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re: The average price of a CryptoPunk NFT is $188,767.12
Posted on 10/17/21 at 12:15 pm to yaboidarrell
Posted on 10/17/21 at 12:15 pm to yaboidarrell
quote:
Who and why are people paying all that for the rights to a JPEG?!
This is a really screwed up world that someone would expect customers to pay that much money AND that there are customers who would spend that much on insignificant stuff like this.
Posted on 10/17/21 at 12:18 pm to CocomoLSU
Why bother owning the Mona Lisa when you can just hang a copy of it on your wall? Try to look past the “artwork” being sold as NFTs and consider the implications of a distributed world wide ledger that no central entity controls.
Posted on 10/17/21 at 12:38 pm to Jack Bauers HnK
quote:
Why bother owning the Mona Lisa when you can just hang a copy of it on your wall? Try to look past the “artwork” being sold as NFTs and consider the implications of a distributed world wide ledger that no central entity controls.
I’m not even sure what you’re getting at.

Posted on 10/17/21 at 1:08 pm to CocomoLSU
quote:
My question: what is the end game for this
Don't be the last one holding the potato
I think its psychotic the entire idea of it and I own more nfts than the average person should have
Posted on 10/17/21 at 1:32 pm to yaboidarrell
Serial numbered jpegs which may or may not still be hosted are not for me. However once pulsechain launches all your NFT’s will be copied. So you’ll have a copy on both chains. Will they be worth the same?
Posted on 10/17/21 at 1:54 pm to yaboidarrell
A fool and their money are soon parted.
Posted on 10/18/21 at 8:24 pm to CocomoLSU
quote:
But it’s not like that though, right? Because in your example you physically own/have the product or item. And with NFT shite, you don’t physically have anything. You “own” it in name only and can’t “use” it (like even with a piece of art you can admire it in person if it’s yours).
That's why I said "more akin". It's about as close an analogy as you can get because of the nature of the issue.
Posted on 10/18/21 at 8:27 pm to stuntman
quote:
First thought; Money laundering.
No doubt.
Posted on 10/18/21 at 8:37 pm to CocomoLSU
quote:
I’m not even sure what you’re getting at.
Just pointing out the difference between looking at a copy of a piece of art and proving ownership of the original.
The NFT is proof of ownership while anyone can look at a copy of the image. Why seemingly worthless images are going for so much begs the same question as why a banana duct taped to a wall went for so much.
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