LogFAQs > #962178121

MartianManchild posted...

Im going to get into NFTs because of how much you guys are bitching and complaining about them. I remember years ago, most of you complaining about bitcoin and how big of a scam that is. Imagine if you actually bought some all those years ago lmao.

Generally speaking, "I'm going to invest in this just because my peers think it's a stupid idea" is a very, very bad investment strategy.

helIy posted...

and, as what typically happens in RMT situations, is that the item(s) are going to be bound on use, so you cannot ever sell it like they claim you could

Ultimately, they want sales to happen so they can take a cut of them, so I don't know how much bind-on-use there's going to be. If they're hoping for people to resell stuff they've bought, binding would be counterproductive to that goal, so what I think is more likely is that high-demand items will only be available for a short period of time. If they drop forever and aren't consumed, the supply will eventually outstrip the demand and their value will drop, but if they can only be sold once, that limits their potential profit. Instead, artificially capping the supply keeps demand high while still allowing indefinite resale.

In practice, I expect what will happen is that gameplay items will drop normally but bind on use, with gradual power creep to keep people grinding and buying new stuff, while cosmetics will be infinitely tradeable but only available for a limited time. The cosmetic market is probably where most of the money is anyway, if TF2 is anything to go by.