NFTs Are a Dangerous Trap

Re:NFTs Are a Dangerous Trap by Taek on Sunday March 07, 2021 @01:58PM (#26378607)

The entire point of NFTs is that you can attach a verifiably limited supply to a set of collectables. Just like with their real world counterparts, you can have knock-offs and reproductions that people collect, but the owner of the actual original one knows they have something of a limited set.

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Re:NFTs Are a Dangerous Trap by Can_Not on Sunday March 07, 2021 @05:53PM (#26380588)

When beanie babies have limited supply, it's because the factory has to manufacture other goods for their next contract.

When imaginary cryptohashes have limited supply, it's kind of pointless, or at least there is nothing good for the buyer or society.

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Re:NFTs Are a Dangerous Trap by xfkechyk on Monday March 08, 2021 @03:26PM (#26391048)

There are plenty of products where scarcity is intentionally created, though. Disney DVDs are a prime example.

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