ST Alpha - "Why do people think this is a good idea?" (Reading a Post)

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In response to "NFTs are exponentially dumber than I thought. -- (link)" by Beryllium

Why do people think this is a good idea?

Posted by znufrii Mar 17 '21, 12:06

People are paying how much money for these on the off chance they might not be worthless in however many years?

Responses:

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

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Why do people think this is a good idea?

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