Post by 1G15jb…2UXp

18xXxq…a31p Unverified · twetch

Getting in a debate this morning with a buddy who thinks NFT's are retarded and worthless and just ponzi schemes.

Says they have "no intrinsic value" and can "just be copied by anyone" and that proof of ownership is irrelevant because it's not a physical item. Doesn't seem to care that anyone can copy the mona lisa as well.

Not sure how to get through to him that just because he thinks it's dumb and doesn't assign value to digital ownership of art, doesn't mean everyone does.

Sure most NFT's will go to 0, but not all of them will, and their value isn't entirely determined by people who think they are stupid.

Unverified · twetch

I agree with your friend. Unless the nft grants you access to something unique, like an in game item, it's grift

What the chain says
Block
969 180
Time
2026-10-01T14:30:09Z
Signer
1G15jb1oQzB3oV6TEBaXfKA5PD6jSS2UXp
App
twetch
Type
reply
Content type
text/markdown

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1G15jb1oQzB3oV6TEBaXfKA5PD6jSS2UXp Unverified

Replies (10)

18xXxq…a31p Unverified · twetch
Replying to@1G15jb…2UXp

I disagree, art is art. Doesn't matter to me whether it's on a digital canvas or a physical one.

Attached image
18xXxq…a31p Unverified · twetch
Replying to@18xXxq…a31p

@127 doesn't seem to feel grifted and in fact seems to enjoy collecting NFT's without being sure if he'll profit or lose on them in the end. There's of people like that out there. These things have value to people.

Unverified · twetch
Replying to@18xXxq…a31p

Retardation is prevalent in the space. It's not a very good supportive argument. But if you feel this way buy some more and hope for them to appreciate. And if they don't at least you can look at them on your phone when you need a pick me up

18xXxq…a31p Unverified · twetch
Replying to@1G15jb…2UXp

I don't like speculating on NFT's at all, I think most will go to 0.

Another point I just made to him is "What if a famous artist released an NFT collection, would they be worthless?" What if da vinci, or banksy, etc, released an NFT collection? People would value them. They would retain their value and appreciate, actually. Doesn't matter that they can be "copy pasted", there's still digital provenance attached to the originals, there's still true ownership.

Continue thread →

This thread is longer than one page shows. Open a reply to see what follows it.