User Power
Value/Post Ratio
456%
- May 1, 2011
- 7,691
- 35,059
Agree, I could go find and sell you a few acres of land that is worthless. No utilities, limited access, no supporting local population, and too small to actually do anything productive with besides park a trailer on. Until someone has an idea to improve the land its intrinsic value is nothing. So the theory that there is no more land being made so the value always goes up does not hold true.
You can always grow food on it. Or live there in a tent or whatever. There's always some value. Of course, you can improve it more in some more capitalistic way, but the starting point already gives it value.
There's no value in NFTs other than speculative value. You can't improve it. You can't use it for anything. I'm not saying it does NOT have value and don't want to argue that point. Just saying that ultimately it's a 100% virtual thing that has no use whatsoever.
A physical painting has decorative value. You can see it, touch it, display it. Or you can burn it lol. NFT has no purpose. Unless you print that JPG (but you don't have to buy it for that).
In the end, I don't care if people want to spend their money on this. Ultimately, we all make investment decisions based on our personal experiences and values. People into art may be super excited to be able to support their favorite artists without the problems associated with storing physical art.
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