TheNFTbay.org – The Billion Dollar Torrent (All NFT's from Ethereum and Solana)

Re:TheNFTbay.org – The Billion Dollar Torrent (All NFT's fro... by Cthulhu_ on Thursday November 18, 2021 @10:01AM (#29266165)

You get a certificate of ownership for your clothes - but you don't actually hold that certificate, it's a digital record in some database.

I mean, it's as valuable as what others believe it's worth, and like any common object with the word 'supreme' on it, there's people who consider these things valuable.

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Re:TheNFTbay.org – The Billion Dollar Torrent (All NFT's fro... by nefitty on Thursday November 18, 2021 @11:18AM (#29267143)

The best analogy I've heard is, "Imagine you spent $1,000 for a painting. Now, instead, imagine you spent $1,000 to buy the receipt."

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Re:TheNFTbay.org – The Billion Dollar Torrent (All NFT's fro... by ASalazarMX on Thursday November 18, 2021 @12:21PM (#29267909)

And any other person can have an identical painting, but without the receipt.

NFTs are a scam to introduce artificial scarcity and make someone else pay for it. The "art" (speaking of the picture in the root comment) hardly has any value itself.

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Re:TheNFTbay.org – The Billion Dollar Torrent (All NFT's fro... by metters on Saturday November 20, 2021 @02:18AM (#29286213)

I agree, but also have to add: Does any (normal, non digital) art (say picture or sculpture) have any value itself? Besides the value of the material of course.

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