Quote:
Originally Posted by Razor Ramon HG
Yeah, but people aren't selling Mona Lisa NFTs that have been appraised by Sotheby's.
NFTs you see right now are comparable to regular artists/folks (for the most part) posting their drawings on like eBay marketplace.
You're totally missing the point.
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Who is buying these $30,000 JPEGs?
It's funny, I've been a bitcoin proponent from day 1 (though I have to say I don't like the "culture" that spawned from it). You can see it right here in this 9 (!) year old thread.
The funny part is many of the things people said about bitcoin but were wrong and we argued about back then, are actually right about NFTs
BTW I totally accept that I may be missing the point, I just haven't seen anyone prove it... If I see someone sell an NFT for 5 figures and turn that into bitcoin or fiat, that would certainly help convince me. But more likely it just means the bubble is even bigger than I thought.