LogFAQs > #961012184

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Topic	major NFT sight may get sued for art theft
insomniacRA 12/18/21 12:26:06 AM #6:	Doe posted... NFT lover logic I mean NFT is pretty much a pump with no backed value. It takes considerable amount of marketing skill to get a mass amount of retailers to buy. Otherwise it's a great way to money launder. Person A sells NFT at a value of 1 million. Person B (someone rich so it doesn't look suspicious) buys at a value of 1 million with person A's dirty money. Person A splits the profits with person B. Rinse and repeat until all your money is clear. I mean are there art curators for NFTs? How would they even begin to start pricing? Anyone can claim their NFT is a million dollars and entice a fellow launderer to take part in their agenda for a nominal fee. <cite>insomniacRA posted [p:961012184] in major NFT ... [t:79815081]...</cite> <quote>Doe posted... </cite> <quote>NFT lover logic</quote>I mean NFT is pretty much a pump with no backed value. It takes considerable amount of marketing skill to get a mass amount of retailers to buy. Otherwise it's a great way to money launder. Person A sells NFT at a value of 1 million. Person B (someone rich so it doesn't look suspicious) buys at a value of 1 million with person A's dirty money. Person A splits the profits with person B. Rinse and repeat until all your money is clear. I mean are there art curators for NFTs? How would they even begin to start pricing? Anyone can claim their NFT is a million dollars and entice a fellow launderer to take part in their agenda for a nominal fee. </quote> ... Copied to Clipboard!
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