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NFTs are exponentially dumber than I thought. -- (link)

Posted by Beryllium (aka grayman) Mar 17 '21, 11:55

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https://twitter.com/benadida/status/1372253125197717509?s=21 (twitter.com)

Responses:

They are the platonic ideal of the greater fool theory. -- nm - Reagen Mar 17, 12:24
Why do people think this is a good idea? - znufrii Mar 17, 12:06 14
- More money than sense and FOMO. -- nm - TWuG Mar 17, 12:18
- 90% of investment wealth is just digital entries in a bank, a stock portfolio, an insurance company, btc wallet -- nm - zeitgeist Mar 17, 12:11 9
  - That’s an incredibly naive comparison, at the very least. -- (edited) - znufrii Mar 17, 12:15 8
    - Regulated yes, but the point is, everything is digital entries, wealthy who don't have work for wages relationship its even more so. -- nm - zeitgeist Mar 17, 12:24 6
      - Like I said, incredibly naive. -- nm - znufrii Mar 17, 12:34
      - Our paper money depends on the faith and trust in the federal reserve system. People living in cyber world have faith in digital entries -- nm - zeitgeist Mar 17, 12:28 4
        
        That said, conservative money is rushing into real estate, look at how many properties are bought site unseen, by online brokers -- nm - zeitgeist Mar 17, 12:33 1
        
        That's still smarter than NFTs. -- nm - Beryllium Mar 17, 12:39
        
        Woefully misplaced trust, if so. -- nm - Beryllium Mar 17, 12:31 1
        
        And to be clear, I'm not saying that stuff will be stolen. I am saying that the landscape shifts so much ... - Beryllium Mar 17, 12:32
    - It's like buying a piece of paper with an address on it, but you have to go talk to Ted the drunken street performer to ... - Beryllium Mar 17, 12:20
- there's a sucker born every minute, znu -- nm - decline Mar 17, 12:10
- rockets, moon, tendies, diamonds, hands, shrugs -- nm - ty97 Mar 17, 12:07 1
  - “I want to short every piece of paper he’s touched.” -- nm - znufrii Mar 17, 12:11
It's always DNS -- nm - oblique Mar 17, 11:58

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