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To: eyeamok
When theses came out, I never could figure out how they had any value at all, I guess I was right, they don’t

Me too. They seemed utterly ridiculous on its face. I usually tell myself "you could be wrong," but in this case I said to myself "I don't care" and didn't even bother to do more research on this topic.

Its interesting to note that this NFT bubble peaked exactly at the time of peak Federal Reserve rate cutting and US Government "stimulus" due to Covid.

I suppose the lesson to be learned again here is that printed, fiat, politically-controlled money will ALWAYS cause ridiculous bubbles, and extreme social phenomena.

11 posted on 09/21/2023 8:43:15 AM PDT by PGR88
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To: PGR88

When theses came out, I never could figure out how they had any value at all, I guess I was right, they don’t
Me too. They seemed utterly ridiculous on its face. I usually tell myself “you could be wrong,” but in this case I said to myself “I don’t care” and didn’t even bother to do more research on this topic.


Me too. I remember when “We Work” was getting all the publicity and hype. I thought, “I just don’t understand what has value these days, or how this is even a thing.”
Well, I was vindicated on that.
I had similar doubts about how/why anything of value (real value) could/would be “owned” via a NFT. Along with, “If it seems to good to be true, then it is false.” one should remember, “Don’t invest in things you don’t understand.”


30 posted on 09/21/2023 9:38:41 AM PDT by Honest Nigerian
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