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A comment on SEC brought its first non-fungible token enforcement action. Parent comment

Re:SEC brought its first non-fungible token enforcement action by capableweb on Monday August 28, 2023 @06:21PM (#37301116)
How do you sell yourself a NFT to yourself if you don't already have $1,000,000? Something is clearly missing from your line of thinking here.
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Re:SEC brought its first non-fungible token enforcement action by andy81 on Monday August 28, 2023 @06:35PM (#37301263)
The normal method is to generate a collection of a 10k NFTs and sell back and forth between your own accounts for $100 each.

The hope is that some sucker will buy them for $10, thinking that it's a bargain.

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Re:SEC brought its first non-fungible token enforcement action by wpietri on Monday August 28, 2023 @06:33PM (#37301237)
There seem to be a lot of people out there with paper cryptocurrency gains who are happy to use them for absolutely anything that will make more money.
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Re:SEC brought its first non-fungible token enforcement action by mmastrac on Monday August 28, 2023 @06:30PM (#37301208)
Bitcoin loans? You just need it long enough to make a wash trade.
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Re:SEC brought its first non-fungible token enforcement action by AnthonyMouse on Monday August 28, 2023 @06:43PM (#37301332)
> How do you sell yourself a NFT to yourself if you don't already have $1,000,000?

Installment plan.

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Re:SEC brought its first non-fungible token enforcement action by IanCal on Monday August 28, 2023 @06:45PM (#37301354)
Many people with a million dollars would like to have a million dollars and another hundred thousand dollars.
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Re:SEC brought its first non-fungible token enforcement action by vagab0nd on Monday August 28, 2023 @06:46PM (#37301365)
You use a flashloan.
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Re:SEC brought its first non-fungible token enforcement action by furyofantares on Monday August 28, 2023 @06:50PM (#37301392)
Some people do have a million dollars.
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