Post
Topic
Board Development & Technical Discussion
Re: Can't NFTs work on Bitcoin?
by
BlackHatCoiner
on 11/02/2022, 14:32:46 UTC
The open market decides what is valuable or worthless
I consider it worthless along with shitcoins. Alas, I cared how people evaluate things.

[...]
It's advisable to state that value is a vague term, in contrast with price. There are sub-terms such as personal value, intrinsic value, market value etc. If you sell a bitcoin for $40,000, it'll have a $40,000 equivalent market value, but a $0 intrinsic value. Or, if you sell me a toy I had when I was 5, nostalgia will affect me and I'll personally evaluate it differently than the rest of the buyers. Therefore my personal value will be greater than the current market value.