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> I don't think anyone who buys an NFT wants that NFT; they just hope to flip it for more money than they spent. Is this not just how financial assets in gener
by dade 5y ago
> I don't think anyone who buys an NFT wants that NFT; they just hope to flip it for more money than they spent.
Is this not just how financial assets in general works? Anyone buying Amazon's share are not buying it because they want that share. They buy it because they hope some time down the line (weeks, months, years) they can flip it for more money than they spent.
- suzzer99 5y agoYes. But the intrinsic value of a piece of art is tied to someone wanting to own that art for the enjoyment of it. The intrinsic value of a stock is tied to the earning power of the company you own a small piece of. NFTs have no earning power.
- piaste 5y agoNFTs cannot pay dividends and do not have boards of governance. A share without votes and without dividends would be worth $0. (Also, many NFT shills and/or shovel salesmen fervently insist that they're selfless patrons of the arts, rather than simply trying to make ponzi cash)
- AlexCoventry 5y agoIn theory, an Amazon share is a share in future profits of a productive business.