Hacker News new | ask | show | jobs
by snarf21 1677 days ago
They are just the new ponzi scheme, the new penny stocks, the new internet scam. I dare anyone who claims to believe in NFTs to put their entire net worth in NFTs and put that into escrow for 10 years. The crypto eco-system is mostly about scams. It was interesting tech but it should just be outlawed at this point.
1 comments

So....you don't want an NFT for the deed to your house, instead of having to pay gobs of money to do a "search" for other people that might hold a copy of the same paper and be making claims with it?

Or an NFT of your shares of stock, so they can't be tampered with, or sold twice in short-sales, etc?

Do you really think cryptocurrency/cryptography nerds are into this technology for the jpegs?!

It's the underlying tech that's valuable — the jpeg art is just noise.