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This has to be a scam of some sort, but i don't even see how the people at the top are making money.

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[-] fubo@lemmy.world 9 points 1 year ago

Yes, but this is just a scam. It's about getting people to pay money for wisps of digital vapor.

[-] STUPIDVIPGUY@lemmy.world 3 points 1 year ago

it's really not a scam because people know exactly what they're buying, they just beleive in a crazy backwards concept

[-] fubo@lemmy.world 14 points 1 year ago

If I convince you to believe in a crazy backwards concept of magical water, and I use that to sell you homeopathic "medication" for your actual medical condition, I am still a scammer even if you believe in it.

[-] STUPIDVIPGUY@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

But NFTs don't lie about curing diseases, they claim to be a receipt to a code that's associated with an image. Which is honestly what they are. The issue is that it's extremely overvalued but there's nothing legally fraudulent about that, just consumers who have overvalued a dumb concept. I hate them but I'm just saying it's not technically a scam

[-] redballooon@lemm.ee 5 points 1 year ago

Hate to break it, but homeopathy also is legal.

[-] ChaoticEntropy@feddit.uk 2 points 1 year ago

You sound like you need more amethyst in your diet. Only a negligible amount more though, obviously.

[-] Shere_Khan@lemmy.dbzer0.com 0 points 1 year ago

If you buy it from me, ill sell at a lower price then you sell to him. we all win!

[-] ChaoticEntropy@feddit.uk 1 points 1 year ago

It's the profit cycle! Everyone wins!

[-] STUPIDVIPGUY@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

exactly my point.. you can't just call something a scam because you think it's stupid

but nah just downvote me for being right

this post was submitted on 24 Jul 2023
120 points (100.0% liked)

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