[ SECRET POST #5490 ]

[case]

⌈ Secret Post #5490 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.


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Notes:

Secrets Left to Post: 02 pages, 32 secrets from Secret Submission Post #786.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

Comments

Re: NFTs

[(Anonymous)]

THIS.
The value is hyped by those who beging minting (creating the algorithm attached to the media) the NFTs first and began selling them to each other to hyper inflated prices. There are a lot of stories of people passing each other's NFTs just to prove that they can sell them to a value, while in fact there is no inherent value in NFTs. It's just hyped bullshit.
The funny thing is that this practise of selling amongst a small group and thus inflating prices is written in the block chain (the "cloud" for cryptos and NFTs) so everyone has access to those datas. Everyone knows that it's money laundering and MLM schemes. It's an inflated marked full of scammers and easily scammable people who buy into the hype just to have some bragging rights on a usually awful jpeg.

Think of the more traditional art money laundering, but without the art piece itself, so there is not even the value in the material used to create the art in the first place! At least if you buy an inflated piece of art with no real artistic value, you still have something you can show as yours on your house's wall. With NFT it's just your name on the digital receipt of a stupid jpeg.

Jesus. Explaing NFTs is a nightmare. There really fucking awful and stupid. I have no faith in humanity left.