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 scarcity of houses is real and physical. The scarcity of NFTs is artificial, completely made up.

>>cutebo+K9
> The scarcity of houses is real and physical

Not really in a lot of cities, most scarcity is based on government regulations (=not allowing more of them to be built, or not allowed to build larger ones). There are a few locations where there is no actual usable space to build more, but mostly, that is not an issue.

>>ajsnig+Sa
The scarcity of land is physical. And to supply more housing you need to pay for the ownership of physical assets, and then for people to physically demolish them and physically build bigger structures, which is a lot of expensive to take if the demand for property doesn't already exceed its supply

Or you could create more "limited edition" monkey pictures at essentially zero marginal cost.