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A comment on NFT projects are just MLMs for tech elites. Parent comment

Re:NFT projects are just MLMs for tech elites by fortuna86 on Friday October 01, 2021 @12:28AM (#28714554)
> There are an infinite number of potential cryptocurrencies

Which is why alt coins are our generation's version of penny stocks. But specific coins have scarcity built in.

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Re:NFT projects are just MLMs for tech elites by cortesoft on Friday October 01, 2021 @01:02AM (#28714749)
And certain NFTs also have scarcity built in. Both NFTs and crypto coins can choose the level of scarcity they want, and all of the value for that scarcity is determined by whatever people believe it to be. NFTs are the exact same thing as crypto coins.
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Re:NFT projects are just MLMs for tech elites by fortuna86 on Monday October 04, 2021 @01:32AM (#28743396)
> And certain NFTs also have scarcity built in.

Right, the "limited edition" sales ploy (limited to how many they can sell).

Because they can also mint a "new collection".

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