Why would anyone spend millions on what's essentially a link to a JPEG file?

Re:Why would anyone spend millions on what's essentially a l... by approxim8ion on Wednesday March 17, 2021 @01:34PM (#26494390)

Hilarious, but it's not about access though is it? I'm not saying they claim to own the artwork. They own the NFT, and ergo the bragging rights. I think of it as just another indulgence that is a conversation starter or whatever. It'll either go out of fashion or stay in. They're hardly the first useless commodities to suddenly be deemed valuable and they won't be the last.

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Re:Why would anyone spend millions on what's essentially a l... by JoeAltmaier on Friday March 19, 2021 @10:06AM (#26513475)

I have a buddy that doesn't buy lottery tickets. I say "I like to fantasize about if I win." He responds, "I fantasize without buying the lottery ticket."

If I imagine I own the NFT, then I can have the bragging rights too. I just make it up. Which is pretty much the same thing.

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Re:Why would anyone spend millions on what's essentially a l... by approxim8ion on Friday March 19, 2021 @11:47AM (#26514704)

I suppose you're right, but you'll look silly if someone decides to call your bluff and ask you to prove it right after the brag.

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Re:Why would anyone spend millions on what's essentially a l... by JoeAltmaier on Friday March 19, 2021 @12:29PM (#26515300)

Then I'll register it on a backwater blockchain somewhere. Voila!

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