Quote Originally Posted by Ranaku View Post
NFT is a pic (for example a pic of yshtola) with an attachment or whatever that proves that you are the owner of that said thing, not the copyrights though if that isn't explicitly said you don't own that. Then you sell it to the next person for a bit more and it goes higher and higher and higher.

But what creators actually do is selling it to a friend for like 50 dollars and that friend sells it to another friend for like 200 and then to another one for 1000 so the money never leaves the friend circle. Until someone from outside buys into it at which point you make thousands of dollars in net profit and the NFT becomes a dangerous gamble and whoever will hold it last is the one that loses basically all their money and is stuck with a worthless pic.

So basically it is a scam, plain old and simple. Artificial price inflation like you see on the stockmarket sometimes. Until it crashes down and leaves a bunch of people ruined.

And a NFT is no currency, it is like a stockmarket share. You can sell it maybe but you can't buy any shit with it at all. Just that there is no regulated market behind it or anything, if nobody buys your shitty yshtola pic you sit on a yshtola pic you paid 10k dollars for, grats.
Thing is this can be any digital product. Let's say a glam in game.