“But all his NFTs look like a bad investment noooooo”
No sh$t, dumbass. Are you retarded? NFTs are not a great bet rn.
They’re not supposed to make you money.
They’re not even really supposed to net make him money, in the short term.
Massively larger liability than the gains. Have you not been seeing the massive lawfare being waged over the tiniest things?
These NFTs ARE meant to be a form of “costly signaling” — taking on the big net liability, while the other side refuses to, as a costly signal to show who’s on crypto’s side.
If not, what’s your excuse for top left figures not launching their own NFTs, if it’s such a net-great grift. Their wonderful morals? Give me a break.
Things can have massive negative value by themselves but massive positive value when used for signaling
— e.g. finding a nonce that creates a hash with 20 leading zeros would be practically worthless, far from the millions miners charge for it, except for its signaling power, in signaling a trustworthy miner.
No. You’re not supposed to make money on them.
It’s signaling. Costly signaling.
Study thinking.
No sh$t, dumbass. Are you retarded? NFTs are not a great bet rn.
They’re not supposed to make you money.
They’re not even really supposed to net make him money, in the short term.
Massively larger liability than the gains. Have you not been seeing the massive lawfare being waged over the tiniest things?
These NFTs ARE meant to be a form of “costly signaling” — taking on the big net liability, while the other side refuses to, as a costly signal to show who’s on crypto’s side.
If not, what’s your excuse for top left figures not launching their own NFTs, if it’s such a net-great grift. Their wonderful morals? Give me a break.
Things can have massive negative value by themselves but massive positive value when used for signaling
— e.g. finding a nonce that creates a hash with 20 leading zeros would be practically worthless, far from the millions miners charge for it, except for its signaling power, in signaling a trustworthy miner.
No. You’re not supposed to make money on them.
It’s signaling. Costly signaling.
Study thinking.
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Michigan Secretary of State Jocelyn Benson threatens election officials who would consider not certifying the state's election results.
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