2tone@lemmy.world to Technology@lemmy.worldEnglish · 2 years agoA key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore.www.theverge.comexternal-linkmessage-square229fedilinkarrow-up1574arrow-down129
arrow-up1545arrow-down1external-linkA key feature of NFTs has completely broken / Web3 was supposed to make sure the original artist always got paid. Not so much anymore.www.theverge.com2tone@lemmy.world to Technology@lemmy.worldEnglish · 2 years agomessage-square229fedilink
minus-squareUncle_Bagel@midwest.sociallinkfedilinkEnglisharrow-up8arrow-down1·2 years agoUSD had value in that it is how i pay my taxes. I can either use USD to pay taxes or go to jail. That’s about as concrete as value can get.
minus-squaredx1@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·2 years agoYes, the value comes from ADOPTION.
minus-squareAstroturfed@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-22 years agoSo, you’re claiming that you need a constant new stream of people buying into it, to make it work? Man, that’s almost like the definition of a ponzi scheme. Weird.
USD had value in that it is how i pay my taxes. I can either use USD to pay taxes or go to jail. That’s about as concrete as value can get.
Yes, the value comes from ADOPTION.
So, you’re claiming that you need a constant new stream of people buying into it, to make it work? Man, that’s almost like the definition of a ponzi scheme. Weird.