Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cAPSLOCK
on 14/04/2022, 17:25:19 UTC
⭐ Merited by JayJuanGee (1)
Well...NFT's are jus that, non fungible

so you are buying a "unique" asset.  Good luck selling that, by definition its an illiquid maket.  easy to buy, impossible to sell.
get recked fools

For sure, these.... jpegs pixel art  NFTs , are 99.99% shyte.

I mean a NFT that represents a real world asset is sorta more interesting......


but if you spend $2.9 million dollars, for a jpeg of a tweet  Cheesy  , then you deserve what you get .....

Many no-coiners like to refer to Bitcoin as a "digital pet rock".  Though they are fools, it is quite understandable the reasoning behind this position.  And frankly that's exactly what an NFT is.  At least with a pet rock there was something tangible to own.

The thing that bugs me about NFTs is everyone has now seen that they were a scammy rugpull, and yet the public is still fascinated with then.  They are CLOSE to something useful.

When I bought my Jade HW signature device I received a token on Liquid that would be tradable for the Jade when it came in stock.  I remember thinking... look at that and actual "ICO" like token with an actual functional USE and rooted on a BITCOIN sidechain, therefore secured by BITCOIN but adding no stupid bloat to the base layer.  Neet.

This was one of the moments that I came to be a fan of the "evil Blockstream" as this is all the real functionality being promised by Ethereum, but with the CORRECT tradeoffs chosen.  At least an acceptable set of them.  I do think a company headed by a wizened cypherpunk is a good thing.  Jade is also OK.

My point is there is a right way, and a dumb way to do things.  I do not think we have seen the actual utility that the NFT concept provides.  But it took a while with tokens, too.