I don't get NFTs

[Deleted member 16984]

What the fuck is the appeal? So I pay 5000 dollars for a gif and hopefully, I can sell it for 6000? I don't get it

 

[WhiteGoodman]

It's all a ponzi scheme

 

[the BULL]

just another way to scam the sub 100 iqs

 

[Harold O'brien]

Meme jpegs for status as a proof of concept for non-fungible digital assets that will be adopted for genuine use cases for things like real estate and corporate debt.

 

[Deleted member 16984]

Meme jpegs for status as a proof of concept for non-fungible digital assets that will be adopted for genuine use cases for things like real estate and corporate debt.

How to profit?

 

[Harold O'brien]

How to profit?

Buy into good crypto projects when they are priced low

 

[Alt Number 3]

pretty sure it’s money laundering. Good way to clean 10000s of dollars with no one giving a single fuk.

 

[the BULL]

Meme jpegs for status as a proof of concept for non-fungible digital assets that will be adopted for genuine use cases for things like real estate and corporate debt.

"that will be adopted" it has been years since crypto and no one adopted crypto technology to execute payments or in every other field
just a big meme, a big way to profit for some big whales with the capitals and some lucky individual investor who caught the momentum right in time

 

[Deleted member 16984]

Buy into good crypto projects when they are priced low

Do NFTs fall under "crypto projects?

 

[Deleted member 16984]

Just found this

 

[Harold O'brien]

"that will be adopted" it has been years since crypto and no one adopted crypto technology to execute payments or in every other field
just a big meme, a big way to profit for some big whales with the capitals and some lucky individual investor who caught the momentum right in time

Deloitte Blockchain survey, read it

 

[the BULL]

Deloitte Blockchain survey, read it

deloitte is meme. bloomberg or bust

 

[Harold O'brien]

deloitte is meme. bloomberg or bust

?

They're not even competitors

 

[Harold O'brien]

Do NFTs fall under "crypto projects?

I would say no

 

[the BULL]

?

They're not even competitors

deloitte does consulting for firms they don't know shit about banking

 

[Harold O'brien]

deloitte does consulting for firms they don't know shit about banking

Funnily enough that's why it's a survey

 

[the BULL]

Funnily enough that's why it's a survey

i don't care. crypto has no place in monetary economics. money supply has to be controlled by the banks

 

[Harold O'brien]

i don't care. crypto has no place in monetary economics. money supply has to be controlled by the banks

Smart contracts

 

[the BULL]

Smart contracts

not a currency. there is no reason to why a project should be related to his own currency

 

[Harold O'brien]

not a currency. there is no reason to why a project should be related to his own currency

Smart contracts require decentralisation

This requires validators. Validators need to be compensated, so the use of smart contracts incurs a fee. Hence, in order to maintain decentralisation we require a decentralised currency that is associated with the smart contract

 

[Deleted member 16984]

Smart contracts require decentralisation

This requires validators. Validators need to be compensated, so the use of smart contracts incurs a fee. Hence, in order to maintain decentralisation we require a decentralised currency that is associated with the smart contract

Alright but how to make money from NFTs?

 

[TITUS]

Videogame companies started noticing how RETARDED NORMIES will pay for skins (nothing), and others copied them and they are squeezing this pitiful creatures to the last drop.