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

Re:TheNFTbay.org – The Billion Dollar Torrent (All NFT's fro... by snarf21 on Thursday November 18, 2021 @10:30AM (#29266517)
They are just the new ponzi scheme, the new penny stocks, the new internet scam. I dare anyone who claims to believe in NFTs to put their entire net worth in NFTs and put that into escrow for 10 years. The crypto eco-system is mostly about scams. It was interesting tech but it should just be outlawed at this point.
[ Parent | on HN ]
Re:TheNFTbay.org – The Billion Dollar Torrent (All NFT's fro... by tata71 on Thursday November 18, 2021 @10:35AM (#29266577)
So....you don't want an NFT for the deed to your house, instead of having to pay gobs of money to do a "search" for other people that might hold a copy of the same paper and be making claims with it?

Or an NFT of your shares of stock, so they can't be tampered with, or sold twice in short-sales, etc?

Do you really think cryptocurrency/cryptography nerds are into this technology for the jpegs?!

It's the underlying tech that's valuable — the jpeg art is just noise.

[ Parent | on HN ]