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tech / rec.photo.digital / Many NFTs now worthless?

SubjectAuthor
* Many NFTs now worthless?RichA
+- Many NFTs now worthless?Alan Browne
`* Many NFTs now worthless?sobriquet
 +* Many NFTs now worthless?Alan Browne
 |`- Many NFTs now worthless?sobriquet
 `- Many NFTs now worthless?Whisky-dave

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Many NFTs now worthless?

<75d0a2df-b1a0-4be1-a1f2-f233f7e2545an@googlegroups.com>

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Subject: Many NFTs now worthless?
From: rander3128@gmail.com (RichA)
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 by: RichA - Sat, 23 Sep 2023 23:08 UTC

People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.

https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/

Re: Many NFTs now worthless?

<8VLPM.178652$vMO8.54647@fx16.iad>

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 by: Alan Browne - Sun, 24 Sep 2023 01:02 UTC

On 2023-09-23 19:08, RichA wrote:
> People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.
>
> https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/

Given that an NFT'd piece of work (of value or not) was never, itself,
"liened" to the NFT, this is no surprise.
The remaining 5% just have to be exposed to the reality of attempted
liquidation.[1]

NFT's are sort of like saying:

Here is a link to a webpage. The webpage is worth $10B.
Now, let me sell you the link as an NFT for a mere $1M? SUCH A DEAL!

[1] Price discovery is a bitch.

--
“Markets can remain irrational longer than your can remain solvent.”
- John Maynard Keynes.

Re: Many NFTs now worthless?

<233ab01b-5096-4095-b25d-157944ef75f2n@googlegroups.com>

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Subject: Re: Many NFTs now worthless?
From: dohduhdah@yahoo.com (sobriquet)
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 by: sobriquet - Mon, 25 Sep 2023 17:41 UTC

On Sunday, September 24, 2023 at 1:09:00 AM UTC+2, RichA wrote:
> People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.
>
> https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/

Nonsense.. everything can be downloaded for free.
Whatever people share online is just a bunch of big numbers (books, movies, images,
apps, music, etc..) and all numbers belong to the public domain.

Re: Many NFTs now worthless?

<fpkQM.153323$noZ7.95281@fx13.iad>

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From: bitbucket@blackhole.com (Alan Browne)
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 by: Alan Browne - Mon, 25 Sep 2023 18:34 UTC

On 2023-09-25 13:41, sobriquet wrote:
> On Sunday, September 24, 2023 at 1:09:00 AM UTC+2, RichA wrote:
>> People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.
>>
>> https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/
>
> Nonsense.. everything can be downloaded for free.
> Whatever people share online is just a bunch of big numbers (books, movies, images,
> apps, music, etc..) and all numbers belong to the public domain.

It would be amusing, nay, interesting to see you in court defending
yourself against a copyright infringement with that argument.

Interesting as in how the Chinese use the word "interesting".

--
“Markets can remain irrational longer than your can remain solvent.”
- John Maynard Keynes.

Re: Many NFTs now worthless?

<a16c7dd7-79e1-47b1-a87f-49fa9f34ca52n@googlegroups.com>

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Subject: Re: Many NFTs now worthless?
From: dohduhdah@yahoo.com (sobriquet)
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 by: sobriquet - Mon, 25 Sep 2023 19:40 UTC

On Monday, September 25, 2023 at 8:34:58 PM UTC+2, Alan Browne wrote:
> On 2023-09-25 13:41, sobriquet wrote:
> > On Sunday, September 24, 2023 at 1:09:00 AM UTC+2, RichA wrote:
> >> People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.
> >>
> >> https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/
> >
> > Nonsense.. everything can be downloaded for free.
> > Whatever people share online is just a bunch of big numbers (books, movies, images,
> > apps, music, etc..) and all numbers belong to the public domain.
> It would be amusing, nay, interesting to see you in court defending
> yourself against a copyright infringement with that argument.

Why bother with courts if you wipe your ass with human rights?

>
> Interesting as in how the Chinese use the word "interesting".
> --
> “Markets can remain irrational longer than your can remain solvent.”
> - John Maynard Keynes.

Re: Many NFTs now worthless?

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Subject: Re: Many NFTs now worthless?
From: whisky.dave@gmail.com (Whisky-dave)
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 by: Whisky-dave - Tue, 26 Sep 2023 12:23 UTC

On Monday, 25 September 2023 at 18:42:01 UTC+1, sobriquet wrote:
> On Sunday, September 24, 2023 at 1:09:00 AM UTC+2, RichA wrote:
> > People prefer tangible assets when it comes to goods. Gold, fine art prints, vintage cameras.
> >
> > https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/
> Nonsense.. everything can be downloaded for free.

Not much that is worth anything can be downloaded for free.

> Whatever people share online is just a bunch of big numbers (books, movies, images,
> apps, music, etc..) and all numbers belong to the public domain.

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