It was funny that one day, outta nowhere, someone I worked with previously just called me to tell me that I should start converting my work to NFTs. I asked him directly what the mechanism is, but he just kept going in circles and said converting my work to NFTs is how the money is made.
The other interesting thing is that influencers like Ella Orten were claiming they were making so much money on their NFTs and outright giving fake financial advice on their social networking reels along with numbers and graphs and such. She absolutely committed securities fraud and violations, but all these influencers always get away with it.
I’m surprised TicketBastard didn’t jump all over NFTs. As investments, they’re worthless. As a way of being an item that can be proven authentic and resold electronically, they have value as a tool. The ideal real-world application would be something like concert tickets.
If there is a better example of speculation over value ever created I haven’t seen it. At least the gold bugs get a paperweight out of their investments.
This goes for art in general, people have a mob mentality when it comes to value. Most of the time dollars are associated with the name not the piece. Market value is based on the illusion what the “other guy might pay”, not on how visually appealing the work is. Some very famous, extremely expensive pieces I personally would pass on even if they were in the clearance bin in Walmart.
NFT’s are one of many examples I use to teach my sons that no one in this world is better than they are and everyone can be suspectible to bullshit. It’s also a good reminder that media is suspect all up and down the chain.
Very few media outlets called out NFT’s for what they were and if they cannot be honest about that or recognize it…
I’m shocked. Utterly SHOCKED.
We didn’t need a study to tell us that. We all knew it from day 1.
No. Doy.
Only surprised it’s not 100% tbh.
A reminder that there’s a 5% error margin.
This is a flawed study, though.
I can tell because the real number is closer to 100%
It was funny that one day, outta nowhere, someone I worked with previously just called me to tell me that I should start converting my work to NFTs. I asked him directly what the mechanism is, but he just kept going in circles and said converting my work to NFTs is how the money is made.
The other interesting thing is that influencers like Ella Orten were claiming they were making so much money on their NFTs and outright giving fake financial advice on their social networking reels along with numbers and graphs and such. She absolutely committed securities fraud and violations, but all these influencers always get away with it.
>**Study Says 95% Of NFTs Are Worthless**
Further Study Shows Remaining 5% Also Worthless
100% of NFTs are worthless. 95% are Valueless as well.
This survey has an error of +- 5%
One of the biggest cons/money laundering schemes ever
Always has been.
It’s got a 5% margin for error then
So, we were all right and the crypto nuts weren’t. What a surprise
I’m surprised TicketBastard didn’t jump all over NFTs. As investments, they’re worthless. As a way of being an item that can be proven authentic and resold electronically, they have value as a tool. The ideal real-world application would be something like concert tickets.
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If there is a better example of speculation over value ever created I haven’t seen it. At least the gold bugs get a paperweight out of their investments.
If you aren’t creating the “get rich quick” scheme or on the ground floor…you’re getting scammed.
I’m shocked that 5% of them are not.
Pssst, the secret is that they were worthless all along
Wow! I can’t believe that 5% of NFTs have value
That’s about 5% too low
On the list of things we didn’t need a study for…..
Wait?! 5% of NFTs actually have value?
Most studies are accurate to within 5%….
Believe it or not, the other 5 percent are also worthless
“General Population says 100% of NFTs were worthless to begin with.”
This goes for art in general, people have a mob mentality when it comes to value. Most of the time dollars are associated with the name not the piece. Market value is based on the illusion what the “other guy might pay”, not on how visually appealing the work is. Some very famous, extremely expensive pieces I personally would pass on even if they were in the clearance bin in Walmart.
more like 100%
NFT’s are one of many examples I use to teach my sons that no one in this world is better than they are and everyone can be suspectible to bullshit. It’s also a good reminder that media is suspect all up and down the chain.
Very few media outlets called out NFT’s for what they were and if they cannot be honest about that or recognize it…
Things are worth exactly and only what people are willing to pay for them.
common sense told me 100% of NFTs were worthless from the start… and most of them are ugly too
I’m surprised the number is so low. 100% of NFTs are worthless.
95%? I’m sure 100% is worthless.
Only 95%?
I’d say 100% are useless to anyone with a functioning brain.
Survey with an error rate of 4.9%?
+-5%
I think you had a typo there when trying to write 100%
Only 95%?
And the other 5%? Also worthless.