Peck by 17yRQB…wzet

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.

17yRQB…wzet 6d

Unverified · twetch

Every sale of an nft should lock a portion of the sale in locked up bsv within the nft. This would mean they all have potential value as long as the chain survives. I posted an example of btc art that contained small amounts of btc many years ago. What cost 40 to 50 dollars became worth hundreds even thousands. These were physical prints of artwork. Would work better with nfts.

203 686 sat

What the chain says

Transaction: 60d536fc2064998e439429652e4ace0b70048d6b37a647b1b7496eeb50721140
Block: 969 180
Time: 2026-10-01T14:38:08Z
Signer: 17yRQBcWRZnzXcchv1Ntqh1W9Ygi5Ywzet
App: twetch
Type: reply
Content type: text/markdown
Reply to: 6818ba36173a49fdc3a37334f5bfdc9244fa8b2cda4aa7b72ec537375cccfbeb

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

Signed by 17yRQBcWRZnzXcchv1Ntqh1W9Ygi5Ywzet Unverified

Replies (6)

17yRQB…wzet 6d

Unverified · twetch

Replying to@17yRQB…wzet

Working as as an example 10 percent of mint price locked bsv, then someone sells after mint 10 percent of that sale price and so on. If it flips 3 or 4 times u have this bsv in there. Then bsv goes up value goes up etc.

203 686 sat

Actual Ayyy 6d

18xXxq…a31p Unverified · twetch

Replying to@17yRQB…wzet

This is like a cool add-on you could do but it doesn't really speak to "Do digital items with provenance have intrinsic value simply as art etc"

17yRQB…wzet 6d

Unverified · twetch

Replying to@17yRQB…wzet

I also have an idea to do fractional gold and locked bsv with nfts. But it's more complicated and would require mailing a physical item to owners. Sorta like twetch comfies/ hats.

204 813 sat

17yRQB…wzet 6d

Unverified · twetch

Replying to@17yRQB…wzet

This is a 1/100th ounce of gold I'm currency called a Utah goldback. It's gold plated. They even have 1/1000th notes. So say for example we have an NFT that sells for 100 dollar mint price. You got a non redeemed gold certificate and qp percent of each sale from mint on forward in locked bsv. That is a triple investment and guarantees some residual value with speculative value. What ya think?

205 075 sat

17yRQB…wzet 6d

Unverified · twetch

Replying to@17yRQB…wzet

Sorry forgot the pic

17yRQB…wzet 6d

Unverified · twetch

Replying to@17yRQB…wzet

Also this idea from Larry is interesting. Small royalty for whoever mints

1KWBq2…cSkK 6d

Ah y también agregaría otro pequeño porcentaje de royalty para el que acuñó y el activo se logre revender (cada vez que ocurra).

Post by 17yRQB…wzet

Replies (6)