Re:WallStreetBets members adopt 3,500 gorillas in six days
by colejohnson66 on Thursday March 18, 2021 @09:28AM
(#26502439)
Yep. Take a look at Jack Dorsey. He’s “selling” the first ever tweet as an NFT and it’s currently at 2.5 million dollars.[0][1] But what does that even mean to “sell” a tweet? It’s still visible to everyone at its permanent URL.[2] What’s stopping Jack from just auctioning it off again later?
[0]: https://www.cnet.com/news/twitter-ceo-jack-dorsey-is-selling...
Re:WallStreetBets members adopt 3,500 gorillas in six days
by nerdponx on Thursday March 18, 2021 @09:45AM
(#26502610)
I don't believe this at all.
If Jack Dorsey sold the "rights" to the first ever tweet, I'm confident someone would pay at least $1 million for it, even without an NFT involved.
The fact that there's an NFT involved makes it more valuable, because now the buyer can show off in more ways than one. But that's it.
There have always been, and always will be, rich people with more money than sense, who want to demonstrate their great wealth and worldliness by buying silly stuff to show off with.
The problem of course is the word crypto doesn’t appear in any of the traditional platforms, so no hype/demand exists for your tweets there. Those users have also over time not only been trained to recognize scams, but are provided with a little bit of buyer protection if they end up buying something you couldn’t really sell them in the first place.