News for hackers. Stuff that matters.

A comment on NFTs Are a Dangerous Trap. Parent comment

Re:NFTs Are a Dangerous Trap by bob33212 on Sunday March 07, 2021 @07:58AM (#26375507)
It is permissionless. You can transfer BTC without a bank or eBay or the postal service being involved. It is the best way to buy LSD from a stranger. So it has some value because of that. Similar to rare wine, most of the price is due today to speculation and asset diversification, and rich hobbiests.
[ Parent | on HN ]
Re:NFTs Are a Dangerous Trap by dools on Sunday March 07, 2021 @09:33PM (#26381815)
You can transfer an NFT to someone else exactly the same. It's just that someone has made a real world distinction between 2 distinct NFTs, like if someone found that a particular coin's hash spelled out "Jesus will rise again" in base64.

I agree re: rare wine and rich hobbyists. Bitcoin's value is much the same, although without the wine.

Everything Seth is saying about NFTs is true for every crypto coin.

[ Parent | on HN ]