Lurker > RyukSan

"Something you knew was a dealbreaker"? It's so certain now? 100%?

You've spent time in this topic talking about "most people". "Well known". Suddenly things are apparently all too certain now.

"Because I'm transgender, honey, but given how we're at the "honey" stage of our relationship, I've probably already told you this."

Then tell your potential partners what your dealbreakers are like an adult

I mean, most people are using it as a way to invest money. The point is that there is no actual product so it's a very "get while you can" sort of affair.

The big thing to understand in the current economic landscape the act of wanting something to be profitable is almost half-way there to making something profitable when it comes to electronic goods. The other half of it is getting enough people to believe that you are doing something that will work, something that is similarly trivial due to the nature of our society mixed with the ease of communication through the Internet. For instance, Bitcoin is a digital currency with the express goals of being "untouched" by governments (uncontrolled by, unregulated by, etc.). However, in many ways people are not using it as a fiat currency and are instead almost exclusively using it as an investment tool in a similar way as stocks are used. In addition it is not really something that governments have no real say over and instead only can deal with it in a roundabout way. Recently there has been a ton of turbulence in the Bitcoin market in terms of its value and if you dig a bit into why it turns out that it has to do with Bitcoin's ban in China mixed with Kazakhstan increasing the cost of energy, as the actions of two governments seeking to profit off of Bitcoin doing just that. Thus Bitcoin ends up falling far more in line with something like NFTs not because they involve the blockchain but instead because they are investment tools for individuals. The question that is harder to ask is whether or not they are legitimately done or whether they fall into the same sort of category as something like Wata Games (something that I'll not really go over as I am largely not going to interject any real personal opinions into this).

In that way you are somewhat right with the MMO comparison as a big part of the whole affair is that because the process is obfuscated and online it hits many of the similar veins as you would get in an MMO. Because you are taking your money and turning it into another form of currency the human mind is less adept at keeping track of things intuitively and while it is fairly trivial to look and see the values it is hard to really judge at a glance unless you are extremely "in-house" with your mentality and thus have a predisposition towards buying the concept in the first place. This is often seen in something like card games or MMOs where some form of currency is extrapolated based on a material within the game itself rather than based on a real dollar amount. This is taken to a head in phone games where there is a substantial abuse of this mentality in the form of "currency bloat" (this can happen in MMOs but usually not with a direct correlation with real money, which is where NFTs are more applicable). Thus you end up in a situation where you end up with something like Genshin Impact's real money -> Genesis Crystals -> Primogems -> Fates -> Wishes as a way to disconnect you from the exact amounts of currency that is changing hands intuitively and instead building a form of fatigue that makes you less likely to really consider what's going on unless you already actively buy into the system (it is why 99% of people playing a given gacha will say "You don't actually have to spend money!" while 99% of the people not playing will call any given game a P2W whale-fest).

As far as what you should do with your money view the whole thing the same way that you would a grift or pyramid scheme, and figure out if you can make money before the generational shift happens. You can definitely make money off of NFT's but you have to make sure you can read the writing on the wall when the inevitable happens. Beanie Babies took a while to die but they did almost instantly, and there is little reason to believe that NFT's are in any way different. Thus in this game of hot potato you just want to make sure you aren't the one holding onto them when the bubble pops. As I mentioned before you do not actually own anything more than a receipt and thus this is 100% a money game, and in that line you largely have to follow suit with your mentality.

I'm making somewhere around 2k~ per week at the moment, but I'm also working every single day whether it is generating art, promoting social media, or working on code for automation

It's worth figuring out.

Less and less people are getting accepted as creators now at this moment, I've had 6 friends get declined on my current platform.

It's been a wild month, and not something I ever planned to do.

NFT's are a receipt for a piece of media, usually a picture, that is guaranteed through the block-chain. Keep in mind you *only* own this receipt as the media is still something that exists outside of the NFT.

Think of it like owning a Beanie Baby in the context that they only hold worth because someone says that they do. NFTs are great for grifting and not a whole lot else.