Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Artists

SWBTATTReg

(25,801 posts)

3. NFTs aren't regulated or anything like that, I think. So in effect, it's a worthless token that they (the issuers of

Reply to bif (Original post)

Mon Oct 6, 2025, 06:46 PM

Oct 6

the NFTs) attempted to gain value (the items in question purchased by the NFTs) w/o really paying anything.

In effect, it's like me saying a Kleenex I grabbed out of the tissue box is worth something simply because I declared it to be worth something.

It's like picking up a scrap piece of paper off the floor and stating that it's worth ten bucks $10.

Try to buy something w/ that scrap piece of paper later, you'll find that most people won't see it valued at $10.

They're trying to create their own money w/o creating value or something like the US Dollar is.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

4 replies

= new reply since forum marked as read

Highlight:

Where have all the NFT offers gone? [View all] bif Oct 6 OP

Artists started rejecting the "offers" and FalloutShelter Oct 6 #1

Mine says "No NFTs" as well bif Oct 6 #2

NFTs aren't regulated or anything like that, I think. So in effect, it's a worthless token that they (the issuers of SWBTATTReg Oct 6 #3

I'm aware of what NFATs are. bif Oct 7 #4