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@SmudgeTheInsultCat
It's pretty obvious that the main purpose of NFTs were for money laundering, closely resembling the way real estate used to be the go-to method for money laundering. Crypto is good for that, too. -
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@SmudgeTheInsultCat So if I crop that screenshot, I can “own” the same NFT image.
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@JessTheUnstill @SmudgeTheInsultCat Did they though? Apparently, there's still someone out there who's willing to pay $155 for something that is essentially worthless.
@Cameopilot @JessTheUnstill @SmudgeTheInsultCat Well … if Paul still owns the NFT, then his loss has not materialized yet. Het still “owns” the “asset”. It could increase in value again, theoretically. But buy it from him at $155 and you can have the warm feeling that you’ve cost Logan Paul $634.845. That is money that he is never going to get back, even if NFTs suddenly became popular again.
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He did it for the clicks. Big influencer energy.
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@SmudgeTheInsultCat Why is it even worth $155? Can I just screen-cap the dumb image and be $155 richer?
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@SmudgeTheInsultCat Why is it even worth $155? Can I just screen-cap the dumb image and be $155 richer?
@c_dan4th @SmudgeTheInsultCat I'm not sure that $635K is a larger fraction of Paul's ill-begotten wealth than $155 is of mine. Sadly.
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@SmudgeTheInsultCat
It's pretty obvious that the main purpose of NFTs were for money laundering, closely resembling the way real estate used to be the go-to method for money laundering. Crypto is good for that, too.@claralistensprechen5th @SmudgeTheInsultCat Starting to believe that building an AI data center is the goto mechanism these days.
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@JessTheUnstill @SmudgeTheInsultCat Did they though? Apparently, there's still someone out there who's willing to pay $155 for something that is essentially worthless.
@Cameopilot @JessTheUnstill @SmudgeTheInsultCat But by now it has value as a collectors' item, due to this history
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I consider that the person who sells the NFT for ~650k$ is smart.
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@SmudgeTheInsultCat I kept trying and failing to wrap my head around how many people were falling for such a stupid thing. I'm glad it finally ended up that the rest of the world came to that realization too
I am pretty sure that these people were fully aware of the scam.
I once discuss with a person who was playing in a stock exchange simulation intending to become a trader in future. He was considering trading as a casino game : "I don't care to make profit on losers".
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@SmudgeTheInsultCat still 155 USD above market value
c'mon efficent market hypothesis do your work -
@claralistensprechen5th @SmudgeTheInsultCat Starting to believe that building an AI data center is the goto mechanism these days.
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@SmudgeTheInsultCat I laughed so hard at this, thanks
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@SmudgeTheInsultCat @Migueldeicaza worth noting that Lauren Chen is a fascist apparatchik, federally indicted Russian propagandist, turning point USA employee among other crimes against humanity. I will admit this is a zinger but best to avoid platforming her
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