Post
Topic
Board Economics
Re: Tulip Mania 2.0
by
bitgolden
on 18/09/2021, 11:12:11 UTC
I believe it would help give NFTs “value” if they were issued in the Bitcoin blockchain. The NFTs themselves might be a victim of bull-bear/mania-depression cycles, but they will be encased in a multi-generational protocol in Bitcoin. Shitcoin blockchains will die, Bitcoin chugs along.
Is that even possible? I did not know that NFT's could be in bitcoin blockchain as well, I assumed that the blockchain of bitcoin doesn't allow such things to happen. I am fine with ETH by the way, their blockchain is fine and their price is fine as well and certainly do not consider it a shitcoin. The NFT's in ada, sol and similar stuff would be bad in the future, those are still not "shit" coins as we can see from their rank but just because something is top 10 doesn't mean it will stay in top 10.

ETH on the other hand has been second ranked for a long time, way too long and I do not think that it will drop anytime soon. The reason why I believe NFT's are like tulip mania 2.0 is because they do not really have a value on their own, people put value in it but they are useless as well that's the problem, bitcoin can be sent or received, eth could be used for many things, NFT's are... just NFT.