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JPG File Sells for $69 Million, as ‘NFT Mania’ Gathers Pace (Beeple)
New York Times ^
| 03/11/2021
| Scott Reyburn
Posted on 03/11/2021 11:35:09 AM PST by Responsibility2nd
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To: notted
Money laundering Exactly my first thought.
41
posted on
03/11/2021 1:32:11 PM PST
by
DiogenesLamp
("of parents owing allegiance to no other sovereignty.")
To: Responsibility2nd
How much anyone wanna offer for a webp copy of this? :D
42
posted on
03/11/2021 2:22:12 PM PST
by
LeoTDB69
To: Responsibility2nd
This is totally Greek to me.JPG File Sells for $69 Million, as ‘NFT Mania’ Gathers Pace (Beeple)WTH?
43
posted on
03/11/2021 2:30:10 PM PST
by
higgmeister
( In the Shadow of The Big Chicken )
To: Responsibility2nd
And now that I understand, I wish I hadn't. What kind of fool would buy electronic bits with no tangible existence?
How can this JPG even be appreciated or admired by anyone else without it being duplicated and disseminated making it worth much less that the so called original? Sheer lunacy.
I'm ashamed to be a trained electronics technician. An electron is an electron, and a photon is a photon. They cannot be bought and sold as a tangible item, no matter how many are grouped together.
44
posted on
03/11/2021 2:49:43 PM PST
by
higgmeister
( In the Shadow of The Big Chicken )
A fool and his money will both work fine in a wood chipper.
45
posted on
03/11/2021 3:15:42 PM PST
by
SunkenCiv
(Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
To: higgmeister
How can this JPG even be appreciated or admired by anyone else without it being duplicated and disseminated making it worth much less that the so called original? Sheer lunacy. That's sort of the twist in this lunacy. An exact copy can exist. Millions of exact copies can exist. What is unique is the token recorded in a blockchain. How that token identifies a specific copy is beyond me. My guess is a timestamp recording the sale.
To: DannyTN
If a woman had made that as a quilt, you couldn’t get $1,500 for it.
Marketing hype is everything.
47
posted on
03/11/2021 7:47:03 PM PST
by
Albion Wilde
("One steps out with actresses, one doesn't marry them."—Phillip, Duke of Edinburgh)
To: Pollard
The copyright owners of those individual images have a lot to work with there.
48
posted on
03/11/2021 7:48:41 PM PST
by
Albion Wilde
("One steps out with actresses, one doesn't marry them."—Phillip, Duke of Edinburgh)
To: higgmeister
What kind of fool would buy electronic bits with no tangible existence?Bitcoin...
49
posted on
03/11/2021 7:53:43 PM PST
by
Fresh Wind
(Joe Biden: The best president Chinese money can buy.)
To: Fresh Wind
Bitcoin...You know this nails it right down. We have been told that banks have transferred currency since, as we understand it, the Knights Templar and the Knights Knights Hospitaller first formed. In all that time, banks actually exchanged something of value for something of the same value.
The cryptocurrencies don't do that. In effect, bitcoin users are all invested in a giant rolling Ponzi scheme. The aficionados must push others to buy-in before they all go bust from lack of new suckers to fleece.
50
posted on
03/11/2021 11:08:28 PM PST
by
higgmeister
( In the Shadow of The Big Chicken )
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