All of money is imaginary and all things have a representative monetary value. All of the above are imaginary things. Work from this basis, the rest of this will make more sense. So now if you use your imagination, we can start lining up some value. What value does gold have in World of Warcraft?

You can admire your digital trading cards! Just check out this program I made that cycles your NFT's as background wallpapers for your computer. github.com/NotaRealThing /s

Gold is just a rock. Why do all humans value that nonsense so much?

No, gold is an amazing substance in its own right. There are rarer and scarcer metals, but gold is special. This conversation relies in some part on the ductility and conductivity of gold to power our computers. It doesn’t tarnish and it is very malleable. This means you can shape it into some very beautiful and durable forms with even crude hand tools. The potential value add is very large. It’s use to back currencies is largely symbolic but it was chosen for good reasons.

Gold is also impractical to synthesize by modern methods!

Also it is very dense, silver is not so it could be forged too easy.

Gold has properties that are similar to copper (highly electrically and thermally conductive, lustrous, and malleable), with the added benefit of being corrosion resistant. Many of the industrial applications of gold and copper are similar.

Which would suggest that if gold and copper had the same supply, the demand would be similar and thus the price would be the same. It turns out that's approximately correct— the ratio of gold and copper's prices is similar to the ratio of their supply.

> waste of resources

Are you able to provide data comparing the footprint of NFT's to baseball cards, Magic the Gathering cards, paintings, etc?

Do you even know what you're talking about? Or just regurgitating some talking points you heard somewhere?