But also avoiding inflation. As long as rich people silently agree to keep buying this shit at higher prices than the previous sale, as they do with physical artwork, then the owner of a piece has an inflation-proof store of wealth in the form of an otherwise useless piece of shitty art.
That's why rich assholes drop millions on paintings - so that they can sell them again years later without losing money to inflation. Meanwhile, a pleb like you with 30 grand in savings wakes up 15 years down the line to find that his 30k is now practically only worth 15k.
...no clue but i bet a ransomware joke is in there somewhere. that reminds me there was a ransomware going after a specific type of smart device a chastity belt that was locked with an app guess what it did...
while the normal guy can't open the store because of covid, the billionaires that police-thought your speech for example against covid is selling tweets for millions of dollars.
at least be like that fucking Bezos and stay fucking away from the limelight so the normal guy doesn't see what kind of principesque life you have and doesn't hate you.
NFT's can be used for interesting things. There's a lot of capability when it comes to using them with games. When it comes to art or "collectables" it's probably all money laundering, just the same as modern art.
This is probably the future of money laundering. Why waste time and energy creating "art" when you can just sell your some dumb tweet you made 10 years ago lmfao
They look like a crypto-currency tweaked just enough so it can't be considered a "currency" for tax purposes and sales are taxed at capital gains rates.
I've gotten into crypto slightly, mainly the interest earning on stablecoins as an alternative to letting the bank totally inflate my money away. Some of the more mainstream coin trading as well. Or even more crazy, I've been using dollars to buy crypto then later buying silver coins with that crypto. I think that's some sort of heresy or something.
But this whole non-fungible thing...WTF no. Just no. I totally understand actual physical sports memorabilia or something, but virtual ownership of stuff that can't actually even be owned? Yeah I'm going to have to pass.
Good point. The buying of cosmetic game items never caught on to me either. I know some people younger than me (and much more broke) that have poured money into that crap. I'll buy lots of stupid shit, but not interested in "owning" a tweet or an online showoff item.
What the fuck are you supposed to do with an encrypted twat‽
Money laundering.
Money laundering, money hiding, tax evasion.
But also avoiding inflation. As long as rich people silently agree to keep buying this shit at higher prices than the previous sale, as they do with physical artwork, then the owner of a piece has an inflation-proof store of wealth in the form of an otherwise useless piece of shitty art.
That's why rich assholes drop millions on paintings - so that they can sell them again years later without losing money to inflation. Meanwhile, a pleb like you with 30 grand in savings wakes up 15 years down the line to find that his 30k is now practically only worth 15k.
...no clue but i bet a ransomware joke is in there somewhere. that reminds me there was a ransomware going after a specific type of smart device a chastity belt that was locked with an app guess what it did...
Stop putting microchips in things that are perfectly fit for purpose without them!
There was/is a woman suing a sex toy maker because she didn't expect her "smart" vibrator to send the company her usage information
confuscious say, when the smart is in a thing, theres not enough smart for the purchaser.
Bruh that shits hilarious
Buy dinner?
while the normal guy can't open the store because of covid, the billionaires that police-thought your speech for example against covid is selling tweets for millions of dollars.
at least be like that fucking Bezos and stay fucking away from the limelight so the normal guy doesn't see what kind of principesque life you have and doesn't hate you.
but naa right in the face.
Well, to be fair, they should control it, it's their products that back it.
The economists need to go once the lawyers are taken care of.
Leave the Austrians alone. Chicago school is on thin ice. Keynesians and MMTers can Hoppe out the Choppa.
NFT's can be used for interesting things. There's a lot of capability when it comes to using them with games. When it comes to art or "collectables" it's probably all money laundering, just the same as modern art.
This is probably the future of money laundering. Why waste time and energy creating "art" when you can just sell your some dumb tweet you made 10 years ago lmfao
Just like traditional "art" that sold for millions of dollars ... the market isn't real.
It's has long been known that the extremely wealthy use the high end art trade to launder money.
NFTs are just an evolution of that long running activity.
They look like a crypto-currency tweaked just enough so it can't be considered a "currency" for tax purposes and sales are taxed at capital gains rates.
HIS first tweet? not THE first tweet?
I've gotten into crypto slightly, mainly the interest earning on stablecoins as an alternative to letting the bank totally inflate my money away. Some of the more mainstream coin trading as well. Or even more crazy, I've been using dollars to buy crypto then later buying silver coins with that crypto. I think that's some sort of heresy or something.
But this whole non-fungible thing...WTF no. Just no. I totally understand actual physical sports memorabilia or something, but virtual ownership of stuff that can't actually even be owned? Yeah I'm going to have to pass.
So they've been training people to buy things that aren't real in video games for a while now.
If someone doesn't mind paying real dough for a digital mount, pet, or clothes .... well, now we're seeing the next step "forward".
Never assume that something has stopped at the point it is now.
Good point. The buying of cosmetic game items never caught on to me either. I know some people younger than me (and much more broke) that have poured money into that crap. I'll buy lots of stupid shit, but not interested in "owning" a tweet or an online showoff item.
So he's the kind of man who'll say anything for a high price?
Best I can do is five bucks.
Selling a tweet? Anyone buying is more pathetic than Anthony Burch.