Thread: Rant NFT's
View Single Post
Old 11-21-2021, 09:49 PM  
ForrestBlack
Confirmed User
 
ForrestBlack's Avatar
 
Industry Role:
Join Date: Oct 2002
Location: West Hollywood
Posts: 226
As the first adult sites to take crypto, our initial Bitcoins cost us exactly nothing, and we held them till sometime after BTC hit $20k (then traded some in for real estate, new business ventures, etc.) We used to successfully sell year memberships for 1BTC (as well as fractional as the value rose over time.) The irony was that at that time I was upset that people were mostly using BTC as a store of value and not a currency, which honestly does dissuade it's commercial use. Now we take a number of coins.

There is value in the current NFT marketspace, but I think it's still in the explorative proof of concept stage. It's great to be able to authenticate ownership of digital assets, but a lot of this current hype is a cross between a Dutch tulip market and the digitization of art based tax dodging. This isn't to say folks won't get rich playing the game though.
ForrestBlack is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote