News for hackers. Stuff that matters.
Re:“Play-to-Earn” and Bullshit Jobs by jonathan-adly on Tuesday December 28, 2021 @02:55PM (#29717308)
Very similar story here.. I had a few party hats in Runescape which made the whole NFT thing and to a lesser extent Bitcoin so much easier to understand.
Re:“Play-to-Earn” and Bullshit Jobs by jayd16 on Tuesday December 28, 2021 @04:07PM (#29718192)
I still don't get it. We already sold digital assets so why do we need NFTs or Blockchain? What does it add here?
Re:“Play-to-Earn” and Bullshit Jobs by jonathan-adly on Tuesday December 28, 2021 @04:24PM (#29718400)
Party hats served no purpose whatsoever in the game except as a status symbol (arguably even!). Yet, was worth a lot of money in the game (and a god sum in real life for a high schooler)

Humans are emotional animals, utility is a very poor approximation of value.

Re:“Play-to-Earn” and Bullshit Jobs by smolder on Tuesday December 28, 2021 @04:28PM (#29718453)
A somewhat hard to erase record of which url "belongs" to whom. That, and it gives them the appearance of having some high tech magical properties that will lead to an explosion in value, helping to justify asking prices to the marks.
Re:“Play-to-Earn” and Bullshit Jobs by wyre on Tuesday December 28, 2021 @04:21PM (#29718381)
NFTs are the equivalent of decentralized RS party hats.
Re:“Play-to-Earn” and Bullshit Jobs by rtkwe on Tuesday December 28, 2021 @06:51PM (#29719799)
Except instead of a fixed (or decreasing as people slowly accidentally lose or leave the game with them in their bank) amount anyone can make a new (ugly as hell) party hat any time.

Oh and the party hat could just disappear leaving you with a receipt saying you own... something no one can see any more.

Re:“Play-to-Earn” and Bullshit Jobs by KarlKemp on Tuesday December 28, 2021 @04:20PM (#29718364)
You need NFTs to have something to trade with your cryptocurrencies. And you need cryptocurrencies to trade NFTs.
Re:“Play-to-Earn” and Bullshit Jobs by jamiek88 on Wednesday December 29, 2021 @04:52AM (#29723379)
Yeah. It’s for those don’t wanna buy drugs.