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re: Can we revisit the wonderful insanity of the NFT era?

Posted on 3/2/26 at 10:37 am to
Posted by CBandits82
Lurker since May 2008
Member since May 2012
59092 posts
Posted on 3/2/26 at 10:37 am to
the NFT craze was one of the weirdest fads I've ever seen.

Posted by CBandits82
Lurker since May 2008
Member since May 2012
59092 posts
Posted on 3/2/26 at 10:39 am to
quote:

What gives an NFT its value?

uniqueness, scarcity, collectibility, shareable, immutability, resellable and signaling social status
Posted by HogPharmer
Member since Jun 2022
3772 posts
Posted on 3/2/26 at 10:39 am to
Posted by castorinho
13623 posts
Member since Nov 2010
87561 posts
Posted on 3/2/26 at 10:39 am to
quote:

Something very easily replicable and easy to "own" by anybody.
Here you go again. If you're going to say "save the image" on your computer, I can say make a photocopy of the card. If you can't agree with that, you're being intellectually dishonest.

quote:

yet people acted like they were.

Correct, it was trading like a mature market and the speculation drove prices much much higher than they should have been. It was like people trading MJ rookie cards in his rookie year for today prices
Posted by CocomoLSU
Inside your dome.
Member since Feb 2004
156624 posts
Posted on 3/2/26 at 10:57 am to
quote:

Here you go again. If you're going to say "save the image" on your computer, I can say make a photocopy of the card. If you can't agree with that, you're being intellectually dishonest.


Not at all the same thing. It's not being dishonest at all.

Like I said, I understand your point. I just disagree with it almost completely. And looking at the markets for NFTs vs. that MJ rookie card today supports my argument, not yours.
Posted by One72
Member since Jul 2022
1492 posts
Posted on 3/2/26 at 11:04 am to
quote:

My husband sold one for $65k.


And yall still broke. Hahahaha
Posted by LouisianaLady
Member since Mar 2009
83035 posts
Posted on 3/2/26 at 11:13 am to
You’re damn right.
Posted by One72
Member since Jul 2022
1492 posts
Posted on 3/2/26 at 11:16 am to
quote:

You’re damn right.


No shite.

Any idiots pandering NFTS never had a pot to piss in anyway.

Yall ain’t working hard enough.
Posted by RolltidePA
North Carolina
Member since Dec 2010
5637 posts
Posted on 3/2/26 at 11:23 am to
Hard to imagine that a market that trades in items with no underlying value other than its own manufactured scarcity would crash under it's own weight.

I read recently that the NFT that Justin Bieber purchased for $1.3 million (Bored Ape Yacht Club NFT #3001) is now worth about $12,000.

I can't imagine why it's still even worth that much money.
Posted by One72
Member since Jul 2022
1492 posts
Posted on 3/2/26 at 11:37 am to
quote:

Hard to imagine that a market that trades in items with no underlying value other than its own manufactured scarcity would crash under it's own weight.


Truth.

Peasants trying to play a rich man’s game.

Don’t need to work for money, it’ll just come because I’m smarter than everyone else.

Hahah. Losers.
Posted by Uncommon Idea
Member since Feb 2025
396 posts
Posted on 3/2/26 at 11:57 am to
quote:

the NFT craze was one of the weirdest fads I've ever seen.

All the insanity summed in the first minute:
Posted by One72
Member since Jul 2022
1492 posts
Posted on 3/2/26 at 12:00 pm to
Hilarious.

Wonder if we can get LSUFreek to post some of the best MS paint jobs in history?

Dude is probably too concerned with swimming in all of his NFT money, like Scrooge McDuck, to worry about all the poor people like me on this site.
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
72131 posts
Posted on 3/2/26 at 12:04 pm to
quote:

Beanie babies for millennials


Beanie babies WERE for millennials.

Millennials are 45 years old on the upper end.
Posted by One72
Member since Jul 2022
1492 posts
Posted on 3/2/26 at 12:04 pm to
Buy some stock in JPMorgan Chase and then buy an NFT for the same rate and see what life gives you.

No dumbass, buy the JP.
Posted by Proximo
Member since Aug 2011
24177 posts
Posted on 3/2/26 at 12:12 pm to
quote:

when normal people asked why they were worth anything

you sound salty
Posted by Proximo
Member since Aug 2011
24177 posts
Posted on 3/2/26 at 12:13 pm to
Rotisserie chicken? That’s worth $12k today
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52540 posts
Posted on 3/2/26 at 12:18 pm to
quote:

Hard to imagine that a market that trades in items with no underlying value other than its own manufactured scarcity would crash under it's own weight.



The entirety of the crypto space
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
59283 posts
Posted on 3/2/26 at 12:24 pm to
quote:

What's an
NFT


A scam. LINK

quote:

quote:

JPEG NFTs are just digital art.. they are (or arent) as much a scam as any other digital art, except there is the underlying tech to prove ownership


Sort of. The "ownership" is for that image at that location on the web. That's it.

This is the "Forever Rose" and in 2018 it sold for $1M

>

And here's "Ocean Front", which sold for $6M last year.



I can copy, save and then upload these to Photobucket and use them whenever I want because NFT ownership does not take something out of the public domain and give the NFT-holder rights to all copies of that image, just that copy of the image at a specific location on the web.
Posted by CAD703X
Liberty Island
Member since Jul 2008
93382 posts
Posted on 3/2/26 at 12:32 pm to
quote:

Beanie babies WERE for millennials.

Millennials are 45 years old on the upper end.
when i had insomnia back in the day, i remember the TV being tuned to QVC and they would hawk 'lots' of 50 beanie babies for like $3,500 and i would sit there in a half coma completely enthralled as the announcer breathlessly stated "THIS LOT HAS A CUBBY WUBBY TWO FINGERS" and a "PRINCESS DIANA AT THE BASEBALL GAME BEAR"

it was like a slow moving train wreck played out every night at 1am for years.

This post was edited on 3/2/26 at 12:35 pm
Posted by mmcgrath
Indianapolis
Member since Feb 2010
37341 posts
Posted on 3/2/26 at 1:26 pm to
quote:

Beanie babies WERE for millennials.

Millennials are 45 years old on the upper end.
The people who started collecting beanie babies are well into their 60's now.
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