NFT of a jpg sells for $69 million

Chat about non-baseball topics. No political discussions!
Post Reply
AWvsCBsteeeerike3
"I could totally eat a pig butt, if smoked correctly!"
Posts: 27273
Joined: August 5 08, 11:24 am
Location: Thinking of the Children

Re: NFT of a jpg sells for $69 million

Post by AWvsCBsteeeerike3 »

kriptopoulin wrote:
March 17 22, 11:38 pm
i don't understand please explain little bit more.
What do you not understand?

User avatar
kriptopoulin
Meatloaf Aficionado
Posts: 101
Joined: February 22 22, 4:07 am

Re: NFT of a jpg sells for $69 million

Post by kriptopoulin »

heyzeus wrote:
March 11 21, 1:53 pm
GET OUT OF MY DREAMS GET INTO MY CAR
yeah exactly

User avatar
heyzeus
Everday Unicorn
Posts: 41342
Joined: April 21 06, 10:14 am
Location: Austin, TX
Contact:

Re: NFT of a jpg sells for $69 million

Post by heyzeus »

kriptopoulin wrote:
March 20 22, 11:53 pm
heyzeus wrote:
March 11 21, 1:53 pm
GET OUT OF MY DREAMS GET INTO MY CAR
yeah exactly
Are you in my car yet?

User avatar
BottenFieldofDreams
Perennial All-Star
Posts: 4502
Joined: June 4 17, 10:04 pm

Re: NFT of a jpg sells for $69 million

Post by BottenFieldofDreams »

I do think crypto currency is here for good, though maybe not just as it is now. NFTs are definitely one of the pets.coms of the new web. When the bubble bursts and I can buy that NFT for $1.5k it's still a hard pass.

User avatar
Joe Shlabotnik
Hall Of Famer
Posts: 23105
Joined: October 12 06, 2:21 pm
Location: Baseball Ref Bullpen
Contact:

Re: NFT of a jpg sells for $69 million

Post by Joe Shlabotnik »

BottenFieldofDreams wrote:
March 21 22, 11:09 am
I do think crypto currency is here for good, though maybe not just as it is now. NFTs are definitely one of the pets.coms of the new web. When the bubble bursts and I can buy that NFT for $1.5k it's still a hard pass.
Transactions take too long. The blockchain is public and easily hacked. The whole thing is controlled by a few players. No way crypto has a long term future.

User avatar
Big Amoco Sign
Master of Hyperbole
Posts: 14402
Joined: December 1 17, 11:05 am

Re: NFT of a jpg sells for $69 million

Post by Big Amoco Sign »

Joe Shlabotnik wrote:
March 21 22, 11:17 am
BottenFieldofDreams wrote:
March 21 22, 11:09 am
I do think crypto currency is here for good, though maybe not just as it is now. NFTs are definitely one of the pets.coms of the new web. When the bubble bursts and I can buy that NFT for $1.5k it's still a hard pass.
Transactions take too long. The blockchain is public and easily hacked. The whole thing is controlled by a few players. No way crypto has a long term future.
You sound like the people 8 years ago. There's crypto-sponsored sports teams. Gambling. Ads on jerseys etc. All over TV. It's here to stay.

I agree that there's a "fourth industrial revolution" element here. And I would advise lots of caution taking part. But it's here for the long while.

User avatar
Joe Shlabotnik
Hall Of Famer
Posts: 23105
Joined: October 12 06, 2:21 pm
Location: Baseball Ref Bullpen
Contact:

Re: NFT of a jpg sells for $69 million

Post by Joe Shlabotnik »

Big Amoco Sign wrote:
March 21 22, 1:57 pm
Joe Shlabotnik wrote:
March 21 22, 11:17 am
BottenFieldofDreams wrote:
March 21 22, 11:09 am
I do think crypto currency is here for good, though maybe not just as it is now. NFTs are definitely one of the pets.coms of the new web. When the bubble bursts and I can buy that NFT for $1.5k it's still a hard pass.
Transactions take too long. The blockchain is public and easily hacked. The whole thing is controlled by a few players. No way crypto has a long term future.
You sound like the people 8 years ago. There's crypto-sponsored sports teams. Gambling. Ads on jerseys etc. All over TV. It's here to stay.

I agree that there's a "fourth industrial revolution" element here. And I would advise lots of caution taking part. But it's here for the long while.
How in the hell are you going to get writing transactions into the block chain at the scale necessary to use for legal tender? Then there's the electricity needed to keep the whole house of cards from tumbling down. No way this is a long term viable method of payment. No way. And I'll put any amount of money on that.

It's a sexy prototype. Never fly at the scale it needs to.

User avatar
Big Amoco Sign
Master of Hyperbole
Posts: 14402
Joined: December 1 17, 11:05 am

Re: NFT of a jpg sells for $69 million

Post by Big Amoco Sign »

I don't know man... gaining more ground by the year. I don't like it but Bitcoin has already "arrived."

Doesn't help that there's thousands of economic articles saying otherwise.

User avatar
ghostrunner
Hall Of Famer
Posts: 28744
Joined: April 18 06, 9:40 pm

Re: NFT of a jpg sells for $69 million

Post by ghostrunner »

it’s probably here to stay, but as what? I don’t think you can call it a currency, and I don’t think it has a future there. Dollars are already created electronically and that system basically works well. So what’s the real advantage for most people? The complication of it seems like a huge barrier.

User avatar
heyzeus
Everday Unicorn
Posts: 41342
Joined: April 21 06, 10:14 am
Location: Austin, TX
Contact:

Re: NFT of a jpg sells for $69 million

Post by heyzeus »

ghostrunner wrote:
March 21 22, 7:47 pm
it’s probably here to stay, but as what? I don’t think you can call it a currency, and I don’t think it has a future there. Dollars are already created electronically and that system basically works well. So what’s the real advantage for most people? The complication of it seems like a huge barrier.
That's where I'm at. All of my money is already essentially electronic currency. The future of crypto is the present of crypto: Primarily a speculative asset not unlike precious metals, and then also a better payment system than those same precious metals for black market transactions.

Post Reply