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  3. I need some explanation...

I need some explanation...

Scheduled Pinned Locked Moved The Lounge
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  • Kornfeld Eliyahu PeterK Offline
    Kornfeld Eliyahu PeterK Offline
    Kornfeld Eliyahu Peter
    wrote on last edited by
    #1

    ‘Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280[^] I just can't understand how one payed $2.9 million for something that not actually his. And I mean that that first post is on the public domain, everyone can include it in any article, you can see it on twitter... So what you actually buy, that worth $2.9 million (not to mention the expectation for $48 million)?

    “Real stupidity beats artificial intelligence every time.” ― Terry Pratchett, Hogfather

    "It never ceases to amaze me that a spacecraft launched in 1977 can be fixed remotely from Earth." ― Brian Cox

    OriginalGriffO Mike HankeyM L D D 6 Replies Last reply
    0
    • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

      ‘Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280[^] I just can't understand how one payed $2.9 million for something that not actually his. And I mean that that first post is on the public domain, everyone can include it in any article, you can see it on twitter... So what you actually buy, that worth $2.9 million (not to mention the expectation for $48 million)?

      “Real stupidity beats artificial intelligence every time.” ― Terry Pratchett, Hogfather

      OriginalGriffO Offline
      OriginalGriffO Offline
      OriginalGriff
      wrote on last edited by
      #2

      Because Crypto. And quantum, at the end. NFT's, CCs, ... they are a shell game combined with a Ponzi scheme: the Emperor's New Clothes under a digital wrapping. As long as there are believers to come in and shore it up, the house of cards does not collapse. Only the roof of left wing of it just did! Enough simile mangling for one day - I'm off to get :java:

      "I have no idea what I did, but I'm taking full credit for it." - ThisOldTony "Common sense is so rare these days, it should be classified as a super power" - Random T-shirt AntiTwitter: @DalekDave is now a follower!

      "I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
      "Common sense is so rare these days, it should be classified as a super power" - Random T-shirt

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      • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

        ‘Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280[^] I just can't understand how one payed $2.9 million for something that not actually his. And I mean that that first post is on the public domain, everyone can include it in any article, you can see it on twitter... So what you actually buy, that worth $2.9 million (not to mention the expectation for $48 million)?

        “Real stupidity beats artificial intelligence every time.” ― Terry Pratchett, Hogfather

        Mike HankeyM Offline
        Mike HankeyM Offline
        Mike Hankey
        wrote on last edited by
        #3

        Yeah me neither.

        The less you need, the more you have. Even a blind squirrel gets a nut...occasionally. JaxCoder.com

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        • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

          ‘Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280[^] I just can't understand how one payed $2.9 million for something that not actually his. And I mean that that first post is on the public domain, everyone can include it in any article, you can see it on twitter... So what you actually buy, that worth $2.9 million (not to mention the expectation for $48 million)?

          “Real stupidity beats artificial intelligence every time.” ― Terry Pratchett, Hogfather

          L Offline
          L Offline
          Lost User
          wrote on last edited by
          #4

          One used to blow their money on pet rocks. With crowd-sourcing, you can blow it on more expensive, pointless things.

          "Before entering on an understanding, I have meditated for a long time, and have foreseen what might happen. It is not genius which reveals to me suddenly, secretly, what I have to say or to do in a circumstance unexpected by other people; it is reflection, it is meditation." - Napoleon I

          Kornfeld Eliyahu PeterK 1 Reply Last reply
          0
          • L Lost User

            One used to blow their money on pet rocks. With crowd-sourcing, you can blow it on more expensive, pointless things.

            "Before entering on an understanding, I have meditated for a long time, and have foreseen what might happen. It is not genius which reveals to me suddenly, secretly, what I have to say or to do in a circumstance unexpected by other people; it is reflection, it is meditation." - Napoleon I

            Kornfeld Eliyahu PeterK Offline
            Kornfeld Eliyahu PeterK Offline
            Kornfeld Eliyahu Peter
            wrote on last edited by
            #5

            A pet-rock may cost $10-$20 and mostly for collection and not as investment... These NFTs are for millions, with expected revenue of millions... Something is wrong here...

            “Real stupidity beats artificial intelligence every time.” ― Terry Pratchett, Hogfather

            "It never ceases to amaze me that a spacecraft launched in 1977 can be fixed remotely from Earth." ― Brian Cox

            1 Reply Last reply
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            • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

              ‘Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280[^] I just can't understand how one payed $2.9 million for something that not actually his. And I mean that that first post is on the public domain, everyone can include it in any article, you can see it on twitter... So what you actually buy, that worth $2.9 million (not to mention the expectation for $48 million)?

              “Real stupidity beats artificial intelligence every time.” ― Terry Pratchett, Hogfather

              D Offline
              D Offline
              Dan Neely
              wrote on last edited by
              #6

              Kornfeld Eliyahu Peter wrote:

              I just can't understand how one payed $2.9 million for something that not actually his.

              99% of crypto news can be reduced to this story in 2 parts due to peoplessuckers unending faith in Line Goes Up. 1) Dunning-Krugerrands. 2) Money with wings. 💸💸💸

              Did you ever see history portrayed as an old man with a wise brow and pulseless heart, weighing all things in the balance of reason? Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful? --Zachris Topelius

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              • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

                ‘Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280[^] I just can't understand how one payed $2.9 million for something that not actually his. And I mean that that first post is on the public domain, everyone can include it in any article, you can see it on twitter... So what you actually buy, that worth $2.9 million (not to mention the expectation for $48 million)?

                “Real stupidity beats artificial intelligence every time.” ― Terry Pratchett, Hogfather

                D Offline
                D Offline
                dandy72
                wrote on last edited by
                #7

                All I know is that NFTs aren't for me, as I'm the type of guy who still wouldn't pay $10 for the real/original/authentic Mona Lisa. I've seen it. It can be reproduced. What would "owning" the original provide me with?

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                • Kornfeld Eliyahu PeterK Kornfeld Eliyahu Peter

                  ‘Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280[^] I just can't understand how one payed $2.9 million for something that not actually his. And I mean that that first post is on the public domain, everyone can include it in any article, you can see it on twitter... So what you actually buy, that worth $2.9 million (not to mention the expectation for $48 million)?

                  “Real stupidity beats artificial intelligence every time.” ― Terry Pratchett, Hogfather

                  W Offline
                  W Offline
                  willichan
                  wrote on last edited by
                  #8

                  You have to consider the true NFT acronym. Not For Thinkers ---------- Money makes the world go round ... but documentation moves the money.

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