NFTs died a slow, painful death in 2023 as most are now worthless

Re:NFTs died a slow, painful death in 2023 as most are now w... by c0balt on Sunday December 24, 2023 @10:37PM (#38759461)

Maybe in edge cases, e.g., Ukraine where the money conversion is not a primary concern. But for any real use case beyond "illegitimate" businesses, like Scams, it seems that the censorship and confiscation is not really stoppable.

This starts and ends with the conversion from regional currency <> crypto where, e.g., a country may coerce exchanges to blacklist your wallet(s). This even has precedent in the US with wallets containing stolen assets being blacklisted from major exchanges making them hard to use at best.

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Re:NFTs died a slow, painful death in 2023 as most are now w... by adastra22 on Sunday December 24, 2023 @11:15PM (#38759687)

If you're using an exchange, you're missing the point ;)

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Re:NFTs died a slow, painful death in 2023 as most are now w... by MBCook on Monday December 25, 2023 @10:43PM (#38768737)

So it’s a fungible store of value that cannot be turned into useful currency.

Lovely.

So everyone just needs to buy enough bitcoin until every business randomly decides to start accepting bitcoin?

Can you provide any examples in history of a similar non-government currency having to wait for such a circumstance? Or a government one that wasn’t just waiting for a predetermined switch over date?

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Re:NFTs died a slow, painful death in 2023 as most are now w... by adastra22 on Tuesday December 26, 2023 @03:15AM (#38769809)

Why do you need to turn it into dollars or euros for it to be useful currency? Just transact directly.

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