Remix.run Logo
vmg12 an hour ago

Using your reasoning a large number of collectible items should be worthless. What really makes an NFT different from a Pokemon card, a Birkin bag, or even an original Monet? My guess is that the seller has to have some sort of authority and established reputation for these kinds of artificially scarce luxury goods to maintain value.

hsartoris an hour ago | parent | next [-]

> Using your reasoning

Clearly not, the point being made was that you owned a thing, e.g. a Pokemon card. To own an NFT is to, bafflingly, claim to hold a token of ownership of some asset represented by the NFT - where that representation is indicated by the NFT immutably containing, typically, a thoroughly mutable Google Drive link to a picture. The whole thing was always farcical.

Again, at least you actually own the Pokemon card at the end of the day.

im3w1l an hour ago | parent | prev [-]

The big issue with NFT's is that can't use them to flex on people as easily.

pants2 43 minutes ago | parent [-]

I think that was a big part of it, if you owned an expensive NFT and set it as your profile picture it gave you some cred with certain circles online.