Keep NFT out of FF14

[Mysticp]

Market cap in crypto is the amount value of all coins mined.
It has nothing to do with circulating supply or total supply. Circulating supply is the approximate number of coins in circulation and total supply is the known number of coins. Both are reflective of the price of the stock.
Sandbox has a Max supply and total supply of 3B coins with only 919M in circulation .
Bitcoin on the other hand has a Max supply of 21B coins with 18M in circulation and total supply of 18M.
Which of those is worth 45K a coin again?

The value of the NFT is reflective of the amount of people invested into it. The only way a NFT is valuable is if people buy into it to support the NFT. Its not going to magically change because over time it grew from 7ths of a cent to 7.90$ over a year then split by half over the next 6 months. Long term investment =/= the scam of short term pump and dumps. So no, there is nothing to discuss at this point other than a pointless conversation about how you think crypto isn't trash and a scam.
You either consistently invest into the NFT that SE could potentially release to ensure its value, or you watch as it gets devalued over time. And I just have to add, a SE NFT won't be backed by SE financially. Its all user buy in.

Once again this is incorrect. Marketcap is Circulating supply x current price. Marketcap does not include total supply. This aspect is factual and not debatable. If you want to verify this for yourself please go to coingecko or coinmarketcap and hover over the the marketcap of any crypto and this will be shown as the calculation.

To further prove this:
Bitcoin for example has a price of 46,910
marketcap of $887,468,007,750
Circulating supply of 18,918,525
So do the math: 46,910 x 18,918,525 = 887,468,007,750

Now that I have proven that part wrong can we move on?

Now as for NFT's. You are correct in that for it to have value people have to assign value to it. That is no different from any other product. Things do not go up magically. They go up with an increase in demand. If demand goes down then price will follow so your point about you need to invest in it is accurate. However, once again this is true for any product that has a market. You have in no way shown that anything is a scam. NFT's are just digital containers that can be sold as goods. No more no less.

[dapperfaffer]

Once again this is incorrect. Marketcap is Circulating supply x current price. Marketcap does not include total supply. This aspect is factual and not debatable. If you want to verify this for yourself please go to coingecko or coinmarketcap and hover over the the marketcap of any crypto and this will be shown as the calculation.

To further prove this:
Bitcoin for example has a price of 46,910
marketcap of $887,468,007,750
Circulating supply of 18,918,525
So do the math: 46,910 x 18,918,525 = 887,468,007,750

Now that I have proven that part wrong can we move on?

Now as for NFT's. You are correct in that for it to have value people have to assign value to it. That is no different from any other product. Things do not go up magically. They go up with an increase in demand. If demand goes down then price will follow so your point about you need to invest in it is accurate. However, once again this is true for any product that has a market. You have in no way shown that anything is a scam. NFT's are just digital containers that can be sold as goods. No more no less.

Marketcap means nothing, its the total value of all the circulating coins and thats it. If you can't understand why having a high total supply, and in the case of Sandbox almost 2B differential of coins available to whats in circulation supply, and how that devalues an NFT I can't help you and I'm not explaining it to you.

[Mysticp]

Marketcap means nothing, its the total value of all the circulating coins and thats it. If you can't understand why having a high total supply, and in the case of Sandbox almost 2B differential of coins available to whats in circulation supply, and how that devalues an NFT I can't help you and I'm not explaining it to you.

Let's establish that you were incorrect in your evaluation of what marketcap was. If you are talking about total value of all supplied coins then that is a metric called Fully diluted marketcap. There is a reason that this is a separate metric. Having a large supply is not in of itself a bad thing. It would be if the increased supply was dumped at a period of low demand. In crypto, the total supply of a token is trickled out to meet demand through an unlock period. Also, while this is an interesting chat about crypto it has nothing to do with NFTs nor does it have to do with 'devaluing' them. An NFT is not necessarily tied to crypto currency. An NFT is just a digital container of information.