[Kiro]

I don't claim it has intrinsic value (what has?) but it's still scarce. There's one entry on the blockchain and it's unique, even if it's just a number and a trace to the original wallet.

I also don't disagree with your second paragraph.

[vanusa]

I don't claim it has intrinsic value (what has?)

Gosh, I don't know -- a loaf of bread? A shiny new car?

Do you understand the meaning of the word, actually?

But it's still scarce.

So what?

[Kiro]

Why the attitude? I'm responding to a post saying it is not actually scarce and explaining why I think it is. I'm not arguing for NFTs, but even if I did I don't think it warrants such a snarky response.

Anyway, my point with that parentheses was that there are a lot of things that has no intrinsic value but still has value on the market.

[vanusa]

Why the attitude?

I didn't mean to come across with attitude.

Only that your question about intrinsic value seemed rather .. weird.

My point with that parentheses was that there are a lot of things that has no intrinsic value but still has value on the market.

Can you provide some examples, please?

I can think of plenty of market assets which have what we might say is slightly abstract kind of value -- "brands", naming rights to stadiums, etc -- but still, it's pretty straightforward to see the intrinsic utility they provide, and that this easily translates to dollars.

With NFTs though -- there just isn't it any. Other than to sell to the next sucker in line.

EDIT: Wait, I can think of one asset class that compares to NFTs: signed sports memorabilia. Which of course have crap resale value (except for items signed by ancient players like Joe Dimaggio). But the modern versions team franchises regularly crank out -- not so much.