Quote Originally Posted by ApolloGenX View Post
There is a difference between arguing against NFTs as a valid concept... and saying this game is not an appropriate avenue. I have no problems with NFTs... just not in this game.

Take for example your tin can. Ok, a tin can isn't a scam, sure.... but that doesn't mean it can't be used in one. You are assuming symmetry of information. That is not the case with NFTs.

For example: (Not to give ideas)... but kids at school play FFXIV. Ok, let's say one of them gets some kind of NFT. Great. Now the kid gets tired of it... and instead hypes it to his friend... or maybe someone he isn't friends with... maybe even puts social pressure on him/her and casts them as a "newb" or something worse (cause kids, right?)... so the kid asks his parents for the NFT for his bday. Kid one agrees to sell it to him for a huge profit. Parents don't know what the heck it is, it's an in game item that little kid says is so important... sure let's get it for him. (Who says THEY know the difference between this and the Mog Store?)

That's a potential scam or at least pump n dump scheme that could easily happen. This is why I have ethical issues with it in THIS context.

This is an avenue of trading that is not so different from speculative markets and the lack of information/education around it leaves it open to bad actors.

I am all for investing and teaching kids and adults about responsible investment. Mixing investment rules with entertainment and speculative values is unethical in this avenue, imo.
There will always be bad actors. In your example since the parents are asked for the money then it would be up to them to do their due diligence. What is the item? what markets does it trade on? and is it a fair trade? If they did not have time to do this then deny the child until they do. If the child has their own money to buy the item then the parents should teach them how to do this due diligence on their own. Nothing wrong with a parent deciding to not allow purchases until they are confident in the child's ability to discern. Additionally, parental controls are something that can also be added.