He’s right tho

What bitcoin gotta do with it lol

Need him to do a remix of this

Bitcoin is essentially NFT as a currency

It’s blockchain in the same way NFTs are but instead of being used to certify art or digital entities the unique blocks themselves are treated as currencies of equal value

Evidently. I think we’re hitting threshold rn

I’m not saying anything is worth investing in but there are productive assets within the defi ecosystem for example.

Hard-capped censorship resistant currency is enough of product market fit for btc imo

As for nft artworks, do u believe they have 0 value?

That must be it

I know what bitcoin is, I'm just asking why is bitcoin being down 50% relevant to the nft topic when nfts are primarily run on the eth blockchain

It’s more like only fans, where you’re the only one actually f***ing, until you decide to pass her to the next, while everyone else gets to watch

Billionaire likes the hottest new way for the rich to get richer?

Rich get richer? Sure but I know multiple ppl who have gone from 3/4 figure networth to 6/7 bc of crypto

This is such a niche and useless market to justify the speculative and volatile aspect of cryptocurrencies. No government even censors currencies that they issue because that’s entirely nonsensical unless series numbers are stolen in robberies or misprinted

And hardcapping a decentralized currency that aims to grow and assert itself is only further nonsensical, especially when it relies on widespread market acceptance and not a government authority’s backing to validate its existence and value

And yes, the art is materially worthless and has no intrinsic value. Not to say it has zero value, but trading AI generated monkeys for hundreds of thousands of dollars is a scam

All of these are NFTs, you’re conflating NFT art with NFT’s when cryptos are just MFT currency

This is the kind of s*** people say to sound smart when asked about a subject they know nothing about.

Ye is Aped Out

The artwork's have value, but it's been widely known and pushed that the art is not the focus. It's the utility, but the utilities are not any different from other centralized platforms.

If you say they are, then are there so many dangers from scams and rug pulls that should be obviously be solved first since that's a risk already associated with centralized platforms.

So many people run into the market as a risk to get rich and move on quick from their poverty situations (which is nice for them), and so many rich techies who were never interested in art and culture are running into the space trying to create some.

It's literally a digital version of the real world art dealer market, but now it is encased inside of crypto tech which is also not user friendly still

You’re wrong, governments censor people’s transactions around the world in hyper inflationary currency countries limiting them exposure to the dollar for example

Answer the question about nfts & value

This beat has me crying

Huh ? How am I doing that lol

Me reading any @americana ’s propaganda posts

Just like me

not saying you're wrong at all regarding the hype and status aspect, but hype and status fuels a lot of similar industries in fashion, jewelry, cars, conventional art, etc. etc. and those things basically continue to thrive. so, it seems to serve a human condition of wanting to have something exclusive. unless society progresses beyond this, i don't see it necessarily going away.

Already did, NFT art isn’t worth the money we’re seeing put into the market.

And as long as real governments’ fiat currencies reign supreme, which they will because they’re government dependent, crypto won’t be able to overtake it in any way. And even then, removing value from a hyper inflationary economy and putting it into bitcoin does nothing to help these economies, only leading to worsening problems