This article is 5 months old, and talks more about NFT trade volumes than NFT prices. Having volumes decline from peak speculation is more a sign of market maturity than a market crash.
The NFT market hasn’t crashed – it was never not crashed
11–20 of 31 posts
Re: The NFT market hasn’t crashed – it was never not crashed
#12Earlier quoted context omitted.
Quoted post unavailable.
I'd rather keep my shit for brains instead of trading it away to a scammer in exchange for a number on a blockchain we pretend is an image that has value because its on a blockchain. my shit for brains isn't the massive scam and fraud that is the NFT 'market' and is infinitely more valuable.
have you not heard about the NFT that is a title to a house? whoever owns that NFT owns that house. its not about images. what about the scam that is the US stock market? take a look at Gamestop. there should only be around 300,000,000 shares of Gamestop, but there are BILLIONS of counterfeit shares created via naked short selling. THAT is the real scam. blockchain will help solve issues like that. pull your head out of your ass.
Re: The NFT market hasn’t crashed – it was never not crashed
#13It's hard to imagine a topic less interesting than NFT. Anytime I read anything about this topic my primary reaction is astonishment that anyone cares.
Re: The NFT market hasn’t crashed – it was never not crashed
#14Earlier quoted context omitted.
I'd rather keep my shit for brains instead of trading it away to a scammer in exchange for a number on a blockchain we pretend is an image that has value because its on a blockchain. my shit for brains isn't the massive scam and fraud that is the NFT 'market' and is infinitely more valuable.
have you not heard about the NFT that is a title to a house? whoever owns that NFT owns that house. its not about images. what about the scam that is the US stock market? take a look at Gamestop. there should only be around 300,000,000 shares of Gamestop, but there are BILLIONS of counterfeit shares created via naked short selling. THAT is the real scam. blockchain will help solve issues like that. pull your head out…
I’ll believe “whoever owns that NFT owns that house” when Sheriff’s deputies doing an eviction care at all. They don’t.
In the convoluted NFT marketing stunt you’re referring to even the contract that attempts to associate the NFT that is precariously tied to an LLC that owns the house has language for being able to reissue the NFT AND acknowledges that ultimately the registration of the deed with the clerk is record. So exactly the same as forever.
Even the most bullish of blockchain people who actually understand how anything works acknowledge that the oracle problem is real and NFTs and real world assets don’t mix.
Re: The NFT market hasn’t crashed – it was never not crashed
#15Earlier quoted context omitted.
I'd rather keep my shit for brains instead of trading it away to a scammer in exchange for a number on a blockchain we pretend is an image that has value because its on a blockchain. my shit for brains isn't the massive scam and fraud that is the NFT 'market' and is infinitely more valuable.
have you not heard about the NFT that is a title to a house? whoever owns that NFT owns that house. its not about images. what about the scam that is the US stock market? take a look at Gamestop. there should only be around 300,000,000 shares of Gamestop, but there are BILLIONS of counterfeit shares created via naked short selling. THAT is the real scam. blockchain will help solve issues like that. pull your head out…
>have you not heard about the NFT that is a title to a house? whoever owns that NFT owns that house
a court can still decide who owns the house, regardless of where the NFT is. If someone squats in your house you're going to need the existing legal system to deal with it, and they dont care about your NFT. The whole thing will still rely on the courts, the law, and law enforcement.
Its 100% nonsense.
Re: The NFT market hasn’t crashed – it was never not crashed
#16I'm reminded of a previous article and discussion from January: "Shock Stat: More People Own Items in Second Life Than Own NFTs" [1][2] [1] https://nwn.blogs.com/nwn/2022/01/second-life-nft-ownership-... [2] HN discussion: https://news.ycombinator.com/item?id=29789584
Not shocking aItemst all. in second life actually mean something (in-game), and cost far far less than most NFTs.
Re: The NFT market hasn’t crashed – it was never not crashed
#17I'm reminded of a previous article and discussion from January: "Shock Stat: More People Own Items in Second Life Than Own NFTs" [1][2] [1] https://nwn.blogs.com/nwn/2022/01/second-life-nft-ownership-... [2] HN discussion: https://news.ycombinator.com/item?id=29789584
> Second Life hasn’t been “hot” in the tech world since 2008
This would be a bit more damning if the claim was "More People Bought Items in Second Life _in 2022_ Than Own NFTs".
I'd expect _anything_ that started in 2008 and hasn't formally died to be more successful than something that's barely had over a year in the market.
Re: The NFT market hasn’t crashed – it was never not crashed
#18It's hard to imagine a topic less interesting than NFT. Anytime I read anything about this topic my primary reaction is astonishment that anyone cares.
That's cruel and true and that's why it's funny. Woody Allen's Harry applauds too
Re: The NFT market hasn’t crashed – it was never not crashed
#19Re: The NFT market hasn’t crashed – it was never not crashed
#20It's hard to imagine a topic less interesting than NFT. Anytime I read anything about this topic my primary reaction is astonishment that anyone cares.
It is interesting to me because it has exposed people that were once respected and now look like grifters.
People like Tom Brady.