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by Kiro
1639 days ago
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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. |
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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.