If You Think Bitcoin is a Ponzi, What About NFTs?
By Chris Black
NFT boils down to:
Person 1: I own the real thing.
Person 2: But I can copy it and save it to my computer, and it looks the same.
Person 1: But I own it and yours is a copy.
Person 2: An identical copy, and anyone else can do the same.
Person 1: It doesn’t matter how many identical copies there are. Mine is the only one that is real.
Person 2: How is yours more real than mine when both are digital and identical? What point is there in owning something that has no value as an actual item since everyone else can have it for free?
Person 1: Because I can sell my real one for a profit.
Person 2: What idiot would pay for something you can have for free?
Person 1: You just don’t get it.