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@REPLYADDR Alan Browne <bitbucket@blackhole.com>
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On 2023-09-23 19:08, RichA wrote:
> People prefer tangible assets when it comes to goods. Gold, fine
art prints, vintage cameras.
>
>
https://petapixel.com/2023/09/20/95-of-nfts-are-worthless-report/
Given that an NFT`d piece of work (of value or not) was never, itself,
"liened" to the NFT, this is no surprise.
The remaining 5% just have to be exposed to the reality of attempted
liquidation.[1]
NFT`s are sort of like saying:
Here is a link to a webpage. The webpage is worth $10B.
Now, let me sell you the link as an NFT for a mere $1M? SUCH A DEAL!
[1] Price discovery is a bitch.
--
"Markets can remain irrational longer than your can remain solvent."
- John Maynard Keynes.
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