Jack Dorsey’s $2.9 Million NFT Auctions For $280!!
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The hottest new investment vehicle are so-called NFTs, short for “Non-Fungible Tokens.” An NFT of Twitter founder Jack Dorsey’s first tweet last year sold for $2.9 million, but an attempt to auction off the very same NFT recently brought in a high bid of only $280. Are NFTs a scam, and have people woken up to the realization that there’s virtually no difference between owning an NFT and owning nothing?
Jimmy and American comedian Kurt Metzger discuss the rise of NFTs in an era of increased income inequality and vast wealth concentrated in few hands.
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Crypto as suffered from the greater fool theory and will correct. you will need thousands of bitcoin to buy a pizza. IT IS COMING.
I'VE ALWAYS SAID THAT NFTs HAD ZERO VALUE LMFAO THEY DON'T ACTUALLY EXIST
Like art, it allows the wealthy to dodge taxes
Dorsey's first tweet sold for $2.9 million. Turns out it's not worth Jack.
This is literally the liberal equivalent of a conservative televangelist selling Holy Water.
NFT is just another BITCOIN married to Mona Lisa
Nothing plunged… it was always worth nothing…
NFTs are a scam. Their creators sell them to “themselves” for inflated prices then use the inflated price to resell them to a sucker.
What is MurAll?
MurAll is a collaborative canvas allowing artists worldwide to paint onto an ever evolving piece of art. This is a first of its kind project made possible by the use of blockchain technology.
Speaking of teleportation, the eminently lovable scumbag father of kinky bent spacetime once put a gravity pervert's curse on generic unborn whitey in true rich religious coward fashion. Is there an NFT commemorating that genius move?
I see how NFT's can be used in different ways. The rapper Torey Lanez released an e-nft album independently and he sold 1 million copies in less than 1 minute. He was able to get around the politics of the music industry and make money himself.
Now that's not that valuable because there is a million copies of it. But what about something like this…
Undefeated boxer Floyd Mayweather releases his strategies for defeating his opponents in the ring. He only makes 20 copies and they all cost one million dollars. There are people who would pay for that nft. And if they don't bootleg it, they would have something that is extremely valuable.
Jimmy. Did you miss a huge opportunity to sell an NFT of your first knock-knock joke?
The true value of nft’s comes from publishing on the blockchain without centralized copyright authority. I can publish a book as an nft, and because it’s on the blockchain NO ONE can plagiarize, steal, or claim original work as theirs. It’s value is as great as the quality of the content. The copies of the nft are not a substitute for the item on the blockchain because ithe copies can be altered. The fact that it’s true use is being obscured and minimized in such frivolous ways makes me wonder if this kind of behavior is organic or an attempt to tarnish nft’s so creatives continue to have their ip stolen or paid a pittance by ultra-mega-multi-corp.
The people who doubt NFT`s have their music collections stored on their cell phones, Jimmy is not representative of the new generations.
Nft are a scam.
Someone will buy it just in spite of everyone making fun of it.
Reminds me of all the famous-artist abstract paintings stolen from historically-disadvantaged no-doubt honest holocaust victims who clearly could not have been running some sort of globalist media scam.
must be money-laundering buisness… no way people invest in such crap,right!?
An NFT is just a contract to buy and sell something that is supposedly unique. That is all. The underlying asset does not necessarily have to be digital. The contract is digital but the thing being traded could just as well be real. NFT is just a form of transaction and recording contracts.
He could disappear to a homeless encampment and fit right in.