zlacker

>>nemoni+(OP)
It's astonishing to me that people will just buy into any success story that involves crypto and NFTs. People don't question why poorly drawn pictures are being bought for thousands of dollars, don't question why there are hundreds of altcoins on the market and some "cryptocurrency experts" are supposedly "offering free tips" on investment. The whole space is rife with scams and embellishments and yet there are so many people just blindly buying into it, including the damn BBC!

>>WilTim+o2
Why limit it to crypto? People don't question why the value of houses seems to magically rise globally despite no tangible value being added to the assets in most cases. People don't question why Wall Street traders get rich by trading second derivatives of mortgage backed securities with each other all day. What makes a mortgage any more "real" than an NFT?

>>globul+87
The magical value of houses has been a concern for decades (see numerous housing crash episodes) but there is a difference: the payment stream from a mortgage is enforced by laws and backed by the ability to take ownership of the mortgaged property. Perhaps a better comparison would be NFT vs mortgage _insurance_.