Yeah NFTs as a whole wont be like that, but certain collections will. There is a large group of people that are growing increasingly wealthy through crypto, and jpegs are the flex.
our resident bitcoin maxi talking about somethings value being largely arbitrary relative to its use case is fantastic
Go ahead and put btc’s use case in your own words. The nft jpeg’s are digital collectible cards. Admittedly some nfts have uses beyond that. But “worthless flex good” is a pretty accurate description of the art-only ones. If you think there’s a parallel to be drawn between that and btc (or even eth for that matter), then you’re far more clueless than you pretend to be in here.
Because everything is a worthless flex good that is only worth what people will pay for it. People think diamonds are special because of propaganda so they pay for it
Nah. If it was easy to print/make diamonds in a lab, then plenty of companies/people would do it. Same is true of gold, silver, platinum, etc. My guess: the cost associated with creating lab grown diamonds that people will actually buy is roughly the same as the cost to mine. Hence, diamonds not being crazy cheap due to lab-grown creations—ie, the stock to flow ratio is about the same. Can’t say the same for nfts. There’s nothing stopping the market from expanding generally, and there’s nothing stopping your favorite nft artist from digitally signing his or her 1 of 1 1000000 more times or creating countless similar nfts.
I bought my wife an antique diamond and put it in a custom setting for her engagement ring. Pretty sure it’s a blood diamond. It’s badass.
He and multi chain are massive bag holders in eth, so not sure that undermines his sol opinion. And did I miss security being the #1 priority in eth?
With Cardano taking off do I buy TMB island this week or next? Seriously though is this a bump from the software rumor or is this fucker really starting to take hold in the crypto world?
D ALL OF THE ABOVE. It will see a big correction, but are you looking over a 12 month range or a 10 year range. If you are looking for a quick buck, now is not the time to jump in, wait for the pull back. If you are buying for the long haul, 2.65+ will look like nothing 10 years from now.
I’m in at like 1.60 or some shit so I’m looking good right now. I bought it for a long hold after scalping Doge for a pretty good profit I wanted something to sit on, hopefully this is the real deal.
It’s funny and dumb that you replied to my post showing the wallet activity going vertical on OpenSea with your opinion so here’s me quoting it again with the punk sales since Visa made that tweet an hour ago
Lol. Do you own a punk? Do you think visa is going to buy your cats too? Or pigs? Or horses? People are paying for things online. Visa wants to be involved in that. More news at 11.
BAYC and Gutter Cats broke sales for an online clothing brand. The Hundreds posted in Bored Apes discord that they’ve never seen sales activity like this in their 15+ years of online sales catching up to your posts is a treat right now.. swing and a miss again
The Gutter Cats floor just increased 1.5 ETH over the weekend And the floor on their free air drop is almost 2ETH. What else you got?
So Visa is interesting in buying "worthless flex goods"? Where are you going with this? Let's be consistent and stop being so dramatic.
Yawn. Diamonds aren’t nfts…keep up. I and billions of people around the world will never give a single shit about gutter cats, or bored apes, or purple dragons, or whatever else you’re trying to convince me to buy. I value every last one of it as worthless trash. You don’t. Cool.
I’m not the one making a fuss when someone else makes a post about a topic I don’t care about though. I don’t need to keep up. This is plenty..
I’d be upset too if a pixelated image that billions don’t care about was 3x more valuable than my precious pretend coin
When you don't need billions of people to care when supply is capped at 10k and there's demand for those 10k things. Keep it simple, stupid.
All the alts have been going bonkers for a month Expecting September to be a solid retraction, with maybe some legitimate projects holding strong Really interesting to see what Cardano does by 9/12 with so much FUD out there
Two people who don't care about NFTs are taking the time to embed tweets or continue to make incorrect comments on the matter. I love it.
I feel like NFTs are basically collectibles. Non-fungible, non-utility, non-cash flow producing items. Am I missing the boat?
Yea this is 100% wrong. Some NFTs are just collectibiles, but the non-utility part is not true. The NFT I'm creating is in fact an app. It's 100% utility and community driven.