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  1. #1
    Player
    Mysticp's Avatar
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    Jan 2022
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    48
    Character
    Kriasa Arcanis
    World
    Lamia
    Main Class
    White Mage Lv 90
    Quote Originally Posted by KitKatnip View Post
    Basically NFT's are Beanie Babies. They only have value if someone wants them. Once the market is saturated and no one cares, they will be worthless. Just like Beanie Babies.

    Worse than Beanie Babies even. After the Beanie Babies market crash, at least you could still hold/touch/look at the physical item.

    A fool and his money...
    Aside from emotional value, monetary value has always been: if someone wants something. Also, any market can crash, all it takes it sharp decrease in demand. You just described any item with value.
    (0)

  2. #2
    Player
    forsakee's Avatar
    Join Date
    Dec 2021
    Posts
    141
    Character
    Garnet Stormborn
    World
    Excalibur
    Main Class
    Reaper Lv 90
    Quote Originally Posted by Mysticp View Post
    Aside from emotional value, monetary value has always been: if someone wants something. Also, any market can crash, all it takes it sharp decrease in demand. You just described any item with value.
    I'll be back in 5-10 years when 95% of people that invested money into NFTS get SCREWED ... the thing is if your smart enough you can scam anyone and convince them anything has value.
    (14)

  3. #3
    Player
    Mysticp's Avatar
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    Jan 2022
    Posts
    48
    Character
    Kriasa Arcanis
    World
    Lamia
    Main Class
    White Mage Lv 90
    Quote Originally Posted by forsakee View Post
    I'll be back in 5-10 years when 95% of people that invested money into NFTS get SCREWED ... the thing is if your smart enough you can scam anyone and convince them anything has value.
    Buying Items on Mogstation that sit on SE servers - all good
    Buy items on Mogstation that sit on blockchain - in 5-10 years 95% of people will be screwed!

    Makes no sense really. Anybody can get screwed on any item that has value. This will always be the case if demand crashes.
    (0)

  4. #4
    Player
    forsakee's Avatar
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    Dec 2021
    Posts
    141
    Character
    Garnet Stormborn
    World
    Excalibur
    Main Class
    Reaper Lv 90
    Quote Originally Posted by Mysticp View Post
    Buying Items on Mogstation that sit on SE servers - all good
    Buy items on Mogstation that sit on blockchain - in 5-10 years 95% of people will be screwed!

    Makes no sense really. Anybody can get screwed on any item that has value. This will always be the case if demand crashes.
    Nah buying stuff on mogstation is a waste of money but I can at least understand it. The thing with NFT's that is so dangerous is people getting fooled into the fantasy that they are going to make tons of money and this pointless NFT is going to be worth more in the future. Also majority of the big companies getting into the NFT space are actually selling you nothing ( you won't own the rights )
    (3)

  5. #5
    Player
    Mysticp's Avatar
    Join Date
    Jan 2022
    Posts
    48
    Character
    Kriasa Arcanis
    World
    Lamia
    Main Class
    White Mage Lv 90
    Quote Originally Posted by forsakee View Post
    Nah buying stuff on mogstation is a waste of money but I can at least understand it. The thing with NFT's that is so dangerous is people getting fooled into the fantasy that they are going to make tons of money and this pointless NFT is going to be worth more in the future. Also majority of the big companies getting into the NFT space are actually selling you nothing ( you won't own the rights )
    The only thing dangerous about NFT's is the fact that people really have no understanding of them. You don't need to own the right to something to sell it and make a profit and if you think that you are somehow going to be rich using them then that is on you. NFT's are just digital containers. If you made all outfits in the mogstation an NFT nothing would change in the game.
    (1)

  6. #6
    Player
    Elodie_Einsbern's Avatar
    Join Date
    Apr 2015
    Posts
    46
    Character
    Sophia Gloomlily
    World
    Zalera
    Main Class
    White Mage Lv 90
    Quote Originally Posted by Mysticp View Post
    The only thing dangerous about NFT's is the fact that people really have no understanding of them. You don't need to own the right to something to sell it and make a profit and if you think that you are somehow going to be rich using them then that is on you. NFT's are just digital containers. If you made all outfits in the mogstation an NFT nothing would change in the game.
    If nothing changes, its completely pointless.

    But its not true though, you want NFT's attached to them, because there will then be a limit to how many of them are available. Thus allowing you to resell them and make money.

    Its clear that's what you want to have happen. Thus, yes attaching an NFT to an item would indeed change the game. Rendering your previous assertion false.

    Additionally, if they don't set a maximum number available and assign an NFT for every purchase. Whats the point? Because nobody would buy your NFT item when the store will have a set price to begin with. Again rendering the point of wasting space and resources on making it an NFT in the first place.

    The only benefit having it as an NFT at that point. Would be to sell the item at a loss because you no longer want it. That's it
    (5)
    Last edited by Elodie_Einsbern; 01-04-2022 at 12:18 AM.

  7. #7
    Player
    IchiExorz's Avatar
    Join Date
    Jun 2017
    Posts
    150
    Character
    Ichi Exorz
    World
    Odin
    Main Class
    Red Mage Lv 90
    The thing I hate the most about NFTs is that they're pretty much making something that's easily made infinitely available into a limited supply product that a lot of people want just to increase the price forcing people to spend more money to get it.
    It's completely unnecessary, add no value to the game and they make people have to spend more money for things they want.

    The problem is that there are way less people who'd spend on NFTs but those less people are going to spend a LOT more to the point where companies are going to earn a lot more as well.
    Now if companies would make NFT cashcows just to fund themselves making actual good games then i'd have no problem with it. Just keep them out of the games themselves.

    I'm fine with NFTs existing. I just don't want to see them in games.
    (1)

  8. #8
    Player
    Lihtleita's Avatar
    Join Date
    Jan 2018
    Posts
    936
    Character
    Lihtleita Lonstyrmwyn
    World
    Lich
    Main Class
    Marauder Lv 100
    Quote Originally Posted by Mysticp View Post
    you made all outfits in the mogstation an NFT nothing would change in the game.
    then why bother adding nfts in at all? sounds like theyre just a waste of energy for no benefit....
    (10)

  9. #9
    Player
    StouterTaru's Avatar
    Join Date
    Sep 2013
    Posts
    3,463
    Character
    Stouter Taru
    World
    Exodus
    Main Class
    Thaumaturge Lv 100
    Quote Originally Posted by Lihtleita View Post
    then why bother adding nfts in at all? sounds like theyre just a waste of energy for no benefit....
    Because they would be on the blockchain, and non-fungible!!!

    Oh, so you think your tokens are non-fungible, do you? Let me tell you a little story about elementary school picture day and an "unbreakable" comb...
    (2)

  10. #10
    Player
    Miiu's Avatar
    Join Date
    Jul 2012
    Posts
    372
    Character
    Shila Lail
    World
    Shiva
    Main Class
    Sage Lv 90
    Quote Originally Posted by Mysticp View Post
    The only thing dangerous about NFT's is the fact that people really have no understanding of them. You don't need to own the right to something to sell it and make a profit and if you think that you are somehow going to be rich using them then that is on you. NFT's are just digital containers. If you made all outfits in the mogstation an NFT nothing would change in the game.
    The moment you have more ways to monetize in games that means gameplay systems have to be created around it. Remember when lootboxes and other microtransactions just made their way into games. And people were like: This will just be on the side. If you don't like it you don't have to engage with it.
    Yup that didn't turn sour quick.

    The moment there is more money to be made with a scheme the integrity of game design flies out the window in order to make players interact more with the new "feature". This deducts valuable resources and time the developer would usually have for the other aspects of game creation.
    (9)