Bitcoins/Litecoins/Virtual Currencies

So you want to work on Wall Street? You think Enron was ahead of it's time when they created their own, new asset class packaging and selling electricity as a tradable commodity? You are in favor of smoke and mirrors? Charlatans pulling money out of thin air with bullshit claims about packaging and selling snake oil? NFTs are not an asset, they are a digital signature to verify a digital assets authenticity. Anyone trying to say otherwise is a fool, and anyone trying to sell them as their own asset class is a scumbag.

You can't copy/paste an NFT in the same way you can't copy/paste the Bitcoin blockchain.

You can duplicate it exactly in every obvious way, but its still not the same as the original. See BCH, BSV or any other fork. You could compare this to counterfeiting the mona lisa or creating a character with the exact same gear as Furor in EQ with a mispelled name. Its a duplicate, but not identical.

Bitcoin and by extension Blockchain tech in general has created digital scarcity with properties that are very similar to the physical world. Digital assets have not been capable of scarcity and/or uniqueness in the past. That is no longer the case.

That doesn't make the current generation of NFTs worth anything, but due to the properties they possess as NFTs they are unique and not reproduceable. I don't see how current NFTs will be valuable in the future, but I do understand how they -could- be.

yup, more spikes like that please

Lightning Lord Rule said:

Yarp, ETH spiking to $3700, the best since like April. Floki up ~400% from a few days ago with no signs of slowing down. TRU hitting $.44, I picked the wrong time to get out of that in the hopes of yet another predictable swing, whoops.

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I am definitely going to make it.

Flobee said:

That doesn't make the current generation of NFTs worth anything, but due to the properties they possess as NFTs they are unique and not reproduceable. I don't see how current NFTs will be valuable in the future, but I do understand how they -could- be.

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A lot of the current batch probably won't be, but maybe? It's tough to say after 60 years of the Ethereum blockchain what value will exist in these old projects, Curio Cards and Etheria sat with unfinished mints for years before people stumbled upon them again this year.

Khane said:

NFTs are not an asset

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NFTs are a cryptocurrency and a non-fungible store of value like land.

James said:

NFTs are a cryptocurrency and a non-fungible store of value like land.

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Are you just perpetually drunk?

You're so confident that you understand what an NFT is, do you even own any cryptocurrency or even 'ah' NFT?

Crypto? Yes. NFTs? Uhhh...no.

Did I need to be in Heaven's Gate to understand it was a cult full of lunatics?

You can go buy NFTs right now for 0.01 ETH. It's super simple, and cheap, and if you spent a fraction of the time and effort actually using them as you do ignorantly arguing that they're worthless, you'd understand why your arguments are hollow and meaningless.

EDIT: https://opensea.io/assets/0x5a4e5cd2fd899a5e0ae937f7beca9926925416c8/3345

That's a free shovel, you just have to pay for gas. Go ahead and buy it, maybe try to resell it.

This was the first NFT project on Ethereum, in 2015: Ξtheria

It's amazing that it's literally digital land that you can build on, because it's a non-fungible store of value just like land. But yeah, please, continue acting as if you're the visionary who understands the fundamentals better than ole paint huffing James. Did you buy any $FLOKI yet?

LachiusTZ said:

NFTs aren't nearly as hard to understand as you think.

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We just spent dozens of posts figuring out that you can't copy NFTs, you are clearly fucking mistaken here.

Tmac said:

We established that you can copy NFT’s, but that they’re easily verified as copies.

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Where is that established? It's literally the exact opposite of what has been established. You cannot copy an NFT.