Current Events > No matter how much I read about NFTs,

(+) Yeah! (+)

I still don't get why people spend money on this shit. The hell is going on

Its the hope of making easy money I guess sadly.

Gacha games have taught me that people will spend their money on any crap

I still don't understand what a blockchain is

A series of progressively bigger suckers being convinced by the previous suckers that there's value in it.

https://gamefaqs.gamespot.com/a/user_image/5/4/7/AARIckAAC3-L.jpg

So people think that buying NFTs is an investment or something?

I'm still baffled, because it sounds like people are paying absurd amounts of money for simple pictures.

Modern day beanie babies man.

TommyG663513 posted...

So people think that buying NFTs is an investment or something?

I'm still baffled, because it sounds like people are paying absurd amounts of money for simple pictures.

Yeah. People are hoping there are bigger suckers that will pay even more for it some day. Why would someone pay more for it? In hopes that an even bigger sucker will pay more for it! It's truly befuddling

so like can i draw something real weird and deep and all that and sell it for 1 million? What are the chances that someones gonna buy it?

The majority is probably just straight up money laundering and the rest think they'll get the jump on everyone before they get the jump on them, not realizing the real profiteers are completely safe after dumping all this useless shit. Certainly, I don't believe anyone is buying them for the "art."

accord posted...

so like can i draw something real weird and deep and all that and sell it for 1 million? What are the chances that someones gonna buy it?

Slim to none. And Slim has left the building.

It's a non-fuckable token. It costs so much because it's made with computers.

TommyG663513 posted...

So people think that buying NFTs is an investment or something?

I'm still baffled, because it sounds like people are paying absurd amounts of money for simple pictures.

oh no you dont own the picture or anything like that

a NFT is your spot in a digital que

I saw a tweet of people that bought an NFT of Dune and they think they own the rights or something. I assume everyone that buys NFTs is that stupid.

Irony posted...

I saw a tweet of people that bought an NFT of Dune and they think they own the rights or something. I assume everyone that buys NFTs is that stupid.

That was a group of idiots buying a single copy of a rare Dune artbook and thinking that gave them the ability to make a series for some reason. Same dumb mindset, but in the real world.

it's the next ponzi scheme to con money out of poor people trying to get rich quick