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Author Topic: Why do you all ignore alternative tech on Bitcoin?  (Read 558 times)
pooya87
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September 01, 2022, 04:03:45 AM
 #41

Someone creates a digital/physical art.
They create a token for it and sell that token to someone for a lot of money.
2 days later the artist decides that they didn't earn enough money from the first sale so they create another token and sell it to someone else.
A third party downloads the same art from the internet and creates their own token from that art and sells it to someone else making money that way.

So yeah NFTs have a lot of "utility" Smiley

The ugly truth is that so far there has not been even single real world problem that tokens solved. It's true that the market is big and a lot of money is changing hands (and being laundered through tokens) but they still haven't solved anything.
They are simply used to raise funds and nothing else. And fund raising can be done through many other methods.

The problem is that the real question is never answered by avoiding it altogether and focusing on irrelevant matters such as the market size, how expensive a token was sold, the profit, quality of the art, ...

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