Re:NFT's aren't the answer to the problems of digital art
by dnautics on Tuesday November 09, 2021 @09:33AM
(#29162223)
> It's true that to provide that stability you have to control the supply...
Doesn't sound specious to me. The artificial scarcity is real, and has real consequences for real people. While trust is the primary property of money, scarcity-at-any-point-in-time is a fundamentally necessary (but not sufficient) to be a money.
Do you have a different definition of specious?
NFTs don't provide that, therefore they aren't a good medium of exchange. They aren't "scarce" in the way that money is or has to be.
They're also a Tulip bubble, but that's a different thing.