you're welcome to email hn@ycombinator.com and give us reason to believe that you'll follow the rules in the future. They're here: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html.
- LegitShady 4y agoI'd rather keep my shit for brains instead of trading it away to a scammer in exchange for a number on a blockchain we pretend is an image that has value because its on a blockchain. my shit for brains isn't the massive scam and fraud that is the NFT 'market' and is infinitely more valuable.
- dang 4y agoPlease don't respond to a bad comment by breaking the site guidelines yourself. That only makes everything worse. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- badinsie 4y agohave you not heard about the NFT that is a title to a house? whoever owns that NFT owns that house. its not about images. what about the scam that is the US stock market? take a look at Gamestop. there should only be around 300,000,000 shares of Gamestop, but there are BILLIONS of counterfeit shares created via naked short selling. THAT is the real scam. blockchain will help solve issues like that. pull your head out of your ass.
- kkielhofner 4y agoI’ll believe “whoever owns that NFT owns that house” when Sheriff’s deputies doing an eviction care at all. They don’t. In the convoluted NFT marketing stunt you’re referring to even the contract that attempts to associate the NFT that is precariously tied to an LLC that owns the house has language for being able to reissue the NFT AND acknowledges that ultimately the registration of the deed with the clerk is record. So exactly the same as forever. Even the most bullish of blockchain people who actually understand how anything works acknowledge that the oracle problem is real and NFTs and real world assets don’t mix.
- leplen 4y agoThis article is 5 months old, and talks more about NFT trade volumes than NFT prices. Having volumes decline from peak speculation is more a sign of market maturity than a market crash.
- vcryan 4y agoIt's hard to imagine a topic less interesting than NFT. Anytime I read anything about this topic my primary reaction is astonishment that anyone cares.