Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
by ur-whale on Monday October 18, 2021 @01:20AM
(#28902454)
> Expensive watches are supply limited
Exactly like NFTs. Not defending NTFt's just pointing out your argument isn't making much sense as presented.
Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
by NhanH on Monday October 18, 2021 @01:52AM
(#28902634)
The thing that is attached to NFTs is generally not supply limited though (in the sense that is much easier to create a digital thing, whether that is game item, art or some kind of record than a watch).
I can create some trillions digital bits, then mint trillions NFTs for each of them.
Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
by speedgoose on Monday October 18, 2021 @01:30AM
(#28902505)
Can't you sign a lot of time the same hash? Just use another initialization vector, salt, hashing algorithm, and you get a new nft.
Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
by ur-whale on Monday October 18, 2021 @01:42AM
(#28902581)
One of the key aspect of blockchains is the fact that they're - by construction - timestamped.
Re:Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
by speedgoose on Monday October 18, 2021 @01:52AM
(#28902633)
But who cares? I mean outside of crypto enthousiast folks.
Besides, expensive watches look really pretty and shiny. NFT is not.