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Cool
Event does look fun. But are NFT’s still a serious thing?
Yes. And Gary’s NFTs seem to be retaining value. Remember, our exposure to this stuff to date is essentially beta, version 1, etc. Writing off successful ventures into this new space and future versions 25 or whatever because of generalized failings might be short-sighted. Whether Gary is the answer (or one of them) remains to be seen. Gary seems to be doing well to manufacture the market in which he operates, though.
Underlying tech and business that make the NFT process work are more widely applicable than just NFTs as we see them. The backbone concepts, industries, and intersection of the same are here for good, regardless of whether NFTs as we interact with them now exist in the future.
The year is 1990. Don’t write off Chick-Fil-A because some regional chicken joint with a bad product and bad business model shut down.
Or, the year is 1636 and this is the digital equivalent to the Dutch Tulip Craze.
Joe B.– you’re usually the pessimist, but always the smartest person in the room.
Sometimes you gotta zoom out. I wonder if you should ask yourself if this isn’t really about the NFT itself.
Should I ask myself if it’s about the NFT.
The value of an NFT, like the value of everything else, is based upon people agreeing that it’s worth something. In that way, it’s no different than Mickey Mantle’s rookie card or a gold bar.
I struggle with virtual assets, especially those in a wildly unregulated space, having real value… and thinking the entire thing isn’t some kind of Ponzi scheme, or something where the elites push something, make a bunch of money, then move on and leave the suckers who bought in to take the losses.
Gary’s NFTs keep value because we’ve decided Gary has value. If Gary gets busted for some crime and becomes persona non grata, do his NFT’s lose value too? I don’t see how they don’t.
I mean, sure, you’ve got a way to verify that it’s the only digital copy via the blockchain. But I don’t understand how it creates any real value, any more than whatever currency in a video game that my kid might accumulate. A game developer determines what the cost/value exchange is, not any kind of third party.